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Which ISA's
wearelee
Posts: 3 Newbie
Hi guys hope you can help me.
I am wanting to put £3600 in cash into a new ISA. I will probably want to withdraw all or some of it in about 9 months time to pay off a holiday. Which ISA would be best for this to include instant withdrawel.
Also I am about to cash in some 10 year savings plans as they are paying nothing in return at the moment. I want to start new savings plans and will pay in £200 a month and the idea is to withdraw portions of it, starting the withdrawels in about 5 years time.
I dont know if i am allowed to open an ISA with the £3600 now as well as starting a monthly £200 ISA. Would I be better setting the £3600 ISA up in my fiances name and she can withdraw it in 9 months, then I can set up the monthly saving ISA.
I really hope somebody can help me and soon
Thanks
I am wanting to put £3600 in cash into a new ISA. I will probably want to withdraw all or some of it in about 9 months time to pay off a holiday. Which ISA would be best for this to include instant withdrawel.
Also I am about to cash in some 10 year savings plans as they are paying nothing in return at the moment. I want to start new savings plans and will pay in £200 a month and the idea is to withdraw portions of it, starting the withdrawels in about 5 years time.
I dont know if i am allowed to open an ISA with the £3600 now as well as starting a monthly £200 ISA. Would I be better setting the £3600 ISA up in my fiances name and she can withdraw it in 9 months, then I can set up the monthly saving ISA.
I really hope somebody can help me and soon
Thanks
0
Comments
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You can do the latter where by you fill up your ISA witht he £3,600 then use the wife's allowance for the other. However, usually with regular saver ISAs it is best to start them in the new financial year so that you don't have the saver going over 2 tax years. But this is upto you. I also do not think there are many regular saver ISAs out there at the moment.0
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