ISA timing alert

Consumerist

Don't forget that the last banking day in the current tax year is :-

THURSDAY 1st APRIL

2nd April is Good Friday bank holiday,
3rd & 4th are a weekend, and
5th April is Easter Monday bank holiday.

Don't get caught out.
.

Lokolo

And new tax year and payday is Tuesday 6th for me. Happy Days.

Consumerist

Nothing to add. Just wanted to keep this post toward the top of list for the next couple of weeks.

Consumerist

Here we go again.

welshmoneylover

Thanks for that Consumerist I hadn't even noticed that

Consumerist

. . . and again !

LuSiVe

OK, so I get paid on 31st March. If I use my debit card to pay into my M&S ISA the remaining bit for this year's allowance that day, but it doesn't arrive until after 5th April, does it count as this year because I made the instruction in this tax year? Would this be specific to M&S or a general answer?

Baldur

If the cash actually hits the account after 5th April, I suspect that it would count as a 2010/11 subscription, irrespective of when the instruction is given.

Consumerist

I agree with Baldur. I would say your best bet is to use FPS transfer if your bank participates.

LuSiVe

It doesn't to that value of transaction, and M&S doesn't seem to have account numbers to transfer to anyway.

Lokolo

I suspect if you deposit by debit card, similar to Egg, it will get credited straight away.