'Have you saved in a cash ISA this tax year (ie since April 11)?' poll

Former_MSE_Penelope

Poll started 5 Mar 2012, click here to vote

A cash ISA is simply a tax-free savings account. You're allowed to put in £5,340 per tax year – then it stays tax free year after year. Yet the cash ISA year end is nearly upon us (5 April), and if you don't use it you lose it.

Which of the following is closest to your situation?


I've already put cash in a 2011-12 ISA:


I've put the max £5,340 in
I've not maxed it out, but put as much savings as I've got in
I've not maxed it out. I put some in, but do have savings elsewhere


I've NOT used my 2011-12 cash ISA allowance yet:


I've no spare cash to go in one
I'm planning to, just not got round to it yet
I've got savings but couldn't be bothered
I used my ISA allowance for stocks and shares, not cash
I've got past years' ISAs and didn't know I could put more in
I'm a bit too scared/confused/don't know enough to do it

I'm not sure

I can't remember if I've done it this year or not



click 'post reply' to discuss below. Thanks


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tanith

I have previous years but haven't yet got round to this years as the ones I liked didn't allow transfers in or they were postal acc I got fed up searching around..

kimmywal

I put money in a cash ISA about four years ago, with a win and move it around every year to the one that is giving the best interest rate, I have never topped it up just keep on moving the money that I originally invested

josie

There isn't an option to say our savings are in an offset mortgage so it was a conscious decision NOT to put money into an ISA?

Pmarmalade

I just maxed out my ISA with Feb's wages. So happy I achieved my goal for the year having used my savings to pay of my car finance last March and starting from scratch. :j

Of course, I've been fortunate to remain in stable employment in difficult economy.

torbrex

Not this year, I put my £5000 into the NS&I 5 year bond instead and with losing my job, I have not been able to add to my ISA as well.
I have jiggled my various funds though to make the most of the best available interest rates.

Coveredinbees!!!!

I'm with Josie, trying to get screwed as little as possible by RBS

Abmh

I top mine up every year (at the beginning of the tax year - never understood why people wait until the last minute) then I keep an eye on the interest rate and move the whole lot to keep the best possible rate. It's currently with Nationwide because I get a bonus rate due to having an account with them but I will still watch the rates.

JimmyTheWig

josie wrote: »

There isn't an option to say our savings are in an offset mortgage so it was a conscious decision NOT to put money into an ISA?

Likewise with us, my wife doesn't pay income tax so we use standard savings accounts rather than ISAs. Voted the "couldn't be bothered" option as it was the only one that vaguely fitted.

thebigbosh

I live abroad and don't pay tax - should there be an option for that? Not allowed to put money into ISAs although I maintain an old one. Can't even transfer out of it though if the rate drops. I had a Nationwide ISA drop to 0.1% (typically) and all I could do was put it in a savings account (which is also pretty difficult to open if you don't live in the country) :mad:

yorkshireman99_2

I have put the full amount into my cash ISA.

My wife doesn't pay tax so has not used her ISA allowance, as she can get a (slightly) higher rate in a non-ISA account with the same bank.