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Happy New (Tax) Year

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  • Ocelot
    Ocelot Posts: 631 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    It means we can fund our ISAs opened in the last 2 weeks or so.
  • Probably not the first person on here to do it, but my 2024-25 ISAs are now fully funded :)
  • Definitely not the 1st.....I got up especially early this morning to fund my 5.4% ISA......I expect someone did theirs at 1 minute past midnight.
  • ukbootlegs
    ukbootlegs Posts: 22 Forumite
    Fourth Anniversary 10 Posts Photogenic
    Can we deposit today?  I’ve got 20k to put into my isa. Been waiting for the new tax year 
  • badger09
    badger09 Posts: 11,605 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Can we deposit today?  I’ve got 20k to put into my isa. Been waiting for the new tax year 
    Yes. Today is 6 April. 1st day of tax year 2024/25. 
  • slinger2
    slinger2 Posts: 1,006 Forumite
    500 Posts First Anniversary Name Dropper
    Of course you can also now take money out of your flexi ISAs and you've got until 5 April 2025 to put it back in without losing its ISA status.
  • j_netprofit
    j_netprofit Posts: 240 Forumite
    100 Posts First Anniversary Name Dropper Photogenic
    S&S LISA and S&S ISA loaded 😎
  • ukbootlegs
    ukbootlegs Posts: 22 Forumite
    Fourth Anniversary 10 Posts Photogenic
    badger09 said:
    Can we deposit today?  I’ve got 20k to put into my isa. Been waiting for the new tax year 
    Yes. Today is 6 April. 1st day of tax year 2024/25. 
    Thanks. Thought so. Time to load up my isa and dump some cash into my wife’s too
  • carly
    carly Posts: 1,495 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Definitely not the 1st.....I got up especially early this morning to fund my 5.4% ISA......I expect someone did theirs at 1 minute past midnight.
    What provider is that with, if you dont mind me asking?
  • where_are_we
    where_are_we Posts: 1,222 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    edited 6 April 2024 at 9:56AM
     "Remember, if you pay into your Cash ISA on
    a weekend or bank holiday, your money will
    start to earn interest from the next working day.
    That means a Monday to Friday and not a bank
    holiday. You’ll be able to take your money out
    as soon as we receive it"
    The above is Virginmoney Cash ISA T&C`s.
    For those rushing to deposit new money into their new Virgin Money Cash ISA. Best to wait until Monday 8/4/24 before paying into your Virgin Cash ISA especially if you are putting in a large amount from a top paying EA account. You will lose about £5.50 in interest on a £20K deposit.
    I do not know what other financial institutions do.

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