The Cashback for Bank or Investment Accounts Discussion Thread

friolento

s71hj said:

flaneurs_lobster said:

HHUK said:

ccluedo said:

Do u know if u can leave it as uninvested cash and withdraw after the TCB (hopefully) pays out? 🤔 

Santander Stocks and Shares ISA

Don't think so. I was required to select a find before proceeding.

I don't think so either - exemptions from cashback include

• You will not be eligible for cashback unless you invest within the platform.

As I'm right up to my ISA limit this tax year I assume if I withdraw £100 from a flexible ISA I can the put £100 in this? 

You may be able to do this - I can’t ever remember the rules of flexible ISAs.

I am also maxed for the year but have decided to “forget” and just deposited an extra £100. If HMRC pull me up over this, I am happy if they cancel the Santander ISA. If this happens, it will be sometime late 2026 or even in 2027, a very long time after TCB will hopefully have paid out, and I doubt anyone would claw back the cashback.

winkowinko

Those who already hold the simple saver or sunny day saver(s), are you still giving this a go?

friolento

Not me, no

s71hj

friolento said:

s71hj said:

flaneurs_lobster said:

HHUK said:

ccluedo said:

Do u know if u can leave it as uninvested cash and withdraw after the TCB (hopefully) pays out? 🤔 

Santander Stocks and Shares ISA

Don't think so. I was required to select a find before proceeding.

I don't think so either - exemptions from cashback include

• You will not be eligible for cashback unless you invest within the platform.

As I'm right up to my ISA limit this tax year I assume if I withdraw £100 from a flexible ISA I can the put £100 in this? 

You may be able to do this - I can’t ever remember the rules of flexible ISAs.

I am also maxed for the year but have decided to “forget” and just deposited an extra £100. If HMRC pull me up over this, I am happy if they cancel the Santander ISA. If this happens, it will be sometime late 2026 or even in 2027, a very long time after TCB will hopefully have paid out, and I doubt anyone would claw back the cashback.

Is that all HMRC do in that situation then? 

friolento

s71hj said:

friolento said:

s71hj said:

flaneurs_lobster said:

HHUK said:

ccluedo said:

Do u know if u can leave it as uninvested cash and withdraw after the TCB (hopefully) pays out? 🤔 

Santander Stocks and Shares ISA

Don't think so. I was required to select a find before proceeding.

I don't think so either - exemptions from cashback include

• You will not be eligible for cashback unless you invest within the platform.

As I'm right up to my ISA limit this tax year I assume if I withdraw £100 from a flexible ISA I can the put £100 in this? 

You may be able to do this - I can’t ever remember the rules of flexible ISAs.

I am also maxed for the year but have decided to “forget” and just deposited an extra £100. If HMRC pull me up over this, I am happy if they cancel the Santander ISA. If this happens, it will be sometime late 2026 or even in 2027, a very long time after TCB will hopefully have paid out, and I doubt anyone would claw back the cashback.

Is that all HMRC do in that situation then? 

I can't be sure but am willing to take the risk

That aside, I am planning to close this ISA as soon as I have my cashback - hopefully befor end of the current tax year

s71hj

s71hj said:

friolento said:

s71hj said:

flaneurs_lobster said:

HHUK said:

ccluedo said:

Do u know if u can leave it as uninvested cash and withdraw after the TCB (hopefully) pays out? 🤔 

Santander Stocks and Shares ISA

Don't think so. I was required to select a find before proceeding.

I don't think so either - exemptions from cashback include

• You will not be eligible for cashback unless you invest within the platform.

As I'm right up to my ISA limit this tax year I assume if I withdraw £100 from a flexible ISA I can the put £100 in this? 

You may be able to do this - I can’t ever remember the rules of flexible ISAs.

I am also maxed for the year but have decided to “forget” and just deposited an extra £100. If HMRC pull me up over this, I am happy if they cancel the Santander ISA. If this happens, it will be sometime late 2026 or even in 2027, a very long time after TCB will hopefully have paid out, and I doubt anyone would claw back the cashback.

Is that all HMRC do in that situation then? 

Found this on MSE.Com

"You can replace the money any other ISA

As long as you withdraw from a flexible ISA, you can now re-deposit in the same or any other ISA (flexible or not) and it won't count towards your £20,000 annual limit."

https://www.moneysavingexpert.com/savings/flexible-isas/

AndyTh_2

s71hj said:

flaneurs_lobster said:

HHUK said:

ccluedo said:

Do u know if u can leave it as uninvested cash and withdraw after the TCB (hopefully) pays out? 🤔 

Santander Stocks and Shares ISA

Don't think so. I was required to select a find before proceeding.

I don't think so either - exemptions from cashback include

• You will not be eligible for cashback unless you invest within the platform.

As I'm right up to my ISA limit this tax year I assume if I withdraw £100 from a flexible ISA I can the put £100 in this? 

this is apparently allowed now (as long as that Flexible ISA has the current tax year contributions) since as of 17th July 2025. It was stopped in 6th April 2024 but reintroduced in a slightly different worded legislation

https://www.gov.uk/government/publications/tax-free-savings-newsletter-17/tax-free-savings-newsletter-17-july-2025

1.3 Flexible Individual Savings Account
This change clarifies that funds subscribed in a tax year which are subsequently withdrawn from a flexible account, should reduce the total value of current year subscriptions to the account, and may be subscribed to any other Individual Savings Account in that same year. An amount withdrawn that exceeds current year subscriptions, is considered a withdrawal of previous year subscriptions and can only be replaced as a replacement subscription to the same account.

If we took it as it sounds like for the new way, it seems like a withdraw of current tax year contribution in Flexible ISA returns the allowance back, as is reported from ISA manager to HMRC as the net of total contributions and withdrawals as a single figure.

Still previous tax year contributions don't work like that and can only be replaced back into the original flexible ISA it was taken out of.

AndyTh_2

also I'm doing the same with my flexible ISA to fund the S&S ISA. Just waiting till Monday for Skipton to do the withdrawal before I do it

happybagger

I opened several cash ISAs over the past year, I'm ISAd up fully, I just checked the t+c's of all of them - none are flexible!
Only solution would be to transfer some from one of those to a flexible ISA then deposit to the Santander S+S ISA. A lot of faff.
TCB terms seem to indicate a transfer would be acceptable to comply with the terms but it adds complexity and a layer of doubt as to whether cashback would materialise.

May skip this one.

linz

winkowinko said:

Those who already hold the simple saver or sunny day saver(s), are you still giving this a go?

I've given it a go. Opened a new one for each but so far only the Simple Saver has tracked.