Barclays Tax Haven ISA 2008/09

Lokolo

bristolleedsfan wrote: »

Nobody will have a 2008/09 ISA account opened before 6.4.08.

I gave Barclays my 2007/08 ISA application in late March 2007 together with a cheque for 1.00 dated for 6.4.07 and the account was opened during May 2007.

U should be carefull before u call people and/or Organisations Liars.

Barclays would be within their rights to not open accounts where the applications are not accompanied by the stated minimum investment of 1.00.

Indeed I know, it was a joke.... I have read the terms and conditions which is why I asked the question earlier of how people have opened the accounts. And if you read previous posts, MSE's have opened it already and left it with nothing in...

Lee_Dunford wrote: »

Unless I am qwrong the offical opening date is when a deposit is made, rather than when an account number is presented. forget the website, open now and deposit on or before april 6th

Thanks, I will go down to branch in Easter and open one up

bristolleedsfan

Lokolo wrote: »

. And if you read previous posts, MSE's have opened it already and left it with nothing in...

Best not to believe everything that u read on here. ( which is a point MSE Martin has made )

http://forums.moneysavingexpert.com/showthread.html?t=304878

Barclays were very insistent with the Tax Beater ISA that all applications from non Barclays existing Customers had to be accompanied by minimum 1.00 remittance and that the initial deposit had to be in the form of a personal cheque for additional identification purposes.

I hope that all applications made in advance of the new tax year without an accompanied deposit for minimum 1.00 are returned to the applicants. :j

Official account opening date for 2007/08 Taxbeater ISAs was the date that Barclays opened the accounts all of which were opened after 6th April 2007 with a opening deposit.

( People act clever then they wonder why 2 months down the line their applications get returned. )

Im not sure what planet people come from if they think their 2008/09 account will be opened without a deposit ready to add funds on/or after shortly after 6th April 2008. :wall: :wall: :wall: ( Thats what i thought in March 2007. :rotfl: :rotfl: :rotfl: )

Lokolo

bristolleedsfan wrote: »

Best not to believe everything that u read on here. ( which is a point MSE Martin has said)

Barclays were very insistent with the Tax Beater ISA that all applications from non Barclays existing Customers had to be accompanied by minimum 1.00 remittance and that the initial deposit had to be in the form of a personal cheque for additional identification purposes.

I hope that all applications made in advance of the new tax year without an accompanied deposit for minimum 1.00 are returned to the applicants. :j

You may well do but others don't, they went to the effort of opening it. We can always hope your next cheque gets lost and yours doesn't get opened eh.

Thats why I asked the question in the first place. I read the terms and conditions. It stated that there was a required £1 deposit, so I asked how they went about opening it without contributing to it. You said you gave a cheque dated for the 6th, yet your account didn't get opened till May. Thats fine but I still wanted to know how the others did it, especially doing it online.

[edit] stop editing your post when I am typing :P

DUS

Lee_Dunford wrote: »

Dear Dus,

hey, welcome to MSN, there is no such thing as stupid or basic questions. Money saving expert is a site to share and help consumers. Welcome also to the UK.

Cheers for the warm welcome!

From what has been written in reply to my post it seems that you can open the Tax Haven account for both 2007/08 and 2008/09 tax year. So that´s good news!

Now, here I am with another question not directly related the the Barclays´ account but opening ISAs in general. As I´ve only recently moved from Germany and will not start my job before April 1 this year, can I still open the account? The reason I am asking is because I learnt that the banks require my NIS # which I so far haven´t applied for (plan to do so next week). Is there still a chance to open the account in time before the end of the 07/08 tax year?

Thank you!

DUS

loulou41

MABLE wrote: »

I have just logged on to my Barclays bank account and because I am already a customer I was able to complete application on line and has been accepted for 2008/2009.

I have a joint account and want to open one for each of us. When you complete your application online, do you have to wait and transfer the money on the 7th April? Also how do you withdraw the money, will there be a pass book or a card, can you withdraw at the local branch? Thanks

Uruk_Hai

I would realy appreciate a bit of help ! Last year I opened a Barclays tax beater ISA and invested 3K in it and it has just been left for almost a year. Yesterday I went into my local branch and said as the interest rate for the tax beater is going down to 4.89% I want to open a tax haven ISA and then transfer my money from the tax beater in to a new and higher rate tax haven, the person I spoke to just said "no you cant do that" and then went on to tell me that the only thing I could do is open a tax haven ISA then withdraw the money from the tax beater and put it into my newly openend tax haven ISA ? My question is have I been given the correct information and if so will I lose out if I take the money out of my current ISA, when I read the advice on this web site saying that Barclays were offering the best interest but be willing to transfer after a year I thought it would be simple and now I'm not sure of the best thing to do ?

Any help or sound advice realy appreciated !

trinidadone

Uruk_Hai wrote: »

I would realy appreciate a bit of help ! Last year I opened a Barclays tax beater ISA and invested 3K in it and it has just been left for almost a year. Yesterday I went into my local branch and said as the interest rate for the tax beater is going down to 4.89% I want to open a tax haven ISA and then transfer my money from the tax beater in to a new and higher rate tax haven, the person I spoke to just said "no you cant do that" and then went on to tell me that the only thing I could do is open a tax haven ISA then withdraw the money from the tax beater and put it into my newly openend tax haven ISA ? My question is have I been given the correct information and if so will I lose out if I take the money out of my current ISA, when I read the advice on this web site saying that Barclays were offering the best interest but be willing to transfer after a year I thought it would be simple and now I'm not sure of the best thing to do ?

Any help or sound advice realy appreciated !

Just seen your question. Barxclays do not accept transfers from pevious years into the 2008/09 ISA, which is why the bank may of told you no. If you withdraw the money as advise, you will lose this current years allowance. My best bet, find out exactly when your account matures, and find another ISA account through Martin. Open up a barclays ISA for 2008/09 and contribute during the year

bristolleedsfan

Uruk_Hai wrote: »

I
Any help or sound advice realy appreciated !

Heres best buy ISAS that accept transfers in :

( Nationwide And Halifax for fixed rates, possibly Leeds BS, Not Chorley for transfers)

http://www.moneyfacts.co.uk/savings/bestbuys/mini-cash-isas-accepting-transfers-in.aspx

http://www.moneyfacts.co.uk/savings/bestbuys/fixed-rates-isa.aspx

http://www.abbey-products.com/product/direct-isa-squirrel/

No loss of interest if transferring to Nationwide/Abbey/Saffron.

Uruk_Hai

Thanks for the above advice and suggestions, after reading the above I'm thinking of transfering my tax beater to the Abby one that is listed as there is a Abbey branch right next to Barclays which is handy for me ! Sorry but I've got another question (or two), if I wish to transfer I'm assuming that its best to wait untill my current one has matured (Is this a year from the date of opening ?) and I'm guessing I just go into Abbey and explain that I have a current ISA that I wish to transfer to them and then go to Barclays with the details of the new account and let them do the rest ? I'm also guessing that if I do this I will lose no interest and still be able to open a Barclays tax haven ISA for the 2008/2009 year ?

Sorry to be going on but for years I've been happy just to leave my savings in any old savings account so this is a bit of a steep learning curve for me.

Thanks again :T

bristolleedsfan

Uruk_Hai wrote: »

Thanks for the above advice and suggestions, after reading the above I'm thinking of transfering my tax beater to the Abby one that is listed as there is a Abbey branch right next to Barclays which is handy for me ! Sorry but I've got another question (or two), if I wish to transfer I'm assuming that its best to wait untill my current one has matured (Is this a year from the date of opening ?) and I'm guessing I just go into Abbey and explain that I have a current ISA that I wish to transfer to them and then go to Barclays with the details of the new account and let them do the rest ? I'm also guessing that if I do this I will lose no interest and still be able to open a Barclays tax haven ISA for the 2008/2009 year ?

Sorry to be going on but for years I've been happy just to leave my savings in any old savings account so this is a bit of a steep learning curve for me.

Thanks again :T

ISA transfers can take a maximum of 30 days, so IMO it would be prudent to organise a transfer out at least 30 days before the 1% Barclays bonus is due to come off to avoid being on the lower rate during the transfer out process.

Abbey top paying ISA is "direct" so u have to apply online.

http://www.abbey-products.com/product/direct-isa-squirrel/

"Just complete the application form giving the account number and name of your current provider and our dedicated transfer team will do the rest for you. Interest is paid from the moment your old account is transferred so you do not lose any interest."