Full ISA Guide Discussion Area

samlord

I have a UK Cash ISA. I have recently moved abroad and understand I cannot add to my ISA as I am no longer living in the UK.

I wanted to know if I could transfer the current balance to a new, more competitive provider or am I stuck with the same provider for life?!

Thanks in advance. Cheers, Sam

tplunkett

I have an existing shares ISA direct with a fund manager (M&G OEIC) which I pay a regular sum into.

I want to open a new shares ISA elsewhere, probably using a discount broker, and pay into this regularly too.

As I understand it this isn't allowed under current ISA rules.

Is there a way in which I can get all the seperate shares ISA's under one "wrapper".

Cheers Tim

Lokolo

tplunkett wrote: »

I have an existing shares ISA direct with a fund manager (M&G OEIC) which I pay a regular sum into.

I want to open a new shares ISA elsewhere, probably using a discount broker, and pay into this regularly too.

As I understand it this isn't allowed under current ISA rules.

Is there a way in which I can get all the ISA under one "wrapper".

Cheers Tim

You can transfer your funds out to the new fund supermarket. But in some cases, transferring out costs money.

Reiki_Angel

Good morning Everyone. I've not used this site much so please forgive me if my question seems boring. I have a small amount of savings in a flexible saver account and i've just read on here that i should be putting it into an ISA could one of you knowledgeable people please tell me which one ?
thanking you in advance

Baldur

Reiki_Angel wrote: »

Good morning Everyone. I've not used this site much so please forgive me if my question seems boring. I have a small amount of savings in a flexible saver account and i've just read on here that i should be putting it into an ISA could one of you knowledgeable people please tell me which one ?
thanking you in advance

Check out this post to see the current 'best buys' and select which Cash ISA suits your personal circumstances.

Steeveb

Hi,
I currently hold some shares that I want to dispose of. However, I'm concerned about being hit with a capital gains tax bill.
If I transfer my shares into an ISA, does the act of selling the shars ( and then buying them back in the ISA) count towards my annual Capital Gains Allowance? Or can I transfer the shares into an ISA to shelter them from CGT and then dispose of them a couple of days later?
Thanks in advance for any advice !

Steve

JimmyTheWig

Steeveb wrote: »

I currently hold some shares that I want to dispose of. However, I'm concerned about being hit with a capital gains tax bill.

I believe, though others may correct me, that either way you will be liable for the CGT on any gains you have made up until you sell them _or_ transfer them into an ISA.
Moving the shares into an ISA wrapper will cut your CGT in the future.

rubia1409_2

Hi All,

Forgive me if this has been asked before, but I have a cash ISA opened areound 3 years ago. This year I have saved the maximum allowed with it. Am I allowed to open another cash ISA this tax year?

Baldur

I have a cash ISA opened areound 3 years ago. This year I have saved the maximum allowed with it. Am I allowed to open another cash ISA this tax year?

You are not clear about what you mean.

You opened the account 3 years ago - fine, that is irrelevant as far as the current tax year is concerned.

This year (since 6th April 2009) you have saved how much in the account? If you have subscribed ANY new money to that account since that date, then you cannot subscribe to any other ISA until 6th April 2010.

um5000

Daft question I'm sure but it isn't all that clear:
If I have an ISA with funds already in it and I transfer that to a new provider in April, does that make the new provider my only ISA (to which I must add funds if I want to benefit from tax relief), or can I open another one for in-year savings?
I want to take advantage of e.g. Alliance and Leicester's 3.5% but that's only on new savings (no transfers in) - but I don't want to be stuck with 0.5% (which is what my current provider will drop to soon) on my existing balance!