Full ISA Guide Discussion Area

Tincaman

I'm going to get a load of cash in February, can I invest my £5,100 before April and then another £5100 after April?

Baldur

Tincaman wrote: »

I'm going to get a load of cash in February, can I invest my £5,100 before April and then another £5100 after April?

Yes, if you haven't already subscribed anything to a Cash ISA since 6th April 2010, you can subscribe £5,100 to a Cash ISA up to 5th April 2011, then another 5,100 (or whatever next year's allowance may be) on or after 6th April 2011.

adindas

How could I use Investment ISA to invest in Stock and Share ?
In the past I use in connection with my Bank, but I do not want to do this anymore, as I believe that they tend to flog thoer own share or the one in which hey get the highest commision.

Could we do it ourselves using independent stock brokers within our ISA allowance for those tax year ?.


Thank you
ADINDAS

Tincaman

Thanks Baldur

sunil1234

adindas wrote: »

How could I use Investment ISA to invest in Stock and Share ?
In the past I use in connection with my Bank, but I do not want to do this anymore, as I believe that they tend to flog thoer own share or the one in which hey get the highest commision.

Could we do it ourselves using independent stock brokers within our ISA allowance for those tax year ?.


Thank you
ADINDAS

yes you can do that, look at td waterhouse, hargreaves landsown (expensive for share dealing), iii.co.uk

adindas

Dear Sunil

Thank yu for your explanation.

ADINDAS

sunil1234 wrote: »

yes you can do that, look at td waterhouse, hargreaves landsown (expensive for share dealing), iii.co.uk

Als012

Hi
New to the idea of an ISA. I have 10,000 to deposit, does that mean my partner and I could each open an ISA with 5,000 each? And if so, does that then mean we could only earn up to 100 per year each, or can we earn up to 5100 per year each on each account?

Many thanks
Al

Baldur

Als012 wrote: »

I have 10,000 to deposit, does that mean my partner and I could each open an ISA with 5,000 each?

Yes, currently you each have an annual Cash ISA allowance of £5,100.

And if so, does that then mean we could only earn up to 100 per year each, or can we earn up to 5100 per year each on each account?

There is no limit on the interest which can be earned in a Cash ISA, the limit only applies to annual subscriptions (new money) which can be paid in to a Cash ISA.

You'd struggle to earn much more than around £200 each on £5,000 over the next 12 months at current rates - and that much would only be possible with a long-term fixed-rate Cash ISA.

igaquo1

Hello, If I have already put a monthly amount into a Shares ISA this financial year totalling £2,975 financial ytd, can I open a new Shares ISA to invest the remainder of the £2,125 allowance left? (I have already used 100% of my cash ISA allowance). (I want to buy a share directly, and the existing Shares ISA is only a fund mgmt type).

Or do I have to use up my Shares ISA allowance with the existing provider and open a new Shares ISA next financial year?

any insight appreciated.

thanks

Baldur

igaquo1 wrote: »

.....Or do I have to use up my Shares ISA allowance with the existing provider and open a new Shares ISA next financial year?

You can only subscribe to one S&S ISA per tax year, which you have already done, so cannot open & subscribe to a different one until April 6th 2011.