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Cash ISA question
I have £35k in a savings account paying 4.5%. I do not want to pay any tax on this and considering a cash ISA. Can i gather interest up to the £1000 limit and then transfer to an ISA at a point later in the year to avoid taxation on the interest? I have no current ISA.
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ISA online app online companies like Plum
Hello MSE im a newbie. Asking question. Why are some ISAs (esp those with the best rates) only available as app on smart phones. ie Plum and not on a laptop/online which is so much easier to navigate, use and secure? If so how can i be reassured the apps on phones are secure?
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£28 to withdrawal cash from a Help to Buy ISA
Hi everyone, Nat West are charging my husband £28 every time he makes a withdrawal from his Help to Buy ISA via a branch - it seems really steep. I've gone online to see if I can find withdrawal fees in their terms and conditions and I have yet to find this information. Is anyone else experiencing this and is this…
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Plum feedback, how can you transfer in from plum
Hi, can anyone give feedback on Plum Cash ISA? There are no bank account details. How can I fill the transfer-in form from Plum transfer to another provider? Is that easy to withdraw? I am kind of doubt about continuing to use IT. Thanks
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Post Office Online ISA - Payments In
I recently opened a Post Office Online ISA, and my initial £100 deposit is now showing in my account. As I understand it, I can only make payments into this account by debit card or cheque. My First Direct debit card limit appears to be £10,000 in any rolling 30-day period. Depending on other spending on my card, does this…
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New ISA rules April 2024
HMRC has recently released more information regarding the new ISA rules to come into effect from April 6th 2024. Notably, it includes: 1.1 Increase the age for opening cash ISAs from 16 to 18 years old and over From 6 April 2024 it will not be possible for anyone aged 17 and under to subscribe to more than one…
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ZOPA Smart ISA Newbie Query
Hi, I am new to ISA's and have done a lot of reading, landing on ZOPA for my first attempt at this! I currently have my money in an easy access savings which helps as I am not sure what's what at the mo while I fix up my house (trying not to touch it but just in case!). This savings account pays my interest monthly into my…
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Virgin HTB at maximum bonus, should I stop paying in?
Hello, I took out a virgin HTB ISA a few years ago, paying the maximum of £200 in per month. I’ve now reached £12000 which gives me the maximum £3000 bonus from virgin to use on a first house. My question is, should I stop paying £200 into this account as it is ‘maxed out’? I’m looking to buy somewhere, but realistically…
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Bed & ISA
I’ve got shares in 3x companies, two running at a loss and 1 doing well. Over all I’ve got approx £7500 in value which I’m only a few hundred quid in profit. The shares are at a loss are £4200 and 500, the gain is £5000. The question I have is do the losses negate any possible CGT on the gain? when moving shares of this…
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Halifax ISA Investor
Halifax ISA Investor provided by Scottish Widows. Has anyone use this product before? I am looking at reviewing my investment and saving with a view for putting money away for X number of years each month. Has anyone any experience of ISA Investor and any of its eligible funds? Just for now scoping options..I am also…
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Question about total tax free allowance of Lloyds cash ISA over many years
Hi, hope you are all doing well. I opened a Lloyds Fixed Rate 1 year Cash ISA on March 30th and deposited 20.000 gbp. Since the financial year ended on April 5th, can I deposit another 20.000 in the same account in a month and get tax free interest for the entire 40.000? Thanks
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Big banks 'ignoring' the new isa 2024 rules , does it matter?
https://www-thisismoney-co-uk.cdn.ampproject.org/v/s/www.thisismoney.co.uk/money/saving/article-13316161/amp/Big-banks-ignoring-new-rules-let-savers-open-one-Isa-year.html?amp_gsa=1&_js_v=a9&usqp=mq331AQGsAEggAID#amp_tf=From…
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Flexible ISA fund interest withdrawal (and adding back in)
I've just been reading a review of an ISA provider I've used for a few years and noticed there is a section on withdrawing interest and adding it back at a later date. I'll paste it below. It never occurred to me that it's possible to take out interest payments and pay them back in at a later date in that tax year. I've…
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Can I move ISA twice in a year?
Hi, I currently have ISA with MARCUS, but want to transfer balance to Zopa Isa, but Marcus not part of online transfer system, so not on zopas transfer in list, as zopa only accept it online. A workaround is move cash to santander as they will do it by filling a form for the transfer, as, once cash with santander, zopa…
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Trust & JISA - How to consolidate
Hi, I have a JISA for my son. After it was set up I found out his mum has a Trust Fund for him that she pays into regularly. Later, I discovered you cannot have both, so I need to try and combine them and JISA, being the newer product, seemed the best vehicle. The JISA is with Moneyfarm and they suggested that we transfer…
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Partial Cash ISA transfers to keep below the £85k limit
I recently wanted to transfer part (50%) of a Santander Cash ISA to a new Cash ISA with Cynergy but appear to only be allowed to transfer all the cash ISA. I wish to split my existing cash ISA into two others with separate providers in order to stay below the £85k FSCS guarantee. When I transferred my stocks and shares ISA…
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Basic question on Cash ISA after maturity dates
Hi. Can someone please help with what might be a basic question for some! My Santander cash ISA for 23/24 has matured and they have given me the option of upgrading it to a Fixed Rate Cash Isa at 4.15%. But I know there are higher rates out there for tax year 24/25 - plus I want to invest £20,000 for this tax year 24/25 in…
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New ISA rules clarification on multiple accounts
I know in this new tax year we are able to open multiple ISA’s of the same type. I want to open ISAs with multiple banks, not just the one. Just wondering if this still stands or is it just that it hasn’t been updated yet. From Zopa’s website. Is it that they only allow multiple cash ISAs to be open with them only? Ie…
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Barclays fixed isa.
Hello, brand new on here hope someone can advise. I've opened a 1 year fixed isa on the 10 April with the intention of depositing my 23/24 isa full 20k plus interest, matures in Oct 2020. but it looks like l can't do this, is this correct? The said 23/24 isa was added too with three lots of cash over it life so have they…
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A question about a maturing ISA. Does it count towards this years allowance?
Hi There and thanks for looking. I have an ISA maturing in a few days with Close Brothers and I have the option of opening a new ISA with them. It has these two lines in the declaration that I need to agree to which I find unusual. d. in particular. c. I have not subscribed/ made payments, and will not subscribe/make…