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We want to hear about your Lifetime ISA (LISA) experiences
Are you planning to use your Lifetime ISA (LISA) towards your first home? Have you used one already, or tried to? We’d like to hear about your experience.Got a second-hand story about a friend or relative using a LISA? We'd love to hear that too. Or better yet, ask them to register for a Forum account and post about it…
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ISAs & Tax-free Savings Sticky
💷 Forum threads on this topic which you may find useful: * Tax Free Savings Guide Discussion Area * Lifetime ISA Discussion Area * Help to Buy ISA Discussion Area * Stocks & Shares ISAs Discussion Area * Cash ISAs: The Best Currently Available List * Transfer Cash ISAs Discussion Area 💰Helpful content from…
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Virgin Money Payment delays.
Hi New member here and I'm in a bit of dilemma so hope someone can point me in the right direction. My wife and I have an ISA with Virgin Money from which we both take a regular payment. Unfortunately the most recent payments (Easter Bank Holiday) have not been received by us. We have contacted them by all methods but they…
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17 year old in ISA limbo
Hello MSE, my son opened a cash ISA in 23/24 tax year. He was aged 16 years old at time of opening. He can add more money to the same ISA in 24/25 tax year. However as his birthday was close to the end of tax year the ISA he opened was done in a rush and the savings rate is awful (sub 2%)! He wants to move last years cash…
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ISA - Stocks and Shares
I have a Help 2 Buy ISA with Halifax, I understand you can now have as many Isa's as you want. I opened the 7% savings account with Co-op Bank, also Starling current account they only give interest up to 5k so I need to consolidate money elsewhere, also a small amount with Kroo, they give interest every month which is a…
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Marcus ISA to ZOPA ISA
My wife & I want to increase our Marcus ISA accounts from 60k to 80k but keep it in one account with the best interest we can find, we may move in the next year so to keep it Easy access. I setup a new Zopa account & got the notification it was verified today (takes a few days) but when I went to transfer they don't…
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ISA to credit card
I used my isa savings to pay some of my credit card off, but the amount paid off is a few pounds less than the amount i paid in. No mention of any transaction charges or anything. Is this an error or is the tax being taken out when I transfer, because I though isas were tax free?
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S&S ISA and Witholding Tax question / Assumptions (E.g. W8-BEN)
Hello, I'm looking at buying some NYSE listed shares to hold in my Lloyds S&S ISA. I know I'll have to complete form W8-BEN (and I'm familiar with that form because i have some shares in a US company already via my workplace) I'm assuming that from a UK ISA perspective, I don't have to worry about taxation because: a) the…
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Transfer ISA for cash-back
I have an offer of cash-back if I transfer an existing ISA to my 23-24 tax yr provider. Bit naughty, but if I setup a 24-25 tax yr no strings cash ISA with a new provider now, can I transfer that out almost as soon as it is setup? Are there normally any restrictions on minimum times held before transfer, etc.
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Managed or not
I took financial advice a few years a go and took out a Prufund ISA, charges a bit but does ok I think. However I read a lot about getting tracking low fee isas instead, global equities. I am so confused . I am sure this is not what an fa will say. Thoughts?
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Chip ISA and unable to close account
I opened a Chip ISA,
only to find that the Chip App wanted what appeared to be access to my bank
account incomings and outgoings. Not happy with having an App (and I
assume Chip staff?) looking at my bank account in this manor and monitoring my
life and transactions, I decided to close the account on the same day that…
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Chip ISA problem
Tempted by the Chip cash Isa offer, I downloaded the app, but have found it impossible to prove my identity. It suggests my driving licence (though spells licence incorrectly) but when I try to use this option, my android phone says the app has a bug in it and Chip need to sort it. I've tried messaging them to try to get…
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Cash ISAs: The Best Currently Available List
Cash ISAs: The Best Currently Available List **Please note: The list of ISAs I have compiled below is continually updated. New ISAs are added as they launch and withdrawn ISAs will be removed from the list. ** The current Cash ISA limit is £20,000 for the 2024/25 tax year. **As with any financial product, before opening an…
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£20k per year?
Hi, I keep reading you can save £20k in an ISA per year. Does that mean for 24/25 I can put in another £20k into a cash ISA, in addition to the £20k I already have in there which was paid in during 23/24? Or is £20k the most you are allowed to keep in the ISA account? If so why do they use the ‘per year’ wording?
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CHILD TRUST FUND
My sons CTF is due to be paid out in July 2024, He asked me to look at the balance, Barclays prosper. Value put in £250.00 Balance today £255.62 After 18 years this Balance must be wrong. What or who do I contact to check this out.?
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What is the interest on matured ISA’s
Hello, I have a question around matured ISA’s. I understand that you can put £20,000 in an ISA each year and that you can transfer matured ISA’s into one place. Is it just the first £20,000 that earns the interest and / or does the matured ISA’s earn interest as well? e.g. 2023 / 2024 £20,000 (matured) 2024 / 2025 £20,000…
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Plum Interest rate
Hi im wondering if anyone has had experience with Plum and transfering an exsisting Isa ? Ive just had my exsisting ISA from Santander to Plum made today £20000 , apparently with plum the rate from exsisting isas that are transfered in goes down to 4.29 % from the 5.17% Im just trying to figure out if i was to then add new…
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Lisa transfer question
Hi, my moneybox 12 month bonus rate will end in augest. Can I carry on paying into it up until then and then transfer it to a new provider to get a better rate in Sam tax year. Worried about the rule that you can only pay into 1 Lisa each tax year. Thanks
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LISA calculation of property value for shared ownership property
I'm currently in the process of purchasing a shared ownership property. I have a question in terms of how you calculate the 'full sale price' to see if it is under £450,000 and therefore eligible for the LISA bonus. In the GOV.UK Conveyancers: Lifetime ISA technical
guidance it states that: “A Lifetime ISA investor can…
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Cash ISA to S&S ISA Transfer in
Hi guys, Just wondering if transfer ins allow more than the annual £20K limit? TIA
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Lifetime ISA withdrawal when non-resident over 60
As I understand, if I hold a LISA and cease to be a UK resident, I cannot continue to add to it, but can leave it where it is. If I leave it where it is until I am 60 and then withdraw, are there any penalties on the UK side? For example, if one were a tax resident in a country with no CGT at the time of withdrawing (and…
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Website with calculator for different etf weighted region
Is there any website that calculate different etf region weight. For example 25% vusa 70% vwrp 5% vuke So how much % in us, European, UK etc etc