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Isa transfer
I took out a fixed rate ISA last August. I want to start a new ISA for this upcoming tax year. What is the best thing to do when my existing ISA fixed rate deal ends? Can I transfer existing ISA into new one in August? Is that possible? Or do I /can I, open another ISA in August and transfer it over then? Thanks
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Withdrawal of recent funds put in AJBell LISA?
A friend has been told they are being made redundant in the near future 😳 They put a £2k into their AJBell LISA just before the end of the tax year (obviously before they were aware of the redundancy threat😔). I know the LISA rules mean they cannot withdraw without penalty (clip from AJBell document explaining it). Would…
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Flexible cash isa +S&S Isa
I deposit £250/ month into a S&S isa. Can I open a flexible cash ISA with 20K and reduce my cash ISA holding by £250 each month so by month 12 I have 17K in the cash ISA and will have invested 3K into the S&S ? Similarly, If I decide to invest more one month into the S&S can I just offset but reducing my cash isa by the…
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Is there a tipping point from when to switch from a % based ISA to a fixed fee ISA?
Hi, I have been saving in a vanguard ISA for many years and the amount has now reached a fair amount. Given that Vanguards' fees are a % of the total assets with them, my fees have grown with the value. Due to this I was wondering if there is an easy way to know when to move my assets into another provider such as…
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Concerns re Plums lack of transparency
I opened an account with Plum on the 6th of April using the app.I wanted to transfer £20,000 for 2024-2025 cash ISA and had to do this in blocks of £5000 from my Chase account.This money has only just been taken from my Chase account (12Apr), but it doesn’t show in my Plum account and when I contact them they said it takes…
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Overpayment
I stupidly started a new S&S Isa on 1 April rather than after 6 April. The provider is treating the payment as 2023/24 which takes me over the £20k limit. They can't won't shift it to 2024/25.HMRC has said not to try and 'fix it' myself. What to do? Do I only pay the balance into the ISA this year or continue paying into…
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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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Fractional ETF shares in a S&S ISA?
Hi. Apologies if this has been covered before, but are fractional shares in ETFs allowed - by HMRC - in a S&S ISA? I know the government plans to allow fractional shares to be held at some point, but is the current issue that HMRC has with them limited to company shares only? Thank you.
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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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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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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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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 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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£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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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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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