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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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ISA virgin....(Not R.Branson, just a newbie)
Are cash ISA interest payments tax free? Are any "easy access"? Is interest paid monthly? is 5% achievable? TIA
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Investing gross or net of interest?
Hi I'm planning to to open a 1 year fixed term cash ISA that pays interest annually at maturity, and transfer in from previous years' ISAs. I want to ensure I get the full £85k protection from FSCS. So: 1. Can I transfer in the full £85k initially and because the account only pays interest annually my balance would be £85k…
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Is it worth withdrawing existing investment accounts and reinvesting into ISAs?
In the last few years I set up a few different investment accounts on different platforms and invested a relatively small amount into each... * A Nutmeg Stocks & Share account. * LoanPad P2P Lending account. * Kufflink P2P Lending account. * Crowdproperty P2P Lending account. But even though all these platforms offer ISA…
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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 New ISAs are added as they launch and withdrawn ISAs will be removed from the list.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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Lifetime ISA
I am divorced and no longer have the family home as an asset, my ex-husband brought me out. I had a considerable amount of debt so no longer have that money. Can I class as a first time buyer again with regards to the government Lifetime ISA?
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Flexible ISAs: Current year subscriptions can no longer be replaced in a different ISA
This came up in a thread on the main savings board, but I thought it worthy of its own thread, as several forumites make use of ISA flexibility to move money between their various ISAs and it has been the subject of quite a few threads in the past month or so. Original thread is:…
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Multiple ISAs one provider?
Are there any providers that offer opening multiple ISAs (e.g. 2 Cash and/or 2 S&S) within the same tax year? Why? I want to save money for my kids and don't want them to gain control of it when they are 18 (as with a JISA). I don't mind it taking from my own allowance (as unfortunately I won't reach it) and having…
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LISA for a “fixer upper”
Hi all. I’m a first time buyer and had my LISA for a number of years. I’m intending to purchase a house that is fairly run down/dilapidated that I want to fix up. I intend to use my LISA to use as a deposit on a mortgage. If the mortgage I could get is higher than the value of the house, am I able to use some of the…
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Shawbrook fixed term ISA T's & C's query
It has been mentioned in a few threads that the Shawbrook fixed term ISA is unusual, as it has no 15/30 day fixed funding window. In the T's & C's of the three year fix ISA it says . Please note that the Bank reserves the right to withdraw this product at any time. If the product is withdrawn, you can continue to put more…
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Drip-feed from Cash ISA to S&S ISA
In the new tax year I plan to add £10,000 to a fixed Cash ISA and £10,000 to my existing S&S ISA (HSBC GIC). Under the new rules, am I allowed to additionally open a flexible easy-access Cash ISA, fund it with the £10,000 intended for the S&S ISA, then use that to drip-feed the S&S ISA? Thanks in advance for any replies.
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ISA transfer to ZOPA - FAILED
Hi everyone, I was looking for some help/advice on what I should do next? I tried to do an ISA transfer mid December when Zopa started taking transfers, It still hasn't been completed and I currently have no access to my funds. After complaining to Zopa, I found out their system had no tolerance to accept funds greater…
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Moving S&S ISA Same Year
Hello, I have maxed out my ISA this year 50/50 between S&S ISA and Cash ISA. I am not so keen on the provider for my S&S ISA. Can I sell my S&S and move the money to another provider this year? Also, same question but for cash ISA if I find a better rate if that happens.
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Plum...Is it just me ?
Eventually got round to setting up a cash ISA as I realised I was going to end up paying a fair bit of tax on one of my savings accounts which was bringing in over £100 a month in interest. Plum seemed the obvious choice but I just can't believe what a guddle it turned out to be. You have to link a current account etc…
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How do Flexible (Easy Access) ISA's work with the New Rules (24/25) ?
I appreciate that Easy Access Flexible ISA's have previously given you the opportunity to: * Add in cash (into Easy Access Flexible) up to the ISA limit (£20k) * Take it all out again * Add back in (same account) within the same Tax Year (up to £20k) My question is, now that you can subscribe to multiple cash ISA's in the…
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NEW ISA Rule 2024
Hi, can you save with multiple providers of 2024/25 Cahs ISA? For example. You save 5000 with one bank cash ISA and save another 15000 with another bank cahs ISA. Both added same or less than 20000 limit. I think HMRC allows save same type ISA with different providers from 2024? Thanks
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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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Interest on Flexible ISAs during the year?
How does interest earnt in a flexible ISA work if you withdraw it? I.e. you would end up with more than 20k due to interest earnt, but if you withdrew it can you put the interesrt back in?
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ISA Providers; Are most choosing to ignore the Chancellor's new ISA Reforms?
I contacted the provider of my Innovative Finance (flexible) ISA because I was having difficulties finding any providers of an easy access ISA that would allow me to make partial transfers-out to Proplend in accordance with the 10 Nov 2023 ISA reform Newsletter issued by the UK Chancellor in readiness for the New Tax Year,…
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First ever ISA just finished - new lower Interest rate today - what do I do please?
Hi There, Sorry completely new at this. 2023-2024 opened up my first ISA (Santander) fixed 1 year 4.15% ISA and managed to put in 10,830.57 before it closed last summer. Today (1st May) this ISA rate dropped to 1.2% and still only has the 10,830.57 in it Santander says tomorrow that I will be given the Interest (I presume…
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General investment account ,ISA and SIPP
general investment account ,ISA and SIPP on abrdn platform can i move money from the General investment acct to the ISA without capital gains tax issues?