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ISA and savings advice
This is not my strong point, so probably a stupid question but I’m going around in circles. I earn under 50k per year (part time salary and NHS Pension combined) I have an easy access Savings account (around 4.5% interest) with aprox £75k in it. I’ve got a NS&I cash ISA opened in 2019. It has almost 20k in it, about 18k…
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Virgin Money Cash ISAs from 6/4/24
I have just read the following from Gov.UK. 1.2 Allow subscriptions to multiple ISAs of the same type, except for Lifetime ISA and Junior ISA This change is not mandatory, and managers can choose to limit subscriptions to only one ISA held with them in any tax year. Does anyone know if Virgin Money will be allowing…
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Charter Savings Bank
Hi all, hoping for a little help/peace of mind from anyone who uses the above. I have been going through the process of opening a cash ISA with them as I am attracted by the monthly interest payout and flexible withdrawals. I intend to deposit the full £20,000, but I’m a little concerned that the bank seems quite ‘oldy…
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Kent Reliance 1 year fixed rate ISA
I opened this ISA last December. Ive read the t&c's for the Kent isa and ask am I understanding them correctly ? They seem to permit additional deposits up to the annual limits. So, from April 6th can I deposit another £20k into the account ?
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Boost a new Cash ISA
If I open a new (not fixed rate) Cash ISA in the next tax year (24/5), investing the full £20000 with new money, can I also, once the isa is opened and funded, transfer money into the account from a different cash ISA which I have held in previous years?
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Best way to combine multiple fixed rate ISAs?
I like having a fixed rate on my savings and though a mixture of my and banks messing up I have about 4 ISAs that mature in different mouths Given the latest will mature well after the transfer window on any new ISA, and id be penalised due moving out of the fixes, it's not straightforward I'm assuming the best way will be…
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Maturing Fixed Rate Cash ISA
Good morning, So, I have 20K in a one fixed rate cash ISA with Charter, which matures on 06/04/24... I have a about 2K currently sitting in an easy access cash ISA with gatehouse... I'll be looking to put another 20K (24/25 allowance) into another cash ISA around the middle of May... I would like to combine all into one…
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Flexible Cash ISA Rules
I have a Virgin Money Flexible Exclusive Cash ISA which I subscribed to in 2021:2022 I continued to add and withdraw from this account in 2022:2023 but always keeping below the balance held at midnight on 5th April 2022. In January 2023 I subscribed to the VM Exclusive Fixed ISA which is on the same platform as the…
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Advice on transferring out cash isa at end of fixed term
I’ve got a fixed rate cash isa maturing on 4.4.24 and want to transfer out to another provider. There’s a fee for withdrawing early which I want to avoid. Is the only way of being sure about this to wait until maturity before instigating the transfer, or is it generally safe to begin a transfer a week or two beforehand?…
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Adult isa
Distributing money into an isa for our three adult children. Am I limited to the £3000 gift allowance or can I do the 7 year rule between my wife and myself and put extra money in?
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ISA Query
Hi. I currently have £20,645.67 in my Virgin cash ISA. It is saying in a window on my account page that I have £20,000 of my allowance to use by 5th April? I thought 20K was the max and that the £645.67 over this would be taxable at my personal tax allowance rate if my total savings were over £1000? Anything else I need to…
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Opening ISA 2024
Since April 6th is a Saturday do we have to wait until the 8th to open this year's ISA?
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Transferring an ISA from one provider to another whilst living abroad
Hello all, has anyone had any success in transferring an ISA from one provider to another whilst abroad? Legal & General will no longer be offering ISA's and I'm thus looking for an alternative provider. The challenge I'm having is that all the providers that I've reached out to thus far are not willing to accept a…
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Move non-flexible ISA to flexible ISA?
I understand that with a flexible ISA you can take out money from this year and/or previous years, and if you pay it back within the tax year it doesn't affect your allowance. Therefore, if I want to 'borrow' money from a non-flexible ISA for a few months (within one tax year) without losing the ISA allowance, can I just…
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UK ISA £5,000 Consultation.
Looks like anyone can put in comments on this wonderful UK ISA 5K ploy. Last year IIRC, I contributed some views on the LTA removal, but they replied they didn't really want views from individuals, but looking at the link below, looks like they want individuals to comment. It will be interesting to see how this UK ISA 5K…
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ISA And Dealing costs
I am on the iweb platform and they charge £5 per deal . If come April I want yo invest £20k into a fund for S&S ISA would I be able deposit £20005 or is the £20k allowance including dealing costs. Thank you.
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Stocks and Shares LISA Transfer
I have a Stocks and Shares LISA and a Help2Buy cash ISA). I want to simplify things by moving the Help2Buy cash ISA into my Stocks and Shares LISA but the provider doesn't accept transfers. I then thought about opening a new Stocks and Shares LISA with another provider and transferring the existing LISA and then the H2B…
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Not used Allowance ?
hi guys sorry for stupid question. Can i put in 20k on the 3rd April then another 20k in 6th April. into same one year fixed account rate. although separate tax years. never had isa b4
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Having a second ISA
At present I have a fixed 2 year ISA finishing this October, if I take out money I loose 180 days interest at 36% my question is 1/ can I open another ISA not a fixed just an ordinary one with instant access 2/ if I can open another ISA can I transfer money from my fixed to the new one without being charged a penalty,if I…
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Stupid LISA question
Apologies for the stupid question. if my daughter opens a LISA today, will she get the bonus before the end of the tax year, or should she just wait? thanks in advance