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Halifax to Virgin ISA Transfer timescales
Apologies if covered before but couldn't find anything. I currently have a Halifax 1 year fixed rate ISA due to mature 6/4/24. Wanting to lock in the Virgin 5.25% rate by transferring my existing pot to them and contributing further £20k 24/25 tax year. If I open the Virgin now and initiate the transfer what is the…
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ISA Query
Am I right in saying that it is the time at which you deposit money into an ISA that determines the tax year and not the time at which you open the account. I would like to lock in the 5,25% Virgin ISA rate (one year) now but not dpeosit the money until after the new tax year has started (6th April). I have already used my…
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ISA transfer advice needed
I have two old ISAs earning next to nothing in interest and also want to start a new one this financial year (before Apr 6th 2024) I have read loads of threads and other savings advice but can't seem to find (or perhaps can't understand) what I need to know If I use up this years allowance of 20k starting a new ISA, can I…
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Cash ISA with Virgin Money
If Nationwide are buying Virgin Money how come I cannot benefit from the one year fixed rate that Virgin money are offering which is better than Nationwide because I dont have an account with Virgin money
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Does interest compound
I am not sure what to do. I have an ISA opened last year with moneybox at 5%. I will have money to invest £20000 in a new ISA. Moneybox have opened a new ISA in 2024 at 5.11% but they will not allow 2 cash ISAs . Do I gain anything by putting my money into the same ISA or should I transfer to a new ISA with a different…
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Switching ISA from NS&I
I am an 18y/o looking to move from my NS&I cash ISA to a fixed term ISA for 2 years. I looked at switching to OakNorth however they said they are unable to transfer with NS&I. What would be the best place to look at transferring to from NS&I for a 2 year fixed ISA and when would be the best time to switch? PS. I don't…
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Fixed and Variable ISA in Same Year
I've not been able to find a definite answer to this. Earlier this year I took out a fixed rate cash isa but didn't use my full £20k allowance. Can I open and contribute to a variable rate isa or another fixed one this year to use up my allowance. If so, do I have to open it with the same institution or can I use any?…
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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…