Help to Buy ISA guide
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Purplepennies wrote: »I am in a similar situation where my partner and I pay monthly into my isa, does this mean we both we would have to get split ISA S? It's still a little confusing.
ISAs are individual savings account so you have to have one each and can't split one between you.Remember the saying: if it looks too good to be true it almost certainly is.0 -
Thanks.
1) So I should open a HTB at the highest rate with £1200 and then continue with £200/month until in a position to buy...
2) However doing this with say, Halifax I am unable to further save Tax free until April?
3) And any other savings I have should go into a high interest bank account which is taxed?0 -
1) So I should open a HTB at the highest rate with £1200 and then continue with £200/month until in a position to buy...2) However doing this with say, Halifax I am unable to further save Tax free until April?3) And any other savings I have should go into a high interest bank account which is taxed?0
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Can someone help me please, if I go for the halifax htb isa that is offering 4% but buy a house in less than a year do I loose out on earning 4% tax free because this is paid annually?0
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I'm tempted to run to the bank and set up an ISA now but would the best deals be coming after Christmas when people start thinking more about buying a house?0
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I'm tempted to run to the bank and set up an ISA now but would the best deals be coming after Christmas when people start thinking more about buying a house?
If you think you'll wait to get much better than 4% then I think you'll be waiting a very, very long time.Remember the saying: if it looks too good to be true it almost certainly is.0 -
Hi all, I like to think I'm clever enough to understand all this but I'm still a bit stumped. If anyone could simplify what I should do I would be really grateful.
I opened a cash ISA with my bank (HSBC) in January 2015 (Tax year 2014-2015)
Since January 2015 I have paid just over £6000 into the ISA
I understand that I can open a HTB ISA as I've not opened a cash ISA this tax year
I have however paid into a cash ISA this tax year (2015-2016)
Does this mean that I need to have a split HTB ISA & Cash ISA
Or can I transfer the initial £1200 into a newly opened HTB ISA for the first month and keep the rest of the money in my current cash ISA (or transfer to an ISA with a better rate)?
I hope this makes sense!!! Many thanks in advance0 -
Since January 2015 I have paid just over £6000 into the ISAI understand that I can open a HTB ISA as I've not opened a cash ISA this tax year
I have however paid into a cash ISA this tax year (2015-2016)Does this mean that I need to have a split HTB ISA & Cash ISAOr can I transfer the initial £1200 into a newly opened HTB ISA for the first month and keep the rest of the money in my current cash ISA (or transfer to an ISA with a better rate)?0 -
Hi, regarding the issue of not being able to get the bonus if you rent out the property. I am currently not planning to rent out the house which I buy with the HTB ISA but because of work I may have to move and would probably rent out the property and rent somewhere else closer to my new place of work.
How does the HTB ISA work in this case? Is there a minimum period before you can rent out the property? Would it be expected to pay back the bonus somehow?
Thanks in advance.0 -
My boyfriend owns a home and I am looking to buy half of it and have a join mortgage on it, would I be eligible or would we need to be moving?0
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