An ISA is a financial product available to residents in the United Kingdom. It is designed for the purpose of investment and savings with a favourable tax status.

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How does cash ISA & share ISA mix together

I am trying to understand the ISA concept in the UK. I think I understand cash and share ISA separately but I do not know how they mix together. Right now I have on a cash ISA 15K£+15K£ (Y-1+Y0). ...
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147 views

Easiest way to diversify savings

Finance has always been a bit of a black art beyond current and savings accounts, so I'm hoping this makes sense. In light of the possibility of Britain leaving the EU (that isn't the actual reason, ...
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149 views

How to minimise the risk of a reduction in purchase power in case of Brexit for money held in a bank account?

With the Brexit referendum looming, one of the foreseen consequences in case Britain leaves the EU is a diminished purchase power for the British Pound Sterling. What would be the best way to ...
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57 views

What happens in the 2nd period of an ISA? (UK)

I'm sorry if this is a duplicate, I tried to search for similar questions but I'm not sure what the correct terminology is! I've been curious about an ISA for some time now and it seems that they are ...
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69 views

help-to-buy ISA and additional cash ISA

I am researching the help-to-buy ISA scheme. The average variable rate is set on 2% for most banks, however some banks offer extra but they put a further condition on it that you cannot hold an ...
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41 views

Which first time Stocks and Shares ISA for UK, frequent trader UK markets? [closed]

I want to open a stocks and shares ISA. At present I have a sharedealing account with X-O (www.x-o.co.uk) and I’ve been making 1 or 2 deals per month. I’m approaching this as a long game and sticking ...
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119 views

Is there a trick with ISAs in the UK

I was looking on ISA faq on moneysavingexpert and I noticed the following: I do not understand the trick, say I put GBP100 on a 3% account and that ISA pays 1%. Can I NOT pay tax on the GBP3 I made ...
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157 views

When should one use the new lifetime ISA in place of investing in pension?

Assuming that I am not interested in purchasing a flat using lifetime ISA, is it ever advantageous for me to put money into it in place of a pension? Since lifetime ISA gives 25% tax relief on ...
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65 views

Is there an accepted standard for how US tax system treat UK ISAs for expats?

For US citizens living in the UK, the US tax system treats UK pension contribution and withdrawals pretty much like the UK does. Tax-free contributions, taxes due on withdrawals. Just like a ...
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129 views

Suggested ways to save for a comfortable retirment in the UK given the lifetime allowance limits on pensions?

I've heard the rumor that this March's UK Budget will lower the Lifetime Allowance (LTA) from £1M to £800k or even less. They might index this for inflation. That seems to me to be a pretty low ...
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82 views

Can I open a Help To Buy ISA if I've already opened a cash ISA this year? Are all HTB ISAs Cash ISAs?

Suppose I've opened a cash ISA this tax year, and I top it up every month. It's not yet reached the yearly maximum of £15,240. As I understand it, I can't open a second cash ISA this tax year, but I ...
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31 views

Help to buy ISA (UK) eligability [duplicate]

We are currently saving for a mortgage deposit, I have already sent off my help to buy application as a first time buyer. We are unsure as to whether my girlfriend is eligable. She previously had a ...
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129 views

Saving into 'Help to buy ISA(s)' with partner

My partner and I are planning to buy our first house in the next 2-3 years. This month the UK Government has opened up help to buy ISAs which give a 25% bonus on top of what you deposit in up to a ...
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1answer
79 views

Buying shares- Stocks & Shares ISA, or Fund & Share account?

While researching where to invest some capital (currently in fixed term savings, but will mature soon), someone I spoke to at my bank mentioned that given how low interest rates are on savings at the ...
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119 views

Applying for “Help to buy” ISA. Asks for TIN number. Should I worry? (UK)

I applied for a Halifax "Help to Buy" ISA (UK Government scheme). I was born in the USA (but have not been a resident since I was 4 years old, now 26 and my parents are British) so I entered that was ...
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1answer
498 views

My girlfriend has never owned a house, I have, can she get a help to buy isa?

this is a follow on from my previous question: What is the definition of a “first time buyer” with relation to the UK “help to buy isa”? So the Help to buy ISA has arrived. Having had a read ...
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56 views

Short Term Strategy For Maximising Savings AsAlternative To ISA

I have been saving for about 10 years, putting the maximum into a cash ISA every year I have been able. I currently have around £50,000 in there. In approximately 2 years I plan to buy a property, ...
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561 views

Any US tax implications — transferring UK ISA balance to USA

My wife has an e-ISA in the UK, from her time living there. It is a savings ISA, not a shares ISA. It is earning very low interest. For ease, I'd like to transfer the money to our USA accounts so ...
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47 views

Funds supermarkets transaction time frames - are all so vague?

When I was buying funds through fund supermarket time frames given were very vague. Trade was supposed to be executed at next "transaction point", without much description when is it. I am guessing ...
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2k views

What is the definition of a “first time buyer” with relation to the UK “help to buy isa”?

I'm very interested in the soon to be released "help to buy isa". I'm unclear on the definition of a first time buyer. I have owned a house (with my ex wife) but I am no longer on this mortgage, ...
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69 views

Any Drawbacks To Changing ISA

I currently have an isa that I have had for many years, the freedom of its movement has been a blessing. However I recently received notice that not only will the account no longer permit standing ...
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56 views

How to find a suitable investment product for my ISA?

I'm looking for a specific kind of ISA product and simply can't find what I want. Here are my requirements: An ISA (I don't mind what type so long as the rate's 1.5%+) Lump sum initial payment (from ...
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2answers
502 views

do I need to close my existing ISA if I plan to open a “Help to buy ISA” in the Autumn?

I currently have a cash ISA. I'm very interested in the new Help to buy ISAs that are supposed to be arriving in the Autumn as I am saving in my existing ISA for a house. The interest rates are much, ...
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72 views

How can I diversify investments across currencies in ISA?

Is it possible to diversify investment in ISA by buying foreign currency, funds denominated in other currency than GBP, or other investment product that can hedge GBP value moves?
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105 views

UK Income tax relief for ISAs: How does the sheltering of earnings work?

I have been led to believe that earnings may be 'sheltered' by placing some amount of them into an ISA. I've not been able to find a great deal out about this, and I don't have a personal accountant. ...
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1answer
86 views

UK: How to *leave* self select stock and shares ISA (without selling the shares)?

I have decided I no longer wish to pick my own shares (too much effort) but want to keep those I already have in ISAs from previous years. Thus I think I need some kind of holding service for my ...
2
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1answer
52 views

Investing in a property fund vs a “feeder” fund

Legal & General operate a UK Property Fund. When searching for a place to invest in this fund, most websites offer a "feeder" fund instead, such as Charles Stanley. What is the difference between ...
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1answer
165 views

Best way to make most of savings with ISA and Offset mortgage

I currently have an offset mortgage and also ISA stocks and shares account. The mortgage is only small as the property wasn't expensive and I placed a large deposit (40% of property) down. I have ...
2
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1answer
107 views

What happens with an accidental excess contribution to an ISA?

I handle joint internet banking for myself and my husband. Our online account happens to have been created using my husband's personal details. While logged in under this account (as usual) I ...
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1answer
101 views

What are the tax implications on selling the Share ISA portfolio?

I am new to Stock and Share ISA investing. I am planning to make use of the New ISA limit of £15000 from this year. I am aware that the profit or loss made out of Share ISA is tax free. Does this ...
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103 views

How poor an idea is it to transfer out of an ISA before the interest is paid?

I currently have a Barclays issue 1 ISA, with around £8000 in it. I opened it in August 2014, and it pays 1.29% AER/1.28% tax free pa. At the time of opening it, I hadn't researched investments and ...
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1answer
67 views

What money is ISA interest actually calculated on?

Say at the end of year 1 I have a cash ISA with annual interest maxed out at £15,000 (I'm not certain of the exact maximum) For that year, suppose I am paid tax free interest at 2% so my balance is ...
6
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1answer
152 views

How does ISA allowance cumulate over time?

I don't understand how the ISA allowance cumulate (if it does) over time. Suppose I use the entire allowance for 2014. So I will have in the ISA 15k £. What happens in 2015? Suppose no P&L was ...
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2answers
104 views

Any sane way to invest in both funds and stocks with UK ISA?

I wish to invest in both stocks and funds within an ISA. However the fund supermarkets all seem to charge an annual fee even on stocks. Yet there are stock trading isa accounts that have no fee. So I ...
6
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1answer
70 views

UK ISA - Can Only contribute to 1 provider a year?

HMRC has a rule that you can only pay into one stocks and shares isa in any given year. But what if I transfer this years part funded ISA to another provider. Can I continue to pay into the new ...
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133 views

Student Loan versus Cash ISA

I have taken out a UK student loan several years back whilst studying, it was interest free at the time, but now a low interest of 1.5% APR has kicked in. I have scraped together enough to pay this ...
4
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1answer
184 views

Are UK cash ISA's cumulative?

I have opened a Cash ISA recently and I don't seem to understand how they calculate the ISA earnings. So as an example, suppose I have a cash ISA maxed out at £5,940 (I know this is going up in July ...
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77 views

ISA - intra year profits and switching process

I would like to open an ISA account to invest in funds and I see that the maximum allowance is increasing to 15,000 GBP in few months. My understanding is that all incomes generated in the ISA are ...
2
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2answers
591 views

ISA trading account options for US citizens living in the UK

I am looking for an ISA trading account that can be opened by US citizens that are UK residents. There seems to be a general trend towards brokers in the EU not wanting to do business with US ...
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3answers
212 views

UK: ISA or regular savings account?

I am not a very savvy investor, am new to ISAs and was wondering: where would be the best place to put £10,000 right now (March 2014)? ISAs have tax benefits, but in general don't seem to beat ...
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1answer
93 views

(United Kingdom) Multiple Stock ISAs?

I have a simple question that I couldn't find the answer to elsewhere: If you hold a stock ISA and reach the FSA protection limit (£50k/individual) in invested monies, is it then okay to (next tax ...
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1answer
401 views

Can I short a stock in UK using a shares ISA?

If not please advise on other straight forward method (hoping I don't have to open a complicated account for this). Thanks
3
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2answers
122 views

Is an in-kind transfer of existing shares into a Stocks and Shares ISA allowed, i.e. without selling + repurchasing?

Normally, the way to fund a Stocks and Shares ISA is to transfer money in, taking care to stay below the annual limit, and then purchase the stocks or funds from within the ISA. What happens, though, ...
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1answer
1k views

Return of value to shareholders in an ISA

Note I am situated in the UK. I hold a number of Vodafone of shares in a stocks and shares ISA. My broker has issued the following message to me: Vodafone has confirmed plans to sell its stake in ...
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Should I move my UK ISA balance into an Australian savings account prior to emigrating?

I have around £6000 in a Santander UK easy ISA, the interest rate on this is 0.10% as listed here I'm planning to emigrate to Australian in the next year, so will be setting up a bank account soon. ...
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1answer
119 views

Can I open two cash ISAs in one year, or for new savings and one for transfer?

This is slightly different to my earlier ISA question, and relates to the current market conditions where best-buy ISAs often have 1 year bonuses, and may not accept transfers in. Consider the ...
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142 views

Are you allowed to start paying into an ISA, transfer, and then pay into the new one?

As I understand it, you are only allowed to pay into a single Cash ISA in a given tax year. What I'm wondering is how that fits with transfers part way through the year? For example, if I open a new ...
4
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1answer
60 views

What is the market rate of non-cash ISA fund administration fee in UK?

A friend of mine suggested a plan that takes a 1% administration fee (from the assets deposited) regardless of the type of investment you make (stock, bond etc.). This sounded quite high from my ...
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100 views

Cashing in a Self Selected Stocks & Shares ISA

If I wanted to cash in my ISA today, what taxes would I have to pay and what percentages would they be? I think that if the value of the ISA is about £10,600, only then would I have to pay capital ...
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86 views

UK Stocks & Shares ISA - Annual maintenance charge

I've been thinking about starting a UK Stocks & Shares based ISA. I am planning on using my Banking company to start the ISA with. I understand that they have a 2% annual maintenance charge for ...