All Questions
16 questions
5
votes
1
answer
5k
views
Can I buy an overseas property using the bonus from a Lifetime ISA?
I have a Lifetime ISA but am looking to move overseas in the next few months. I am yet to buy any property and thus my first property purchase will most likely be overseas, can I use my Lifetime ISA ...
3
votes
1
answer
141
views
Cash ISA restrictions in the UK
I'm trying to understand the restrictions on putting money into cash ISAs in the UK. Currently, the government homepage says "Every tax year you can put money into one of each kind of ISA. The ...
- 284
1
vote
0
answers
53
views
Can I open a Help to Buy ISA, transferring a part of my existing Cash ISA, if I paid a small sum of money into that Cash ISA in this tax year?
I am aware that opening a new Help to Buy ISA is not possible when subscribing to another Cash ISA in the same cash year. On the other hand I've read that ISA transfers are not subject to this limit ...
- 161
1
vote
2
answers
183
views
What is the preferred account in the UK, an ISA or a 0.35% AER standard savings account for a £1,500 monthly savings?
I am aware of the £1,000 Personal Savings Allowance, adding this to the equation confuses me even more.
So which one would be more beneficial at the end of the year, consistently adding £1,500 every ...
- 187
1
vote
1
answer
318
views
Should I swap out my HelpToBuy ISA for a Lifetime ISA?
The UK government has recently released a new type of ISA, the Lifetime ISA, to help first time buyers, such as myself.
My goal is to save £100,000.
My current savings are (all figures are rough):
...
- 730
3
votes
2
answers
312
views
HTB ISA/ Lifetime ISA - combining them to use for a house deposit
I opened a HTB ISA with Halifax (paying 3.5%), as soon as they became available in December 2015, and have been contributing the maximum amount since. I then opened a stocks & shares LISA (with ...
- 839
1
vote
1
answer
429
views
Can I pay into a Stocks & Shares LISA as well as a regular S&S ISA?
I believe my confusion is to how a LISA is seen with regards to the law, compared to the other ISA types.
For example, I know you can pay into both a Cash ISA and a S&S ISA up to a combined limit ...
- 185
6
votes
1
answer
536
views
Which is more advantageous: Lifetime ISA or SIPP?
I should preface that I am a self employed sole trader in my early twenties, and a basic rate taxpayer averaging somewhere between £28-32,000 per annum. The variation not only arises due to the nature ...
- 185
5
votes
1
answer
162
views
Best ISA alternative [closed]
I currently save everything to a standard bank ISA... It gets terrible interest rates (<1.0%) so I am looking for an alternative to the usual bank provided ISA.
Right now I don't have the time or ...
- 153
3
votes
2
answers
18k
views
"Help To Buy ISA" - £200/month a hard limit?
I have recently moved back in with my parents with a view of saving £500-600 a month to put towards a deposit on a house. I am looking at getting a Help To Buy ISA through one of the UK banking ...
- 131
3
votes
3
answers
358
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, ...
- 195
1
vote
1
answer
637
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 ...
- 183
3
votes
1
answer
118
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, ...
- 190
6
votes
3
answers
505
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 ...
- 583
3
votes
1
answer
2k
views
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.
...
- 539
5
votes
1
answer
220
views
Year end for ISAs, is it worth squeezing more in quickly?
I opened an ISA about a month back (only have £110 in it at the moment)
Tax year ends on 5th April, I could afford to put £1000 in my ISA, I would be skint until the next payday at the end of April ...
- 2,044