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Questions tagged [isa]

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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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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3answers
5k views

What happens if I make an unintentional over payment into a UK Cash ISA?

I have a UK cash ISA, but have lost track of whether I have transferred all the money that I am allowed to for this tax year. What happens if I try to top up a cash ISA, when I have already used my ...
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1answer
441 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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1answer
370 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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545 views

How can I find a list of self-select stocks & shares ISA providers? [closed]

I am looking for a ISA provider where I can invest in the UK and the US stock market, has anyone got a list with charges and links. (ISA are only of interest to people that live in the UK)
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1answer
120 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 ...
7
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1answer
183 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 ...
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397 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
1k 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 though ...
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2answers
198 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 ...
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1answer
295 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 ...
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8k views

US ISA equivalent for tax exempt investment & savings

In the UK you can put up to £11,520 per year into an Individual Savings Account (ISA). This account allows you to invest in stock, unit trusts, index funds etc. and all income and capital gains are ...
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99 views

Protection against loss of investments if a fund provider fails

What would happen to my pension or ISA investment in a fund (such as Vanguard LifeStrategy 60) if the provider of that fund failed and went out of business? I understand that FSCS protects against ...
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1answer
2k 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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3answers
251 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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3answers
4k views

UK ISA status after moving to USA: Would the IRS charge tax on my ISA?

If I were to move from the UK to the USA and leave my tax-free savings accounts (ISA's) open in the UK, with the intention to returning to the UK after 2 years, what would the status of said ISA's be ...
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1answer
201 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 ...
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2answers
1k views

Starting an investment portfolio

I am looking to start an investment portfolio with around £1000 of my savings going into the stock market and was wondering how I would go about doing this. I would like to spread this money across a ...
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1answer
328 views

How much tax can you save in a UK ISA?

How much tax can you save if you invest £5100 in a UK ISA?
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1answer
588 views

Is it possible to trade in UK's investment ISA after moving abroad?

I am EU citizen and the resident in UK holding an investment ISA. I will be moving back to my home country this year and I was trying to find out whether I would still be able to trade in my ISA after ...
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1answer
187 views

Stocks and Shares ISA: What are the options for “near cash equivalents”?

What are the options in terms of 'near cash equivalents' that you can hold in a stocks and shares ISA?
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1answer
208 views

What are the tax implications of liquidizing an ISA holding? (UK)

In other words, what, if anything, stops honest taxpayers from filling up all of their stock&shares, and money ISAs, removing it from being a tax liability, then liquidizing it immediately?
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1answer
129 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 ...
4
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1answer
325 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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2answers
170 views

Investing in stocks & shares ISA- when to make deposits?

To start with, let me say that I am very new to investing- have no prior experience of it... Last year, I opened a stocks & shares ISA for the first time (it is a Lifetime ISA), and my intention ...
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1answer
294 views

Lifetime ISA: What are the chances of a reputable Bank offering it?

Since the Lifetime ISA was announced I've been searching for a reputable bank that is going to be offering it out. It is a fantastic scheme and I would love to open an account. However, none of the ...
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2answers
733 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, ...
4
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1answer
256 views

Does it make sense to invest in multiple index funds?

The UK based investor here. I haven't found anything under "Multiple index funds" search criteria thus decided to give it a go, if there is already a similar question/answer would love to get a link. ...
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1answer
64 views

UK ISA once invested can it be spilt but kept in ISA state

In the UK ISAs are protected from tax, both income and capital gains, and they can be transferred between investments. During the current tax year (2017/8) investments are capped at 20k a year. A ...
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1answer
192 views

What problem is the Help To Buy ISA designed to solve?

The Help To Buy ISA can't be used for the initial deposit on a house (or rather the Government bonus, the Help To Buy ISA's raison d'etre can't be). Given that saving the initial deposit is the ...
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1answer
126 views

Can I max out my LISA with one payment before the end of the tax year?

I was just wondering whether it would be possible to max out my LISA contributions (£4000) just before the end of the tax year (or any other time before the end of the tax year)? Would I still get the ...
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1answer
537 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 ...
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1answer
239 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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1answer
214 views

Can you consolidate ISAs from multiple places?

I have an ISA with company A, and company B, because they offered good rates at the times I opened the ISAs. I know it's possible to transfer an ISA, but can you transfer ISAs from multiple different ...
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2answers
175 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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1answer
102 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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139 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 ...
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1answer
71 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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2answers
101 views

Can I open a cash ISA and a stocks and shares ISA and invest in both in the same financial year?

I was wondering if that is possible because I am about to open a Cash ISA and I also want to invest in stocks this year.
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3answers
456 views

What happens when I move my ISAs?

I’m looking at opening an ISA (stock & shares), and I started wondering what happens with the perks (tax free) when I move ISA accounts around. For simplicity let's assume that ISA allowance is ...
3
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1answer
115 views

What happens to money in ISA after the tax year ends?

The Individual Savings Account scheme allows UK residents to save up to £20,000 tax-free each year in an ISA. The interest, income or capital gains from this account are tax-free. Suppose I have put £...
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1answer
83 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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1answer
132 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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2answers
119 views

Advantages of opening an ISA account one week before 5th April

Are there any advantages of opening an ISA account before 5th April if I don’t plan to deposit any significant amount before that day?
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3answers
195 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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2answers
93 views

Stocks and Shares ISA: fees, taxes, portfolio size

Is an ISA of this kind worth it for a portfolio < £2000? If so, are Stocks and Shares ISAs subject to any not-so-obvious fees for someone without previous experience (i.e. overnight fees)?
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1answer
145 views

I make monthly payments into one ISA, does that mean that I can't pay into my other one in same year?

I was just reading that (in the UK) you can only pay into one of your owned ISAs per year. I have a Help To Buy ISA and a separate Stocks & Shares ISA. I pay the maximum contribution of £200 into ...
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2answers
4k 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 ...
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3answers
287 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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2answers
65 views

Can I transfer money away from an ISA provider while still paying into their Help to Buy ISA each month?

I have a Help to Buy ISA and a regular Cash ISA with one provider, A, who treat both products as one ISA under one wrapper. I've got another older Cash ISA with provider B who over a better interest ...