Personal Finance & Money Stack Exchange
Personal Finance & Money Stack Exchange

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.

From the Wikipedia article on Individual Savings Account:

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. Money is contributed from after tax income and not subjected to income tax or capital gains tax within a holding or upon withdrawal. Cash and a broad range of investments can be held and there is no restriction on when or how much money can be withdrawn.

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Have I left investing until too late?

I'm 44 and have only the investment of a house. I was scared off ISAs (individual savings accounts) etc because of the complexity, choice, etc and only now have I come to make the decision to open an Investment ISA. I'd like to have enough money…
Matt W
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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, the house is purely in her name now. My girlfriend…
user24734
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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 generated in 2014. At that point I already have an…
opt
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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 yealy quota?
user5234
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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 investment, this is the same as it being tax free for…
SMeznaric
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What is the difference between these 2 S&P500 tracking iShare ETFs?

Relevance of the following discussion How can a investor from the UK invest in the S&P500 without being exposed to currency risk? There are at least the following two low cost ETFs. If I had only seen one of them (or rather if only one existed) I…
cmhteixeira
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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 the move. The Government website only says that…
mac13k
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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 free of tax. Crucially, there is no requirement…
Gus Paul
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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 provider? Or perhaps I should just fill it up with cash…
Codek
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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 cash ISA in late April, and begin paying into it.…
Gagravarr
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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 of my consultancy work, but also because I…
Talisman
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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 the documents though I'm still unclear on whether…
user24734
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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 that (1) I can consolidate our savings, and (2)…
T. N.
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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 loan off, seeing as they sent me a statement a few…
Husman
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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 inflation. Some banks are offering saving accounts with…
lambda
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