Remember to get your ISA's in order!
#1
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Remember to get your ISA's in order!
Get £3000 into a cash ISA now, if you haven't already ........ and then in April bung another £3600 in for 2008-2009.
Tax free interest on £6600
Tax free interest on £6600
#4
It continues to attract interest tax free in the future and once the "year" has ended, you can't use that entitlement again.
#6
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Have had one since Sept which will be "filled" in April then all taken out in Aug as it is the wedding fund
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#8
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The next £3600 can go in at anytime between April 2008 and March 2009.
Well worth doing - pity it's only £3000
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#13
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2008/2009 GROSS Investment (less charges etc)
To ensure you receive the 100% investment allocation for 2008/2009 tax year of £7,200 you will have to write a larger cheque.
£7,200 allocation = £7,539.27* gross payment, less initial charges/commission.
* This amount will vary from provider to provider.
£7,200 allocation = £7,539.27* gross payment, less initial charges/commission.
* This amount will vary from provider to provider.
#14
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#17
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It is pathetic ...... I would make the limit £35,000 as that is the amount guaranteed by the Banking Regulations ..... I do not keep more than £35,000 in any single institution, but trying to keep tabs on the accounts is a right royal pain in the rear end!!
#18
why should it be 35k? That's MASSIVELY more than the average person has in cash savings so completely unrealistic.
ISAs just came of the back of PEPs which were all about getting joe bloggs into equities, if you started doing PEPs when introduced (along with your spouse) you would now have 100's of k in equities (almost) free of tax. Theres ample capacity.
ISAs just came of the back of PEPs which were all about getting joe bloggs into equities, if you started doing PEPs when introduced (along with your spouse) you would now have 100's of k in equities (almost) free of tax. Theres ample capacity.
#19
#20
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An important thing to remember is the facility within your ISA to switch between different funds and different fund managers (usually at a very small cost).
Some providers offer fund-supermarkets, where you can link your investment to different providers, e.g Invesco/Perpetual, Fidelity, Schroder etc etc.
Check:
1. Can you switch funds within the ISA.
2. What funds can you switch to (e.g. Cash Option during periods of high volatility).
3. Switching charges if any - usually you can do a number of "free" switches in the ISA plan year. But this varies from provider to provider.
#21
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Lloyds TSB seem to be offering the best deal at the moment - 6.5% fixed for a year with their ISA, and they allow transfers in
Beats the 6.05% Im currently getting with Kent BS.
Beats the 6.05% Im currently getting with Kent BS.
#23
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Are you sure this is correct? Can't see anything that mentions a charge to transfer in on their website?
#25
I did the Lloyds thing last week and can't see any reference to charges in the paperwork, Petem
check out this thread on Martins Money Tips if you want to be sure...
http://forums.moneysavingexpert.com/....html?t=725969
check out this thread on Martins Money Tips if you want to be sure...
http://forums.moneysavingexpert.com/....html?t=725969
Last edited by Dieseldog; 05 March 2008 at 03:58 PM.
#26
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For example if you hold an ISA with Invesco Perpetual and transfer to Skandia MultiFUNDS, the cost is 3% to the ISA holder.
Lloyds maybe the exception (I am not up to speed on their product, but don't want anyone to get caught out by "hidden" costs).
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