Do you need an ISA? 

I wish everyones videos would start like this, no intros, no hello's, no who i am announcemens. Just good content. Thanks 👍

33k in a 3.3% easy access account is great and will give you approx 1k interest, any more and you will pay 20% to the taxman. GET AN ISA and then save in a normal account. excellent video again andy, thanks

The yearly tax free allowance for capital gains tax should be thought of differently to the dividend tax free allowance since it only applies when you sell. Most people investing do so over the long term with a buy and hold strategy, meaning at the point of sale it is very likely they will surpass the cap even if they gained much less than the allowance per year. Therefore imo an ISA should always be used even if only a small amount will be invested each year - unless you intend to only sell up to the allowance each year, which may be different/not exist in 30 years time. I'm not sure you recognise this, at least it did not come across that way

It would be nice to do a video when an cash ISA is at maturity. What happens next? Can you renew it for the same interest or you need to transfer it to another provider which has a better interest? Or withdraw the money and open another isa with another bank?I’m confused

Great Video Andy, between my RBS saver and Atom got enough locked away to give me just under £1k interest for next 5years, moving my shares from IG general account to AJ Bell s&s Isa, maxing out 22/23 and plan to max out 23/24, still got some PB holdings also plan to boost that up, Tax free the way to go.

Thanks Andy. defo food for thought. I have quite a few maturing this year and they were under 2% so may think about sharing the burden with the wife by opening fixed bonds. Still trying to determine the correct balance of easy access/emergency fund vs investing more than I currently do. scratchy head week this week :)

An ISA is now becoming essential, because of the coming changes in the next few years

Thanks for the great advice .

Hi Andy, any idea on how to best utilise the £100 offer that Chase is offering to invest with nutmeg if you deposit and invest £1000?

Do I need a cash isa, no. But I’m getting 3% from virgin money easy access. The other easy access accounts are currently paying 3.1%. Too much hassle for switching for that low of a rise and I don’t have Barclays account in order to benefit from the blue rewards 5.12%. Savings seem to be in a weird limbo. I felt there wasn’t that much in terms of rises from the last interest rate announcement

If I can invest only 100 pound per month then where should I invest ?

I did it with virgin money 2 months ago on 2 years fixed at 4.03% montly interest pay, £70 in January, now they don't have it .

To prevent being hit by tax in lump some is the ns and i guaranteed income bonds where I would get monthly interest be a good investment? And also can this interest rate on this increase

Hi Andy, great video! Thanks! I have a question and hope you can help. I have a Virgin Money cash ISA from last tax year (2022-2023), it is a fixed rate, and will mature in January 2024. I have a new cash ISA this tax year (2023-2024), Santander fixed rate, which only accepts transfer request within 14 days from when I opened the account. My question is, when the Virgin Money's one matures in January 2024 (which will then become a quite a basic/low interest rate ISA, which I don't want), what can I do with it? Obviously it won't be eligible for transfering into the Santander's one. I cannot open another active cash ISA in this tax year I suppose. Asked both Virgin Money and Santander. One said I cannot open another cash ISA in this tax year, one said I can because the fund (i.e. Virgin Money fixed) was from last tax year. I'm getting confused.

So if your a basic rate tax payer, you get £1,000 personal allowance and £12,300 capital gains allowance. What’s the difference between the two?

Hi Andy. What amount of money do you mean when saying a decent amount of cash sitting in a bank account? Is it at least £10k, £30k, £50k or £100k to put it in ISA? Many thanks

Hi say if you have 120k in savings would it be a good shout to split it between chip and tanbem for better rate but then I will have to pay tax over the 1k intrest is there anything better thanks

Hi, If you only earn approx £9000 does that mean you can have tax free savings up to the basic tax allowance and then a further £1000 ( ie £3,700 plus £1000) before paying tax on any savings ( in normal accounts not ISA thank you

Thsnk you, Andrew for this great video. If I create Lifetime ISA and put £4,000 in March 2023 I.e before April 2023, it means that by 10th April I will get £1,000 interest making it £5,000. If I leave the money till April 2024, will I get another interest of £1,000 making my money £6,000 and can I withdraw all my money by April 2024 to buy my first home in the UK ? Thank you.

I have an Help to Buy ISA for like 3 years now, is it worth it to still have it? or should I swap it to another ISA?

both cash isa s

Currently have a stocks & shares ISA with AJ Bell investing in the HSBC Islamic fund. Do you think it's worth consistently investing in this per month? Say £200 per month?

Hi Andy , great show .....isa limit 20k ? can my wife open one as I open another?

Are ISA'S subject to back bail ins during a financial crisis? If you have a cash ISA-Are they subject to bails in?

nice video

And I have had a reply to a question with a strange number can you clarify the response to my last message on this thread was you ?

Does saving interest count towards self employed income allowance of £1000?

You talk too long , in short, Why is good to have ISA if you invest in stock? Thank you

Can I open an Isa in a business name

Still no video on the Monzo 3% pot!

Last

The next logical step from HMRC would be to limit the Isa allowance to 100k 🤞

First