qwakuk
Member of DD Central
Posts: 259 
Likes: 96
|
Post by qwakuk on Jan 2, 2019 15:40:33 GMT
My fixed rate Cash ISA from a few years ago has just matured and I am moving it into a variable rate ISA account. Some or all of it will end up in IF ISAs, have any of the companies offered any additional incentives in the run up to 5th April annually or at the start of the new tax year ?
Some is going into Assetz Capital anyway to take advantage of the current 2% promo, any other suggestions / recommendations ?
|
|
|
|
P2P ISAs
Jan 6, 2019 8:09:38 GMT
via mobile
Post by fatbritabroad on Jan 6, 2019 8:09:38 GMT
Lending works do a refer a friend which I can refer you. Think assetz capital do as well if you want one for that too. Kufflink were also doing a similar promo. Again I can do that one too lol
|
|
|
|
Post by wiseclerk on Jan 6, 2019 8:46:02 GMT
My fixed rate Cash ISA from a few years ago has just matured and I am moving it into a variable rate ISA account. Some or all of it will end up in IF ISAs, have any of the companies offered any additional incentives in the run up to 5th April annually or at the start of the new tax year ? Some is going into Assetz Capital anyway to take advantage of the current 2% promo, any other suggestions / recommendations ? There are serveral providers offering incentives, look at green font here (or select cashback to narrow search)
|
|
qwakuk
Member of DD Central
Posts: 259
Likes: 96
|
Post by qwakuk on Jan 6, 2019 10:24:44 GMT
Thanks
Already have accounts (non ISA) with a few of the names mentioned / on the link and would not get the "refer a friend" bonus. Amazingly the cash ISA was transferred in 2 days and part of the money is now on its way to P2P ISAs, will hold on to the rest in the Cash ISA for now.
|
|
|
|
Post by britishpearl on Jan 9, 2019 14:37:01 GMT
My fixed rate Cash ISA from a few years ago has just matured and I am moving it into a variable rate ISA account. Some or all of it will end up in IF ISAs, have any of the companies offered any additional incentives in the run up to 5th April annually or at the start of the new tax year ? Some is going into Assetz Capital anyway to take advantage of the current 2% promo, any other suggestions / recommendations ? I thought it might be worth noting that while we (British Pearl) do not currently have a promotion in place on our secured, property-backed ISA, it is likely that we will be bringing one before the end of this current financial year. If you would like to be kept up to date generally then please either register on our site or send me a message at info@britishpearl.com and I can make sure I contact you once a promotion has been announced.
|
|
qwakuk
Member of DD Central
Posts: 259
Likes: 96
|
Post by qwakuk on Jan 9, 2019 15:22:11 GMT
yes, let me know through this website
|
|
qwakuk
Member of DD Central
Posts: 259
Likes: 96
|
Post by qwakuk on Jan 18, 2019 12:05:27 GMT
Saw the existing thread on ISA transfers so will update mine in case it is of use to others.
Cash ISA from Yorkshire BS to Paragon Bank was electronic and completed in 2 days. Transfer forms sent back to 6 P2P organisations for onward transmission to Paragon and all 6 have already been actioned by Paragon with cheques sent out to the P2P organisation. Standard email saying should take 5 days to clear and will email me when ready to invest from 4 of the P2P companies. In fairness 2 of the cheques were only posted out by Paragon yesterday.
Now just need to ensure I earn more than 1.35% Paragon were paying !
|
|
qwakuk
Member of DD Central
Posts: 259
Likes: 96
|
Post by qwakuk on Feb 15, 2019 16:33:22 GMT
Ablrate comes out top again. Did 8 transfers out of Cash ISA, varying timescales but all apart from Ablrate waited the full 5 days+ after receiving the cheque before they would let me invest. Cheque was only sent to Ablrate on 12th Feb and yet they let me invest the money today!
|
|
|
|
Post by akagi on Feb 20, 2019 23:09:49 GMT
Is it possible to transfer money from a cash ISA to an innovative finance ISA?
|
|
delboy
Member of DD Central
Posts: 79
Likes: 49
|
Post by delboy on Feb 20, 2019 23:39:07 GMT
Is it possible to transfer money from a cash ISA to an innovative finance ISA? Yes, in most cases cash to IFISA is straightforward. IFISA to cash is more complex as you would need to liquidate your investments to cash prior to transfer; that may not be possible with some of your investments, so you may lose some of your allowance. IFISA to stocks and shares can be a pain - I have had to transfer out of IFISA to cash, and then from cash to S&S, which is bureaucratic.
|
|
|
|
Post by akagi on Feb 20, 2019 23:42:23 GMT
Thanks for your insights. When you transfer IFISA to cash, do you have to liquidate your investment yourself or the platforms does it automatically after requesting the transfer?
|
|
|
|
Post by Ace on Feb 21, 2019 1:06:53 GMT
Thanks for your insights. When you transfer IFISA to cash, do you have to liquidate your investment yourself or the platforms does it automatically after requesting the transfer? The exact mechanism varies from platform to platform, but all of those I've looked at require you to liquidate your investments first.
|
|
|
|
Post by Ace on Feb 21, 2019 1:26:25 GMT
One useful trick given that we're nearing the end of the tax year, if you want to invest in multiple IFISAs (or any other ISA types) and haven't used all of your ISA allowance already is this.
Load all spare cash, up to your ISA allowance, in to a cash ISA before the end of the tax year. Then, at any time in the new tax year, complete transfer forms for each IFISA that you want to invest in. It's important to choose a cash is that allows fee free transfers out. You also need to look out for the minimum fee free amount accepted by the receiving account.
I did this last year with a Nationwide cash ISA and it went fairly smoothly. I haven't used any of this year's ISA allowance yet, so planning to do this for the whole £20k when a fixed rate bond matures in March. Some of it will probably end up in S&S ISAs.
|
|
|
|
Post by akagi on Feb 21, 2019 8:18:24 GMT
One useful trick given that we're nearing the end of the tax year, if you want to invest in multiple IFISAs (or any other ISA types) and haven't used all of your ISA allowance already is this. Load all spare cash, up to your ISA allowance, in to a cash ISA before the end of the tax year. Then, at any time in the new tax year, complete transfer forms for each IFISA that you want to invest in. It's important to choose a cash is that allows fee free transfers out. You also need to look out for the minimum fee free amount accepted by the receiving account. I did this last year with a Nationwide cash ISA and it went fairly smoothly. I haven't used any of this year's ISA allowance yet, so planning to do this for the whole £20k when a fixed rate bond matures in March. Some of it will probably end up in S&S ISAs. Okay understood I will have a look. Thanks!
|
|
qwakuk
Member of DD Central
Posts: 259
Likes: 96
|
Post by qwakuk on Feb 21, 2019 10:16:12 GMT
akagiThis is my thread and the money has moved from a Cash ISA to various IFISAs (see first post), still some left in the Cash ISA to go to a new home in due course. Just waiting to see if any bonuses / incentives get offered in the run up to 5th April or at the start of the next tax year. Moved money to Assetz Capital, Funding Circle, Zopa, Kuflink, Archover, Ablrate, Ratesetter and Lending Works. I think that is all of them of the top of my head.
|
|
