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"The Save £12k in 2024" challenge
This is the new Challenge thread for savers in 2024. The challenge starts on 1 January 2024 and finishes on 31 December 2024. Please report monthly and I will record totals on a spreadsheet. Link below. https://docs.google.com/spreadsheets/d/1-frtVz3nhAXAKlcjM5zqNyiLfSopVsc_tPK9Y_r7jPM/edit?usp=sharing You can save £12k or…
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The Savings & Investments Sticky
FCA Unauthorised Firms and Individuals List The Top Instant Access Savings Discussion Area How much can you save? Share Dealing Discussion Area Regular Savings Accounts: The Best Currently Available List! Top Child Trust Funds Article Discussion Area >
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Raisin awful onboarding/admin vs. Hargreaves Lansdown
Hiya, I'm a long-time user of MSE, but never signed up for forums before; signed up just now so that I can raise this question. Basically, for the last 3 weeks I've been trying to set up a Raisin account (mostly to take advantage of a £50 cashback which has now expired). At the same time, I was also looking at HL as they…
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7% return on £700,000
We have to sell my father’s house to pay for his care home fees. Once sold we will have net £700,000. If we can invest the money and (net) 7% then that will pay the fees without eroding the capital. Who could take on such a mandate and what investment to generate that sort of yield?
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Notice Accounts
I can't see any dedicated thread for Notice Accounts, so here we go. My question for all knowledgeable people in this forum is whether anyone has any experience with Allica Bank, I currently have a Zopa smart saver account and, so far, can't fault them really, but Allica are offering 2% for 95 days notice compared to…
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The Top Easy Access Savings Discussion Area
This thread is specifically to discuss the Easy Access Savings article Which includes the new free Savings Calculator tool. To discuss or ask a question about this article: click reply
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Regular Savings Accounts: The Best Currently Available List!
1. Introduction Welcome to this thread. I continually edit the first few posts of this thread to keep it up-to-date. This thread is meant to complement Martin Lewis' article which you can read here: Regular Savings Accounts and the accompanying discussion thread Regularly Beat the Best Savings Account Rates Discussion Area…
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Trading 212 withdrawals
Can anyone share their experience re making withdrawals from Trading 212?
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Nationwide- Members exclusive bond 5.5% AER
Call me a cynic but surely this isnt quite what it seems to be? Member Exclusive Online Bond | Nationwide I'm no expert but they put up the headline rate of 5.5% AER then in the T&C it says its actually an 18month fix that you cannot access until the full term has run. So the next question is, if your maximum 10K is in the…
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Does HMRC automatically claim tax on Savings?
Can someone just remind me - am I correct in thinking that if I have used multiple savings accounts in the tax year and I am going over the relevant tax free savings allowance for my marginal rate, HMRC will figure this out automatically and alter my tax coding the following year to collect the tax? In other words I don't…
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Premium Bond Winner ?
im interested in winning premium bond holders , or not as the case may be , please post your winnings and holding as well as length of time held , i have a theory that newer bonds win more prizes , id prefer not to make this a discussion area of that arguement but i would be interested in your winnings just a bit of…
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Redundancy money to invest
Hi folks. I'm trying a few avenues, this is just one, I've also reached out using Unbiased, who have put me in touch with a restricted FA. Anyway, here's the skinny. I'm in Scotland, and I'm in my 40s. I don't own any property. I was made redundant last year but quickly lined up a new, better-paid job. I now have the…
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£30k needed by September
I need £30k by the end of summer for house repairs/maintenance. I retired earlier this year at 58. My options seem to be: Take a pension 2 years early and take £30k tax free. The pension increases by RPI, max 10% OR Take £30k out of a stocks and shares ISA I’ve no idea what’s the better option as maths is not my…
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Problems with getting the best savings accounts - Any suggestions?
Hi everyone, I'm looking for an easy-access savings account with no withdrawal limits. I was with coventry building society, but have been stung after withdrawing more than 3 times, so I've closed the account down. Also I can't apply for Chase because I'm a former customer and they have a rule that old customers cannot…
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National grid shares help
Hi, I hold some National Grid shares, I’ve recieved an email regarding “7 for 24 rights issue of x amount new shares” can someone in laymans terms explain to me what this means and what may be the best thing to do? Thanks in advance
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Chase 5.1% Saver Account - 1% boost until January [updated]
I just had this pop-up... Need to open a new Saver Account - can't seem to apply to existing Easy Access.
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Trustee Investment/Inheritance tax
We have just discovered an Investment that was supposed to be set up as a trust 3 and a half years ago was incorrectly set up in the sole names of the joint Investment holders. The investment company have said they have no paperwork to say it should have been a trust. It was set up to remove the funds from inheritance tax…
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Saffron Building Society password problems
This discussion was created from comments split from: Regular Savings Accounts: The Best Currently Available List!.
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Al Rayan problems
This discussion was created from comments split from: LBG closing all my accounts on 18th May.
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What would you do?
My spouse is a non tax payer and has most of our savings are in her name. Due to previous rising interest rates we moved most of the savings into accounts that deferred interest until this year. A quick calculation at current rates indicates she is likely to exceed this years tax allowance by about 5K so have a bill of ~1K…
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Investing life assurance lump sum
Apologies if this is covered somewhere else, I couldn’t see it. I realise I’m in a financially good position here. my husband passed away recently. Through various policies all debt was cleared and mortgage paid. There is still a significant amount left. I had invested a chunk of it with St James Place (who are topping up…
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How to best deal with a death benefit received.
My father passed away a year ago. His wife has redirected some of his pension fund to me - worth £100,000. I would have to pay 40% income tax if I draw it all - or even more if I take it in a lump sum. I am trying to work out how to get the best out of it and need help. I can't afford to leave it for my own pension as we…