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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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Stafford Railway BS account closure
Trying to close my account and withdrawn the cash, what a pain... I have a two page form to fill in and send back which I did but it's not good enough because it's not a 'real' signature. They want me to print the form, sign it, scan it, and return it I don't have a printer... I'm guessing they'll send me a form in the…
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Joint accounts saving interest
Hi, How would like to know if hmrc are notified that an account is joint rather than have a single nominee. In the last few months I have opened some accounts with my spouse and I wonder if the numbers are added up from each individual self assessment at hmrc's end or if it would be better to notify them separately that…
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VOTE now! Proposed take over of Virgin Money - Nationwide members should be given a vote
I'm really unhappy about Nationwide management running roughshod over their members (we the customers own the building society as it's a mutual), trying to push through a deal to buy Virgin Money. My quick take: * Nationwide management have proposed a takeover of Virgin Money * Terms of the deal have been agreed, but it is…
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Vanguard FTSE Global All Cap Index versus VWRP
Looking to add to this year’s ISA and am trying to decide between the above funds. I want something that I can invest in and forget. Any thoughts appreciated.
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eToro withdrawal doubts
Hello, after ages of having some money in Etoro (about 900 usd) I have grown tired of it and I want to withdraw the money and try to pay as little withdrawal fees as possible. If I remember ok I deposited the money with PayPal, but I am not sure if I was asked to fund through debit card once. Question is that eToro won't…
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Best option of keeping cash over of 85K getting best easy interest?
Due to money events, looks like I may need to keep open difference bank accounts with no more that 85K due the compensation rules. I see NS&I only paying 3.65% However various other banks are paying 5% ish. Opening up multiple different bank accounts just seems so much hassle. I was aware there is the ability to just use…
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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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Declaring savings interest – practicalities
I’ve been reading
posts here and on the HMRC forums about how tax on interest on multi-year fixed
bonds should be declared. The
discussions are inconclusive because of the lack of clarity around the rules,
and the different answers given about them. This leaves
people unsure of what to do in some circumstances. Also,…
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Investing for Income
My wife and I have about £150k in ISA’s in various funds, Lifestrategy 100 and similar funds with other providers. I am starting to think about moving this money into funds which generate a monthly income. I seems that many suggest bond funds. I know very little about bonds but looking at some of the funds at the moment…
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Vanguard S&P 500 ETF and US equity index fund whats the difference?
Hi, In my ISA I’m moving away from UK based equities, which , like the UK are not doing so well, (odd that! ) and moving towards North America so Vanguard offer these two funds. I can’t see how they differ as the descriptions are a bit vague . Do they overlap? There’s a difference in their performance but not a large one.
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Your thoughts and advice on my financial situation
Good evening all, I’d appreciate your thoughts if I may, as I am approaching a sort of cross roads, I enjoy this forum there are so many wise heads with good advice. As much detail as I can as I appreciate it’s helpful. I recently turned 40, I have a modest income of circa £29k, am single with no kids. Currently pension…
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Recc for ISA transfer
I am trying to keep our finances a bit more simple and hassle free whilst still getting good returns. I have a lump sum cash isa from previous years over £20K that is is now getting a poor rate. I am looking for peoples recent good experiences of a seamless transfer to an established provider that offers something decent…
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Mystery share dividends
On going through my bank statement transactions I found some dividend payments (Bank Giro Credit ref Sharedealing HSDL), dated 11 April 2024, and also 13 April and 11 Oct 2023. The issue is, the only shares I thought I had were Royal Mail, who paid out on fewer and different dates, and in any case into a different bank…
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Halifax Bonus Saver (4.10% AER)
Good morning everyone, What is your experience with Halifax savings accounts? I’d like to open the Bonus Saver account (4.10% AER if no more than 3 withdrawals are made within the 12-month term) and have a few questions: 1. I already have a credit card with Halifax. Is it easier to open it as I’m already a customer? 2. Do…
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Astute Capital
I invested money in an ISA with a UK, London, based Investment
Company for a three year period, April 2019 to April 2022. However, just days
before maturity in April 2022, I was advised by the Investment Company that they
were changing their business model and wouldn’t be paying out ISAs on maturity.
I demanded my money…
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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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Crypto dating scam help
A friend of mine has been chatting to an Asian lady online for some months. She has a business in Europe. They chat by video call. Today he has told me that she is helping him trade crypto currency something he knows nothing about. He has opened a Kracken and a Foris mt ltd account. He says they are sharing the success and…
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Onshore investment bonds - rationale...
I posted this on another thread earlier but as the title was just 'investments', I suspect it might get lost in the noise... I'm curious about onshore IBs attractiveness, even with reduced CGT thresholds. Given the 5% annual withdrawal limit to stay free of income tax - unless you're investing a large 6 figure sum (or…
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Critique my ISA income portfolio
Mods please delete
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Saving for Grandchildren
Hi All, My mum wants to setup and manage a savings account for my two kids. She has suggested making an initial deposit of £100 into each account and then adding £5 per month, hoping to increase this at birthdays/Christmas. Is this possible and what are the best options? Thanks in advance.