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Tax payable on interest from savings
I will have to pay tax on interest from my savings. Should I transfer money from this account into an ISA or use money from an account which does not earn any interest,
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NS&I Index Linked Savings Certificates - Renew or Possible Alternatives?
Have some NS&I Linked savings certificates coming up for renewal next month. I would have renewed but found out you now can't withdraw them until the fixed term ends. I might need to access that money before the new term would end, so this is a concern. Any suggestions what I could do with the money if I choose not to…
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Customer Service for Banks (e.g. Cynergy)
I think need to look harder at customer service and ease of use before recommending a banking/saving provider. I recently set up an ISA with Cynergy, good rate but very poor service. * One two occasions firstly 40 minutes then 30 minutes for them to answer the phone. * Offshore staff struggled to understand me (Northerner)…
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Crypto Currency ??
I understand what crypto currency is - its a "virtual" currency But I can't understand how people can make a fortune / loss investing in itand what is the equivalent in £'s or $'s to "mining" ?is it "printing your own currency ? Could someone explain to me in simple terms ?
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Finding shares
I keep getting shareholder information for AXA and vaguely remember that employees were to be given shares. I can find no information from that employment and am having difficulty in finding contact information to see if I am on their shareholder roll. Very new to all this any help would be appreciated.
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Personal Injury Trust - Skipton
Wondering if anyone has any advice on this. My mum received a lump sum of compensation from a Personal Injury claim. She receives benefits so was advised to put this money into a Personal Injury Trust so it wouldn't affect her benefits. She done this with Skipton. My mum lives at home with her partner and the house is…
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Confirmation of payee not used by some banks and building soceites
I am often concerned when I set up a bank transfer to an account with a building soceity to find that there is no confirmation of payee. It seems not all financial institutions have signed up to the scheme. Coventry Busilding Soceity and Yorkshire Building Soceity are two i know of who are not part of the scheme. Is anyone…
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Retirement income
Married man age 54 planning on retiring at 55. Disabled older wife on state pension only. Mortgage paid off. Is a retirement pot of £750,000 enough and the investment question is should I take out the 25% tax free lump sum and invest it somewhere. My pot is not doing too good at the moment.
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University fees and savings
Hi, my children and I (ages 49, 16 and 12) received inheritance last year and we have put it into savings for my eventual retirement and for the children to be able to get onto the property ladder. My question is will these savings effect university grants and loans?
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lower risk funds - and/or stop loss?
Probably a dumb question - and I'm certainly a beginner where it comes to funds - but I'll be looking to add more cash to my ISA's... (or near cash equivalents) in the next month, and I'm wondering if there is an alternative to cash that would beat an "easy access ISA"? I've looked at Royal London Short Term Money Market Y…
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Post Office Online Saver
I have just opened this account using the link from the MSE page. My existing Post Office account didn't recognise it so I rang Post Office to seek help. They have never heard of the Online Saver 72. Is this some sort of scam?
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Junior SIPP and carry forward rules
Himy 4 year old has a junior sipp (opened Nov 2020) and he regularly gets £100 deposited each month since 2020. I'd like to make a contribution of £3600 today, can he use the unused amount from the last 3 years as a 'carry forward' so that all his 2024 deposits get tax relief and the additional 25% from government? eg.2021…
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Where to invest Child Trust Fund after withdrawing ?
My daughter is 18 and has withdrawn her child trust fund of £10k. She has put it into an HSBC Online Bonus Saver account for now so she can get access to it, but she wants to invest it for the future. I have no experience with savings accounts, so I am seeking guidance on where she can invest her money. I thought she would…
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UK STRIPS - how to calculate the correct price / return
I've seen a UK STRIP priced at £92.80 and maturing in March next year. To my novice eye, this would appear to offer an 7.2% return in under a year, which I appreciate can't be correct. The website says: Index linked gilts are bought and sold at an 'inflation adjusted price'. If you own an index linked gilt issued after…
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Self Assessment: Savings Interest Statements for closed accounts.
Because of frequent interest rate changes, I ended up with savings accounts with a number of different organisations over the last tax year. Many of these acounts are now closed. In some cases I am no longer able to login to the website to obtain interest statements.One example being Secure Trust Bank.In other cases I can…
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Investments
Why choose investments bonds over GIA's
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Whitechurch securities Adventurous PF
Hi Back in my early days of investing I was taking bites out of lot of apples and i took a chunk £5000 at the above company adventurous portfolio. This was in 2000 and its current valuation has got back to a high of 4146 so I have decided to sell it and stick the proceeds in something else (not sure what yet) This PF has…
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View's please on holding physical Gold?
I would welcome views on holding physical gold, I.e. coins etc. I do realize that gold at the moment is at a very high price at the moment but I am looking into the possibility of holding some in the form of coins, Krugerrands etc. Any help in where/how to purchase, storing the coins, possibly selling them in the future…
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How to pay SIPP/ISA fees painlessly
I'm not fond of recurring payments - for anything - being taken from cash or credit/debit cards. Inevitably the time comes when the cash runs out or the cards expire and you're left with a default payment. I'm looking for a SIPP/ISA provider who 'provides' an easier automatic way of paying fees. As far as I can tell both A…
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Personal Savings Allowance
Hi Folks, I can't get my head around this and wondering if someone can clear it up as I assume it's quite simple. I note the personal savings allowance changes from £1000 to £500 if you are a higher rate tax payer. So if you earn 1p over the tax threshold for intermediate tax payers you lose £500 from your allowance? I'm…