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17 year old savings
Hi I have to transfer my daughters saving account over as my current bank (intelligent finance) are closing all accounts. I know I can still apply for a junior savings account at 17, but will it only last for a year or is better of applying for an adult saver?
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Investing for income with the current market...
Hello, What has been your strategy in terms of buying for income purposes during the current state of the markets? I would be interested to know from those who are drawing an income from their portfolio. Have you invested more in the likes of Bankers investment trust. CTY or other or have you preferred to divert your cash…
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Instant access account paying interest in next tax year
I have used my PSA for 2023-24 and want an instant access account paying decent interest annually with the next interest payment in 2024-25. I opened a Cynergy account, which I read somewhere pays on the anniversary of opening, but my account page says "Next interest payment date: 02/01/2024" (and I have spoken with them -…
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Free work shares
I was given £500 in free work shares a few years ago. Now they are maturing and the only option I have been given is to have the shares sent to me as a share certificate. They will deduct NI and tax from these before paying them to me (even though I don't pay tax or NI -can I claim this back?) And then I have to sell them.…
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Recognise bank incorrect account email notification, Beware
I have today funded my 2 year fix, the £1,000 initial funding was there in seconds I had received an account number by email and funded a further £9,000 to that account number as advised, the funds didn't arrive After a quick phone call and an apology from Recognise that some emails had gone out with customer number…
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Link Fund Solutions and the sale to Wayside
I recently emailed Link Fund Solutions with an enquiry (I have a pension with them) and have been advised to contact Equiniti because they are apparently administering all of Link Fund Solution's Pension Plans. How can the sale be to Wayside yet the plans are being administered by Equiniti? I've heard so many bad things…
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Mother in law's savings
hi Everyone I would like some advice mother in law has put full 20k in an ISA this tax year, but has got 100k in a Barclays savings a/c at a pathetic 1%. what would be the best options/ a/cs to move these funds to get better interest, we know there will be tax to pay. Easy access will need to be kept. Any suggestions would…
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What do people do with their savings
Hello all, in an attempt to get the best interest, I keep moving the portion of our savings that are in an easy access account. And I mean monthly! How do other people manage this? I am getting a huge FOMO.
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Technical Analysis Stocks
Hello you wonderful and intelligent people that make up this forum. I sincerely hope you are having a nice weekend and doing well. I was reading a book recently that put alot of emphasis on Technical Analysis, looking for chart patterns in bull markets to know when to buy a stock. As it mentioned that even stocks with…
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Principality BS
Principality BS appear to have increased some of their NLA savings rates some time in August - does anyone please know when this happened? Their latest rate change leaflet online is still the one from May 2023. Nothing that I can find on their website about the latest changes. No email or text notification either. The…
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Very Short term money
We are selling our property in November but out new build wont be ready until Jan. I'll have upwards of £500,000. Where do I put it?
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Post Office Savings Account & Linked Account Verification
Hi All, So, I thought I'd try to put some money into a savings account that gives a decent level of interest after several years of there being apparently nothing that was offering more than 1% or so. So, at 4.6%, I thought the Post Office would be a decent bet especially as it's an established name. I suppose I new I knew…
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Discretionary Trust bank account
My adult disabled daughter inherited some money from a relative. His solicitor has drawn up trust deeds with myself as trustee. I am having great difficulty finding a Bank account. I would possibly only need to draw on funds 3 or 4 times a year. Barclays have stopped these accounts. Metro Bank are over 300 miles from us.…
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CGT share repurchase
Dear Sir/Madam I would be very grateful if you could help me with an issue regarding the Capital Gain Tax. I manage to get this from Gov.uk website: 'If you bought new shares of the same type in the samecompany within 30 days of selling your old ones, there arespecial rules for working out the cost to use in your…
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Better Investment
I currently have a lump sum invested with a reputable company for stocks and shares. Since the pandemic my profit has fluctuated between £2000 and £9000. The initial sum was invested some 7 years ago. Would I be better off withdrawing it all and investing in fixed term interest (3 - 5 Years) from the MSE recommended…
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Pois (Foresters) Quidco incentive
Never heard of Pois before however on Quidco at mo (see below) does not say min you need to invest for the cashback. Could I invest £1 and poss get the £60 cashback via my Quidco? Checked the T&Cs and can’t see a min update- when you click via Quidco each product says what you need to invest monthly etc for the cashback on…
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Fixed term accounts, Monthly, Annually or at Maturity
My wife, who does not work nor pays income tax until state pension kick in ( 8yrs time) is planning to open a couple of fixed term accounts, probably 5yr and keeping beneath the FSCS protection limit say £55k in each Am I correct in thinking that interest paid ( say 5.8%) at maturity would at that final 5th year exceed her…
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Where to invest £50k these days?
Want to be able to access some in an emergency but looking to put it away for 3-5 years minimum potentially longer.... I have a S&S ISA with H&L that has £1000 but now valued at £1650 as it was all fundsmith equity fund that I put in about 3 years ago. With a 65% increase, I am tempted to put it into this?
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City of london IT
This trust has nearly dropped to levels seen last year when the markets hammered Truss and her budget out of office.... I was wondering what otjer holder of thus investment thought, are you buying more?
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Scottish Widows Personal Investment Plan
I'm trying to help my 76yr brother who has a "PIP" with Scottish Widows (Halifax) It's performance has been poor at best, and he / we are considering cashing in or putting it somewhere else. What sort of investment is this ? As far as I can see he is only allowed to take out 5% per year, which to me seems very restrictive…