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£120K in an unwrapped account - suggestions?
Apologies I know it's a first world problem. I have approx £200K in an ISA in a cheap passive global tracker. I have approx £120K in an unwrapped account that I'm trying to decide what to do with. Essentially it's cash that I don't plan on accessing but I want the optionality of accessing it. I'm prepared to take some…
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Income tax on UK government gilt
Hi all, Could I please ask if my understanding is correct that if I purchase UK government gilt outside of any tax shelter, as long as the interest generated from my overall saving/investment is less than £10,000, I don't have to do the self assessment tax return? The HMRC will auto deduct the tax from my next year's tax…
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More than £85k with SJP single pension account?
If you can put aside your dislike of SJP for this question, would anyone have a problem putting £100k or £200k with SJP in a single pension fund? Question is in the context of risk of my money should SJP have issues with financial stablity, not a concern about the success or otherwise of their products. Thanks
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Savings interest pushing into higher rate tax
Hi there, hoping someone can advise. I currently have savings in any easy access, with interest paid monthly, where the interest will be over the £1000 allowance, and where it is likely it is going to push me into a higher rate tax bracket as well. If I were to move my savings from current easy access, to a 90 day notice…
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Is Zopa bad now?
Signed up for Zopa last summer when their interest rates were decent. Seems they are now below many others in terms of savings even using their limited access pots. Is it just a simple case of me opening an account with say Tandum and transferring all my savings from Zopa to them or am I missing something? I assume the…
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Vanguard Life Strategy performance
I have held Vanguard LS 60% and 80% equity acc ISAs for over two years. They are still down around 1.2% and have never performed well. Can't seem to find any recent information on them. They were always considered one of the safer options. Any advice on whether I should just cut my losses and move elsewhere.
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Buying Bonds
As I understand it the capital gain on bonds is not taxable? So with low coupon bonds selling cheap thats very attractive to a taxpayer For instance https://www.bloomberg.com/markets/rates-bonds/government-bonds/uk 2 year UK Govt Bonds coupon 0.63% yield 5.35% so (5.35 - 0.63) = 4.72% is tax free So is it time to take our…
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xgsd - any reasons not to buy?
Just wondered whether people who are more informed than I on ETFs can offer any especially important reasons why I shouldn’t buy xgsd.l? https://etf.dws.com/en-gb/LU0292096186-stoxx-global-select-dividend-100-swap-ucits-etf-1d/ I’m in my early 50’s and gradually moving from buying growth to buying dividend. I’m after a…
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Personal Savings Allowance and Salary Sacrifice
Hi, any insights to this topic will be greatly appreciated. I earn circa £42k per year and have works pensions scheme which I can use salary sacrifice to make additional contributions into the works pension scheme. I have upped my contributions from last month from 5% of my gross salary to 10% of my gross salary. I end up…
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N. S. & I. Can't stop cookies banner popping up
Looking to check out and open new 6.2% fixed account. Our savings are largely in wife's name with her extra tax-free allowance, but she leaves the operation to me. Whatever I try and do on the site I get hit with this cookies banner. Whether I edit to accept some, reject all or accept all, I keep being brought back to this…
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SIPP Drawdown and remaining tax allowance.
A relative has a cash only SIPP with Hargreaves Lansdown (HL) that has just been placed in drawdown, with the 25% tax free amount to be paid into their bank account shortly. They can now tell HL (by telephone only it seems) how much they want to draw down each month. Their tax free amount (yearly tax allowance minus…
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Ford Money and Aldermore - 'legit'?
Following on from a previous post, have £100,000 to split between two accounts in order to get a monthly income from the interest. These two firms are mentioned on this site so I am guessing they are legit but we have no idea about companies aside from the big UK ones such as NatWest, Nationwide etc, so it is hard to press…
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Sainsbury's Savings Account - Balance Refreshing?
Hi all, Potentially a trivial topic but I'd like to ask; does anyone here have a Sainsbury's savings account and, if you do, does your balance take a very long time to update? My HSBC and Santander accounts update immediately, but I have transferred my second, regular monthly payment into my Sainsbury's account and several…
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Air france klm shares gone?
Hello I have some airfrance/klm shares on h and l but this morning they have disappeared. I have received no communication regarding de listing etc. Does anyone know what could be going on?
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Best way to invest £500k inheritance?
My partner expects in inherit around £500,000 once probate is secured and the inherited house sale has gone through - should be early next year. But we are unsure how best to invest this? We are both in out mid 40s. No children. Both working full-time. We have around £90k outstanding on our mortgage which is currently on a…
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Smartsave not letting me change my bank account
On 13th November last year, I opened a year fixed saver with Smartsave, nominating my old bank account as my link account. But in August, I changed my bank account from Halifax to Firest Direct. Every other organisation has been OK to deal with but Smartsave are not letting me change my linked account. Their replay when I…
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Savings, Pension or Mortgage
If you had £200 disposable income every month, what would be the best thing to do with it? I'm in my late 40s, have no loans or credit card debt. I'm luckily on a low interest rate fixed mortgage until 2025.
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Moneyfarm and new investor cashback (TCB) - am I being greedy?
Last year I consolidated my various employer pensions into a SIPP with Interactive Investor. It went smoothly, so I am now looking to consolidate the one remaining employer pension too. Whilst looking on Topcashback, I saw that Moneyfarm is offering some good cashback rates for new customers transferring into a SIPP. I was…
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What to do - ISA v's Saving Account
Where is it best to put your money - ISA or Savings approx 40k - don't need access - would like the best return Thoughts please
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How to claim old premium savings bomds
I have two old premium £1 savings bonds in my late mother’s name and wanted to know how they can be checked and possibly claimed. Thank you for any advice