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Bare Trusts is special account needed?
Bare trusts held in Interactive Investor. Legacy accounts. They no longer properly support Bare Trusts. Account is closing. They suggest just creating a separate investment account and putting the Bare Trust in that. It would not longer have the name of the Beneficiary on it, rather the Trustee's name. Does anyone know if…
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Cynergy Bank - bad login procedures
What a really rubbish bank, I've had over 25 savings accounts over the years and this bank has the worst procedures I've ever dealt with. To start with their app is beyond awful due to the bank's infuriatingly difficult and fiddly to use login procedures. I work in tech, so have a good understanding of how things should…
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Islamic saving accounts.
Hello. I've read that if you're a Muslim, then you can't technically earn interest but can make a profit payment. Is there really much difference other than the termology used? Also, can a non-muslim open an account with these banks? Thanks
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Cynergy Linked Accounts
I currently have 2 Cynergy accounts that are each linked to withdraw to a different Bank account. They are both however, funded from the same bank account.So Cynergy acc1 is funded from bank accA and withdraws to A and Cynergy acc2 is funded from bank accA but withdraws to bank acc B. I thought I recalled getting a message…
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InvestEngine
Hi everyone. Longtime lurker. First-time poster. Fantastic forum. Does anyone here use InvestEngine? How have you found them, for small, medium or big investments on their DIY ETF or Managed platform? Easy, fast, slow, good, bad, reliable, trusty, safe? Better or worse than (say) Vanguard? Any other feedback? Have some…
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Saving for children
Good morning I have 2 very small children and would like to set up savings accounts for them. I've looked at JISAs and I think I can open 2 and put half the allowance into each every year however that doesnt appear to be the most efficient way to save for them. Im considering a high interest monthly saver but would I have…
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For those worried about concentration in indexes
I assumed the US indexes were maybe toppy and maybe risky for a tech fall because of concentration and lack of diversification but this surprised me: https://www.trustnet.com/news/13412104/the-uk-market-is-more-concentrated-than-the-us
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Banks with high interest and sipp friendly
Hi Ive got a sipp which is currently using Metro bank to hold interest accrued, however their interest rates are poor Can you suggest a high interest paying bank which is sipp friendly My sipp provider won’t give me bank names they use, so it’s very frustrating
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Do gilts settle on maturity day?
So, for TG24, will the funds be cleared in my ii.co.uk account on Monday 22 April?
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Should I be expecting more from my investments
Hi,I have an EQ ISA (Positive Impact Cautious Plus) and have about £45k in it. I have had the account since Dec 20 and pay in £500 per month. On top of that, I have paid in two lump sums of £10,000ish in mid-2021 and mid-2022. Overall my profit is sat at negative £500, ie I've made a loss over that period. I was expecting…
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Cashing a foreign cheque in the UK
I have a cheque in Thai Baht I need to cash. I have confirmed I can cash it with my bank, but it will take 6-8 weeks to clear and they can't confirm the rate as it will be set on the clearing date. I'm pretty sure it wont be the best rate out there either. Any idea of other options to safely cash a GBP five figure foreign…
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Data Breach
Hello, I’m hoping that someone may be able to help me. I’ve just received a letter from the network platform that my financial advisor is with outlining that a data breach occurred in May 2023. They have only just made me aware that my personal data has been affected and that “….there is a risk that data may be used by…
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Where to start with stock market tracker funds?
Hello there. i would like to research and identify a suitable stock market tracker fund into which I can invest £100 a month. I am looking for something with minimal fees that requires just an annual review - so something that fits the definition of a ‘passive investment’. My intention is to have something that tracks the…
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Glow communications PLC / tracing old shares
I have recently come across a share certificate for Glow communications from 2000 , and all I know is that the company has been wound up. Does this mean that the certificate and shares are subsequently worthless and this will be a “lost” investment
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Savings interest rate help please!
Hi, so I opened a children's savings account which had an interest rate of 5.50% for 12 months, interest paid on maturity of the account. It has just matured and I can't figure out if I'm going wrong somewhere (maths isn't my strong point!) There was £770 after 12 months and they've paid £22 interest? Tried a calculator…
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Trading 212 Mastercard - £0 Limit on ATM, Transactions and Money Transfers
My card has arrived, I have made deposits using VERIFIED deposit methods, I have a credit balance but I am still unable to make any transactions or ATM withdrawals with the card because my card limits are all zero. All Trading 212 can suggest is that I verify all my deposit methods but I've already done that! Any ideas,…
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BITCOIN
Is investing in Bitcoin really worth it or is it all just a scam ?
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Dollar cheques
Any advice about bank accounts that accept dollar cheques? Just $20 and $35, and would be charged £20 to pay in. I've heard about an internet account somewhere???
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S975 Certificate - Wrong figure quoted for Gross Interest
I recently requested from NW an S975 (2023-24) for a loyalty
savings account that I have held with them for a number of years. This arrived in good time but the Gross
Interest figure quoted was exactly double that which NW paid into the account
in December 2023. No other interest was
credited to this account during the tax…
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Profits from trading/crypto/trading, how are they taxed?
My assumption is that profits from stocks/crypto/trading are free from CGT as long it's within the £20K per year limit in an ISA? If you max out the ISA allowance it will count as a personal income so it will be taxed normally? Please correct me if I'm wrong