What to do with Money.

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  • atush
    atush Posts: 18,726 Forumite
    Name Dropper First Anniversary First Post
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    Students who pay tax on their earnings, but end up earning less than their PA can claim back the overpaid tax.

    You can also get back tax paid on savings if you end up being a non taxpayer by filling out a form.
  • 100saving
    100saving Posts: 314 Forumite
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    if your going to need to money in te next year to 3 years or 2 i would not think too much about ISAs as these pay little at the moment.

    I would stick it in to:

    Nationwide FlexDirect - 5% interest - MAX £2500 from day one gets you £120 a year before tax.

    First Direct Regular Saving Account 6% interest - start paying in the MAX £300 a month and in 12 month you will get £117 before tax.

    then set up a few Lloyds/BOS Vantage current accounts as these pay 3% or more and you can have up to 3 of each. these are better than the 123 account as you dont have to pay a fee.

    that would give you a ok return without taking a risks.
    Age: 24 / London/Ireland / Salary €49,000 / 1 London BTL (8% yield) / Total savings pot £12k+
    Lloyds Club CA £5,000 @4% / FD Regular Saver £3,600 @6% (12 of 12) / TSB Classic CA £2,000 @5%
    Clydesdale Direct CA £1,000 @2% / Santander ISA £700 @0.5% / Premium Bonds - £100
    Halifax Reward CA (£5 per month) / Santander 1|2|3 CC (cashback)
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