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CTF for children born berfore 2002?
Can you set up a Child's Trust Fund for children born before 2002? My children are 11 & 13 and I am interested in setting up some form of a CTF for them. Is this possible? I know I won't get the government contribution, but can a CTF be set up for me to regularly pay into and for them to access when they are 18? I'd…
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£5000 best way to invest for child until 18?
Hello, I have £5000 to invest for each of my two children aged 1 and 3, given to them by their grandfather. I want to invest it the best way possible and will not need access to it until they are at least 18. Savings accounts? or other ways? Please advise as most info I've read refers to instant access accounts not long…
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Easy Access Savings Account for Children
My son has just started a paper round and wants to open a savings account so that he can start saving his hard-earned cash. Ideally he would like one that has a reasonable rate of interest but also easy access (ideally with some form of cash card). Does such an account exist or are they all bank/building society-branch…
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trackers and indices
hi i was thinking of tracker funds, and how they aim to replicatethe performance of an index. now i realise that management charges (though low in trackers) and other expenses mean that it may slightly underperform the index. however, where do dividends come in? with the ftse 100 yielding nearly 3% then surely that should…
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alternative to a CTF
We currently have a CTF set up for our 5mth old DD, which is being paid into by various rellies, me and the wife would like to start up some savings for her, in our names. No matter how well we teach her there is always a chance that on her 18th her CTF will be spent on tatto's and alcopops, we wouldlike to be able to give…
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Saving money for our children to access at age 21
We have opened regular savings accounts for our children (in their names) which we have been putting money in for birthdays, christmas etc and this will be theirs to spend when they are 16 and take over the account. However, we want to set-up additional accounts which we don't want the children to know about and that they…
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The tables have turned
6 months ago we were up to our eyeballs in debt, earning a pittance, and at our wits' end. Last week saw the first milestone towards our recovery - we sold our suburban plot and now have enough money to pay off the debt, and put down a deposit on a more modest home. Our mortgage will be £100 lower per month also. So, we've…
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Newbie Saver - suggestions on mthly and lump sums saving
Hi I have a new job that pays me in varing amounts every month, I have a household budget which sets out how much I need to live comfortably, but with my new job I have on average so far this year had £533 more than what I need. So I would like to start a saving plan to make the most of this. This is what I currently have…
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12k, where would you invest it?
doesnt neccessarily need to be "instant access" but at least 1 month notice.
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Savings accounts that provide savings "book"
Hi, My new partner whilst being extreemly organised re money (every last penny gets entered into her "sums book") she is unfortunately a complete technophobe. My mere mention of online banking can give her nightmares for days :( She is looking for a home for £3k and I instantly recommended Cash ISA but can't find any that…
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pensioner - tax on savings?
Hi all, If my elderly relative has a private pension that brings her earnings to just over her personal allowance (she pays about £140pa income tax) am I correct in thinking she has to pay tax on her savings account interest? i.e. she shouldn't request to have her interest paid gross. Thanks in advance.
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NS&I Index-linked Savings Certificates ??
Hi, Can you invest in these if you've already used your tax free ISA allowance; and IF SO, is there a limit as to how much money you can invest in any tax year? I'm guessing you can't invest more than £15k in any tax year....? Also.... if I initially invested say £5k, could I then invest a further £10k in that same issue…
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Your savings and investment porfolios
I would be very interested to hear what sort of portfolios members on this site have, it may give others ideas as to what are good and poor investments, what has and has not worked for particular members etc. My own portfollio is rather mundane as I am really only starting off but it is as follows. £2000 in premium bonds.…
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ICEsave Vs. ICICI
Hi all, I've just filled my ISA up for this year and now have £3k to save. Definately want an account I can manage online and from scanning the site its appears Ice (5.95%) and ICICI (6.05%) are clearly the best two options. However, from my research it appears a few people have had trouble with ICICI in the past. Can…
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A&L Regular saver
I have just opened a A&L Regular saver (12%). I am now thinking of opening one in my mum's name and making payments into her linked current account as well. Is this allowed or do a&L require my mum to make the payments
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50K To invest
Hi All, My dear old mum has had to give me 50k to get her below the inheritance tax threshold. I have to give it all back (on a sliding scale after 3 years) if she passes away within 7 years( I would think this is unlikely). I have a 44k endowment mortgage which will be out in 5 years, should I pay th is off (I have no…
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fixed rate bond NR 5.3%
we have £100,000 in a Northern Rock 1 year bond which matures on 1 August 2007 if we take the money out we will lose 2 months interest,would this be foolish, if we then put it in a bond at 6.3%?
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IFA v IFP????????
Hi Guys,Can someone help me and explain what's the difference between:An Independant Financial Advisor (CETFA) &An Independant Financial Planner (CETFP).Thanks in advance.Please move if in wrong place .... thanks...Spikey
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Question about fund charges
Hi.... I have 3 funds in a Fidelity ISA... I have a question about how they collect the charges (you know the 1-2% "annual management charges". Do they send you a bill?? Or do they just take the charges out of the balance, so that it is reflected in the return? Thanks
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Will £12k BONUS pay affect tax deducted from my savings?
My salary is £30K. I could be getting a bonus of around £12K before tax shortly. As I understand it, the 40% tax band kicks in at around £34,600. Will this £12K bonus technically make me a 40% tax payer for this year; AND how will this affect my tax situation regarding my savings of approx £45K? Tax is currently being…
