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Help needed for financial numpty!
Hi, any advice would be appreciated. I have never had any "spare" money, but last year I inherited a house from my Aunt. It requires a complete re-furb. Roughly my options are - a) sell "as seen" to a builder - b) re-furb using builders (estimates coming in are in region of £30 k and then sell c) re-furb and then rent out.…
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Tax Free Savings
I was told some time ago that on top of ISA (or TESSA as it was then) tax free allowance I was allowed to save up to £21 per month into a particular type of account and that this would also be tax free. I set up an account with Tumbridge Wells who are now the Childrens Mutual. However my recollection of the details of the…
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Emergency Fund (Cash Cushion / Contingency Fund)
Hello, I'm 30 years old and am happy to report becoming debt free - other than a mortgage. I would like to store / save / invest app. £6285 as my Emergency Fund. I haven't used my ISA allowance. I work in Education in a Mangerial capacity - on the support side not teaching. I have no ideas yet where the best place to keep…
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Small savings - are they in the right accounts?
Hi, Hoping i can get some feedback on my current situation. Age: 22 Wage: 19k. No Pension. No Debt. Outgoings - very little (live with parents). Savings Accounts: Britanna ISA - 6k (and full for this year) - (5.4%) Britanna Direct Saver internet only - 7k - (5.76gross - 4.6% net) I've been saving quite a bit of money…
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Correct amount of tax on intrest>?
Hi, I am a basic rate tax payer and i have £15k in saving via icesave and i currently get around £55 pcm after tax though i am getting taxed at around £10 pcm... does this sound correct to you? Cheers
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Help with Maths please
OH ( non tax payer) has opened A&L regular saver 12% and will drip £250 each month from a savings account paying 6.25% (gross and net). I ( high rate tax payer)am being badgered to do the same. Drip feed from OH's savings so 6.25% (net)to 12% but this would be taxed. Is it worth doing for me? Leave the £3k in OH's 6.25 %…
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no checks when opening savings account
I have opened a savings account. The customer advisor just asked for ID, address, and the opening deposit. I just realised that the customer advisor didn't check the electoral role and CRA to match the information provided on the form and documentation (ID and address) provided.... Is this a flaw?
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Inflation falls to 1.9% in August report
CPI down to 1.9% http://www.bankofengland.co.uk/publi...t/irlatest.htm surprising.....
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Free £20
Open a Savings account at ING Direct before the 30th Septemeber and they'll give you £20! http://www.ingdirect.co.uk/offer20/
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savings calculator....
hi guys i lost my bookmarks last week and i need the web address for a calculator i used a lot. it was a calculator that was 'purple'ish' in colour and you could do everything from savings calcs to mortgage borrowing etc. can anyone help? (i got the link from someone on here4 ages ago!) cheers
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Liverpool Victoria
My mother took out a with profits growth bond with Liverpool Vic it is now five years old so theres no MVA she can cash in it has not performed too well as original investment 15k has made round 3.3k over five years however surrender value is 14.7k and she has been advised of a possible tax liability of 2.7k. Surely when…
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Daily Interest
Due to frequent fluctuations in a savings account,I want to calculate the interest earnt each day by inputting in an excel spreadsheet. Is my thinking right: If interest is 10% then daily interest is simply 1/365th of this ie 0.0002739726? If I have one column for the amount in savings account each day and another for…
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Alliance and Leicester Direct Saver??? Anoy have one? Any good?
Opinions and reviews for this account welcome....Better than Icici??
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Lloyds TSB Cheque Book for 17 year old!
My friend who is 17 has somehow obtained a Lloyds TSB cheque book, along with a Visa Debit -the same as mine. I was wondering really how he managed to get a Cheque book out of Lloyds TSB; I asked them about it, and they said that they don't offer the service! I know his parents have a mayfair banking account (i.e. Lloyds…
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£20,000 what should I do with it.
Hello Hope you can Help. At the min I have £16,695 in an ISA with Natwest which give me about £78 a month. I have £20,000 all together to save were is the best place to put the money I dont have a clue what to do. I need to have instant access to money as i want to buy a house soon. Thanks
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Short Term Investment Of Lump Sum
Hi, My first post so hope its in the right place? We will receive a lump sum from our remaining endowment mortgage policy at the end of September (£27,000) and its actually giving a small bonus! :j In February 2008 our current 2 year fixed rate repayment mortgage deal ends, so in looking for a new deal we aim to make a…
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Investment trust question about discounts
Hi, I have my kids' child trust funds in investment trusts by Foreign & Colonial. What I would like to know is, how does the "discount" work? For example, the Global Smaller Companies trust is currently trading at a 10% discount. So then, say I buy £100 worth of shares for £90. So far so good. When it is time to redeem the…
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Advice please on Savings of £300k
Please could you give me a little advice! My parents are selling their house and will have £300k cash left over. They will need the money within the next few months when they buy another home. They are moving in with family until they find a new home - where should they put their money. Probably a 30 day notice account…
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ICICI bump it up to 6.75%
http://www.icicibank.co.uk/hisave_termdeposit.html This is a 1 year term savings bond. I cant really see any point, as soon IRs will go up by .25% and you will get 6.55% on the regular account.
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free €20 for signing up to savings a/c
For IRISH citizens only (hope thats allowed!) If you are looking to open a savings account with 5% apr try rabo direct. Online bank. I am a very satisifed customer. +if you want to sign up pm me your email I will send you a link and you will get free €20 once you sucessfully signed up!
