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Savings & investments

Archives for January 2008

Confused?? Save or overpay mortgage?
Please help as I'm abit confused (just read the 100K off mortgage thread and it spun my head a bit!). My situation seems similar but simpler so if I could ask your advice anyway. Basically we have a £55K mortgage and about 12K savings. I'm basically getting abit pig sick of shifting between ISAs only for them to lower the…
Savings Interest
Sorry if this is a Homer moment but ... I currently pay 20% interest on my savings. Is this reducing to 18% for 2008-09. That is, is interest gained from savings regarded as subject to CGT ( more accurately is it termed CGT ) ? Again, apologies.
Buying Euros for house purchase - best rate?
Hi, A friend of mine is buying some land in Spain and needs to transfer about £50,000 into Euros and transfer this to Spain. He is looking at High Street rates which are dismal - please can anyone recommend somewhere he could go to get a good rate and low fees for this? Many thanks in advance. Regards
savings
If I had £10,000.00 to save is it better in a mini ISA for tax free savings or in a Barclays savings builder account
Norwich Union Investment Bond ?
I want to withdraw £1000 from my Bond and the telephone advisor asked me to confirm my withdrawal in writing . She also asked me to confirm if I wanted the units cancelled from 1 of the 250 units I have or ,spread across the board .:confused: I am a basic rate tax payer and she said it could affect my tax . Not sure which…
Property Funds & Investments
Hi wonder if anyone can help. Invested money using an IFA. First time investor. Invested as a cautious investor. Special requirements documents say investments to be in cash or guaranteed investments. Invested 50% of my investment in Sterling Property Fund and the rest in the Norwich Union Property fund, have now lost all…
Looking for accounts requiring notice not instant access
Probably been asked before. I don't want instant access, I want to have to give a bank or building society notice of say ,1 3 or 6 months to withdraw cash. At the moment, I just dip into savings and fritter them away - takes only a phone call to bank to transfer funds back to current account, hence hole in the wall. Got an…
Confused
Hey there :smiley: Id be very grateful if anybody out there kindly explained the following to me . Worked example: If you invest the maximum of £250 per month, a total of £3,000 will be paid into your account during the 12 month term. At 12.00% interest, you would earn £195 gross. Shouldnt earnings be £360 gross (12% of…
Hoodless Brennan - £5/qtr charge if not used
Looks like Hoodless Brennan charge £5 if you don't trade in a quarter: Maintence FeeIf you do not trade in the previous quarter you will be charged a maintenance fee of £5 inclusive of VAT. http://www.hoodlessbrennan.com/products-services/online-trading/ Can anyone suggest completely no hidden-fees alternative. Selftrade…
stockd and shares ISA
I have a stocks and shares ISA with the Halifax. I understand it a Corporate Bond (I dont know which one) - I get a small quarterly incopme from it. It is losing money and I would like to know how I can keep some sort of track on it. It seems that when the footsie is doing well, my ISA drops and then the reverse seesms…
Capital gains
Sorry inadvance if this is in the wrong thread, Can on-one advise me the following.. My sister is old enough to have her own ISA account. I thought I will give her £3000 to start off with then another £3000 next tax year and continue to carry on funding her accounts every year until she finishes uni and finds herself a…
ICICI HiSave question
I'm thinking about opening an online account with them as a 2nd savings account but it asks during the application process that you need to send them a cheque with a minimum of £1 deposit. I have a current account but I don't have a cheque book, will they accept a cheque payable from someone else? or does it have to be…
Savings & Investing - Financial Fool Needs Help!
Hi Guys, In a bit of a pickle at the moment.. I've happily been plodding along with my current account from Barclays and having my wage go in there and spending, and not really saving naff all. However, I have about £5,000 to play aroun with to try and earn more from it. My knowledge of the finacial market is poor and all…
Slightly complicated...
Hi I was hoping for a little bit of advice, I've been reading all the old threads and martin's articles, but I'm a little bit different, so heres hoping you guys can help. I'm currently doing a second degree, and working part time, as of March I'm getting a pay rise so will be over the tax allowance, I have a £38k mortgage…
Best account for £30K
My sister is hopeing for a payout of £30K from her ex to buy her out of their property, what she wants to know is, what is the best account to put it in as she won't be in a position to buy just yet but would want access to it should she need any of it. Any advice would be appreciated. regards VLT
Internet Savings accounts & BACS deposits
I have an Egg Savings Account - although I imagine this simple question applies to most internet only accounts. Can you have monthly interest from a BS or bank Fixed-Rate Bonds paid directly into an Egg Savings account or similar. It seems an unnecessary added step to have to deposit it to a current account first and then…
Online easy acces saver account?
I'm looking for some advice about an easy access savings account online. I have just got the capital one cashback credit card. When I use my card I want to put that amount away from my current account so I pay the bill off every month. I don't intend to use it as a credit card but just for the cashback. I'd like an online…
Friends Provident - being taken over?
Hi, I've had in the post this morning some bumph about JC Flowers making an offer to acquire Friends Provident. Please does anyone know whether, if you are a shareholder, you would receive any monies if the takeover proceeds? Also I have a with profits endowment policy with them which I am just selling - would this be…
Northern Rock vs. Stocks and Shares ISA?
Serious beginner here guys. Ive been paying attention to Northern Rock and they have this fixed bond account 6.9% until next year. Should i just load my money into that or would i make a better return from a stocks and shares ISA? Doesnt neccassarily have to be either - if theres a better way to make a good return, im all…
Gifts From Children
What are the rules on minors making gifts to grandparents - do they have a £3000 p.a potentially exempt transfer (PET), in the same way that adults do?

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MSE News

Ofgem proposes new 'no standing charge' Price Cap – but Martin Lewis warns vulnerable customers need to be opted in or it won't work
Ofgem has today launched detailed proposals for a major shake up to its Energy Price Cap that dictates the price over 80% of homes in England, Scotland and Wales pay for their energy bills.
Lloyds, Halifax and Bank of Scotland to cut overdraft rates for millions but hike them for others – here's what's happening and full help
If you're a Lloyds, Halifax or Bank of Scotland current account holder, the interest rate you're charged for using your overdraft could change soon as part of a fees shake-up. The Lloyds Banking Group, which owns all three brands, says millions of its customers will pay less after the changes – but a "few" will pay more.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more low-income households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Martin Lewis: At last a chance to fix Council Tax flaws impacting millions – debt collection, difficulty challenging your band, discounts and more
Major flaws in the Council Tax system in England could finally be fixed in future, as the Government has launched a wide-ranging consultation to review hideous debt collection practices, the difficulty of challenging your band, the overly complex and horribly-named Severe Mental Impairment discount and more. MoneySavingExpert.com founder Martin Lewis, who has long campaigned on these issues, shares his response and analysis.
Energy complaints to be dealt with more quickly and Energy Ombudsman to get new powers under Government plans
If you have a complaint about your energy firm, it may be resolved more quickly in future, as the Government has announced a raft of proposals to strengthen consumer protections in the energy market. The planned changes include giving the Energy Ombudsman new powers to force firms to comply with its decisions – but it's still very early days. Here's what we know so far.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Base rate held at 4.25% – here's what it means and when it might be cut next
The Bank of England has held the base rate at 4.25%. Below we explain why, when it might be cut, plus what it means for your mortgage and savings.
Applied for South West Trains 'boundary fares' compensation? Act now to claim it
If you applied for compensation from South West Trains before the deadline in January 2025, you now need to provide your bank details to the claim administrator so it can be paid to you. Here's what you need to know.
Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payment this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.

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