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Financial Association on Joint Savings Account?
Just a quick one, about to open a joint savings (first account opening with other half) and wanted to know if that would create a financial association on our credit records? I think I read that it would only do so if we had an account together that allowed us to have CREDIT, which obviously the savings account won't do…
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HSBC Online Saver - move to new 'Bonus' account or stay put?
Hi there, I have a HSBC 'Online Saver' account (which I think is 5.25% AER?). It seems this product is no longer sold, and there's a new 'Online Bonus Saver' replacing it at 5.5% AER. I'm not going to be taking anything out of the account, so the question (finally!) is... Should I be upgrading to the new 'Bonus' package…
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AVCs
Has anyone any knowledge of AVCs . I am due to retire shortly and contributed to an additional employers sponsored AVC scheme above my occupational pension scheme. The total value of the AVC is only £5500. I am allowed to commute 25 percent (£1300) Monthly pension is £15 per month before tax Its a measly pension and would…
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Northern Rock Bond maturing - reinvest?
Hi everyone, I am looking for some ideas/advice. I have Power of Attorney so I can look after my mother's money, she lives in a care home and her investments pay her bills. I had invested £50,000 in a Northern Rock Fixed Rate Bond that will mature on 1st April 2008 and I cannot decide what to do with it. I am tempted to…
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How to invest money for the next 3 years, please help!
Quick question - I know Martin suggests to fill your cash ISA first each year for savings then into a high interest savings account but what other options do I have? A little background - I'll have an initial cash sum of £3500 to invest then £200 a month for the next 3 years at which point I'll probably want to take it all…
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Should I pay tax on savings if I'm not earning
I have £35k in savings in an ICICI savings account and I've been out of work for a few months now but still paying tax on my savings. Is this correct or should my savings not be taxed if I'm not earning?
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compensation schemes
Can anyone clarify this- martins info says icesave only compensate up to 20,000 euros but their site says it has both schemes and that after paying the 20,000 euros then the british scheme kicks in and tops up to the current £35,000.Many thanks
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student with excess student loan money
The interest rate hike on the student loans from 2.4% to 4.8% means that having a big student loan isn't all it's cracked up to be. By April my natwest current account will have around £4000 and an overdraft of £1500, some of which is loan, some of which is grant. (Which means I'm being charged 4.8% on an ever looming…
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where to put 350k for 6 months
Hi, We are selling our house and going abroad for 6 months. (bit of a long cheap holiday in the camper van) Where should we put our money so we can access it from Europe and get the best interest rate? we will then return and want to buy another house. we are self-employed but have not earned any money for the last year so…
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£1500 to save, what to do?
I've got £1500 i'm saving and was wondering what was the best way to use it? I'm pretty clueless to be honest so apologies if this is an obvious question I dont need the money any-time soon but may need to use it with short notice Would an ISA be the best place to put it? Thanks
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Help and advice needed for unqualified wanabe Financial or Mortgage advisor
Hi everyone, I'm considering becoming either a Financial advisor or Mortgage advisor but don't have a clue where to start? I've got a degree and have been working in sales for four years so this has given me some good experience. I was looking for a job that would help me get either cemap or cefa qualified from scratch and…
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Northern Rock Protection Question
Just a quickie are NR still insuring 100% of savers money? Many Thanks
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annual savings
Dear steven 12 months ago Lloyds bank offered a monthly saver account, that if you put in £500 and £250 per month for a year, you would recieve 8%. This i did and was led to believe after the year i would recieve 8%of the total. but have recieved £158. As anyone else queried this, I am also a non tax payer, What amount do…
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Investing in Global Shares
I have been told that the best time to invest in Global Shares are when the stock markets are doing poorly. It would seem that with whats happening in the United States that is the case. Is there a particular market i should focus on or should you spread risk by buying from many markets or investing in Global Shares. My…
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http://www.julianhodgebank.com/
Wondered if anyone has opinions on these people. :think: http://www.julianhodgebank.com/
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High rates for savers in the Credit crunch-true or false?
We all keep hearing that 'savers are getting a great deal' right now because of the credit crunch and banks needing to attract liquidity. Just wanted to know how many people finds this to be true. I personally think that just prior to the credit crunch (July/August last year) there were much better saving deals to be…
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United Trust Bank
United Trust Bank. Does anyone on here have anything to say about this Institution please. I am about to close a Barclays Account that keeps dropping its interest rates allmost weekly to invest in the United Trust Bank Fixed Rate 6 Month Notice High Interest account Oh by the way they are an FSA Authorised deposit taker…
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Gold
With the pound falling and gold rising I was wondering how is the best way to invest a little money in gold. I'm told that in South Africa, you can buy Krugerrands over the counter in any bank. can you do the same for Britannias or Sovereigns over here?
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Diversifying out of the pound
I am Swedish, but have been living and working in the UK for the last six years. We have just seen the pound lose 20% of it's value against the Swedish krona. Although we have no plans to move back unless this recession really gets bad, we would like to try to hedge our savings a bit if the UK really collapses. How do I…
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Savings and Income Combined – New Tax Code
Hello, If in the future, you are working, and are well under the 40% tax threshold, so any income you receive from your savings by way of interest can be taken into account, but you still are under the 40% tax threshold. You pay 20% tax on your savings, which the savings product institution automatically withholds; and…
