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Advice on saving for children (not mine)?
I have a brother who is very much younger than me, he was 13 recently. For a long time I have been thinking about putting money aside for him so that he can have the same opportunities that I did (eg. help towards university if he wants it, which I don't think my parents could fund, or if not then help towards whatever he…
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internet banks
i've tried to open accounts with 5 banks recently - 2 internet banks -icesave and kaupthing opened without any hassle and up and running weeks ago - 3 bricks and mortar banks - abbey, birmingham midshires and bradford and bingley still not open and nothing but hassle and delays - the icelandic banks may have supposed shaky…
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Best option for a 16 yo
OK, so heres the deal. I am 15, and turning 16 in october. I have a fair amount of money saved in a Halifax Save4It Account, and I want to start putting my money away to get the most out of it. I don't want to gamble with the stock market, at least not in the near future because I don't want to end up with no money for…
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transfers in on an isa??
hi sorry if this is a daft question but trying to sort out my dads finances!!! he has about 16k in 3 different cash isas but they all pay poor interest is it right i can transfer these to a new isa that accepts transfer in and then not use his allowance for this year??? we were looking at putting it into IceSave Easy…
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NS&I Childrens Bonus Bonds
I have 2 children aged 18 and 15 (16 in 5 weeks) who both have childrens bonus bonds that they have held for 15 years. They are just coming up for their 5 year anniversary and I was thinking of cashing them in and putting them into a different savings account as the rate of interest doesn't seem that good. The 18 year old…
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How is interest calculated on savings accounts?
Hi Guys, I wondered if anyone can help me with recommendations for savings accs for what I need. I have a graduate od to pay off but it's interest free until oct, so it's occurred to me that just for those few months over summer, I might be able to earn some interest by storing my wages in a high interest savings acc and…
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pay off overdraft or save first?
We have an overdraft of £700 :eek: and i would like to reduce this to £100. Problem is we are saving for a house as FTB and our goal is £5000 in 6 months. Do we keep overdraft as it is and save like mad for a house or try and pay overdraft off before saving and extend our saving time another 3months or so? Sarah
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Avoid Allience & Leicester eSaver account
I applied to open an eSaver account with Allience & Leicester back in March and just can't get them to process the application. I've spent a long time on the phone to their helpdesk (not a freephone service), and they won't even put you through to the relevant dept (as they are too busy processing applications), suggesting…
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Best short term savings account inc monthly paid interest?
I'm building up my savings until they reach £1000 which should be by July, then putting the lot into a Kaupthing Edge account. In the meantime I'm trying to find a savings account to put my money in as it's building up, and it's important it includes the following: * The highest AER possible * It allows me to withdraw the…
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Expat moving back to UK
I've been living & working in India for the last 4 years. My UK company opened up an office in Jersey, who employs & pays me, into an account in Jersey, & I haven't been paying any UK tax on these earnings. I am not currentley a UK resident (was born there), but will become one again when I move back soon. Not been back to…
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isa transfer
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student savings
as a student do i need to pay tax on my savings because i dnt quite fancy that i do have an isa but is there any other savings account i can open without playing tax???
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Can I dripfeed in money like this?
If I open a Kaupthing Edge savings account at 6.5%, can I then transfer £500p/m to an A&L premier account and then then transfer £250 to the 12% regular savings account and £250 back the to Kaupthing account?
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Tax and childrens savings
Just a quick query. My 18 month old son has just over £800 in a childrens savings account, earning a failry respectable amount in interest. It has been saved by my partner and I and both sets of Grandparents. I am sure i read somewhere that once he starts to earn over a certain amount each year in interest it becomes my…
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Cash Isa help
Can anyone assist re the best cash isa for my circumstances 1. Need instant access 2. Probably not fill it up to the maximum (guessing £3k in stages until next April) 3. Be able to transfer out next year 4. UK only many thanks Wooders:T
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Savings and Investment Review
Hi All, My wife and I have recently both moved jobs and are in the fortunate position of having a slight increase in salary. We're both in our mid-20's with myself working in Local Government (with a Local Government pension) and my wife working for a small social enterprise firm (no pension). We've been doing a review of…
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Finding the best exchange rate...
Hi, I need to cash out a large sum from Party Poker, my account there is in USD and I want to cash out to my English bank account (Halifax). I know Party Poker offers a poor exchange rate, but I can cash out in USD. I assume Halifax will then convert the amount to GBP? If so what is the best way to check Halifax's exchange…
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Question about compound interest
Having read the article on the main site, I thought I understood compounding, and the reason why AER is different for interest credited annually or monthly. However, I have just been reading the small print of the SAGA fixed rate account, which states that interst is calculated daily. Can anybody explain what is meant by…
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Tax advice needed on overseas employment
Hello all you wizards, When woking in Norway, do you pay Noggie tax or UK tax?
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Birm Midshires e-saver - does it take joint accounts?
Would like to know this before filling in the on-line application form, which at least in the initial stages doesn't indicate whether joint applications are acceptable. Thanks
