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UKLI administration - advise needed!
Hi, I'm new to the site and am looking for some advise. Someone in the family invested on 2 plots of land with UK Land Investment and around a month ago they went into administration. I've recently been made aware of what's going on and have done a little homework on the internet and have found out some interesting stuff…
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If Icesave collapsed...(Financial Services Compensation Scheme question)
Will the FSA's 35k guarantee include interests or just the initial amount you deposited into the account? From their legal page. http://www.icesave.co.uk/legal.html "Payments under this scheme are limited to the first €20,887 (or the sterling equivalent) of your total deposits held with us. You have further protection from…
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A&L current account / regular saver
I'm in the process of setting up a few regular savers accounts (as per the advice in Martins fountain savings method) and noticed A&L have one which offers 12% gross AER but you need to have a Premier Current account and the t&c on the account state you need to have your main income paid into the account - a minimum of…
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Faster Payments sort code checker
Thanks to today's Working Lunch (rarely I expect that's wrote around here :rolleyes:) for the following: Sort code checker - The Faster Payments sort code checker will be available from 27th May 2008, when the phased roll out of Faster Payments begins. http://www.apacs.org.uk/sortcodechecker/
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Trying to work out interest when retired..
Hi...wil have about £390.000 to put in bank after retireing..£30,000 will be in Isas..( Say @ 5.5%).if the rest..(£360,000) is getting ,say,5.5%/yr....and the personal allowance is £6,000.......at 20% tax.I calc. that We will get about £23226/yr...does this seem right? Ian thanks
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Birmingham Midshires eSaver and 1yr fixed rate
The BM eSaver is currently offering 6.5% gross (http://www.askbm.co.uk/savings/i/easy/product.asp?id=151) and the 1 year fixed rate bond is 6.87% (http://www.askbm.co.uk/savings/i/fixed/product.asp?id=149) Are these good accounts, has anyone experience of them? (I've narrowed it down to UK ones, using up Icelandic…
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RBS Shares Rights Issue
Had all sorts of info through and can just about make sense of it. Tempted to buy them at the offered price of £2 but can't seem to find out if I get any recompense for NOT buying them and the right being taken up by someone else. Anyone who knows the facts be delighted to know!
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Timing the market
Most people seem to buy at the top and sell at the bottom. The equity income boom got people into income shares, which have in some cases tanked by 50%+, despite being supposedly bullet proof. Then people piled into China, and now all into commodities. On timing, people bought last year, things looking good, come January…
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Confused
Hello all, I am slightly confused as to what is the best deal. I have just over 2k to invest. What is my best option for optimal interest? I dont need to touch the money long term so would be happy for an account that I cant touch for 5 or even 10 years. I currently have a mini stocks and shares isa but not sure how safe…
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Calculating interest
How do banks do it? Now i have to admit i am not bad with numbers ( i have 2 degrees in Maths!) , but i cannot get this numbers spot on. I will use the Lloyds tsb monthly saver account as an example, as this one should be one of the easier ones to work out. I open the account with £500 (on the 5th) and then every month on…
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Birmingham & midshires e account
If I transfer money from the B & M e saver acc to my nominated acc is the transfer instant ? Thank you.
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aviva shares /best deal
hi i have aviva shares, they are changing the way they/we can reinvest the dividends back into shares, the old way was fee free,the new way is done by a outside company who now want to charge commission at 0.5% and stamp duty reserve tax @ 0.5% on the market value of the shares purchased, last divided was £ 470.00 and i…
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Close to Safety Net
A family member is close to the 35k FSCS limit on an ICESAVE account. From next month he needs to find another product to keep the risk lower. Currently Kaupthing is top of the charts as well as A+L e-saver. Would you in his position go to Kaupthing and keep all the money Icelandic or would you go to another countries…
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Self Assessment and Savings
Hi guys, wasn't sure where to put this so apologies if in the wrong place. My mother is in her late 60s and has all of a sudden been asked to submit self assessment returns for the last five years. She is very anxious and troubled. They refuse to pinpoint what exactly has led the tax man to demand these returns. She has…
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Yorkshire Building Society - 2 Year Fixed Rate Bond
YBS released a new 2 year bond today with a good fixed rate for this period. It pays 6.50% AER with a choice of either annual or monthly interest. If monthly then this must be transferred to another account. It has the major plus of not being Icelandic.…
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Fund I was looking into
I have lately been looking at funds (over the past few months) and found my favourties. I am at the moment only looking to put in £50 a month just to make sure I do not over budget. Now my fund is based on global growth bladdy bladdy blah. However, over the past 6 months it has been degrading and the % growth has been…
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Ing Savings
Hi, My sister wants to open an Ing Savings account but she has a very bad crediy history - I mean this by defaults and CCJ's. Is it still possible to open up an account with Ing? Thanks MS
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Does the share price matter.
Hi, could the informed people of this forum please tell me, does the share price of a company actually make any difference to the Company itself? Does it affect the day to day running? I assume if a company is a going concern and the price drops lower than it's real value, it then becomes a take-over target. thanks for any…
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So whats ur plans for doomsday?
Every where I turn (financial magazines, on here, news etc) smarter people tha me are predicting financial meltdown for the global economy especially for property and investments (of which I have both). what are you plans to protect yourself? Do you cash in your investments before they substantially depreciate or do you…
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Different tax bands - juggling our money
Hello My wife and I both recently opened (separately) a number of 12 month fixed rate savings accounts. At the time we were both basic rate tax payers, but I've just got a new job which will push me into the top rate. What I would like to do is "transfer" ownership of the money in my accounts to my wife, without (assuming…
