-
Hopefully this isn't a silly question...
...well I'm sure it is but I'm a bit clueless. How is tax deducted from savings? If I have a current account that I keep all my money in which pays a decent rate of interest, will I be taxed on that, or is it just regular savings account that are taxed? What is the benefit of saving money in an ISA rather than keeping it…
-
standard life shares, georgeson
mypartner just recieved a letter saying she has 200 demutualised shares with standard life worth 402.00, bit less now as the price has dropped since they sent the letter, if she sells them after georgeson take there 10% plus vat she will recieve maybe 300, to 350 pounds, the shares are quite low at the moment, is it worth…
-
Friendly Societies
We have just received a leaflet promoting friendly societies as a good way to save tax free. I don't really know much about them, does anyone know where to look for information or have any opinions about whether they are a good idea or not.
-
Natwest is safe now yes?
I had forgotten that natwest is owned by RBS, now has RBS been bought buy the government?, just like BBB and Northeren Rock? Does that make Nat West Safe? im confused again!!
-
Euros???
Hi, I've got roughly £20k in savings and am thinking about changing it all into euros and deposting it into a foreign bank account, or keeping it with my current bank (if you can do that?). My thought is that the pound is currently dropping like a lead balloon and looks like it will definitely fall below the euro. Does…
-
Close an Isa for better Savings account rate? Advice sought.
Hi, Just got around to checking out my recent interest rates and i'm wondering whether to close my two isa's in favour of a higher rate savings account. Is it worth closing two isa's, one with 3.5k @ 2.5%, another with 5.5k @ 1.3% for a savings account rate @ 3.75. Would the improved interest rate cover tax and once moved…
-
Premium bonds - worth buying now interest rates collapsed ?
Previously premium bonds were unattractive but as we head toward towards 0% savings accounts are premium bonds more attractive as an investment? If we enter a deflation I assume you can't lose your capital in premium bonds so you would get a return whatever and further the fund has an 'interest rate' (although they don't…
-
Global banking crisis...what banking crisis ?
There is absolutely no banking crisis in SE Asia, I assure readers. No banks are in trouble, none are teetering on the brink and I am sure the same is valid for dozens if not hundreds of other countries. In fact Thailand's official reserves at $108 billion are over twice the size of the UK's and Singapore has reserves…
-
ING Letter re rheir interest rate
I have just got a letter from ING-Quote-Following the reduction in B o E base rate, we are pleased to let you know WE WILL NOT BE PASSING ON THE REDUCTION IN FULL i signed up when they were offering 4.72 (3% plus bonus) they've now reduced it to 3.72% (2% plus bonus) How do they work out they've not passed on the full…
-
Britain on the brink of an economic depression - Saving? Investing?
If this grim prediction does come to pass - or at least a very deep and long recession - what should our savings and/or investment strategy be, other than just sticking our money in a safe!? Britain on the brink of an economic depression, say experts Britain is heading for economic depression for the first time since the…
-
HALIFAX Children's Regular Saver
Hello, I want to start a children's regular saver account with Halifax in my son's name. I read through their website as much as I could, but I've got a few questions: 1. Can my son have more than one of these accounts with different trustees? 2. Would the interest be taxed? I would appreciate any pointers on this, since…
-
Cahoot cuts savings rate to 1.5%
Honestly, what's the point in saving any more :mad:
-
Are tax-free savings for part-time ex-pats covered?
I have my savings in a UK bank plus a foreign but UK registered bank. It is a normal current account but I filled out a tax form confirming that I am not in the UK for more than 3 months a year (I am a British citizen though) which means that I don't pay tax. It isn't an offshore account though, it's a normal account on…
-
Cycle Trends - its just a con isn't it?
Had a flyer for Cycle Trends in Moneyweek - a quick google found their site - http://www.cycletrends.co.uk/ Now this is the usual Fleet Street Publication con isn't it, just like their penny shares news sheet from years ago. So has anyone taken up this Cycle Trends offer and what was the result? If not how about ten of us…
-
Social Lending
My husband is thinking of using Zapu ( think that is the name) to invest some of out precious pension pot.. any thoughts?
-
30K to lock away for 7 months
Hi can anyone recommend an account where i can invest 30k for 7 months with maximum return. I dont need early access & i dont need to dip into it. Thanks
-
Tax not deducted at source savings accounts?
Hi my partner won't be paying income tax for a few years so want to take advantage of that and find savings accounts that don't deduct tax at source. Can anyone suggest any, or where I might find a Best Buys list of such accounts? Many thanks, Tony
-
Advise for new shares trader
Hi, i was wondering if any one could help me. What happens if you own shares in a buisness and the business becomes fully nationalised.Do you loose all your shares?. Thanks in advance to anyone who replys. Kindest regards
-
Saving as a student, please help!!!
Hi there, I'm a 4th year medical student in belfast. I recently got my overdraft extended to 10 grand (0%!) so I can go on my elective. I don't need all that money so I thought I'd stick some away...and i need advice. Should I go with a cash isa or a fixed term bond? i've never had money, either have my parents so I don't…
-
Cash Isa, Fixed Or Variable
Hi, I have a Lloyds isa. Is it worth taking up their offer of securing another year at a fixed rate of 3.50% or is there anywhere better? Plus, what do you all think regarding whether to go for a fixed rate or variable rate. What's likely to be the better option?
