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How to manage elderly parents' finances?
I'm stepping in to help my elderly mother manage her and my dad's finances. They are both 80 years old. He has dementia as well as being physically frail and we will need now to draw on his money to pay for care that he now needs. My mum and I both have Enduring Power of Attorney and we are about to register it because of…
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Business Savings Accounts
I have funds locked into a limited company maturing from a business bond early next month c£150k and need to find a home for them. Current rate is 3% and there doesn't seem much available and not keen to take the funds out for personal investment at present in view of the tax implication. I have no need of them within the…
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Faster Payments - transaction limit or daily limit?
I'm still a little confused about Faster Payments. I want to move a sum out of Barclays that is higher than the FP limit. So I've moved the amount that is allowed, but am not sure if I can also, on the same day, send another amount to a different bank. So is the limit - a daily one, or a transaction one? Sorry if this is…
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icici savings bond
Hi I am thinking of saving £17000 in their 5 year bond paying 5%,I am happy to tie the money up for 5 years, just wondered what you all think of this savings plan and ICICI Thanks
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Starting Out
Hi. I’ve just started looking into buying and selling shares and was wondering if anyone has any recommendation about where to go to do this online. From reading over the site, naming a few that popped up quite a bit were, Halifax Share Dealing, Hoodless Brennan and iii.co.uk. Does anyone use any of these services and…
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Threadneedle
I just wondered if these S&S might be approporiate for a 17 year old (designated account for the moment)? Threadneedle American Threadneedle European Smaller Companies I appreciate that these are at the higher risk end, but he has many years in front of him before he needs any of the money.
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Ombudsman Compensation or Penalty - Please help
I've just been on the phone with the Ombudsman Service following a complaint I submitted on my father's behalf in January 2009. The ombudsman agrees with my father and has suggested he is compensated by PAYING money? Too long and boring to explain whole story, so in brief. In April 08 Barcalys Capital brochure offered an…
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CGT and Income Tax
Hi, I currently have a fair amount of savings invested in stocks, but am currently unemployed. My wife works and earns about £20,000. I am obviously a little bit concerned by the likely increase in CGT, because any income we receive from our investments makes a big impact on us, so a potential change from 18% to 40% is a…
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What to do with a large sum of money....
Hi all I would be grateful if anyone could offer me some advice! I've got £70,000 that I want to save and obviously try to make some interest on. There is so much on offer that i'm finding it quite difficult to choose. I have found the Lloyds ebond which is a fixed 3 year deal that pays 4.10%. This ebond pays the interest…
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NS&I Inflation Beater Risks
Attention has been brought this week to NS&I's "3 and 5 year Index Linked Savings" that pay interest at 1% above the Retail Price Index. If the R.P.I. takes a tumble can this mean R.I.P. for your savings as the deposited CAPITAL is eaten into? Can you LOSE money with this product?
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Balanced Investment Portfolio
I wondered if there were any rules-of-thumb for a making sure that you have the right mix of OEIC investments. ie: 60% UK equities 20% European 20% American
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Saving in partners name
Hi, I am a 40% tax payer, and my wife is 0% We can both use our ISA allowance to save each year. We have a joint account for day to day stuff. but for savings account, is it legal to open the saving account in just my wifes name so that we can claim no tax on it? Thanks
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Capita rip off
Is there anyway of claiming my money for shares owned in a company that was taken over without using the Capita Tracing Solutions (rip off) service? I had shares in Amstrad who were bought out by Sky TV, I dont recall getting the any paper work from Capita registrars about the take over but I was emmigrating to NZ at the…
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Is this correct??
Article in today's Gruaniad in which Martin says ''You can get 8.5% interest if you're in credit at the Alliance and Leicester;'' So, is that correct and which account? Thanks.
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Overtrading
Please excuse my ignorance…… When share-dealing, what is meant by "overtrading" & why is bad?
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monthly savers
Hi there I have a complicated system to try and make the most of my money which consists of drip feeding money into two 12-monthly regular savers. I'm coming to the end of my 12 month term with the banks and wanted to ask a few questions. But first here are the details of my bank accounts: A) monthly savings account with…
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Hendersons Extra High yield Bond unit trust
This is ex New Star, and now Hendersons are planning to change the funds investment policy quote - 'giving it the power to utilise derivatives for investment purposes as well as efficient portfolio management (which will include expansion of the investment and borrowing powers of the fund to permit investment in…
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rubbish ISA interest - what do i do?
feel a bit let down really as i thought my money would be in safe hands, but i opened a cash ISA a few years ago, for when the kids reach 18 to give em a bit of a start. i rarely check finances, (yes i know, my fault :-), but i just assumed alliance and leicester would just look after it to the best of their abilty so i…
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Gold ETFs' $2.3 bln inflow highest in 12 months
NEW YORK, May 12 (Reuters) - Gold exchange-traded funds, including the popular SPDR Gold Shares, have seen more than $2.3 billion in net inflows in the six trading days ended Monday. TrimTabs Investment Research said on Wednesday that the net inflows into gold ETFs are the highest in 12 months. Last Thursday during the…
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Austrian Mint Sees Gold ‘Panic Buying’ Fueled by Greek Crisis
The Austrian Mint, which produces the popular Philharmonic gold coin, sold more gold in the two weeks from April 26 than in the entire first quarter of the year because of soaring demand in Europe, it said on Wednesday. The mint sold 243,500 ounces of gold in coins and bars in that period, compared to 205,000 ounces in the…
