-
Question on RDR/Kickbacks
Hi Im aware alot of IFA's and financial geeks post here and just wondering if anyone can offer any help on the below which i am trying to get my head around, as i am researching to enter the industry. Firstly i have read into RDR and the impact it will have on kickbacks/retrecessions being abolished and the changes such as…
-
Can I look up final bonus payments on with profits?
Have an endowment with Weslyan due to mature in 2018 and I am happy with. I get details of annual bonus rate each year and although I know any final bonus rate in 2018 will be different (or even zero) just to get indication is there anywhere I can look up the 2012 final bonus rate just to get an idea? I asked Weslyan and…
-
axa cash builder fiasco
I have been trying to surrender two of these policies for the past 3 months. Axa are terrible. I kept asking for the surrender forms and they kept failing to send them. After numerous phone calls and two months I asked for them to be sent by recorded delivery and they said it would take 2 weeks so I said no chance. Then I…
-
Saving and pension planning from abroad?
Hi all, Embarrassingly, I'm only just starting to look at my financial situation and future at the age of 32. I have been living and working abroad for the past 9 years. I am currently based in the EU but I haven't always been. I may or may not be returning to the UK at some point to study and then live permanently, this…
-
Savings Interest Per Tax Year
Quick question, is yearly Interest on savings account calculated ourely on the money out in during the year or for all funds in the account? EG - Tax Year 1 - £5,000 put in Savings Tax Year 2 - £5,000 put in Savings At the end of tax year 2, would my interest be calculated on the £5,000 put in the a/c in tax year 2 or…
-
How should I organise my savings?
So I have read all of Martin's advice regarding Savings & Investments and have decded to open up a Santander Cash ISA. I only bank with HSBC and realise their savings accounts are not great apart from their regular saver, which I opened last night. At the moment, I can only save £3000 a year. In ADDITION to this, I want to…
-
Short term savings
I have some money that I want to invest for about ten months before using it towards a property purchase next year. Looking at the various instant access savings accounts, I notice some pay interest monthly and some pay annually. I understand about the effect of compounding on monthly interest but, if interest is paid…
-
Santander ISAs
-
Savings & Investments for our children
We are looking to save for our children through two sources: i) gifts from our extended family; and ii) savings/investments we would like to make on their behalf. We don't want to put gifts from others (i above) at risk therefore we want to avoid stock market linked vehicles but we are open minded on this point in terms of…
-
Short term savings
I'm remortgaging my flat and releasing equity to increase my deposit on a house. I will soon receive £40k for approximately one month. Any suggestions as to the best place for this money? Savings are in ISAs so thats a no go, but it seems a waste to leave the money in a current account. Thanks!
-
Selling Santander shares after death
My father passed away last month and had 300 Santander shares which we now need to liquidate. After contacting Santander today, they advise that as there is no probate, (he didn't leave much money) that we need to use their small estates scheme which will cost £74. Does anyone know if there is any other way around this…
-
Cashing aviva bond
My mother has had a 5 year with profit fund. It has just matured and she has been informed there will be a charge for every time she withdraws money. She was under the impression when she took it out in 2007 that she could just take out the ammount when it matured. The ammounts involved are that she invested £122000 in…
-
Savings Abroad
hi ... i have savings in an account in another country .. i have been adding to it over the last few years as the intrest rate is so good , it was a way of paying of our mortage early .. my question is ... do i need to declare it when i bring it back into the UK. I have paid tax on it in the account it it in at the moment…
-
Why do accounts have to be connected online?
Opened a Halifax Passbook saver today, I know crap interest rate and should of gone with the YBS Triple Access Saver. (YBS Branch no where near where I work so will go at weekend and change account) Anyhow's Just signed into Halifax to move 1k over to them for my £5. While on their website I noticed I can now get to my…
-
Need to push savings income into next year, but might need money
So, as the title says, I don't want to receive any more interest income in this tax year if I can possibly avoid it, I want to push it back into the next tax year (as my marginal tax rate if I receive any more income is going to be 60%). However, I expect that I might want to buy a house next (calendar) year and therefore…
-
The First Direct regular saver loophole?
Hi, how do I get the First Direct regular saver without making their current account my main account or paying in £1500 a month? I remember seeing something on here before but can't find it. Many thanks
-
What would you do with £45k?
My parents-in-law have generously decided to give us some inheritance money now as they want us to benefit from it now and not once they die. So I have a couple of questions if that's ok? Firstly, who do we need to tell about this money? I realise it's not eligible for inheritance tax as the amount is too small, but we…
-
First Direct Regular Saver
They told me that when I open the account, the first payment is taken immediately. If the first payment is 30 July presumably the next SO will be set up to go on 30 August. What happens if I change the SO to the 2nd or something like that? I believe the £1500 funding requirement for the current account is every calendar…
-
Halifax Young Saver - not on online banking
Hi, I have 2 Young Saver account - previously Child Regular saver which was changed to young saver once the year was over. I could able to access the account online previously but now they have disappeared from the online banking. Anyone else having this problem? MS
-
Karlsson Chase opinions?
So, a few weeks ago I was called up out of the blue by someone from Karlsson Chase wanting to talk to me about investing in shares in the Carbon Offset market. I wouldn't normally talk to someone in this way (it was a blocked number but I was waiting for a GP call which is also number withheld) but was interested enough to…