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Tax situation with investments on death
Hi there I am currently in the final stages of dealing with a relatives estate. I am aware that any cash in savings etc is subject to inheritance tax. However, what about investments? I am assuming my relative filled in a tax return every year on the profit/loss of his investments. How is this calculated? Also, is this tax…
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investment advice
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New ISA with Halifax 2012-2013 Enquiry
I had a old ISA with halifax, matured April 2012 and I received the interest. This week I added £90 into the old ISA. Today I opened a new ISA with Halifax and did an online transfer manually of the 'old money' into the new ISA account. 1. Should I have filled out an online transfer form? 2. Can I still put new money into…
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Here are my details.. am I now in the higher tax bracket?
Hi for years I always thought to determine your tax bracket you simply look at annual gross taxable earnings (after pension cont etc) and compare to the higher rate which for year 2012 - 2013 is £42,375 so as long as you earned less than £42,375 you were in 20%. I call this "top down" My Gross taxable salary is £39,372.…
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Help please - investment fraud
Am hoping for some expert advice from regulars in this board. A friend of mine works abroad quite often, posted on behalf of his UK firm. He manages all his finances electronically; I collect his post (he lives in a communal building) and make sure his home is secure, which thank goodness it has been. He's also as careful…
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Money Saving throughout the business
Has anyone got any innovative ideas of saving money daily throughout a business?
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Childrens savings and the 100 rule to avoid tax
Understand the limit is £100 annual interest from gifts made by each parent. If in year 1 the child earns £40 in interest, how is the interest treated in year 2 that is earned on this £40 ? Is it treated in the same way as the underlying gifts that generated the £40 or, since it technically wasn't a gift but an earning…
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co op or Britania
Have a matured bond for a fair sum matured today. Want to put it with either of the above in a 3 year bond account. From the blurb in the savings section here; Interest is paid at maturity with Co-op, or annually with Britannia. With both it can be paid monthly. Does that get compounded with either? and which will pay best…
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Somewhere to save?
Hi folks, I've been putting £50 away a month since ocotber 2010 and been adding to come christmas and birthday, for my boy. Its in a child bank account with Lloyds tsb, in his name. I want to move it else where in his name but me being in charge of it, but unable to access unless in emergencys. Can anyone give advice on…
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JISA problems/best provider?
Hi there, I have done a bit of research into this and cannot find a provider that suits my needs. Also with all platforms subject to changing charges this doesnt help either. I'm looking for a provider that lets you access a decent amount of funds like the adult version. The stumbling block is the minimum lump sum of £500…
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Free Forex seminar (is it a scam?)
Hi All, I accepted the opportunity to attend a free Forex seminar (for 2 hours) to learn more about stocks and shares. However i'm not sure whether it is a scam? It is being held in a reputable place but i am still suspicious. How much can they teach you in 2 hours? Would it be better to use some free online resources,…
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Accounts crediting interest only on closure
Anyone know who is currently offering accounts that only credit interest on closure of the account. I don't mean fixed term bonds that credit interest on maturity. Thanks.
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MSE Fantasy Share Trading Competition
Stealing this idea from another forum, a fantasy share trading competition. *You don't need to be experienced* The competition will consist of a league table, and very lenient rules - this will be good practise for all participants (and free!). Another good thing is that it is impossible to cheat. Starting rules: Start…
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Bank of Baroda
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Natwest Isa Issues
Hi all, I wonder if anyone could provide me with some advice. I transferred my Natwest Isa in April (got the referral from this site), however they took 7 weeks to transfer it across which i complained about, they said they were backlogged with requests blah blah and they told me my complaint was logged and they would…
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Post Office Online saver issue 5 - monthly interest
Hello Please correct me if I am wrong, but I thought I could receive the monthly interest from my Post Office Online saver issue 5 directly into my nominated account (so into my current account held with another bank). Isn't that so? I thought I had set it up like so when opening the account, but my first monthly interest…
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Advice on First Direct Internet Banking Plus please.
Hi, I have set up Internet Banking plus, with First Direct, and I'm really pleased to be able to see everything in one place. I have 2 questions that I would like opinions on please. 1) Is it safe to have so much info in 1 place? 2) How do I set up my Barclays Bank account using the card reader so that it can be seen on…
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Local Credit Unions and Charity Bank
I was thinking of putting some savings into either the local council run credit union or Charity Bank http://www.charitybank.org/ Not to get the best interest (clearly) but because I am fed up with the shennanigans of the 'big boys'. Has anyone used either? Cheers
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Medium Term Saving of a large Lump Sum
Hello, I was recently lucky enough to inherit some money. Now that all the tax and fees and things have been paid, I appear to have about £25,000. I also have a student loan to pay off worth £27416 which rises by approximately 30 quid per month in interest payments. It seems to me that there is no advantage in paying off…
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question about x-o.co.uk
Hi I cant get through to x-o.co.uk. I opened an account and have one part on the form which I am not sure about. On the form it says I wish to transfer my account in cash, in shares or both. I have shares which I want to transfer and no cash and do not want any shares to be sold and transferred into cash. Am I reading too…
