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Reclaiming tax from savings interest?
My earnings have been under the tax threshold for the past 4 years. I have held savings accounts for all this time but never got around to reclaiming the tax that was taken from the interest. I've had a quick look on the hmrc website and there is a form i need to fill out to reclaim the money back, however my question is -…
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Derbyshire BS NetSaver (issue 10) - Power of Attorney
I look after my Mother's finances using a power of attorney and am used to being very frustrated at financial institution processes. I am not used however to the aproach of the Derbyshire BS to their netsaver product - PoA applications are not allowed! The reason given was security but it seems more likely to me to be cost…
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Interest rates..long term?
Hi....assuming no crystal balls...is it the general feeling that rates are unlikely to reach the heights we have seen in the past....will 4 or 5% ever be seen again?
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What to do with £100.00
Would we be best paying £100.00 per month into a savings account or pay this into our pension or should we pay the money on top of our normal monthly mortgage repayments?:cool:
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7k ~ Best Place To Get Max Return?
Hi There I have approx 7k currently in a Barclays e savings account and want to put it somewhere safe to get the best return whilst having the flexability of having access to approx 3.5k of it. I currently save £300/mth which is added to this figure but are confused as to the best choice and way forward maximise my return?…
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Childs savings.
My 13 yr old daughter has just been given a gift (cheque) for £9000 by her grandmother. She has a Junior Cash ISA with Halifax (receives 8% interest as I also have one with them). I am thinking of opening a Young Savers Account to pay the money into then transferring £3600 into her ISA (minus the small amout we have paid…
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How long can you hold cash in a stocks and shares ISA?
I have a stocks and shares ISA and currently hold cash in it rather than a fund. Can someone please tell me under HMRC rules how long am I allowed to do this? I hear that the money can be returned to you if not invested. Very hard to find an answer on this anywhere. You only get a vague comment from most places. Thanks for…
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5% on year-long fixed accounts !
There is an article in the MSE suggesting its possible to obtain 5% on £100,000 deposited in year-long fixed accounts......... can anyone please tell me who is offering such rates..... The article appears under the heading "Do you live off savings interest?" When using fixed rate savings, you won't usually get paid monthly…
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Calculating share price on day of transfer
Hi peeps, My dear granddad has kindly transfered some of his share certificates into my name. Does anyone know how to work out the share price on the day of transfer with regard to tax return purposes (for his and mine). All I've got is the certificates with the date they were registered in my name (i.e. no time or price).…
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I'm taking the plunge.... Retail bonds.
Hello all, After a long time of debating if I what I should do for my plan for the future I've decided to start by buying some retails bonds. I already hold a small amount in cash isa's. First a big thank you to everyone who post on here, reading old threads and replies is a great way to learn. :T I just thought I would…
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Students.... ISA or Savings?
Hi there, I'm a student and have recently been left some money which I'm trying to make the most of. My question is, as a student not paying tax, will an ISA be beneficial to me or will I be better off investing in a savings account. I'm not sure if it will make a difference or not but I'll be receiving the money in…
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Santander phone call - not good
I had a call from Santander today telling me the rate on my eSaver account will be soon cut to 1.5% from 3.2%. I opened the eSaver account on the 11th/June/12 and understood at the time that 3.2% would be effective for 1 year. I'm now told the present rate will expire on the 11th/Mar/13, so 3 months earlier than expected.…
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Savings Advice
Hello forum, this is my first post so please feel free to redirect me to correct place for this I am a recent Uni graduate and have recently taken a new job closer to home, with a bit of a pay increase (up to £33k from £30k p.a.) and the girlfriend and I are now seriously starting to save for a house deposit I have moved…
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Switching from Natwest to Santander 123
Following Martin's fairly glowing piece in this week's newsletter, I'm having serious thoughts about making this switch and have a couple of specific questions for anyone who has done the same (or similar, from another of the Big 5, or 4 or whatever it is now!). 1. I use Natwest On-line quite a lot and find it in general…
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MSE News: Banks not giving adequate investment advice, says FSA
"One in four investors are not receiving good enough advice from their bank, a mystery shopping review by the FSA shows..." Read the full story: Banks not giving adequate investment advice, says FSA Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our…
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Bradford & Bingley
I've recently found an old Bradford and Bingley savings book which has money still invested in it. How do I get it out?:)
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Do I declare the interest now or when I get it.
Right Chaps, perhaps someone can advise me. Basically I have money in a bank account of which the interest does not mature until July 2015. Regarding my tax code, the taxman asked me what would I be expecting to get in interest for the 2013/14 tax year and I said nothing as I was/am under the impression that since i won't…
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Do I declare the interest now or when I get it.
Right Chaps, perhaps someone can advise me. Basically I have money in a bank account of which the interest does not mature until July 2015. The taxman asked me what would I be expecting to get in interest for the 2013/14 tax year and I said nothing as I was/am under the belief that since i won't be getting the interest…
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Complaint settlement payments & tax
I seem currently to get more in payouts from savings institutions, due to their incompetence, than I do in interest. My question is - if the payment is just for the stress, inconvenience or expense incurred by rising complaint, and does not include or excludes any monetary correction elements, that should have been paid,…
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Calculating total costs of Vanguard Lifestrategy fund
This is probably a really simple question to some of you experienced investors, but how do I express the total costs I'm paying investing in Vanguard through my HL ISA? As far as I can see, I have to allow for: 0.22% dilution levy 0.33% AMC £2 platform fee I'd like to see how the fees will drop as a % of my investment over…
