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Is interest taxed based on the financial year it's earned or paid?
I've not been paying tax this year as I've been studying but I'll be earning again (hopefully!!) in 2013/14. I have money in a savings account that will pay out annual interest in July. Will the whole lot be taxed because it's classed as 2013/14 income or will tax only be paid on the interest earned from April onwards? Was…
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Scottish Widows Flexible Group Personal Pension (GPP) Plan
Anybody got one of these animals? Scottish Widows Flexible Group Personal Pension (GPP) Plan? Having not long amalgamated my contracted out pension into my newly revamped former works pension plan (Friends Life Group Personal Pension Plan), then painstakingly made fund selections, considered asset allocations etc...... now…
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How do I save money on electricity and gas
Hello. Me and my dad plan to start a small business in London. Planing to rent small room for your bakery. But first I wanted to know which tariff fits best for bakery business to save some money. I have looked through some websites of celerity provider companies and their prices differ so much, there are tones of tariffs…
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financial adviser no longer authorised
I've just discovered that our financial adviser is not truly independent and, as of last October, is no longer authorised by the FSA. Would welcome advice about what to do next.
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Offshore Banking-Best Deal?
Dear All, We live abroad in the EU but would like to keep a GBP savings account, do you know a company that provides a good rate of interest on a fixed term of 3 years? Many Thanks :)
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Isa transfer twice in one year?
I recently transferred my old Cash ISA to the M&S Advantage Cash ISA after seeing the good interest rate on MSE. Now M&S are dropping the rate by 1% and i wanted to ask if it's possible to transfer again to another bank in the same tax year seeing as i have done once already? Thanks in advance for any advice.
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When should I transfer my ISA?
Hi guys, Need some advice, its my first time moving my ISA but I am not sure when to move it, do I move it before the new financial year or after April the 6th? I dont want to affect this years ISA interest by moving too early. Any help would be most appreciated! Thanks, Alex
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Stocks/ Shares qn. Tax allowance , Please help
Hello, I was looking for information on paying tax on investment in stocks, ISA. Please could you have a read through and if you have any information on this question, please could you reply. I appreciate your time greatly and I thank you for your valuable time spend on this query. Summary: Husband & wife are UK resident…
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Platform re-registration - Snail or Cheetah speed?
I was wondering if anyone this year has tried to re-register investments from one platform (or direct holding) to another platform and how long it has taken, and how they have found the process? Re-registration is where investments are transferred 'as if', so the existing investments just move to the new platform, rather…
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Buy/Sell spread on investment funds
The funds I'm currently invested in have the same buy/sell price, and I thought this was standard with funds. But a couple that I'm looking at have a sell price of 6% less than the buy price. Why is this? Is this effectively a 6% fee on these funds? Why would I choose them when there are many others that buy/sell at the…
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Tax on investment plan cash-in
I am just applying to effect a partial cash-in on my Prufund Investment Plan, which came to its five-year fruition last June. The Pru are asking me which way I want to divide it up, either by cashing in a number of discrete policies out of the 20 total, or by skimming a percentage off of them all. I'm told that the…
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Investing in defensives
Hi all, Id like to max out my S&S ISA for 12/13. Im a very cautious investor and so have nearly all my investments in Invesco Perpetual High Income fund. This has performed consistently since I invested in it, however Im aware that I have all of my eggs in one basket. Are there other defensive funds which arent 'in the…
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Australian savings to UK
I'm currently living in Australia and plan to for another 12-18 months. We are trying to save what we can so we can return to the UK with a savings pot for whatever, deposit, wedding, rainy day. The exchange rate is good right now from our position but I'm not sure if I should start sending lumps back or hold off to see if…
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savings and investment for a 13 year old
hiya. I'm new to this but I need advice.. my 13year old daughter will be getting about £2000 which has been left to her and I want to do the best, maybe a savings account that she can't touch until she.s 21 or something.. I have no idea what to do or what to look into
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Dunfermline Platinum Monthly Saver
Opened one of these on Saturday with a £500 deposit. could someone look at this http://www.dunfermline.com/templates/Product.aspx?id=27168 and double check my thinking. I've made my deposit for period 9 March - 8 April which means my next deposit has to be made sometime between 9 April - 8 May? Hope this makes sense and…
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Best savings/investment for a regular monthly ammount
To cut to the chase, I am looking to save/invest a guaranteed £180 per month from repayment of a house I part-own. What is the best way to use this money to maximise return with medium risk. I already use annual ISA allowance, so that's not an option. Many thanks :beer:
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Car at 19 years old ? (financial info included)
I am 19 years old with about £5,000 saved in my ISA account (this is pretty much my life savings). I am going to university in september but I really would like to own a car. its not a necessity but I would thoroughly enjoy having one. My unis will be close to my house (1 hour and a half being the furthest one) Now, a car…
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Interest when transferring ISA
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NS&I's Crystal Balls
In today's post - an NS&I letter of the 5th March 2013: "Certificate number: xxxx Maturity date: 9 April 2013 Estimated value on maturity: yyyy The estimated value is based on the Retail Prices Index (RPI) figure for March 2013. The final value of your Certificate will be calculated using the RPI figure for April 2013,…
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First Direct Banking Fee Waiver reduced to £1,000
Amongst the secure messages in my Inbox I read this today:- "4. We're changing one of our Banking Fee waivers so you do not have to pay the Banking Fee if you pay in or maintain a balance of £1,000 in your 1st Account each month (this is reducing from £1,500 per month). The changes will take place on the dates detailed…
