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Need to comply with Will...
My father died nine years ago and left money for my son to have when he reaches 25. I was an executor to his Will - along with two other family members. (My son is now 13 years old). When Probate was granted, and funds released, I invested my sons inheritance in Premium Bonds, automatically reinvesting his wins into more…
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Best place to put £22 a month for 25 years?
Hi A friend has just given her God son £1000 for his 25th birthday she has saved this over his life. I thought this was a really nice idea and I'd like to do the same for my nieces and nephews as I have no children of my own. I'd be saving £22 per month over an average of 25 years, this would give me £1500 for each of them…
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cofunds and the closure of hallmark haven,harmony strategy b and horizon strategy b
hi. in 2005,on the advice of an ifa,i invested in the above funds. i have now received correspondence from co funds that these funds are being closed due to their being too small,and received valuations of my holdings,or distribution amounts which i assume are the same things. i have perused this site and googled the above…
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Care Home Investment
Hi there , Been restructing some finances recently and noticed this : Care Home Investments has anyone had any experience of these people , this look pretty good but I am naturally sceptical ! thanks
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What would earn more interest...
which would earn more interest? £5000 in an isa at 2% or £5000 in a savings account at 3.5% but interest gets taxed... someone able to work it out :) or is the tax free isa always the best option?
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Tax question
I'm maxed out on S&S ISAs and want to buy some Investment Trusts outside ISAs. If I buy accumulation units, and after say 5 or 10 years sell units, do they count as income and have to be added to gross income for income tax or are they capital gains? If capital gains then presumably you could sell £10600 each year (if…
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Morrisons Share Save
Hi, the company my friend works for is doing a share save scheme. If you go to the below link and click 'Apply Now' the details and terms etc. can be found. http://www.ybsshareplans.co.uk/morrisons/en/home All looks good to me and I was going to advise them to join (with whatever they can afford to commit to every month)…
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Shares
My wife and I have shares managed by The Share Centre,just a single company each,Vodafone and Ladbrokes,no portfolio of shares. Problem is they keep on charging management fees,and we've had absolutely zero return over many years from our investment as their fees consume much more than any dividends. For example my shares…
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Bonds and Gilts - Index Funds
I need to add some Bonds and Gilts to my Fund ISA, currently 100% equities across a wide range of asset classes, to provide some defensiveness. I know little about Bond and Gilts. I am looking for Tracker Funds, to keep costs down, and would appreciate some incite as to what other investors have in their portfolios. I hope…
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Tax Return question
Do OEICs have to be entered on tax returns ? I know that ISAs don't - but OEICs are already taxed at 10% .... What about income / growth earned from the OEICs ?
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any advice you can share?
Hi all! Can I please pick your many brains on investing and saving for my future please? I’m hoping to create a mastermind group Via this forum so I can draw on your many years of experience and combined knowledge. The scenario is this; My dad has offered me approx £25000 as my inheritance (hopefully very early so he can…
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How to get 7.29% on £2,500 by using two different current accounts
I read this article about drip feeding deposits and daisy chaining them across accounts and thought it deserved a wider audience. Has anyone done this? Sounds good (but complicated!) maybe it's one for MSE Towers to take a look at?!…
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Barclays isa 2012/13 lost?
Moved 5.5k into an existing Barclays Tax Haven ISA online on evening of 5/4/13 whilst watching Martins reminder to use it or lose it! Received statement today to find that they had dated the transaction 8/4/13 and after checking online have moved my money back to ordinary savings! After talking to CS they have apparently…
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Joint Account for Savings Plan
I apologise if this has already been posted recently. Me and my girlfriend have over £20,000 to invest in an ISA we are looking to add £1000 a month and use this for a deposit after a year of saving. I am finding it very difficult to find a joint account for this amount of money. Has anyone got any suggestions. Thank you…
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Eggs in one basket?? Good or bad idea?
I'm struggling to find an ISA where I don't need to be a current account holder or have lots to invest. My options are very limited but one provider where I do fit the criteria is my mortgage provider. Now I'm a little unsure about this. Would it be a good or bad idea to open a savings account with my mortgage provider? I…
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Saving for children, Savings or ISAs, please advise!
Hello, I have two children and want to open two savings accounts, one for each of them. Ideally I want two identical accounts to keep things simple. I want them in my and my wife's names to stop the kids from blowing the money on something silly as soon as they're eighteen, and we don't need quick access to the money…
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Setting up a savings account for a grandchild
I have two grandchildren and want to set up savings accounts in their names - I don't want to save money for them in my name for tax reasons. I know they already have savings accounts set up by their parents, but for reasons I'd rather not go into I'd prefer to keep the accounts with me as a signatory. Is it possible to do…
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UK Savings account for non UK resident?
Hi I'm hoping someone may have a good idea here - I read the latest info on which savings account to consider, but I have a bit of a unique situation... I've been living and working for a German company in Germany for 2 years now but recently started a MBA back in the UK. Every 6 months I need to pay them £8,500 in fees…
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Investment gone bad, solicitor advice?
Hi All i have made an investment with a timber company which in hindsight I shoudn't have. Its not a huge amount - £5000 but I have been told I may have a case. Can anyone suggest a solicitor or law firm that may be experienced in this sort of thing and what kind of fees they charge. Any info much appreciated. R
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Funding For Lending likely to be extended to Jan 15
There were murmurs of this in the budget but it looks to have become more concrete so keep an eye out for those fixed rate deposits http://www.cityam.com/article/lenders-set-cheap-funding-help-until-2015
