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Savings for kids over how to claim back tax over £100 interest
Hi, Just trying to find out some information on child saving taxation. My child has near £6000 split between 3 accounts, two in my name and 1 in my partners. Held in my name is about £1250 in a 3.25% interest account and 2155 in a 3% account (easy access). Held in my partner name is £2500 in 4.25% account. If i understand…
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Halifax Preference Shares
I've just come across my certificate for 400 Halifax Pref Shares which were issued to me back in the 90s when I was a Birmingham Midshires customer. Does anyone know whether they're still worth anything, and if so, how I go about cashing them in? TIA :)
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Merchant Capital
Does anyone have any idea of the status of Merchant Capital who took over from Key Data investments.Any info would be appreciated.
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£120k to Invest - I get to keep the Interest...
My Mum has moved in with me and my kids. It's a great arrangement for all concerned. She's now sold her little Bungalow and has made a good amount of money. She's keeping £50k to play with, take some holidays and just spoil herself. That leaves £120k to "save" (or invest) somewhere. She's happy for me to take charge of…
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Money earning poor rates...
Hi all, First time poster in here. In the current climate, is there any way to get decent returns from savings? I have 2 Santander ISAs paying about 1.5% on a combined total of a little over 25k. I also have about 15k in a 123 current account (and I just did a 10k overpayment on my mortgage). Is there a better way to get…
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Short Term Help
Hi, I've recently received 20k which I plan to use when I go travelling for 8 months or so from the 1st August. Currently the money is sitting in a current account not doing anything. It would be great to do something with this until I go away/ until I need it whilst I'm away. Any suggestions?!
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Advice on types of Savings Accounts
Hi there - I'm looking for some advice on the best types of account to use for 2 savings scenarios. Really not sure where to start! 1. Account to add a lump sum loan to for use on a regular basis as we do some house renovations over the next couple of years. Needs to be instant access but as it's a few thousand, I thought…
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First Direct Everyday Savings Account
I've just received a letter stating that the interest on this account is going to change: Current rates: (Existing customers only) £1 - £49,999 0.10% £50,000 and over 2.00% Rates from 1st March 2014: £1 - £49,999 0.10% £50,000 - £149,999 0.75% £150,000 and over 1.00%
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8-10K to save. Advice needed
HI I am currently a student in my third year of an engineering degree. I have had a 4% fixed rate ISA holding money for two years that matures in March 2014. This was maxed out and will give me nearly six thousand in March. I also have roughly 4 thousand saved from summer placements and things. I do play on-line poker in…
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Whats so special about income?
This is a potentially rather silly question that I am a bit embarrassed to ask. :o It came out of a discussion with an IFA some years back and has been niggling ever since. The discussion was regarding the setting up of a SIPP - he was very keen I had a balance of income and growth stocks. If we are talking about…
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Post Office Online Saver - Can't get back my money
I have an online saver account at Post Office, and recently I need to get some money out of it. Every time when I try to make a withdrawal to my nominated account, it says 'Transfer cannot be applied at this time.' This has been going on forever, I just want my money back, have anyone of u encountered this problem before?…
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Inheritance cash
Hello all. I'm a bit rubbish at understanding all things money so was hoping to gain some assistance. My children (2 boys) have both just received almost £8000 from their great grandad in his will. It stipulated that no one should be able to access it until they each reach 18. Please could someone help me on what is out…
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Best Childs Bank Account
HI All, I am looking into setting up a small savings account for my niece and nephew (3 & 5) I am not necesarily interested in the best interest as it will be low volumes of ££ but more along the lines of what will be the most / fun encouraging for them to save. For example I have the Natwest Piggy Account when I was a…
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Help with interest rates
I would like to put £10000 in a fixed rate savings account. I understand that my money will be locked away for one year. What I don't understand is exactly how much interest i.e. money I will make by the end of that year. These are the facts: the length of term is one year as mentioned above, the gross/ AER is 1.95%, gross…
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Mutual Windfalls back?
windfalls on the way: http://www.telegraph.co.uk/finance/personalfinance/savings/9899870/600-windfalls-for-15000-mutual-members.html the members have voted overwhelmingly in favour: http://www.marineandgeneralmutual.co.uk/members/egm-2013/ perhaps Carperbagging could be on the way back:idea:
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Soon to be debt Free now it's time to save
My wife and I will soon finish our mortgage So from October 2014 ( after all other debts are cleared including a big holiday:j) We will be able to put a minimum of £1200 per month away in a savings account.This amount will be absolutely spare so we can do a no access account if that is better? We have an Isa with around…
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Not a Joke
Hello all- this is my first post but have been an avid reader of these forums for years- myself and my wife are in the process of selling our business which will be concluded in march-June. I have booked into meet an independent financial adviser in January (advice gained from this site) we will be getting 2 million for…
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saing or investing?
Hello there, I moved to the UK recently. I have savings back in my country, of which Im thinking whether to bring here. Im so to say quite amateur saver in my country. But I don't know some peculiarities of the UK market (like all sorts of mortgage types - in my country we don't differentiate mortgages, there is just one…
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L&G UK and Overseas Equity Fund
I am looking at consolidating all my small pensions into one, so I have more control over them. The only one not to touch is the defined benefit one i have, not worth a lot but still doesnt make sense to move that. Anyway, one of my pensions is invested in the above fund, but i cannot find a current fund price for it. I…
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Nationwide Flexclusive current account
We already have a Flexclusive joint account with Nationwide and have been looking at their Flexclusive account, paying 5% interest, providing terms are met. Can anyone advise if we did decide to transfer to new account online, whether Nationwide would need all DD account information, etc. when they already have this…