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Advice for young saver. Best place to grow my savings.
I'm 21 and currently living with my parents in London. I've managed to save around £13k but it's just languishing in a current account gaining next to no value. To put the reasons for saving into perspective, I really think renting is a total waste of money and so I am aiming to save a deposit and go straight into owning…
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Children's Savings
My partner and I have savings for our 10-year old daughter in a Nationwide Child Trust Fund, Halifax Regular / Young Saver accounts and a Lloyds Young Saver Account. We pay money on a monthly basis into the Halifax Regular Saver, which pays 6% interest fixed for 1 year and then the balance is transferred to a Halifax Young…
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Shares ISA Trading
On the MSE ISA Guide it gives an example of a shares ISA: "Situation: Mr Rich Devil invests £11,520 in a shares ISA at the beginning of the tax year. Options: He may sell the whole investment, or part of it, at any time without losing the tax benefits. But no more may be bought inside that year's ISA wrapper." I understand…
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Share dealing companies
Sorry if this is posted in the wrong section but I'm looking for some advice around selling my company shares. I work for Tesco and invest monthly into share schemes and receive free shares yearly. My recent issue is selling the shares. Historically, I have used Equiniti which is the company which manages the schemes…
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Virgin Money
Hi. I am thinking of opening one of their accounts and am wondering what experiences other MSE members have had with them regarding efficiency and ease of paying in and withdrawing money. I already have the usual bank accounts paying 3% and need an account to 'park' money that I will need at a later date ,possibly later in…
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Tesco Bank
Is anyone else having trouble with Tesco Bank? Internet Saver opened online six weeks ago. Setting up a direct debit to pull money from a Santander 123 account was part of the application process and is working. Opened a second Santander 123 account but could not set up another direct debit with Tesco Bank because Tesco…
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Bank didn't notify me when they cut savings rate
I've had an RBS account for several years. I was getting 3% interest this time last year. I just checked the website, and the rate's been cut to 0.5%. It wasn't a short-term bonus, 3% was the headline rate. To be honest, I'm surprised it wasn't cut earlier. I'm annoyed, though, because they didn't notify me before they did…
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Move from HL? Vanguard LS vs Blackrock Consensus
As I recently mentioned in another thread, I currently have about £30K invested in VLS60 within a SIPP at HL. My wife has a smaller holding of the same fund within an ISA, also with HL. Disregarding the question as to why I have the fund in a SIPP instead of a personal pension (£24 pa platform charge pre RDR was cheap and…
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Current ISA with 11.5k in it what to do?
My current ISA has paid 0.25% over the last year. Should i just take the cash out and reinvest it in other accounts. I read somewhere that withdrawing the cash is a no no due to losing tax free benefits. Its not been a good ISA for a year though so does this still apply. Or i could take some of the balance out and transfer…
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Looking for Advice
So I might be moving to a new job soon. I am looking for some advice on what to do with my 401k. I have been doing some reading and I see i have 3 options. 1.) roll into new employers 401k plan 2.) roll into an IRA 3.) cash out. I understand for long term options 1 & 2 are better, but i am young and do have some debts. I…
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Question about paying tax on current account interest
Hello, I'm researching ISA's at the mo, but have noticed that the Santander 123 AER is 3% on balances over £3000. My husband and I have about £16K between our two ISAs which we could pool in my name. I earn about £8.5-£9K over the year, but am self employed as well as employed part time, so I end up paying PAYE tax, which…
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Dividend Reinvestment
Hi, I've been researching for the past couple of months on investing in shares. Its something I'd really like to get started with and would like to focus on companies that offer a dividend reinvestment plan. I am however finding it difficult to bring together all the information to get my foot in the door. I have a range…
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Historical Share Prices
Hello I have to value 250 Alliance & Leicester Shares held on 6 October 2003. Can anyone tell me where to find historical A&L share prices for that time? Many Thanks
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Multi Manager Funds
Looking for some help on finding the best comparison sites for MM funds. I am more than capable (I think) of selecting my own funds but for portfolios I manage for my wife and my ma-in-law who have no knowledge or interest in such things, I worry about what they will do if/when I pop off. I have no intention of doing that…
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Savings invested in Turkey
We have the money made from the sale of a property invested in a Turkish bank account. The money is earning over 8% interest but at the same time the Lira is slipping against the pound day by day. Do we leave our money there and hope the Lira recovers , or just bring it back to the UK asap? anyone else in this position?
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Hargreaves Lansdown Exit Fees
Just been told by Hargreaves Lansdown that their is a £25 per fund exist fee if I want to transfer out. Which comes too £325 for me. Only If I transfer as cash then it's free. So I am now in two minds on what to do. Even with this fee I will save more than that by moving to II, or if I transfer into cash, I will have to…
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Children's savings / ctf
Hi, my 2 children who are now 7 & 5 both got child trust funds when they were born there is currently around £3000 in each. They are both with Britannia, standard ctf not share ones The interest rate is virtually non existent, so I wondered if there was anywhere better they could put their money until they are 18/21…
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"Payback Time" investment paperback £1 in Poundland
I posted this in HUKD but the folks who haunt that site might not be the best target audience! It is about technique for building your own portfolio and avoiding the rapacious fund managers. http://www.hotukdeals.com/deals/payback-time-investment-paperback-1-poundland-1803344
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Platform fees for the beginner..
I was all set to start my S&S ISA journey with HL but held off as I'd read about the fee changes. I think I now understand how platform & fund fees work but would love it if someone more knowledgable to confirm. My plan is simple. I plan to fill an S&S ISA each year with the Vanguard LS funds. This year's will be filled…
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Ratesetter - change of bank details email - 22nd Jan 2014
Hello fellow MSE readers. Today, I received an email, allegedly from RateSetter with whom I have a small savings account. Email text follows, I have removed actual account numbers etc. "Dear ????, NEW BENEFITS We are delighted to say that we are going to upgrade our payment processes so that all lenders will be able to…
