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House sale £ - Investment
Hello, go easy this is a long way from my area of expertise. My aunt has asked us to find her a care home. She owns her own house so will be forced to sell it to pay for her care. The capital raised is likely to be around £110K. Best guess at the moment is this would pay for around 3.5 years of care. So the question is…
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£60,000 ???
I am trying to advise my parents who have a bond they wish to withdraw this month. It comes to about £60,000 and they want full access. It seem that Santandars 123 account might be the best, however it seems there are a couple of things necessary to do with this account. The two direct debits are simple enough as should…
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Savings interest...
By next payday I will finally have paid off all my debts (overdraft, credit card etc) and can actually start saving, for a deposit for a house. I'm planning to save £450 a month. My current account is with halifax, I have a savings account with them that currently has nothing in. Just wondering what account people would…
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Time to sell?
Parts of the market are looking expensive, and have been for a while. So which adage do you follow: * Buy low, sell high. Prices are looking expensive, so get out and wait for prices to regain a more affordable level. * Time in the market, not timing the market. Who knows what the future will bring, and any attempt to…
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Strategy for a downturn
If your s&s ISA is maxed out for the current FY and the market drops to create a buying opportunity what are your strategies for benefitting from the lower valuations. Do you just purchase outside of the ISA wrapper, ready to transfer next FY, do you tend to hold off using the full ISA limit in case such a downturn occurs,…
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"Maturing" Cash ISA
I have an 18 month fixed term cash ISA (with Nationwide), whose term is up next month. If I have already taken out a separate cash ISA this financial year, am I still able to roll over the Nationwide sum (without adding extra cash) into another product next month?
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saving for education
Hi there, We've been asked by relatives to set up an account for our children so they can put in a lump sum to help fund an uni degree in the future (they are 12 and 10 at the moment). They would like us to have some control of the money so the kids cannot access it all when they get to 18 and blow it all on having a great…
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Increasing NISA total to £15,000?
I have a question regarding increasing my ISA total to the £15,000 now in place. I took out a new ISA in April and added new money to the £5940 limit. However I also transferred in "old" money from another older ISA. If I were now to increase my ISA to the £15,000 limit, does this take into account the current total or…
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Investing in the USA from a US bank account
I worked for a while in the US and have some dollars in a bank account over there currently earning zero interest. I don't want to repatriate this cash at the moment due to the poor exchange rate. I'm thinking of investing it over there, probably in some sort of mutual fund. Can anyone help with pointing me towards a way…
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Power of Attorney and Premium Bonds?
I have Power of Attorney on my mum's bank account. She has just received a cheque from Premium Bonds. Can I sign it instead of her and pay it into her account now I have P of A or do I have to register the P of A with Premium Bonds and get the cheque reissued?? Thanks.
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personal Investment plan trust
I'm looking for some advice, if you are to benefit from a personal investment plan and you have a trust declaration in your favour, can a new trustee change this.
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120K to invest, what would you do?
Got 120K in taxable savings doing pretty much zilch at present as expected, also have SAS isas maxed. Maxed out on cash Isas and premium bonds but would like to know what you would do in my position being a 40% taxpayer?
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CB Fixed Term Deposit - Early Closure
Hi Folks, Looking for a bit of advice please, if you don't mind? A disabled friend has a Clydesdale Bank 1yr Fixed Term Deposit Account with a modest amount of capital in it. The capital was put in January/February this year under advice from the Local Housing Department when applying for Housing Benefit for the interim…
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Looking for Free Stock & Shares NISA Provider
Currently have a stocks & shares ISA with Nat West - they have sold to TD I hold app £5k in three UK FTSE companies which will increase to about 8k in september when a share option matures Nat West charge an annual fee LOOKING FOR No Annual Fee Internet Access Low dealing fee's Please can someone recommend as the changes…
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NS&I say Scots won't be able to hold premium bonds or other accounts if independent?
I see today that NS&I have said Scottish customers won't be able to hold premium bonds or other NS&I accounts if the nationalists win their referendum in September. I currently have a large number of premium bonds and an index-linked savings bond. Would NS&I just return the cash to me? Would I get my interest? Would the…
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High Interest Current Accounts
How many of these things are the "money savvy" people on here actually holding?
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Investing money
Hi everyone, I have £10,000 available in savings that I am currently not using. I'm going back to uni in September and will not be touching this money whilst at uni. Can someone suggest to me what type of account I should open? Thanks.:)
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Question on clean charges
I'm with Cavendish at the moment which charges 0.05% on clean funds. I set up a Cash manager account to pay their charges to keep as much in the isa as possible rather than lose more units than necessary every month. Still have some bundled funds because the charges are slightly less with the Cavendish 0.5% rebate than the…
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Predicting stock market returns
I read a really good article on this and thought I would share it. Although it is based on US markets I wouldn't be surprised if the same held true here too. The author found a very strong correlation between stock market returns and the % of private investors assets held in the stock market. This relationship is inverse,…
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Does a Property Index Tracker Count as Equities?
I've been working with an IFA to put together a pension portfolio based on index trackers. He has suggested that 13% of my investments should be in Property - which I'm happy with. He has given me the option of investing this 13% either in a property tracker fund (the Blackrock Global Securities Equity Tracker, which has a…
