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Savings & investments

Archives for November 2014

Did I make a mistake?
Hi, I opened a ISA saver fixed for 18 months with Halifax -I chose it because is a lot easier to manage online and the interest wasnt bad (1.75%), I transferred my last year Coventry Poppy ISA into it and I kept transferring money since, however I wanted to transfer some money today and realised I couldnt do it as the 60…
Stocks Transfer After Death - Help!
Hi all, hoping someone can help us. My Mother is executor to my Grandfathers will. His finances were sorted back in July but my Mother received a couple of forms from Aviva and Santander this week regarding some shares my Grandfather had. The total value of the Santander shares is just over £2000, the total for the Aviva…
Advice please. I won 50k!
Hi everyone, I was really hoping I would be able to get some advice. I am a student, and I recently won £50,000 on a football bet. (Still doesn't feel real!) I've been trying to work out what to do with it, and whilst I am studying for my masters. I want to put away £40k for a bit until next year when I'm working and can…
Short-Term Savings Vehicle
Hi, I would like to open some sort of savings account into which I can deposit money at irregular intervals over the next twelve months, with the goal of accumulating a lump sum towards the end of 2015. I expect not to need to access this money during the next year but I can’t be 100% sure of this. Can someone please…
Asset Protection trusts
Dear all, What are the pitfalls of setting up an Asset Protection Trust. Is there a right way or wrong way of setting it up? Any help most appreciated. Sebastian
Any decent rates?
Hi, I have a poor credit history (bankrupt 2008) so am finding it difficult to get a decent rate for my savings. At the moment I have an ISA (1%) and savings with a credit union and premium bonds, neither of which have a % interest as such. The problem is, all the decent rates come with current accounts or savings accounts…
Noobie question about taxes on investments
Hi there, Currently all of my savings are in an ISA meaning that I don't pay any taxes on profits generated. However, I've reached my ISA limit for this year and I'm curious as to how taxes work if I wanted to make savings/investments outside of that ISA. Would I need to submit a tax return detailing all income from these…
Assets Value?
After watching 'How Rich Are You?' on 4OD last week, it made me refresh my summary of assets, think they included House Equity, Cash, Stocks and Shares, Private Pension. I'm currently 28y/o. My split is as follows: House : £48K Cash : £27K S+S : £15.8K Pension : £24.8K Giving a total of around £115K I've gone back in time…
illness insurance payout - what to do with it?
Hi Hope I've got the right board. we've received a large payout (£200k) from critical illness cover. The illness should not impact ability to work in future as chance of reoccurance is less than 1% according to oncologist. The intention was that this would clear our mortgage but as we are in a fixed we can't pay it off…
Saving for my Granddaughter
I know this has probably been asked thousands of times, so I'm sorry to bring it up again. I have recently become a grandmother and I want to start putting some money away for my granddaughter. What would be the best thing to do, it won't be thousands of pounds but birthday/christmas money. I would like it in something…
20-something yr old student, where best store my savings?
Hello guys...... I am looking a bit of sensible advice. So I have around £5k in savings which I have accumulated (and every so often delved into when needed) over the years.... I am not paying tax, try to live solely off my student finance as university student, and all my savings are currently in a cash ISA in which the…
autumn statement predictions
any predictions - I did hear one rumour that we might be restricted to an isa input of £100k not that I think I'll ever get to that ?
Under utilised offset account
Hi I have an offset account on my mortgage and I have £150K of spare capacity. My mortgage is at 3% and I am happy to pay someone 2.5% savings rate to use the account. Happy to offer this on a fixed 1 year period or longer if necessary. Is there any peer to peer savings accounts where I can 'borrow' money on this basis?…
dividends
i held shares in a company that had a financial year from 1st of june to the 30th may, i sold my shares on a dealing day in july, am i entitled to a full dividend for 2013-2014 i had held the shares before that financial year. many thanks
Euro investments
I have a Euro account in a UK bank which yields no interest. The bank has no savings account for Euros and will only arrange to invest the money if I change the Euros into Stirling. Are there any UK based investment management companies that deal in Euros that I can approach? Alternatively, can I open up a portfolio…
Investment principles
Hi! I've been trying to get clear in my mind how to decide the type of investment fund to go for. Clearly it depends on the individuals circumstances but assuming that we have some one who has no debts, does already have cash cushion and is in a position to invest money in the stock market - say ISA. In the order or…
India ends gold import duty
Will gold and silver go up after India starts buying a lot in the new year? What will happen if more countries try to back their currency with gold again like Switzerland wants to do?
The "Grow your wealth by 12% in 2015" thread!
So, the title is pretty self explanatory, but this is the place to be in 2015 In 2015, the aim is to...
cash nisa question
I have an isa already just wondered if I transfer it to a different account can I transfer it again after march (new tax year) or is it twelve mounth from the date I transfer? Also if I can transfer now and again in new tax year what happens to the interest as it is paid annually? Thanks
Stop Loss
I'm currently not using the stop-loss facility provided by H-L and I really think I'm being very foolish not to. David Cameron recently said “red warning lights are flashing on the dashboard of the global economy” and Mark Carney that "a specter is now haunting Europe - the specter of economic stagnation.” As we know,…

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MSE News

Ofgem proposes new 'no standing charge' Price Cap – but Martin Lewis warns vulnerable customers need to be opted in or it won't work
Ofgem has today launched detailed proposals for a major shake up to its Energy Price Cap that dictates the price over 80% of homes in England, Scotland and Wales pay for their energy bills.
Lloyds, Halifax and Bank of Scotland to cut overdraft rates for millions but hike them for others – here's what's happening and full help
If you're a Lloyds, Halifax or Bank of Scotland current account holder, the interest rate you're charged for using your overdraft could change soon as part of a fees shake-up. The Lloyds Banking Group, which owns all three brands, says millions of its customers will pay less after the changes – but a "few" will pay more.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more low-income households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Martin Lewis: At last a chance to fix Council Tax flaws impacting millions – debt collection, difficulty challenging your band, discounts and more
Major flaws in the Council Tax system in England could finally be fixed in future, as the Government has launched a wide-ranging consultation to review hideous debt collection practices, the difficulty of challenging your band, the overly complex and horribly-named Severe Mental Impairment discount and more. MoneySavingExpert.com founder Martin Lewis, who has long campaigned on these issues, shares his response and analysis.
Energy complaints to be dealt with more quickly and Energy Ombudsman to get new powers under Government plans
If you have a complaint about your energy firm, it may be resolved more quickly in future, as the Government has announced a raft of proposals to strengthen consumer protections in the energy market. The planned changes include giving the Energy Ombudsman new powers to force firms to comply with its decisions – but it's still very early days. Here's what we know so far.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Base rate held at 4.25% – here's what it means and when it might be cut next
The Bank of England has held the base rate at 4.25%. Below we explain why, when it might be cut, plus what it means for your mortgage and savings.
Applied for South West Trains 'boundary fares' compensation? Act now to claim it
If you applied for compensation from South West Trains before the deadline in January 2025, you now need to provide your bank details to the claim administrator so it can be paid to you. Here's what you need to know.
Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payment this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.

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