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Understanding interest - help!
I struggle with maths at the best of times, but I just can't get my head around how Lloyds Bank calculate the following amount of interest on an account that pays 4% AER: "If you save £200 each month, you'll earn £52.21 gross (£41.77 net) interest after 12 months. The interest is calculated on the balance of the account…
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Identifying good Funds.
I'm new to this investing lark, and I was wondering how to spot a "good" fund. I understand that fees come into it, but what else do people look for? I'm sure things like diversification of investments comes into it, but if you decide on a sector, how do you then decide which fund in that sector to go for?
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SAYE - Employe Sharesave - Help!
Hi, guys. I have a really important question that I can't seem to find the answer to. I can currently save up to £500 per month in an SAYE offered to me by my employer. There are two contract durations on offer: one for 3 years and one for 5 years. Do I have to choose just one of them, or can I split my £500 limit between…
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Santander customer service
In 2010 we closed 2 accounts with Santander after 25 years with them / their predecessors. This followed 6 months wrangling over an ISA they failed to transfer and customer service that had become beyond terrible. I was recently tempted to try again due to the current interest deal on the 123 account and stories of…
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Dude retired at 33.
Does anyone listen to the doughroller podcast? If you don't although its not all relevant there are some gems in there with interviews from Mr Money Moustache and Bigger Pockets etc. There was an interview on the last podcast with a guy (33 years of age) married young (after/ during Uni) Engineer who is retired now with 3…
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Re nsi 65+ bonds
hi Guys, filled in two applications for 65+ 3 year bonds yesterday.I thought they would confirm my application with an E mail.Is this so?
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Is company SIP worth it?
Hi I am enrolled in the companies Share Incentive Plan. I buy Partnership shares out of pre-tax pay and receive a Matching share for every 3 Partnership shares. However if I leave the company within certain time period(s) I will be liable for the tax + NI. However I was thinking is it ever possible to be "out of pocket" -…
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Tower bonds from Castle Trust
Does anybody have a view about 'Tower Bonds' -- or, indeed, other prodcts from Castle Trust (who, I believe, are based in Suffolk)? They seem to be offering slightly higher-than-average rates for bonds and ISAs. Grateful for any steer.
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What to do with £80,000 from inheritance?
I'm due to shortly receive £80,000 from inheritance and have no idea what to do with it. It's a crazy amount of money. I feel a bit guilty receiving it. There was more but i've managed to pay my mortgage off with that and am now left with the £80,000. I feel this amount of money could be used to generate extra income and…
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Paying tax on investments
Hi, so I started saving properly 1 year ago. Most of which is in an ISA, so I don't worry about tax. But I have a small amount not in an ISA which with interst made £11!!!! I have never had to do any tax before for investments, so I need to fill out a form and declare this???
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Santander Guaranteed Capital Plus (Issue11)
I invested £11000 in Santander's Guaranteed Capital Plus (Issue 11) 5 and a half years ago; it is coming to an end on 18 March and I don't know what I should do with the money next. It's an ISA and I have no inkling of my return on the investment, as the paperwork gives a minimum maturity value(capital plus 0.5%) and…
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ISA advice transfer or close
my mum opened a fixed rate isa some years back with her money in my name as she had utilised her allowance. This is now maturing and we are wondering what to do should she transfer it to another ISA or close it ?. If she closes the tax wrapper is lost, but as it is in my name and i will not ever use the allowance myself.…
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Forex
What I cannot understand is why we are not all doing forex. For days we are being told sterling is rising against the euro. Why have we all not made a killing?
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Guidance on Transfering S&S ISA from Fund Manager to DIY platform
I've had a very simple S&S ISA with Jupiter containing their Jupiter European fund for years now, contributing monthly. I've been very lazy with diversifying my investments thus far, i.e. done nothing at all, but now want to take more control. My plan was to start up a new DIY S&S ISA on a platform such as AJBell YouInvest…
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should i ditch these Halifax Funds?
I currently have my isa with the Halifax and am invested in the following Halifax funds uk growth fund uk equity fund uk ftse all share index European fund far eastern fund international growth fund smaller companies fund fund of investment trusts im wondering if I would be better moving this to somewhere like iweb or…
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123 Santander Current Account
Hi, I was wondering if someone could assist me with a query please! I currently have 'my mortgage deposit' in my 123 Current Account, I closed down my ISA's to get the money 'ready' although nothing is moving in terms of buying a house right now. Leaving the excess of 20k+ earning nothing. I'm aware I can open a second 123…
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Tax on saving accounts
Hi All, Next year I'm going to get over the threshold for the basic tax rate of 20% (I'm a permanent employee) . I'm wondering if I need to tell this to my bank and start paying 40% on my non-ISA savings account too (which would suck, but would suck less than being caught by HMRC). Thanks, Augusto
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Bonus Policy
Fellow MSE'ers, I recently cashed in early on a long term cashbuilder policy, accruing 18k in bonuses over a 14 year period. Tax has already been paid on the policy but even so would I need to declare this on my 2015/16 tax return and would top slicing come into effect seeing as I have been receiving bonuses over a 14 year…
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Isa question
I have read a few things regarding the 15k allowance before the 6th April. Does this technically mean if you put 15k into the ISA on the 5th April you would get the full interest or just for that month?
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Maximise Savings interest for couple
What are the suggestions for saving approximately £40,000 using multiple accounts to gain best return. We already have a joint 123 that is maxed up. Which accounts should be individual and which joint? The saving loophole sounds good but complicated so any advice is welcome.
