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HELP - my mother has 130,000 to invest and needs 8,000 a year income - any ideas??
My mother has sold her flat and is living in extra care housing - she has lost her benefits now that the capital is released and she needs about 8,000 net a year income before she starts spending the capital. this is inevitable I think on some level and she has to cover her rent. we need some advice as to how to split the…
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Absolute Returns Funds
I've previously asked questions re alternatives to Cash ISAs and received some helpful suggestions together with lots of other information from some of the very financially astute posters on here. Normally, I would not be venturing any further into the equity arena other than my small holding with Nutmeg but I've decided…
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iWeb opening fee increase
Just a heads up for anyone considering opening an account with iWeb, you may want to do it before the 16th March: Changes to the account opening charge From 16th March we are increasing our account opening charge from £25 to £200 for new customers. This does not affect existing Share Dealing Account or ISA customers.
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Critique my Investment Strategy
Hi everyone. Long-term lurker here finally ready to get some advice of my own (I hope I can begin to make meaningful contributions to the community as I get more experience in the future!). I am 21 years old and about to graduate from university. I have landed myself a job which I will start soon after graduating, I…
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Help Transferring Australian Dollars into Pounds Sterling
Hello, This is my first post so I hope it is in the correct place! I recently came into some money from a relative in Australia. They left me 100,000 Australian Dollars which is sitting in my Australian bank account. I am not domocilised in the UK so I need not pay inheritance tax. I have been living in the UK for 10 years…
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Help Transferring Australian into Pounds Sterling
Hello, This is my first post so I hope it is in the correct place! I recently came into some money from a relative in Australia. They left me 100,000 Australian Dollars which is sitting in my Australian bank account. I am not domocilised in the UK so I need not pay inheritance tax. I have been living in the UK for 10 years…
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Can I wrap a savings account with an ISA?
Well not me, but a good friend. He has been a long-term investor in Norwich & Peterborough's E-Family Regular Saver account. He's regularly saved into the account for some time but, now the account has stopped taking new investments, he finds it is still giving him 3.39% p.a. But he's paying tax on it. He is not a large…
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Tesco Savings - what info do they need?
Sorry if this has been covered elsewhere.... Can someone tell me what Tesco mean when application for savings account states... "You can pay money into your account once your application is complete, but you won't be able to take money out until you send us certain information by post. We'll tell you what this involves…
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I'm not sure which account to go for?
I'm almost 18 years old, and a lot of my Children's savings bonds are maturing, and I would like to claim them to put into an account to save up for a car/driving lessons. However I'm not sure what account to go for. I know you need to deposit a minimum amount either each month or each time you deposit, but I won't be…
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Oeics
Hello All, I purchased an investment fund in October 2010 and I'm looking to cash it in. I paid £10,000 then,and it's worth £13900 as of today. Could anyone tell me whether (a) CGT is applicable and (b) whether any other taxes are due when cashing in. Thanks very much
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Whats best options??
Ok so whats my best options? I have some money in an NSI investment A/C & Would like to move it to somewhere else (Maybe with better interest rates) I have Barclays Current A/C Barclays Everyday Saver A/C Barclays Instant Cash ISA Issue 1 TSB Classic plus A/C TSB E Savings A/C All I would like is instant Access/Unlimited…
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Vital information not passed to me by company I have shares in.
Upon checking in London Stock Exchange today I've seen text suggesting that a company who partly owns or certainly has an interest in the company I have shares has been delisted from Stock Exchange without informing me and now the share price has really shot down. There's talk of the Co going in to liquidation. Is is…
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Taxman
If we assume in some cases it's better having savings in a current account, how do we know if the savings are getting taxed at 20 or 40 percent?
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Investment Portfolio help please!
Hello all, I am a medium term lurker, and first time poster so please be kind! I have spent quite some time on the forums, especially around the Savings and Investments part as this is the area of real interest to me. So far there has been a heap of useful information at hand! To paint a bit of a picture as to what I am…
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2nd Santander 123 charges
I was wondering if it is still worthwhile to open a second 123 account considering the £2 a month charge? If you already have an account and use the card does this mean that you would have to juggle two cards to annul the extra cost? If you don't do this is the interest sufficient less the admin fee rather than opening…
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Lump off mortgage or in savings
Good afternoon I currently have our house up for sale. We have an outstanding mortgage of £69900 with a hopeful sale price of £75000. Over the past year I have been putting money in a regular saver and will have approx £1450 at the end of the month when it ends. I do have savings for fees and will be using that along with…
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Money to invest, what to do....
Hello, Forum newbie here, long time lurker. After a house sale, I currently have £100k to invest. After looking for days on end at different options. I am unsure as to what to do. Does anybody have any suggestions? Must be low risk. Looking to invest between 5 to 10 years.
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Long term savings.
Hi, I'm looking for some advice. I want to save £50 per month, minimum, over the next 20 years. I want this to be relatively safe, but I'm not averse to slight risk, if there is a strong potential upside. I'm not experienced in investments, so I'm looking for advice on how best to save this over the next two decades. I've…
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fscs guarantee on investments
Can someone clear up a question on the FSCS compensation scheme on investments please? As far as I can see it is set at a maximum 100% on the first £50000 per person per firm or broker. Does this mean that you should not go above £50000 per platform? I have just started investing with Cavendish online - initially monthly…
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Low risk investing for beginners
Hi We are in the position that due to husbands job we will be relocating. We are thinking of selling our house as we do not want the responsibilities of renting the house out and we will also not be returning to the area we own our house in However I am very concerned that when we come to buy another property in 8 years…
