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Saving for godchildren
Hi. I have four godchildren and really want to save for them up till they turn 18, but I want to do it in their name, not mine, so they don't get taxed etc. I also want to open an account for them individually rather than have one account in my name for all four children as I currently do. It doesn't really matter whether…
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Opening an ISA
Hi there, Wondering if anyone can help, I currently have a HL vantage ISA which I have been paying in to this year. I want to leave it as is and not transfer but im keen to open a new ISA with Cavendish for the coming year. Question is do I need to wait until the new tax year before I can open the ISA with Cavendish or can…
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End of Year Tax Code & Calculation Questions
Hi, While I fill in a Tac SA each year, I have never really understood the calculation of Tax Free Allowance, BRT and HRT. As I understand it (14/15) - 1. The first £x is tax free and this is identified by my tax code? If my tax code is 732L - this means I get the first £7320 of income tax free? 2. I then get £31,865 at…
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What to do with euros?
Hi, I'm an EU citizen who's been living for a couple of years in the UK. As such I've got savings in euros in my home country, ~20k€ in the equivalent of a cash ISA (tax-free, safe, instant access... and paying a whooping 1%/y). I've been reviewing my finances and decided I want to keep some of it accessible for whne I'm…
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Halifax stocks and shares ISA
I have had a Halifax Stocks and Shares ISA since 2005. I converted it to cash in February 2014 when I bought a house. I want to start using it again as I now have some savings again. However I have a few questions: 1) Here are the funds I could invest in:…
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Working Abroad and new current accounts for high savings
Hi I currently work abroad and have a work permit for Bermuda, this gives me temporary residence there. All the new current accounts ask for confirmation that you have sole residence in the UK, which I believe I do. But I'd like to confirm. Many thanks
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NS&I International Payments Service
Has anyone made use of this? We're off to NZ and I thought the NS&I Direct Saver looked sensible as somewhere to dump the house sale proceeds prior to transfer without having to break it into multiple parcels. And then I saw they're offering fee free transfers to your foreign bank account. What's the catch? All I can see…
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Advice on UK banking FSCS - just a couple of quick questions
Hi guys I just want to clarify. From what I've read on MSE about the UK banks' Financial Services Compensation Scheme, joint account holders effectively get up to £85k cover each, but I can't quite work out how it works in all scenarios. For example, if my wife has a single account with HSBC, and we also have a joint…
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WHat to do with £1k?
I have come by £1k which I don't have earmarked for anything at the moment. What should I do with it? I don't need it at the moment but want to put it somewhere that is reasonably accessible, so shares are out of the question. Any ideas?
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Woodford Patient on X-O?
Apologies if this has been discussed elsewhere but after a quick search I could not find any info.. Does anyone know if the IPO for Woodford Patient is available on X-O? I'm not a current customer and it doesn't mention it on the website that I can see. Thanks
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Investment funds rating site
There are lots of sites out there that will give you a rating on individual shares you hold, but if like me your investments are in funds of various sorts (ETFs, OEICs and the like) it seems there is nowhere that will say 'that one is not as good as these'. Unless anyone knows of one... For the record, my portfolio is 70%…
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The power of the Rebalance
Points that are very important for new investors to grasp are often hidden away in depths of threads where they go unnoticed by the masses and then the same questions come up again and again. This is only the second thread I've started in the last decade but I did a quick bit of maths earlier and was inspired to post the…
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Advice please ISA?
I have not had an isa account for a few years now. We are about to move house but only using equity and not money in the bank. So my thought, if possible, was for me to open an isa, put as much as I can in before the deadline, 6th april I believe, get the interest, then move the money back to my current account. Is this…
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Ethical stocks and shares ISA
Hi there I was hoping someone might be able to give me some advice. I am in my late 20s, and able to save about £500/ month which is currently going into a cash ISA. I'm planning to use those savings towards a deposit for a flat, but given that that will take me a few years, I'd quite like to start saving for the…
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Saving funds to invest later
Hi, I have some money that I intend to invest within the next six months. In the meantime I'd like to deposit the funds in some sort of savings account. What sort of account would provide the best rate of interest, net of tax. Thanks
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asset allocation
My time horizon is 30 years, aiming for retirement. My current asset allocation across pensions and ISA is currently: UK SMALL CAP 7.2% OVERSEAS DEVELOPED 30.2% UK MID-LARGE CAP 25.8% EM 22.0% EM BOND 1.0% CORPORATE BOND 2.2% INDEX LINKED 2.1% PROPERTY 8.9% CASH 0.2% GLOBAL BOND 0.3% natural resources 0.2% I am high risk…
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Cavendish Investments statements
Does anyone know why their accounts are split into 2 categories ' Commision and fees'. There is absolutely no distinction in the way I bought the funds( all self selected) but they seem to have been split approx 60-40 and I have just had a letter from Fidelity using the 60 part as the figure on which annual charges will be…
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Cash ISA vs S&S ISA - How much cash to hold?
Hi, With interest rates so low at present are cash ISAs worth holding right now? At present I have £35K in S&S ISA and £55K in Cash ISAs. I am mid 40s, a higher rate tax payer with no mortgage or debts and have a final salary pension. Been thinking that I would be better off transferring some cash into my S&S ISA which has…
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ISA or Pay of some of mortgage?
I have just received £12,500 from a savings account. Should I reinvest in an ISA or pay off some of my mortgage which is approx £109,000. This is a buy to let mortgage with 14 years left on it.
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Standard Life S&S Isa any good.
Can any one shed some light on how 'Standard Life' Isas have performed in the past? Any one expecting to benefit from it in the future? Sebastian.
