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Writing off losses against tax
Forgive me if I've gotten the wrong end of the stick. I've recently become a 40% tax payer. So my 5% savings income from current accounts will have to be declared this year and I will have to pay 20% back Given I can calculate fairly accurately how much tax I will owe on my savings... Is it not an entirely stupid idea buy…
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Is It Enough
Hi everyone I have £40,000 to invest is it enough to get a monthly income out of it. I know nothing about investments in case you are wondering.
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HL Exit Fees
Has anyone recently challenged HL's exit fees and had them successfully waived? By this, I mean anyone that had investments with HL prior to their change in pricing strategy ? Thanks in advance.
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100k planning advice
Hi Everyone It's been a long time since I last posted on here so hope everyone is well. I am about to leave my employment and offload my shares in the company. After all the various taxes have been deducted I am reckoning on having about £120K. I intend to settle the remainder of my mortgage £15K so that will leave me with…
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Legal position following insurer error
I am writing with respect to an insurance savings policy (a single premium with-profits bond - original premium £25k, with subsequent bonus and demutualisation windfalls added), which I took out in 1996. The insurer demutualised around year 2000, and was taken over by several companies since then. I surrendered this policy…
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Big mistake with ISA. How do I sort out this mess?
Hello Everyone As a complete novice I am in the middle of learning about how and where to invest my money, and I have ended up in a bit of a mess that (possibly/probably) isn't my fault. The first thing I wanted to do was open a stocks and shares ISA with M&G investments, as another family member has one of those and I had…
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Ready to pull the trigger
Almost decided what funds to invest in: Wife - how has low appetite for risk ISA - L&G Multi Index 4 Acc (preferred geographic & asset split and inclusion of property into mix over VGLS 40) SIPP - Vanguard Lifestrategy 80 (30yr to retirement) The Daddy - Bigger appetite for risk (or just desirous for bigger return) ISA -…
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Cash in Index Linked National savings certificates?
I have two investments in index linked National Savings Certificates _£5k invested in 2010 for 3 years which I rolled over in 2013 so will mature next May and £5k invested in 2011 for 5 years which will mature next May also. I have just received this year's statement showing that the rpi rate used this year was 0.90% so…
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Tesco Internet Saver - close and reopen experience
My Tesco Internet Saver account's 12 month introductory bonus will expire next week. Is this eligible to be closed and opened again to like various regular savings accounts or is there a cooling period like Nationwide's Flex current account bonus? If can be closed and reopened to get the bonus for another 12 months,…
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How to invest 250k - low risk
Dear All, First of all my apologies if this has come up before - I couldn't find a discussion about this sort of amount and level of risk. A close relative is shortly to inherit ~£250k - has no debts and own house. They do not want any hassle, are very risk-averse, and would simply bung it in a savings account if possible.…
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Investing £20k
Hi guys I have around £20k that i would like to invest for some long term growth. Happy to take some risk. Interested in funds but proving a bit challenging to find anything suitable. As a Muslim I have to avoid anything related to banks, alcohol, tobacco, interest etc Most of the top funds seem to have elements of the…
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Lump Sum Investing
Hi, I'm being made redundant shortly so will be getting a lump sum of around 25-30K. Rather than just letting it sit in the bank i'd like to do something with it. I'd probably max out my ISA allowance first then i'm not sure what else? I would want at least a portion of it to be accessible. What low-medium risk investments…
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Fund Costs vs Higher Dividend Reinvestment
I'm starting out with investing and looking to invest a regular monthly sum into the stock market and grow the amount for around 35 years. I have been researching into this topic for about a year and I am now at the point financially to be able to go ahead. Many sites recommend index funds, which I agree seem to outperform…
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Woodford 1 year on
Trustnet says that Invesco Perpetual High Income has dropped out of the 1st quartile for 3 year figures growing around 64% (107 out of 273 in All Companies). Alternatively Woodford after 12 months has grown 20% (with only 3 dividends so far) doubling the average of equity income returns, and triple a passive all share. I…
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Santander account or keep ISA
I have had a windfall of £3000 and wondered if it would be better for me to either add it to my Isa or to open a Santander Account. I was thinking of closing my Barclays Isa redrawing the £2000 adding that to the £3000 and open a Santander deposit account where my £850/month wages would be paid into. My question is would I…
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Stocks and shares ISa
Hello I have had a stocks and shares ISA with Standard Life since 2007. My initial investment was £2,300 and a brokers fee of £92 was taken. Today it is valued at £3,042. Can anyone please advise if this is performing well or not? Many Thanks
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Anyone used TD Direct?
I've long fancied a dabble at sharedealing. 20 years ago I was very envious of the (mostly chinese) students on the University Library computers peering at their complicated-looking screens and comparing notes on how much they made overnight! :p I also remember a friends Dad getting EXTREMELY excited by the penny shares he…
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Protecting savings from nursing home costs
This may be slightly contentious but if someone pays tax all their life I don't believe they should lose all their savings to nursing home costs should they get ill in their old age. My relative is currently paying about 600 a month for council sheltered accommodation in Scotland which is fine. Should her health take a…
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Protecting savings from nursing home costs
This may be slightly contentious but if someone pays tax all their life I don't believe they should lose all their savings to nursing home costs should they get ill in their old age. My relative is currently paying about 600 a month for council sheltered accommodation in Scotland which is fine. Should her health take a…
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Send money to Australia, best rate or exchange ?
Hi I need to send around £10k to a relative in Australia, normally when I am over there I take a Halifax clarity card and get a really good rate with no fees, I now need to transfer money to an individual, so cannot use the Clarity card. Has anyone any experience or can recommend a firm to send the money with a good…
