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Does transferring an old ISA count as opening a new ISA?
Very confused by the Cash ISA small print..... I have an old Cash ISA with Aldermore @ 1.25% which I want to transfer across to their 1 yr fixed rate Cash ISA @ 1.6%. I rang them today and they told me to go to their web-site, set up a fixed rate ISA (without putting in any funds), then phone them and they will transfer…
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Sell of BG to Shell
We own BG shares and have received a letter, which you need a degree to understand. It tells us that they have been brought by Shell. what are the implications to shareholders?
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Stocks & Shares ISA: Switching Multiple Funds to One Fund; Switching to Cash.
I have a new stocks and shares ISA with Hargreaves Lansdown which I am currently regretting because I opened it before I knew anything about what I was doing (it has been taking a dive since the moment I opened it, and it's currently over £300 down). I would like to take any opportunity to get myself out of it with minimal…
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6K Maturing Cash ISA
Hi, I have a Cash ISA maturing next month worth just over 6k (was a 2 year fixed on around 2%). I'm trying to decide what I should do with it as cash ISA interest rates are pretty poor at the moment. As I see it my options are - 1. Move into my S&S ISA (I usually drip feed this so not sure about putting a large amount in…
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invest or pay off mortgage
Hi, Unsure what do do with future savings. From end of August when i remortgage, I will stand as follows: Savings: £14,000 ish in Santander 123 (c.2.4% interest after tax) Mortgage: £67,000ish at 3.24% (fixed for 10 yrs with Nationwide) I'll have around £200 a month spare, but should I: a) Save in Santander until I get to…
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Investment advice post house sale
Hello I am unfortunately in the position of having to sell Mum's house as her Deputy via the Court of Protection. We don't need the money to pay her Care Home fees because she has lots of money put away........she has Maturity bonds, NS&I Investment bond, Premium Bonds, ISA.... But the house being left empty now for over a…
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Investment advice for a sum of £1000
I have close to 1K sitting in a paypal account, accumulated from ebay sales. Now I'm currently trying to reach a goal of about 3.5K so I can make a purchase. Today after checking my paypal account I realised that letting it sit there and grow is probably not too bright and I should be investing this to help toward my…
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charles stanley or cavendish
hi looking to open online Stocks ISA account to start investing some money for long term in funds. will start off with £3/4k with drip feeding £500 every month or so.... had a look at monevator and fee wise both charles stanley and cavendish are same. for anyone who has used it, will they recommend one over other in terms…
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Bid / Offer spread - a newbie mistake
A word of caution to other new investors, about a "hidden" cost of investing in funds. This may, of course, be obvious to everyone except me, but just in case... I recently sought to increase the diversification of my portfolio by including some direct property investment funds. Given that these funds are relatively…
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Looking to invest - tracker funds
Hi, I am a 24 years old and looking to start investing. I am interested in putting money in index trackers as they are cheap and research shows they tend to beat managers over time. As I am quite young, I really just want to put my money in a diverse range of trackers and 'forget' about it for the next few years. However,…
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Low Cost Platform For Small Investment?
Hi all, One of my relatives has asked me to look into investing a lump sum (£2,500) for their child, which will be held for 10+ years. As far as I'm aware, they are not looking at making further contributions (or if they are, they will be very infrequent). I was thinking of suggesting Vanguard LifeStrategy (either the 100%…
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UK based savings and tax rate
Hi all, What's the situation for UK tax savings - say any generic savings account at your local bank - with regards to HMRC? As I understand it, the bank will give you "net interests" after taxing 20% and giving that to HMRC. According to your income tax band, this may or may not be the proper amount. In particular, if you…
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Online Stockbroker
I am looking to invest some of the cash that is currently sitting in my Suffolk Life SIPP. Suffolk Life only seems to offer 2 options as regards an execution only online stockbroker; namely Barclays or Stocktrade. Any views out there as to the practical differences between using either of these 2? Thanks Chris
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Buying Premium Bonds online
There must be a way of buying premium bonds online once you're registered for an account but I've gone though the website and can't find any options for doing this anywhere. Am I missing something? Please don't tell me this is impossible to do having gone through the trouble of registering for an account to make life…
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Tax advisor vs. CA vs. IFA
Hi, I need some help to understand the following: 1) tax implications if any, for gifts from family living abroad 2) property purchase related to the above & mortgage advise 3) financial review - my pensions, exiting mortgage and tax relief I am not sure who to get advise from. HMRC are too busy to help today as unable to…
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L&G 'With Profits' Investment Bond "Zombie"
Hi, I have £85k in a 'with profits' Investment Bond ["Distribution (Growth) Fund (A)"] with Legal & General, who announced earlier this year, its' closure to new investments. Although I have been seeing reasonable low-risk growth from it, I am concerned about its' new zombie status and how that could affect it in future.…
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Where can I put £18000 with easy access?
Hi I have £18000 earning nothing in a bank account, where is the best place to put it? I currently bank with Halifax, is my best option to open and put it in a santander 123 and have my wages paid into that as well. I don't need the money as the minute but I may do in a few months. What are my options thank you
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Where's the catch? Hawthorn Care Village...
An ad in the Sunday papers caught my eye. It says 12% a year for 10 years... Investment of £75,000 gives a rental income of £9,000 a year. Take the first 2 years rental as a discount, so initial investment reduces to £57,000. You receive £9,000 a year from years 3 to 10 and can then sell the suite back to the developer for…
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Tax on Investment Plan
Hi, I'm new to this website and hoping someone can advise me - hopefully I'm posting this in the right place! My mum who's 80 has had a Legal and General Single Premium Investment Plan for about 21 years and wants to cash it in. She put approximately £31k in originally and the surrender value now is just over £55k. She…
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Nationwide Online Problems
Seems that NW are having problems this morning with some online accounts "missing" when you log in.
