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2nd opinions on funds
Hi I have no debts, pension sorted emergency cash fund yada yada yada. I've got a s+s isa for no particular reason, just investing for the long term (20+ years). Pay in 300/month. Total balance about 5k. I was doing 100quid into each of: - vls 80 - woodford equity income - l+g multi 5 (Logic : mainly equity, bit of bond…
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bankers draft question
Hi Quick question please: If I take a bankers draft from my account in Bank A for £5000 and then deposit the bankers draft in Bank B, where I also have a savings account, a. Will the statements from Bank B show that the £5000 was deposited from Bank A? b. Will the statements from Bank A show that £5000 was transferred to…
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TSB Cut child rate from 3% to 1%
My 12 y/o showed me a 'boring' letter she received from TSB the other day. Interest rate on their Young Saver is being cut from 3 per cent to 1 per cent. I went through what it meant and got her to work out how much less interest she would receive on her £1700 following the cut. Quite painful to explain to her as not…
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Invest lump sum in to Investment Trusts
Hello folks, This is my first post so forgive me if I miss anything out. My wife has inherited a little bit of money and I have transferred three old pensions in to a SIPP. I am looking to invest both for the long term in investment trusts. The wife's money is £24,000 to go in to ISAs in her name for £15k, rest in my name…
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Closure of Fidelity CashManager Account
I received a letter in the post this morning stating that Fidelity will be closing my CashManager Account on 2 November. The account is being withdrawn as too few customers are using it. I use their CashManager Account to pay my Cavendish fees rather than having the fees taken from funds within my ISA. Any suggestions how…
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Index Link Gilt
Hello I understood bond gives you a specific amount of interest after X years but I don't understand what the 'yield' is and I'm a bit confused about index link gilt and how they work. If someone could quickly explain, that'd be great! Thank you
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locating my son's CTF
I opened a CTF for my son in 2003 with Britannia and initially invested approx £2k. Since then Britannia has been taken over by the Co Op and I have moved house and lost all records of the fund. I did try contacting a Gov website around 8 weeks ago on the understanding they would locate the CTF and tell me where it is…
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Selling inherited shares
I need some urgent advice to avoid some exorbitant share dealing costs. I was lucky enough to inherit a large number of shares (£250k) in a single UK company. I know very little about shares, so went with the solicitors advice at the time and they are held with Computershare. I now want to sell £200k of the shares to buy a…
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Savings account tax free question.
My wife was made redundant a few months ago, she has paid her national insurance contribution for years and is currently claiming job seekers allowance for up to 6 months. We have currently come into a sum off money which we are going to put into a fixed savings account for 2 years. As my wife is not working and not paying…
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Monthly or Annual Interest - Tax Free in 2016 ?
Hi, advice please ! Just about to open a new savings account. It has an option of monthly or annual interest, the rate is the same. Usually I opt for monthly interest, however at the moment that would be taxed until April 2016 when the rules change so that interest would tax free from then on. However if I opt for annual…
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Scam Chinese companies listed on AIM
Today a third (that I know of) Chinese company listed on the LSE AIM market has been suspended and unlikely to come back. CAMK has been added to the list of NBU and CTEK (and ACE looks like another) , all of which have trended inexorably down since IPO. All have turned out to be pretty much companies in name only and only…
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More than £60k to invest, but where?
I really want no more than a couple of places to keep this as I'm getting older and I don't want to leave a nightmare for my daughter to sort through, and also my memory isn't what it was. I've already got 2 Santander 123 a/cs but want to put the rest somewhere for some decent interest. I've read all the banking stuff and…
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Standard Life With Profits Performance Info
Hello, I'm wondering if someone can point me towards a performance guide for the Standard Life With Profits Fund that can show how the fund has supposed to perform over the last 20 years - heck even the last 10 years will do. I took out one of those Versatile Investment Funds linked to a Life Policy back in 1995 when I was…
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Crowdcube and EIS
Hi, I want to understand EIS. I have the following Crowdcube Investments: Sugru £100 LUMO £100 Keuken £100 Arc On £100 TOTAL £400 All investments were made this tax year. Am I correct in understanding I can claim back in income back 30% of my investments so £120 back in income tax paid? How would I go about this? I am PAYE…
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Nutmeg investment question
Hi all. I've just come across the website Nutmeg. I just had some questions about its savings options. What is the difference between its General and ISA accounts? Which account type are its performance figures based around?
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Is it normal to not have any savings?
I'm 23 with a mortgage since I was 21, however entering the real world has made me realize how damn hard it is to save. I live on my own, so money in is just about covering expenses with leftover to spend on me - which really is not much. But forgotten bills keep popping up like TV license and car insurance leave me with…
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VAT on physical Silver Bars?
From what I understand, VAT is chargeable on Silver but not on Gold. However, I'd like to purchase physical 1kg Bars and Gold is out of reach, leaving me with a single option which is buying Silver and paying some element of VAT. Has anyone had experience of buying from Jersey/Guernsey for example and how were you then…
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cashing in on rewards
Hi guys sorry if this has been discussed before but i was just after some tips from people with a bit more knowledge than myself. I was thinking of opening up a new current account, set up a standing order to fund it, set u two charity direct debits (as my others are all in use) and then switch to first direct to get the…
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Junior ISA
Hi there, I've had a baby in May this year. I have already opened an ISA for him with Nationwide. Had an article passed to me about Child Trust's and Junior ISA's. It stated that originally the Government gave £250.00 voucher. Do they still do that and if so, how do I get one? Thanks for reading. Peace x
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barclays rewards
Hi Don't know if this is new or not - I've not been paying attention. Just sigend up for barclays rewards - If you have a current account with them with 2 DD's and 800/month paid in you are elligible for the rewards scheme which works as follows: - You pay them £3/month - They pay you £7/month (why they don't just net it I…
