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Where to put £5,000
I have £5,000 I can put away for five years but I can't find a bond that allows me to compound the interest each year - is anyone aware of any? I'd be grateful if you could point me towards one. I am a tax payer. Thank you in advance for any suggestions
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Commons Treasury Committee hears from investment management industry on EU membership
On Tuesday 19 January, the House of Commons Treasury Select Committee will hear evidence from The Investment Association, Wealth Management Association and The Alternative Investment Management Association as part of its inquiry into the economic and financial costs and benefits of UK membership of the EU. The Committee…
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Santander DD requirments
Have just set up an account and am looking for 2 DD's to set up. I would like to donate to cancer research. Any reason why I can't have 2 separate DD's to them - i.e one for £2 and one for £3? Thanks
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Is there a Savings and Investment Glossary?
Sorry if this is a dumb question. I have been reading in this area of the Forum since Christmas as part of this year's plan to start better understand investing and while I am perfectly capable of putting the initials people use into google, this doesn't always tell me what they are, or how they work. I know if I ask about…
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Icesave savers rescue funds recovered
Tweet by George Osborne today:
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Tax on investment income.
Hiya, I'm new to this and trying to get my head around tax re: income on investments. I've worked through the info and think I'm right but would massively appreciate any feedback in case I mess up. I've a Managed Unit fund due to be cashed in as an endowment to repayment part of my mortgage. It's in joint names (me and my…
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Help to Buy ISA - Credit Check
Hi all Probably a really silly question and I think I know the answer but just wanted to check. If I open a help to buy ISA will a credit check be done? I want to apply for a mortgage in the next month and don't want anything to impact my score before I apply. Thanks Omar
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Iraqi Dinar - Feeling Foolish...
Hello - apologies if this isn't the right section but I finally want to put this one to bed if possible. Like many people, I'm sure, my parents and I foolishly got caught up with the revaluation rumours. Luckily we didn't invest as much as we were being encouraged too however it is a fair amount. After a lot of research…
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Investment options
What will you do if you have 60 k on hand? Can't get a mortgage because I am a foreigner and my visa type is not a permanent one yet, so buying a property is probably out. What other options I have?
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Hi there, quick quesi
Hi guys just wondering if any of you would happen to know which would work out best for me. I was reading the 'what's the highest interest rate you can get' thread and worked out I could manage the first three options, all bringing in around 300-350ish interest a year. I'd probably go with this one- 5% on... £2,000 lump…
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Why my fund has dropped 5% whilst most of holdings has increased?
AXA Framlington Biotech Class Z - Accumulation (GBP) One of my funds has dropped 5% but after checking holdings I've noticed all of them were up around 5 %. In general all NASDAQ Biotech was up quite high. Can anyone please explain that to me as it's my first year with investing and I'm quite confused. Many thanks.
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NS&I 3 year bond cash in early, tax query?
Good morning. Can someone just advise me if this is correct. I have had to cash in my 3 year bond early after 12 months. Roughly speaking this means:- 3 months interest penalty. [so 9 months interest] as we know. The interest was about 800 less three months was about 600 less 20% tax equals 480. NS&I or HMRC have…
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Maximising benefit of FirstDirect account
I had an idea for how to maximise my savings, that goes something like this: Step 1: Switch one of my accounts (not my main one) to the FirstDirect one (£150 in my pocket) Step 2: Open a regular saver (6% interest, 12 months fixed term) Step 3: A few days before rent is due, pay in £Rent + £300 Step 4: Pay the rent from…
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£48k share inheritance
Hi, I have just received £48k in shares as inheritance. It is a collection of shares which is being split amongst 5. There are about 25 constituents to the portfolio and I am wondering whether to keep all as they are or sell and buy one low cost tracker fund. I currently have this years ISA all in VLS80 and have maxed out…
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contributing to ISA vs having ISA
Hi, I am a bit confused about what the wording exactly means: 'contributing to ISA'. I know I cannot contribute to two ISA accounts in one given year, i.e. transfer money into it. However, how is it taken when I have one old ISA, dormant, which only has the money there and earns interest each year and if I wanted to open…
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traffic monsoon
Hi all, not sure if Im in the right section or not, but would really appreciate any advice on this investment. Has anyone heard anything about the company, is it a scam? Was thinking of investing around £2000 and dont want to lose my money if it is a scam. Tanks in advance for any advance :)
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Portfolio advice
Hi all, I'm looking for some advice on setting up a portfolio or two. I'd be very grateful for any advice guidance on investment funds as they're relatively new to me. I am planning for: S&S ISA £500 p/m deposit. Increasing to around £1,000 p/m eventually. 15-30 year term left untouched High growth potential, I understand…
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Help to Save scheme
Help to Save scheme to ge unveiled in March's budget - http://www.thisismoney.co.uk/money/saving/article-3397628/Prime-Minister-announces-help-save-scheme-encourage-tho-low-incomes-encourage-build-rainy-day-fund.html
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Prudential Savings Bond v's Santander 123 Bank
Hi.....struggling to get my head around the maths here so looking for guidance. Got £20,000 to invest. I am currently banking with TSB paying £13 a month for the account which both me and the wife do make use of the breakdown cover, mobile insurance and travel insurance. Was toying with going to Santander to get the 3%…
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Selftrade - How does their Inactivity Fee work...exactly?
Hi, I've recently transferred my dealing account (Vanguard/Blackrock funds only) to Selftrade from CSD after it became more economical and will likely be doing the same with my CSD ISA in the new financial year. My one question I've not been able to see from the great Monevator platform comparison or any other searches on…
