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Can i add funds to existing ISA
Hello Im after a bit of advise please. Ive googled it many times but cant find a straight answer. I have an ISA with Halifax which has £6k in it. Id like to add a further £4k from another savings account, can I do this? Im very confused!
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Record inflows of $236bn into Vanguard funds in 2015
Passive investing appears to be increasingly vastly in popularity. http://www.wsj.com/articles/investors-poured-record-236-billion-into-vanguard-last-year-1452035259 Interestingly The "average passive fund" does not appear to be THAT much cheaper than the "average actively managed fund" despite the cheapness being the…
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Help to Buy ISA along with Cash ISA
I currently have a cash ISA that I opened in February 2014. I have not paid anything into this ISA this current tax year. I would like to open a Help to Buy ISA this month, however the rules state you cannot contribute to two ISAs in the same tax year. Am I able to open a Help to Buy ISA in the current tax year, and then…
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Anyone use FXCM platform?
So I'm just testing out the demo account and completed 3 trades. You can see them here and it says Gross P/L £97.61 but when I click on the Accounts tab it shows this which says I'm down £58.45 Can someone explain what is going on? Not sure I understand it... I'm just messing around because it's the demo account anyway but…
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Advice: help a young man starting out!
Hello there! It's weeks I'm reading articles here on moneysavingexpert and while I'm now more sure about what to do on some topics, I've got quite confused on others! Infos about me: I've been hired by one NHS hospital, band 5, I'll earn around 1500£/month in the first year, probably a bit more as overtime, night-shifts…
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Ultimate 4 trading scam or not?
My husband recently found a yahoo news link relating to a trading algorithm. This algorithm has apparently received a 'start up 365 innovation of the year 2015 award' and claims a 75% success rate. The company name is Ultimate 4 Trading. The question is, is this a scam or is it genuine? Has anyone else heard of or used…
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Ditch Santander ??
I have 20K in Santander 123. I have 2 tsb, 1 Lloyds, and a few others. With the increase to £5 a month is it worth me moving it by splitting it up. My cashback via utility bills only comes to about £2.50 a month. Any ideas please?
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Transfering between ISAs
Hi I have two Santander cash ISAs that have been sitting accruing only the minimum interest for the last year or two. At the very end of 2014/15 I opened up a Save to Buy ISA with Nationwide and have been paying in to that regularly. I'd like to transfer my Santander balances over, but the Save to Buy T&Cs don't allow…
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What's the difference between these 2 stocks?
Ok, I'm looking at putting some money into an oil ETF. I've decided on Energy Select Sector, now everything I search for in google comes up with ticker XLE. The online broker I use, (youinvest) only has Energy Select Sector SXLE. Which looks very very similar to XLE however it only shows just over a year of trading and…
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What kind of Savings Account?
Hi all, I'm really confused and looking for advice. I recently started a new job (4 months ago) after a long time spent studying. My salary isn't huge and I've had to do myself a fairly strict budget. In the meantime I've taken out a loan to pay for a new car (that was really needed), and pay off a Career Development Loan…
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Retirement Fund or Put to Mortgage?
Hi All, I am after opinions really. Its progress I am now on this forum instead of Debt Free Wanabee I suppose !!!! Over the past 18 months I have seriously knuckled down and been very careful with my money, which is now accumulating in my savings / retirement fund. I have £9.5k saved, which will be £14k by the end of the…
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Advice on asset allocation and fund selection
I posted here previously some time ago and took on some advice and have decided to move to a predominately index/passive approach. In addition to my main property and employer related stock that I need to retain. My current asset allocation is as follows Single Stocks 25% Cash 40% Funds 35% I am going to gradually move…
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Loyalty Saver best rate?
Leaving 'Current Account Savings' aside, is there an Instant Access Savings Account on the market that beats Nationwide's 15yr Loyalty Saver paying 1.2%Gross?
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Income tax on 5 year fixed saving
I have searched the internet and forums but have not found an answer to this question. My daughter invested a sum of money in a 5 year fixed interest account that has just matured with several thousand pounds of interest with tax paid at source. The original AER was quoted at 5% per year, but of course the interest is only…
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Savings for my daughter
Hi all i could do with some help/advice on saving for my daughter over the next 10 years. Maja (my youngest) has a CTF already which we dump money in by saving numerous ways, i.e. saving 1/2/5p's, birthday money from family members etc. I am now looking at opening a Halifax regular savings account for her where £100 a…
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Paper Shares
My wife & I have shares mainly in paper form acquired over many years, there might be a few held in an electronic form. Is there an easy way I can get them all into an electronic account. Looking online it seems to mean filling in a form for each holding & posting them to the company. There are 16 companies & a lot of…
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Beginner share investor
Morning all, The new year is here and I'm wanting some advice on investments. I'm wanting to have a dabble in the stock market, I have 1k to start off with and after initial research it appears the best option is to locate a diverse EFT and invest via an online platform that has minimum fees. My first question is related…
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Switching banks
Hi I have a Santander account and my wife has a barclays account. I can put in around 1000 p/m whereas she has about 400 p/m. I also have a mortgage account with First Direct. Savings around 6k. Our aim this year is to save up to 15k. I am wondering if I can switch my wife to First direct, pay in 1k to her and get the…
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Fixed Rate Accounts - Why aren't High Street Banks competitive?
Hi, I am considering opening a one-year fixed rate account. Looking at the best UK options it seems that lesser-known Banks offer significantly higher interest rate than the High Street Banks - why is this? Smaller organisations and therefore lower overheads perhaps? Also is their any downside to using a lesser-known Bank…
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Justify accessing money
Is it correct a bank can refuse to hand over a large sum to the account holder unless they can prove the purpose of such withdraw? If so think getting my safe bolted down could be in order!
