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Halifax PIP - in Trust - Tax
I am a recently-appointed trustee for a Halifax Personal Investment Plan my father-in-law took out 8 years ago. It is in Trust for his (now grown-up) children. There would now be no inheritance tax liability, but I can't get my head around the Capital Gains Tax implication, if the funds were distributed to the…
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Transfering Money
Hello everyone, I am sorry if this has already been posted but I could not find it and I am new to this website. My girlfriend and I have recently moved to England after a year long stay in Norway. We have saved 10,000 pounds in our Norwegian Bank and we are hoping to transfer this to our English bank. I was wondering what…
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Maturing ISA, what next?
Hi everyone, I have a v small ISA maturing in October (c£2100). I know things may change before then and reinvesting in an ISA might be the best thing to do, but I'm not holding out much hope. I'm wondering what other options there are. I'm hoping that even though this amount is small now, I can use it to start building a…
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Closed With Profits funnd - good or bad?
My father has an L&G bond. A recent statement said that the fund is now closed. The current bonus rate is 2%. Is the closure good or bad for him? As people eventually encash their bonds would any terminal bonus for him increase? What are the implications of it being closed?
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£100,000 Inheritance - now the right time to invest?
I am writing this on behalf of a friend. He is lucky enough to own a property with a smallish mortgage and has inherited the above sum. Bearing in mind the current situation, what would you do? He was planning on placing it in his index funds portfolio as always but fears that now is not the right time. Paying off his…
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Questions about ISA
Hello, As I stated in the title, I have some questions about ISA: 1/ Can you hold Gilts in an ISA? (example: IGLS, INXG, etc.) 2/ Imagine I have 100k£ to invest as a new investor. And tomorrow I am going to invest 85k£ in VWRL and 15k£ in VGOV. Which one would you use the ISA with and why? 3/ Imagine in the past years I…
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Income/Accumulation confusion
Hi All, I have a fidelity ISA account invested in a variety of funds. A few months back stuck £800 in Aberdeen European High Yield Bond I Acc and as it had a ~6% yield and monthly dividends. I thought what I'd see was approx ~0.5% = £4 per month being reinvested in new units in the bond. Clearly I'm wrong though as the…
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Saving with friends for holiday?
Two friends and I would like to put £10 a month each in a joint savings account for the next 8 years so we can celebrate our 50th birthdays with a holiday together. What is the best way of doing this? I think I read recently that some celebrity was setting up a website that would enable this, but I can't remember the…
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Should you be worried?
I've been attempting to get savvy when it comes to my savings and investments. After much consideration, I set up a Vanguard Fidelity S&S ISA at 80% acc. I'm 29 and hoped I could use the account to ride out the ups and downs and keep it in there for the long term as a pension. I deposited 5k in there early last year as…
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Discretionary Trust No-Risk Investment.
Unfortunately I inherited a substantial sum of money 6 years ago when sadly my dear mother passed away. This money is held in a Discretionary Trust for myself as beneficiary with both myself and my brother being trustees. I am disabled and unable to work and consequently claim ESA and this was the only way that the bank…
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Never Really Invested Before
My husband and I want to downsize leaving us with around £200,000 to invest, with another £20,000 each year for the next 15 years or so. We've never really invested before because we have always had a family and mortgage to pay for. My husband thinks the only worthwhile way is to get into buy to lets, as we have had 1 flat…
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Savings help.
I'd appreciate any help or advice with savings, I'm totally lost with all the complicated bank accounts! Basically I have about fiftteen thousand to put somewhere, I have a pretty bog standard HSBC current account and the 6% HSBC savings account and an ISA, someone said I should move to the Santander 123 account, but I…
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Is it worth keeping TSB Gold AND getting Santander 123
Hi....got over £20,000 to invest....was thinking of keeping our joint TSB Gold Current Account open and paying the £13 fee to get the car breakdown,phone and holiday insurances for both me and the wife as they pay good interest on the 1st £2000 but then was going to also open the Santander 123 Account to invest the…
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keeping savings safe.
As savers can only put £75,000 into each financial institution to insure its protected from the banks going bankrupt, does this mean that if a person has a large sum to invest, say for example £500,000 , that they would have to open up seven separate accounts with seven different financial institutions ? Also what do…
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£9k to save. What are the best options?
I have roughly £9k currently sitting in a Santander account which I don't believe is good for me since the fee increase and the fact that I have no need for their cashback offers. I'd like to use £1000 to start a side business that I have in mind and I have no desire to make any major purchases with the remaining amount.…
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Now that the banks are about to crash again...
What should I be doing with my savings?
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Best savings option
I am saving for a wedding and need somewhere to leave the cash where it can earn some interest. I need to be able to access it. I already have a bank account with the relevant incentives I need though. I don't think I can open another current account. Any advice on what is best to do in the current market of low rates and…
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junior isa
Hi we have child trust fund for our 10 year old daughter. its been running since she was born. it has not performed well at al.l 14 months ago we started to put in £20 per month to top it up. It was being invested in the stock market. We would like to transfer it into a junior isa. Can anyone advise a good performing isa…
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Investing money from a Will Trust - help
My Mother died earlier this year and left some money in her Will in Trust for her 3 grandchildren until they reach the age of 25 when they can inherit. The grandchildren are aged 24, 17 and 11 respectively. My sister and I are co-trustees. We are not keen on investing in the stock market at present and would prefer a…
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What assets will suffer in the global crash?
The chairman of the OECD's review committee says we are heading for a global economic crash. Debt levels are now unsustainable and unlike the 2008 crash emerging markets cannot help drive any recovery as they are in trouble too so in the next recession many debts will never be repaid. He warns that this will be…
