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Savings & investments

Archives for August 2016

£100k - what to do?
For all of us who aren't savvy re the stock market ... And who don't see the point of being landlords... Looks expensive and hard work... Where do we put our money? No debts, comfortably paying off mortgage on a low interest rate...
lump sum
at present in a very nice position where im sitting on nice mid 6 figure sum got quite a tidy sum already invested (200k) although only just got all that underway so no indicators from that so far. loaded into pensions and unit trusts. been seeing a fair bit about fee's lately so thinking long and hard what to do with this…
List of before/after rate cuts following BoE cut?
Is there a list somewhere (on MSE or another site) that shows the interest rates on accounts before and after the recent BoE change? Probably of interest to this community to track in addition to numerous individual threads on specific banks/accounts and good to point out the banks that have not reduced by more than the…
Should I be investing more?
Hi All, as per thread title do you think I should be investing a larger amount into my S&S ISA? Here is my current situation: Age:25 S&S ISA with Charles Stanley investing in VLS 80% Fund, Currently put in £2450 and is up around 16 odd % so worth around £2800 atm (Started investing in this fund Oct 2014 I believe. I invest…
First paycheck advice
Hello, I'm just looking for some wisdom and advice re: savings. I've read Martin's pages on h2b isa, current accounts and savings accounts but for whatever reason I'm still not to clear on what is best for me. A bit of background. I've just started my graduate job with an annual take home salary of approx 24k. I have a 38k…
Can I save for my brother?
Hello, I am new here and looking for some advice please :) My brother has had some financial difficulty in the past and is struggling to make things work. He has a lodger and has asked if I would take the rent from the lodger and keep it safe in a savings account for a few months so that he doesn't spend it. (previous…
First paycheck advice
Hello, I'm just looking for some wisdom and advice re: savings. I've read Martin's pages on h2b isa, current accounts and savings accounts but for whatever reason I'm still not too clear on what is best for me. A bit of background. I've just started my graduate job with an annual take home salary of approx 24k. I have a…
Taxation, account standing charge, santander
From the title as you can see, what is the taxation status when you pay to be in the 123 account, a monthly fee of £5, can you set this against the 11/2% earned?
Newbie needs help buying shares
I'm a complete newbie with buying shares but I have a keen and passionate interest in a specific company that I would like to buy shares in. Yes I'd like to see my money grow but the amount I'm investing is something I'm fully prepared to risk losing if things go in the worst case scenario. The more important aspect is…
Best for Savings
Hi everyone. I am looking for advice or pointed in the right direction for the best account to put a lump sum of money in. Through very tragic circumstances I am due to receive a large amount of money in the next few months (possibly before Xmas) and I would like to put some of this money into an account where it will gain…
Salary sacrifice worth it?
I could pay pension 2 from salary sacrifice to save NI, which is a nontrivial amount to me However- - need to renew mortgage deal in 4 1/2 years (maybe contributions to pension 2 have already !!!!!!ed that up but I would've thought salary sacrifice definitely would) - and if anything I'd like to borrow more to leverage my…
Anyone can become a multi-millionaire
On CNBC today was a story about Ronald Read, a janitor in Canada. Sadly he passed away aged 92, but it was then discovered he had amassed a fortune to the tune of £6,000,000! Goes to show you don't need to be an expert financier or the help of an advisor to become a multi-millionaire. Easy innit! Cheers fj
My 14 year old daughter and a £20k inheritence help
Hi. I'm new to the forum so hope this is in the right place? I've searched and couldn't find the answer so thought I would ask a direct question. My wife uncle passed away last year. This week we have received some surprise cheques through the post for my wife and I, my older daughter and my 14 year old daughter. No…
HTB and what other account?
I want to open a HTB with the £1000 deposit and make maximum monthly payments but also I need the best account type to deposit a further £200-400 a month over 4-5 years, I am currently with Lloyds, is it worth switching banks and if so which saving accounts are best.
Best way to allocate funds for person aged 90+
My father-in-law, who is fully compus mentis but struggles physically is in a nursing home. Following the sale of his home, there are substantial funds sitting in bank accounts doing nothing. There are sufficient funds to satisfy his care requirements for some time but we would like to do something sensible with the rest…
Yorkshire Bank Savings Rates
Looks like some accounts are dropping by up to 0.5% from 1 December 2016: http://www.ybonline.co.uk/personal/savings/interest-rates-and-charges/interest-rates-and-charges?Savings%20Accounts Not had formal notification yet; assume it applies to their other brands as well e.g. Clydesdale.
Savings for new born
I have a new born baby who I am looking to save money for their future. I have been looking in to a JISA but not sure if this is the best option. I would have a small lump sum to start off with and would be looking to invest between £25 to £50 a month. Any advice or previous experience of this would be helpful as not sure…
Bitcoins
My husband recently passed away and has a number of bitcoins does anyone know how I can exchange them safely for cash?
Company stock options - short selling service
Hi, I have company stock options that mature in the next few days and I am struggling to find a bank that will assist with the short selling service, does anyone have any recommendations please? Thanks, Andy
European Assets Trust
Does anyone hold this? The share price has not budged in weeks, not up, not down.. not moved any reason for this I'm missing?

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MSE News

Ofgem proposes new 'no standing charge' Price Cap – but Martin Lewis warns vulnerable customers need to be opted in or it won't work
Ofgem has today launched detailed proposals for a major shake up to its Energy Price Cap that dictates the price over 80% of homes in England, Scotland and Wales pay for their energy bills.
Lloyds, Halifax and Bank of Scotland to cut overdraft rates for millions but hike them for others – here's what's happening and full help
If you're a Lloyds, Halifax or Bank of Scotland current account holder, the interest rate you're charged for using your overdraft could change soon as part of a fees shake-up. The Lloyds Banking Group, which owns all three brands, says millions of its customers will pay less after the changes – but a "few" will pay more.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more low-income households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Martin Lewis: At last a chance to fix Council Tax flaws impacting millions – debt collection, difficulty challenging your band, discounts and more
Major flaws in the Council Tax system in England could finally be fixed in future, as the Government has launched a wide-ranging consultation to review hideous debt collection practices, the difficulty of challenging your band, the overly complex and horribly-named Severe Mental Impairment discount and more. MoneySavingExpert.com founder Martin Lewis, who has long campaigned on these issues, shares his response and analysis.
Energy complaints to be dealt with more quickly and Energy Ombudsman to get new powers under Government plans
If you have a complaint about your energy firm, it may be resolved more quickly in future, as the Government has announced a raft of proposals to strengthen consumer protections in the energy market. The planned changes include giving the Energy Ombudsman new powers to force firms to comply with its decisions – but it's still very early days. Here's what we know so far.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Base rate held at 4.25% – here's what it means and when it might be cut next
The Bank of England has held the base rate at 4.25%. Below we explain why, when it might be cut, plus what it means for your mortgage and savings.
Applied for South West Trains 'boundary fares' compensation? Act now to claim it
If you applied for compensation from South West Trains before the deadline in January 2025, you now need to provide your bank details to the claim administrator so it can be paid to you. Here's what you need to know.
Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payment this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.

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