-
Gold is pointless
I fail to see why anyone would keep it, as cash seems superior in every way - cash is a more reliable non-correlator, more liquid, more productive, and you shouldn't hold an excessive amount of either, and being bearish over the long term seems unlikely to ever work The only thing i can see about it is active etf…
-
Investment Platforms for SIPPs/ISAs-Close Brothers, Charles Stanley, Best invest, HL
Just thought I'd share my experience of moving SIPPs & ISAs for relatives. Mine are with Interactive Investor having left Hargreaves Lansdown due to their fee increase a few years ago - fine for larger porfolios. I opted for Close Brothers initially as their 0.25% fee was competitive for the amounts involved (£20k - £40k),…
-
Opened new ISA and paid into old one in same tax year
I have mistakenly paid into two ISAs this tax year (2017/2018). I opened a new one with £20,000 then paid £1 into an ISA which I already had and which contains contributions over many years. I realised right away that I had contributed £1 above my annual allowance, and then found out that I also can only contribute to one…
-
Savings interest tax question
I just wanted to check: I am a higher tax rate payer and understand that any interest I receive greater than £500 is liable to be taxed at 40% due to the changes to the tax law last April. However, under the old system prior to this I regularly received statements from the various banks I have saving accounts with stating…
-
Switching accounts
Hi I am looking at switching the ISA I currently have with Halifax to a savings account with TSB. Is this possible and would it be a simple process with my money being transferred automatically. The reason I want to close my current ISA is so I can possibly open a Help to Buy ISA or a LISA (when banks start to offer it)…
-
Advice Please.
My wife and I are mid 50's both working with a joint monthly net income of £7,500. Annual bonus payments of £40K I plan to continue working until 60 (final salary scheme pension) so worth staying on and I want to work. My wife may retire in a few years time. No mortgage and house valued at £1.5M. No major monthly…
-
Is there a savings account for UK citizens living abroad?
Hi, My son lives and works in New Zealand. He will shortly become entitled to some money which he wishes to keep in the UK for future use. Are there savings accounts available to non-residents? He can use our (his parents) UK home address if it would help, but he wants to be open about not living here. We would be grateful…
-
ISA maturing but want to open a cash ISA before the mature date
I have a cash ISA due to expire on 1st June. I also want to open a new ISA for 2017/2018. My question is - can I open a NEW ISA with new money to one provider, and then when the current ISA matures on 1st June transfer that to ANOTHER provider (as most transfers have to be done within a couple of weeks and this is over…
-
How Much Can I Drawdown Without Paying Tax?
Hello, after years of scouring these forums for all information financial I have finally plucked up the courage and joined. I have recently turned 60 and have money invested in a HL Vantage SIPP. I retired from work in July last year and do not have any income and will not until state pension age in 6 years time. My…
-
Is it easy to transfer an ISA
My existing fixed ISA is ending soon and the offers for reinvestment with the same bank are very low. I have seen some online ones that have a much higher rate. As far as I know I can apply online and get the ISA transferred, how exactly do I go about this, do I wait until my existing ISA has ended or can I apply for the…
-
Lindsell Train Global Equity
Hello, I would like some help to understand the difference between the Income and Accumulation version of this fund. I am looking at the Class D on Hargreaves Landsdown. Now, I understand that with an income fund, the dividends are paid to me. I understand that with an accumulation fund, the dividends get reinvested but…
-
Teen Savings
Hi there! We have been saving for our daughter since she was a baby and have £13,000 saved (in her name) which is for her to use towards University fees or towards a deposit on a house if she doesn't go to Uni. I'm looking for the best place for her to put this money until she is likely to need it which would be…
-
Does anyone buy AIM shares?
Hi guys Just wondering if anyone invests in AIM shares and would like to share? I have been burnt in the past with the likes of SRES, Range Resources and Plus Markets. But doing excellent with Sirius Exploration. Is there a resource people use to judge companies with high prospects? thanks
-
Dividends
Hi, I just have a question about dividends. If you invest in a fund, is it possible to still make a profit if from the dividends? Even if the fund ends the year down 5% or something? Generally speaking, how much of the profit comes from dividends and how much comes from the % gain in the fund? Those who have funds, do you…
-
Help with choosing bond fund
I've decided it's time to de-risk a bit and so have decided to put some funds into a bond fund. I understand that interest rates are at historic lows, QE etc has pushed prices higher, yields lower. From what I understand, if interest rates/inflation start to go up unexpectedly, it's better to have lower duration bonds.…
-
Large amount in one bank account
I am now collecting all my savings to buy a property So far I have gathered £196000 and it is sat in a cooperative bank account I have 3 months to go before the house is ready How safe is my money and how safe is the cooperative Bank Any advice would be appreciated
-
Standard life Demutualisation shares
I have made a huge !!!! up. I was sent a letter saying I was due some shares and it was put in my to to do pile and forgot all about it. I came across the letter today and realised it was actually worth a few hundred £££. The closing date for claims was July 2016 according to google, does anyone know if there is anything…
-
Edinburgh IT v Woodford Equity Income Fund (C)
Is there any benefit in holding both of these in the same portfolio in similar proportions? They both seem to be working to a similar investment objective of offering a reasonable level of income yield with some capital growth. To me, there seems to be a fair degree of overlap in the key holdings so for someone looking to…
-
Advice re opening a LISA on HL platform :)
Dear All, Thank you for taking the time to read this post. I suspect (like a lot of people) I have read lots of posts about LISAs. I have made up my mind to open one for retirement purposes. I think theres no need to go into whether that is appropriate for me over pensions etc as theres other threads for that. What i was…
-
S&m isa
I was wondering what funds and stocks you could hold to turn an s&s ISA into an s&m one? I wonder if there is an index and etf for it? The oldest industries should have stable demand
