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Savings VS. Custodial account?
My father wants to put money every year into an account that my son (currently 4 years old) will use when she turns sixteen to buy a car. 1. By putting the money into the custodial account, does this mean that he will not have to declare any interest income every year on his taxes? 2. What other reasons are there to use a…
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Hedging my retirement bets, stakeholder pension or build a portfolio?
Hi all About 13 years ago I kicked off a stakeholder pension when my contract went from fixed term to indefinite. It's a Scottish Widows one with the fund invested in consensus. I've not put a great deal into it (about 30 quid a month) and am 35 this month. I've recently been putting in a 100 quid here and there to try to…
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A simple, visual model of 2016/17
Here's an update of last April's posting. Nothing has needed to be corrected, but I've added, in italics, extra steps to take if you're affected by the most common topics raised on MSE in the last year. Draw a, to-scale, vertical column representing your taxable income. The top part of the column is any dividend income,…
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Selling/Transferring Fund
Hello, Say that one fund over 5 years is performing badly and or I have a change of direction and want to sell a fund to buy another or transfer. This fund is £10,000 for example. The issue I see with this is £10,000 will go in one block. I like to drip feed and buy at difference prices which helps to smooth out the bumps.…
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Ideas for which account please
I have £5000 invested in a Family Regular Savings Account with the Norwich & Peterborough (Yorkshire Building Society) which matured yesterday. I would like to close this account and then drip feed this amount into a Nationwide Flexclusive Savers Account at £500 a month. Just wondering which is the best account I could put…
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A simple, visual model of 2017/18
Here's a simple, visual, model of 2017/18. It's just an updated version of the one for last year's 2016/17 model - plus, in italics, extra steps to take if you're affected by the most common topics raised on MSE in the last year. Draw a, to-scale, vertical column representing your taxable income. The top part of the column…
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Friend has 15 year old son and wants to put money away until he is 25
Hi Not asking for advice of course but my friend at work wants to invest £50 per month from between 10-15 years for his son who is 15 just now. What are the best options open to this kind dad please?
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Junior Cash Isa & Adult Cash Isa at same time
The HMRC web site states: "Children aged 16 and 17 can open their own Junior Cash ISA as well as an Adult Cash Isa" One would assume from this that one could fund both!! Many websites (including MSE) quite clearly agree that this anomaly means that in the 2016/2017 tax year a child can save up to a combined total of…
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Stewart Investors Asia Pacific Funds
I have noticed that quite a few platforms and indeed IFA's tend to recommend Stewart Investors Asia Pacific LEADERS and I wandered why they do this instead of the other two funds - Stewart Investors Asia Pacific Sustainability and Stewart Investors Asia Pacific. Anybody know why there seems to be a preference for the…
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Opening a Post Office Bond
Opening an Online Bond with the Post Office (ie for Bank of Ireland) is very confusing – I tried it 2 days ago. The online instruction you receive confirming the account has been opened is to proceed by posting a personal cheque to a Freepost address in Romford (FREEPOST RSUE-HLBH-LRYR), which I did the same day (for…
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Sharesaver plan
Hi work for a company who run a sharesaver scheme.My granted shares for the 3yr sheme is 15743 equ to £500 a month but the company I work for got sold just has the scheme started and they allowed us 6 months on the scheme to pay in then it would lapse with the usual options buy/sell etc... My question is due to the fact we…
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For those who buy foreign shares...
how do you buy these shares? do you exchange the GBP to the foreign currency via a FX broker (to get the best rate) then buy? or do you just buy through your broker and pay the FX commision which is quite large from what i seen?
