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LISA Questions..
Hi all, I have just (yesterday) opened a Skipton cash LISA. This is my first isa/savings account. I turned 39 3 weeks ago. I have opened the Lisa account with £1. I will transfer the remaining £3999 before April 2018. Plan is to gain the 25% bonus to use towards a ftb house purchase in the next 3-4 years. I am…
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First S&S ISA and Second Investment
Hi, I have recently inherited a little money and I was wondering what you lovely people think of the below. I have read Investing Demystified and am getting my head around the whole passive investing way of thinking. I am 32 years old, single, own my home with tracker mortgage currently at 1.54%. No plans for children. I…
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Punjab international bank account missing interest
Anyone else missing their monthly interest from a five year fixed rate deposit account or is it just me that has this 'IT problem'? Cheers in advance
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Do you Pay for Financial Advice?
Hi, Does anyone on here recommend getting a financial advisor or does anyone already have one?
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should i lose my isa status for good
i have £60.000 in isa.s maturing soon should i put it back into isa,s which makes less interest or should i put it into a regular account with more interest and lose my isa status for good with all my savings i get over £1.000 interest thanks all for your opinion ie what accounts would you recomend
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ISA -v- 5 year fixed rate
Just a quick question before I lock my hard earned £££ away . ISA savings currently sitting at a paltry 0.25% interest. Have applied for Tesco fixed rate 2.35 for five years account . Is there any downfall to doing this fixed rate account instead of ISA - apart from the obvious not being able to access money ??
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Not all savings banks and building societies are equal
Have a number of savings accounts and regularly chasing best rates - and MSE website provides valuable info on rates and terms and conditions. However I am wondering if there should also be an index on how good processes and customer service are? Had a painful process with one bank recently when my mother died leaving some…
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Selling shares
Hi, I have approx £60k in shares in the following companies... IAG Santander Whitbread Diageo Lloyds They are with the original Broker (e.g. IAG - Computershare). I have been looking at the dealing costs for selling them with their current brokers which is much higher than the likes of Hargreaves Lansdown which charge…
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Regluar savings or top up easy access
Hi, is it better to put £250/month into a regular savings paying 2% or put the £250/month into an easy access paying 1.3%? There must be a calculator and/or spreadsheet somewhere. Thanks ~ Mike
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commercial property free of inheritance tax?
Hi i heard that commercial property can be exempt for inheritance tax purposes. if someone who owns a commercial property that they have let out passes away, would it be exempt from inheritance tax? or does the commercial property need to be used for business by the person owning it for it to be exempt from inheritance…
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interest on balances up to...
Hello all, I have money in various accounts, currently my nationwide flexdirect pays 5% on balances up to £2500. I have put £2440 in to make way for the accumulated interest, this is probably a silly question but if I top it up and put over £2500 in, will I not earn interest on the amount over the £2500? So, 5% up to…
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Virgin rs issue 1 a/c limit breach....or not?
VRS ISSUE 1 matures 20/10/17 - Max balance permitted £3500 Today I have had £10.48 returned to me entitled A/c limit breach, however the £10.48 was interest into the a/c which should be excluded from the max permissible balance. Maximum deposit limit £3,500 a year. For all accounts the maximum deposit limit also applies to…
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Cheapest platform to buy shares of a certain company and just leave them-passive
Hi I have a few k (4-5) that I would like to use to buy shares of a certain company and leave it for the next 18-24 months. Given the fees of various platforms which one would be the cheapest to use?
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P2P claiming losses to reduce tax
Hi all, Ive had a few loans go bad on a P2P platform. These were from 2015. Am I able to claim these losses against tax I owe in 2017? Or is it only loans that have gone bad in the 2016/2017 tax year that I can claim? Thanks
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Metro Bank online application for savings
Has anyone new to Metro Bank recently applied for a savings account online? What was the process like? Was ID completed online or would it always involve a trip to the branch? I guess the fixed term starts when the application was made, rather than when the FTA has been 'activated' once the agreed investment has been made…
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Chelsea and Yorkshire building society query
I am doing a bit of account housekeeping. I have a savings account with Chelsea and one with YBS. They merged a few years ago, and I was wondering what would happen if they were ever to demutualise. I assume as they are now one company, there would only be one potential payout, is that correct? Ie there would be no…
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Can you profit from a falling market?
Assuming you just hold 100% equities then in my mind when the market is rising than your portfolio value increases as share prices go up and when the market is falling your portfolio value goes down as share prices fall But what if you thought market was going to go down . Is there anyway an individual can buy a product…
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[UK Expat][Savings/Investment] Platform/Trading Options
Hi, I want to start investing some of my additional cash into ETF's. I was thinking a lump sum of around £5,000 and then around £500 per month. So were on £10,000 GBP plus after the first year. I don't plan to change that frequently, I think Ill pick 3-5 diverse funds. 3/ Solid ones, and then perhaps 1/2 High Risk/Gain…
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Best saving accounts for kids?
Hi, I am looking for some options for some accounts for my 15 & 12 year olds. They both have savings account with the Coop bank, my daughter has an additional goverment fund from when she was born, accessible when she turns 18, Sadly my mum passed away 2015 and I want to put some of the money she left away for the…
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Best place to save £5k
In the next few weeks I'll have £5k that I want to put away for long term savings. Will also have a little extra that I'll be putting in an easy access savings account for more general (new kitchen, bathroom, etc for example) savings. I'm just after some advice of where is best to put it!! I know in the grand scheme of…
