-
What to do with inheritance funds
Through recent inheritance and sale of a 2nd property my husband and I have been able to pay off our mortgage and still have a substantial amount remaining. We have one child and have already saved a large sum for her university expenses. Ideally we would like to retire early (we are in our early 50s). We both work in the…
-
Confusion about H2B Cash ISA / S&S ISA Limits
Hi All I have some confusion about ISA's and limits (i.e. paying into only one Cash ISA a year), and what that means for where I can store money. TBH about saving accounts in general. I've historically had an instant access cash ISA with my current account (which I was paying into monthly). This year, I opened up a H2B…
-
savings for pensioner
Hi, my mum is a pensioner. she has almost £20000 in the credit union and can't put any more than that in. She has money in her current account that is making nothing. Is there any hassle free savings account I could put her in. don't want the hassle of changing banks or setting up regular savings accounts, cheers for any…
-
Nat west debit card limit for NS&I!
I have been trying to buy NS&I saving bonds, they insist on payment via debit card, I have tried 3 times to buy but each time Natwest declines payment. On contacting Natwest they tell me that their is a max limit of £2000 via debit card to financial institutions, they won't budge on this even if you give your permission.…
-
Coinbase v Etoro
I understand all of the risks with Bitcoin. I have a small amount of money left over at the end of each month and I am thinking about investing a small amount (that I can afford to lose) in either Bitcoin or Litecoin. My research has found the two platforms: Coinbase and Etoro. I would be interested to hear reviews about…
-
Personal Savings Allowance
If HMRC automatically collect tax on any interest earned over £1000, how do they differentiate between savers when the interest is paid into a join account?
-
Cashing in Cryptocurrencies
I am a PhD Researcher who receives an annual tax-free stipend of circa £14K. Additionally, I have some cryptocurrency investments, from which I would like to draw some profit. My question is this: if I cashed in £11,500 of my cryptocurrency investments, would that be subject to tax? Or would it remain under my tax-free…
-
interactive Investor no longer
I need some advice on trading platform I should use for trading stocks and shares. I have been trading on Interactive Investor for over 6 years but recently they have changed their platform with a merger with TD Direct. Everything is bad about this setup, I honestly like to think myself as a welcomer of change, and I have…
-
P2p question
I have two lots of p2p savings at the moment, ratesetter with 2000 in for the bonus and ablrate in an ifisa with just over 3k in. This represents about 10% of my non pension net worth. I have a stocks and shares isa with about 25k in it as well and cash of about 10k which I'll be building back up having eaten into my…
-
Tesco Savings Direct debits
Did I read on here that Tesco Savings account were not going to accept direct debits anymore or did I dream that one up? I did search to try and find the post but couldn't which makes me think I imagined it. I hope it was my imagination as I don't know where I am going to set up direct debits to meet the various banks…
-
Tax on Robo investments
How is tax taken on general robo investment accounts (not ISAs obviously) ? I have a general account with Nutmeg that invest in ETFs across bonds, equities etc. At the end of the year, do I declare the notional rise in value, even if I have not withdrawn anything ? And what if the investment value actually decreases ? How…
-
Help to Buy ISA - Interest
With the Halifax Interest, it's paid into the Help to Buy ISA Account. Hover the maximum you can put into a Help to Buy ISA account it £200 a month. Therefore if the interest is withdrawn then the Government Bonus shouldn't be affected. Right?
-
Can I have 3 high interest accounts with 3 different banks ?
My inheritance of £50k is sitting in my current account at the mo...I've read that some banks offer 3% interest on £20k....can I put eg. £20k into Santander @3%...£20k into Halifax @ 3% and £10k into Nationwide @ 5% ? These rates if it's doable would give me around £141 a month interest to spend on whiskey and golf :) ! Or…
-
Best way to save £140k for a few months
Hello, I'm new to the forum, and feeling rather out of my depth. I have £140,000 to put towards a property. I'm not ready to start looking yet, so would like to earn some interest while I decide how best to proceed. Also, I'm aware that currently only £85k is automatically protected, so want to move quickly.. I'd…
-
Pension Lump Sum - Safe Investment ?
Hi folks ... well at long last we have reached our retirement. After a lifetime of doing everything in moderation the lump sum is coming. What do I now do with £100k ? Advice please ... :)
-
Tax treatment of Acc Fund dividends
[FONT=Verdana, sans-serif]I am liable to income tax on Acc Fund dividends so would like to understand how the 1[/FONT][FONT=Verdana, sans-serif]st[/FONT][FONT=Verdana, sans-serif] dividend paid is taxed before I make an investment. [/FONT] [FONT=Verdana, sans-serif]Assuming a purchase price of £100 and a…
-
Best place for £80k for approx 1 year
Hi A friend of mine has just received £80k as a divorce selttlement, another £60(ish)k to come at some point (hopefully within a year) when some land sells. They would then purchase their own property, so don't want to tie up the cash for too long. They are a self employed gardener so their income isn't that much, not…
-
Lifestrategy or.....
I’ve £17k to invest in a SIPP and I’ve spent some time reading through various posts on the forum and also looking at monevator site. The Vanguard Lifestrategy funds seem to be very popular here and I’m currently looking at the Lifestrategy 60 which seems to be most appropriate to my age and planned retirement date…
-
Financial Adviser or Independent Financial Adviser-IFA
No useful anymore
-
VNQ - KIID - barred from future purchases.
Not having much luck, what with IG and now this, my plan was to hold VNQ VNQI in a SIPP to negate US dividend withholding tax. I hold the SIPP with AJB but currently hold VNQ with HL unwrapped. The plan was to move that in April. Then I get this from HL related to VNQ. I haven't read any details of MiFID II but assume it's…
