-
GIA tax question
I see that everyone has an annual capital gains allowance of £11,300 On a GIA. Is this profit on your investment before you have to pay tax on any of it. IE if I invested 30k in a GIA in December does that mean the GIA has to be worth £41,300 over the tax year before I have to declare it and pay any tax on it ? Many thanks…
-
Inherited £100k - game changer
We have unexpectedly inherited £100k which is a game changer for us as it means we can retire without selling our house but this is a one in a lifetime decision and pretty scary so would value your thoughts on it. We are 64 and 54, have a £160k tracker mortgage at 2.09% over base rate with 11 years remaining. I know, I…
-
Portfolio planning and allocation 5-10 years
A few weeks ago I sold out my funds taking some nice profit ( won't bore you with all the reasoning etc ) So I'm now a bit cash heavy.Its all working in various savings accounts, and I put some into a 3 yr NSI bond. However the overall spread since the sell off at present now is .. Cash ( regular savers, deposit, using…
-
Extend mortgage to fill ISAs?
Would appreciate some feedback on my 'nice problem to have', At an average of mid 30s we have repaid around 80% of our family home with a mortgage of around £400 per month for the next circa 25 years which is roughly when I would like to retire early. This mortgage repayment is around 10% of our regular income even after…
-
Managing my young son's inheritance
I've already posted about this on the Marriage, Relationships and Families forum. A respondent has suggested that it really belongs here. My wife died recently (we were separated), and my fifteen year old son will inherit a decent amount of money from her pension (60K+) and a share of the home he currently lives in (30K).…
-
Share dealing broker that takes deposits in EUR
I want a broker that allows me to trade and deposit in EUR. I use IG atm but they are now intorucing an insctivity fee of £24 per quarter when you dont trade. I am not a frequent trade. I prefer to buy etfs and just sit for the long run. Is there a good broker for that?
-
SIPP vs. ISA in pension planning
Can I please check the comparative dis/advantages of SIPPs and ISAs in pension planning. If we assume that: i) I am not currently a higher rate taxpayer, or I have paid enough into my SIPP this FY to reclaim all my 40% tax ii) After I retire I will always fully use my personal tax allowance iii) Tax rates will be the same…
-
What Does a Hedged Fund Do?
I know what hedging is when I am talking about buying something in a foreign currency at a fixed point of time in the future (it effectively guarantees the exchange rate that I will get at a point in the future) but I am not sure about it when I am told it is applied to a fund that I might hold for many years & which has…
-
S&S ISA vs Pension vs BAYE
Hi all I was hoping to get some views and comments around my potential decision making on savings. My company offer SAYE and BAYE schemes. I max out the SAYE schemes each month to £500 and have a scheme maturing each autumn. Last year I did very well as over the past 3 years my companies share price more than doubled. My…
-
Britannia Gold Coins. Cheapest way to buy and sell
My interest in buying and selling Gold Britannia coins is purely as an investment. Noticed that there are considerable differences in the buy and sell prices between the dealers. Cost of inducements such as free delivery, free insurance, payment using a credit card, etc will inevitably be factored into their prices. Are…
-
Alexa Premium Bonds checker
For any premium bond holders here. I've created an Amazon Alexa skill which will tell you if you've won (or not) in each monthly prize draw. It can also send you an Alexa notification on the monthly prize draw date (normally 2nd working day of each month), at a time of day or your choosing, with your win/no-win outcome.…
-
RIT & Capital Gearing as Defensives?
If I was looking to allocate 40% or 50% to a basic portfolio and wanted a defensive choice but with long term growth potential what do people think of Capital Gearing and RIT please? http://www.moneyobserver.com/our-analysis/nine-safe-haven-investment-trusts-to-weather-market-slide and plenty of other articles highlight…
-
Barclays Bond
Ive had a couple of bonds with barclays for atleast a decade. Ive had a letter from them asking for several identity documents (eg passport) and explaination of where the funds came from. Has anyone else been contacted? It feels really odd they are asking for such documents etc several years later. They are saying if this…
-
Interest paid into separate account
Halfway through applying for Investec's one-year fixed- rate bond I was very disappointed to be given no option to have the interest paid into the account itself. This makes a significant difference to what you earn on the money right? Sorry if this question's a bit basic. I've searched everywhere and can't find the topic…
-
Stocks and shares ISA/Company shares
Hello, I used to work for a company that went public whilst i was working there. They gifted all employees at the time with free shares. Unfortunately, after 2.5 years the company made me redundant however, thankfully i was able to retain my shares. I recently got a letter saying the company who manage the shares need a…
-
Sipp outlook
I admit I don't know much about sipp and I need to educate myself. However with ever increading retirement age is it possible that one day a government may turn around and say that sipp retirement age will not be 55 anymore but 62? hypothetically a jeremy corbyn gets in, squanders whatever little the treasury has for ten…
-
£10,000 proposed for everyone under 55
http://www.bbc.com/news/business-43078920 I don't understand this article. If the government cant afford to fund the NHS and other emergency services, how does it propose its going to give everyone £10k ? I am probably being thick here.
-
23 and a 31k grad salary. My retirement plan.
Hello all, I'm a 23 year old working a 9-5(6) graduate job at a large UK telecommunications provider and I earn £31,000 per year. Yep that's my salary and I'm going to share with you my plan for retirement and would love to receive input on some questions I have set out below. Alongside my graduate job, I run and manage 3…
-
best place to invest
end of this month I get a lump sum from my BT Pension, I have nearly £30,000, can afford to invest £17,000 and not touch it for 5 years and will use the rest to pay off car loan and get some jobs done at home, will also add a small amount each month, best place to invest please, have seen a couple of Fixed rate ISAS that…
-
Savings, Pension or Mortgage Overpayment?
Hi, I'd like the benefit of your collective wisdom please. My partner and I have recently moved home, taking out a new 26 year mortgage, and managed to clear all debts, other than the mortgage, in the process. After all bills have been paid and living expenses, including treats such as eating out occasionally etc, have…
