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Savings & investments

Archives for February 2019

Capital Gains
Please can somebody advise? In 2000 Mr A had some spare cash and invested it in some shares. At the same time he wrote to his children saying this money was for them and that it would become theirs in equal shares on his death. He has now died. How do you calculate the capital gain? As I understand it the relevant dates…
Millionaire by 65
The telegraph released this article and I was wondering how true and reliable/accurate This actually is and if it is actually something worth trying to do. This was the arcticle: Everyone dreams of being a millionaire but few believe it is an achievable goal. Yet by saving from a young age that dream could become a reality…
Best investment tips for £20,000?
So we have £20,000 to invest what are our best options? Premium Bonds? Cash ISA? Savings Account? Paying it off the mortgage? We are open to longer term investment to get a better rate of interest. Sorry it's a bit of a broad question but some tips and input would be gratefully received thanks.
Graphs, showing past performance
Does anyone know any way of viewing the performance of sundry financial products in the form of line graphs, value gainst time, for example. I have in mind investment isas. I imagine that this sort of data is regarded as being far too valuble to give away, but I thought I'd ask, anyway!
Switching from Cavendish direct
Afternoon I am planning to switch from Cavendish direct to another S&S ISA platform. Can someone who has done this please advise which reference number to give to the new provider please? When logging in to the FNW platform I can see I have a customer number (long numerical) an ISA ref number (letters and numbers) and a…
Minimising ISA S&S risk
After loads of research (including this site - my sincere thanks to all who have helped) I have now got to a position where I've calculated my emergency cash pot for the next year. As my mortgage is lower (1.94% fixed) than a fixed 1 year savings rate, I've placed enough for the next few years in a 1 year fixed rate…
dozens - any good?
I am interested in the 5% interest from dozens. Do we think they are good?
Need to cash a check of 27k A.S.A.P Help needed please?
Hello, I was wondering if anyone could help. I have a check to cash of 27k that I originally wanted to put in to a easy access ISA account. However, after reading many articles , I am starting to wonder if it would be more beneficial for me to put the money in my Santander current account. Then open two different accounts…
Kids savings
Hi there, I'm new to this forum. I wanted to ask a question about putting some money away for my 4 year old daughter. I would like to put away £500 for her, to hopefully grow for the future. I don't need access to it, happy to put it away and forget about it, what's the best thing to look at for this? I already have set up…
Ref: LISA and/or SIPP and/or self-select ISA?
Hi everyone, I am: - a sole trader - earning just under what would bump me up to the 40% tax bracket - income has been steadily rising but I really do not know if/when I will be pushed up there or not - able to save £750/£1000 per month - potentially going to have children in the next few years hence assuming this will…
Can I claim for unacceptable delay in communication resulting in financial loss
Hi, does anyone know if it's possible to "claim" against an investment company due to an unacceptable delay (in my opinion) in communication on their part leading to financial loss due to unit prices falling ? Acting on behalf of my elderly mother, I want to cash in her investment bond (after tracking the unit price for…
Use LICA for first time house buy, or for retirement?
Hi everyone. I am hoping to get some good informed opinions about what to do with my LICA saving. I am currently in the process of purchasing my first property with my partner and have been saving in Help to buy and lifetime ISA's for a few years now. The problem is that I have only now come to the conclusion that I may be…
Moving 700kUSD to GBP; advice please
Hello, Background A friend of mine has bought a house in the UK, and is paying for it from an inheristence residing in a small regional US bank right now (actually in munis and equities). She needs the money by 17 March. I got involved as I'm very worried the bank is talking about curency hedging, remaining invested and…
Tesco rate reduction later than planned?
https://www.moneysavingexpert.com/news/2019/02/tesco-bank-to-cut-interest-on-its-current-account-from-3--to-1-/?utm_content=1551282234&utm_medium=social&utm_source=facebook,twitter For some reason, I had in mind that this rate was ending in April for existing customers? Says June here. Still not great news though obviously.
Investing during retirement
I wonder if this would be a useful thread to be available to discuss investments when finally retirement has arrived. Most posters are discussing how to profitably arrive at a good retirement. I'm thinking more of the people who already have a suitable cash fund in TSB, Tesco, etc, an accumulation of ISA's, own their house…
Savings and investments advice please
I'm in position where my husband and I have the following assets thanks to family circumstance and fortunate opportunities - we own a house (no mortgage) and have annual salaries of combined 65K rental income of c£10k a year. We have no substantial living costs other then food and travel (accommodation is covered by our…
The art in Lewis Money Show
I am trying to get a copy of episode 5 of the current series, it’s not available on the ITV player. Can anyone point me in the right direction?
Financial Service Compensation Scheme
I know some banks share the Financial Services Protection Compensation of £85,000 with other banks eg Halifax and Bank of Scotland but it is difficult to know which ones are related. Can anyone supply a list of the connected banks? Just the more popular ones would be a help. Thanks.
ISAs - Accumulation or Income
Having been unsure about whether it was best to invest in Accumulation or Income ISAs, in July 2014 I decided to invest in LF Woodford Equity funds. I invested £6,200 in the Accumulation Fund and £6,200 in the Income Fund. Today I checked the value of each fund. It was : Accumulation £ 7069 (same number of shares as…
ADVICE WANTED savings tax
just wondered if i could get some advice please. Im married and we both work. My father is now living in a care home following a stroke. Both myself and sister have POA. We sold my fathers flat a few weeks ago. My father was adamant he didnt want the money(£157,000) to go into his bank account as he was "worried someone…

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MSE News

Ofgem proposes new 'no standing charge' Price Cap – but Martin Lewis warns vulnerable customers need to be opted in or it won't work
Ofgem has today launched detailed proposals for a major shake up to its Energy Price Cap that dictates the price over 80% of homes in England, Scotland and Wales pay for their energy bills.
Lloyds, Halifax and Bank of Scotland to cut overdraft rates for millions but hike them for others – here's what's happening and full help
If you're a Lloyds, Halifax or Bank of Scotland current account holder, the interest rate you're charged for using your overdraft could change soon as part of a fees shake-up. The Lloyds Banking Group, which owns all three brands, says millions of its customers will pay less after the changes – but a "few" will pay more.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more low-income households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Martin Lewis: At last a chance to fix Council Tax flaws impacting millions – debt collection, difficulty challenging your band, discounts and more
Major flaws in the Council Tax system in England could finally be fixed in future, as the Government has launched a wide-ranging consultation to review hideous debt collection practices, the difficulty of challenging your band, the overly complex and horribly-named Severe Mental Impairment discount and more. MoneySavingExpert.com founder Martin Lewis, who has long campaigned on these issues, shares his response and analysis.
Energy complaints to be dealt with more quickly and Energy Ombudsman to get new powers under Government plans
If you have a complaint about your energy firm, it may be resolved more quickly in future, as the Government has announced a raft of proposals to strengthen consumer protections in the energy market. The planned changes include giving the Energy Ombudsman new powers to force firms to comply with its decisions – but it's still very early days. Here's what we know so far.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Base rate held at 4.25% – here's what it means and when it might be cut next
The Bank of England has held the base rate at 4.25%. Below we explain why, when it might be cut, plus what it means for your mortgage and savings.
Applied for South West Trains 'boundary fares' compensation? Act now to claim it
If you applied for compensation from South West Trains before the deadline in January 2025, you now need to provide your bank details to the claim administrator so it can be paid to you. Here's what you need to know.
Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payment this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.

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