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Tax on dividends - Contacting HMRC to make payment
The HMRC web site states that if you need to pay tax in dividends, for dividends up to £10,000 you can do this by contacting the help line. The link takes you to the Income tax general equiries page and a general phone number. The site also states that Self assessment tax return is only needed when the dividends are over…
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Where to put regular savings account money at the end of the 12 months
Hi I've recently opened up a First Direct Regular savings account (5% AER) paying in the maximum £300 pcm. What should I do with the balance at the end of the 12 months? Should I move it to an ISA or a regular savings account (with the best rate I can find) I already have an emergency fund of £1000 in an instant access…
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Won A Million - Clueless
Long time reader but first time signing up. As the title says I was incredibly fortunate a few weeks back to win a million in the lottery. Since then life is a blur. Married in mid 40's with 4 kids Still have a mortgage (circa £150k) and owe plenty on credit cards and loans (circa £30k). Havent touched any of the winnings…
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If you could go back in time...
If you could travel back in time and give a 20-something year old version of yourself advice on investing, what would you tell them? What advice would you give to a 20-something looking to invest now? I currently invest via L&G through a S&S ISA - only £150/month split into 3 trusts - UK 100 Index, US 100 Index and Global…
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Isa Transfer
Hi, I am pretty much sure I can do this, but just wanted to make sure. I opened an instant access Isa about 6 months ago, just in case I needed access to it. I know now that I do not need it for a while. Would I be able to transfer the full amount into a Fixed rate Isa, with a different provider. There are no penalty…
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Trading/Timing the Market
I understand professional advisers/investors and experienced investors on this forum always say that 'time in the market' is the best way forward. However, for the past couple of years my husband has started trading with his ISA account and trying his luck at timing the market. We both hold separate ISA accounts in the…
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cash isa with no cash
i opened a fixed rate cash isa this tax year but did not pay into it in time. Can I open a 2nd cash isa this tax year?
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ISA Lost £3K in 6 Months - Stick or Switch ?
Hi All, I have an ISA that is stocks and shares type diversified over some top UK funds such as framlington monthly income, framlington ~UK select, Artemis UK smaller companies, Schroder UK mid 250, Schroder UK opportunities, Fidelity Global, Fidelity special situation, Invesco Corporate, Invesco High income M&G Recovery…
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St James's Place
Hi everyone, Sorry, this has now been edited to remove names.
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Is a LISA right for me?
Hi Guys, I'm trying to decide if a LISA will be right for me. 30 years old Full time employment Basic rate tax payer I pay 10% into my pension matched by my employer. I benefit from salary sacrifice I am a home owner with a mortgage. I use a couple of regular saving accounts at 5% What are your thoughts? Would it be…
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Planning to buy shares in a business.... help?
So the company I work for has recently gone onto the stock market and I've been playing with the idea about buying shares, from knowledge of the business i know that they have brought a new factory in the UK and have opened more factories in US and China, so I'm confident in the sense that they won't be losing money any…
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When to sell to use Capital Gains Tax allowances?
When do most people do this? Start of tax year? End of tax year? (In case any other CG needs to be included, like property or something else) When there are sufficient CG? (Anytime in the year? There has been a recent downturn, markets have bounced back a bit, is now a good time? Or should you wait to see if goes up…
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ADR / GDR questions
Hello, I have a few questions regarding ADRs / GDRs: Are these for UK investors who wish to buy foreign (eg USA) listed shares? or Are they for foreign (eg USA) residents who wish to buy UK listed shares? Is there any difference in receiving the dividends? I'm a UK resident investor, looking to buy some overseas shares (eg…
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Moving investments from abroad
Hi, my Dad gifted me with about £90k in investments which are being held in Canada. I'd really like to move the money over here so I can get a mortgage as a first time buyer but I've heard that I'll have to pay tax on it. If it is a gift, can I avoid paying tax and what should I be doing now with it?
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Tax - Stocks and shares ISA
Hypothetically, if you were to make £50K profit trading shares within an ISA, what would happen if you withdrew that cash into your current account. Obviously, there is no tax within the ISA itself but does that £50K become an automatic gain under the CGT regime as soon as it enters the real world? i.e. would the £50K…
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How ring fenced are lenders funds in P2P lending?
Having been an early adopter of P2P lending and now holding ISAs with two of the major players I am wondering how ring fenced lenders funds actually are if the platform went bust? I would like to increase my exposure as an alternative to bonds and gilts but am conscious there is no FSCS protection for P2P lenders. I have…
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Sorting finances after death
Hi my mum passed away earlier this week after a brave battle with cancer My dad is still here but not in great health and mum did everything financially - he doesn't even know who they bank with I've been round and found boxes upon boxes of all sorts.... Pensions Premium bond coupons from the 60s Various investment plans…
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Aldemore and Identity farce
My O.H. has just had a 1yr fixed bond mature from Aldemore , 2 weeks ago they contacted him with options, they offered another 1yr at 1.7% which he declined as another institution, which he was already banking with, was offering 2%. Matured money was transferred to his account on !st February, then we saw Aldemore had now…
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Post Office Savings total shambles
Having had the email informing me of the maturity of my online bond,I noticed it says if you do not reinvest you need to update and make a new nominated account.even though you set one up when making the inital deposit. So I logged on to do this,in the email it states Login>nominated account >add nominated account>follow…
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Discretionary trust
I am setting up a trust one of my daughter's whose disabled is discretionary I'm setting it up through my bank and the solicitor who drew up the trust thought a independent financial advisor was a good idea for me to see but in thinking of seeing what invesments the bank can provide as I'm dubious about getting advice and…
