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Decisions Descisions Decions HELP !
Thank you for looking …. I was fortunate to retire last summer at the age of 52 years. My retirement included a lump sum and a monthly pension. You would think everything would be plain sailing. Don't get me wrong I am enjoying retirement. However the biggest dilemma is the financial aspect. Please I would welcome any…
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Lloyds Bank - lax security?
I'm in the process of changing my email address, and it's a long frustrating business. Unlike simply notifying friends, most organisations seem to do this by initially de-activating the account, then sending an email with an authorisation code, and you have to go to the website, activate the code, and with luck everything…
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Investment advice
Hello everyone I'm new to this site also I'm not particularly money savvy so please be gentle with me. Around three years ago my wife and I invested approx 80K in a medium risk portfolio spread out over several items. First year it made about 6K profit, year 2 and it made around 4K profit, however this last year it has…
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Fixed Rate Bond
I have been trying to take out a fixed rate bond through Raisin and Gatehouse Bank PLC. Been a traumatic 2 weeks as my money has only appeared in the account yesterday and now they are saying the original rate of 2.17 has been withdrawn and I have to apply again. On their dashboard there are various options of bonds and…
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Tax confusion
Hi Some confusion has crept into my mind about savings and tax. I am currently in receipt of ESA (contribution based) and inherited savings of £150k from my late mother. I have split this into two and put it in Paragon Bank and Charter Savings both 2 year fixed rate savings accounts. I get the interest monthly from the 2…
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Dividend Tax Confusion
Despite reading numerous threads, articles, etc. I am still confused by my tax calculation for 2017&18. I took voluntary redundancy during that year and so my earned income was £85,342. I had savings interest of £838 and dividend income of £2665. I made gift aid payments of £2005. What should my tax liability be?
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Ford Money Flexible Saver
Hi There I was wondering if anyone here has any thoughts or experience of Ford Money & its Flexible Saver. I've always saved with the Usual Suspects over the years and currently with Halifax. But my Instant Access account with them now only pays 0.20 & even going with an Isa this would only pay 0.60 & this will change back…
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Stamp Duty on Shares
Hi guys, A while back I bought Smurfit Kappa shares through my Hargreaves account. I was looking at the contract note and it shows I paid stamp duty of 1% instead. The stamp duty rate should be 0.5%. I queried this with Hargreaves and they said to me as its also listed on the Irish stock exchange which is why I got charged…
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over 55 pension drawdown
I had a pension pot of £40,000 with aviva, when i reached 55 I asked for my 25% (£10,000) tax free allowance. In the end I had to put the whole amount into drawndown before taking the 25%. this now means I have now got £30,000 sat in a drawdown account doing nothing, I also have no pension and if I used the £30,000 for…
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Investment Advice £30k + £300pm
Hi All, I’m looking for some advice on how best to invest £30k + £300pm. I’m 32 with no dependants and my current financial situation is as follows: House worth approx £400k, £110k mortgage with 25 years remaining. Cash (Marcus Online Saver) - £30,000 Pension (Standard Life BlackRock ACS World ex UK Equity Tracker - 85%,…
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Advisor fees transfer of isa to spouse on death
Hi Mum passed away recently : her and dad (who survives) each have a s&s isa of value circa 100k each These were arranged by a local financial advisor who charged them 1.5% on set up plus 0.5% a year The isas are with parmaneon invested in a simple range of low risk funds and have performed to expectation Mum died leaving…
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1st grandchild where to save
Ok as above become a grand daddy and looking to put some money away for the little one, weekly monthly or whatever. Having never done this before what should i be looking for ie type of account, interest etc. any and all greatly appreciated thanks for looking
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Savings
I have £6000 to start a savings account with, and plan to deposit another £400 monthly. What would be the best account/options to maximise benefits. I can only 'lock in' for max 3 years and if possible be able to gain access to it if needed. Any suggestions would be great.....thanks.
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SBL Market Guide Program
Hi Recently been contacted by these guys offering me this computer program which analyses UK stock market activity on a daily basis and is set up so any loses are set at a maximum 5% - the program is based on short term cumulative gain which then is invested in the next company. I buy a program for £ 4750 which is half…
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Peer to peer lending/ giving a friend £150k
Hi all, not really sure if this is the correct section but I've got a pot of money siting around which I haven't invested as yet. I'm 28, higher rate tax payer, home owner with £300k mortgage. Just trying how work out how best to use this money as I've no previous investment experience. A friend is working on a property…
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Short-term savings account for £170k
Hi, I would be grateful for some advice on short-term savings options. We recently sold our house and will be in rented accommodation until we find a new property to buy. I wonder if there are any decent interest-paying short-term savings options for the proceeds, about £170k? It would have to be an easy access account…
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Where to find out annual dividends in Fidelity?
I invested some ISA money via an IFA a few years ago and receive 6-monthy valuations from him, but I've always struggled to find out exactly how much I receive in dividends per year. I have registered at Fidelity so now have online access but I'm finding it all a bit confusing. Can anyone point me in the right direction?
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Selling old home versus investment
Hi I am looking to buy another house soon as family home and learned that I am going to be clobbered with more tax as I already own 1 house. This house is worth around 100-10k and I currently get 6k rental from it. With me buying another house thinking is it worth selling this house to save the tax and invest that money.…
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Help a friend invest and save her money!
Hello I have a very good friend who is in need of some ideas/pointers/advice after a messy break up. Here's the story so far: 1) She was living with her partner in their own home, but, for one reason or another, moved out of that home and has moved in with her elderly mother, who she is carer for. She can stay here (and is…
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Marcus Log-in
I logged into my Macus savings account first thing this morning. I'm an habitual cookies/history clearer on my tablet and it was switched off overnight. Strangely this morning I was able to access my Marcus savings account after entering my email and password WITHOUT being sent the extra security level PIN by text/email?…
