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Savings & investments

Archives for May 2019

Reserve and emergency fund - what do you do?
Interested in how people handle this, as specific to own circumstances, general idea of frequency of income, bills and level of contingency and methods used would help Personally have 2 scenarios: 1) Mainly annual income, 50% of bills are regular monthly bills, 50% of bills are larger lump sum bills approx quarterly. 25%…
Trading Account Limited Company & LEI
Anyone interested, found cheapest LEI for me was https://www.lei-manager.com/ at £44 (pay in Euros and use Revolut or other spot rate card) Decided on H&L as - no annual fee for holding shares - has S&P 500, NASDAQ and World tracker via regular investment £1.50 purchase costs - use other personal trading account for…
Use up savings allowances vs risk
Have £5+£1k savings allowances P2P used to pay 7-10%, but defaults are more common and overall return has fallen Attempt to reduce risk with Assetz Capital QAA and Mintos buyback loans Maxed high interest bank accounts Any other ideas?
Best place to put savings in for house deposit?
Wanting to save for a house deposit in the next few years. Don't know which savings account would be best for this... I do have an untouched & empty help to buy ISA account with Lloyds but was thinking of closing it as I have not had enough savings to deposit and I've had it a few months so missed the opening bonus anyway.…
M&S Rights issue
I've got some M & S shares and have been notified of the rights issue and all the options available to me. I'm not interested in buying any( i'd rather sell at some point) , I understand that I can opt to sell the Nil Paid rights and get a bit of cash but , as it is fully underwritten, I also understand I may also get some…
Interactive investor cost increase
I’ve noticed Interactive Investor are increasing their charges from 1st June to 3 different packages with the cheapest now bring £9.99 per month (including one free trade into £7.99). So £120 per year instead of £100 per year. What are other investors thinking of this in terms of value? Would you rather use iWeb even…
Retirement Investing: Growth vs Income?
Dear All, I have a mathematical question with regards to compounding; i.e. for long term retirement investing, is it better to target high growth assets, or high income? My understanding is that compounding only occurs because income/interest is reinvested with the original capital, so future income/interest is on both,…
Shariah Investments
I have recently seen a property investment vehicle that claims to be Shariah compliant. The vehicle is called Yielders. Has anyone heard of it and care to comment?
Vanguard &/or world equity tracker
I've got a couple of Vanguard Life Strategy funds- LS 40 & 60 & a handful of other funds that are doing well at the moment, but that I shall probably sell before too long. I've looked at the Lars Kroijer video & see he recommends a single world equity tracker would be suitable for the majority of people who don't want to…
Switching Vanguard funds
My wife and I have got a mix of VLS funds. We're in our late 40s and have built up these funds over the last 20 years (transferred old ISAs into Vanguard last year). We have no intention of touching the money for at least 5 years, possibly not even for 10 years because we have decent cash savings for anything that might…
Trading
I know this is savings and investments but just wondering if trading is discussed here ? If not can anyone point me to books for trading for beginners?
Selling Santander Shares?
This may have been asked before, but I can't find an even nearly definitive answer for it. I wish to sell my small Santander shareholding, largely arising from the acquisition of my Alliance and Leicester shares in late 2008, but with a few 'DRIP' shares since. I keep coming across this Spanish Tax form 210, which has a…
Trump Tweets
Once again one of Trumps late night tweets have rattled the currency and stock markets. Is it just me who thinks people inside the Trump circle must must be making a killing in insider dealing?
Expired - Onefamily JISA £80 topcashback for £10/month
If your child doesn't yet have a S&S Junior ISA then Onefamily are (again) offering £80 cashback if you setup a new account with contributions from as little as £10 per month. They only have one fund choice and the fees are high at 1.5% so its not suitable for larger sums but assuming the purchase tracks ok (using…
with profits ISA - not sure what to do
I have £60K currently in a cash ISA with a 1.1% interest rate. I have been looking at moving it into a with profits ISA with Wesleyan with a view to leaving it invested for six or seven years. I have a very low tolerance of risk (which is why the money is currently sitting in a cash ISA). Does moving it to the with profits…
What’s the best, next step?
I’ll try to keep it all short and simple as typing on a phone is tedious; 25y/o earn 45k per year excluding small bonuses. 23y/o partner earns 16-18k per year Currently overpay our mortgage by 1k PCM as we’re trying to save for a large house by building our equity/reducing the interest we pay on the total loaned amount…
Post office savings - how long to clear?
Deposits IN. Set a payment up last week that was scheduled to land 28th May. Turned out it did. It's left the account it came from. It's also showing in the post office saver account (31 to be precise). Problem is when i come to withdraw money, the available balance is still £1.00 (the balance that was before this deposit…
Savings between friends
As I understand it friends who share a savings (rather than bank) account are not financially linked. However many banks who offer savings accounts seem to warn that we might indeed be financially linked. So does anyone know any specific products that would mean we are not financially linked? I'm aware there are other…
£17k overdraft facility at 1.75%....
Hi, Have this *very* old bank account with a £17k overdraft facility with interest charged at 1% above base..... Any thoughts on risks of investing this (passively, any term) with minimal risk? Harry
Where to store emergency fund and savings?
Hi there! I'm new here and had a quick question, which I was hoping someone could help me with. I'm currently saving a £1000 emergency fund while I clear my other debts, but I wasn't sure where to store it. I would rather not have it in cash. I'll also be adding more to it so I can pay off debts that have to be paid in one…

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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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