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Savings & investments

Archives for May 2019

LTIP - gifting to reduce tax
Hi All, Hoping someone can help me. I am about to be granted 3,500 shares with a current value of £7.50 per share from my employer as part of my long term incentive plan. As I understand it I will have to pay income tax on this at the additional rate. However, if I transfer these to my spouse who is not in paid employment…
Savings advice for £20k
Hello there, I have received an inheritance of £20k and would like some advice on what best to do with it. I currently have a property worth £160k with an £86k mortgage remaining. I am also in the process of looking for a new property with my fianc! - my new job starts in September and so our plan at present is to…
New Project: How Many Shares is Worthwhile?
A friend of mine was pointing out that a company with a huge forthcoming project, has shares priced at a few pence. In a few years once the project is off the ground it could be something. My question is how many shares should I buy to make it worthwhile buying them? I understand this is gambling but I'm willing to gamble…
Are II really the only SIPP prodivers allowing holding of foreign currency?
There is some choice when it comes to brokers offering multi currency in normal trading accounts and ISA rules prohibit holding of foreign cash so that is clear, but why do so few offer this option with a SIPP? From my research it seems only II offer it, with all others each sale or purchase has be converted to and from…
2k inheritence for a 6 year old
Evening all, My daughter has been gifted 2k from her great great uncle and I'm wondering what to do with it for the best? Any advice? There seem to be so many different options!
What to do with hubby 15k redundancy?
Hello all. We just hubbys 15k redundancy through. We are looking to do something with it and basically have no idea what's best. This is our situation - We have 68k remaining on our mortgage. We bought the house for 244k. I'm 37 and hubby 40. 2 kids under 6. Hubby has another job and gets 41k a year . I'm currently a stay…
advice please on share with corporate action
Hi I have some shares in an ISA with Hargreaves Lansdown and they have just announced corporate action which seems to work well in my favour but I'd like someone elses opinion to be sure I am not missing anything. The share is called AB Dynamics (ABDP is the code). The offer is as follows:- The offer says:- Option 1 – Do…
Bank of Cyprus
I opened an account with Bank of Cyprus in August 2019. I have only checked in online once and all was good. However, I’ve just tried to go to the website and it says it’s not available at the moment. Feeling slightly panicked.... should I be?
Financial advice needed for future planning with mental health condition
Hello. First off, apologies if this isn't the correct place to post this query. I've been a lurker on this forum trying to learn from your expertise, and I've finally plucked up the courage to create a throwaway account in the hope I might be able to get some advice on my own situation. I'm in my early 30s, UK based. I…
Dividend Payments after broker transfer
Hi, I've just recently moved my funds from Interactive Investor to Halifax Share Dealing but I am a little confused about dividend payments. A number of the funds have ex dividend dates of late March / early April but distribution dates of end of May / early June. When I spoke to Interactive Investor they said that it…
Pay off mortgage or invest/save
Hi, not sure this is the best place for this but I'll give it a go. My Husband and I have found ourselves potentially in a position we didn't expect to find ourselves in following his heart attack last month. We have applied to claim on the critical illness cover, and without wanting to count our chickens we want to get an…
HSBC Regular Saver Maturing
Hi All, I have a regular saver with HSBC which is due to mature in just over one week. I want to setup a new regular saver, however in order to do this should I wait until the maturity date or can it be done immediately? Also with £3000 sitting in my account that I wont need access to until the end of January (Possibly…
BlackRock launches rival to Vanguard LifeStrategy funds
I couldn't see another thread on this; apologies if I've missed it. "Through its passive investment arm iShares, the fund group will create a range of four multi-asset funds called MyMap. It will invest in a number of iShares index trackers across global stocks, bonds, gold and property. The funds will be managed by…
86k - what account/s best??
Hi all, Long story short I have just sold my flat & have 86k now sitting in my bank account. We are renting for a year due to needing some life issues to settle before we look to buy our 'forever home'. The financial advisor I normally see has been very unwell & has been in & out of hospital recently so I don't want to…
15k in savings - what to do with it?
Hello everyone, I'm looking for a bit of advice on what to do with a chunk of money that's been sitting in my bank account. Bit of background information first: About my circumstances:* Early 30s * An annual income of around 60k. * College lecturer so on the teacher's pension scheme + lots of freelance work * New dad (4…
Funds or stocks & shares ISA
Evening all, I’m on my preliminary search for my first real investment after years of simply saving. What is the main difference if I invested in a fund compared to a stocks & shares ISA, apart from the >£1000 taxable profit on the fund? Thanks in advance Tim
Are worldwide funds currency-hedged?
I've got enough invested in the UK via a few funds and my pension. I want to diversify more into global equities. I'm nervous about the exchange rate. I feel that the pound will bounce back when eventually you-know-what is resolved (I don't want a discussion on this though!). Are overseas funds typically exchange rate…
Offshore Investment Platforms
I am currently a UK resident but am considering emigrating possibly next year. I am looking for a reputable offshore investment platform that will not charge exorbitant fees and allow me to invest in funds/ETFs/shares pretty much like I have been doing with Fidelity with my ISA. Does anyone have any…
Tax on accumulation units in overseas unit trusts
For accumulation units in most of the unit trusts I hold my investment platform (Irteractive Investor) puts a line into my end of year Consolidated Tax Certificate saying how much the notional dividend was, and I report this to HMRC as dividend income and make a note of the amount so that I can add it to acquisition costs…
Help with trust rules
Hi all thanks in advance for your help. a family member died recently and left their pension to bypass trust. (discretionary) they also left their estate to a family trust. (discretionary) my question is whether these trusts are connected from the tax allowances point of view. thanks again

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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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