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mums pen lump to invest
My mum lives in a house rent free that my gran left me and my siblings in a family trust about 15 yrs back. My mum as just got a pension lump some of 200k and approx. savings of 80k , she is thinking of buying a bungalow as she as never been a home owner . she wants to rent it out while she still lives in the trust…
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Pru Fund investment ISA or savings account
Hi I invested in a Prudential Prufund ISA in June transferring from last years cash isa . I have the max amount in it. My IFA suggests I also use this years allowance to put in another 20k. I would then be left with 10k in an easy access at 1.5%. All this is new to me as it was inherited money and I want to be sensible,…
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Marcus coming to the end of my bonus
Marcus are offering to renew my savings bonus with a reduction of 0.05% making the total 1.45% AER I didn’t think that was bad ? Anybody got options? Thanks
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consolidating SIPPs and pension funds after divorce
Hi, My parents have amicably divorced and my mum has asked me to help her with managing her half of my dad's pensions. There are four pots of money: 1. SIPP with 7IM 2. Final salary pension 3. Aviva pension fund 4. SDD life pension fund I'm setting up a meeting for us to discuss her situation with a financial advisor. Is…
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HMRC Invitation to be involved in research
Anyone else had a letter re this research or done anything similar for HMRC? Apparently they want "to understand people's views on and experience of saving generally and of how tax is applied to their own savings" and I've been selected at random "from HMRC records of people who receive interest on their savings". It's…
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Royal Life Fund Management Ltd - International Growth Trust Accumulation Units
I don't know if anyone can help. I have come across a certificate for the above fund. Internet searches have shown that Royal Life Fund Management Ltd are now dissolved. The same searches suggested contacting Resolution Life, which I did who then told me to contact Phoenix who searched but could not find anything on their…
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ISA advice - more to do with the admin and costs
Dear all, I am planning to invest in ISAs for myself and children future. My plan will be to invest a regular amount around £400 into two different funds (2 x 200). So basically 12 / 24 transactions per year. Monies will be for the long term, and ethical. I am unclear on the charges and frankly, what will be the best…
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Cashing In Shares
My mum had a large amount of Unilever shares which were left to her by my dad 10 years ago. She is 75 now and would like to cash them in but we have no idea really on how to do this. I have set up an online account with computershare to manage the shares etc and I believe that you can set up this site to do the trading of…
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Virgin Money - ID requirements
I opened a regular savings account with them more than a year ago. That was maturing so I went back to the same branch to make an appointment to open another (they won't let you open these online because they want to sell you more products as well) and volunteered that I would bring in my driving licence (which has photo,…
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How to best pass on my cash to my adult children
I am 80 years old and have approx 300K in savings and investments. On birthdays and at Christmas I give monetary gifts to my 2 children at the level of the annual HMRC allowances and some regular monthly small sums out of current account. I am widowed and my house is in trust with my children as trustees. My problem is how…
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Castle Trust - Revisited
I found some previous MSE threads on Castle Trust that didn't exactly endorse them. Does anyone have any updated views (good or bad)? As interest rates plummet, Castle Trust are offering their 1-year Fortress Fixed Rate Bond at 2.10%. I see they now claim to have the full FSCS cover of £85K payable to eligible investors…
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Investment for will beneficiaries who are minors
I am an executor for a will that includes bequests for 3 grandchildren (whose mother predeceased the writer of the will), the will states that the grandchildren should not get the money until they are 25, the children are currently 10, 12 and 16. I suspect that the wording of the will means that a trust will be required. I…
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Can I open savings account despite CIFAS market?
My 17 yr old son got into a dispute about something he sold and, despite having refunded the money to settle it has now acquired a CIFAS marker as the buyer complained to his bank. His bank account has been closed and he has been refused a new one. We are going through the CIFAS complaints process to challenge it but in…
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New user - help with financial health
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Spare cash in SIPP approaching retirement
I have a buffer of 100k that was in premium bonds but I then decided to put it in wife's and own Marcus accounts. After reading on here I'm contemplating sticking it in SIPP using the last few years pension allowances This is not money I want to significantly risk. I'm 56 and plan to retire at 60. What are peoples views on…
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How do I quote
Hi, simple question but how do I quote from someone’s post in a reply? I’m using my iPhone and can’t seem to do it! Any advice is appreciated. Thanks
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transferring from one LISA to another
Hi all, I have a skipton LISA but I have opened a Moneybox one as the AER is higher. In order to open this account I had to pay in a deposit (£2). I last paid £1 into the skipton one last month, this means I have paid into 2 LISA's this tax year which breaks the rules. I am in the process of transferring the total amount…
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Access bank uk
Anyone dealt with: Sensible Savings 1 Year Fixed Rate Bond The Access Bank UK?
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Overseas child savings
In the past I have bought NS&I Baby Bonds for my grandchildren when born in New Zealand which have now been closed for new investment. Neither new child or parents have UK bank accounts. Is there any lump sum investment account I can use to invest until they are 16-18
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Investment advice
Hi All, I am after some advice please. My wife and I have in the region of 80K currently in cash ISA earning less than 1% and therefore looking to invest elsewhere to provide a better return. Never really dabbled in S&S and a bit daunted; am in the process of taking advantage of the HL offer of "free" advice this month but…
