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Gift from a friend (£35,000)
Hi All, Asking this on behalf of my friend: My friend A has helped his friend B for few years in trying to sell his plot but friend A wasnt successful. Finally, friend B plot was successfully sold via estate Agent's help. Friend B wants to gift Friend A (£35,000) as he never asked him any money. Friend A plans to save this…
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I don't understand why the U.S stock market isn't going down.
I don't understand the psychology of what's happening now, as a bystander I'm in awe at what I'm seeing. Parabolic growth for 10 years straight pretty much, longest period of down turn was just 5 months back in 2011 for -20%. Why isn't anyone taking any profit? How can there still be more people buying than selling?…
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Saving for my Grandchildren
Hi We have 4 Grandchildren and would like to give them a lump sum of cash when they reach 18yrs old. Quite happy to setup a DD monthly into a savings A/c but which one? would we have to specify which child. Look forward to your replies
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Assetz capital Great British Business Account
I have a small amount invested in Assetz Capital`s Great British Business Account Series 2 target rate 6.25% wrapped up in an IFISA. This account is being closed to new investment. As loans are repaid I will reinvest in their 90 day access account which has an introductory target capped rate of 5.75%. I know I could better…
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Tax on notional dividends query
Can someone clarify whether there are any HMRC tax rules that apply to notional dividends? I understand that dividends paid out in a tax year that are over £2k are taxable, e.g. for an etf such as ISF.L, but what about accumulating etf's such as IJPH where the dividend is automatically reinvested? I've read somewhere that…
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Another blow for savers as M&S bank cuts its 5% rate - are regular savings still worth it? MSE News
Today marks another blow for savers as M&S Bank becomes the latest firm to slash rates on its market-leading regular savings account from 5% AER to 2.75% AER...Read the full story: Another blow for savers as M&S bank cuts its 5% rate - are regular savings still worth it? Click reply below to discuss. If you haven't…
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SIPP Investment not been made.
Hi All, Slightly odd question hopefully someone might have an insight. I hold a SiPP with a commercial property within it, this was set up over 1 year ago and since then regular payments + rental payments have been made into the SIPP. 1 year ago following an advice meeting with the IFA involved I was given the option of a…
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Best platform for regular stocks and shares isa investment
Hello, I have around £100k sitting in an ISA in cash with AJ Bell. I would like to re-invest it over a period of 1-2 years to spread out the risk. I am wondering whether I should switch to another platform to do this as I understand AJ Bell charges £1.50 per regular trade per fund. Does anyone know which platform would…
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Global equities and diversification
In the context of a broadly "passive" buy the index approach to global equities holdings for a pension entering drawdown. Reviewing portfolio. FTSE4Good Developed Tracker - I am trying to understand the downsides in practice - from mismatch to whole market or from other issues. A comparison point perhaps is a straight…
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FSCS for Investments Query
The Sunday Times last Sunday had an article concerning the limit on protection for investors in private pensions or SIPPs. The article seemed to be warning people against the dangers of holding large amounts on one platform in case the platform company fails. Compensation would be limited to the FSCS limit. However, what…
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What happens to the FTSE if the UK becomes Socialist?
I read that more youngsters prefer socialism to capitalism. Corbyn is a socialist. With myself and many on here investing in stocks/funds, do you think socialism could wipe out the stock market completely? It is a worry of mines as I'm relatively young so theres plenty of time for it to happen.
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Where to get the best savings advice?
I am selling a house and will have £160k to save for one year and am trying to work out where would be best to keep it before buying another house. The money can be saved by my wife and me in accounts. I am a basic-rate tax-payer and she is a higher-rate tax-payer. I assume the best thing is to look at all accounts with…
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Post Office SAVINGS
Anyone know how long it takes for PO savers money in transfer? Did a transfer in on Tuesday i.e. asked PO to take direct (already have DD set up) and still not done it? Thanks. Would it be quicker by debit card??
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Savings per month
Hi all, Wondering what percentage it is wise to put into ‘savings’ each month?
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Help to Buy ISA
My son is currently 17yrs, but doesn't have £1200 to pay into the Help to Buy ISA. Can I deposit that figure for him and then withdraw it immediately, leaving him to pay in a lesser regular amount (is there a minimum monthly amount?). Or does the first deposit of £1200 have to remain invested?
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Has any one heard this company ?
I have seen this, on searching for high return on savings. https://apolloinvestmentgroup.co.uk/?gclid=CjwKCAiA8K7uBRBBEiwACOm4dwDAuWqlTeaWNW4myq05Kvd8jn6C7pyTup997ZmbH_RGLJ20_bUArBoCCAgQAvD_BwE My search on Govt company registrants. There no such company registered but has another almost similar with Limited at the end of…
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Investing for child
Our daughter is 3. Currently she has approx. £7k sitting in a Santander 123 Mini account, earning 3% on the first £2k and 0% on the rest :( Obviously this is not great and we want to get her money doing better for her. All the money was gifts from grandparents etc. None came from us (parents). We expect there will be more…
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where to keep my money for a year or so?
Dear everyone, I am shortly due to receive £40K as a result of a house sale. I intend to spend the money on home improvements over a period of a year or two. So I need access to the funds...but not immediately. I wonder what ideas people have for where I should deposit the £40K whilst I make arrangements for home…
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Funding Circle "Bad Debt" status??
I've just been analysing my portfolio with Funding Circle, and have noticed that 28% of my investments (measured in terms of principal remaining) has a status of "Bad Debt". Of those, 75% have a "Next payment date" specified, and the remaining 25% have a blank entry for Next payment date. What are the implications of these…
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dividend received after S & S ISA transferred
It is likely I will be transferring my Stocks and Shares ISA to a new provider. Here's the likely sequence of events: 1. November - shares owned go `ex-dividend` 2. November / December - shares are sold. 3. December - cash proceeds transferred to new provider. 4. February - dividends get paid. My questions is this: What…
