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Average amount of savings???
Hi all, so I’m looking to get an idea of how much in savings other folk out there have? I have a work pension which I am lucky enough to say will pay off my mortgage when I retire. I have about £30k equity in my house and have £30k saved. I’m 43, have no credit card bills, store cards etc and my car is paid off. So what…
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Standing order for each day?
Hi there, I am wondering if it’s possible to set up a standing order to come out of my account every day? It may sound strange but I’m wanting to transfer a few pounds automatically each day into my savings. I bank with Santander and can only see an option to do it per week. Without setup one per week on a different day,…
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Moneybox cash LISA
I have just opened a moneybox cash lisa and I've popped £50 in there. I am hoping to pop £4k this tax year but now I am looking at it and I am not sure I understand what I've gotten myself into. I can't find my account details (sort code, account number) anywhere on the app? Am I misunderstanding something? I took it as…
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Reinvesting and charges questions
Just starting again with my investing after a long long break, and Ive forgotten the little I knew . Be grateful if someone could clear up some points Im unsure of please. Ive been on the Compare Fund Platforms.com and filled in the boxes , like amounts , whether Inc or Acc etc but then faced with a box ‘ average annual…
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LV Insurance
In January 2000 I took out a critical illness policy with LV. It was a life term policy, a policy that LV no longer offer customers. I had the option of each year increasing the monthly payments to enhance the payout. In 2013 I stopped the yearly increase. The payments were £61 per month for £53,000 of cover. In Dec 2019 I…
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International Shares
Hey you great people, I have recently been buying international shares, i bought one through IWeb Share Dealing which is run through the Halifax. The trade fee is £7.50 with no monthly fees, but what i did not check is that when i sell my shares i will incur a 1.5% currency fee which is very expensive. They are a complete…
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New Investor, ISA & JISA. Funds.
Good morning and thanks in advance for any advice. Totally new to investing and seeking advice and knowledge in order to choose the right potential for long term growth suitable for both my own ISA and two Junior ISA`s for the two little ones. I have chosen Hargreaves as my platform. I intend to learn by being slightly…
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How to work out expected dividend payout
Say I have 1,480.256 units in a fund, how do I work out the expected dividend payment if the yield is 1.10%. The value is £3,845.56 and the cost £3,516.40
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BoE Hold Base Rate Against Expectations
Retail savings rates have recently reduced yet again. As the market has likely priced-in a BoE base rate reduction that has failed to materialise, do others think that the recent rate cuts will reverse within weeks/months? Or will the banks do the usual... i.e. clean-up at savers' expense?
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SIPP contributions.
As a retired person not working, I have a SIPP with HL just paying in the usual £2800 tax man puts his bit in then I draw it out job done. I have left £1000 in the account during the first year as advised on this forum, come April I would like to put my next £2800 in but noticed the account indicates I can’t pay money in,…
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Inc versus Acc funds outside an ISA
I've read conflicting advice on whether it's best to hold Income or Accumulation funds outside an ISA. Some say that holding income funds makes completing self assessment much simpler whilst others are saying that the platform should provide an annual tax statement so it's not an issue to hold accumulation funds. What is…
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Moving from single company shares to a broader investment base
Hi All. My partner and I have taken advantage of company share incentive schemes. Now time has passed, they have matured, and we have been able to extract the shares from the schemes and move into S&S ISA’s. After a few years doing this there's now a big (for us) chunk of shares sitting in the ISA’s but the vast majority…
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Peer to peer property investment
Hi, what are peoples experience of returns in the above? How much research are you needing to do in each investment? Which are the better companies to use in terms of reliability, customer care, usability? With b2l less attractive/more hurdles/more money required, I thought this may be a good way to get a foot in/exposure…
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What should I do?
Hi i initially posted this in the wrong forum so will repost again here. Firstly a bit of background about my financial position. I am a Santander customer for the past 4 years or so. I have an ISA with them which has around 45k paying 1.5% and a 123 account currently at around 20k balance also paying 1.5% (for now). I…
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Legit?
I get emails like this all the time: Good afternoon, We have just 9 units remaining at Campbell House, Bradford. With the project being less than 5 minutes walking distance to the city centre and 0.6 mile to the University, this project has been extremely well received by investors and on course to sell out before…
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Advice please regarding tax on parcel of land
Hi, I am in the process of completing a tax return. I would like some advice please. I sold a 4 acre parcel of agricultural land last year and would like to know if I am subject to any tax on that? The field was bought by my family in 1978 and placed in my name at that time. If I am due to pay any capital gains tax, please…
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Monzo App Savings
Just noticed they are doing savings from the app for 1.35 %. 6 months. I just like the fact it's via them and requires no additional accounts, paperwork to think about?? Obviously not a monzo product, but protected via fscs Any thoughts on this from the experts in here?
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Investing a large sum. Is an investment advisor really needed?
Dear All, I recently came into possession of £500,000 which I plan to invest. The best scenario would be a portfolio that can generate 4% (or more!) which can be withdrawn annually to help with living expenses. I realise of course that by withdrawing this amount, my capital would not appreciate that much over the years. My…
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Investment advice needed
Hi all, looking for some advice. Due to leaving a previous job I have around 40k sitting in my bank account. I am looking to retire in around 10 years, what would be the best thing to do with this lump sum to give me the best/safest return in this time frame?
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Portfolio allocation/help
Be glad for any help or input, Is my current portfolio diversified enough? age 38. Also how should I allocate future contributions my aim was to contribute monthly to each fund equal to its desired allocation percentage, then after a year start to re-balance via monthly contributions until the allocation is back in line,…
