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Where do people keep a lot of money?
If you have a lot of money, I'm not necessarily talking millions but more 300 - 600k where do you put it? I don't have that much but have enough where I have a lot of accounts taking advantage of nearly all the savings accounts with the slighter better rates 2% + but as nearly all of these only run for a year and only…
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S&S ISA Query/Advice
Hello, Very long time reader, first time poster. I currently have a Wealthify Stocks & Shares ISA with about £2.1k in it that i've been paying little bits into for the last few years and have had good returns on it (about 19% - £185). I went freelance this year and I'm earning more money than before so I'm thinking of…
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Drawdown Strategy
I think I might have a tricky problem; here's the details: 1. 150K cash to invest. 2. Defined benefit pension active but insufficient to meet my needs until SPA in 9 years time. 3, I have accumulated around 2/3's of UK state pension rights and full rights to New Zealand state superanuation (NZ super kicks starts in 9…
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Stock big buys at or after market closure...??
Why and how does this happen? As an example, a stock that is on the up and has even exceeded targets suggested by brokers/analysts continues to rise. At close of play on a particular day you see listed a huge multi million pound buy. My first thought is how and why is this done? If the perception is that the stock has…
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cgt on offshore assets
I need to complete a worldwide disclosure for hmrc. In 2017 i had an investment bond matured from an investment in Ireland which realised a gains of approx 6k euro. If this was the only capital gains received in that tax year would there be tax payable?
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Managing CGT on fund gains
Morning, What's the usual way people minimise CGT on fund gains. I'm not working, and am living off savings. Just over a year ago I put 80k in a HL fund and share account that is now worth 95k. I have already used my ISA allowance for 19/20 and paid as much as I can into my SIPP. I plan to transfer the maximum from cash…
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Bank of London and Middle East
Hi all i was looking for a 1 or 2 year fixed rate investment - protected by FSCS - on the MSE site best rates i can see are 1.65% ATOm 1 year or 1.8% UBL UK 2 years - Ive seen a bank called Bank of London and middle east 1.8% 1 year and 1.95% 2 years - anyone heard of them? are they safe?
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Withdrawing funds from Virgin Money S&S ISA
Hello I requested to withdraw most of my money from Virgin money S&S Isa on the 15th Jan and they said they would send a cheque out in a few days. I have received a letter today asking the reason for the withdrawal. I feel this is irreverent do I have to tell them, can they withhold my money? I feel like this is just delay…
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Artificial Intelligence, Financial Adviser
"Artificial Intelligence Will Replace Your Financial Adviser - And That's A Good Thing" https://www.forbes.com/sites/jayadkisson/2019/01/23/artificial-intelligence-will-replace-your-financial-adviser-and-thats-a-good-thing/#789412cee6b4 ...
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Opening a s&s ISA with Vanguard?
I am about to open my first s&s ISA by transferring a cash ISA from Virgin Money to Vanguard. Looking on the web site I should be able to do this direct with Vanguard, is that correct or do I have to go through a 3rd party? Confused
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Question regarding currency fluctuation
With more Brexit uncertainty or such ahead, I'm having a little concern regarding the GBP / USD currency change. Right now it's potentially inflated ever since the referendum, meaning anyone who had investments involving USD from GBP (that weren't hedged) would've seen an increase in value. Now, my slight concern is the…
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Advice for daughter 25 year old
My daughter is very thrifty she has saved 18K, spread between a Natwest saver account, help to buy ISA and current account. I think she should look into an investment ISA and put £50.00 a month into the markets. What is the best vehicle to do this, an AJ BELL account and open an ISA or similar? J
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is this a good plan
my plan is in two parts 1. i plan to pay off my mortgage (property worth 220k, 120k mortgage left) 2. i want to put the same amount into vanguard lifestrategy at the end of the day (when I retire) I will have my house paid for and a decent income from the vanguard funds does this sound sensible?
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old investment recovery
I have found my late fathers unit trust registered certificate issued in 1988 by Prolific Special Situations Unit Trust under the Royal Bank of Scotland. It states that the document is valuable and represents the allocated shares. I sent a copy of the document to the RBS which is also Nat West and they have told me that…
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Tech Pre ipo
A neighbour of mine asked me if I'd like to put money into an investment opportunity that is a 'friends and family only offering'. She explained it as a new tech development that all the big companies like Google and Facebook want..... She expected to make millions. My question is, how do you tell someone without…
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Savings account customisation query
Does anyone know of a savings account with a yearly interest rate above 1% that will let me change the name to what ever I want (e.g. "Holiday Fund 2020"). It can be a notice account, but ideally I am looking for something that pays interest monthly. Any suggestions are welcome, thank you! :D
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Help to Buy ISA Interest Pay Out
My son has a Halifax Help to Buy ISA that we have been contributing to over the last 4 years. The lucky boy has very fortunately come into a reasonably large inheritance which means that he will possibly/probably buy a house or flat that exceeds the £250K limit (£450K London) and therefore wouldn't be eligible for the 25%…
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Lendinvest - my first loss?
Cra** St*** Sal****** SP1 Repayment was due in July 2018, all units that comprised the property have now been sold and about 17% of the capital remains unpaid. The latest status re recovery is "We have received the proceeds from the sale of the final flat. We are now preparing to issue a statutory demand under the…
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Temporary savings
Hello All, A quick and probably silly question.. We have just completed on selling MiL property due to Dementia care home fees :-( .....and are awaiting the answer to a possible Immediate Care annuity package, and in the meantime are looking to house the funds (£250K) I was intending to drop £85K'ish into 3 different…
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Best option, SIPP or ISA?
Apologies, I had previously touched on the subject.
