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Savings & investments

Archives for February 2020

Lump sum to invest
Advice needed here. I came into a large amount of money (large for me!) last February and have been drip feeding some of it into the market since. I had invested around £750k into investment trusts (geographical and sector diversified) which is around 1/3 of the amount I wanted to get into the market, I also have an HL…
Woodford Equity Income Fund- require explaining please
Hello I have been looking at the HL ready made isa portfolio, when I select my risk I see the following in the portfolio summary. Having googled it I wondered if someone could explain it in simple terms please ie if its suspended should I be investing in the portfolio. * This portfolio includes an underlying holding in LF…
Turned down for new Term accounts by RAISIN
My son (who is at University) has twice had his application for savings products ( a large amount of money from trust accounts) turned down by RAISIN – they do not give any reasons, does any body know why people are declined from taking out new savings term accounts.
Should I get a LISA?
To keep it short and sweet, I’m looking to expand my saving diversification, I currently pay 5% into my work place pension which keeps me just below the HTR bracket, I then also put 300pcm into a VLS80. ive been looking at LISA aswell but I’m not sure I fully understand then so I’m asking for advice. I understand I can…
Getting started.
Hello. Firstly, thank you all for creating such a great online resource. I've lurked and read a fair bit for a while now and am now ready to start an investment strategy. I was hoping to get some feedback before starting. Here's my basic information: -Looking to invest a lump sum of about 400k GBP for 15 years minimum.…
Can i move a child trust fund into child savings rather than junior ISA?
The reason I ask if because if she has access to it (a junior isa) all herself it will just be blown!! I didn't think this would happen if we transferred the money into a savings account but I could be wrong. Also could we take the CTF and feed it into a monthly saver for a better rate? Thanks for any advice you can offer…
How to find the correct Discount/Premium on IT's
I am trying to find the correct premium or discount on individual IT's - how do I do this? All platforms seem to differ as an example Bankers is at a discount of -2.65% on Interactive Investor and on HL it is at a 1.65% premium. Looked at a few other platforms and they all seem to differ?
Advice on ISA's and Investments
I have money invested in mid risk ISA's that I cannot check without contacting my financial advisor. I also have money invested with Vanguard which I can monitor. This week, as we all know, has hit the financial markets hard. I can see from my Vanguard it has lost around 8.5% in a week. I presume my other investment…
US Stocks Owned by my late Father
I have a share certificate for some US stocks in my late fathers name. He passed away early 2018 and I have probate on his estate. I wondered how I would go about selling these shares? There are only 56 shares in total. Any help greatly appreciated. Many thanks
HL Paying Charges and Minimum Cash Balance
I apologise in advance for this question because I must be absolutely thick and however much I read their help documents I don't understand it. I have invested the max in my S&S ISA, as I don't want to sell anything to pay my fees, should I edit the account settings to Fee Collection Options: Collect Fees outside Account…
A good 'off the peg' defensive strategy for a small sum?
I'm a newbie, haven't invested before. I'm looking for a passive investment, one that I don't have to manage too much. Something that won't necessarily give great returns, but will protect against a bear market, inflation and volatility. I've looked very briefly at Vanguard Ls and L&G multi-index, but I'm not keen on…
Raisin notice accounts are bait and switch
It works like this. They lure you in with 1.6% on a 95 day ICICI account. Then they immediately drop the rate, albeit 95 days later, to 1.4%. If you signed up to get the bonus, which they won't pay for 6 months, the second half of those 6 months will be at 1.4%. The same thing happened to an associate of mine with another…
It's now or never! Investing 100k
Hello, The stock market is down due to coronavirus. This is a short time response to a short term problem. So, now is a good time to invest. Buy low, sell high later on when coronavirus goes away and the markets bounce back. Problem, I have no idea where to start. What companies should I invest in? I am new to investing.…
Think carefully before putting money in cynergy bank
Everyone should think carefully before putting money in cynergy bank: http://johnhelmer.net/might-makes-right-the-case-of-victor-vekselberg-versus-cynergy-bank/
Should I get into investing now? (Complete newbie)
I'm very risk averse, so I've never invested, and really don't know much about it. But I've been mulling over opening a LISA in the last couple of months and was told S&S is the way to go, not the cash version. So I'm reading about the market situation at the moment and thinking- I really should be getting into investing…
USD fixed term investment
HI, Where can I do a USD fixed-term investment?
H2Save--2 payments early
Congratulations! You have earned a first Help to Save bonus. We will be paying your tax-free bonus into your nominated bank account from 8 April 2020. I thought with website showing from 1st April that I wouldn't receive any confirmation before end off March -i.e. Jan Feb+March are before 1st April. Nice to receive this…
Which Broker?
I am new to stocks and share.Having recently left a company my other half and I have had to exercise our share and now have to find a broker for themWe are passive investors only really interested in parking these shares and trading them when the time is right. Can anyone help us with advice on a suitable broker for this…
Moving money in ISA
Hi I have an easy access ISA with Santander which matures in May with 60k in it currently at 1.50%. With the rates so low these days I am thinking of moving some of the money and then opening a Commsave credit union account and putting in say around 5k-10k as Commsave have been paying atleast 2% dividends for the past 5…
Vanguard, S&S ISA
Hi All, Sorry if this question has been asked before. I currently don't have a S&S ISA and would like to open one in order to invest in the Vanguard funds. What is the best platform to open the ISA? Would it be the IWEB or vanguard itself? I am looking to add a sum of money the drip feed the account every month and leave…

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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
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Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
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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.
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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
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Applied for South West Trains 'boundary fares' compensation? Act now to claim it
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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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