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Child Savings
What's the best way to save for our grand-daughter (aged 5) who lives in New Zealand.
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Saving for school fees from birth, Wesleyan?
Hi, With the arrival of our firstborn son a couple of months ago, my wife and I are already considering saving for senior school fees. I am lucky enough to work at a teacher in a well regarded school which gives a generous discount to staff, but I figure I will still probably need about £50k in today’s money by the time he…
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Post Office Money - Online Bond Statement
I'm in the procees of sorting and confirmng a morgage, and I need to prove the existence of a deposit via a bank statement. The money in question sits in a Post Office Online Bond account, and my lender wont accept a screenshot of my online login / banking as proof. Is it possible to get either a downloadable pdf statement…
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Grandson's Bare Trust Fund Transfer?
My Grandson's Dad died a few years ago (2015) and he had a deferred private pension that the pension company transferred a decent amount into a Bare Trust Fund for my Grandson for when he is 18. Both myself and my Grandson's Grandma, from his dad's side are Trustee's for this Bare Trust. We had a difficult job getting a…
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Personal Savings Allowance
I'm sure I told HMRC last year about interest on savings but I can't seem to find the form now. It may have changed so could someone please point me to the right place? I've tried ringing them but they just cut me off with a "Too busy to speak to you" recorded message. I did fill in a form last week and got a new tax code…
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Income at good rates
I will soon have £20,000 to £40,000 to put away. I'm looking for a way I can get good interest but take £200 a month from it to top up my income. I will see a financial person, bu just want some ideas as bank accounts are offering next to nothing at the moment.
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Where to invest for 5 years (vs mortgage overpayments)
I have remortgaged to First Direct (fixed at 1.64% over 5 years) and was planning on overpaying each month to clear the full amount as soon as the 5 years is up. The balance is £95,000 and monthly repayment is £850. To pay off the full balance when the 5 year rate ends, I have calculated that I should overpay £800 monthly.…
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What taxable income do these create?
Assuming you have used up all your nil tax allowances for interest, dividend income, capital gains etc and we are talking about income that is taxable. Do bond funds create different taxable incone to equities funds or ETFs? Do bond funds generate interest income or dividend income? For example Royal London Short Duration…
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Virgin flying club savings account
Hi I'm looking at virgin atlantic flying club savings account. Instead of interest it it pays out in flying club miles . It says the equivalent interest would have to be 2.4% if you bought the air miles from virgin. My question is this a worthwhile account as I would use the air miles or would I get a better deal with cash…
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Are regular savers worth it?
I've recently been looking at various regular and fixed term savers and it seems to be it seems like the interest is still not really good enough to justify using them. In the HSBC regular saver, if you make the maximum payments, you're locking your money away for a year for the sake of £44.69. In others, you're locking it…
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Atom Bank App
I have had a couple of savings products with Atom Bank, set up via their app on my phone, and currently have a 1 year bond. Today I went to log in to be told they have a lovely, shiney new app, but that it is not supported by my phone. Fantastic. :mad: So an app-only bank that has decided, without warning, to pull the rug…
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GoogleFinance
Reading an interesting comment on here from Brian65 I decided to experiment with Googlefinance, with mixed results... My aim was to create a simple spreadsheet that dynamically updated stock. To start I download portfolio from II as CSV and copied into Google spreadsheets. This provided tidy lists with symbols (with…
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Tesla Gigafactory 5?
Last month, President Donald Trump signalled he expected Musk to add to Tesla’s U.S. manufacturing capacity. “He’s going to be building a very big plant in the United States,” Trump told CNBC in an interview. “He has to, because we help him, so he has to help us.” Elon Musk asked Twitter users whether Tesla Inc. should…
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Do performance charts strip out ex-div price deductions?
I recently bought two chunks of Royal London Short Duration Credit, M Inc class: on 16 December at 102.8p and on 17 January at 103.6p. As of last night the unit price was 102.2p, yet if you look at the performance chart the price has clearly risen, not fallen, since I bought them. How come? (I'm crap at embedding images so…
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How do you track your savings
I just wondered if anyone knows of a good app or even a template eXcel sheet for tracking all my little savings accounts currently i have my Moneybox LISA, FD Regular saver, Virgin Money Regular Saver, Coventry reg saver and marcus acct. oh and premium bonds :rotfl: Id love to have them listed on one app where i can…
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Computershare Bradford and Bingley outstanding payments
Hi, A few months back I got a letter from Computershare containing a cheque for "outstanding payments" I was due, not a huge amount but an unexpected cheque for £30 is always nice. I used to get share dividents from Computershare, but havent heard anything from them for a decade or so since B&B collapsed. So it was a bit…
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Short term savings/ investment
Hello all, I have £40,000 from remortgaging for an extension, which is sitting in my current account. I wonder if there is anything sensible I could do with it while I'm waiting for the work to start. I suppose I'll need access to it at reasonably short notice, and will most likely start the extension in the summer. Thanks.
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NatWest Savings Builder - no longer withdraw online
Just discovered that you can only move money from this account online if you have a current account with Nat West I have had this account for over 2 years and used online withdrawals to my non NW current account fairly frequently. I have had no notification of this change - has anybody else had updated T and C's???? Not a…
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Tax on Savings
Can someone please confirm my understanding is correct of Tax on savings accounts. As a HR tax payer I can have approx £37,037 in a Marcus account earning £500 interest p.a and anything else in any account except an ISA would be subject to 40% tax ? So if all savings is needed as instant access i should put anything over…
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Calculating performance % increase
Hi I'm trying to work out the performance of my partners pension over the last year. On the 4th February 2019 the pension had £29088 in it Today 4th February 2020 it has £37920 She made the following payments in over the last year and took no money out 14th February 2019 £625 payment (in incl tax relief) 14th March 2019…
