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allocation of savings
So, i'm 26 and ive managed to save a good chunk (£15k+). this is spread about a fre high interest bank accounts and a help to buy isa. how should i allocate these savings? e.g. how much to pension vs towards a deposit vs rainy day fund etc? Cheers
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Early inheritance - what should I do?
Hello everyone, Newbie to this so please be kind! I was watching Martin Lewis on this morning and figured this might be the best place to ask some questions. I don’t know a lot about investments or savings, not through ignorance but more because I’m easily confused. I received my inheritance from my dad early which was…
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HL or AJ BELL for s&s LISA
Currently have a cash lIsa but looking to open a S&S Lisa in April. I will be putting the max in £4K spread over the year. What platform would you advise? Or have experience with. I’m heading towards AJ bell at present. Both AJB and HL to seem expensive for fees. I wish Vanguard would launch a LISA.
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Third Multi Asset Income fund wanted.
I have a major investment in a Pru Cautious Fund which is a smoothed multi asset income fund with life assurance attached. I have £103,000 in the non ISA version and around £88,000 in the ISA versions. I take 3% from each fund per year in monthly payments so the funds still grow slightly and I know what income I can expect…
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Switching Savings Accounts
Good Evening, Previously I've switched my easy access ISA's and savings accounts within the same providers but due to poor rates I'm going to switch to other providers. Could you be kind enough to give an overview of the process please. How do I ensure that I receive the correct accrued interest when closing the accounts?…
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Tax on savings interest
Beware the banks reporting system and the tax man ... I was happily engaged in following advice to maximise interest by spreading savings and drip feeding into a number of accounts as recommended by MSE. Every month I would drip the maximum that I could from my Santander 123 account into a Santander regular saver account.…
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As safe as (peer to peer) houses...?
Those who use peer to peer platforms such as funding circle might think that loans secured on land and property are amongst the safest and they are probably right when compared to other unsecured loans. What could go wrong? The platform reviews the business plan and takes its loan security from the land and property as it…
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Car Finance
I was wondering would it be better using my savings to pay off my car Finance because there is an £8000 worth of interest over a 58 months period thanks
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Savings account or Premium Bonds?
Premium bonds and savings...What actually is better? After me and my partner have just mortgaged our first home I have just started to save again after saving our deposit up. I am wanting to know would it be better putting money in a savings account that can be accessed or just using a premium bonds account?
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H2B ISA - Treated as Cash ISA & Bonus 'lost' - please advise
Hi Guys First post so please be gentle ! I did search for similar issues before posting. My son has a NatWest ISA which he believes he set up online as H2B and invested into it according to the H2B rules. On closing the account last week, to complete on his first house last Friday, he was advised by NatWest that it was…
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Who are Alliance Trust Savings?
My IFA is recommending Alliance Trust Savings as my savings 'platform', yet a search on here gives almost no information. I understand from press coverage at the time, that they were bought by Interactive Investor in July 2019 and sold on to Embark Group 3 months later. ATS lost £19.3m in 2017, but recovered to turn a…
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Grainger vs property crowd funding
Hi Is there an particular advantage or disadvantage in investing in residential property via grainger or just investing direct property crowd funds like property Partner etc? Would one have better protection via grainger? More exposure to a variety of investments?
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S&S isa /SIPP
Hi , Please could you give me some advice / guidance before I take the plunge and open a s&s isa and SIPP , I am a total novice when it comes to investing so like the idea of the LifeStrategy funds were I can leave my money to hopefully grow with minimal interference from me other than monthly contributions, the money will…
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TSB 2year Fixed Isa
Hello My Mother opened a 2 yr fixed ISA with TSB in June 2018 putting in the max of £20k hoping not to draw on this. June 2019 received £200 interest paid into the ISA. Unfortunately mother needed to draw money last month (Jan 2020) and now has been charged with a PENALTY INTEREST EARLY TERMINATION FEE of £6.64. Mother…
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Barclays blue rewards
Hi I opened the blue rewards account in 2018 when they had the double rewards offer on I have a mortgage with them and do 2 direct debits for the rewards. I have 23 k in there is it still worth it ?
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Moving abroad - Conflicting advice on ISAs from HMRC
We have a number of ISAs and savings accounts which we operate on-line and we have recently moved to Spain and told all our providers. HMRC advise that "you can keep your ISA open and you’ll still get UK tax relief on money and investments held in it." and also "You can transfer an ISA to another provider even if you are…
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Misleading advice in Money Which
From the January edition of Money Which (page 36):- "RIP regular saver rates Just three and a half years ago you could earn 6% on your savings. That rate was offered by the best regular saver accounts, in exchange for contributing a certain amount each month and leaving the money for 12 months. Market-leading regular saver…
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Can I choose my workplace pension?
Might be a daft question, however I currently have 2 pensions - 1 with my old employer ‘blue sky’s’ and 1 with my current employer ‘smart pension’ I want to move both of these to a single pension provider - is this possible ? Is it possible to put these into something such a vanguard LS?
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stocks and shares up or down next week isa
Hi all, I see the stocks and shears is down a little cos of the new virus, and flights not going to China. Do you think they will drop more ??? Also I was thinking of investing here, sany thoughts ??? Recommendation: Natural Grocers by Vitamin Cottage (NGVC) Driven by growing consumer demand for organic and all-natural…
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Ford Money 1.26% Monthly FSCS Protected
I have this - https://www.fordmoney.co.uk/savings-products/flexible-cash-isa
