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Do I need a Financial Advisor?
I'm taking voluntary redundancy at the end of this month (so, tomorrow!). I've found myself in what I feel is a very fortunate position - I'm in my early 40s, no children, no mortgage (paid off early a few years ago) and will have £60k total in the bank come tomorrow morning. Through my work I've been offered a free…
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Premium Bonds - retrospective prize draw
In March I bought my two grandchildren some premium bonds - what
a palaver – so they would be entered into the 01 May draw. To cut a long story
short the transactions failed. NS&I eventually admitted it was totally
their fault, after the funds had been returned to me – apparently Covid was to
blame! and paid me £50 in…
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Clearance of Debit Card Payments
Where payment by credit card is not possible, for many years
I have made large payments by debit card. For example with several new cars I
paid the full amount by debit card and 30 minutes later I was driving the car
out of the showroom. I recently had an experience that I personally found
surprising. I used my debit card…
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What to invest in to protect against inflation
Hi all, sorry if I am being thick, but if I currently have most of my savings in ETFs, what happens if heavy inflation kicks in? Will they hold their value or get inflated away? I have taken the view (possibly wrongly but its the one i’m going with) that we are on course for a no deal brexit, and I am thinking about how to…
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Inheritance, premium bonds, student loan and maybe more!
Hello...please could someone advise me? I have recently inherited around £100k. I have one child who is 18. While I decide how to use the money I would like to put it in premium bonds. Can I put half into my childs premium bonds too without any tax worries? He is applying for a student loan and I am concerned it may affect…
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Have you heard of Qazikoo EIS Shares?
My father investigated an investment option: Qazikoo EIS Shares. Since them we've been called and sent various documents. Have you heard about this? Is it legitimate? Apparently Qazikoo is a revolutionary banking service; secure, multi-currencies and aiming for unicorn status. They're offering us to buy shares through…
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Pension vs S&S ISA
Hi, I am 39 (40 in Feb 2021) I plan on opening a S&S Lisa in shortly, contributing the full £4k until 50 for use at 60 as pension. I have a workplace pension with "The Peoples Pension" (https://www.trustnet.com/factsheets/p/kovu/bce-the-peoples-pension-global-investments-up-to-85-shares-0.5-pn) I also have an existing…
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S&S ISA in Vanguard
Retired. Living off state pension, savings and a small pension. I have a spare £20k which don't particularly need for 2-4 years. Decided to open directly with Vanguard, an S&S ISA and put in the whole £20k into their VLS20 or VLS40. Obviously past performances of any funds are certainly no guarantee of present and future…
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Major APP fraud - Barclays refusing to reimburse
Hi all. This is a very long story but I really need some advice so I'll keep it as short as I can. I wanted to shift a huge amount of money to a savings account so found a legitimate looking provider right at the top of a Google search. Interest rates not suspiciously high at all. Man claiming to be from Prudential calls…
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Stocks to Hold for Next Ten Years.
I know this sounds more like a Reddit thing but it's just a bit of fun. Not investment advice obviously. No explanations needed (unless you want to) Let's say 10 to 20 stocks to hold for the next 10 years or more Buffett style, with maybe with the odd wildcard thrown in. It maybe interesting to see if the same names keep…
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Best way to invest a 6 figure sum ?
Hi all, In these times of low interest rates what are the best options when investing a large sum ( 6 figures ) of money ? The cliche is to put it in property but I am at the age where having only just been able to become mortgage free I have no intention of getting another one. Is there a limit on how much you can put in…
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Help with working out best interest rate
I've got an accumulated £27,000 over two Buckinghamshire Building Society regular saver accounts paying (currently) 1.2% pa and with instant access. This rate is after the rate has been reduced following the interest rate cuts in March so hopefully no further reduction. The total interest earned on those accounts will be…
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Bet way to invest c £20k cash - or just throw into pension?
HI everyone.tl;dr? Do i put my salary for the next 6 months 100% into my pension and live off savings, or do i invest savings in a more traditional way? I find myself with almost £20k in cash in my savings account. This is terrible as of course I earn effectively no interest on it. I'd like to do something worthwhile with…
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Tax treatment on funds
I have looked on google, but wanted to ask if anyone knows whether the tax treatment on holding different types of funds is the same? (Eg ETFs vs unit trusts vs investment trusts) thank you
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23M Newbie - Investment/Savings Portfolio Advice (GAC/FTSE 100/FTSE 250/ESG DWAC)
Hi all, I'm a 23 yo about to start my first full-time job in the coming months. Started investing/saving December time last year (yep...) and currently have/use the following: - Vanguard S&S ISA: FTSE Global All Cap Index (Acc.) (GAC) - 85%; FTSE 100 Index Unit Trust (Acc.) - 15%. - Cash LISA: used up the £4k allowance…
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Flex vs fixed rate savings
Hi. Looking at getting a regular saver account to help save for a holiday and I am unsure if I should go flex or fixed rate. How reactive will interests rates be with regards to corona virus? With the world slowly phasing out of lockdown then back to a semblance of normality are interest rates likey to rise as economies…
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Post Office doesn't honour its fixed term rate of interest
When I applied for a one year fixed rate Online Isa with the Post Office, the interest rate on the application form was 1.3% (best rate recommended by this site). This was a transfer from an ISA with another provider and it took a couple of weeks for the Post Office to get the transfer moneys. When I looked online, it said…
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VLS Region Breakdown
I've seen several comments on this forum that the VLS range is UK biased, yet when I look on Trustnet, the region breakdown for UK and USA is 25.83% and 39.01% respectively. Now, I'm not doubting anyone here, but when I see these percentages, I'd say that VLS is USA biased. I'd be grateful if someone can explain further.…
