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Santander ISA rate reduction from 0.1% to .01% (£10k+)
...just got this from Santander, not that I have one anymore..... but how low can you go!!
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Struggling with the concept of Equalisation
I hold a SIPP invested in funds on Hargreaves Lansdown. As SIPPs are tax free, this is more relevant to taxable accounts for understanding. INCOME UNITS This is easy, I think. I buy £10,000 of Fund X. The first dividend is £30 dividend plus £15 equalisation. The £30 is taxable income. The £15 reduces the base cost to…
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current account for savings
BOS with vantage. What would you do? For many years I had three BOS accounts with vantage and
kept them for savings, but then closed one of them because I felt I had so many
bank accounts it was getting out of hand and I could get better interest rates
in general savings accounts ‘at the time’. I did intend to close more…
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Does the Post office close unused accounts?
Hi Folks, wonder if someone could help me. I found a "National Savings Bank Ordinary account" book recently. The old post office one. It has a whopping £4.00 in it! The last deposit was in September 1980. 2 things, first, what would that be worth today? (I'm guessing probably £3!) and secondly, would this account be usable…
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Platform for Investment in a Discretionary Trust
I have experience in investing in OEICs etc in bare trusts as
executor of a will. Now long retired, I wish to sell some of my ISAs
and invest about £250k in discretionary trust funds for my grand
children. I would prefer to use an IFA, but it seems the only way
they make money is by wrapping the investment in an insurance…
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6% Sainsbury's bank Fixed Rate bond Atlantic Capital Management
I'm thinking of investing in this bond through Atlantic Capital Management but have never used this kind of investment before. They tell me it's 100% safe, but they would say that wouldn't they? I checked them out on companies house and they appear legit, but this is a whole new thing for me. I'm trying to find a suitable…
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Selling a piece of gold now?
I have had a gold necklace given to me years ago that I will never wear and have kept merely as an investment. The price of gold is heading for a record high now (from what I’ve read). I’m thinking of selling this necklace while the price is high and then investing the money someplace else. We are talking about 150 quid…
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Is the Standard and Poor rating free?
I was reading about Standard and Poor ratings recently and found some more information here: https://www.spglobal.com/ratings/en/index#find_a_rating It is asking me to register but provides no information about costs. I am asking in the context of a private individual investor. I am wandering if I can use the website to…
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True Potential Wealth Management. Anyone had dealings with them? Good or Bad !
Hi all, I filled in a website form, i think it was a link from the FCA website but not sure but anyway it was to find an IFA in my area as i wanted to move some money from my Pension with Phoenix Life to a drawdown pension. I had someone from True Potential Wealth Management call me who sounds very convincing but i just am…
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Whitbread rights issue
I took my eye off the ball, not realising that Whitbread were doing a rights issue. So today, a cheque has arrived for approximately half of my shares. It looks like they have been sold for about half their value. I was under the impression that normally a rights issue is where every one original share is exchange for 2…
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Coventry Building Society's New Rates, 8/9 July 2020
https://www.coventrybuildingsociety.co.uk/content/dam/cbs/consumer/pdf/savings/rate-change-notice.pdf Easier to just add the link and you can browse at your leisure. I don't see my Regular Saver, Issue (2), on there, which recently reduced to 1.85%
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Seeking advice re. what to do with proceeds from house sale
** this post has been edited for clarity after some of the answers, as it wasn't very clear initially ** Hi, * We are Powers of Attorney for a relative who is in care. Unfortunately the relative does not have mental capacity and as attorneys it's our duty to make sure that investments are secure and benefit the estate so…
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ISAs & Funds question
Hi, I am looking at investments. I have had a Cash ISA for a number of years while working at uni and got a Help to Buy ISA last summer when I started working full time after graduating. But I am also looking at either opening a Stocks and Shares ISA or investing in something like a tracker fund. With apologies if these…
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Investing advice (beginner)
Hello, So I recently started reading up on articles about investing and watched plenty of videos. It seems very interesting and also profitable (if you place your money wisely 😉). So I took the plunge and downloaded the Hargreaves Lansdown app and deposited a small sum of money so I could “wet my feet”. On the attached…
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Nat West Credit Score
I wanted to move bank accounts and chose the Nat West rewards Acc as it most suited my financial position. I wanted to get their Rewards Credit card as well to maximise benefits of the account. I was accepted and given a £2k overdraft (which I didn't particularly want but hey ho). They then invited me to apply for the…
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NS&I Direct Saver
With interest rates plummeting daily and accounts being withdrawn just a reminder the Direct Saver by NS&I is still paying 1% for a £1 balance
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Alliance & Leicester and TSB shares
I've just been given a box that has share statements for above . Alliance & Leicester There are 3 statements for high risk, extra interest and ordinary share. They are from 1988-90. My father died 1990. My eldest sister dealt with his estate but she has also died and I'm not sure if these shares were known about at the…
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Eligibility to get kitchen / bathroom on finance
I am looking to put an offer in on a house. However, it needs a bit of work, including garage conversion, decorating etc as well as a new kitchen and bathroom. I can afford the decorating upfront but not the rest. The bathroom and the garage can wait a while but the kitchen is a bit unacceptable and i'd need it done asap.…
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Avoiding receiving a fund dividend
For tax reasons I won’t go into I want to avoid being paid
the next dividend on Royal London Short Duration Credit (Class M) Income held in my trading/GIA
account. Its ex-dividend date is 1 August. So should I place a sell order first
thing on Fri 31 July and then a (re-)buy (at the lower price) first thing on
Monday 3…
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Where is my £10k
Wondering if anyone has any ideas. I tried to open a savings account with a well known financial institution via their website. During the account opening process the website broke but the OTP for the £10k had already been made by then. The money transferred out of my high street bank account but the other bank say it was…
