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Would you feel comfortable...
Holding six or seven figures in a Vanguard LifeStrategy? It's a low cost, diverse passive fund. Or do you feel the risk of not being covered by the FCA beyond 75k makes this a bad idea. I'm on the fence, obviously, which is why I've started this thread B)
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Can a UK resident hold his savings in Euro and still be covered by a compensation scheme like FSCS?
I have little faith that the British Pound won't plummet and was wondering if I could hold my savings in Euro currency.Is there any approaches where the savings would still be covered by schemes like FSCS or something similar in case the institution which holds my Euro savings goes bankrupt?
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Money Observer magazine
Money Observer magazine will publish its last issue in August 2020.
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Help to Save - Direct Gov
Just tried to open Direct Gov - Help to Save account to be told I don't qualify as I'm currently off work on sick leave, and have been moved from working tax credit onto universal credit, which isn't recognised as employment income, can I contact Direct Gov and dispute this as I'm still considered an employee at present…
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multiple ISA accounts
Wanted to double check, say you open 20k x2 ISA accounts for both him and her. Over the next 10 years your going to have 20 accounts to manage? Wouldn't that be silly? If migrating each old ISA to the new ISA, wouldn't gains be negated with exit fees and selling off the fund assuming S+S ISA invested in a broad Index…
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Trust Fund Problem...any advice, please?
Hi I found out recently that I'm one of 4 benficiaries of a Trust Fund. However, the other 3 people involved ( my nieces) refuse to give me any info or help. The background to it: My grandmother had a Trust Fund for her 4 grandchildren - my 3 nieces and me - as beneficiaries. It appears that when she passed some 20 years…
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What's your best paying bank savings rate at the moment, excluding reg savers?
Not much going on other than reductions... so I thought maybe we could do something (and nothing) just for interest ...as we ain't getting much from banks lol. So, just for entertainment and a laugh at how bad the rates are, not a competition: What is the best rate of interest that you're currently earning from a bank or…
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Suggestions for a speculative punt?
Not just a First World Problem but arguably applicable to anyone who has a small amount in a pension (or ISA) that long term will make little difference so might as well go all in on a succession of shares to build the amount into something worthwhile. Eg if I could double the amount a few times then it's no longer chump…
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Company Share Scheme
Hello all, just after a bit of advice please! I have invested in my company share scheme due to their generous discounting and matching, and now have the option to withdraw these shares early as there is a clause for big life events (we have recently moved house). The information I have is that Income tax will be
charged…
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nat west savings builder account advice please?
Hi I have a nat wets savings builder which needs a £50 top up each month and pays 0.95% up to £10k but the balance must go up by £50 a month so any idea how you can draw out the amount over £10k? If the excess is drawn out then the balance cannot go up next month?
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Investment advice
Hi - I have £10 000 which I would like to invest so looking for advice as I have no clue re ISA, bonds etc.I am 55 and can leave the money in the account for a year but may need to withdraw +/- £3000 in September (having teeth implants sorted in Turkey.Any advice/suggestion greatly appreciated.RegardsSharon
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What to do with inheritance received early
Hello, I'm 39 and married with a 2.5 yr old and new baby on the way. I lost 2 immediate relatives in the last 2 years which means I will be receiving inheritance quite early. On top of that the business I have run with my sister for the last 10 years is looking like we wont survive the damage caused by coronavirus. In…
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my son inherited several thousands and need advice on how to invest this money
My sone have some savings, his 9 years old now, he has several thousands (which he is obviously not aware of) not much but I have kept it on my account for few years not doing much with it and not getting any benefits. I would like to invest it so he can have good amount when he turns 18, maybe to support him to pay…
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House deposit help!!!
Me and my boyfriend want to buy a house in the next year or so, we currently live at home with our parents and pay rent! We both work full time, he is great at saving...I am not! Is it realistic to be able to save £7500 in a year or so? I need to get out of my parents house 🙈 Any hints/tips would be greatly appreciated.
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Comparing the biggest US companies to the biggest UK companies.
Where did we go wrong? Oh I know, we sat on the sidelines through the biggest revolution since the industrial revolution and ignored technology. Our top 10 companies are nearly twice as old and worth 1/7th as much. Last week Apple's market cap gained $135billion, nearly the entire market cap of our richest company... in 1…
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Mystery 'Cheque deposit'?
I don't really know where to put this but I have had a mystery 'cheque deposit' of £700 turn up in my account and I am really confused about where it came from. Don't get me wrong I am NOT complaining about it especially as I am literally about to complete on a house purchase but I thought a cheque would only turn up in my…
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NS&I switch if you dare.
Some considerable time ago long before the Corvid 19 lockdown began I decided to move my sons 11 year old JISA from Santander to NS&I. I wanted to do this as Santander had notified customers that they were reducing the interest rate on JISAs. I applied to NS&I for an account for my son providing information for them to…
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NS&I - no idea if I successfully opened account
Last night I attempted to open a new Income Bonds account with NS&I but don't know if I was successful or not. I have no email confirmation. I got to the last question where it asked me to enter my bank card details for transferring in my money but skipped that question as it's going to come from Coventry BS savings…
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Capital gains tax - 30 day rule
Hello,If I sold some shares that were in a taxable account and I bought them back within 30 days, I understand there would be no CGT due. Does the 30 days include any weekends/public holidays? Would I need to declare this in a Self Assessment form even though no tax is due?Thanks!
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NS&I DONT!
If you are considering NS&I be certain that you will regret dealing with them. They have requirements for the form filling and document certification that are contradictory. ( if you feel like a major guilt trip, telephone them. If you aren't sorry after the first half hour of waiting you have not been listening). If you…
