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Interest rates 2020
Could the UK's credit rating be downgraded, as we are in so much debt and the economy going downhill? This would have the knock-on effect of increasing interest rates. Or is it more likely to go the other way? The possibility of UK interest rates turning negative is something which Azad Zangana, Senior European Economist…
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NS&I - Getting past login - not.
New investors, be warned. Make sure you type your phone number in correctly during registration. I left the leading zero in by mistake.. Part of the logging in process is a call back to your phone number. If it fails, you have to ring them. Expect a wait in excess of 30 minutes to get through. They will then post you a…
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Bare Trusts for child
I did a bare trust for my grandaughter after being an executor to a will that left her £5000 . Parents had already done a CTF for her , one of them along with myself and OH are the trustees and it was decided to put the money into SMT fund . Another £5000 was bequeathed to her when my mother died , which was also added,…
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Inadvertently paid into 2 Cash ISAs
Hi all Hope somebody can help. Have tried googling but can't the exact same situation. In the last tax year (19/20) I had two cash ISAs with Virgin and Nationwide. For this tax year (20/21) I've made a deposit into my Virgin ISA but am still under my ISA allowance. When Nationwide announced their interest rate cut I…
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BTL or stock market
Hi guys, I have BTL and shares but I am thinking of selling my BTL and invest in the stock market because the returns seem much better. I have 2 apartments in London. The first was purchased in 2015 for 400K and is worth 500K, there is 250K left on the mortgage. It is rented for £1360 a month Second property was purchased…
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Chip savings app
I had some extra money in my current account for a week, to pay a builder. Chip have taken £200 over the last week, with work etc being really busy I didn't realise. I tried to withdraw it and they've refused saying that they need further ID. The chatbot is the only method of contacting- was on hold for 2 hours this…
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Optimal Cash Allocation
Morning - Posing this question as I've always carried a cash allocation alongside my main stock holdings ready to "buy the dips" - but recently I've found that that cash allocation is growing beyond my comfort zone, but doing so only because I haven't been able to find any at-risk investment that I actually want to make.…
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Premium Bonds to Cash - How Long?
I've got a bit of cash in my current account not doing anything. I want to buy some Premium Bonds, but want fairly easy access. How long would it take to transfer the Premium Bond back into cash in my current account?
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Where to save money from selling a house?
Hi, Ive sold a house and obviously need to find the best savings account for the 6 figure sum. I wont need access to it for a couple of years, so happy to lock it away in a fixed account somewhere. I need it covered by the FSCS (Im mindful that the FSCS only cover £80k per account[?]). Any suggestion gratefully received.…
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What to hold during in specie transfer?
I've been thinking of transferring a S&S ISA and SIPP with Hargreaves Lansdown to Fidelity, mainly for simplicity. The S&S ISA has about £21k and the SIPP has about £12k. It's currently invested half in AXA Biotech and the other half in a mix of VLS 20% and 40%. Apparently, during the 6-12 weeks between requesting the…
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Very Long Term Investment Option?
Hello,With so many different options, I'm not sure what option would be best for me.I would like to invest between £500 - £2000 for a very long time, 20+ yearsI would like to invest it and leave it to grow and use it for my retirement, this would be on top of my pension, what would be my best option for such an investment?…
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High interest rate
Hi, please help me out and give me some advice as I have no experience in finance and saving matters. i have been offered investment saving with 8% interest for 2 years fixed by YOUROPTIONS finance advisors to invest my £20000 saving in NORTHERN PROVIDENT LTD company. I’m not sure if I can trust them or not? Please help me…
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FCSC Protection
I am about to sell my house and also receive my pension lump sum both of which will eventually go towards a new house but, in the meantime, I intend to rent for a while to get a better feel for the area to which I am relocating before deciding on a specific location. As these amounts add up to significantly above the FSCS…
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Child Savings question
We are emigrating later this year and looking to put a lump sum into a UK savings account for our 3 yo daughter. Main purpose being an emergency fund for herself/guardian if anything goes wrong and she has to come back on her own. Obviously, we wouldn't be tax residents anymore, so whether that's rules ISAs out or not? We…
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Tracking portfolio returns
Hi all, Possible numpty question alert... I am trying to calculate the returns on my portfolio since inception (Dec 2017), taking into account regular deposits into the account. I have tried three methods that give wildly different calculations! I have these all set out in a spreadsheet, checked my formulas and cannot see…
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Inheritance left to my (underage) son from my grandmother - To be held in Trust
My late Grand Mother left my son an £10,000 in her will and stated that it is "to be held in trust until age 21". At present, the current trustee and executor of the will is the solicitors where she lodged the will and they have advised that the following. Obviously we want the best for our son and I have no idea what I…
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Shares
I’m writing this on behalf of my father in in-law. He has shares in a company he used to work for and someone has contacted him about selling them. How do we go about finding out how much the shares are worth? Tia
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Lost share certificates
I I have just received letter from ProSearch indicating that I have shares in National Grid,how do I go about getting duplicate share certificate? Thank you.
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What to do with a large share save scheme/
I work for Sage (LON: SGE) and have a long running share save scheme that matures on 1st August. I've been paying in £300 a month for 60 months, with an option price of 456p, giving me 3947 shares. At this mornings price of £6.70, that makes it worth £26,400. My long term aim is to use this money to allow me to semi-retire…
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ns&i income bonds
I've recently opened the above account. I had a problem with my password and had to reset it today, which involved hanging on the phone for almost 2 hours. I'm deaf so a Text Relay assistant had to hang on with me. I finally got it sorted, and logged into my account, only to discover that they wanted to ring me as part of…
