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IFA Fees
Do these fees sound about average pls? Initial meeting to discuss current situation and future financial aims is free Thereafter Tier 1: up to £250k = 3% Tier 2: £250k-£500k = 2% Tier 3: £500k+ = 1% eg for £300k you would pay 2.8% overall Tailored plan includes: • One planning meeting a year. • Annual assessment of your…
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Childrens Savings
As a grandparent I put £50,000 into grandchildrens accounts n order to get a high interest rate (and was the trustee). After a short period of time I wanted the funds back but the bank refused to give it to me as it was now in the chidrens names. Eventually I managed to close the accounts and got the funds sent to me by…
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Open account through MSE or Comparethemarket?
Hi, some saving accounts can be opened from MSE and Comparethemarket (a Union bank of India account, for example) or other website. Is there a difference? Sometimes you get cashback/freebies etc. Thanks
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Hargreaves Lansdown - tech error on my account
Today I tried selling approx 8,000 shares that I held in IAG. But I kept getting errors, telling me it couldn't sell. Eventually, it let the transaction go through, and I thought ah, great. But, then I realised it hadn't gone through, I checked my transactions, not appearing, I checked my emails, nothing. So I tried again,…
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Taxed on my savings
Can anyone help me, I have just learned that I have been taxed £400 on the Building Society saving I made last year. I was obviously oblivious to the fact that being a higher rate tax payer I was only allowed £500 per year, tax free & not the £1500.(we never normally save !) The money was not mine it was my wife's and she…
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What is a market segment?
I am an investor with a business degree who believes in fundamental analysis. However, I am trying to learn more about technical analysis in my spare time. I have a paper account with a broker and I tried to place an order recently on a practice account. Almost every order I place fails because of the market segment.…
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Hold or sell Amazon shares?
My husband currently works for Amazon and receives shares in that company as part of his compensation. I was wondering if it would make sense to sell the shares during one of the periods when it's allowed and use the money to invest in a fund or index tracker in order to spread the risk. Amazon shares are worth a lot now…
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Confused about 1.51% Natwest International Savings Builder
Hi There, So I was just looking at accounts that pay a better rate of interest and one that came up was the Natwest International Savings Builder, paying 1.51% up to 10k as long as you pay £50/month. You have to be an existing natwest international current account customer to apply. It says the following: To apply for a…
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Union Bank of India interest rate review imminent
I can't see this posted , so just thought this info would be vital to anyone looking at the best buy tables for fixed interest rates, from where I decided 2 weeks ago to take out bonds. The banner below runs above their interest rate page. ""Bank is currently reviewing and will be revising the Interest rates offered to our…
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Limitations on New Pension Tax Relief after Pension Drawdown -
I started drawdown from SIPPs some years ago, and am therefore limited to a maximum annual contribution of £4,000 to any new SIPP, providing I earn at least £4,000 per annum. This attracts £1,000 in income tax relief for any 20% tax payer, like me, making £5,000 in all. If I draw 25% as a tax free lump sum, I will pay 20%…
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How to find where to buy a particular investment fund
About investing in funds, ETFs that kind of thing. How do I find where to buy particular funds? For example, iShares Green Bond Index Fund. The FT website says that this fund is available for sale in the UK. (Sorry I'm too new to be able to post links!) But I have tried a few different retail investment platforms…
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Marcus log-in not working
Anyone else getting the 'Sorry, something seems to be wrong' message when trying to log into their Marcus account today?
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Irrational Markets
Is it me, or do the markets seem just a teeny tiny bit irrational atm? EDIT: Just picked up on the vaccine news.
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NS&I SNAFU
Won't permit login - and no explanation why. Telephone service just reporting Routine Maintenance taking place.Routine maintenance at 10:30 on a Monday morning?Anyone else managing to raise the dead this morning?
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Saving options for a friend's child.
Hi, MSEF. I know this has likely been discussed here before but I'm struggling to find good info on the topic and with the world being as wacky as it is right now, I could use the most up to date info. My best mate died earlier this year and his fiancé was three months pregnant at the time. The baby was born last month.…
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Saving to retire early.
Hello. I have about 9 months left on my mortgage. I will be 45 when the mortgage is repaid. I want to ideally retire at 50. I would then have 7 years to wait before I can touch my pension. Therefore I need 7 years of income from my savings. I currently have 0 savings as I put it all onto my mortgage. I overpay my mortgage…
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Child Trust Fund - I am lost
Hello, I have two children, both turned 12 and 17 respectively, recently. They both got their Child Trust Fund accounts opened by the government. I then did not do anything about them, for years, like putting in money due to financial difficulties and family problems. I have now recovered and I want to put a few thousand…
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Where should I take money from my current account or a S&S ISA
I am wondering if anyone can give me any advice here. It is my intention to renew my lounge, dining room, and hall carpet. I also intend to by two new sofa's and new curtains. I also want to have the hall redecorated. I am wondering whether it is best to take the money from a S&S Isa or to use money I have in my current…
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Best way to invest 5k
Hello, I have 5k to invest .. my question is, what would be the best way to invest this ? I do not want to touch this money until ideally I am at retirement age. Many thanks for any help.
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Changing the beneficiary of a trust
If you put money in a trust for a child with the child as beneficiary is it possible for the trustees to change the benificiary at a later date for example if the child falls out of favour. Can an additional beneficiary be added - for example another future child ? The trust is a 'Discretionary Gift Trust'It says "The…
