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CGT rules on foreign shares - which FX rate to use
For the current tax year I have sold some of my US tech shares and want to get confirmation what FX rate to use when I calculate the capital gains for self assessment 20/21. The shares I bought were settled in USD a few years back and they settled in USD when I sold them. So there was no conversion taking place when…
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24 Year old needing sound advice!
Hi all, I have a good chunk of money sat that i’m not doing along with and a strong income from my employment. I am looking at putting some money in a S&S ISA and then paying in monthly - This will be for a medium term investment 5-10 years. Can anyone advice me on the best to use, i have seen vanguard, iweb and many…
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security issue ?
I've had a cash isa languishing (now with virtually nil interest) and am looking to transfer to another provider, something I haven't done for years. I've been looking at a few, mostly those that you can apply for/manage online as i work fulltime, so cant easily go in branch, or they maybe located in another region. i…
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Premium Bonds
Is it possible to loan my daughter £50,000 for 5 years in order for her to purchase premium bonds.She could keep any winnings (unless its 1M£ of course).Would there be any tax implications on the loan if full repayment was not due until end of 5 year period.Is this legal or is there a different way to do this other than a…
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Capital Gains Tax and Dividends - Record Keeping
Hi, I've used up my ISA allowance (I used iWeb this year, have previous years with Fidelity) and so decided to invest additional money using a general investment account on a monthly basis using the Vanguard Investor platform. I've read on this forum in the past that when investing in a general investment account to use…
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Profit from Bitcoin - question about paperwork
Hi i am about to sell some bitcoins and I have some questions about how to declare this to hmrc in short, do I need to fill any tax form for this? I assume I need to pay taxes on the profit I had, right?
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Santander 123lite
Does Santander still stop you £2per month if you go under 20,000 savings or does it just turn into a normal savings ?
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£0 commission investing - any users of Trading212 ISA?
Hi AllI've just realised Trading212 do ISA's as well now (guessing they have done this for a while but i've not been up to date!), the fees and the 0 commission trading sound too good to be true, has anyone here tried it and can offer their opinions? My funds I already hold on iWeb so not too worried about the lack of…
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CHAPS payment to NS&I Income Bond
Hi. Does anyone have experience of transferring funds to an NS&I Income Bond by CHAPS? I went into a branch of my bank today to transfer funds from my house sale to my NS&I Bond (until I work out what to do with it due to the new, low interest rate with NS&I!). My bank said it would be with them within two hours. I just…
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NS&I ridiculous new interests rates: alternatives for expats ?
Hello everyone, as many expats (and non-expats) I am using NS&I for savings, but will face a massive interest rate reduction in a few days. Has anyone got any suggestions to alternative savings account ? I have looked at older posts on MNS and at various banks and found no answer, being all savings accounts for UK…
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NS&I
Care! NS&I site is down on sat and sun. Max w/d p/day is £50k
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Lloyds Shares Keep or Sell?
I have 360 Lloyds shares worth what, £125 or whatever I can get for them? that I got from Halifax when I had a mortgage (now paid of thankfully). Is there any point of hanging on to them now since they are not paying any dividends? Especially at my age 70's.
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Trust or will ??
I have a friend that is in her 70s & totally independent with no family at all & worth in the region of £700k. She also has no will. She would like everything she owns to go to animal charities & we keep asking her to at least make a will for now that gives everything to “let's say” the RSPCA, Anything is better than the…
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Help please - how to register Lasting Power of Attorney with shares and investment bonds
Sadly, our 92 year old mother is now at the point of needing care and my sister and myself are starting the task of consolidating her assets in one place so that we can have a fund from which we can pay care bills, solicitors etc.We do thankfully have in place financial and welfare powers of attorney which allow us to act…
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VLS 80 and 100 - time to take some profit?
Whilst it is very pleasing to see my holdings skyrocket, I do wonder if I should take a little profit out of my VLS 80 and 100 holdings, if nothing else to hold in cash to use when further opportunities present themselves over the next few weeks and months of inevitable vaccine announcements and general covid related…
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Sainsburys Sharesave 2021 - Is it worth optinging for it?
Sainsburys is offering Share Save scheme for 2021 at 161p per share ( 20% discount which comes to 25% profit on purchase price)Maximum £250 per pay period for three years: 3years x 12 months x 250 per month = £9000 in three yearsSainsburys Share todays closing = 209.40, 52 Week Low = 165.22, 52 Week High = 228.44 The share…
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Selling shares - newbie question
Hi I’ve never bought shares before but last week I bought some Lloyds banking group shares through Equiniti I logged into my Equiniti account tonight and they are all updated on my holdings- sorted anyway I don’t intend selling them for a long long time but out of interest I looked into how this is done - and I’m confused…
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Forex Trading
Hi all a friend of mine has been putting money into Forex Trading. He has been using the Sangus Group who use Go Markets in Australia. He's been saying that he gets excellent returns of 1% per day which he compounds the interest. He also reckons that it can't lose. I can't find any information on there website except there…
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Dividends
Good evening folk. Probably another one of my naive questions , but still on the learning road. Im reading through the pre investing ISA acc blurb at iweb and have come across info saying they only accept dividends as cash - this seems to imply that some funds give units or shares instead ? Is the latter common , which…
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Kids savings and investments
Looking for some advice from parents:My daughter was born last month and has received about £100 from one of my aunts which I was thinking of investing for her. I'm with ii and looks like I can open an JISA with them for free so that seems pretty straight forward (not sure how much it costs to trade though but will just…
