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Savings & investments
Archives for December 2020
Discussion List
Am I doing this right?
Hi There, I'm currently 21, and have a goal to buy a house in late 2024/early 2025. I am looking to get around £87k saved (which I'm on track to do) in order to put £75k deposit down, on a £120k or thereabouts property. Would leave me £12k to deal with buying costs and still got a decent emergency fund, plus a start…
Saving for a Buy-To-Let
Hi all, My husband and I would like to start saving for a buy-to-let to get to 50k deposit needed in five year's time. I'm however confused as to how to best save this money - I couldn't find any good savings accounts on this website as they are all about small amounts and it looks like each of us can only put 20k into…
AJ Bell LISA - Fund Dealing Charges
Hello, I have a cash LISA with Moneybox that I am looking at transferring into a S+S LISA with AJ Bell, who seem to be the only one I can find that allows this type of transfer (cash to S+S). I have been looking at the fees involved and wanted to check that AJ Bell charges £1.50 for buying and selling investments per deal?…
ISA Tranfers - Please can you confirm my understanding
Hello, Please could someone confirm my understanding of ISA transfer rules as I can not find this particular scenario online anywhere and the bank customer service team do not seem to understand me. The Scenario- Lets say my FIL currently has c.£50k saved in a Cash ISA from prior years with Nationwide, and this year he has…
Intending to move aboard - savings exchange rate through next year
Hello folks,I've had a search around the forums but not found quite enough to use in decision making. Help and advice from the expertise in this forum would much appreciated. I have been saving over the past few years, with the intention of either putting down a deposit on a house or funding a move abroad.Having made the…
Jupiter Unit Trust Investment - refusal to reissue cheque
Hope this is the correct place to ask. Some years ago I had an investment with Jupiter Unit Trust. In 2012 I closed the investment and requested a cheque. I've just discovered cheque was overlooked and never cashed (I was ill at the time and for some period afterwards). I've asked for the cheque to be reissued. I know it's…
What would I do with it?
When my OH and I bought a house together I kept my flat and rented it out. It is located not too far from Heathrow and was valued at just over £300k five years ago. The flat is rented. We put a mortgage on it when we bought the house so that we could claim tax-relief on the interest whilst having a smaller mortgage on the…
Bond yields
Ahead of devising a portfolio for a stocks and shares isa, I'm reading a lot of threads on the forum and also reading Smarter Investing by Tim Hale which I saw recommended here. Hit a snag on the chapter about bonds. "If yields rise, bond prices fall. If yields fall, bond prices rise" I don't get it, the yield is your…
Gifting/Premium Bonds
My mother has £200k in the bank, she doesn't want to risk investing other than savings accounts and likes Premium Bonds but has her max £50k already. What would be the tax/legal/moral considerations of her gifting my sister and I £50k each which we could put in PBs for her? Fixed rate bonds for 2 years are miserly (she is…
First Home Saver (S1) 0.6%
I've moved my saving from NS&I to Marcus which is due to drop to 0.5% soon. I noticed I still seem to have a Santander First Home Saver (S1). The interest rate is 0.6% which investigation shows dropped from 1.25% back in July. Is anyone still using this account? I bought a house in 2016 and forgot about it as I don't use…
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