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Permanently reduce the Lifetime ISA - withdrawal penalty?
Spotted this current petition thats gaining traction https://petition.parliament.uk/petitions/570826 Personally im for it, as its good to not be penalised for taking your own money back if you really have too Whats everyones thoughts on this?
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Best place to buy shares over 5 year period
Hey all, Apologies if this I have put this thread in the wrong place. I am looking to start buying shares on a monthly basis @£100 per month over a 5 year period. Rather than just dumping it into an ISA I want a bit of fun in the process. Any tips on the best platform would be great. I've read a few reviews on the main…
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Carnival PLC shares
Several years ago I inherited some Carnival plc shares. periodically I used to receive a dividend cheque through the post but when I tried to pay them in to the bank it was more expensive to deposit the cheque in dollars than their value, so I've just put them to one side and forgot about them. However, having seen the…
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Is this classed as bed & breakfasting
6 months ago I bought a stock but it's currently in a normal investing account and not a S&S ISA as I already used up my £20k limit. Come the start of the next tax year I want to sell the shares and move the money to the ISA and rebuy the shares so they're now in the tax wrapper. however I've read something online I don't…
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Trust options for minors
Hello everyone, My Mum is a having a deed of variation drawn up to divert funds she has received to those of an unsigned will of somebody, part of this is giving money to grandchildren, some of whom are under 18. So, thus involves the solicitor setting up three trusts, however, I want go know the options we have in setting…
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S&S ISA- Any Benefits/Negatives to Starting 2 Separate Ones?
Hello Im looking to invest £10k and struggling to decide which provider suits me best. I wondered if splitting the money and starting 2 separate ones on different platforms was a good idea? Obviously one before and one after April. Im 55, self employed and dont earn enough to pay tax. I have no debts, own my home. Ive…
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Looking ahead to the future - what should I start considering?
Not sure if this is something I'm able to pick up the information elsewhere, but when it comes to money, I very much prefer it broken down into simple terms - so any help appreciated. Recently turned 32 and whilst I don't want to wish my life away, I do know that I'd like to start considering my finances for later in life…
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Marcus taking on new customers again
As above with an easy access of 0.5% and a 1yr fix of 0.4%. https://www.marcus.co.uk/uk/en/savings?utm_source=SavingsChampion&utm_medium=Web&utm_campaign=BestBuy&utm_term=EasyAccess&utm_content=Table
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Hydrogen ETF
This could be interesting for the more adventurous. Not many details announced yet, but I expect it will contain the usual suspects... (Ceres, ITM, AFC, Eqtec, PHE, to name a few). All have massive potential matched by massive risk, L&G Hydrogen Economy UCITS ETF
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Coin base wallet
When I bought some Bitcoin a while back, I got some very small pieces of other crypto from coin base. I moved all of these into my mobile based wallet. I looked at moving these to sell but the miners fees are a lot more than the value. Do I just let them sit there or is there any way to move back to sell with little or no…
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Security of investments and cash held by nominee companies
Do people with significant fund/share assets, distribute them across a large range of share dealing companies in case the banks which hold clients cash in nominee accounts go insolvent?I mainly use Interactive Investor for share/fund dealing, and the funds are in excess of the financial compensation scheme limit of 85k.…
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Help with doing my crypto taxes in UK please
I have one little question when it comes to accounting for my taxes after selling off my investment (I guess this doesn't have to be crypto and could be many other assets). If I bought .25 bitcoin 3 times in 1 financial year and sold 0.25 of this at some point, do I have to account as if I sold the first 0.25btc or could I…
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Deposit Vs Investment via Shares and Stocks ISA
I have an S&S ISA. A couple of questions, please.1.If I deposit funds in the ISA account, do I need invest them for them to be accounted as ISA contribution. For example, I deposit 10K and only invest 5K, have I used 10K of my yearly allowance or 5K? 2. If I invest via ISA in the year 20/21 allowance and sell the stocks in…
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S&S ISA - Diversify monthly amount (currently Vanguard Lifestyle 80% Equity)
Hi All, Currently investing £500 per month into Vanguard LS 80% Equity which is currently performing very well (worryingly so!) since I opened in Dec 2018. The plan is to increase my investments to £750 per month from June and then hopefully £1k per month from Jan 2022. 40 years old and looking for this to be a 20 year…
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Where to buy high interest and low risk income based funds
Anyone know where to buy in UK the following high interest rate, low risk funds: 1) PIMCO GIS Income Fund (USD) 2) BlackRock China Bond Fund (USD-H) Plus, does the interest received taxable in UK?
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Predictions for capital gains tax at next budget
Not sure if this has been discussed, but hearing capital gains tax could be raised to 40% April onwards, but also reading articles people trying to put Sunak off doing this.Interested to hear predications by the people on MoneySavingExpert. Are we going to see a 40% CGT rise or do you think he will hold back whilst we are…
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Charges versus investment returns - is it that simple?
If charges for investment B are 1% higher than for investment A, would investment B simply need to deliver returns more than 1% higher than investment A to make more money if the amount invested was the same?
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Daughters inheritance
My daughter has been left £75k by her grandma. She is coming up to 18 and it is to be invested in trust for her until she is 21. Both myself and my husband are trustees. Just looking for some advice really as to where to invest this currently. We are not really experienced in financial matters and are just looking for some…
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Advice please on investing quite a large sum
I started getting the Martin Lewis emails almost from the very start and have had good advice from my few posts but I’m really not sure where to post this question so have posted in a couple of places on the forum!I am 76, have been retired for 15 years, have carefully depleted my drawdown account to nil and now only have…
