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Costs when withdrawing
O am quite new to investments and have recently opened up a Vanguard account, at the moment I have a little over £1000 in there as i have been looking to put around £150 a month in it while I tried it out. I am now about to be mortgage free and as such will be around £1400 a month better off, i am looking to ramp up my…
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My future S&S LISA plan and help on portfolio
Hello! I have decided to open an S&S LISA (I have a cash one already and plan to open this new one in April) and want to invest that money in hopes for it to grow for my first house and potentially retirement. I only started looking at investing recently (past 3ish months so I'm still a newbie) and just would love some…
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NS&I web site Down?
I sat in a queue for about 5 minutes, then when I got to the front of the queue, I got a connection failed error. Now just getting a timeout every time.
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Best platform for one-off US share purchase?
Hi everyone, I've tried searching but can't really find an answer to my question so thought I'd just start a thread. I already have savings and a S&S ISA etc., but I also want to literally purchase 1 -2 shares as a one off in a particular American company. This would be something that I'd hold on to for a longer term thing…
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Don'y think I'm making best of my savings/investments set up
Hello all and thank you for reading. Can anyone advise on how to make my savings work best for me. I want to keep a cash emergency fund and also don’t want all my money tied up and inaccessible, but I know I need to do some restructuring. I think I need to transfer some cash into my pension but I am not sure how much. Age:…
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Atom Bank reluctant to release funds
My wife has an account and decided to withdraw the funds, Atom are making it very difficult and seems to be going beyond the normal security hurdles. Atom wanted a copy of a recent bank account statement which we sent. The statement is addressed to me but shows clearly that the account is joint. Atom are now saying there…
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What to do with my inheritance
Hello! I'm hoping someone here will be able to give me some advice. I'm due to get around £80000 in inheritance soon and as I've never had a sum of money like this before, I'd like some advice on what to do with it. Here are my current thoughts: Pay off a loan used to buy a car (£8000) as I think that paying the interest…
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Pay off mortgage or invest??
I have £39,000 in a low interest cash ISA. Should I use this to pay off mortgage and reduce monthly payment or should I invest in a higher interest savings account? My mortgage still has 18 years to run. I could save approximately £200 a month by paying money off mortgage so I could maybe reinvest this. I’m reluctant to go…
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Working out the ETF premium/discount factor
Hey guys, I have read that ETFs also trade at premiums or discounts, just like Investment Trusts. However, unlike Investment Trusts where this is made very clear on investing platforms/trustnet and the like it doesn't seem to be obvious anywhere for ETFs. Purely as an example I looked to this…
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Children's savings for university
Hi My daughter who is 16 and my son who is 14 would both currently Iike to attend university after they have done 6th form. Me and my wife both decided that we would prefer for them to take advantage of the student loan to pay for any fee's and then we would help with accommodation costs. We want to start saving for the…
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First save bond renewal rates
Sign of the times and all that but I've a 7 year bond maturity coming up with a rate of 3.5%. The loyalty bond rates being offered are 0.8% (1 year) and 0.95% (2 year) just incase others are coming up too.
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How do fraudsters get away with it?
I was reading about the ex-lawyer who was scammed out of 200k+ by being persuaded to transfer money out of her bank account. The article said about £1m is lost through fraud every day. I don't understand how the people who receive the funds get away with it. The last time I opened a bank account I had to jump through hoops…
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SIPP ?
HI,I earn ~£54k, 52yr old 10% into company pension extra £6k into AVCs before tax no mortgage or debts£30k emergency pot in a Cash ISA & a small S&S ISA I am trying to work out if to start a SIPP which I could do with my current S&S provider. I know I would get the 20% tax relief via the provider. Would I still be eligible…
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S&S LISA, good idea to invest in two separate funds, or is that self-defeating?
Apologies if this has been asked before, I tried to use the
search function but it was a nightmare. I've opened a S&S LISA. Deposited £4k in it but not chosen where to invest
yet. I was just going to stick with good ol' Vanguard LS (leaning towards 60%),
however I'm not completely comfortable with how overexposed this fund…
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All World Trackers - High Risk? - I Don't Think So
It seems that most view all world tracker funds as high risk, but are they really? History tells us that up there have been times where you could lose money up to a 13 year period (worst case scenario), but I would argue that unless a global catastrophe (in which case you would not care about the money) this is unlikely to…
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Advice on trading platform
As,savings rates are low,and I’m looking at a ten year view I have decided to invest in the markets. Longer term, even if there is a dip, I should be okay. so I am going vanguard for,the stocks and shares isa but I am struggling for,a trader for,shares. Freetrade I’ve looked at but they have a shocking reputation at the…
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Technical question of lump sum pension contribution
I'm planning to make a lump sum pension contribution soon to top up my pension account. The payment would be approximately £70,000, for the allowance of this tax year and the year before. A couple of technical question please: 1) As a 40% taxpayer, I am aware that I can claim extra 20% tax relief for £40,000 during the tax…
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Start a transfer out of a S&S ISA first week of March?
I will transfer out of Vanguard's platform to IWeb shortly now we are approaching the end of the financial year. IWeb states the process will take approximately 8-10 weeks. Is this usually the case from other people's experience? By my calculation, the process should be complete roughly by the end of April/beginning of…
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Rampant inflation, what do i do?
My partner and i have 56k in savings. In a range of easy access and one year bonds. We don't plan to spend this any time soon. What shall we do about inflation? Should we look to spend or invest it? or use it to put down on the mortgage?
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Understanding Capital Gains Tax Thresholds
So from reading on the .gov and various other websites my understanding is that if my overall income (all employments + realised capital gains) is above £50k I will have to pay 20% capital gains tax on all realised capital gains apart from the £12,300 allowance. Is this correct or would I only pay 10% up to £50k overall…
