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Increasing in CGT vs house sale?
I have family who are on the verge of selling a house. It's a second home. Unfortunately they've accepted a lower than ideal offer and it wasn't highly priced. The same type house was sold in 2018 for their asking price. The accepted offer is 9% less than this. When quizzed, the rationale behind accepting this low offer is…
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Help to Save
Hello i am in a two thoughts what to do. My family receive working tax credits only and entitled to get help to save account. But in a situation of having some saving due to a inheritance and can save ok each month. So do we get a help to save account or do we not as my thought is just because we are entitled to get one is…
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Savings v Investments
Many savers think investments are too risky, and many investors think having too much in cash risks losing out to inflation. My question is why do people with large amounts of excess cash (ie > 3 - 6 months emergency cash) choose to save and not to invest?
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2FA on Virgin Money Savings and Coventry BS
Is there any way of logging into either of Virgin Money Savings or Coventry Building Society without requiring a text or phone confirmation? I have savings and current accounts with several other banks and financial organisations but all these can be accessed without a 2FA confirmation. I recognise that some of these do…
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Risk factor investing with vanguard only
Hi Me and my wife recently moved our savings all across to vanguard directly online and invested in mixture of life strategy and retirement funds. Wife has around £145k in a sipp and then around £15k in a ISA. I have around £150k in sipp and then £60k isa also split between retirement and life strategy. Does it make sense…
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No-fee alternative to Halifax share dealing service?
For some years, I've had a few hundred quid's worth of shares with Halifax, which I am happy to leave sitting there, occasionally receiving a small dividend. From next April, Halifax will be charging an annual admin fee of £36, more than I have ever received in dividends, so where can I move my shares to avoid this fee? I…
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Bonus money: where to put it?
I’ve just had confirmation of my bonus for this year, £3,500 before tax. I keep going back and forward on what’s best to do with it, make it go the furthest. My father in law loaned me £7,500 towards buying our house, which I pay back at £200 a month interest free (upping to £250 come April payrise). Obviously giving this…
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Preparing for the Crash
If one believes, as do I, that an almighty stock market crash is coming, what is your opinion on the necessary defensive action? Sell equities obviously, with the intention of buying back later, but then what? Keep the cash in, er, cash? Suppose (say) AJBell or ii go bust, all but £85k of your cash would be lost. Buy…
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Fundsmith Equity
I was thinking of putting a few groats into Fundsmith Equity but found there were three variants - namely "I" "R" and "T". The returns shown are very slightly different for each variant, probably explained by the annual charge being 0.96%, 1.56% and 1.06% respectively. My initial thought would be to go with fund "I" just…
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SUPP
Still got some of this schroders public private trust remaining in my portfolio since the woodford debacle. Yes...i know! Tiny proportion of my portfolio. Anyone see anything of very long term value in its holdings? Or has all the 'good' stuff been sold off? I will probably sell and add to my global index tracker but…
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Murray Income MUT Call options in portfolio
Just been looking over the portfolios of a few income generating ITs, and in the Murray Income listing, they have a few companies which are shown as “Call” with a negative value: https://www.aberdeenstandard.com/docs?editionId=a472629e-34d7-46d3-84f7-5676f0ee524d&_ga=2.2540467.2020941381.1613774702-340512402.1613774702…
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SHARES
Shoujd I sell my Walmart shares now or wait six months.
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Fidelity to iWeb ISA fund transfer issue
Dear
all, I guess this is a combination of a cautionary note and advice
seeking. Apologies for the length of the post. In November last year I requested iWeb transfer of an ISA fund I
had with another provider (Fidelity) to the iWeb platform. On Jan 10th Fidelity finalised the transfer, and
confirmed this on my account…
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Topping up Premium Bonds?
I am about £15000 short of the maximum amount. I intend to add this £15000 near the end of this month So it is ready for the April draw. What happens if I hopefully win in March? Normally I have set it up to reinvest any winnings. Will it take in account the pending £15000 and just move any winnings to my appointed Bank…
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GIA Interest and Fees
I have a GIA that is cash. It earns a very low rate of interest, but there are also monthly fees. Obviously I need to pay tax on the interest (if it is above my limit). But I am wondering (probably wishful thinking) whether you can offset the interest by deducting the fees? Thanks
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Managing money
Hello everyone, I’m hoping for a little bit of advice on how to manage my finances. I’ve just received a pay rise working out to about £150 a month extra after tax and I’m not sure what to do with it for the best. Would you suggest something like a Plum account, Mortgage overpaying, a Stocks and shares ISA, Lifetime ISA…
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Strong pound effecting my foreign currency savings
Not sure it this is the correct forum but can't see a better place for this. https://www.standard.co.uk/business/markets/pound-sterling-brexit-euro-b472348.html Damn UK brexit success! I have what would normally be around £30K plus in a bank account in Hong Kong waiting for a decent exchange rate to move it to UK. (Hong…
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Investment for older people
Hi, my parents (in their early/mid 60s) have finally decided to become less suspicious and give stock and shares a go via an ISA wrapper. Thing is they're in their 60s, so I was looking at not like a 20 or 30 year timeline, but something will grow more than the current abysmal bank interest rates. They're open to a little…
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Robinhood and Pump and dump
https://www.bbc.co.uk/news/business-56116545 I am curious, how can you stop the masses investing in stock to drive up the price? Wall street and hedge funds do it all the time. IPO's, SPACS is quite rampant with it, ergo pump and dump. If brokers tells us what to invest and not to, that would set a dangerous precedent in…
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Capital Gains Tax on previous family home
My partner bought her long time family home around 1997 from the local council for about £30,000 and continued to live there for a further 10 years. I moved in for roughly the last 2 or 3 years of that. We then decided to let the property when we moved out. We took out a buy to let mortgage for £60,000 to offset part of…
