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Monetary Gift
Hi There Hoping someone might be able to help out. My Father hasn't been well recently and wanted to give my brother, sister and myself quite a large sum of money to do what we please with. He is worried about us having to pay tax? Which is the best way for us to move the money. Plus where is best to keep it, at the minute…
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Principality Interest Rates Reduction
Got the dreaded email today Principality reducing interest rates from 2nd March :(
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Recommended Share Dealing App ?
Hi Not sure whether this is the right category but jus looking for any recommendations on a free share dealing app. My son did point me to Trading212 but due to loads of issues they are no accepting new customers. They are free commission etc Thanks a lot
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How are ILSC valuations calculated?
Does anybody know the formula for valuing an NSANDI ILSC? In other words, I can go to the website today and enter the relevant info and get a valuation. At some point tomorrow the CPI & RPI figures will be issued, the CPI INDEX (currently 109.2) and the RPI INDEX (currently 295.4) will be updated. Later tomorrow the…
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Invest or pay off house
Hi there I’m looking for some guidance on my next steps financially. I’m on a fortunate position to have a well payed job and have accumulated a good level of savings. I’ve recently been educating myself on investing and pensions and I am trying to figure out where to best put my savings and future income. Here are some…
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Recent experience with NS&I?
Hey guys, I'm fully aware NS&I have been a bit of a nightmare recently!.. I've only got premium bonds with then, but to secure some more cash their accounts would be usefull. Just wondering if anyone has any recent experience of them and if its improved somewhat of if its still dicey! E. G. The money I'd put on there might…
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Generation Home Deposit booster
I am asking this on behalf of a young family member who is saving hard for a deposit to buy a home. Has anyone used the Generation Home Deposit Booster account? Are they reliable and a good way to get family to help you save? thanks
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NS&i quickest way to fund P.B and direct saver acc.
Looking for a quick answer, my partner wishes to purchase £30,000 of P.B, she currently has a direct saver with NS&i. Am I correct in saying, using a debit card or a bank transfer both will take around 5 working days to clear so no quicker way to move the money? Second question: Do you think Halifax or Santander would have…
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Yorkshire Building Society
Hello all. My wife has had a regular saver with YBS for just over a year (2.5% @ £250/month) but due to branch opening hours and being key workers we didn’t have the opportunity to close this account until today. No problems with the closure, always found YBS branch staff to be excellent. My wife was told just prior to…
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Stocks & Shares ISA Management Charges
Hi all. I’ve recently been given advice from an IFA regarding investing a sum of £137,000 from my cash ISA into a Stocks & Shares ISA. I’m happy enough with the advice given and my risk factor taken into consideration but I think the charges involved seem a bit high and I’d like the opinion of you guys on it, if that’s ok.…
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Are the rules for tax any different if I use Contract for Difference to invest in US shares/EFTs?
I am a UK investor. This is a follow on from this question: https://forums.moneysavingexpert.com/discussion/comment/78069701#Comment_78069701 Are the rules for tax any different if I use Contract for Difference to invest in US shares/EFTs instead of dealing in the shares directly? If I use CFDs then I assume I would not…
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Principality BS Interest Rate Change 2nd March 2021
On 2nd March 2021 we will be changing the variable interest rates for Online Limited Access (all issues), Online Saver (without bonus), Online Saver Issue 3, Web Saver (Issues 1 to 6) and Web ISA (Issues 1 to 7) accounts. If you hold one or more of these accounts you should have received an email from us on 15th or 16th…
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Investment bonds?
EDIT: Problem solved, I was unaware about 'adjusted net income' I am getting very close to the 60% tax band, and in a couple of years I will go over it for sure (by about £15k), when I start to receive part of the teachers pension fund, and well over it (by about £29k) a year later when I receive the remaining TPS and…
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Which platform for holding US stocks in ISA?
I've been looking, but so far can't find anything I like the look of.I already have an iWeb account, and I'm basically looking for something similar - features I'm looking for in order of priority:- S&S ISA wrapper- US listed stocks- Platform accessible from Windows PC- Cheap (ideally, although as long as not overly…
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NS&I Premium Bonds Transfer Time to ISA?
I moved £50,000 from my ISA late last year over to NS&I Premium Bonds, If I understand it correctly, to keep my tax wrapper, I need to move the £50,000 of NS&I Premium Bonds back to my ISA before the 5th of April? I can then, on the 6th April, move them back into NS&I Premium Bonds. Does that sound correct? What my…
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State Bank Of India UK - Fixed Deposit Maturity - Feedback
I think a few people took out fixed deposits with SBIUK around 5 years ago ISA, maybe Non ISA, was wondering if anyone has feedback of experiences of how long took to receive maturity funds etc
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Moneybox
Does anyone use the moneybox app for their savings ? I have a substantial lump sum and wondered if it would be suitable as it currently has the best interest rates
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£20k to invest
Hi, I’m 57, retired and have a pot of cash (£20k) to invest. I’m in a house, (approx £350k) no mortgage. Have plenty of savings (maxed out on premium bonds and cash ISA’s) and a pension pot of around £1m (not gonna be used for at least another 4-5 years) So trying to find a way of investing this little nest egg but really…
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Passive Investing for a beginner
Hi Guys. Not expecting a full financial breakdown of what to do, more a sanity check on what i am doing. I have £1300 now invested in ETFs on a GIA on Freetrade. My general idea (i am new to this but it makes sense i think) was to start putting my savings into these on monthly basis as my savings accounts is giving me…
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What would you do with £250000?
What would you do with £250000 I have already, maxed out my premium bonds. I have a life time isa which I max out every year, for a pension. I have just started to max out my isa allowance each year, in stocks and shares. Any profit I make i use it as my income. (Tax free) I have a buy to let that I have just started to…
