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What next.
Dear all, I need some advice on how to save for the future. Bit of background. Early 40s. Planning to retire at 65. Currently combined family income of £130k. NHS permanent jobs. Both me and wife have SIPP and employers pension. 2 children 4 and 8. No debt of any kind. Our current monthly outgoing is approx £1100. I would…
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Post office Direct Debits ceasing 1st March
What is best practice? I have a few DD`s (small amounts) which will automatically be cancelled by the PO on 1st March. Should I cancel the various bank current account DD mandates. I will be closing the PO online savers to which these small amounts were going to. In view of the poor interest rates PO savings accounts are…
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23 year old with £10,000…
My Son has £10,000 to invest. Lives at home with us, minimal outgoings, no debt. Where would be the best place to put this money for long term? Doesn’t want high risk. Thanks I’m advance
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Where to save/invest £15k for 16 year old and £25k for 21 year old?
My 16 year old has £15k to save or invest and my 21 year old has £25k. They've asked me for some help and I've been Googling fixed rate accounts, bonds, ISAs - where would you put it in terms of the mix of products? I've noticed that the best (relatively!) rates for fixed interest savings accounts are only for over 18's.…
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PensionBee
OK slightly reworded, please see below IVE ALSO POSTED ON THE PENSIONS BOARD OK Folks reworded question This fund below, is offered by Pension Bee, as geared up to someone wanting a less volatile fund during retirement. What are your views on this type of fund please? BlackRock Life LifePath 2025-2027 Class O ACCU GBP
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Trustnet Portfolio Login Problems
Good Morning, Has anyone else been experiencing Login problems with their Trustnet portfolio (it comes up with an invalid SSL certificate - but all other areas on the website seem to work)?
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SIPP how to avoid LTA
I thought that it was possible to withdraw income from a SIPP well in excess of the £1.07m limit, without exceeding the LTA by planning ahead as follows. If your SIPP looks like it could exceed £1.07m in the future with gains and/or contributions, crystallise it all before getting close by taking a 25% lump sum. The 75%…
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Higher rate tax paper & Child benefits
hello all, so I've managed to secure a pay rise which will be 50k salary plus overtime paid at an hourly rate. I expect to earn 52,500.00 per year roughly, meaning I'll need to pay 40% on the 2500 but also meaning I will have to pay back some of the child benefits we receive. however as I pay 5% into my pension this means…
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Trading212 not allowing new accounts
What is the next best option for someone trading infrequently very small amounts. Basically I had a few shares many years ago but I am inexperienced and want to have a go again with small amounts. Unfortunately the S&S Isa I have has funds and trackers etc. not specific shares. Which is fine for the majority of what I…
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Savings strategy for final 10 years of working life
Hi All: I am in my 50s and notionally have 10 years left of my working life as I'd like to retire at some point before I'm 65. I'm married. The mortgage is paid off. The kids have all been thru university. I'm now very, very lucky that I'm earning a comfortable wage. I am, however, unsure how to proceed with maximising…
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iWeb no longer charging commission for international trades
I got an email from iWeb. It says:"We have made some updates to the cost of online international trading. The pricing structure on our international trading has changed and we no longer charge dealing commission for international trades completed online. Commission is still payable for international trades completed over…
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S&S ISA platform Funds, Shares, ETF, IT
Hi All, I have ~40K cash in a saving account with 0.1% interest. I want to invest them into a S&S ISA but need some inputs on 1. what best funds to opt for 2. which platform to choose. I want to be able to buy funds, shares, ETF, IT with minimum overall cost (i.e. platform charge + dealing charge, fund mgmt charge i…
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Apc
People's thoughts please... I'm 36. Should I buy extra local government pension (up to £7300 per year of extra pension) by handing over 50% of my savings as a lump sum. Thank you in advance for any responses given
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Verifying identity for savings account
This discussion was created from comments split from: Credit Club Login.
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Lowland Investment Trust
Anyone any thoughts on this IT going forward. Good yield but capital appreciation been rubbish over 5 years plus.
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Advice please. iii has just dumped £400 backdated charges on an ISA we asked to be closed
We just got a bill for backdated charges on an ISA my wife thought she had closed 40 months ago. She closed this on the phone at the time when they were chasing up payment as she had not realised there was a monthly charge on the account. It was the monthly charge that made her request the account to be closed as she had…
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ideas? Guidance?
Full disclosure, this is also posted verbatim in Pensions / retirement: (sorry if that is bad practice) I am 41, full time employed salary c £75k. Mid 2021 I took VR from my job of 15 years. Since then I've been a deferred member of the company pension scheme, with about £150k in my pot (DC). I was a "good leaver" so am…
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Best low cost drawdown providers
Looking to transfer wife's Pru with profits pension to a drawdown to release the 25% tfls in order to help our son with a house deposit. Any recommendations for a low cost provider?
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When the ARKK Is Full - Why most money floods into assets at inopportune times.
Picked this up from a discussion on Citywire, and thought it made for an interesting read that has lessons for many of us. https://www.youngmoney.co/p/arkk-full
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Cash Gift
My father send me a cheque for £7000 in July 2021. He passed away in August 2021 and I have been handed a further cheque for £12000 from his inheritance (February 2022) . Do I need to declare this to the tax office, I am currently retired on £5000 a year and do not receive any other income. My understanding in that the…
