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Reducing HMRC Payments on Account
A quick bit of background: Having filed my Self-Assessment Tax Return for TY24/25 last May, I am faced with a Self Assessment 'Payment Due' of approx £3000, of which £2000 is income tax for TY24/25 and the remaining £1000 being the first payment on account for TY25/26. A further £1000 'payment on account' is due by 31 Jul…
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How to choose a savings account
In 3 months time I will be coming to the end of my DMP (Very proud to have paid off 34k of debt) As I have become used to paying nearly 700 a month to my DMP. I don't want to just blow this money each month once I have finished my DMP. I have never had a savings account really. I think I might like like to distribute my…
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Long lost shares
I need help in tracing some shares i bought with a company i worked for way back in the early 1990's They were called Franklin Quest back then and more recently Franklin Covey according to companies house. Originally the company was from Salt lake city USA and had a small branch here in the UK i worked for. I have no…
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Looking for savings advice.
Hi all, new to the forum so please be gentle. My wife and I both receive the new state pension and our financial situation has changed recently due to inheritance. Currently, we own our own house, no mortage and no debt of any kind. We have a second home through the inheritance which is up for sale. Intention is to sell…
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US Markets Risk
Morningstar articles about investing tend to be informative rather than fluff pieces, many are an excellent trove of information. Below is an article that attempts to quantify the risk in US markets currently, supported by understandable metrics. (see the graphic entitled, Market Themometer). "I like this chart because it…
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Recognise Bank
I can't keep up with the list of unheard of banks on the savings league table as they change every few days, lol. My money matured this morning from Aldermore so I need to put it with another bank and now a new bank has come into the league table called "Recognise Bank". Not seen any posts on here for this bank when I put…
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UBL UK bank
Anyone got an account with this bank and can comment on your experience? They are in the top 12 months fixed rate savings account on the savings section.
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Trading 212 funds - Updated with portfolio thoughts
I am considering transferring a (currently managed) S&S ISA to Trading 212 as they don’t seem to have any charges and I have a cash ISA with them, however I am struggling to find a list of ETFs they offer to decide if they are right for me. Does anyone have a link or some insight they can offer? I am primarily looking for…
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Top slicing relief on Investment bond
Can anyone advise on the tax due on a £60k chargeable event gain from an international investment bond (tax not paid) that's been held for 22 full years. No other income in the tax year. I understood that starting rate for savings and personal savings allowance are recalculated based on the sliced gain so should still be…
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Best way to maximise interest on £10k savings
Hi, I have £10,000 that I'm happy to lock away for 2 years but I don't know which type of account is the best way to do this. I am a higher rate tax payer so need to be careful not to go over the threshold of £500 interest. I know some pay interest annually and some pay on maturity so this is vital not to go over. I won't…
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Euro Savings Account
Does anyone have any knowledge of €uro accounts that actually pay any interest, any as in more than 1%. I opened one sometime ago with Lloyds International the original interest being 2.65% it has since plummeted to 0.25% hardly worth it. Makes me wonder whether it might make more sense to transfer into £ pay whatever…
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Santander Edge 6.00% Saver
I have just received a secure message in my Santander online and app as follows. The interest rate on your Santander Edge Saver will go down to 3.50% AER /3.45% gross (variable) after the first 12 months on 5 January 2026. I know that the underlying rate of 4.00% is variable and that the bonus rate lasts for 12 months.…
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best place to put £100 per month
My son pays rent of £100 per month to me as he now works. I;d like to put this into a savings account for him but without his knowledge so that it can help with a deposit when he moves out. Where would be the best place for me to put the money?
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Money Market Fund (MMF) type ETFs - CSH2, XSTR and now GBPO & GONS
There appears to be a couple of new accumulating SONIA tracking ETFs launched in the last year from UBS and Invesco according to JustETF. UBS GBP Overnight Rate SF UCITS ETF GBP acc, IE000WNEYKM1, GBPO, TER 0.05% Invesco GBP Overnight Return Swap UCITS ETF Acc, IE0006N7AK90, GONS, TER 0.1% In common with CSH2 they appear…
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My Community Bank savings question
My Community Bank savings account has recently matured and its automatically transferred to a Castle Community Bank account. I am trying to withdraw the money from this new account as the interest rate is much lower, but for the life of me I can’t find a way to withdraw my money! There are no options. I’m being thick but…
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letter from unknown wealth manager
Not sure if I can share names, so haven't … I have today received a letter from a wealth manager regarding their change in ownership. I have no idea who these people are. I'm assuming it's related to a stocks and shares ISA opened a long time ago. I thought I had previously removed a fee earning agent from this ISA.…
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Royal Mail Shares
Has anyone been paid out for their Royal Mail Shares ? I didn't reply to the initial communication as I couldn't find my share certificates. It did say that a reply was not essential. I received a form to claim 'my payout', as a 'dissenter' some time later. I could not locate all certificates, but again, it said this was…
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General Investment account - Do I NEED to use the full CGT allowance?
I'm due to be inheriting some money soon and I have been researching GIAs, as the ISA and SIPP will have already been filled to the maximum allowed for the current tax year. I have found that to utilise my full CGT tax-free allowance, I would have to sell £39,000 worth of shares to realise a gain of £3,000 for the…
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Frightened of Unusual Banks recommended on mse? Are they safe?
Good Morning I look at mse best buys regularly. I want a 5 year fixed rate and hampshire trust bank comes up on the site. I know it is fscs authorised. However in the past, i opened up a Marcus account, but half way through found myself terrified and didnt end up funding it, in case it was not ‘the real Marcus’, or incase…
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Moving savings between a non financially linked couple
Hi Been saving for a mortgage (forever) with partner and we have a decent amount of savings. Partner had pay increase that’s pushed him into higher tax bracket. I’m a basic tax payer. 90% of savings are in his name, just because we’ve always used his for savings and mine for spending. In hindsight, this was not the best…
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