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Source of Funds Legislation - It's a Mess
Evening All, Currently got hit by a source of funds demand by Vanquis bank in the UK. It's a large deposit so no surprise. They sent a leaflet explaining the documents I need to send over. Attached. I trigger 9 of the sources and need to go back 15 years. https://i.ibb.co/2y8Csp2/proof.jpg Legislation as it stands leaves…
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Gilt accrued interest calculation in ex-dividend period
Hi all I bought TR63 government bond on 18th of October 2023. This purchase was within the ex-dividend period of the bond - ex-dividend date was the 12th October, coupon payment date was the 23rd October. (The bond pays interest in May and October) Subsequently I wasn't entitled to the coupon payment on 23rd October which…
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£50K Emergency Fund - where best to put it?
Hi there, I have saved a £50k emergency fund, and was wondering where you would recommend to keep this? I am open to splitting this into different “pots”. It is all currently in an ISA earning around 4.7%.
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Old Asda ShareSave
Hi. I wonder if anyone can help me. I used to work for Asda and in 2014 I joined the Sharesave scheme. I had completely forgotten about it until I was sorting through a box of old paperwork and came across a statement. Right now, the money would be incredibly useful but, despite having called the number on the certificate,…
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£130k to Invest
I've been pointed to this forum by another thread in the savings and investments forum, hope you can help. I mentioned the likes of First Direct, Skipton BS, Co-Op bank offering 7% which piqued my interest. My situation.....................the completion on the sale of my 90 years old fathers house is due by the end of…
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Savings interest as only income
If someones only income is from interest on savings, do they have to pay tax if the total interest received p.a. is below the ~£12k that PAYE is paid above?
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FSCS protection - inheritance/house sale question
We will soon complete on a house sale of an inherited property. The proceeds from the sale will go directly into a joint current account held by the two beneficiaries/executors - my partner and her brother. The amount will be well above the £85k protected level, so... 1. Will the money paid directly as a result of the…
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NS&I Account Query
I have an NS&I account with £10k in premium bonds and £40k in the recent green bond issue, £50k in total. Am I still able to purchase £40k of premium bonds, I'm assuming the £40k in green bonds is separate.
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Where to put money from UK house sale, living and hoping to buy in France
I'm selling my house in the UK, but I live in France (temporary card to remain). Its around £250k I'm looking to buy somewhere here so might need to access it after 4/5 months I could feasibly keep up to 40k in a savings account for a longer time. Do you know what my options might be? I'm unsure as I'm not living in the UK…
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Anybody got a Cynergy savings account? Any issues?
Hi there. I'm thinking of getting a Cynergy savings account - the one at 5.1%. What are people's experience of this bank? I've never heard of them before! Are they "safe"? Any good? Any issues I need to be aware of? Thanks!
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Tapping into 9% South African savings rates
On holiday in South Africa a few weeks ago, I spotted adverts for instant access savings accounts offering interest rates as high as 9% pa. I've looked at the terms and conditions for several accounts but it's unclear whether they're open to customers from outside SA, and the email enquiry I sent to one bank - Nedbank -…
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Legal and General Tech fund vs individual shares .
I currently have around 10% of my S&S isa in legal &General global tech index , done well over the last couple of years but would I be better off in regards to fees buying the top holding stocks individually ? I would be looking to use possibly my full next year allowance .. Thanks
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Nationwide Start to Save - have you heard you've won?
Anyone? not us for sure :( time to withdraw the funds?
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When Do I get the Interest?
I opened a BoS regular savings account on 23rd March 2023 and paid in the final £250 on 26th Feb 2024. When will the interest be paid so I can withdraw the £3000 plus interest?
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Nube question on the payment of tax on interest on savings in bank accounts
Hello everyone: This is probably a very simple question but I guess like all things, if you don't know the answer, it isn't that simple! I currently have some savings stored in an instant access, no penalty savings account with a high street bank. The bank has stipulated that they do not deduct tax from interest at source…
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Certificated shares - is it possible to divide and sell by end of March?
Hi, I have a small certificated shareholding which I wish to sell - however the gain will be above the CGT allowance of £6000 (I've been holding them a very, very long time). I want to double the CGT-free allowance by transfering half of them to my wife, then we can both sell. I thought X-O would be good for the selling.…
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Trading Platforms and Tax Relief
Pretty sure the answer is no but worth asking as I can't find a definitive answer on google. If you have lost money on investments through trading platforms such as Etoro, Trading212 etc, can you claim any income tax relief on any of the losses?
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NS&I one time code problems
Anyone else having log in problems with receiving on time authentication code. I only have mobile not landline but tried logging in numerous times yesterday and today but don’t receive six digit verification code this has always worked in the past . Spoke to them at length yesterday and they assured me that putting in the…
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Budget predictions / discussion
Seems a fairly low-key buildup. There's some chat about reducing Income Tax. IMO the focus should be increasing some of the many frozen thresholds. Those are brutal after at least 30% inflation
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£40k to invest
I have £40k to invest. I have had this in savings for a while, but want to invest it so I will get a better return. I also have a stocks and shares ISA. The company I was with sold out to a larger one and they have my money sitting 'as cash until I tell them what to invest it in'. Any advice would be greatly appreciated.
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