-
To use regular savers or not
Confused and can't get my head around whether regular savers accounts are an option for me... I have savings - over £30k What i can't understand is whether i am better having this in an easy access account paying a decent rate, or moving some into regular savers accounts? Surely a decent amount is better altogether earning…
-
Great British Invest off or Passive V Active Updates
For those who are curious to compare their Passive or Active investment strategies I'm starting a new thread today with monthly updates (Bottom lines only in £). For details see https://forums.moneysavingexpert.com/discussion/5719517/great-british-invest-off-or-passive-v-active-discussion Monthly updates on portfolio…
-
Unit trust transfer to grandchildren
I have 4 grandchildren (ages 9,17,19,21) and I’d like to transfer ownership of these Unit trusts to my grandchildren- this I can do for the 19 and 21 year old but not the other two. Should I transfer the Unit Trusts to my daughter (high tax payer) or find some other way to pass the money to my other two grandchildren?
-
Reporting Savings interest to HMRC
We have savings interest more than the £1K allowance (20% marginal taxpayer) and we need to report this to HMRC (or at least make sure they have the information). Is there any way to do this online or if not how do we do this? (we don't do self assessement forms normally).
-
PCLS and Cancellation Rights
The FCA has aligned itself with HMRC's view that cancellation rights do not apply to a Pension Commencement Lump Sum. Thus anyone who plans to take the lump sum in anticipation of its reduction or removal in the next budget then return it under a 30-day cooling off period are forewarned that they can't.…
-
Free shares from a building society.
A long time ago I was given 400 free non cumulative preference shares from a building society and then they merged with Lloyds and they became Lloyds non cumulative preference shares. I was sent a notice of redemption last year and received £412.95 from the redemption. Do I need to declare any of this for capital gains tax…
-
Unable to obtain BBSI figures from HMRC
I have many savings accounts. I frequently open and close accounts and move cash around to obtain the best interest rates. That makes it very difficult to keep track of the interest despite using an Excel spreadsheet. I need to complete a Self Assessment return for 2024/25. I wrote to HMRC at the beginning of September…
-
Spring from Paragon
Hi all, strange one, a few days ago I chose Spring ( from Paragon Bank) to start a savings account , chosen based on rate (4.3% easy access) , access, and a good app, I got it from MSE , however just checking what else is out there and searching today I cannot find it anywhere, or indeed on other sites, any ideas? thanks
-
Need to move funds
Hi, I have 3 weeks left until the chase boosted rate ends. I need to move the funds into another high interest account for a month whilst I hope chase send me another boosted offer. Any recommendations please? I did try Chip but then found out it's just 3 withdrawals per year. Thanks
-
Buying and selling on T212 without limit
I've recently sold about £40k worth of Amundi Global Tracker on T212 and set a limit slightly above current sell price. It is selling in dribs and drabs, about 30k sold in 24hrs, in about 14 chunks of differing amounts..... I also bought 40k worth of VHYL at best which went through immediately in two chunks of slightly…
-
Investment Bond Captial Gains Tax query
I urgently need advice on capital gains tax for my joint share of a £130,000 Pru investment bond, which needs to be liquidated after my house sale now I am divorced. I'm a low earner (£25k/year) with two children, and this money is crucial for my new home, as agreed in my divorce. I also have an IVA of £30k which I am…
-
Kent Reliance Isa transfer to Zopa
The letter from KR advising maturity instructions took over 6 days to arrive after being sent on 15 September, and I only opened it after we got home from holiday on Sunday. It matured yesterday into another 2 year fix, at 4%. I'm thinking the easiest place to shift it would be Zopa as I have a smart save account and an…
-
Ford Money Flexible Saver Recent Interest Rates
Received an email notification that the interest rate on my Ford Money Flexible Saver will reduce from 4.18% to 4.04% wef 14:10:25. Although it shows as 4.18% online, my records show the last change as reducing from 4.35% to 4.27% wef 11:08:25 (the same date when the ISA did indeed reduce to 4.18%). Fired off a secure…
-
Tradingn212 ISA moving between Cash and S&S ISA's
I put 10k into a cash isa with t212 last year. This year I added a further 20k. Then I moved the 30k from the cash isa into a t212 s&s isa. Its now worth 33k. Can I move the whole 33k back into the cash isa without tax inssues??? Or what?
-
Cost effective way of selling LBG shares
I'm currently doing some housekeeping on finances and have the following query: I hold a small number of LBG shares held with Equiniti (around £120). My understanding is that they would charge a minimum of £45 to sell these, which seems disproportionate. Does anyone have a view on the most cost effective way to sell these?…
-
Shares bought many years ago .. I don't know details
I bought shares many years ago, in a firm called IDOX Trouble is, I no longer know the details of where I even bought them from. How would i go about finding out and perhaps getting some money :) thank you
-
1965 and 1982 Holdings
Hi, I am helping my elderly mother sort out Capital Gains implication on selling some shares that she bought back in 1962: I understand that their were two 'Make Up' events in April 1965 and April 1982 but it has been very difficult trying to find out any information about them (including on government websites, where most…
-
Closest trad fund equivalent to HMWO
So... someone (not me) needs to get out of ETFs (it's a very valid reason but not one I can go into here) and needs an equivalent to HMWO, that they currently hold. Is there a slam dunk equivalent that they can use in the trad fund space?
-
Tax on interest. Do I get the PSA?
I've retired and got about £9,000 from work before doing so this tax year. I'll already get the Personal Allowance of £12,570 tax free earnings, so any interest up to that will be tax free. Since I earnt below the £12,570 this tax year from non-interest earnings I think I get the additional £5,000 Starting Savings Rate.…
-
NS&I: Premium Bonds - older than 1990s
Hello there I am the fortunate owner of £5 of Premium Bonds acquired within a year of my birthday circa 50 years ago! Woo hoo! I hear you cry: a whole £5. Well, yes, if adjusted for subsequent inflation (which painfully it is not) it would have been worth £33.89 in July 2025 according to the Bank of England's inflation…
Have a savings question you're keen to discuss? Here is where posts around ISAs and tax-free savings live.
21.2K discussions
160.4K comments
Most recent: Child trust fund and JISA by xylophone
Today at 10:12PM
