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Child savings
Hi, I’ve got 2 children both with about £3000 each in savings. I also save their child maintenance each month (around £80 each). I’m confused with all the advice on child savings. What is my best option for this? The money is currently in a random bank account of mine. Please can someone advise me what’s best?
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NS&I maturity options
Hi, what are most people doing with their NS&I bonds? Is there anyone letting theirs roll over for another year? Mine matures in over a week's time, and I'm just thinking about what to do.
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Tembo - are they any good
I have never used just an online only account before and am looking at setting up a Tembo ISA to transfer my ISA across to, I am slightly nervous about an online only account and was wondering how people get on with the Tembo one? TIA
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Junior ISAs
This discussion was created from comments split from: Child savings.
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Data source for 2 year gilts
Is there an official data point for a 2 year gilt yield and how it is calculated? TMBMKGB-02Y seems to be the ticker (if that is the right term for a benchmark). Marketwatch currently shows 3.955%, but dividenddata shows the nearest dated gilts, TG27 and TR27, as yielding 3.807% and 3.778% respectively. Yieldgimp also…
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Buying index-linked gilts via Halifax Sharedealing - my 'interesting' experience.
As have been a few discussions recently about buying gilts, thought I'd share my first experience with buying an Index linked gilt via Halifax Sharedealing, as it might be of interest to someone. It was certainly more eventful than I had planned. My intention was to dip my toe in and buy £20k of TR50 - An index linked gilt…
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LBG Savings accounts
So today I got emails from Bank Of Scotland, Halifax & Lloyds saying they closing my account, telling me to check the app inbox, panicked thinking !!!!!!?, so checked, it's all to do with 9 savings accounts (across the group), I haven't used the past year & they all going to be closed in January next year unless I deposit…
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TREASURY 5.375% 31/01/2056 (T56)
Anyone tempted to lock in this seemingly high yield? I will be over 90 when it matures. 🤣🤣🤣
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Taxation of savings interest and dividends with other income just below the higher rate threshold.
I know that in the simple case, a standard rate taxpayer will have a £1,000 PSA to be deducted from savings interest before calculating tax on the rest; and a higher rate taxpayer will have a PSA of £500. The problem I have is in trying to understand what happens, if the interest (before applying the PSA) would take the…
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2024 - 2025 Tax Not Calculated
I logged into my HMRC account today and it says it can take up to October to calculate. Is that right? I'm not self employed and have an employer however I started earning interest from savings in 2024 so I'm wondering if that's the reason it's not yet available, or is this normal? I'm wanting to prevent being taxed extra…
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Selling commonwealth bank of Australia shares
Hi My late mother and (not late) father own some shares in the commonwealth bank of australia (ASX code CBA). Details are vague but they somehow came into ownership of these many years ago via a scheme offered by the teachers union they were both members of. For clarity my mum and dad are both UK residents and have only…
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Should I access LGPS at 55
Interested in people’s views on this. What are some of the reasons other than Tax to not take your LGPS at age 55 ? Has anyone done a calculation of how the reduced income and lump sum might perform in a SIPP (or savings account at 4.6%) for 12 yrs vs leaving it with the government for 12 more years ?
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Suggestions
Hey! My 2 kids (ages 16 and 17) have received £500 each from their aging great grandmother (handed to me). They already have a CTF which they are looking forward to accessing and spending! Rather than give them that £500 each which they will no doubt spend and waste - is there somewhere I can pay this amount into that…
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Interest on Savings, Allowance Understanding Required
Say i put £200,000 into a savings account that pays 4% .. I gather Tax is no longer taken off at source .. so £200,000 , Interest is £8,000 ( 4% Gross ) .. How much would i get 'Net' after my Personal allowance .. actual Net figure i would receive from £200,000 savings ( Inheritance ) ( I make it 3.2% after 20% Tax , but i…
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CSH2 ETF Alternative ETF?
Hi I have searched for an alternative to CSH2, but haven't been able to find one, specifically non-distributing ETF. I am looking at moving one of our SIPPS to Fidelity (just for IT / Admin resilience), but they still will not onboard CSH2 (for my cash/cash like holdings). I've looked at ERNS and it would suffice as an…
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Meetup groups
Does anyone use the Meetup app? If so, are there any local groups in your area covering the topics we discuss here and things like early retirement, tax efficient savings etc. I find these topics aren't really openly discussed and finance is a very secretive activity. I recently got chatting to someone at my squash club…
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Scottish Friendly ISA - Money Disappeared!!!
Hi, I'm really anxious about this, so I'm hoping someone can please give me some advice. I recently took voluntary redundancy from a position I had been in for a while and received a settlement. I used the money to pay off my credit card and a few other things, and transferred approximately half to my ISA with Scottish…
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Offshore savings
Hello. We lived in the Middle East for many years and whilst there we paid into an fp international savings plan. We have not paid into it since being back the last 7 years. The plan is now matured and ready to cash in. Do we need to pay tax on this
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savings
my family want to put about £4500 away for my niece without the parents knowledge. it would be paid to her at age 18 ( in12 years), what is the best and safest way to do this, any advice very gratefully received, thankyou
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Christmas / Holiday Club for a Group of people
Hi all Can anyone suggest or recommend a Christmas / Holiday Club for a Group of people We are currently with Lloyds Bank, who have notified us that they are closing our (current) trust account in December. We are looking for an alternative. We need to find an account, which can allow access throughout the year (should any…
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