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Interest calculations check
Someone recently suggested that I should work out whether it would be better value to spend a given amount of money on a 12 month regular saver, a 12 month fixed account, or paying that amount off the mortgage. Sample interest rates and values used. For Reg Saver - funds start completely in the current account at month…
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Reporting of interest to HMRC - is it done as a whole per institution or per account?
Hi everyone I’m trying to find if interest gets reported as a whole per institution or if they send the detail of every account. So for instance, would it be: Customer X National insurance number Barclays: total gross interest £100 or Customer X National insurance number Barclays Account 1 £20 Barclays Account 2 £30…
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Savings instant access
Looking at other posts it seems the West Brom BS Four Access Saver Issue 3 now has the best rates for instant access? Currently have savings with Chase but looking to move. I like chase as the customer service is good but need to try and get better savings rates. Is there any known problems with West Brom like poor…
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Sector performance data
Can I
please check something about graphs showing sector performance compared to
index funds. Is the sector (eg IA Global) the performance of all funds – or maybe
just actively managed funds? – in the sector? And if so, does the gap between
the sector and an index fund show the underperformance of actively managed
funds…
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iWeb are moving to Scottish Widows
As the title says, the iWeb system will be moving to Scottish Widows later this year. The S&S ISA and Share Dealing Account will still be free of account charges and have a £5 dealing commission. There will be an option for free regular investing. There will also be an app! It all seems like good news. More details…
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HMRC SA and transfer of MArried Allowance
Hi, I don't think this is necessarily the right forum for this, but wasnt sure where would be better as I know many on here are very knowledgibla. My wife has transferred 10% of her zero rated tax allowance (Married Allowance). This was set up a year or two ago and has worked so far (with a but of help from HMRC). I did my…
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App to track all accounts and imvsstments?
Does anyone know an app that tracks all savings and investments? I need one that covers everything. In my case that's accounts with a couple of big high street banks (no problem, covered in the app I have downloaded, Snoop), several building society accounts (which don't seem to be, at least in the free version) plus a few…
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Zopa Pots 7-day boosted rate
I keep some small bits and bobs of money in Zopa's 7-day boosted pots. I'm not sure when they've changed the rates, but I'd have to say now, boosted from what? Given that the Primary easy access account is 3.5%, the 7 day boosted rate is 3.33%.
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Flexi ISA vs savings
Currently my Flexi cash ISA (£1000) pays 3.9% and a savings account pays 5% I am a basic tax payer, would it be better to move the Flexi ISA to the 5% savings account ? Is one of the ways to work it out: 5 % - 3.9 % = 1.1% 1.1% x £1000 Flexi ISA = Interest earned Interest earned - (Interest earned x 20% tax) then choose…
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How to invest an inheritance
I'm 58, single and plan to go back to work after a carer break. I am about to wipe out my savings but secure my housing by buying a property, but I expect to receive an inheritance which replaces the savings. I will keep an emergency fund in my bank, so will have about 80K to invest. I put 20K into my cash ISA in April -…
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Moving Savings, maximising returns.
I'm thinking of moving my £40k currently in a Trading 212 cash Isa elsewhere now interest rates have dropped. I am retired with a £13k a year pension, state pension a long way off. Am I right in thinking that I can earn up to £4k in savings interest before it is taxed so I don't necessarily need an ISA?
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Savings Account
Hi. We are in the process of selling our house and there will be a gap of 4-6 weeks before we move in. We will have around £250,000 to bank for that iinterim period and I was wondering: a) Do we need to split the amount into separate accounts? or b)Put it into one account to gain the maximum interest over a short period.…
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BBGI Corporate takeover - possible loss of entire value of shareholding?
My wife and I owned shares in BBGI Infrastructure, on the Interactive Investor platform. The shares were spread between two ISA's and a SIPP. Following a takeover bid for BBGI a couple of months ago, we were asked to respond to a corporate action notice by choosing one of the following options: "OPTION 1: Do nothing…
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On your marks, get set... reduce rates
Which savings institution was first to email you about a savings rate reduction? 4.39pm. Tandem Bank, 14 days' notice of 0.25% reduction.
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Nvidia 2013 - 2025
Since 2013 it's up 57,465%, that's 69.7% per year on average 🤨😵💫🤯 But I feel like the company is surely running out of runway. I mean at $4.4trillion market cap even a 100% return from here is putting it close to $10trillion market cap. But I feel like we're living in a world where money isn't actually real any more so…
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Investment Advice Please
Hello all, I'm after some ideas on how I can invest my savings to get back a minimum of 8% P/A. My money is currently all over the place, and I need a new investment strategy. I'm tempted to pay for a financial advisor but wanted to get some input from you all first. My goal is to not have to work in around 10 years and I…
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Ascot Lloyd and Avellemy (now Ascot Lloyd)
Hello all, I have my investments with Fidelity, through my IFA - Ascot Lloyd. The vast majority of my investments are through funds under the Avellemy name. I notice that Ascot Lloyd have now bought out Avellemy and the funds have been renamed - e.g. IFSL Ascot Lloyd 5 C Income (Restricted Fund) replaces the old Avellemy…
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help - selling shares under the CGT allowance
hello, sorry if this is a daft question, but can only seem to be finding out information if their is a capital gain to be paid (or a loss declared). I am assisting mum sell some old shares she had, and looking at the prices paid for them and the increase, the gain will be below the £3,000 capital gains threshold, as such,…
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Transferring shares from SAYE sharesave scheme to wife's ISA?
What’s the actual process to transfer share certificates to a spouse? Can I just give them to a spouse for them to deposit them into their own S&S ISA? The share certificates will be from a SAYE/shareshave scheme - managed by Equiniti. The S&S ISA will be provided by IWeb.
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Investing using Trading 212
I listened to Martin's investment podcast and have decided to give it a go. My savings are currently in a Trading212 cash ISA (£23,000), and so I've decided to use Trading212 over Vanguard for ease and simplicity. First of all, would you recommend opening a Stocks ISA, Invest or CFD account? I'm thinking of investing…
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