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Ulster Savings
Hi, I have opened an account with them as they offer 4.5%. I've just gone for a savings account and not a current account. Since then, I've been reading a few horror stories online, such as being unable to close the account, interest not being paid, unable to transfer funds to a non Ulster account. Does Ulster just work…
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Best savings account with POA
I have power of attorney over my Mum's accounts. I have £85,000 in the Coventry and Nationwide high interest accounts respectively which have come to an end. I need to transfer to other savings accounts which accept power of attorney. Any recommendations gratefully received!
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5-10 Year Recommendation
What are people's recommendations for a provider and fund for a S&S ISA that has low fees and only needs to try and match inflation over a 5-10 Yr Period. Thanks
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Silver - anyone investing currently? Advice welcome.
I started to buy some Gold Britannias last year, more as a fall back store of wealth if my mainly ISA cash savings collapsed or got majorly hammered due to fiat currency issues, inflationary issues, etc. At the moment these represent maybe 5% of my total 'savings'. While each gold coin has markedly improved in value (or is…
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Cahoot Sunny Day Saver/Simple Saver/Fixed Rate Bonds - Upgrade Available
When I logged into Cahoot the other day, I noticed an upgrade link on my accounts page which I've not seen before. My Sunny Day Saver (interest rate 4.75%) was due to end on the 31st and I was able to upgrade to the latest issue which is 5% so it's possible it's not there all the time, maybe just when an account…
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Selling silver - capital gains tax when no idea about "purchase costs"?
I have some silver bars that have been held for many generations and simply kept in the loft as it is passed down the generations. I plan to sell it soon but I am wondering how the tax for the capital gains is handled in situaitons like mine where its simply been passed down, no original purchase price is known at all etc?
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Strategy for bridging gap to pension
My wife and I (both 52) have a current plan to stop working at 57, use savings for five years, draw on DC pensions for another five years and then live off 2x full state pensions plus 2x LGPS pensions plus AVCs. Our savings are currently comprised of £150k cash, mostly in ISAs, and £330k in Vanguard VLS60. We intend to add…
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Maths: Compund Interest S&S ISA: 100% in 1 or 50% each in 2?
Hi,Calling maths whizzes!I want to autoinvest in two funds using stocks and shares ISAs. I would prefer not to put all my eggs in one basket and use two different ISA providers. However, I'm unsure of how this will affect the compunding interest. Would I get the same compunding if I autoinvest two funds in one S&S ISA as I…
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Savings Interest, Tax and Pension contributions.
I can't seem to find the answer to this so if anyone can help it would be appreciated. I'm a higher rate tax payer (not by a huge amount) and claw back any higher rate tax by paying into a personal pension. I also have savings (mostly ISAs split between me and my wife). I'm aware I have a £500 limit on the interest earned…
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Problems Opening an OakNorth Account
Hi, Has anyone had any difficulty trying to open a Fixed Rate JOINT Savings Account. Edit: OakNorth have sorted out the problem. All solved
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BAYE or SAYE
My employer offers a BAYE and SAYE savings scheme and I can’t work out which is better for me. Buy As You Earn - buy shares before tax and NI contributions. If you hold onto your shares for at least 5 years you won’t need to pay Income Tax or National Insurance on the money you get back. May lose money if share price…
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Considering opening a Cahoot Simple Saver, quick question
I have a Chase Boosted Easy Access account which is due to mature on 28/10/25. I already have a Cahoot Rainy Day Saver account. My question is, if I apply for a Cahoot Simple Saver, will I have to submit ID again, or will they just allow me to open it when I apply and will I get to fund it straight away or will I have to…
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Do transfers to new ISA’s break the rules if done more than once in a tax year?
I had a maturing ISA in July and transferred the money to a new S&S ISA that I had not previously fed with money. I have another ISA maturing this month. Can I transfer the money in that to another new ISA this year?
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Saving for Granddaughters School Fees
I have decided that I would like to help fund the private school fees for my granddaughter when she reaches her 11th birthday. My goal is to reach £120K over the next 6 years. I understand due to the timescales that this should be in savings rather than investments, but saving interest rates are falling. My initial thought…
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Wise to have a second lower risk SIPP with Vanguard in the current climate?
Hi, 51 yo with a Nutmeg SIPP (4/5 risk rating). In order to reduce my higher rate tax bill I am interested in investing more but into a separate lower risk pension pot. With the stock markets looking a bit overheated I am considering opening a second lower risk SIPP with a provider such as Vanguard. I assume I can select a…
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Short Term Cash Deposit
We will have approx £700000 to deposit from the sale of our house. We will be renting after the sale as our new property won't be ready to complete until January at the earliest. Where would be the safest place to deposit this amount that also earns a little bit of interest? We could give around 30 days notice for a…
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Grand child savings account
Hi. As grandparents we are wanting to open a savings account for him, he is 6months old. Not sure if anyone can help with best ones to look at. This savings would run until they were 18 or 21 years old.
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Reclaiming US Withholding tax
I've sold some shares via UBS in the USA. Apparently my W-8BEN from was out of date and they have withheld part of the proceeds as tax. I'd like to try to reclaim the money withheld. It isn't a huge amount ($1000) and using a third party company to carry out the work would eat up most of that amount. Therefore I'd like to…
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Moved: Probate when you only have "savings"
This discussion has been moved.
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income generating fund 4%
Hello, is there an etf fund that can provide a 4% income per year and is mid to low risk currently? Preferably with monthly income.
Have a savings question you're keen to discuss? Here is where posts around ISAs and tax-free savings live.
