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Marcus Goldman. What to do?
Hi. I have just opened a 1 year fixed-rate account with the above bank. I intend to pay in £85k. Yesterday i rang Santander, where my current account is, to transfer the money They said their system couldn’t verify the payee details and they advise me not to do the transfer. I tried myself online, just planning to transfer…
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Sporadic saving rate increases
In contrast with the recent trend of a slow drift downwards in savings rates, there are several recent instances which buck the trend. I see Hodge have just increased their easy access rate up to 4.21 after dropping from 4.4 to 4.15 last month. Oak North have just upped the rate on their 95 day tracker from 4.51to 4.54.…
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Tax on Savings Interest
Hi, I'd like to understand how HMRC charge tax on savings interest, with regard to the example attached. I've read this https://www.gov.uk/apply-tax-free-interest-on-savings and see that low earners can get the starting rate for savers plus the personal savings allowance. The example is for my wife who is earning…
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Global ETF vs Global Index Fund/OEIC
Sorry if the title isn't very clear as I'm new to investing. I am looking to invest a sum of money into the global stock market. I have started to watch "Damien Talks Money" on YouTube, and he said that if he was getting into investing again he would start out by putting money into the Vanguard FTSE All-World ETF…
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Scottish Friendly fund transfer nightmare: my six‑month ordeal
Hi all, I wanted to share my recent experience with Scottish Friendly in case anyone else is considering investing with them. Earlier this year I requested a transfer of funds from a Scottish Friendly account to a OneFamily account. What should have been a simple and straightforward request turned into a six-month saga.…
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HSBC £100k Investment £1k cashback offer (Premier Account)
An interesting email from HSBC. Firstly inviting me to apply to upgrade to HSBC Premier (from Advance) but also if I invest £100k between 15th Oct & 15th Dec then can earn £1k cashback on 31st January 2026. https://www.hsbc.co.uk/content/dam/hsbc/gb/pdf/accounts/hsbc-uk-premier-cashback-offer.pdf The sting in the tail is…
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CGT bands
Does
the 25% tax free cash taken from a SIPP count towards the threshold for 18% /
24% CGT bands?
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Starter Rate for Savings Calculated on Gross Salary or Salary Less Employee Pension Contributions?
Hi all, Apologies if this has been asked before, I searched and couldn't find a specific answer. Id like to know for sure how the starter rate for savings is calculated with respect to employee PAYE pension contributions (deductions). Lets say my gross was £18,000 and employee pension contribution (net pay arrangement,…
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United Trust Bank link on MSE site
I used the above link to open a 4.3% Savings account. The account is up and running but I am unable to access it online. I'm waiting for them to send me a Username and password. It's now 2 days since I applied. The account will close if I don't deposit anything within 28 days so I think I'm going to put my money elsewhere…
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Averaging up to decrease CGT liability?
Newbie question, any advice or experiences welcome. Let's say I bought some US shares, in a trading account 5-6 years ago, adding a few more here and there over the years. If one tech company has done really well in this time that would mean a large profit on paper, liable for CGT. If I wanted to empty out this trading…
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Inheritance money, help!
I have nobody to ask and the few I could ask are a little resentful of my situation so please be kind if you reply. My mum died last year. She owned her London home. I am the executor and myself and a sibling are beneficiaries. The house has got sale agreed and fingers crossed the sale will go through and I will do my duty…
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Is Martin Wrong about Savings Allowance Tax?
Martin has posted on Facebook with an example of tax paid for someone earning just over the higher rate threshold with the claim that earning more means it's better to earn less interest. I'm not sure if his calculations are wrong. Example 1 Earnings £49300, interest earned £1000. Total income £50300 (£30 above HR) so…
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Slow vs Fast easy access savings
I have noticed considerable differences between savings accounts and the speed at which they perform transactions. Slow ones can take days to transfer payments whereas others are instantaneous. I never see this mentioned when comparing easy access accounts, but it can be significant, e.g. to prevent overdraft charges. Fast…
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Free alternatives to Yieldgimp now it's gone subscription only?
Any recommendations for free to use sites to easily compare gilt yield to maturity prices and view historical data? I used to use the excellent Yieldgimp but now they're (predictably) charging - if I'm going to pay then I might as well go for something more useful like Pensioncraft and get other things while I'm at it, but…
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Comparing wealth management performance
I know that there are many statistics that can show that a specific fund manager (who has a documented investment strategy that guides/defines their investment remit) is more likely to not beat their relative benchmark across a 10/20 year horizon. And I know those statistics are very dependent on the markets they invest…
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Equity market crash ?
Like we all know equity markets always crash every so often, it’s only time before the current record highs fall also, and like many think it may be very near, who knows. Who is happy for it to come sooner rather than latter and for what reason eg early in investment life so longer to recover , already sold and going to…
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ISA mistake - opened a General Investment Account.
I opened what I thought was an Stocks and shares ISA with Nutmeg in October 2022 (in their Smart Alpha managed portfolio). I should have payed more attention but I have only just realised that the account is not an ISA but a General Investment Account. So i'm please seeking advice on what to do. I havent had any other…
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Advice
Financial Advice 💰 Hi 👋🏼 Looking for some 💰financial ADVICE / feedback on my current setup! I’m 19, living rent-free with my parents in Lancashire🏴 , earning around £1,800/month (pretty dead-end job for now, A-level educated, entrepreneurial-minded). Current monthly breakdown:💸 £600 → Managed S & S ISA💰 £200 → SIPP🏠…
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Savings accounts while living in Spain
Hello, I am
moving to Spain soon and I am looking for a saving account in the UK that I can
hold when I live in Spain and can have joint names on the account. thanks
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Plum Cash ISA
Might be worth flagging up the terms for the cash ISA. I understood that I would need to retain for 12 months to get the bonus interest. At12 months I was told that the bonus would arrive at the end of the month. that has passed - no bonus. I contacted again and was told “at the end of the following month”. However, if…
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