-
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…
-
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…
-
Money Market Funds ?
I am considering switching about £50K held within an ISA account with iweb in VL60 to a money market fund , possibly Vanguard Short-Term Money Market Fund -Accumulation. 1. Would the procedure to keep the ISA status be to simply sell the VL60 and buy once Iweb has credited the cash to my ISA account or would I need to do…
-
Tips for not obsessively checking investments
2 weeks ago I took the plunge and converted the vast majority (80%) of my Cash ISA savings into a S&S ISA. The total sum is close to 6 figures. I'm invested mainly in a 80/20 fund and have done my research on volatility, so I know what to expect if there's a crash. I'm in this for the long haul and don't foresee any need…
-
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 ?
-
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…
-
2 S&P 500 ETFs Which One?
Hi, so I'm thinking of investing in one of two American ETFs, one has a greater dividend, but the other may have better growth. Any opinions? Vanguard Funds Plc S&P 500 UCITS ETF USD(GBP) (VUSA) or Invesco Markets Plc S&P 500 High Dividend Low Volatility UCITS ETF (HDLG) Thank you
-
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…
-
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…
-
Any experience with Chetwood bank? or Monument
Hi all, I'm just wondering if anyone has any experience with Chetwood bank or Monument and whether or not you would recommend them? I cant seem to find much about them online at all. I need to split some money between a couple of savings accounts. The others I have been considering are Vanquis, Oxbury, OakNorth and Atom.…
-
Moving Money from Santander Help2Buy into Plum LISA
Hi all, First post! Looking for some clarification about a move I'm looking to make. I have £11,600 in a help to buy ISA, and plan to move it all over to a Plum LISA over the next three tax years. Plum do not support transfers from Santander Help2Buy ISAs, and so here are my questions: - Could I not manually make a payment…
-
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…
-
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…
-
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
-
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
-
Yorkshire Building Society - online login not working
This problem appears to be ongoing for 5 days now with a payment made from YBS to a 3rd party over a week ago which I learned was never received. So I can't login to even check if the payment bounced. I've tried ringing them 3 times and gave up after 30 minutes of hanging on. I've tried their chat bot, but all that happens…
-
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…
-
Limit on money transfer
Is there a limit on how much money my husband can put into my account?
-
Raisin welcome bonus
Hi is the £100 raisin welcome bonus only open to new customers ? I already have account that's matured so can I get the offer as existing customer?
-
Branch savings advice please
Hi everyone, Family friends have come into money and are asking for advice on savings accounts. They are elderly so don't do online banking so are looking for branch based accounts. They currently bank with YBS, Halifax, Barclays , Nationwide and natwest. The amount they have in savings is around £75k each. I've had a very…
Have a savings question you're keen to discuss? Here is where posts around ISAs and tax-free savings live.
