-
Does anyone here use an IFA?
Appreciate this is mostly a forum of DIY investors but as I get older, and whilst I don't think it's necessary right now, I've not ruled out the idea of getting professional advice at some point. If you live reasonably frugally and have built up a decent pot - and if you have an ongoing relationship with an advisor v…
-
Children’s Ethical Savings Lump Sum/Regular Saver
I have 2 children aged 14 & 11 and a Halifax monthly saver account for each, into which I save £100 per month. The total is transferred annually to the kids saver which is currently getting a pitiful 1.04%. They have around £13.5k & £10k each in them respectively. I need to find a new long term savings account for this…
-
NS&I Guaranteed Growth Bonds
Just had maturity options letter for my NS&I GGB 1 year due to mature on 3 September. The default option (do nothing) is a rollover to another one year bond at 4.18% fixed. Old rate from last year is/was 5.15% Interested to know what others will be doing.
-
'Standard practice' IFA Fees
I have too much money sat in banks so contacted a financial adviser to ask what I should do with it that would be more sensible. He produced a plan. When I asked about fees I was told the "ongoing advice charges" would be 0.75% p.a. When I asked if this was a percentage of the profits [if any] made from my capital or a…
-
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…
-
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…
-
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…
-
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…
-
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…
-
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…
-
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…
-
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%.
-
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…
-
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 -…
-
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?
-
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.…
-
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…
-
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.
-
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…
-
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…
Have a savings question you're keen to discuss? Here is where posts around ISAs and tax-free savings live.
