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Tax on bonuses on savings interest
I have savings with Sidekick. The interest is a basic rate plus a bonus. The basic rate is added to the savings on a daily basis. The bonus is sent to a separate holding account where I can withdraw it or do what I like with it, on a monthly basis. The annual statement of interest that they have sent me only includes…
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Choosing a single ETF
I'm looking to invest in a single ETF.My shortlist is1. SPDR MSCI World SWLD2. Vanguard FTSE Developed World VHVG3. Invesco FTSE All-World FWRG I understand 1&2 are developed world only tracking different indexes, and 3 includes emerging markets. Any ideas/comments appreciated
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Is it worth transferring a good performing Child Trust Fund (CTF) into ISA for final 10 months?
My daughter has an ethical child trust fund with One Family which has actually done reasonably well (far better than my eldest daughter's CTF ever did). I'm anxious however, given the current financial climate, that she may lose money in coming months and she's going to need every penny for university next year. I nearly…
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Scottish Widow Pension
I have a Scottish Widows (SW) work place pension which myself and my previous employer had made two years contribution. I have started making a £2880 'non-earning contribution' since April 2024. I plan to change and reduce the number of funds, and considering transferring out but SW needs me to sell down as cash before the…
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Being gifted ~£100000 from overseas: any caveats?
My parents recently sold their house in Canada, and have unexpectedly told me that they will be gifting me roughly £100000 from the proceeds. They said they want to do it this week and their financial advisor told them there would be no penalties, taxes etc if they just transfer it into my account, so they say they're just…
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TSB or SANTANDER REGULAR SAVER?
I currently have two current accounts with TSB and Santander. The Santander one is from a switch recently completed (not in use), and the TSB one is a spare that l never use. If you had to pick one to use the regular saver attached to the current account, which would you use? Both are fixed both currently at 5%.
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Do I hold onto USD or convert them know into GBP before it drops further?
I am holding 35k in USD in my bank account. I am concerned the rate against GBP is again going to continue to fall. Do I take the hit now or will the rate come about in the next 6 months.
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What is regular investing?
I'm trying to compare SIPP provider costs and the only table I've found is on This is Money. https://www.thisismoney.co.uk/money/pensions/article-14647325/best-sipp-provider.html The table has fund dealing costs, standard share, ETF and trust costs and regular investing costs - what is regular investing in this case?
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Another Santander Edge question
I already have a Santander 123 account (I am happy with it and wish to keep it open, the cash back from my direct debits is more than the 4 pound charge, and I have a monthly saver that I pay into). Can I ALSO open a Santander Edge Current account (for a Santander Edge Saver) or will they attempt to "upgrade" my 123…
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ISA or Pension Pot
Hi All, Newby here, I'm looking for advice, I have a sum of money sitting in an Aviva ISA and wondered if it might work better for me to start a pension pot? I am 66yrs old and am currently drawing my state pension. I work part time as well. My spouse has a very large pension pot in their name only ( although I am the…
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General Investment Account and Capital Gains Tax Question
I am aware that growth on a General Investment Account is subject to capital gains tax and that currently £3,000 growth in tax free. However, if you withdraw all your growth and pay the necessary CGT can you then reinvest the balance in another GIA? ……and can you have £3,000 growth tax free on both GIAs? Sorry if this is…
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DoorDash to buy Deliveroo
Yet another British company absorbed into the singularity of the American juggernaut economy. And along with it comes another British company stripped from the FTSE index. I'm actually surprised the US hasn't just bought every company in the UK by now. But then I guess we don't really have many companies that are actually…
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Moving share account, but when to do it?
I've currently got a share account with BoS, but I'm going to close it and transfer the shares to another provider. I'm due to pay the annual fee to BoS on 15th May. Should I transfer the shares before, or after, paying the fee? I'm concerned that the payment might be in advance for 12 months, so if I leave it until after…
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How many Santander Edge joint current accounts can you hold?
There’s a max of 2 accounts allowed in total per customer, but I’m not clear whether you can have 2 joint accounts or not?
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NS&I Premium Bonds Alternatives?
I'm looking for some advice on what would be a better return on my investment than NS&I Premium Bonds. I currently have around £30,000 in Premium Bonds, but with the win rates being cut drastically, I'm starting to question if they're still the best option. I know Premium Bonds are secure, but their returns are unreliable…
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Common Gripes Opening Accounts
I currently have fixed rate savings and cash ISA accounts across nine banks and open around two new accounts per year. Here are the common gripes I have when opening accounts with banks for the first time: 1) It's often never clear if I can send a test payment (of say £10) to satisfy myself that the payee details are…
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Inheritance money
So they managed to sell house it now been sold 3 weeks. The money is going to both daughters but they are sharing it with there daughters. Will they send the money to my partner or does a solicitor? Just wondering if there’s any more delays after the move in date to get the inheritance money?
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Pension - Notification of Reduced Annual Allowance ??
I am retired and dont have an income other that money that I take from two private pensions (one is defined contribution and one is defined benefit). I have just taken my first payment from defined contribution scheme and started taking payments form the defined benefit scheme late last calendar year. I have received a…
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Inheritance money
So it’s been around 5 months and the house isn’t on market yet will it take much longer? We are due some inheritance money but sadly the house isn’t on market yet some people say it takes years now some say less time any ideas?
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Sanctuary Bond from Equfund (IPS) Ltd.
I purchased this bond in 2020 and it was due to mature October 23. I received the first two year's interest payments on time but not the final year's interest or capital, despite many phone messages, emails & letters. The organisation purports to provide affordable housing and are still issuing application forms for…
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