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Savings & investments

Discuss premium bonds, regular savings accounts, autosaving apps, shares and much more.

Child savings
hi, my son (16) has £29k in a savings acc which he does not know about. This has been made up of child benefit, bday, Xmas etc. The acc has been changed to an adult acc giving only 3.05%. I am unsure how to invest to get the best return for him ?
Tax implication of selling stock to invest in pension or ISA
Hi there I have an equity investment that I bought in a year when I had already maxed out my stocks and shares ISA allowance and didn't have a pension product I could pay it in to. Now I would like to sell them and put some in my pension and some in next year's ISA allowance. The company (Vanguard) says the process is that…
Moved: Part of a house in a trust
This discussion has been moved.
Savings interest and tax
Hi am I understanding correctly what Martin said in his program tonight that even though my wife and I are earning over £1000 each in interest, we won't be paying tax because there is an extra £5000 each we can earn? We are both pensioners 80 years old. I have been putting money into ISA's so that our interest from our…
Top slicing advice. Partially surrendered onshore bond.
Hello all, I've done some searching both on the MSE forum and vis Google, but I am struggling to find answers. Background : Mother has an onshore bond opened 5th May 2001 with £35,000. No further additions. Value in January 2024 £83,000 £40,000 partial surrender in February 2024 which resulted in a Chargeable Gain…
No progress from Chip 4 days later. How should I proceed?
After failing to be able to access my Chip cash isa using their app on Friday after several attempts it has now locked me out. I have discovered that there was an update to the app a few days earlier so wonder if that is part of the problem. Having provided suitable ID I am still no further forward to accessing my money…
Gatehouse EA (NLA) is there a minimum amount to keep account open?
Moving my money elsewhere as rate goes down to 4.27% from tomorrow 19/3. The documents I have regarding the account don't state a minimum deposit/amount to be held to keep the account open. I'd rather keep it open if I can rather than close, but not if it's a high minimum. Can't find anything on their website, not to say…
Regular Savers accepting deposits by debit card
I think there was a thread about this or similar before, but i can't find it.Which Regular savers accept deposits by debit card?I believe Skipton and YBS do
Old Premium Bonds - Any way to check?
My Mums been tidying up and found £25 in premium bonds from way back when, perhaps over 50 years old, I seem to remember she did this a few years back and I found somewhere I could check them - alas I can't seem to find that now, NS&I want a holders number, which I don't have. MSE Site seems to suggest I'm not going to be…
Protecting our savings
Hi Newbie here. We seem to be getting squeezed as to where we can protect our savings from the tax man. I am aware of the tax protection an ISA offers, but with the proposed changes to the ISA threshold looming, Where are you savvy savers putting your savings ? ( Interest above £1000 in banks and building societies…
Trading212 Spending Pot
Trading212 have changed the way uninvested cash is handled in their "invest" (non-ISA) account. It is a strange feature of this account that you can use it for trading but it also comes with a debit card which can be used for spending. They are introducing a "Spending Pot" with cash held separately from the main trading…
Inheritance
On Friday I am recieving 20K in inheritance and another 20k in April. Can I have advice on which are the best accounts to place my money until I decide what I want to do with the money. It needs to be instant access. Thanks for any advice given in advance
Beginner exit strategy on stocks?
One thing I didn’t factor in when I started investing was: when should I sell? I overwhelmingly invest in long-term ETFs, but have about 15% in individual stocks. I’ve learned that the general rule is to sell at +15% - 20% from buy-price. But, is it better to sell the whole lot, or just part of the stock? I’m very new to…
Which Index funds to invest in?
Hi folks, at the moment I am in the fortunate position of having a sizeable pot built up in cash savings. From what I've heard this is probably not the best strategy to be so cash heavy versus investment ratio? I have dabbled in the stock market over the past 5 years with varying degrees of success. Probably just about…
Trustnet portfolio tool query
I don't have any investments in shares, but have started playing around on the Trustnet tool trying to set up a model share portfolio just for fun and for learning purposes. Am I correct in thinking that the share values are tracked, but the model takes no account of the dividends received? This is probably a stupid…
What to do after selling flat and with salary. . .
Situation as follows for my current partner Salary: £105,000 Just exchanged on selling a property so will have approx £150k left after settling all credit cards and loans and a holiday etc. Own a main house and mortgage is just over £2.5k pm. She has £19k in a pension at the moment so is paying 40% tax. Seems better to put…
Save into an ISA or small pension pot?
THANK YOU EVERYONE! I'm close to retiring (age 64) and would like to invest some savings before the end of the financial year. Would it be better to invest in an ISA or put it into one of my small pension pots?
The 30 day CGT rule
Please can I check I understand this. If I sell a fund and re-buy the same number of units within 30 days, for CGT purposes the two trades never happened. I don't declare it on self-assessment and the original base price is unaltered. If that is correct, then... if I sell a fund and incur a CGT liability, and within 30…
Principality 6m Regular Saver matured but problems opening new one
Hi, please can someone advise? My 6 month regular saver with Principality matured on Saturday and in their letter they said I was entitled to an exclusive maturity account - another 6 month account at 8% (well, 7.85% but... you know.) When I tried to set my instruction for this to happen it said I was unable to, as I have…
Submitting Self Assessment returns, interest over £10k
HMRC may be changing tack (for some) on the requirement to submit a Self Assessment return once interest exceeds £10k. This page (scroll to ‘If you go over your allowance’) now seems to have different arrangements for self-employed and PAYE employees/pensioners. Other gov.uk pages haven’t updated.…

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MSE News

Buy now, pay later protection one step closer – but Martin Lewis urges caution as rules not yet in force
New rules to protect over 10 million shoppers who use buy now, pay later (BNPL) services are on the way to becoming law. However, MoneySavingExpert.com (MSE) founder Martin Lewis, who has long-campaigned for BNPL regulation, is urging people to remain wary until the law changes take force.
Tesco shopper? You've less than two weeks to use £15 million worth of Clubcard vouchers – or extend them with our trick
If you've got a Tesco Clubcard, check if you have any vouchers close to expiring, as nearly £15 million-worth are due to run out on Saturday 31 May. Don't want to spend your vouchers yet? We've got a trick to extend their validity.
Martin Lewis: Just got a win on hopefully changing hideous council tax debt collection that hurts millions
"Catastrophic" Council Tax debt collection practices – that can see bailiffs at your door within six weeks demanding payment for the whole year despite missing just one month – are to be investigated by the Government. It's a win for MoneySavingExpert.com founder Martin Lewis and his charity the Money and Mental Health Policy Institute (MMHPI) who've campaigned against this rapid escalation.
Martin Lewis: Mobile and broadband mid-contract inflation hikes are BANNED – but there are winners and losers
Inflation-linked broadband, mobile and TV price hikes have been banned. It means some will see bills rise by a specified amount in pounds and pence going forward. However, MoneySavingExpert.com founder Martin Lewis has warned that many WILL still see above-inflation rises in future despite the new rules.
'Catastrophic' Council Tax debt collection practices to be investigated by Government – Martin Lewis says move is 'brilliant news'
"Catastrophic" Council Tax debt collection practices – that can see bailiffs at your door within six weeks demanding payment for the whole year despite missing just one month – are to be investigated by the Government. It's a win for MoneySavingExpert.com founder Martin Lewis and his charity the Money and Mental Health Policy Institute (MMHPI) who've campaigned against this rapid escalation.
MoneySaver's 'unbelievable' £675 refund from Complete Savings – how to check if you can claim too
MoneySaver Ray secured a £675 refund from Complete Savings after reading our warning about the 'cashback with a catch' site's misleading 'click to claim' ads. And Ray's not the only one, as we've been swamped with similar successes.
Origin broadband customer? You'll soon be moved to Utility Warehouse – here's what you need to know
If you're an Origin broadband and home phone customer, you'll soon be automatically transferred to Utility Warehouse – but your service will continue as before and you should keep paying your bills as normal.
Bank of England cuts base rate to 4.25% – here's what it means for your mortgage and savings
The base rate has been cut to 4.25% from 4.5% by the Bank of England. This rate is used by the central bank to charge other banks and lenders when they borrow money, so the move can impact mortgage and savings rates.
Is now a good time to fix your mortgage or should you wait? Brokers answer as rates continue to fall ahead of expected Base Rate cut
Interest rates on fixed mortgage deals have continued to be cut ahead of this week's decision by the Bank of England on whether to change the Base Rate. But will fixed rates move much further – and should you fix now or wait?

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