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best place to put £100 per month
My son pays rent of £100 per month to me as he now works. I;d like to put this into a savings account for him but without his knowledge so that it can help with a deposit when he moves out. Where would be the best place for me to put the money?
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Money Market Fund (MMF) type ETFs - CSH2, XSTR and now GBPO & GONS
There appears to be a couple of new accumulating SONIA tracking ETFs launched in the last year from UBS and Invesco according to JustETF. UBS GBP Overnight Rate SF UCITS ETF GBP acc, IE000WNEYKM1, GBPO, TER 0.05% Invesco GBP Overnight Return Swap UCITS ETF Acc, IE0006N7AK90, GONS, TER 0.1% In common with CSH2 they appear…
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My Community Bank savings question
My Community Bank savings account has recently matured and its automatically transferred to a Castle Community Bank account. I am trying to withdraw the money from this new account as the interest rate is much lower, but for the life of me I can’t find a way to withdraw my money! There are no options. I’m being thick but…
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letter from unknown wealth manager
Not sure if I can share names, so haven't … I have today received a letter from a wealth manager regarding their change in ownership. I have no idea who these people are. I'm assuming it's related to a stocks and shares ISA opened a long time ago. I thought I had previously removed a fee earning agent from this ISA.…
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General Investment account - Do I NEED to use the full CGT allowance?
I'm due to be inheriting some money soon and I have been researching GIAs, as the ISA and SIPP will have already been filled to the maximum allowed for the current tax year. I have found that to utilise my full CGT tax-free allowance, I would have to sell £39,000 worth of shares to realise a gain of £3,000 for the…
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Frightened of Unusual Banks recommended on mse? Are they safe?
Good Morning I look at mse best buys regularly. I want a 5 year fixed rate and hampshire trust bank comes up on the site. I know it is fscs authorised. However in the past, i opened up a Marcus account, but half way through found myself terrified and didnt end up funding it, in case it was not ‘the real Marcus’, or incase…
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Moving savings between a non financially linked couple
Hi Been saving for a mortgage (forever) with partner and we have a decent amount of savings. Partner had pay increase that’s pushed him into higher tax bracket. I’m a basic tax payer. 90% of savings are in his name, just because we’ve always used his for savings and mine for spending. In hindsight, this was not the best…
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Freetrade customer service response time?
So I opened a Freetrade account last week with the intention of moving my s&s ISA and SIPP over from ii, to receive the 1% cashback. Before committing, I wanted to ask them a few questions, so I emailed them last Thursday, and then messaged them on the chat on Monday. Yet to receive a response from either. Are they…
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Buying fixed term annuity from Savings, is it even possible?
Or family is in a situation where some cash may be being distributed. One family member has little to nothing in the way of pensions, but A.I. (don't trust it) has lead me to believe there's a possibility of buying a Purchased Life Annuity from savings, not from a pension pot. The suggestions it gives are that the income…
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Old tab shares
hi all my grandad sadly passed away recently and part of his estate that is being passed to my nan was 708 tsb shares. Now we know tsb was taken over by Lloyds but does that mean the shares automatically became Lloyds shares and are currently valued as per the current Lloyds share price? Any help would be greatly…
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Transferring Tesco Shares
Wife worked in Tesco and paye into Tesco shares, is now retired and still receives free shares twice a year. She has the paper certificates up to date (over 20,000 shares )but they are held with equiniti shareview. With the shares doing well they are worth a 6 figure sum. Whats the best plan of action regarding…
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II interactive investment S&S ISA transfer
hi just heads up recently initiated the in specie transfer of my S&S ISA from charles stanley direct to II - really impressed took 10mins to set up my II account and transfer instruction. The transfer completed seamlessly in less than a week. II functionality seems great so far really easy to set up monthly investing And…
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S&S ISA Transfer - Scottish Widows to AJ Bell
Hello, Can anyone who's done this give me an idea of how long it took? AJ Bell are offering a £500 Amazon voucher to do this. I'm currently getting about £22 a day in my ISA in a MMF with Scottish Widows and would lose this during the transfer process. Thanks
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Scottish Power Takeover scam
My wife was approached as a Scottish Power shareholder by an American caller asking if she wanted to sell her shares to a secretive buyer who is trying to take over Iberdrola, who own Scottish power. The story is that the buyer wishes to remain anonymous until s/he/they have acquired enough share backing to launch a…
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Quality Value ETF
Having been with Fundsmith since I started DIYing in 2017, I’m
losing patience. I still think quality is worth holding, but with markets now less
predictable than the one way street largely powered by QE, Fundsmith's concentrated do-nothing
style feels a little less appropriate. Fundsmith (the Stewardship/Sustainable…
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HMRC say I’ve received £15,301 in untaxed interest on savings in 2024/5
HMRC say I’ve received £15,301 in untaxed interest on savings in 2024/5. This is incorrect, the actual figure being approximately £5,357. I’m retired (previously PAYE) & they intend to recover what they claim is owed by changing the tax code on my company pension. I’ve spent hours fruitlessly trying to find a way to…
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Is This a Good Investment Strategy?
Hi, Have been getting really into the weeds and I just need to get started. Is the below an okay investment strategy? Weight Role Ticker ISIN Code TER 80% Developed World WRDA IE00BD4TXV59 0.06% 10% Emerging Markets EIMI IE00BKM4GZ66 0.18% 10% Global Small Cap WSML IE00BF4RFH31 0.35% According to my research, the FTSE…
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Taxation of Investment Platform Transfer Bonuses
Bonuses for switching bank accounts appear to be tax free, but I have not been able to find an authoritative statement for the taxation of investment platform account transfer bonuses. Does anyone have a link?
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Incoherent responses from Hargreaves lansdown re monthly investing
as a family of 6 we have a number of accounts with HL me a Lisa My partner a Lisa and sipp My 19 yr old son a Lisa a sipp a s&s isa and a cash isa 17 yr old , 8 year old and 7 year old each have sipps we were using hl for all this as they were one of the few to offer S&S Lisa’s at the time and we bundled the kids and other…
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to max or not?
Currently hold £40k in PB. Returns in the last 12 months have been around 2.5% equiv (tax-free, I realise). Maxed out ISA for the year, what are your feelings on adding more to PB to the max investment - those with the maximum have a greater chance of a win? How best to roll the dice!?
Have a savings question you're keen to discuss? Here is where posts around ISAs and tax-free savings live.
