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Savings & investments

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

Saving acc no interest
I want to save an amount every month but I dont want any interest.Do I just get a current account? Or are there any saving accounts out there that reward you differently without interest coming into it?
Paying tax on interest
I am employed and self employed. As I understand it , you need to declare what interests you have earned on savings in your self employment tax return and then pay the tax due. But also if you are employed it will come out of your pay as HMRC will change your tax code accordingly to collect it in the next financial year…
Global tracker or diversify?
If global trackers hold approx 60-70% US stocks, in proportion to global market weighting, some commentators have concerns that this means being over exposed to US and the days of US exceptional out performance may be coming to an end. Some therefore advocate reducing holdings in pure global trackers and allocating more to…
Need Help On Selling Canadian shares
I am a lifelong UK resident & a shareholder in Great-West Lifeco having acquired my shares when they took over the UK life assurance business of Canada Life (whose shares I had post-demutualisation). The shares are in certificated form and are listed on the Toronto stock exchange (TSX). I wish to sell my shares but I can…
Savings account - life interest in the income
An elderly relative is the beneficiary of a life interest in the income of a discretionary trust. The trust amount is not large and has been in a bank fixed rate account for many years. The bank has traditionally paid out the interest directly to the relative, but now is refusing to do so and says it must be paid to the…
Woodford compensation and No Win No Fee fees
I joined the class action with Harcus Parker for redress from the Woodford catastrophe which to cut a long story short was not heard in court and instead redress was made via FCA. I received the compensation which was a small fraction of what was lost and was very surprised to receive a bill from Harcus Parker for almost…
UK asset allocation
Just wondering what people's thoughts are on the proportion of UK equities to hold in an investment portfolio. Not with a view to trying to guess the future, but from a general long term investing perspective.
More problems with Raisin UK & limits of the Financial Ombudsman Service.
The Financial Ombudsman Service covers banks, building societies and payment services but NOT deposit aggregators such as Raisin UK and others. I know this after complaining to the FOS about Raisin UK, waiting for 2 months and then getting the investigator's reply: we have no powers over a deposit aggregator. I emailed MSE…
Changing strategy & reacting to the dip in the market?
I understand the whole timing the market, lack of a crystal ball thing & as such I just pay in my monthly payments & pay little to no attention to what's going on in the world. When Covid landed, I did consider throwing extra cash in to my SIPP but I took time to decide whether I was going to or not & by that time I just…
Capital gains tax.
Hi. I’m after some advice, I have a house which I lived in for nearly 4 years, I then moved in with my partner in his house and rent out my house. I know if I sell my house in the future I will have to pay capital gains tax on money I make when it was rented out but I have decided to leave the house to my daughters in my…
Transferring money to a Financial Institution
I have recently opened a savings account with the Post Office - via a link in the savings advice page on this website/site. When I tried to set up a payment into the PO account from my Nat West account, it told me the the account payee name is unconfirmed. As I had use the the link from MSE and I knew I had the correct…
Trading 212: impossible to log on with facial recognition
Just wondering if I'm the only Trading 212 customer who can't log into my Cash ISA account using facial recognition? It doesn't work on either of my Android phones or on my laptop. I keep getting a message saying "Sorry, we need to restart the recording". It's been like this for a couple of weeks and I've tried every…
Trading 212 problem
My OH is trying to open an easy access ISA with Trading 212, but when he gets to the point where your ID has to be verified, he gets a message saying “unable to retrieve or access required user permissions”. What does this mean and what should he do now? For information, in case it makes a difference, OH is Norwegian, but…
£100 interest limit on kids savings before it's all taxed as if it were the parents
Say gave my son (5 years old) just over £2000 total in previous tax years. I understand there is a rule that if he gets more than £100 interest from money given by a parent, then all the interest is taxed as if it is the parents. Due to the recent interest rate rises, it could push him over the £100 interest. Because…
Savings and the future
Looking for a bit of reassurance/ guidance as to whether I am doing ok at saving or not at my age. I’m 34, my partner and I rent a house. I’m self employed and she works full time. I have been self employed for 8 years now and have to say this last 12 months have been the hardest ever. Over winter I’ve had to dip into my…
Annual interest £1.93 on 47k
Hi an elderly relative of mine has a Halifax instant saver ISA with just over 47k invested, she has made no withdrawals ever since she opened it years ago and she has just got her annual statement which shows £1.93 interest, I think the interest rate is 1.5 aer. Can this be right? I've told her to make an appointment at…
post tarriff investing
ive had a pretty hectic month and havent decided on how to invest the 70k thats sitting as cash in my sipp. I put 7k in a hsbc balanced fund and then got distracted by work, Need a little reassurance to keep feeding it back in as i worry about the lack of time (starting investing at 50) with the state of the world it feels…
Best savings accounts for American Expats
Amercians banking in the UK must use Foreign Account Tax Compliance Act (FACTA) approved banks. Not only must they be approved, they must be willing to do the paperwork. Many are. For example Lloyds Bank and Principality Building Society. Some appear not to, for example Cahoot. The best cash ISA I've found is Principality…
Currencies Direct warning
I'd like to warn other users of Currencies Direct's not very transparent tactics and low exchange rates. It'd also be great to know if anyone else has experienced something similar. Quick summary: when you open an account with CD, they put you on a price plan. The rates you're offered are not the same as the ones offered…
How best to save large sum
Due to inheritance I will be coming into a large sum of money and I have no idea how to bank/save it to avoid lots of savings tax. I can only put £20k into an ISA each year so I'm not sure what to do with the money that is just sitting. I'm very risk averse so not wanted to invest, I would rather just have it in the bank.…

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MSE News

Ofgem proposes new 'no standing charge' Price Cap – but Martin Lewis warns vulnerable customers need to be opted in or it won't work
Ofgem has today launched detailed proposals for a major shake up to its Energy Price Cap that dictates the price over 80% of homes in England, Scotland and Wales pay for their energy bills.
Lloyds, Halifax and Bank of Scotland to cut overdraft rates for millions but hike them for others – here's what's happening and full help
If you're a Lloyds, Halifax or Bank of Scotland current account holder, the interest rate you're charged for using your overdraft could change soon as part of a fees shake-up. The Lloyds Banking Group, which owns all three brands, says millions of its customers will pay less after the changes – but a "few" will pay more.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more low-income households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Martin Lewis: At last a chance to fix Council Tax flaws impacting millions – debt collection, difficulty challenging your band, discounts and more
Major flaws in the Council Tax system in England could finally be fixed in future, as the Government has launched a wide-ranging consultation to review hideous debt collection practices, the difficulty of challenging your band, the overly complex and horribly-named Severe Mental Impairment discount and more. MoneySavingExpert.com founder Martin Lewis, who has long campaigned on these issues, shares his response and analysis.
Energy complaints to be dealt with more quickly and Energy Ombudsman to get new powers under Government plans
If you have a complaint about your energy firm, it may be resolved more quickly in future, as the Government has announced a raft of proposals to strengthen consumer protections in the energy market. The planned changes include giving the Energy Ombudsman new powers to force firms to comply with its decisions – but it's still very early days. Here's what we know so far.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Base rate held at 4.25% – here's what it means and when it might be cut next
The Bank of England has held the base rate at 4.25%. Below we explain why, when it might be cut, plus what it means for your mortgage and savings.
Applied for South West Trains 'boundary fares' compensation? Act now to claim it
If you applied for compensation from South West Trains before the deadline in January 2025, you now need to provide your bank details to the claim administrator so it can be paid to you. Here's what you need to know.
Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payment this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.

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