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Tax on savings interest
Hello all. I haven't been on here for a while and I'm sure this subject has been mulled over multiple times but I seem to be missing some trick. So far, I understood that the tax free amount you get (500vs1,000) depends on your TAXABLE income and not gross. But lately I was surprised when HMRC messaged me that I owe some…
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Trading 212 cash ISA transfer out
Hi am trying to transfer ISA from 212 to moneybox. Moneybox is asking for the account/reference number and sort code for 212. I've tried the "account" number and the cash ISA ID number with no success. Can anyone help? I'm sure they do this to stall you or make you feel like giving up
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Personal Savings Allowance not deducted from income on self assessment
Why has my self assessment not applied my personal savings allowance, which I believe should be £1,000 as a basic rate tax payer, to my tax calculation? All the savings interest I have declared has been added to my income, with 0% deduction applied to the amount. My total earnings are approximately £26,000, with…
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Money market rate
My short-term Money market rate within interactive investor is showing as 4.51% but this is performance over the last year rather than what it is doing right now. If I check the 1 month total return, it is showing 0.35%, if I multiply this by 12 it gives me 4.2%. Then there are the buy and sell fees to take into account.…
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Help to save earnings criteria
Hi - according to HMRC you need to have earned at least £1 - the situation my brother is in is as follows: He is disabled and had to early retire due to ill health - he was able to take his personal pension early due to this, which is his income. In additional he gets UC and ESA. Is his personal pension classified as…
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Savings Account
Thanks for previous replies
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Is Raisin safe ?
I recently cam into some money from an inheritance. For the first time in my life I'm needing to find safe places to put it. I see Raisin being put forward on MSE and I have spotted a few savings accounts that look tempting. My questions are more concerns as peppered throughout the forum I see threads discussing how very…
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Moved: Having more than one S&S ISA
This discussion has been moved.
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Cash Ladder
I have read as much as I can about savings accounts and I would like to know whether my plan for my 5 year
cash ladder will work: I have worked out the figures and the
rest of my money will go into investment and that will be my next plan. I am expecting some income during the 5 year period so I can
be flexible with 1 – 2…
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Vanguard problem
Hello, I'm managing a Vanguard account as executor of a will. Vanguard are insisting that I am obliged to tell them my income and employment, or they will stop me making withdrawals from the account. They are saying they are collecting this information for regulatory purposes, to detect fraudulent activity. I don't see how…
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Finding a financial planner
Advice, please….. I was with Nationwide for many years investing in stocks and shares some in ISA’s, then everything was transferred over to Aegon later, in that time I have left Aegon to look after my investments and feel they have done reasonably well (I pay them to keep an eye on things, they appear to be doing ok so…
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ISA and Unit Trust Investments
Hi, I have 3 separate ISA ans unit trust investments and my last October statement should they have increased significantly in the last 6 months 50k+ do people think today's budget will massively effect the unit prices which are jn UK, European and US Growth. Thanks in advance
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ATOM Bank - scrolling screenshots?
I recall being able to take a screenshot in the Atom banking app (when enabled via help), and would be able to select 'scroll' for it to take a scrolling screenshot. Has this been recently disabled on the app or are you still able to do this? Thanks
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Renewal of Index-linked Savings Certificates and death of holder query.
The latest information from NS&I advises of changes in the operation of Index-linked certificates one of which is the "No access during the term" rule. The only informatiion given about the death of a certificate holder is if the holder dies, the Cerificate will become part of the Holder's estate and the Certificate will…
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Progressive Building Society unable to get money out
I requested a withdrawal online and they said they would send a code by email which never arrived. Requested them to resend it they said it would be sent by WhatsApp but I do not use this App. Any ideas welcome. Thanks
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Zopa not mentioned....
Is there any reason why Zopa doesn't seem to get mentioned in the weekly MSE email, any more? Chase seems to be the 'top' Saver, despite Zopa offering 4.75%, with easy access!
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Virginmoney regular saver 3 interest question
Just realized i opened this on August 1st have paid in 4 times (250 x 4) and have not received any interest, isn't this supposed to pay quarterly interest?
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Tax treatment if selling a gilt at a profit
A stupid question but something I've not considered before as it's not something I'd intend to do: Lets say we're talking about T26 which matures on 30/01/2026 I understand that if somebody bought that during 2025 at say 96p they'd receive £1 on maturity and that return to par uplift is exempt from CGT or Income Tax.…
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Transfer Stocks and Shares Isa From M&G to Fidelity/Hargreeves
I have a M&G Global Strategic Fund S&S ISA, can I transfer the fund out to another less costly provider to reduce the yearly fund costs which is currently well over £1k per year on £55k or is this a competitive price Thanks
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Should the tax year be the same for Capital gain and Interest for an Offshore reporting fund?
I have a couple offshore reporting (fixed-income) funds which are still open, but I have made a couple of sells in the middle. The tax year for the interest or the ERI (Excess Reportable Income) should be determined by the fund distribution date (FY2025-2026). The data for the sells would however fall into the previous tax…
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