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Savings, interest and tax
I've recently retired and have non-isa savings of approx £100k. I am getting taxed on my interest cos over the £1000 personal allowance. Should I be re-organising my finances to ensure I don't exceed the £1000 allowance or just accept that I'm gonna be taxed every year?
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Interest during isa transfer
Does anyone know if interest is paid during the transfer period, be it by the account transferring from or the one transferring to?
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CALCULATING GAINS ON SHARES FOR CGT PURPOSES
NAME PRUDENTIAL PLC QTY 1000 PER SHR 6.4426 PAID 6,442.60 BROK 8.00 STAMP 32.21 PTM NET 6482.81 PRUDENTIAL PLC 1500 7.201683 10,802.52 11.00 54.01 1.00 10868.53 AND SOLD THE SHARES AT PRUDENTIAL PLC 2500 7.214902 18037.26 11.00 1.00 18025.26 I BOUGHT AND SOLD THE SHARES AND WANT TO WORK OUT THE GAIN FOR TAXES. HOW DO I…
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Loanpad P2P - Reviews, experiences, info or updates, post them here. I'm having a dabble.
Morning all I've seen this name pop up a couple of times in various threads, but can't see that there is a dedicated thread for them. I've had a quick look at their website, and on the face of it, it seems like a pretty good deal, somewhere between cash and a S&S ISA. I realise that capital is at risk, and the interest…
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Inheritance tax question - gifts put into savings
I have recently lost both my parents, a few months apart, and have received an inheritance. With the value of my home, and being single, this now raises the issue of inheritance tax should I meet an early demise... IHT is not something that's ever really been on my radar before so I'm trying to educate myself. I am…
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Which of these Vanguard options is best for a first-time investor?
So I'm planning on investing with Target Date Funds as per Ramit Sethi's advice, for those who just want the most straightforward approach. I'm thinking of just choosing a 5-year option for now to test the waters a bit. I was originally thinking of picking this…
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Monmouthshire BS Deposits
Anyone know if there's any known issues with depositing funds recently?, I ask because I sent £1 to my easy access account at around 1am yesterday and it's not shown up yet.
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yougov.finance bribe
It's one of these almost-too-good-to-be-true stories, but it is true. First mentioned by @Bridlington1 in the Natwest Regular Saver thread, but I reckon this deserves its own thread as it could be of interest to those who have at least 10 current, credit card and savings accounts and not everyone reads the Natwest RS…
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maximising savings interest
I may be way off and admittedly i am not great with numbers...but.. there are several accounts out there that pay between 5% - 7%, on between 200-300 per month. say first direct as an example, £300 per month. £3600 per year - £152 interest. is it theoretically better to say have x amount, in a easy access saver or any such…
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Crypto dating scam help
A friend of mine has been chatting to an Asian lady online for some months. She has a business in Europe. They chat by video call. Today he has told me that she is helping him trade crypto currency something he knows nothing about. He has opened a Kracken and a Foris mt ltd account. He says they are sharing the success and…
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NS&I's one and five-year British Savings Bonds are back
NS&I has refreshed its range of fixed-term 'British Savings Bonds' by bringing back its one-year and five-year options and boosting rates. Its new deals are strong across the board, especially if you're looking to save with a well-known name – though you can earn a bit more from the top-paying accounts elsewhere... Read…
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Oxbury
Anyone having trouble getting logged into Oxbury??? Unable to log in. App states unable to connect to Oxbury and no reply on phone at bottom of emails
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St James Place compensation offer
I've finally received an offer from SJP for compensation for their lack of actually doing anything. They have upheld some of my complains and not upheld others. They have offered me around £800. This is also, separately, going through the FOS . Do I accept this offer? Wait for the FOS? I've not really been in such a…
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Is premium bond money taxed once it’s moved elsewhere?
I’ve cashed in some of my premium bonds and deposited the resulting money into a savings account. Is that money now taxable as income?
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Post Office Instant Saver
Hi everyone Does anyone know by any chance if the Post Office Instant Saver that you must open with £100 allows you to go below that amount or if £100 must be kept in at all times. https://www.postoffice.co.uk/help-support/instant-saver The only way to contact them appears to be a phonecall and I was hoping to just find…
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Virgin Money 10.38% regular monthly saver
Hi, just wanted to say that it took me just a few pain free minutes to easily open a brand new Virgin Money M Plus account so that I could subsequently open up and pay straight into its 10.38% regular saver account. It's a maximum of £250 per month and maturity date is 31st July 2025 so that was £162 for about 8 minutes…
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Crypto regrets
I dabbled in crypto around 2023. Tiny amounts initially but when I had the courage to go big, my bank 'S' stopped payments to binance. I instead invested in property, which resulted in a loss.... Are there any low fee crypto platforms where I can start again, that won't be blocked by my bank? Have I missed the boat or is…
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Cold wallets crypto
I'm spending time trying to learn a bit more about storing crypto seed phrases. I came across the 'material cold wallet' concept. Is this where you create your own seed phrases? These are not electronic, so how does crypto purchased and stored on crypto platforms 'know' what the phrases are?
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Save or pension?
I am currently going through a separation, but unfortunately we are having to live together until we put the house on the market and sell it. I have an emergency fund of 6 months expenses. A paid off car and no other debt but a mortgage. Should I stop pension contributions and just stash cash until I have bought a new home…
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What are best savings accounts for a lump sum …?
Hi. I am writing to ask what best savings account would be if a lump some £10k . The account would be in my eldest daughter’s name. I have pre paid my funeral but would like to leave them actual money when I die . I privately rent and and do not have a property to leave when I die . Many thanks in advance x
Have a savings question you're keen to discuss? Here is where posts around ISAs and tax-free savings live.
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Most recent: Virgin 1 Year Fixed Rate ISA 5.05% by flaneurs_lobster
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