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Tax implications of selling long term incentive scheme shares
Hi there I am struggling to understand tax implications of selling my long term incentive shares that are about to vest and wondered if someone can help me please. I have quite a number of shares in the company I work for already. The latest LTI award I was given as part of my bonus 3 years ago is about to vest. My…
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I've never had any savings before and need help
I posted on the forum at the back end of 2024 - I can't figure out how to link to that thread sorry! But in short, I received a sum of money as a gift (£30k) and the plan was to use this as a deposit for a house purchase, so I was looking for somewhere to put it to maximise any interest for a short period of time. Those…
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ISA's now been taxed over £20,000
Hi, is it the case now that the government is starting taxing ISA's over 20,000 in some circumstances if there are moved from one ISA provider to another, that is the interest will not be protected from tax relief? Thanks for any help
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Which is best TRULY INSTANT access account or cash ISA
Currently have cash ISA with Tembo whic I am very unhappy with due to them having 2 working days delay in processing withdrawals and also them not providing instantly available bank statements. I am looking for either regular instant access savings account or an ISA without the above mentioned nonsenses. Also not keen…
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Transfer to II - How Long?
I know this will vary depending on volume and possibly individual fund and certainly on the sending platform but would anyone have any recent experience of transferring an ISA or GIA to II please? In my case it would be from IWEB/Scottish Widdows.
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Good savings account that does not include ATM card
I have a gambling addiction and am looking to put my savings in an account that does allow cash withdrawals from an ATM. Have spoken to chase earlier and they can't put restrictions on my debit card so can easily obtain £500 per day which I have done recently. Any help would be much appreciated. TIA.
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Are Cahoot Simple Savers closeable at weekends?
Ideally, I'd like to close my Cahoot Simple Saver account on April 5th and get the interest for it then, and then use the money to open an account with a different provider, who pay interest on the account anniversary, on the 6th April - pushing the future interest into the 27-28 tax year. But … April 5th is Easter Sunday.…
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Cynergy Online Easy access Account 4.22%
just opened their latest easy access account which pays a bonus for a year, so ditch and switch in 12 months unless something better comes along. Unlimited withdrawals unlike Coventry. Have used Cynergy for years with no issues.
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Aegon - GIA and Stocks & Shares ISA - Alternatives/Ideas
I'm trying to help a family member who is reviewing their investments. They were taken out by their partner years ago who is no longer with us. They are using the Aegon platform and have the following investments. Identical investments in both their GIA and ISA (although much more being held in the GIA). 27% held within…
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Investing for retirement
Thank you for all the replies to my previous posts so far and had helped me to reach this stage. But I am still nervous about investing and it’s finally time to invest. (I had used an IFA for a long time.) With 12 years till SP age which will give me a little more to spend. I have an old work pension worth about £100,000…
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Capital Gain Losses Claim from previous years how to proceed now?
Hello All, A year ago, and following HRMC rules, i sent them a letter to claim for some losses materialised on the 2020/2021 tax year. As I didnt filled a tax return that year (didnt need to), the option left was to send them a letter with the deatils and calculations for the year. I did all of this, and sent the letter to…
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Capital Gains: Losses and time limit?
Hello All, As the financial year is approaching, I have been doing some calculations. Currently, I have some capital gains for this year over the personal allowance of £3000 due to shares sold through the year. In order to go under this threashold for the year, and avoid (delay) paying taxes, I was thinking about selling…
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Script DIvidend and tax treatment
Hello All, I own some share sin a company, not UK based, which issued some shares as a dividend. This "dividend" was paid as shares, and you had the choice of either keeping thiese share rights, or selling them to get the dividend. I chose to keep the share rights, so I got a few shares extra added to my current position…
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What Lessons Learned?
We are now two weeks into the latest bout of markets upheaval and doubtless some are fretting. We recently had a lengthy discussion about the merits of selling USA and buying Asia/EM plus separate discussions about derisking portfolio's because of a potentially overvalued Tech Sector. Within the context of those topics,…
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HMRC Attitude Towards Taxing of Fixed Term Savings Accounts
My wife and I were under the impression that if one was to opt for a fixed term savings account where you opt to have interest paid at maturity then interest earned would from this account only be considered as income in the tax year when maturity occurs. We understand that savings providers have a duty to report to HMRC…
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Edge Saver Problems?
##resolved## A bit of a strange one, I’ve tried to transfer out a bit of cash this morning from my edge saver account and the app doesn’t bring up the account as an option on the pay screen. Do other people have the same problem? I can see the account in my account list, and I can see the transactions. But then go to pay &…
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YBS and withdrawal days
Hi Just mentioning in case anyone else thought the same as i had. When YBS mention withdrawal days I took it to mean it was just one withdrawal allowed on each withdrawal day for the particular account. However when in the branch the other day I was informed that in fact if you can make 2 or more withdrawals on the same…
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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…
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General Discussion and Whimsical Banter
It was only a matter of time. Personally I've never minded the off-topic comments in the main threads to discuss top easy access and regular savings accounts, but I can see it's becoming a greater problem given that there just isn't a whole lot going on in the top end of the savings accounts market right now and possibly…
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S+P 500 (Vanguard)
Hi there- Does anyone have any advice about the S+P 500 (Vanguard) 14.26 5yr AAR or have already signed up. It has been offered to me via my Chip account- I am a newbie to investing so don't know very much at all but would like to grow my money rather than it sitting in 1 or 2% interest bank accounts. Any advice or…
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