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Extra 2% on savings ?
What does that mean ?
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How to avoid self assessment
I have received a letter from HMRC giving me an UTR number saying that they will let me know next year if I should file a self assessment. I don't want to file a self assessment. If I move enough money out of my savings account in order to have less than £10k interest this tax year and invest it into stocks, will I get out…
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HMRC calculation of tax owed on savings interest
HMRC notified me that I owe tax on my savings interest as is exceeds £1000 in 24/25 and is more than their estimate of £913. However I suspect (without going back and checking all my statements) that the amount that has been reported to them is quite a bit lower than what I have actually been paid across my range of…
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Tax on savings interest
Hi all, I had an unwelcome message from HMRC saying I had not paid enough tax during current tax year. Both myself and my wife are pensioners with additional company pensions. We have a savings account that produces interest in excess of £1000 allowance, my state and company pensions take me over £17000 and so pay 20% tax…
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Longer-Term Savings Interest Rate Stability
Does anyone have any thoughts about which savings institutions either statistically or subjectively maintain fairly high interest rates over the longer term? I just get tired of constantly having to move money around because an initially headline-grabbing rate has been slashed after just a couple of months. I just want to…
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What are the best resources for stock picking?
I know all the jargon that is going to come if I do not preface this but currently 100% of my portfolio is in VWRP and I definitely want 5-10% of my portfolio to be individual stocks. Bit of a sidenote but is would it be better to buy into the nasdaq 100 or an individual mag 7 stock (likely Tesla, Google or Amazon)
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Raisin Bank Blocking Access to Client Accounts
I’ve been a Raisin customer for approx 4yrs now and have held various Easy Access and Fixed term accounts during that period and until now, have been very happy with their products and service. I currently have one account with them. On 20th Nov, I received a call from someone claiming to be from Raisin but they couldn’t…
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Moved: New £12,000 limit on Cash ISA
This discussion has been moved.
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Merged: Will money market interest be taxed from Next year
This discussion has been merged.
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Investment scam, …elderly parent
Had phone call the other night from my 85 year old father talking excitedly about a scheme that was endorsed by Martin Lewis, except it isn’t! Presumably an AI bot but anyway he got taken in 😓 And yes, it was advert on Facebook …….. Me and bro have told him time and again about not clicking links etc but he ‘knows best’…
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Can I count brokerage monthly fee as cost in tax return?
As titled, I am using interactive investor and they charge a monthly subscription. May I count that as the cost, since it offsets part of the transaction fee? If yes, what's the best way to split them between different taxes (e.g. capital gain/interest/dividend) if there is more than one?
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GBP and USD cash interests on brokerage account - onshore or foreign in tax return?
I earned some interests from GBP and USD cash balance with 3 brokerage accounts (i.e., Interactive Investor, Interactive Brokers, and Schwab) and am confused whether they should be counted toward onshore or foreign interests in tax return. Interactive Investor - Since it's a UK company, the GBP makes sense to be onshore,…
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Coventry fixed bond matures 31st -no sign of cash yet
My Coventry fixed bond matured yesterday. It disappeared from my list of accounts sometime in the afternoon/early evening but it isn't yet showing in my nominated account [Santander] Should I just assume its because its a bank holiday? Is anyone else in the same position?
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Matured Junior Cash ISA with Tesco Bank
My son turned 18 and he can finally have access to his money. (It started as a CTF, back in 2003, and has moved to a Junior Cash ISA with Coventry, then NS&I and finally Tesco Bank.) He phoned up to ask that it be transferred to their best Savings account, but they will not do anything without him proving his identity, via…
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Help to Buy ISA with Barclays Bank
Hi, I have the maximum of £12,000 saved with Barclays in a Help To Buy ISA, which I was saving into each month since 2019. I am supposed to get £3,000 bonus from the Government if and when I am able to try and buy a house which is not looking very likely any time soon. Is this still the case, or will that bonus will be…
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Online broker whilst living abroad
Hello, Has anyone kept their investments with a uk based online broker whilst living abroad? I know vanguard.uk do not allow their customers to keep their account if the move overseas, but I was wondering if the likes of HL allow this.
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Checking savings interest reported to HMRC
Is there a way of viewing the savings interest reported to HMRC. I logged into my tax account but can't find this information. I have received a letter quoting a total amount but no breakdown on how they arrived at this amount. Any suggestions how to view this information would be appreciated please.
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Budget Dividend increase
Would this effect dividends paid on a fund held in an ISA/SIPP... Ie is the holder taxed, or would the fund be taxed before the dividends arrive in the isa...?
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Zopa investments and general cautiousness
I wonder if I'm typical of what people like Martin have commented on lately - the general reluctance of Brits to invest instead of save. I had an email from Zopa today inviting me to open a beta investment account. I can't choose the S&S ISA option because I've maxed out this year's allowance, so I'd have to go with the…
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Stocks and Shares isa
Hi can anyone help me, I’ve put my allowance in my cash isa for this year £20000 But I have a company’s sharesave maturing in December can I transfer these shares into the new stocks and share isa without selling the shares IE keep the shares in there untill I sell in the new tax year , I don’t want to pay capital gains…
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