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Do we need to report a sale of shares?
We have sold some shares, on behalf of our grandchildren, that were in bare trusts, the gain is under £3000 per child, they are not taxpayers. Does this need to be reported to HMRC?
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Retirement Investment portfolio thoughts
Considering retiring soon Aged 45 with a view to living until 90 or so, current portfolio in a variety of single stocks totalling around 1.5mil all in tax wrappers, Thank you Rolls Royce Our FIRE numbers Here have pension income/lump sum kicks in at 60yrs, 25k / yr and 144k lump sum. We have no children and no plans on…
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Opening new BoS current account?
We have accounts with Lloyds and Halifax, and have opened the 8% regular savers for Lloyds (OH), Halifax (both of us), and BoS (myself only). I have already got 2 Lloyds RS which I will let run to term. I didn't have any previous relationship with BoS but managed to create a login by using my Halifax account details. I now…
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Where to invest £100k today?
Hi I have £100k cash to invest, I have used my 2026/27 CISA allowance. I am 65, have 2 fully paid properties rented and not in the mood or energy for more. I have investments managed by institutions/banks doing OK not much above banks interest rates. Banks are paying now around 4.9% for 1 to 5 years fixed rate bonds. I've…
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Top Easy Access acs Ranked: Top of The Pots - **No Chat**
I've had a few suggestions/requests to start a separate 'No Chat' thread, as the ToTP list gets drowned in 'chat' in the 'Top Easy Access discussion' thread. The aim is to maintain an easy-to-find ranked list of the c.Top 10, available to open & manage online, Easy Access accounts, with links. The purpose of this thread is…
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SUN LIFE OVER 50 PLAN. A WORD OF WARNING
In November 2006 my father opened this plan with SunLife. He agreed to pay them £22 per month and was guaranteed a lump sum payment of £2,040 upon his death. My dad continued to make these monthly payments right up to the day he died at the grand old age of 90 in January this year, in fact Sunlife took a payement out in…
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Advice for ISA for wife
Hi, my wife is thoroughly pee'd off with Aviva since switching her pension to them, they seem spectacularly unable to take her direct debits every month. So she's decided just to leave that pension as it is with no further contributions and set something else up instead. She's 56 and this will go towards retirement, but…
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Gifts out of excess income
One of my parents has been diagnosed with a terminal illness. There was a life insurance policy, which paid out to the children, and premiums paid for around 10 months. We will be using the gifts out of excess income exemption for IHT purposes for these premiums. This has been the only time, thus far, that we will be using…
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SIPP Portfolio Advice needed please
I am 66 years old, wife is 64 years old, we are both retired I am on full state pension, and have a small private pension Wife won't qualify for state pension until 2029 She also has small private pension. We have joint savings of around £200,000 I plan to draw £15,000 from the above savings over next 2 years to supplement…
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IDS PLC / EP Bidco claim form
EQUINITI tell me i have to find the share certificate for my Royal Mail plc and sign a letter of indemnity which will carry a charge. But there was never a share certificate I could trace. But I have all of the dividends tax vouchers to prove i was the shareholder all the time. How much will the charge be? The number of…
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Selling Australian shares
Hi folks, my mother has recently (after what seems like it took forever to sort!) had a number of shares in Commonwealth Bank of Australia transferred into her name, that used to belong to my deceased father. The shares are managed by Link Market Services, but it appears as though it won't let us sell the shares via their…
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Etoro free £100 shares
Just a heads up Just opened Etoro via mse link to claim £100 free shares if you deposit £200 I added Initial small payment to check it worked ok Then sent second payment to make up to £200 However it appears that only the first payment is accepted so needs to be £200 to qualify for free shares Therefore I have just wasted…
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X-O (Jarvis) online platform to close in the summer
Most accounts (including ISA accounts) to transfer to Interactive Investor. Information here:- https://www.x-o.co.uk/faq.pdf
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Restructuring Finances Following Redundancy
Hi All, I just came through a difficult redundancy after many years with the same firm. I am fortunate to own my home with no mortgage and all debts are cleared. I am also very fortunate to have another job lined up at a slightly increased salary. I am 42 and my pension pot sits at circa £140k. I want to finally sort out…
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Complicated one involving Junior Cash Isa
I am looking for help with this because I keep hitting brick walls and I'm hoping somebody knows the answer. My initial question is this: If I have no ID except my birth certificate and my NI letter (I have not been in work or claiming benefits), can the bank refuse to allow me to activate my Junior Cash Isa? I am 20 now…
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Picking a world tracking ETF
Looking at - UBS core MSCI world UCITS ETF USD ACC It has an ongoing charge of 0.06% which is about half the price of other well known all world trackers. Is there anything to be wary of down the line with this?
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Gilt coupon income - report to HMRC without SA?
Quick question, apologies if this has been asked before. I currently don't perform self-assessment, for savings accounts just relying on the banks to report interest to HMRC for tax collected when above the PSA (which I will exceed). They've been doing this accurately and I do have a personal tax account. If I held a…
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Photo id for ISA mandatory?
Having an argument with Nat West and they've made the following statement: "For certain regulated products, including ISAs, a valid photo ID is mandatory under UK financial regulations and anti-
money laundering laws. While alternative documents such as a birth certificate, utility bill, or paper driving licence can…
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Fundsmith again.
I've held Fundsmith for many years and it did very well for me. I sold out of the ISA a some years ago for better options because no sell liabilities, and have slowly brought down the GIA amount in CGT exemption steps. In the days of 12.3k exemptions this was pretty easy, but now with 3k it is more difficult. I've never…
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Which fund to use a wrapper ?
Previously I was hoping to put some of my spare cash in ILG or gilts but the situation has changed. I am reviewing how to use my cash which is split into two main pots, a cash and a cash ISA. I am trying to decide when to use what and for which fund to minimise tax. I hope not to access these funds for the next ten years,…
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: Exempt OAPs from tax on inter… by friolento
27 July at 10:57PM
