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Cash-in Pru/M&G New World Life Investment Bond
My wife paid 100 pounds per month into this bond from 1999 until 2022. So total invested is 27600. Its value is now 54800. Its an onshore bond. Her total yearly income is quite small; less than the personal allowance so she pays no income tax. She is resident in Scotland. If she cashes in and withdraws the full amount in…
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Calculating PSA
Hi, Is there a template for working out your PSA please? Does it include PIP benefit? I work part time, and want to work out if I will be going over with my savings interest.
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S975 Certificate - Wrong figure quoted for Gross Interest
I recently requested from NW an S975 (2023-24) for a loyalty
savings account that I have held with them for a number of years. This arrived in good time but the Gross
Interest figure quoted was exactly double that which NW paid into the account
in December 2023. No other interest was
credited to this account during the tax…
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ii SIPP Portfolio X-ray - Management Fee?
I've recently transferred an old pension into a SIPP in ii, and have generally been having a good experience with setting it up, investing in a few mainstream funds, and the low fees. Just one thing that puzzles me. The Portfolio X-ray feature is excellent for breaking down equity distribution etc. But in its "fees"…
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SVS Securities - shut down?
I tried to access my account this morning and it just times out (eventually). There are some rumours online that it shut down yesterday, but it's not exactly plastered all over the place, and I've never heard of the sites carrying the rumours (so no idea how reliable they are).…
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Selling Property in UK
I am selling my home in April and not sure when or where I will buy again. Where should I keep the money in the meantime? Are there things I need to know?
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Freetrade ISA Share Dealing
How do you buy a specific number of shares here? The app only asks for an investment amount so you might not get the exact number of shares you want. EDIT: You can SELL a specified number of shares but how do you BUY?
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Do banks still send annual statements of interest paid?
After a recent inheritance, I'm facing with having to do self-assessment in order to declare my savings accounts' (multiple accounts) interest amounts, as they total over £10,000/pa, and pay tax on them. I'm not working, so I'm not on PAYE. Do banks still send an annual certificate of interest earned every tax year, either…
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Bank account for my one year old - who has ownership over his money?
I’ve been putting some money aside for my child who is 13 months old. I set him up with a Halifax Kids Monthly Saver as this was the best rate for 1 year. The money has now been automatically transferred into a Kids Saver with a much lower rate but I really want to get the most interest out of this money before he’s an…
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How much interest do I owe my son? His savings used to offset mortgage
I have an offset mortgage. I have used my child’s savings to offset to pay less interest. He’s now 18 and I want to give him his savings pus a fair interest ie what his pot would be worth now if he’d put it in a saving account and benefitted from compound interest etc. How do I go about calculating? Is there a formula?…
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What's the point of the YBS app?
Yorkshire Building Society keeps nagging me to get their app, but what can you do on it that you can't do with a browser? For example, they've just sent me this, which at first implies that you can see all your interest for last tax year 'all in one secure view' but it then goes on to say you have to select your account.…
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Can I get my tax code changed?
I've had to pay tax on savings interest from the previous tax year so my tax code has been changed accordingly. I've paid the tax owed directly on the HMRC site, but I will still be paying more tax because HMRC expect me to earn the same amount of taxable interest this tax year. I've moved money into ISAs so I know I…
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Skipton BS - Member Regular Saver
I see the the current Member Regular Saver offered by Skipton BS says you need to have been a member on or before 10th November 2025. Do you have any idea how often this date is updated and by what time period? I am wondering how long I need to have been a member before I can open this member regular saver. When I say I…
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CGT reporting after shares sold
Hello. we arranged for the sale of share held by my mom which was completed in January, looking at the government website I don't think we need to do anything in respect to reporting them, but can someone just clarify I am reading it right as wouldn't want mom to get into trouble with HMRC. the website indicates that: If…
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Rising SIPPS and DIY learnings
Years ago I came on here, not knowing much and have read and understood some during that time. At the point in time with what was a pretty small amount of money the general consensus was Global Trackers fire & forget. The value of my investments, built on that mantra and with continued investing have grown significantly as…
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Vanguard Lifestrategy - Global or home bias
Does anyone have a viewpoint on which of these VLS option they prefer, and why?
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SIPP or Invest or Just Savings Account ?
Hi, I am currently 61 and have a SIPP with Lloyds with just over £7000 in it, I put in £160 per Month and they top it up with £40 Tax Relief so £200 a month goes in. I have set my retirement age at 75 (ambitious I know) but given all the restrictions of when it actually comes to taking the money out, I was wondering if it…
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New Ts &Cs bank notifications
Hi all, This is more of a question of clarification. I have received a number of emails about the above title and having read most of the changes it seems to be a constant. I am clear that the new FCS limits have been raised to £120k per account/bank but I also see a notification that my acceptance of the banks new Ts & Cs…
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Chase marketing
Hello, I recently had 2 emails from Chase, I have an account with them. The first email was about referring friends to Chase, the other about Travel/mobile phone insurance + UK Breakdown. At the end of each emails it states - 'Please don't reply to this email directly. This is an important email about your Chase account…
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Paragon Bank - can't see all accounts
I have had a number of accounts with Paragon over the years. It seems that I can't see details of all my "closed" accounts (typically these were 1 year non-ISA bonds). Why ??
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