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Move money from easy access ISA to Marcus 1 year fix at 4.55%?
I'm retired and most of my savings are in ISAs with not so good and likely to fall interest rates. I've always thought the ISA money is there till I need it but at this point does it make sense to lose it's tax free status and move some to make more in the Marcus? I do pay tax on my state pension because I didn't take it…
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SIPP or not
Dear Forum Friends, I wanted to pick your amazing brains. 1. Hitting 47 soon, if I open a SIPP when can I access the money 2. Which SIPP provider will you recommend? 3. If I pay sum I earn above £50k into a SIPP, will this mean I only bay 20% tax and in 10years access the amount saved, circa about 10k pa? 4. Is the age 55…
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Hargreaves Lansdown charts not working?
Hi, Is it just me? I've used both Chrome and Edge but a lot of the charts won't display, this has been happening for a few months now, I don't know if it's something my end or HL have changed something their end. Anyone else have this problem or is it just me? See example below:
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Short-term money market fund versus ETF
Looking to park around 200,000 for opportunistic trading, maybe 3 to 5 trades per month. If the platform fees are equal, do you think the slight leakage of an ETF in the bid/ask is less cost than the days out of the market using a fund. is it possible to model this using data over the last 12 months of say CSH2 vs Royal…
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Advice on financial advice!
Hi all So I am 42, with a mortgage, live alone, no kids, a secure job which has a good pension (relatively speaking), earning above average wage. But I am not in the higher tax bracket, I do not have a posh car or a huge amount of outgoings. I am increasing my mortgage so I could improve my home (kitchen and bathroom).. I…
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Trying to track down investments with Royal Life Fund Management Limited on behalf of my mother
Hi All, I am trying to help my mother track down investments that she has lost track of. These accounts will have been dormant for many, many years. It looks like she had holdings in: · Royal Life International Speculative Trust · Royal Life Cautionary Trust · Royal Life Growth Trust Companies House has Royal Life Fund…
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Hargreaves Lansdown New Fee Structure
Just had a "Our charges are changing" email from Hargreaves Lansdown. Changes kick in 1st March. Positives are: Management fee is dropping from 0.45% to 0.35% Trading Fees dropping from £11.95 to £6.95 Negatives: New charge of £1.95 to trade funds - was zero Cap on fees for shares up from £45 to £150. I'm going £105 worse…
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Tax Rate - Savings Query
Good afternoon I have a question really in relation to savings, which I’m a little bit confused about. with my income without taking into consideration any savings income I am below the 50K threshold so obviously 20% tax rate. a couple of years ago I gain some money ( death in service ) and decided just to put that in a…
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Hargreaves introduction of charges looking for an alternative place for F&C investment trust
I have my F&C investment trust shares with Hargreaves "Fund and Shares" account pays no fees. From March I will be paying about £12.50/month.(£150.00/annum) I am a passive investor and have not bought shares for few years. Scottish Windows says no platform fees for holding shares. 1. Can I transfer my F&C from Hargreaves…
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Managed/Model Portfolio ISA/Pensions?
Looking at SIPP providers and I notice several platforms (II, Vanguard) offer a regular SIPP and a "managed" SIPP. The composition of the managed SIPP looks very similar to their "off the shelf" fund ranges so I'm not entirely sure how the "managed" option is really that different to just opening a SIPP and buying the "off…
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BSSI inaccuracies
Earlier in Jan I filed my tax return with my interest figures, I also requested a copy of the BSSI they have for me My interest figures show I am just below the threshold for paying tax on it. But HMRCs figures are much higher due to old accounts, long since closed. Do I need to go back to HMRC and give them details of…
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Vanguard cuts LifeStrategy fees and reduces UK bias
Announcement from Citywire:* Vanguard is cutting fees across its £52bn LifeStrategy funds and reducing the range’s bias to UK assets. * The passive investment giant will reduce fees on the multi-asset funds from 0.22% to 0.2% on 27 January. The funds’ allocation to both UK equities and bonds will meanwhile be cut between…
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Looking for an investment
I'm looking for something with a track record & good future potential to grow or yield around 5-6% annually over 5-10 years , monthly volatility is fine , low risk but some risk of underperforming but not more than 1% below BoE interest rates and very resilient to a tech sector crash, with reasonable good resilience to an…
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Cash house buying or 50% investment / mortgage
A bit of advice please , looking to buy my first property this year at the age of 50 this year. Have enough to buy the house outright if needed ( around 250- 300k ) but not too sure if this is the right approach.. Would it be sensible to use 50% cash for the deposit make up the rest in a mortgage ( around 4% ) and invest…
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Principality - Move money between accounts - changed procedure
This morning I used the Principality Building Society website and clicked "Account Services - Move money between Principality accounts" as I do at least once a month, and it generated a secure message requesting that I wished to move funds from one Principality account to another, which had to be actioned by a member of…
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Hanley Building Society
Hi all, Can't see this posted anywhere else on here. In the local paper to Stoke on Trent today, its reported Hanley Economic is facing potential organisational changes and jobs could go. No need to panic as savings protected. Quote: JOBS could go as one of Stokeon- Trent’s oldest financial institutions is facing…
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US Investment plan terminated - USD cheque sent
Anyone know how I can cash a US Dollar cheque? I had some Liberty Global shares, that split and a few went over to the US.... I've now had a cheque advising "??? plan was terminated, and all shares were under a mandatory cash payout.". They've sent me a US cheque and advised via email that they cannot add a Direct Debit as…
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Selling foreign shares
My friend is the executor of a will and there are some foreign shares involved. Probate has been granted but the solicitor cannot deal with the foreign shares - when I looked up selling foreign shares it just says you have to do it through a broker - any advice or is it just a case of going online etc
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Where would you put proceeds of a house sale
Topic started at work and been bouncing back and forth all week. If you had £500k from the sale of a property, and wasn’t going to buy another property, how/where would you save it? If you was a non earner medium attitude to risk, I wasn’t sure how you would distribute the money, as even if the sale finalised in March,…
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Advice please with a Clerical Medical Distribution bond.
I have held a Clerical Medical Distribution bond since 2001 with a opening value of £20K, it current value is about £24.8K, I have taken several with drawls of £1K, on the last with drawl I had for the first time pay tax on the with drawl. I would welcome advice on a few issues with the bond. 1. Is it a good investment to…
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