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Daughter finally flying the nest
Little one and boyfriend have bought a house (a gazillion £ compared to the ten bob me and Mum paid for ours) Both work for NHS @ about 50k each. They are asking for financial advice. NHS pension great but neither wants to work beyond 60 (55). All their savings have been going to house but what now? Have suggested automate…
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Financial Guidance
The old fella and me are thinking of selling our house. We want to move nearer to his work, but don't want to buy in that area. He retires in 4 years, so we're thinking of selling the house, renting a small place until his retirement and then with the sale of house money and his retirement payout buying a new home…
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400k cash investment tax implications
Hi I have 400k that I wish to get invested and apart from the GIA route which has tax implications. I can slowly use this money to fund my ISA each year but that has CGT impications and it will take years. I went to see IFA and they suggested investment bonds which I don't know much about so going to do some research. Has…
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Shawbrook - maturity option rates guaranteed?
May I ask those who've had experience with maturing Shawbrook fixed rate accounts (whether or not ISAs), if they selected an option 3 - 4 weeks prior maturity, is that rate guaranteed if the rate subsequently drops? Thanks.
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HMRC Tax Code changes are on their way
I don't mean generally, but for those of us who have exceeded our PSA. Confusingly though, the notification I received this morning via their app was a Tax Code change for 24/25 based on estimated untaxed savings interest for this tax year. Yet, when I check for tax due on my untaxing savings interest for 2023/24, it still…
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Setting up a bare trust account for child
Hello, We are looking to setup a bare trust dealing acccount with AJ Bell. Donors would be grandparents of the beneficiary (who is 5 years old). Questions I have: 1) is it best to go to a solicitor to draw up the bare trust deed to make it bona fide a bare trust or is the aj bell form together with TRS registration good…
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Rearranging gilts: deckchairs on the Titanic?
Luckily, perhaps, only 20% of my fixed interest holdings are in a gilt index fund (the rest is global aggregate, corporate and a 2029 linker) but it's still not much fun watching it drift lower and lower. I'm tempted to move it into a nominal gilt of similar duration, something like TR33, to lock in the current yield. Or…
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CGT 30 Day Rule and ETFs
Hi If you sell shares in an ETF that tracks a particular index such as the Nasdaq and within 30 days buy another ETF that tracks the same index with a different provider, does HMRC accept that for CGT purposes?
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Santander Edge
I haven't been able able to find answers for my following queries the Santander website. Apologies if the can. I have an Easy current account (I can't understand what's the difference with the previous 123 lite). I would like to work out the requirements for Edge current and Edge saving accounts. I've read several time the…
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Investment platform scam - Beginners Guide
A close vulnerable relative has been caught up in a scam investment platform, and I can't find anybody complaining about it online yet so just seeding the URL name where I can to generate a digital footprint. I caught wind of the activity and spotted the URL. I did and found the following for the (nicely designed) website.…
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Gambling Transactions when blocked
Hi all hope this is the right place i have 2/3 bank accounts and I always have gamble block on. My TSB account has it this on for months, however I tried to deposit money into live score bet (it’s commissioned by gamcare etc) and low and behold it went through, I’ve not lost a lot of money but surely the bank needs to get…
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Raisin fixed rate - what happens if processing not complete before rate reduction?
This morning, I applied for a fixed rate account through Raisin. There is a notice from the provider saying that the rate will reduce starting from tomorrow. I completed the procedure (transferred money into Raisin account, then applied for the fixed rate). I checked just now (just before 20:00). The money is still in the…
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Child savings
Hi, I’ve got 2 children both with about £3000 each in savings. I also save their child maintenance each month (around £80 each). I’m confused with all the advice on child savings. What is my best option for this? The money is currently in a random bank account of mine. Please can someone advise me what’s best?
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NS&I maturity options
Hi, what are most people doing with their NS&I bonds? Is there anyone letting theirs roll over for another year? Mine matures in over a week's time, and I'm just thinking about what to do.
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Tembo - are they any good
I have never used just an online only account before and am looking at setting up a Tembo ISA to transfer my ISA across to, I am slightly nervous about an online only account and was wondering how people get on with the Tembo one? TIA
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Junior ISAs
This discussion was created from comments split from: Child savings.
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Data source for 2 year gilts
Is there an official data point for a 2 year gilt yield and how it is calculated? TMBMKGB-02Y seems to be the ticker (if that is the right term for a benchmark). Marketwatch currently shows 3.955%, but dividenddata shows the nearest dated gilts, TG27 and TR27, as yielding 3.807% and 3.778% respectively. Yieldgimp also…
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Buying index-linked gilts via Halifax Sharedealing - my 'interesting' experience.
As have been a few discussions recently about buying gilts, thought I'd share my first experience with buying an Index linked gilt via Halifax Sharedealing, as it might be of interest to someone. It was certainly more eventful than I had planned. My intention was to dip my toe in and buy £20k of TR50 - An index linked gilt…
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LBG Savings accounts
So today I got emails from Bank Of Scotland, Halifax & Lloyds saying they closing my account, telling me to check the app inbox, panicked thinking !!!!!!?, so checked, it's all to do with 9 savings accounts (across the group), I haven't used the past year & they all going to be closed in January next year unless I deposit…
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TREASURY 5.375% 31/01/2056 (T56)
Anyone tempted to lock in this seemingly high yield? I will be over 90 when it matures. 🤣🤣🤣
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