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A rising tide lifts nearly all boats
FTSE100 was up 2.14% today with 99 rising and just one falling - the London Stock Exchange Group. Spoilsports.
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BEWARE : Post office easy access savings account recommended by MSE
Tried to open but apparently there is a problem verifying my linked bank account even though I have had the same bank for many years. Luckily I only transferred a £1 to the account details I was given. I phoned up to query and been told I have to post a recent bank statement with all personal details . Do not trust post…
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Co-op bank switching/tax liability
Last year the Coop launched a switching incentive: https://www.co-operativebank.co.uk/about-us/press-release/2024/the-co-operative-bank-launches-new-150-switch-and-save-offer/ There was £150 worth of incentives for switching and opening a Regular Saver account. Does any of this need to be declared on a HMRC self assessment…
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Moving Sterling from Uk to Euro in Ireland
Hello everyone. I hope I’m posting this in the right place. Apologies if not. After living in the UK for 21 years, I’m moving back to Ireland. I’m trying to figure out the most cost effective way of moving my life savings from Sterling in the UK to Euro in Ireland. Some of it is in ISA’s and some in notice accounts. From…
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Cashing Income Bonds
Hi My Mum had some Bonds that produce a monthly income, but due to her possibly having to go into a home, we may have to cash these in. From what I understand, if we do this, then they are liable got income tax? Looking for some advice with what is best, and if this is the case. Thanks
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Good Energy Shares suspension
Good Energy has recently got a new owner Esyasoft - and now my holdings of Good Energy shares no longer appear on my Computershare portfolio, as Good Energy is suspended from the stock market. What happens next? I've not had shared suspended before.
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How does one decide it is time to sell Marks and Spencer shares
Hi All, I currently own 7705 M&S shares, which I acquired during my employment there several years ago. I'm contemplating selling these shares and investing the proceeds in Vanguard funds instead. However, I'm uncertain about the optimal time to sell, given the fluctuations in the retail sector and my initial purchase…
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Legal case winnings
Had something awful happen to me which has related in a legal case which I have just settled. I am unsure how to invest my money? After fees I’m looking at approx £60K. I know I can put £20K in an ISA but unsure what to do with the rest? I don’t know a lot about investing! Would appreciate any help! Thank you
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Fixed year bond that only pays interest at Maturity
I want to move my savings into a 3 year bond. At that point I expect to retire. However, my preference is to have the interest at maturity,not annually. Is there such an account. Everyone I have called and tried all say the interest is paid annually. thanks
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File your Self Assessment return
Here we go again - another tax year. Only 4 days in and I have already received the email demanding I 'file my Self-Assessment return'.I would be happy to do so if HMRC were to sort out their own processes such that I don't have to wait until November before I can request a copy of the BBSI report for savings interest. The…
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Advice wanted re tax on savings interest
Hello, I wonder if anyone can help me with a query? I have recently come into some money and currently have it invested and managed by a financial adviser, but I'm concerned about the charges, specifically that they'll wipe out any gains. I wanted to know if I invested the money in a savings account instead (£90K), would I…
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Investment strategy 25/26
I've spent a few weeks reading 'Investing Demystified' by Lars Kroijer - what are people's thoughts on the simple portfolio of World equity index tracker + UK Gilts at this time? And appropriate splits for a 5+ year timeframe.
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HL fee query when dealing funds
Apologies for my ignorance but I find the HL help pages quite confusing ... I want to sell an Income Fund which is held in a GIA with HL and re-buy it within my HL ISA. As this is a fund, do HL make any charge to buy and sell if I place the deals online? Thanks.
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Explain please...
Monevator's newsletter today: "Trump’s supporters don’t care less that China ultimately buying a lot less US stuff would mean it would have far less need to hold shedloads of US treasuries. "Nor that unwinding China’s US debt stockpile would see US rates soar, crippling US households." I'd like to understand how these…
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Investing - Where to start?
Hi So I'm at the point now where I think I have too much in savings and probably need to start moving some into investments, especially as we start to see the savings rates reduce and interest start to dwindle. I'm not completely new to investing, I popped a couple of thousand into a S&S ISA last year divided between a…
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Santander Easy Access Saver Limited Edition (Issue 3)
Just had this email about my Easy Access Saver Limited Edition (Issue 3) We're increasing the term of your Easy Access Saver Limited Edition (Issue 3) by an extra 10 months. From 1 October 2024 you'll also get a new interest rate of 4.00% AER/3.93% gross (variable).
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Re Cahoot Sunny Day Saver
Apologies if I've missed the answer to this elsewhere.Is the maximum £3k for interest purposes referring to capital only, or would it include any compounded interest?Thanks.
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Would You Prioritise FSCS Protection or Choose a Better Platform Despite Exceeding the £85k Limit?
BACKGROUND: FSCS Protection Limits The Financial Services Compensation Scheme (FSCS) currently protects up to £85,000 per person, per authorised financial institution. This includes: - Cash in savings accounts - Assets held in Stocks and Shares ISAs - Pensions (e.g. SIPPs) - Investment accounts ...as long as the firm is…
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alternatives to equity
I have 80k uninvested in my sipp that i need to do something with. With only 15 years to retirement and the possibility of a falling market / no growth for a significant amount of time im looking for alternatives to the balanced hsbc global fund i was considering. Growth would be nice but really happy just to protect it…
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SJP Portfolio value drop
Hi. I was hoping for a little guidance on the following situation. My partner has a medium/high risk portfolio with SJP. At the beginning of February this year it was approximately £535k. Her fund manager advised withdrawing some £20k from the pension as it could be tax free. The pot has been dropping in value and, as of…
Have a savings question you're keen to discuss? Here is where posts around ISAs and tax-free savings live.
