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Savings & investments

Discuss premium bonds, regular savings accounts, autosaving apps, shares and much more.

Declaring interest to HMRC
I’m a 45% tax payer and the HMRC quiz tells me I do not need to fill in a self assessment tax return. However, I think I’ve read somewhere that I need to tell HMRC if I’m getting interest from savings, as the bank will only deduct 20% when really should be 45%. But I don’t do the self assessment, can HMRC work this out for…
Starting pension advice please
Hi I am 34, I am fortunate to own my own house worth approx £250000 but I have very little knowledge of pensions and realise I need to start somewhere. I am about to go freelance so my salary will be approx £30000.. I am looking at whether to open SIPP or S&S isa any advice would be much appreciated.
2024 - 2025 Tax Not Calculated
I logged into my HMRC account today and it says it can take up to October to calculate. Is that right? I'm not self employed and have an employer however I started earning interest from savings in 2024 so I'm wondering if that's the reason it's not yet available, or is this normal? I'm wanting to prevent being taxed extra…
Problem with NSandI site
I keep getting booted off the site, for no apparent reason. Is anyone else having trouble with the site today?
technophobe granny savings account
My wife and I are both approaching our 'sell by' date ... I deal with all finances and have a couple of different accounts that all require smart phone ot computer , which is simple for me ... I want to plan for the eventuality of me going first , in which case my wife would have big trouble managing our money.... She…
Sovereign Gold Bond
Anyone invested in these? Imagine would have done well over the past few years. Besides the link to gold pay an annual 2.5% interest too
Investing money in Trust
My father passed away last August and left his house in Trust to myself and my brother, but has given his partner the benefit of Life Tenancy. She wishes to sell the house and buy somewhere else (which she has the right to do) and any residual money from the sale has to go into Trust for myself and my brother but has to…
Bare Trust - Multiple beneficiaries?
Hi, I'm investigating the process of setting up a bare trust. The intent is to put assets in trust on behalf of two minors (the beneficiaries). What's not clear from my internet research is whether it is better (or indeed even possible) to create a single bare trust with both minors named as beneficiaries, or whether a…
Savings account to send a fixed monthly value to a current account
A family members has asked my help in setting up some kind of account that will drip feed them a small amount of money each month (to top up their salary) without them having the ability to access the capital (to avoid temptation / aid financial prudence). They would be happy to give me the lump sum, but not sure that is…
Abbey National shares
Can anyone tell me how to sell my Abbey national shares. I have already been to Santander Bank and asked them, but they were not able to help me. All they did was to give me a phone number which I did try but no one pick it up.
Drip feeding
After reading advise given on MSE I set about the process of opening an Easy Access savings account with the intention of depositing a lump sum say just for example £5,000 and using the Easy Access account to drip feed my Regular saver account .I bank with the Co-operative bank and can get 7% interest with their Regular…
Direct Payment Schemes for Inheritance Tax (IHT423) - Stocks and Shares
As HMRC have recently (late 2024) changed the rules to enable stocks and shares to be sold before probate is granted so that Inheritance Tax can be paid from the deceased's assets, under their "Direct Payment Schemes for Inheritance Tax (IHT423)", I've been trying to find any provider that has opted into this. I'm…
Big Nationwide Thank You
Looks like Nationwide are giving millions of their members a £50 bonus next month. https://www.nationwidemediacentre.co.uk/news/nationwide-pays-over-gbp-600m-to-members-as-a-big-thank-you-following-virgin-money-deal Seems to be unrelated to the Fairer Share Payment.
General Discussion and Whimsical Banter
It was only a matter of time. Personally I've never minded the off-topic comments in the main threads to discuss top easy access and regular savings accounts, but I can see it's becoming a greater problem given that there just isn't a whole lot going on in the top end of the savings accounts market right now and possibly…
moving shares
I'm a complete novice with shares, so apologies in advance! I have a few Lloyds Bank shares (from the Margaret Thatcher era) that I want to sell, to simplify things for those dealing with my affairs when I die. They are held by Equiniti Shareview, and I can see them in an online account. They are the only shares held…
Leeds BS online banking broken today?
Yesterday I made a withdrawal from a Leeds savings account with no problems. When I tried the same thing today, I got as far as the system sending a 2FA confirmation code.After displaying a rotating 'busy' icon for some time, a message appeared indicating the code had been sent to my email address.However, no code arrived.…
Saving acc no interest
I want to save an amount every month but I dont want any interest.Do I just get a current account? Or are there any saving accounts out there that reward you differently without interest coming into it?
Companies Without Savings Apps
Following on from my 13th payment project ( https://forums.moneysavingexpert.com/discussion/comment/80737194#Comment_80737194?utm_source=community-search&utm_medium=organic-search&utm_term=13th+payment+ ) here is a list I've been working on for longer. Building Societies: BeverleyBuckinghamshireChorleyDarlingtonDudleyEarl…
Paying tax on interest
I am employed and self employed. As I understand it , you need to declare what interests you have earned on savings in your self employment tax return and then pay the tax due. But also if you are employed it will come out of your pay as HMRC will change your tax code accordingly to collect it in the next financial year…
Global tracker or diversify?
If global trackers hold approx 60-70% US stocks, in proportion to global market weighting, some commentators have concerns that this means being over exposed to US and the days of US exceptional out performance may be coming to an end. Some therefore advocate reducing holdings in pure global trackers and allocating more to…

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MSE News

Martin Lewis: How to call your bank with just three digits – as 'anti-scam' phone number called over a million times
One million calls have been made to the '159' anti-scam phone number since its launch in 2021, new figures reveal today (Wednesday 30 April). MoneySavingExpert.com founder Martin Lewis – one of the well-known faces most used in scams – explains how to call your bank by dialling just these three numbers.
Revealed: Holland & Barrett's supposedly cheaper 'Subscribe & Save' often costs more – it's promised a review after our investigation
Holland & Barrett's 'Subscribe & Save' scheme claims to offer regular shoppers "the best value" – but it failed to do so in the majority of cases MoneySavingExpert.com checked over a five month period. The retailer has now promised to review the scheme after our research found it was often more expensive.
Don't get your passport by post – 360,000 paid more than needed last year
If your passport is due for renewal, apply online if you can – it'll save you £12.50. More than 7 million Brits did just that last year – but over 360,000 missed out on savings by using a paper form instead, MoneySavingExpert.com can reveal.
Sainsbury’s Bank customer? NatWest takes over this week – here's what it means for savers and borrowers
Sainsbury's Bank's savings, credit cards and loans will be taken over by NatWest from Thursday 1 May. For most, this means little will change for now as the Sainsbury's Bank brand will remain, though it's expected to be phased out towards the end of this year. However, if you've over £85,000 saved across both banks, it's worth considering moving any excess elsewhere to ensure your cash remains protected.
Chase customer? Check if you can get its newly boosted 4.8% easy-access saver
If you've got a Chase account, check if you can boost your easy-access savings to 4.8% – made up of a 1.8% AER fixed six-month bonus plus its standard 3% variable rate. Chase says over 2 million customers can get the boost, which would top our normal savings tables if it were open to all, though it's beaten by the top easy-access cash ISAs.
NatWest to complete takeover of Sainsbury's Bank this week – here's what it means for savers and borrowers
Sainsbury's Bank's savings, credit cards and loans will be taken over by NatWest from Thursday 1 May. For most, this means little will change for now as the Sainsbury's Bank brand will remain, though it's expected to be phased out towards the end of this year. However, if you've over £85,000 saved across both banks, it's worth considering moving any excess elsewhere to ensure your cash remains protected.
Martin Lewis: Is the £20,000 cash ISA limit about to be killed off? What savers should be doing now
Plans to cut the £20,000 cash ISA limit later this year are being considered by the Government. In his latest video, MoneySavingExpert.com founder Martin Lewis explains what's likely to happen, what the changes would mean for savers and what you should be doing now.
NatWest to complete takeover of Sainsbury's Bank this week – here's what it means for savers and borrowers
Sainsbury's Bank's savings, credit cards and loans will be taken over by NatWest from 1 May. For most, this means little change for now as the Sainsbury’s brand will remain, though it's expected to be phased out towards the end of this year. However, if you've over £85,000 saved across both banks, you'll need to move any excess elsewhere to ensure your cash remains protected.
NatWest to complete takeover of Sainsbury's Bank this week – here's what it means for savers and borrowers
From Thursday 1 May, Sainsbury's Bank credit cards, loans and savings accounts will be run by NatWest as part of a deal between the two banks. You'll be moved to NatWest in the future, likely towards the end of this year, but for now the Sainsbury's Bank brand will remain and you can continue to use its products and services as before.

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