-
Premium Bonds or ISA?
Hey, I'm 31. I'm saving for a home deposit/mortgage. I've so far managed to save £37,000. I currently have all of that in premium bonds. In the last year, I have won around £1500. So not too bad. Someone told me though, I could probably get more interest if I put that into a savings account. The only thing with that is I…
-
Tax treatment on dividends
Hi forum Unfortunately earlier in my investing life I bought an ACC fund in my GIA account. I have since learned that it is advisable to own INC funds instead, for tax reasons that I am now learning about! As a result I now top up my investments with the INC version of the fund, but still own the ACC version. Recently I…
-
Beehive - Legit / Any good?
Hi all, With the withdrawal of the NS&I bond (I literally just missed it today) I was looking for an alternative but I'm a bit loathe to transfer tens of thousands to a unknown but Beehive seem legit - part of Nottingham Building Society. Has anyone got any experience with them? Any problems or concerns? Many thanks.
-
Moving into stocks and shares (ISA wrapper? Dividend relief?)
I am looking to move into stocks and shares but am new to it so want to start small. My current situation for context is as follows: - c.£75k in savings - c.£60k of which is in cash ISA - Higher rate tax bracket - Maxing out my PSA each year - Likely to max out my ISA limit each year - Likely to need a substantial portion…
-
The Best Way to Save For My Child
Hi Saving for my 3-and-a-half-year-old's future, so long-term saving. Currently have £5000 saved for her (atm it's in Tandem, in my name, earning 4.65%). I save £120 every month, plus occasional extras, for example if I sell on any of her unused toys/clothes. I'm concerned if I don't invest it/some of it, her savings are…
-
Tax question on Maturing NS&I bonds
Hi, I have NS&I bonds maturing in 1 months time and my intent is to allow them to automatically move to another Bond with NS&I. None of the funds will leave NS&I for another year. Given I have earned interest on the current bonds and that will go into the new bonds with the original capital, when do I pay tax on that…
-
Investment advice regarding maturing NS&I Guaranteed Income Bonds
Hello, I have a couple of NS&I Guaranteed Income Bonds maturing in late September. I bought the bonds in September 2023 when they were offering an attractive 6+% interest rate and they have been locked away for a year. Where should I invest next as may need the money in the next year for a house move and want the money to…
-
NS& I Children's Bonus Bonds
I'm just wondering if anyone has had trouble cashing in their old Children's Bonus Bonds? My daughter has £250 worth of bonds bought for her in 2000 when she was born. We never received updated statements over the years like we were meant to, so had sort of forgotten about them after all these years. Upon finding the…
-
Raisin - Download transactions - Help needed, bit of a techie question
Afternoon all Has anyone here tried downloading their transaction list from Raisin? It seems to just download into one mass of data, not in columns (excel), in a .csv (comma delimited) file. (Whatever that means? ) Is there an easy (shortcut) way to split it out into proper columns from the wall of text, so that I can…
-
Short term easy access savings
I have in the region of £90k, proceeds of a property sale 12 months ago, which has been sat in a 6% savings account for 12 months and matures at the end of the month. I saved 20k in a fixed term cash ISA for the previous tax year which has matured and has been transferred into a Trading 212 cash ISA and have 14k also in a…
-
Repeatedly cancelling notice accounts
I'm looking into notice accounts for a better interest rate. I see that several say that you can give notice to close the account but cancel the closure (if you change your mind and want to keep the account) up to and including the day before the notice period is complete. With that in mind, surely one can just give notice…
-
One or two year bond?
I have a lump sum of money I would like to invest into a fixed rate savings account. I won't need this money for the next 2 years, so I would be willing to put it into a 2 year bond. However, I'm unsure about the interest forecast, am I better putting it into a 1 year bond and reinvesting it this time next year, or will I…
-
debt level /credit rating
Hello just asking for opinions here - I opened a savings account and my accontant suggested that I check their debt level to have a fair idea that it isnt a risky establilshment or could go bust. He suggested I ask them what their "debt level" is to give a rough idea. Is there actually a nice way to ask a bank that?? (or…
-
Withdrawing from Santander Investment Hub?
Hello, I'm trying to withdraw some funds from my Santander Investment Hub after recently selling. I spent about 45 minutes trawling the hub to find out how to withdraw my money but I can't for the life of me find any means to do it. I looked at all the guides online but there is no instruction on how you do it. Does anyone…
-
Where will I make more interest?
I currently have 3 savings accounts: 1 at 5.25% opened in Nov last year but I can only deposit £400 per month, interest paid annually 1 at 8% opened in Nov last year but I can only deposit £200 per month, interest paid annually 1 at 3.93% opened and I can make unlimited deposits, interest paid monthly I work part time due…
-
HMRC. When do I have to contact them?
I am retired and pay some tax on a private pension of £10k per annum. My wife is also retired and her pension is aprox £5k per annum. I claim State Pension, she won’t for another eight years. For the first time we have some money in savings accounts (Have maxed out ISA’s and Premium Bonds). It is in a couple of building…
-
Capital gain rather than interest
I would like to earn modest capital gains this financial year rather than interest. My plan to do so is to buy those investment trusts that people often use for income, buying the day after they go ex-dividend (so the price should dip to reflect the dividend) and selling shortly before the 'date of record' for the next…
-
Atom Bank 6 Month Fixed
Hi I want to invest in the Atom 6 Month Fixed deal at 5%. I'm just concerned about sending a large sum of money to them. Anyone currently using them ? I've got the app and opened the account but a little worried about sending £X000 to them Thanks in advance
-
Monmouthshire BS
Got a letter from them today. Several mistakes with my address, spelling, non capital letters. I decided to ring them up because I know my address exists, same as my previous addresses of which I'm pretty sure I had to put into the application form when applying for the instant access account, woman I spoke to was all like…
-
Halifax old account
I have an old Halifax account, possibly liquid gold I can't find any info on it but I regularly get letters from the Halifax about interest rate changes etc. I can't find account number etc and it's possibly pre email . I can't log onto their site as I have no info, I've tried contacting them in person but they are no help…
Have a savings question you're keen to discuss? Here is where posts around ISAs and tax-free savings live.
20.1K discussions
149.4K comments
Most recent: Vanguard S & S ISA transfer out by Mary108
Today at 8:30AM