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Problems Opening an OakNorth Account
Hi, Has anyone had any difficulty trying to open a Fixed Rate JOINT Savings Account. Edit: OakNorth have sorted out the problem. All solved
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BAYE or SAYE
My employer offers a BAYE and SAYE savings scheme and I can’t work out which is better for me. Buy As You Earn - buy shares before tax and NI contributions. If you hold onto your shares for at least 5 years you won’t need to pay Income Tax or National Insurance on the money you get back. May lose money if share price…
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Considering opening a Cahoot Simple Saver, quick question
I have a Chase Boosted Easy Access account which is due to mature on 28/10/25. I already have a Cahoot Rainy Day Saver account. My question is, if I apply for a Cahoot Simple Saver, will I have to submit ID again, or will they just allow me to open it when I apply and will I get to fund it straight away or will I have to…
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Do transfers to new ISA’s break the rules if done more than once in a tax year?
I had a maturing ISA in July and transferred the money to a new S&S ISA that I had not previously fed with money. I have another ISA maturing this month. Can I transfer the money in that to another new ISA this year?
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Saving for Granddaughters School Fees
I have decided that I would like to help fund the private school fees for my granddaughter when she reaches her 11th birthday. My goal is to reach £120K over the next 6 years. I understand due to the timescales that this should be in savings rather than investments, but saving interest rates are falling. My initial thought…
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Wise to have a second lower risk SIPP with Vanguard in the current climate?
Hi, 51 yo with a Nutmeg SIPP (4/5 risk rating). In order to reduce my higher rate tax bill I am interested in investing more but into a separate lower risk pension pot. With the stock markets looking a bit overheated I am considering opening a second lower risk SIPP with a provider such as Vanguard. I assume I can select a…
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Short Term Cash Deposit
We will have approx £700000 to deposit from the sale of our house. We will be renting after the sale as our new property won't be ready to complete until January at the earliest. Where would be the safest place to deposit this amount that also earns a little bit of interest? We could give around 30 days notice for a…
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Grand child savings account
Hi. As grandparents we are wanting to open a savings account for him, he is 6months old. Not sure if anyone can help with best ones to look at. This savings would run until they were 18 or 21 years old.
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Reclaiming US Withholding tax
I've sold some shares via UBS in the USA. Apparently my W-8BEN from was out of date and they have withheld part of the proceeds as tax. I'd like to try to reclaim the money withheld. It isn't a huge amount ($1000) and using a third party company to carry out the work would eat up most of that amount. Therefore I'd like to…
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Moved: Probate when you only have "savings"
This discussion has been moved.
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income generating fund 4%
Hello, is there an etf fund that can provide a 4% income per year and is mid to low risk currently? Preferably with monthly income.
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Marcus Goldman. What to do?
Hi. I have just opened a 1 year fixed-rate account with the above bank. I intend to pay in £85k. Yesterday i rang Santander, where my current account is, to transfer the money They said their system couldn’t verify the payee details and they advise me not to do the transfer. I tried myself online, just planning to transfer…
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Sporadic saving rate increases
In contrast with the recent trend of a slow drift downwards in savings rates, there are several recent instances which buck the trend. I see Hodge have just increased their easy access rate up to 4.21 after dropping from 4.4 to 4.15 last month. Oak North have just upped the rate on their 95 day tracker from 4.51to 4.54.…
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Tax on Savings Interest
Hi, I'd like to understand how HMRC charge tax on savings interest, with regard to the example attached. I've read this https://www.gov.uk/apply-tax-free-interest-on-savings and see that low earners can get the starting rate for savers plus the personal savings allowance. The example is for my wife who is earning…
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Global ETF vs Global Index Fund/OEIC
Sorry if the title isn't very clear as I'm new to investing. I am looking to invest a sum of money into the global stock market. I have started to watch "Damien Talks Money" on YouTube, and he said that if he was getting into investing again he would start out by putting money into the Vanguard FTSE All-World ETF…
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Scottish Friendly fund transfer nightmare: my six‑month ordeal
Hi all, I wanted to share my recent experience with Scottish Friendly in case anyone else is considering investing with them. Earlier this year I requested a transfer of funds from a Scottish Friendly account to a OneFamily account. What should have been a simple and straightforward request turned into a six-month saga.…
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HSBC £100k Investment £1k cashback offer (Premier Account)
An interesting email from HSBC. Firstly inviting me to apply to upgrade to HSBC Premier (from Advance) but also if I invest £100k between 15th Oct & 15th Dec then can earn £1k cashback on 31st January 2026. https://www.hsbc.co.uk/content/dam/hsbc/gb/pdf/accounts/hsbc-uk-premier-cashback-offer.pdf The sting in the tail is…
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CGT bands
Does
the 25% tax free cash taken from a SIPP count towards the threshold for 18% /
24% CGT bands?
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Starter Rate for Savings Calculated on Gross Salary or Salary Less Employee Pension Contributions?
Hi all, Apologies if this has been asked before, I searched and couldn't find a specific answer. Id like to know for sure how the starter rate for savings is calculated with respect to employee PAYE pension contributions (deductions). Lets say my gross was £18,000 and employee pension contribution (net pay arrangement,…
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United Trust Bank link on MSE site
I used the above link to open a 4.3% Savings account. The account is up and running but I am unable to access it online. I'm waiting for them to send me a Username and password. It's now 2 days since I applied. The account will close if I don't deposit anything within 28 days so I think I'm going to put my money elsewhere…
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