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Can customers influence how companies handle their complaints?
Hi All, Recently I had to raise several complaints with my 2 financial brokers. Things like delayed ISA transfers, errors during transfers, violations of special offers' T&Cs etc. Each have their own way of handling complaints but they all make it hard to make a complaint and keep track of it. Here's some examples. 1. One…
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Are there any regions that aren't doom-laden investments?
While musing a reply to another thread, I was thinking about regional investments, but it seems like just about every major region has a good reason not to invest currently: US - very high valuationsJapan - susceptible to china woes, governance, tariff vulnerability?Europe - geo-political turmoil, tariff vulnerabilityUK -…
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Sons inheritance where best to earn money
Hi my son received £25,000 from my mother when she died nearly 7 years ago I put in an investment account it is now £26418 (it did go to £30,000 and dropped to £22,000 at one stage) which I feel is quite poor return. As he is nearly 17 I wanted to put in a more secure location ready for him to use for a deposit on a house…
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Selling shares and capital gains tax
Hi to anyone reading this and thank you for taking the time to do so. I'm after some guidance regarding my holding of certificated shares that I would now like to sell. The shares have been acquired over the last fifteen years or so through transfers, purchases and dividend reinvesting. For this reason I do not have the…
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Premium Bond Calculator On Moneysavingexpert - Is there an error?
The link is below: https://www.moneysavingexpert.com/savings/premium-bonds-calculator/ When it was comparing winnings to a saving account using 50k at 4.85% at Basic Rate Tax it gives a return value £2140. But 50,000 x 4.85% = £2425 Therefore 80% of £2425 = £1940 Is my maths flawed?
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What platform to buy crypto currencies through?
Hi all, Im looking to have a play with cryto currencies. Nothing serious, just a bit of play money. Im looking for a decent platform to buy through. (reliable, cheap trading, hopefully not going to go bust overnight). Can anyone recommend any? Do they usually charge a commission, or a dealing charge? Perhaps theres a fund…
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Savings for Twins
My wife and I have been saving for our twin boys since they were born and they have almost £30k each in savings. We've not been happy with the interest they have been getting over the years and would like to move the money somewhere else where it may earn more than it is at current. Can anyone recommend the best way to do…
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Newbie advise for Life Assurance / Death in Service Trust accounts for child beneficiaries
Hi There My sister died very suddennly in Early December working full-time. She was divorced with 2 young children under 11, who are her sole beneficiaries. I am an executor of her will, along with our brother. Their father is not on the scene. Her employers offered a Life Assurance / Death in Service policy which they are…
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Blockchain Funds UK
I tried searching the forum for this and only found a partially relevant thread in the pensions category, I responded but there wasn't much uptake. Perhaps those invested may see it here? So, how many of you are invested in blockchain ETFs? I've a high tolerance to risk (easy come easy go, in for a penny in for a pound...)…
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Almost nobody in my workplace invests in the stock market for their retirement, it's insane.
I work in a slightly below average pay job and I've probably spoken to about 20 out of the 30 colleagues about investing, just to gauge how common it is among "regular" people. And literally not one person I spoke to said they invest in the stock market, even when I asked about the workplace pension, about half of them…
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Premium Bonds for Second Child
Morning, Our first child was kindly gifted money into premium bonds, and we have invested other money in stocks. Our second child has also received money to invest in stocks but not in premium bonds. There is quite a difference in total amounts for both children. We don't expect the second child to be gifted the same so…
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Savings interest > £10,000
I’ve been working out roughly what my total taxable interest for 2024-25 will be, and surprisingly I think it might be over £10K. Last year it was about £6K but I must have had more accounts maturing this year that pay interest annually. Anyway, I’m aware that I will need to start completing a tax return. I don’t really…
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Freetrade bought by IG Group, £160m
Freetrade's being bought by IG Group for £160m. IG is a FTSE250 company. I don't know much about IG but it should allay people's fears regarding Freetrade's financial stability. Estimated completion is mid-2025.…
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Sanity check this gilt purchase
I have bought individual gilts before but only within an AJ Bell SIPP. Basically am looking for somewhere to park some savings cash. Currently maxed out ISA contributions and am a higher rate taxpayer who's already above the £500 interest mark so am intending to purchase an individual gilt to minimise the tax liability but…
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HMRC nudge letter over Isle of Man offshore bond – discrepancy between declared gain and “balance”
Hello! I’d like some help understanding a mismatch between what I reported to HMRC and information HMRC says they’ve received regarding an offshore bond. Recently, I received a “nudge letter” from HMRC, and I have not yet formally responded to it (other than to confirm details and request an extension). Any insights or…
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Confusion regarding PSA and Personal Tax free allowance reduction
Hi All, I have some confusion regarding the Personal Savings
Allowance (PSA), total taxable income and personal tax free allowance. Is the PSA taken into account to
calculate the total taxable income? Also, does the PSA reduce the personal tax
free allowance? I’ll use an example here to illustrate my questions. Let’s say…
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Bank Shares
My S&S ISA is a little unbalanced and biased a bit too much towards Banks (about 35% of it). My Barclays shares are in profit by 85% and Nat West by 174%………had them for a while and did buy a portion of them during the first lockdown as a bit of speculation. Seems that Banks are really in favour at the moment and keep…
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Where to save proceeds of house sale pending another purchase?
Recently retired, considering downsizing. This may involve renting for a period in-between selling our current home and buying something new which raises the question of where to put the proceeds of the sale in the interim. Since the amount would be a significant multiple of the FSCS limit, splitting the sum between a…
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Credit check for a savings account?
On this forum, more than once, I have seen statements to the effect of no credit check to open a savings account. I inferred with a savings account because the bank was not lending you money in any way, a credit check would not be performed. A post in this thread suggests Santander performed a credit check before opening a…
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transferring shares to my daughter
My wife has 30k of AsztraZenica shares she would like to transfer to our daughter (23 years old, lower rate tax payer, 7k in savings currently). Please can anyone advise on the most tax efficient way of doing this?
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