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Top slicing advice. Partially surrendered onshore bond.
Hello all, I've done some searching both on the MSE forum and vis Google, but I am struggling to find answers. Background : Mother has an onshore bond opened 5th May 2001 with £35,000. No further additions. Value in January 2024 £83,000 £40,000 partial surrender in February 2024 which resulted in a Chargeable Gain…
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No progress from Chip 4 days later. How should I proceed?
After failing to be able to access my Chip cash isa using their app on Friday after several attempts it has now locked me out. I have discovered that there was an update to the app a few days earlier so wonder if that is part of the problem. Having provided suitable ID I am still no further forward to accessing my money…
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Gatehouse EA (NLA) is there a minimum amount to keep account open?
Moving my money elsewhere as rate goes down to 4.27% from tomorrow 19/3. The documents I have regarding the account don't state a minimum deposit/amount to be held to keep the account open. I'd rather keep it open if I can rather than close, but not if it's a high minimum. Can't find anything on their website, not to say…
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Regular Savers accepting deposits by debit card
I think there was a thread about this or similar before, but i can't find it.Which Regular savers accept deposits by debit card?I believe Skipton and YBS do
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Old Premium Bonds - Any way to check?
My Mums been tidying up and found £25 in premium bonds from way back when, perhaps over 50 years old, I seem to remember she did this a few years back and I found somewhere I could check them - alas I can't seem to find that now, NS&I want a holders number, which I don't have. MSE Site seems to suggest I'm not going to be…
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Protecting our savings
Hi Newbie here. We seem to be getting squeezed as to where we can protect our savings from the tax man. I am aware of the tax protection an ISA offers, but with the proposed changes to the ISA threshold looming, Where are you savvy savers putting your savings ? ( Interest above £1000 in banks and building societies…
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Trading212 Spending Pot
Trading212 have changed the way uninvested cash is handled in their "invest" (non-ISA) account. It is a strange feature of this account that you can use it for trading but it also comes with a debit card which can be used for spending. They are introducing a "Spending Pot" with cash held separately from the main trading…
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Inheritance
On Friday I am recieving 20K in inheritance and another 20k in April. Can I have advice on which are the best accounts to place my money until I decide what I want to do with the money. It needs to be instant access. Thanks for any advice given in advance
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Beginner exit strategy on stocks?
One thing I didn’t factor in when I started investing was: when should I sell? I overwhelmingly invest in long-term ETFs, but have about 15% in individual stocks. I’ve learned that the general rule is to sell at +15% - 20% from buy-price. But, is it better to sell the whole lot, or just part of the stock? I’m very new to…
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Which Index funds to invest in?
Hi folks, at the moment I am in the fortunate position of having a sizeable pot built up in cash savings. From what I've heard this is probably not the best strategy to be so cash heavy versus investment ratio? I have dabbled in the stock market over the past 5 years with varying degrees of success. Probably just about…
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Trustnet portfolio tool query
I don't have any investments in shares, but have started playing around on the Trustnet tool trying to set up a model share portfolio just for fun and for learning purposes. Am I correct in thinking that the share values are tracked, but the model takes no account of the dividends received? This is probably a stupid…
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What to do after selling flat and with salary. . .
Situation as follows for my current partner Salary: £105,000 Just exchanged on selling a property so will have approx £150k left after settling all credit cards and loans and a holiday etc. Own a main house and mortgage is just over £2.5k pm. She has £19k in a pension at the moment so is paying 40% tax. Seems better to put…
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Save into an ISA or small pension pot?
THANK YOU EVERYONE! I'm close to retiring (age 64) and would like to invest some savings before the end of the financial year. Would it be better to invest in an ISA or put it into one of my small pension pots?
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The 30 day CGT rule
Please can I check I understand this. If I sell a fund and re-buy the same number of units within 30 days, for CGT purposes the two trades never happened. I don't declare it on self-assessment and the original base price is unaltered. If that is correct, then... if I sell a fund and incur a CGT liability, and within 30…
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Principality 6m Regular Saver matured but problems opening new one
Hi, please can someone advise? My 6 month regular saver with Principality matured on Saturday and in their letter they said I was entitled to an exclusive maturity account - another 6 month account at 8% (well, 7.85% but... you know.) When I tried to set my instruction for this to happen it said I was unable to, as I have…
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Submitting Self Assessment returns, interest over £10k
HMRC may be changing tack (for some) on the requirement to submit a Self Assessment return once interest exceeds £10k. This page (scroll to ‘If you go over your allowance’) now seems to have different arrangements for self-employed and PAYE employees/pensioners. Other gov.uk pages haven’t updated.…
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Bristol & West Liquidation Payments
I submitted Bank Details using their on-line 'registration process' but because of how HSBC name an executors account, the submission failed their a/c name matching process. A response was along time coming from Bristol & West, who asked for a copy of a bank statement. This was duly supplied, but, they chose not to process…
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Child Trust Fund for 12 year old
Hello. Our son who is 17 was given a Government trust fund payment that our daughter, who is 12, doesn't have. Would it be worth us opening a trust fund for her now, or have we "missed the boat", please? Our son's is with Columbia Threadneedle (previously F&C then BMO). Thank you.
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Capital Gains Tax - Selling ETFs
If I sell some ETFs and then use all of the funds from the sale to buy other ETFs am I liable for capital gains tax in the monies from the sale? TIA
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Tax code for interest
I do not have to submit a tax return. My tax code is adjusted by HMRC to deal with my taxable interest, which comes from a number of different sources. They simply announce the total amount, and I have not found any way online to explore the details, or request this information. I am not claiming any errors, but would be…
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Most recent: transfering stock ISA from Vanguard to T212 but T212 does not have the same stock. by eaustin
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