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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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Will Trust, Trustee Account, NS&I Growth Bond
Hi, have spent many hours trying to understand best approach re bank account for a Will Trust for my deceased father (and have read many threads/looked at various websites.. Bath/Skipton/Metro/Bunckinghamshire, etc). Am really hoping that the collective brains here can confirm if following approach is acceptable Objectives…
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14 Day Cancellation Rights - Fixed Rate Bond
Hi there. I recently deposited a large amount of cash into a fixed rate bond using the Prosper app. It is due to mature on April 7th 2025 which I thought was fine as we are in the process of buying a new house and initially everyone wanted to move in April. However, with the changes to stamp duty being introduced on April…
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Different Types of Gilt TN, TR, T, TG and TRxA etc.
I am considering moving some of my cash (held in the RL short-term money market fund) to Gilts as a hedge against interest rate decreases. On the II website (my chosen platform), I can see numerous Gilts with various references; see the title for examples. What do the references mean? Also, if I want to sell them before…
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Hodge Bank. are they any Good ? Positive & Negative feedback Welcome?
Hello Everyone,I am thinking of putting 10K savingsinto Hodge Bank.https://mysavings.hodgebank.co.uk/registration/preApplication?productId=B2Y_A_140125I was looking for positive or negative feedback views on this bank ?I saw @Timmy1 post on the 24 May 2024which was negative!I don't want to have to start uploading documents…
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Tax collection with no taxable income
Hi, I am not sure which is the best forum to post this question - but this is a place a visit regularly and know there are some very knowledgable people on here. My wife has transferred her Married Allowance to me backdated to 2021/2022. This is all pretty much now sorted. However, in transferring the full 10% to me in…
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Most recent: Trading 212 Cash ISA - Impossible to transfer ISA out! by moneywow1
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