We'd like to remind Forumites to please avoid political debate on the Forum... Read More » This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Savings & investments

Discuss premium bonds, regular savings accounts, autosaving apps, shares and much more.

Inheritance, investment and Discretionary Gift Trust
Hi everyone. I'm 51 and just inherited about 700,000 from my mum. I've never had spare money to invest before so I'm a complete newbie. We own our house outright and are debt free but no savings. Part of my inheritance is about 160,000 in a Discretionary Gift Trust from the PRU - mum set it up and my life is insured on it.…
Having all money with one brokerage or multiple brokerages for stock investment?
I have been considering the pros and cons of using multiple brokerages versus a single brokerage. Managing multiple brokerages requires more effort, may involve transferring funds between accounts, and, in the event of my passing, would require my beneficiary to deal with multiple firms for payout. However, spreading funds…
Halifax & kids savings accounts
So with their monthly kids saver account at the end of the year the money is moved to a kids saver account. Which is what has been happening. Side note - I thought the interest rate on the monthly saver account then drops but apparently it doesn't, or at least it hasn't. Anyway all straight forward with 1 kid but what is…
Thoughts on monthly interest v yearly for income
I was made redundant a year and a half ago and am not looking for work. I am 62 and have a really small pension of £350 a month. I have savings I am about to withdraw to live on this year - £16,000. Separate to the £16,000 I have an isa with £40,000 and other savings with £56,000 Toal £96,000. In April I am thinking of…
K188 Tax code
Apologies if this post is in the wrong forum but I have seen a lot of tax code discussion on here. My 76 year old Mum has just received a HMRC letter explaining that her Tax Code is changing for 25-26 to K188. She receives a widows state pension £269 pw and a widows police pension of £1377 pm, now I think I understand that…
"Manual Bed & SIPP" does this work?
Like many here (I suspect) I'm thinking about CGT for the first time. Never needed to before. I have a GIA that contains 10K purchase each of BCOG and gold, silver, and platinum ETCs (all bought in a previous tax year) Currently they're worth approx 10k (BCOG) 15k (Gold) 13k (Silver) & 9k (Platinum). As these are my only…
Director's Loan to Ltd company - Are finance costs tax deductible in this scenario?
If I take out a mortgage in order to lend money into my Ltd company via a Director's Loan, the finance costs are tax deductible since they are for business purposes. If the company then uses the money to buy an asset (property) from me as an individual, does this change the tax treatment of the finance costs in any way? My…
Prmium Bond winnings and tax on interest advice please
Hi everyone, We regularly put savings into our children's Premium Bonds in the hope of them getting a big win one day. We know that the winnings are tax free and they get the odd win now and again. However, if we chose not to reinvest and winnings and instead NS&I transferred the winnings to a savings account, would we as…
How to avoid paying tax on an inheritance
To our considerable surprise, my wife and I have learned that she stands to inherit something in the region of £100K shortly. We currently live on my State pension and Pension Credit, and have not paid tax since I had to stop working 10 years ago. Obviously we will come off Pension Credit once this windfall is actually in…
Fundsmith....
There's a Money piece in The Times today about Fundsmith which is generating comments about how it did well in a low interest environment but would do less well in a high interest environment. Since the fund prefers companies with low levels of debt, why is this? Clearly I am missing something, but I would have thought…
SAYE tax free options
Hi, I have a SAYE plan which is due to mature. At current share price it's worth £25,000 of which £13,000 is profit, so liable to CGT. I'd like to put this money into my pension. According to the government website, the 2 ways to not pay CGT on this money is to pay direct into a pension or pay into a Stock & Shares ISA. My…
Company SIP
I have two savers with Nationwide, one for regular savings such as rounding transactions down to the nearest £10, and one which allows £200/month deposits as an emergency fund. I'm currently exploring the different options there are out there. I've been reading over a booklet provided by my employer about their SIP - Share…
Best savings account
Hi. Ive researched but am confusing myself!.... Would like to save £50 a month in an account for my grandchild which i will keep putting in monthly which they can then have when i pass away. With interest ideally being paid montly. What kind of account is best please - maximum interest etc? Savings or ISA and with who?
Savings accounts for non UK resident
Hi MSEers, my mum recently retired back to France to look after her mum (she is 93), she plans on coming back to UK once her mum passes away. Whilst she is there she is considered no longer a resident in the UK. However she would like to keep savings accounts in the UK. She isn’t eligible for normal accounts, and the one…
Taxable Interest on Savings
Myself & my OH don't work, he's just taken early retirement at 58, so we don't have any income, (apart from interest on savings) until he's due his private pension at 60. In the bank today & was told that we can still only earn £1k interest & then any amount over that is taxable. I thought our personal allowance of £12,570…
My Community Credit Union
Just for people to be aware, I signed up for the My Community credit union saver - 5%. Its as follows: 5.01% AER for balances from £20,000 and over 2.5% AER for balances from £1,000 to £20,000 0% AER for balances from £0 to £1,000 However, when I logged on to the site, I noticed there is zero additional security measures…
Savings accounts on Open Banking
I just have a question, why do all savings accounts not appear on Open Banking when linking bank accounts from other providers? It affects apps like ClearScore where it looks like you have less money than you actually have. Also, the bank accounts where it shows how much you spend and it takes into account all accounts…
ETF in Euros
Hi, I need to understand whether I can use my Barclay Euro Account (different from the international one) as a deposit account for investing euros in ETF. I called Barclays but they weren't able to reply clearly. Any suggestion? I am not a financial expert... Thanks!
High interest easy access on £200k
Hi all, I'm hoping to sell my London apartment this year and will release c.£210k in capital. In the short term (6-12 months) I'll be moving in with my partner while I search for a new property to buy outside of London. My plan has been to put the capital into a high interest current account with a 4.7% interest rate (at…
Cashing in Premium Bonds
Hi All, I want to cash in my Premium bonds for a house purchase on 24th Match. Is it possible to leave them in for March's draw and have them cashed in on time for the house purchase?

★ ★ ★ Meet your Ambassadors

Confirm your email address to Create Threads and Reply

MSE News

Ofgem proposes new 'no standing charge' Price Cap – but Martin Lewis warns vulnerable customers need to be opted in or it won't work
Ofgem has today launched detailed proposals for a major shake up to its Energy Price Cap that dictates the price over 80% of homes in England, Scotland and Wales pay for their energy bills.
Lloyds, Halifax and Bank of Scotland to cut overdraft rates for millions but hike them for others – here's what's happening and full help
If you're a Lloyds, Halifax or Bank of Scotland current account holder, the interest rate you're charged for using your overdraft could change soon as part of a fees shake-up. The Lloyds Banking Group, which owns all three brands, says millions of its customers will pay less after the changes – but a "few" will pay more.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more low-income households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Martin Lewis: At last a chance to fix Council Tax flaws impacting millions – debt collection, difficulty challenging your band, discounts and more
Major flaws in the Council Tax system in England could finally be fixed in future, as the Government has launched a wide-ranging consultation to review hideous debt collection practices, the difficulty of challenging your band, the overly complex and horribly-named Severe Mental Impairment discount and more. MoneySavingExpert.com founder Martin Lewis, who has long campaigned on these issues, shares his response and analysis.
Energy complaints to be dealt with more quickly and Energy Ombudsman to get new powers under Government plans
If you have a complaint about your energy firm, it may be resolved more quickly in future, as the Government has announced a raft of proposals to strengthen consumer protections in the energy market. The planned changes include giving the Energy Ombudsman new powers to force firms to comply with its decisions – but it's still very early days. Here's what we know so far.
Warm Home Discount expansion confirmed with millions more eligible for the £150 top-up this winter – here's what we know
Around 2.7 million more households, including 900,000 families with children, will become eligible for the £150 Warm Home Discount this winter, as the Government has confirmed it will remove the existing 'hard to heat' eligibility criteria. The extension has only been confirmed for winter 2025/26, with further changes possible for future years.
Base rate held at 4.25% – here's what it means and when it might be cut next
The Bank of England has held the base rate at 4.25%. Below we explain why, when it might be cut, plus what it means for your mortgage and savings.
Applied for South West Trains 'boundary fares' compensation? Act now to claim it
If you applied for compensation from South West Trains before the deadline in January 2025, you now need to provide your bank details to the claim administrator so it can be paid to you. Here's what you need to know.
Winter Fuel Payments to be reinstated for millions – Martin Lewis explains how it'll work, what it means and if it's an improvement
All State Pensioners in England and Wales will receive a Winter Fuel Payment this winter, though those who earn over £35,000 will see it clawed back through the tax system. It means nine million pensioners will get the £200 or £300 top-up. Here MoneySavingExpert.com founder Martin Lewis shares his instant response and analysis, and we include answers to your key questions.

View All

Savings & investments

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Categories

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free

Savings & investments

Category List

Discussion List

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Categories

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free