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USD bank account in the UK.
I had a USD dollar account with Investec and a few years ago they stopped allowing USD accounts for small amounts. They recommended that I ove the money to a savings platform called Insignis. I now want to move dollars to a UK bank account but it has to be USD account that will accept the transfer which will be US dollars.…
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Realized profits
As market can rise and fall.. If the funds (S&S ISA) you have invested has reached your target value, even if you do not need the money and there is no CGT or transaction fees etc, do you sell and take the gain and leave the capital or leave it alone ? or sell or switch to invest somewhere else etc to rebalance / spend or…
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Declaring interest to HMRC
I’m a 45% tax payer and the HMRC quiz tells me I do not need to fill in a self assessment tax return. However, I think I’ve read somewhere that I need to tell HMRC if I’m getting interest from savings, as the bank will only deduct 20% when really should be 45%. But I don’t do the self assessment, can HMRC work this out for…
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My Cash Investment Strategy - Comments Appreciated.
Each year I have invested my whole ISA allowance in stocks and shares. On top of this, In order to have emergency cash funds available I have gradually also bought 1 year fixed savings bonds and now have £10,000 to £20,000 maturing each month of the year. My idea is that I would have this amount of cash available each…
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Shares v savings
Hi all, new here so go easy. Im 57 with moderate savings and just started investing some of it into shares. I have some savings in a fair interest rate savings account and keep this below the £1000 interest mark to save the tax. Ive got various shares now across the board with a 10 year plan to increase wealth for…
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Learn by about investments
Where would I be able to learn more about investments and pensions? not necessarily to become an IFA but enough to understand where to invest, save and pensions. Other than chat gpt, I’m thinking maybe some courses?
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Paper share certificate
Hi how do I convert my paper share certificate into electronic or simply sell the shares?
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Anyone else having issues logging into NSandI?
Just tried via Safari and I seem to login ok but as soon as click on anything it says logged out as you pressed back button (I didn’t). Then tried in chrome and it gets to OTP entry and thendoesnt even log me in but refreshes back to login page.
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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…
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Vanquis - Deeply Unprofessional & Distrustful Treatment of Loyal Customer
Been a customer of Vanquis since 2012, placing my trust in them year after year. Earlier this year, I invested my long-term savings (2 x £20,000) into their 1-year fixed-rate bonds. Due to Vanquis’s outdated and awkward account naming system, I couldn’t transfer the funds electronically had to go to the trouble of sending…
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PAYING TAX ON INTEREST FROM SAVINGS
I have just retired. My scenario is simple in that I have only one source of pension - from the local government pension scheme. My pension alone uses up all my personal allowance. The annual interest from my savings is likely to well exceed the Personal Savings Allowance though will be nowhere near the £10,000 that is…
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NS&I Direct Saver: delays to payments out. May be affecting other NS&I accounts
Just off the phone with NS&I after a long wait. I made a payment to my current account on Monday from my Direct Saver and it has yet to arrive (supposed to arrive the next day and always has in the past.) Man I spoke to said they are having problems with their clearing bank, Nat West, and payments are being delayed. It may…
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Financial advisor fees
I’ve been offered redundancy money and was looking for an advice where the best to invest. The financial advisor that I met said the fees are 3% for advice which would inc my pension, all savings and redundancy pay. My pension is over £350k so when i work out the total assets it is around £500k. So does that mean the fee…
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Nutmeg/Moneyfarm vs DIY
Hello. I wanted to sense check if I'm a lone wolf having all my investments split between two robo advisors. I have approx £200k between both of which around £150k is in their managed ISAs (ETFs). I really like their service, but have a niggling feeling I'm getting charged through the nose for fees etc. I've probably got…
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Investing and Ex Dividend
I was about to add 5K to one of my ETFs (pension) and it states that it is trading ex dividend. Does this make any difference to when you should invest, or should I just ignore it and get on with it anyway? Thanks
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Investing from USA
My son is keen to start investing but it's a bit complicated (I think). He is about to start a 2 year masters in the USA on a non immigrant visa. He will have a US bank account and receive his scholarship in US dollars. Any thoughts on the best way for him to pay into a S&S ISA or LISA without incurring conversion fees?
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Savings, interest and tax
I've recently retired and have non-isa savings of approx £100k. I am getting taxed on my interest cos over the £1000 personal allowance. Should I be re-organising my finances to ensure I don't exceed the £1000 allowance or just accept that I'm gonna be taxed every year?
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CALCULATING GAINS ON SHARES FOR CGT PURPOSES
NAME PRUDENTIAL PLC QTY 1000 PER SHR 6.4426 PAID 6,442.60 BROK 8.00 STAMP 32.21 PTM NET 6482.81 PRUDENTIAL PLC 1500 7.201683 10,802.52 11.00 54.01 1.00 10868.53 AND SOLD THE SHARES AT PRUDENTIAL PLC 2500 7.214902 18037.26 11.00 1.00 18025.26 I BOUGHT AND SOLD THE SHARES AND WANT TO WORK OUT THE GAIN FOR TAXES. HOW DO I…
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Inheritance tax question - gifts put into savings
I have recently lost both my parents, a few months apart, and have received an inheritance. With the value of my home, and being single, this now raises the issue of inheritance tax should I meet an early demise... IHT is not something that's ever really been on my radar before so I'm trying to educate myself. I am…
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Which of these Vanguard options is best for a first-time investor?
So I'm planning on investing with Target Date Funds as per Ramit Sethi's advice, for those who just want the most straightforward approach. I'm thinking of just choosing a 5-year option for now to test the waters a bit. I was originally thinking of picking this…
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Most recent: Cash ISAs: The Best Currently Available List by flaneurs_lobster
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