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Help - struggling to make jump from saving to investments / pension
Hi all. I've always been fairly good at saving money. However, besides investing well in my own property (previously bought and sold for a good profit, renovated current property to add good value), my savings are otherwise completely limited to cash savings in banks. I'm self employed without a close family to back me up…
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Turning de-risking on its head later in life.
So, it's the last month of the current tax year. I now have available £80k to invest in our S&S ISAs. That is to say, £20k into mine and £20k into my wife's this month. Then to repeat the same in 5 weeks time. We are both in our mid to late 60s, retired and living off pensions. We have emergency funds on top of the above.…
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Are IFA fees reasonable?
Sorry if this has been discussed before. In the last few years, I have built up a fairly significant amount of cash (approx £400,000). I would like to invest approximately half of it. I am aware of, and comfortable with, the risks involved, and happy to invest for at least the next 10 years.. I have approx £180,000 in a…
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March Budget ‘21 Premium Bond Limit increase
There must be hundreds of billions of pounds sitting in savings accounts get almost zero interest. If the Chancellor wants to raise a few hundred billion quickly he could raise the Premium Bond ceiling to £250,000 in the budget. That would raise a huge sum and also shake up the banks who are giving savers virtually nothing…
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State Bank Of India UK - Fixed Deposit Maturity - Feedback
I think a few people took out fixed deposits with SBIUK around 5 years ago ISA, maybe Non ISA, was wondering if anyone has feedback of experiences of how long took to receive maturity funds etc
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Children's savings or Lifetime ISA?
Hi all, About to start saving for my daughter and been looking at savings accounts. I reach age 60 around the time she will be able to access any money from this, so it got me thinking. Does it make sense to open a Lifetime ISA in my name to get 25% interest a year (up to £1k) and then withdraw at 60 and give to her?…
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Who are Diligenta?
I recently had to call Scottish Widows and after the usual faff of getting passed from pillar to post eventually one person there said I am with the Diligenta team? Who are they?! Have Scottish widows been bought out and shouldn't they think to write to their customers and tell them if that is the case!
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Looking to invest/save.
Following a promotion at work, and now that my daughter is grown up and earning in a good job, for the first time in my life I'm finally in a position to be able to save or invest. Don't get me wrong we have saved in the past, but only for Christmas and never large amounts. I have a credit Union account that I save £20 a…
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18year old £10k investment??
Hi all My daughter turned 18 yesterday and with her trust fund and money for family she got £10k, but what should we do with the money? ISA, Savings, premium bonds. Etc. What would you do???
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Where are the holes in this idea?
Mulling over an idea ... My OH and I are in our early fifties. We are in the process (after having a shambles of an experience with potentially buying a do-er upper) of thinking of buying a property with a small mortgage (our income streams are varied so we've just gone on the 'secure' ones for mortgage purposes). We have…
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Best way to save for a house?
Best way to save for a house?
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Do you invest your emergency fund?
Hi all, would anyone be able to advise on my emergency fund please? I currently have £30,000 in my Marcus account earning 0.50% interest. Me and my husband both work full time, if one of us is unemployed we could cover monthly bills on the other persons wage while the other was job hunting. Having £30k sat in cash slowly…
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Where to save if used fixed isa
I have put my savings into a fixed isa which finishes 4th April 2022. This means I can only add funds for 30 days. The question is where is the best place to receive interest now I cant use my isa until the fixed rate expires?
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Can anyone explain the Tesco share deal to a numpty?
Mums received a letter about her Tesco shares and the dividend they intend on paying out after some recent sales. (Linl Removed) I read it on FT.com which I linked to but it seems the link goes to a subscribe page. Google it andits allowed me to read it... will this work !!!!!!/mpqIN As share prices will drop when they pay…
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Savings account
Hi all, I'm new to this forum and wandered if anyone has any information on which savings accounts are best. I want to be able to get money out if I need to and the amount I save each month will vary. I am with Natwest with a current account. Thanks 😊
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Yorkshire Building Society
Hello all. My wife has had a regular saver with YBS for just over a year (2.5% @ £250/month) but due to branch opening hours and being key workers we didn’t have the opportunity to close this account until today. No problems with the closure, always found YBS branch staff to be excellent. My wife was told just prior to…
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Virgin instant saver going down to 0.35% on April 27th
Virgin has been a decent all rounder for me in past year or so with this a/c and interest on current a/c first £1000 and 1% fixed ISA, at least there's 2 months notice of the drop
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Help with wrong deposit
Not sure if this is the correct place to post: I have recently signed a form to release my deceased’s mother’s savings, unfortunately i got one digit wrong on the sort code and it’s gone to a different bank. The sort code existed just my luck! What I don’t know is if the account number is a genuine one with that bank. So…
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You'e just recieved £175k...
What do you do with it!? I'm incredibly fortunate to have inherited £175k, though obviously the circumstances are awful. I have NO idea where to start. Please give me all your views on how I should save/spend/invest the money. A few facts about me first: - I jointly own a house with a partner. We easily afford the mortgage…
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Investment for older people
Hi, my parents (in their early/mid 60s) have finally decided to become less suspicious and give stock and shares a go via an ISA wrapper. Thing is they're in their 60s, so I was looking at not like a 20 or 30 year timeline, but something will grow more than the current abysmal bank interest rates. They're open to a little…