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Maximising interest and the personal savings allowance
Hello I would appreciate some feedback on whether I have done my maths correctly here. For the next tax year I believe I will go up into a higher tax bracket, though I don't seem to be able to find clear information on how the personal savings allowance applies in Scotland and at what income the allowance goes down to…
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Is now (with the current Trump turmoil) a good time to invest my savings in a with profits bond?
Been planning for a while to invest a sum into a bond scheme, but unsure if its wise to now with the current Trump fiasco, as, if I am correct, bonds schemes invest in America which seems close to chaos? My IFA said reputable companies who offer with profits bonds like the Pru for example, plan years in advance...but how…
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advice for falling market
Firstly I don't know much about stocks, and I don't monitor the markets closely, so this is a no-brainer question please bear with me. I have an overall savings pot of @ 550k invested largely in the Vanguard life strategy 40% equity fund. I chose vlVanguard because it's supposed to be a relatively safe haven for…
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Fund rebates after account closed
I'm not experienced with investing, so I'm hoping someone can shed some light on what's going on with one of my late mother's investments. My mother died sixteen months ago, and I'm the executor of her estate. Probate was granted last May and all accounts notified and settlement requested, including a Stocks and Shares ISA…
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Help to save
Hi is anyone familiar with the government help to save scheme? In a months time I would’ve been in the scheme for two years I will have saved the maximum amount of £1200, giving the £600 bonus. I am confused about how it pays out. I understand the bonus goes straight into my bank account and not the help to save account…
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Tax on bank account interest (2023-2024) - applied for a second time despite being paid.
I wonder if there is anyone else has found that tax on interest on bank accounts (2023-2024), has been applied for a second time, even though it has been paid and their tax return shows that bank interest has been calculated correctly in the first place.I normally pay tax through self assessment (I receive a bill), but…
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£500 to invest in shares today (First timer)
Hi, Have never bought a share in my life. Looking at the market I want to put in £500 today .. will add funds into the Trading 212 app as I have an account with cash isas there. So what to buy? Thinking Apple and Nvidia (which if tariff deals are worked out might surge) .. but am clueless. Also I want to cash them out…
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Nationwide payouts
Nationwide seems to pay their customers a certain amount nearly every year. This year it is going to be £50 and in 2023 I believe it was £100. The requirement is not very high as you only need to have at least one transaction during a certain period. I have a Nationwide account but do not use it. I am lucky to have used it…
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Santander Edge Saver ending
My Santander edge saver account is ending in a couple of days and the interest rate is reducing from 6.78% to 4.41%. Do I have to close it and withdraw the balance before I can open another one, (with the same £4000) or just apply for another Santander Edge saver? Or even leave it with £4000 and use another £4000 for the…
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Draw DB pension and invest 25%?
I am seeking advice on my defined benefits pension, which I had intended to start to draw shortly. I had considered taking my maximum cash sum of appx £60k plus reduced pension and investing that. £20k in an ISA and the rest in either a savings account or stocks and shares. I'm 63 in July.
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Mad to buy VWRP or VUAG for 10 yr horizon in SIPP?
Really want to take
advantage of the current market drop, can anyone recommend a low cost Vanguard investment with the cash (30% of PF) in my Vanguard Sipp? Going to
invest for about 10 years. This small Sipp
is surplus as I have a DB pension and some cash. I already hold Global trackers eg VVDVWE & VEVE in 60% of this…
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Pension crisis!!
Hi, Really hoping you can advise me on the following. I am currently 66 years old and planned to retire at 68 in May
(13months away) my private pension has lost £24k in the last 4 weeks (Some 15%) so I am in panic mode, My workplace pension has only dropped some 2%, should I transfer over? I have tried to
contact them to…
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Personal Savings Allowance not deducted from income on self assessment
Why has my self assessment not applied my personal savings allowance, which I believe should be £1,000 as a basic rate tax payer, to my tax calculation? All the savings interest I have declared has been added to my income, with 0% deduction applied to the amount. My total earnings are approximately £26,000, with…
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Error on HMRC personal account for tax paid 23/24
Hi - has anyone noticed that when they log into their HMRC personal account it says that not enough tax has been paid for the year 23/24 even though for the last few months it said that the correct amount of tax had been paid? The next page says 'There is a problem and the amount you owe may not include any recent payments…
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Are Vanquis Banks current savings rates worth a punt?
Vanquis Bank appear to be offering some great savings rates at the moment (eg. 5.21% for 1 Year fix) but MSE doesn't appear to be picking them up in their best rates tables. Anyone have any thoughts on the Banks viability and if they are worth going for...?
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Child Inheritance
Please could someone advise, my son is about to inherit £10,000. My thoughts were to put £9,000 into a JISA, and the remainder into a child savings account. Are there any such savings accounts that are locked with no withdrawals until the child reaches 18? Or are there any other solutions? Look forward to the replies
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Family Building Society
Is anyone else having problems logging in since they have started upgrading their online service? I can input all security details but it then fails to let me in, saying “too many redirects” - always a bit worrying! I know it says use a PC or laptop but I’ve always used a tablet with no problems and am reluctant to buy a…
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NS&I OTC (One Time Code) Problems Anyone ?
Last night I made several transfers to my Direct Saver account and afterwards I tried to log in on NS&I to check whether the transfers had been successful... I was then presented the "Add trusted device" screen, despite the fact that I use the device to log in monthly to check my premium bond wins etc. So, annoyingly, I…
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Is it safe for a US bank to hold my savings?
Absolutely not being political here. With everything happening in America atm I’m genuinely concerned about the safety of my savings (Marcus Bank) and was considering moving them to a UK/European bank. thoughts?
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CGT 30 day rule in a see-sawing market
I wanted to check if my understanding of how the 30 day rule for CGT works is correct.Let us say that I buy shares for £20,000. 3 months later, the price has not moved and I sell these shares for £20,000. A couple of weeks later, the price falls and I re-buy those same shares for £18,000. Six months later, I sell the…
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