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Clarity over tax on savings
Would someone be able to confirm something for me as I think I am misreading this. As a regular rate tax payer it says I can earn £1000 in interest per year before it is taxed. So if I have money in a savings account and I earn £800 in interest and in my ISA £600 interest per annum does that mean I have £1400 interest and…
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Criteria when selecting funds
This is a money saving forum and one of the aim in investing is try get the lowest fee possible (Monevator has a global tracker funds comparison list) as the funds I am considering are not on this list, I would like to ask, if there are more than one fund to choose from, aside from basing on the lowest fee, is it worth…
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Shawbrook Bank - Ignores undelivered maturity emails- assumes you've received them.
I've just been reviewing my savings accounts and found 2 cash ISAs that had matured back in Jan 25 & Feb 25 but where I haven't received any maturity communications (either by post or email) No letters or emails offering me any options like they've normally done over the many years I've saved with them. I went online and…
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Monthly or Annual Interest Accounts - Increase in interest tax April 2027
What are peoples thoughts when opening saving accounts at the moment with Monthly or Annual Interest due to the increase from 20% to 22% in Savings Tax from April 2027? Opening an account now with Annual interest pushes all the interest earned into 2027/2028 tax year now. But with an account today with Monthly interest…
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Cynergy 1Yr Fixed Bond Maturity Interest Query
My bond matured today and the account shows the initial amount invested however it doesn't show the interest which should have been added. I've seen previous posts/comments on here which says that the interest doesn't usually get added until 7pm sometimes next day. Is this correct? I wanted to transfer it to a regular…
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Early Closing of Saving Fixed Bond
I was reading the Sunday Times Money section and was amazed at an unfair tax rule so am putting it here so those closing a fixed bond early are aware of it. Apparently if you close a bond early the loss of interest you are charged cannot be offset against the interest you would have earned if you kept to the full term.…
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Immediate Care needs annuity
I am trying to persuade a relative that it could be a good idea to consider taking out an immediate care annuity. They are very reluctant to make contact with an IFA, and I thought it would be a good idea to build a spreadsheet showing the annual cashflow, with various scenarios. AI has produced such a spreadsheet, (with a…
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Inflation Linked Gilt T30I. Is it worth it?
Is the ILG T30I worth it? According to Gilts Yield: Par: £100 Index ratio: 3.01776 Accured interest: £1.014 Clean price: £343.99 Dirty price: £345.004 (£100 (par value) x 3.01776 (index ratio)) + £1.014 (accured interest) = £302.79 Difference between dirty price and above: £42.21. Does this mean I'm paying a £42.21 premium…
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ii - selling part of a fund and buying other funds
I have some cash, cash ISA and S&S ISA in my ii account. I am looking to sell part of my OEIC S&S ISA fund and also looking to buy 3 - 4 fund with the sale of this S&S ISA. I would like to know when I am selling this fund whether I can buy back more than one fund during the same transactions or do I have to wait till the…
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Easy Saver - how long Chase rate bonus lasts
On MSE it says that the bonus for a new account at Chase lasts 1 year - making the rate 4.5% AER. On Chase site it says: Get 4.5% AER on your savings That's a 2.25% AER boost, fixed for 12 months on top of our standard saver variable rate. Offer may be withdrawn at any time. Available to new customers joining from 29…
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S&S ISA - uninvested cash interest rates, why not shown on MSE frontpages?
Pardon my silliness and this could be a very obvious and silly questions but i couldn't find the answer. I've seen lots of ads online where you can open S&S account but you can hold uninvested money in there and earn interest (i think sometimes the uninvested interest is higher than the Cash ISA savings account for a bit).…
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123 Account to which easy access?
I briefly mentioned this in another thread. Currently have 28k in a 123 account. Fully aware that 8k is being wasted with no interest, and what with the monthly fee rising to £5 it's time to get it sorted. I've looked into various options and have decided that Chase is probably the best way to go (Initially for the first…
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Where to put £10k
Hi I have maxed out my ISAs and have £10k left to spare. It's in a savings account earning 4.2% interest. Is there anything I can do with it to boost it more? I'm aware I can earn £1000 interest a year without paying tax so I was wondering if there was a better way? I have no idea about stocks and shares though. Thanks
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Fundsmith again.
I've held Fundsmith for many years and it did very well for me. I sold out of the ISA a some years ago for better options because no sell liabilities, and have slowly brought down the GIA amount in CGT exemption steps. In the days of 12.3k exemptions this was pretty easy, but now with 3k it is more difficult. I've never…
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Proceeds from house sale
Hi all, as a 60 something couple who are just weeks away from selling our current home, and are in the fortunate position of being able to live temporarily with family whilst we look for our perfect downsized property, we will have around £200k to invest in the short term. We have read about splitting anything above £120k…
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Moving to Aus, advice needed please.
Thanks for your indulgence here, please move to another forum if I've mucked up. My situation is this; Next month I will be moving to Australia for a few years, (no fixed period, but probably 5 years or so.) In the UK I will have my state pension, and the rental on our house, paid into my (Lloyds) bank account. I will not…
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Gilt Ladder Builder site question
Looking at the https://lategenxer.streamlit.app/Gilt_Ladder for ILGs, it seems that some of the gilts (e.g. T33 and T28) are greyed out. Any idea what this means? There seems to be trades ongoing each day. I wish to purchase some T33, but not sure if they are actually available or not?
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Fixed Rate Bonds - confused by HMRC advice
Hello, after a conversation with HMRC, I am really confused about filing a tax return for interest earned on fixed rate bonds. I thought that I only needed to file information about interest accrued on fixed rate bonds in the year that the account matures and the interest becomes available. However, having received a late…
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S&S ISA newbie
Hi. I want to put £30k in a S&S ISA. It is currently in 2 Santander FRISAs totalling £40k which mature on 1 May. Ideally, I'd like to use Santander's managed S&S ISAs. I'm not confident re DIY investing. MSE says it's cheaper to use a platform such as CSD than a bank. Can anyone give me an approximate idea of annual fees…
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Hanley Economic BS Passwords
I recently opened a Hanley account, mainly to make use of it's DD facility into a savings account as there aren't many of these left. Finally received my user ID through the post and tried to log on but without success. I eventually worked out that the maximum password length you can use in online banking is 12 characters.…
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