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How to tell if a fund is registered for UK tax reporting?
I am trying to understand if the Invesco FTSE All-World UCITS ETF ACC fund has UK Reporting Fund status, as I read that UK individuals pay up to 45% on their investment gains if an offshore fund does not have status, compared to 20% if it does. I've downloaded the document, from the government website (link below), but if…
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To delete or not to delete, that is the question....
I have a love hate relationship with my finance apps. I'm sure these are rookie numbers compared to most but I have (counting them now...) 14 (!!!) banking/finance apps. Most I check daily while others a weekly glance like my vyoung daughters isas/sipps. I like to think I'm a "set it and forget it" type of investor, I…
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Dividend taxation
I'm going through my admin for the current financial year to keep up to date for next year's self assessment and am ok with most things, but wanted to check something hopefully quite simple that's confusing me - the Glencore and Coca Cola dividends are listed as 'tax exempted' separately at the bottom of my T212…
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Why sudden drop in short term gilt fund IGLS on 16 Jan?
I am curious about why there was a sudden 1-day drop - just under 2% - in the price of IGLS (ishares Uk gilts 0-5yr UCITS ETF GBP) on 16 January. This is a short term gilt fund and normally not volatile, and I didnt notice other bond funds being affected. Any ideas?
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Short term house sale proceeds - where to invest?
Hi, after advice pls. £320k has landed in my current account after my house sale. I need to keep hold of this for circa 2 months until my new build is ready. im a higher rate tax payer with no ISA invested this year. I am thinking of putting £20k in to an easy access cash ISA, £5k into my Barclays Rainy Day Saver which is…
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Aviva pension terminal bonus
I have held my pension for 40 yrs and am now looking at cashing it in. However the terminal bonus has been reduced significantly every year for the last 5 years despite reasonable market conditions resulting in an overall return less than had I put it in a savings account. Can anyone explain the rationale? I have contacted…
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Trading 212 credentials
Hi, Just opened a new Trading 212 cash ISA (5.2%) and have found it really difficult to get it accepted by my chosen bank account to feed funds into the ISA. The bank in question is Natwest and they just don't recognise either "Trading 212 UK Limited or "JPMorgan Chase Bank" in their "add a business to pay" field, Natwest…
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Cambridge Money App
New update out, basically seems the same as the new look Saffron money app with the account transactions showing when you load the app up & you just switch between accounts (if you have more than 1) Although I like the idea of the new look, both the Saffron app & this app seem to take longer to load up than they used to,…
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Savings account for 16 year old
My son, who has just turned 16, wants to start saving. It looks as though he needs to wait until he is 18 before opening an ISA. What would his best option be? Thanks.
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Savings and Tax allowances
I've just seen a recent post by Martin on Twitter, where he outlines tax allowances and how much we are allowed to earn in interest before paying tax. Now, I was always aware of the normal personal tax allowance (currently £12,570) and the personal savings allowance for 20% tax payers (£1,000). However, I wasn't aware of…
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NS&I - A password tale/warning .
What a palava ! My own fault I got locked out of my account because , tired, I typed in my N.I number instead of my NS&I number in the first login box and repeated first that then the password twice , being convinced it was correct but mistyped . Getting back online when youre locked out (as oppose to forgetting your…
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Betting against "AI".
I started a new job 40 years ago this month. It was an artificial intelligence research centre, part of what was then the Polytechnic of the South Bank in London. I note know the huge enthusiasm about how AI is about to change our lives, and revolutionise valuations. I am quite the skeptic: I'm not convinced that the…
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Are ISAs better for low or higher rate taxpayers?
We are a married couple with approx. £30k we want to put into ISAs until we're ready to do home renovations. I work part-time and earn below the tax threshold so I'm a non-taxpayer. My spouse is a higher rate tax payer. Should we put the majority of the money into an ISA in my name or my spouse's name? Or should we just…
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Slowest postal Building Society for you?
Mine is Mansfield. Each and every time you wonder if they've lost the passbooks, application forms. Glacial speed.
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Buying Bitcoin
Not looking for any advice on whether it's a good idea or not thanks ... I want to buy a significant amount of Bitcoin, say tens of thousands. It's not easy! My main bank, First Direct, has limits (supposedly £2,500 in any one transaction and £10,000 in any 30-day period); and I read that Chase, where I also have an…
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Proceeds from house sale
I'm just completing on the sale of a house. I am moving into the other house I own which I have been renting out, this house has £140000 mortgage on it. I will clear 240000 on the sale. This might be a stupid question but should I pay the mortgage off? Or would the interest I'd get off set the mortgage. Either way any…
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Interactive Investor free monthly contributions: which ETFs?
ii says (I'm new here so I can't post links yet but search for interactive investor regular investing and you'll find the page - it seems to cover all their account types but I'm mostly interested in their SIPP): Great, which funds and ETFs? The website (same page) says: Is that a sneaky way to say "you can only do the…
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SJP WILL NOT CLOSE INVESTMENT ACCOUNT PROPERTY FUND AMOUNTS WITHHELD
We moved all of our investments [ISA's, Tessa's etc] to SJF approx 5 years ago. Husband diagnosed with Blood Cancer so refused face to face review after Covid. Phoned SJP & said how could we have been reviewed when husband is 83 & I am 77 & no one considers this questionable to have large [for us] investment still & no…
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Lump Sum Investment Options
Hi Advice on investing lump sum from sale of property in return for monthly income whilst looking for another property? Thanks
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Tax on Savings
I gained £860 interest from a savings account - from opening in September 2023 to closing on 1 December 2024. Will this amount be split between both tax years or deemed entirely as earned in 2024-25? (I have interest from another account that will knock me over the £1,000 limit for tax.)
Have a savings question you're keen to discuss? Here is where posts around ISAs and tax-free savings live.
