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Savings account advice for a Newbie
Hi all. I'm new to the forum and feeling a bit overwhelmed by all the information and members' expertise! I'd really appreciate some advice on a savings question I'm grappling with. We have a pot of £45,000 that that we've borrowed to do some work on our house. At the moment it's in an HSBC Bonus Saver account, linked to…
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query about Harrington and Byrne
Hi there Trying to help someone out who has been buying coins from H&B. Frankly I think it's a case of being overexcited and signing up to pay on installments and they are now way over their head. Hence me trying to help. So nothing needed about whether or not to buy coins, the deed is done. So does anyone know about this…
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Pension contribution unearned income (higher rate tax payer)
Grateful for advice. I am 57, retired and in receipt of a good work pension. In the past 12 months I crystallised 25% of my private pension and left the remaining 75% in drawdown account. The amount crystallised was over £40000. I have no earned income although unearned income has pushed me past the 40% threshold. I would…
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Skipton loyalty accounts
Last year I opened a Skipton easy access account keeping £1 in order to get a loyalty account at some point this year I have opened the member regular saver my question is do I need to keep the easy access account open or can I close it without affecting the regular saver
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Taxable interest question
I had a 2 year savings bond that accumulated monthly interest. Is this interest spread over the tax years or is it only taxable when the bond matures I have the statements with the interest added in different years.
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Nationwide Cashbuilder Book Interest (slightly weird behaviour)
I have a Nationwide Cashbuilder Book account from way back in the days when passbooks were a common thing. It had a £100 in it because although I don't use it and was never an activist carpetbagger it seemed sensible to leave a ton there just in case. Anyway, this account has been visible in online banking for years and…
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Using HMRC repayment interest as a tax-free savings option, good idea?
Has anyone (ab)used HMRC repayment interest as a way to earn tax-free interest on savings? They currently offer 3.75% tax-free interest, which seems quite appealing, especially for higher-rate taxpayers, if your ISA allowance is already used up. Interest…
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capital gain tax on stock market
is each individual exempted from paying CGT for the first £3k gains, inclusive of the stock market, per annum?
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Zenith Bank
I've just opened a 6 month fixed rate account with Zenith using the link from MSE. Should have done some research but assumed it was OK as on MSE. I'm now worrying that this is not a trustworthy bank and my money has been lost. The telephone number appears to be manned from a woman in her kitchen who can't answer my…
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Maximising starting rate for savings before leaving UK permanently
Hi there, Looking for some advice to maximise tax free interest income and got some questions and hope I can get this clarified or at least be pointed in the right direction. Assumptions: PAYE income from employment 54k p.a. Expected departure date leaving UK permanently 1st of June or 1st July Starter rate for…
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Help deciding how much i need in Emergency fund
Hi folks, I've (probably badly!) searched the forums and struggling to find discussions on how much money i need to save for emergency fund. I've been pretty obsessed with getting my savings pot up to £20k. Both husband and i were made redundant at the same time a year last Jan (we were doing the same role at the same…
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Regular Savings Accounts: The Best Currently Available List!
The information from the first page of this thread has now moved to a thread maintained by Bridlington1 instead. You can follow this link to find it: The Top Regular Savers Discussion Thread — MoneySavingExpert Forum
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Old TSB shares
I have found old TSB shares (1987 & 1989). I have checked with the registrar that the certificates are still valid and they are. My question is - where can I find out what the share price was on the dates on the certificates. Trying to track it down on the internet is frustrating as it gets confused with the current…
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Is it a good time to cash out my US shares?
Hi all, I would love to hear some advice on what to do with the US shares that the company I work for has given me. They’re worth $15k, and I was planning to leave them as they are, as they’ve been growing over the last few years. However, with everything happening in the US at the moment, I’m quite concerned that the…
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Unclaimed asset in Colonial Mutual
I have received a letter from Rightful Claims from Australia that they have found an unclaimed asset in Colonial Mutual UK . They want me to sign up with them for a 30% commission of the unclaimed asset. I did have a policy with Colonial Mutual but I thought it had paid out. The policy is in my previous married name and…
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Beware Atom Instant Saver Reward!
Please note that monthly interest paid on this account (currently 4.85% AER @ 8th November 2024) is paid back into the saver and NOT into your connected bank account. If you want access to this interest (leaving your savings amount untouched), you have to make a withdrawal - in which case your interest rate drops to 3.25%…
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Tips for Maximizing Savings and Investment Returns
Hi everyone! I'm looking to gather insights and strategies on how to effectively save and invest my money. What are some tips or resources you recommend for maximizing returns on savings accounts and investments? Any personal experiences or advice would be greatly appreciated!
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Tax year of interest payment to a current account from a Fixed Rate saver
Hi there. For tax purposes, which tax year would an interest payment to a separate current account from a Fixed Rate (no access) saver be classed in? The account matures in May 2025. I cannot make any withdrawals from the account until then, so I cannot access the account during this tax year. There was an interest payment…
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How much debt?
How much debt do you have? I’m 54 and mine equates to about 30% of my total assets (property, business, pension), which sometimes feels a big number. But it generally comes down a bit each year. I try to think long term, and not panic, but I expected to have less debt at this age.
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Savings or Pension?
After a bit of advice here guys. I have £75k in fixed ISA (1 year) Around £20k in various savings accounts, mixture of 6 month/12month and easy access. £3k in work pension. I bit of detail about my personal situation. Mid 40's, and mortgage free. I work part time-ish, and earn about £24k per year. Was previously…
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