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Child Turning 18 on 5 April... any savings tips?
Just that really. Could she open a LISA and catch this year's benefits? Anything else we should be doing last minute (totally on brand for me I'm afraid...)? I'm anxious that me not being particularly savvy and her being single focus on her A Levels might cost her some £££s down the line. Thank you!
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Vanquis Savings Bank
I have just opened an account with Vanquis Savings Bank and received my ID and account number yesterday by post. So yesterday I set up a new payment to Vanquis from my Santander current account which is my Vanquis nominated account ready to transfer money to the new account.As I have done before I transferred just £1 to…
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Fscs limits not applicable for platform provider??
A financial advisor has said the below when I queried the
safety of increasing my Aviva ISA to over 85k fscs limit: “ with your Aviva ISA
your money is not invested in Aviva, it is invested in a fund/s that contain a
multitude of assets/different investments /different companies. Aviva are
only the administrator/ platform…
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To SIPP, or not to SIPP ....?
I'm 64 and retired. My wife is 63 and still works for the family business. Each year I contribute the maximum for a non-earner (£2,880) to my SIPP; and the business contributes around £6,336 to my wife's, matching her salary. The rationale is that all the unused funds would go to our kids free of IHT. After the recent…
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Flagstone - which firms using this name are safe to use?
There are several companies with the name Flagstone but all seem to have FCA restrictions. Is it worth considering them for savings?
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Aviva shares - cancellation / tender of preference shares
Hi there, Newbie here. My elderly relative has a few shares in Aviva. They've asked me what this letter means. I *think* I know, but I admit I find the letter impenetrable, and would like to be confident when I explain it to them. Can anyone help translate the attached into layman's terms please? Many thanks.
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The Prudential Regulation Authority proposes raising FSCS deposit protection limit to £110,000
Since the £85k limit comes up quite often here, this looks of interest. The Prudential Regulation Authority proposes raising FSCS deposit protection limit to £110,000 | Bank of England The Prudential Regulation Authority (PRA) has today proposed to raise the deposit protection limit of the Financial Services Compensation…
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Ecology Direct Debits
I am trying to find some more easy direct debits so that I can keep as many current accounts with perks as possible. When paying into two different Ecology savings accounts by direct debit do they use the same mandate for both savings accounts? Can you have two DDs from different savings accounts into two different current…
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Monument Bank - how the 25k minimum balance works?
MSE is listing Monument as a top rate normal savings account (4.75% with up to 3 withdrawals per year). It has a £25k minimum balance requirement across all accounts you hold with them. I use my ISA allowance for shares, and I have an Atom account. So I opened a Monument savings account but have not put money in it yet. I…
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Personal investment
I am in a reasonable position. Equity in the house, savings in the bank (including an ISA), a reasonable income, decent standard of living and a surplus each month. I want to make my money work for me. I dont mind having a side project - such as a buy to let - but would appreciate some thoughts. Should I just pay more into…
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Coop 7% saver but no longer a customer
Hi I’ve just switched from the Coop bank, will I lose access to the 7% interest Regular Savings account now I’m no longer a customer? TIA
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Difficulty opening savings accounts
Well, I'm beginning to go round the bend trying to open a savings account! I had some money in a savings account where the interest rate came to an end. I followed the bank's suggestion to open another account of the same type but it wanted me to state how much I would pay in each month. I just want somewhere for some…
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Buying the Yen
On a few occasions I have heard a well-known investor and businessman, when offering share recommendations, suggest buying gold and buying the yen. I know how to buy gold, but I'm unsure what he means when he says 'buy the yen'. Does he mean place a forex trade, or buy yen in cash like one would do if going on holiday to…
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Calculating Gilt return on capital and coupon
Recently retired and wanting to invest some new capital into gilts. This is to minimise future tax on savings/stocks. After doing some research, I like the idea of purchasing individual gilts. To minimise possible savings tax, I'm considering buying discounted gilts with lower coupons (eg TG26). I'd appreciate a sanity…
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Transferred into the wrong acct by doing so also overpaid into an ISA...
Somebody I know has a Coventry ISA, opened this year, that they paid £19K into when they opened it. They also have a Coventry instant access type acct with £1k into it. They've just transferred £4k from NW and accidentally transferred to the ISA (it was meant to be xfrd into the IA account). The money hasn't shown up yet…
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Raisin UK.
I should have a little bit of free cash next month, possibly up to 10k, which I may put some or all of into a bond. Excuse my naivety but how good are Raisin UK and how does it work? Looking on their site they almost seem to be a 'broker' type company. Normally I go with 'trusted' building societies (Atom is my one…
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Best easy-access joint savings account with pots/spaces?
We are looking for a joint savings account with the 3 main features below, anyone know of anything? 1) Easy access joint savings account - as the money will be used for annual bills & stuff. 2) a decent rate of interest - we have separate products for real savings. 3) The ability to have separate & identifiable pots or…
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Leeds building society login
Has anyone else had any trouble viewing their leeds BS accounts on their new online dashboard? I've tried to message them about it but they haven't responded in over a month. I previously was able to get into the old online dashboard system by applying for an account, but this doesn't work anymore.
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What to do with £40k?
Hello I have around £40k sitting in a cash ISA. just curious as suggestions what you would do with it? Bit of details: live in a property worth £240k, have a repayment mortgage of £160k on it at 3.16%. Have a rental worth £130k, with a mortgage of £90k on it, interest only at 3.70%. Interest and service charge a month =…
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Paying Tax on Savings Concern
Hi, I have probably earned around £2400 in interest on Savings since last April. I'm concerned about how I pay tax owed on this. I am employed. The interest I will now earn is lower than it was last year. I'm worried that if my tax code is changed, I'll be overpaying as surely a tax code change is for a specific amount?…
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