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Tax code regarding two pensions
Hello to everyone, first time post from me. I have been receiving my Local Government pension for around 3 years now after taking early retirement at age 60, I'm 63 now. I receive from this around £5000 per year, this is my only income aside from interest from savings which is less than the limits that I am allowed (£5000…
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WeShop app - anyone used?
A friend has sent me a link and referral for this app and I wondered if anyone had used it? They're claiming that they've got nearly 5k in shares now just from doing their normal shopping and are using it as a savings pot. It feels too good to be true for me but it's very difficult to cut through the noise of potentially…
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Transferring ISA replacement allowance
Just realised my ISA interest rate has dropped to 3.7% so looking to transfer to Trading 212 to get 5.05% however I've got £4.5k replacement allowance to use up, will this get transferred or would I lose this?
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Fixed rate savings account deposit window
I have a fixed rate savings account from The Co-operative Bank that I've mistakenly sent money to after the deposit window! My fault for having multiple accounts and picking the wrong one. It wasn't a huge amount but what's the deal for getting the money back? Will it just be refunded to the original payment destination?…
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Ditching the flat for van life: What would you do?
Hi everyone, I’m considering a big lifestyle change and would love to hear your thoughts and perspectives. I'm in a fortunate position, I work remotely, own my flat (mortgage), and currently live and work from home. However, I’m starting to feel stagnant and want to make the most of my position by traveling and living in a…
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Crypto Currency ??
I understand what crypto currency is - its a "virtual" currency But I can't understand how people can make a fortune / loss investing in itand what is the equivalent in £'s or $'s to "mining" ?is it "printing your own currency ? Could someone explain to me in simple terms ?
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Does a "number of withdrawal" limit include withdrawing everything?
Hi, just want to check something before I apply For a savings account like chip where there's a limit on number of withdrawals, are you allowed to withdraw everything without losing the interest rate? If that was your only withdrawal? I couldn't find the answer on their website Many thanks
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Monument
Now that Chase's interest rate's going down to 3.5% on 16 January, I'm thinking of moving my money to Monument at 4.55%. With this account demanding a minimum deposit of £25,000, I'd like to know if the balance has to remain no lower than that amount to keep get the 4.55% rate?
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SIPP transfer question
Hi All, Just got a question regarding SIPP transfers and getting cashback. Say I have £55k in a SIPP invested in S&P 500 UCITS ETF (VUSA) on the Vanguard platform (ignore the ETF, not part of my query). I'm thinking of transferring to Fidelity (https://www.fidelity.co.uk/pension-transfer/#cashback-offer) to get £500…
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HelpToSave 2nd Bonus Issue
I saved the maximum amount into my Help To Save account via direct debit every month since opening the account and have made 0 withdrawals in the last 4 years. However, when I logged onto my account it stated that as I had not saved more than the highest balance of my first year I am not eligible for my second bonus... The…
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Non existent pension & investments but cash rich...help clueless
I am in a panic as I have realised my total lack of financial planning due to personal circumstances (multiple family issues). I have an NHS Pension which is worth pittance as I've only been in the scheme for less than 5 years. No other private pension. I'm mid 40s. No plans for retirement, I never thought this far ahead…
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Best platform to invest £150 a month
I want to invest £150 a month in shares or trackers, what is the best platform to use for this. O am looking for a low cost price to deal the shares as this will eat into the monthly investment
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Cahoot's transaction limits
My Cahoot Simple Saver is ending this weekend. Does anyone know what's the daily withdrawal limit and does the whole weekend counts as 1 day (like with Ulster and probably some other banks). I can't find any of this info in Cahoot's t&c.
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Ulsterbank - Natwest - Trading 212 - FSCS
A bit of advice please I have savings with Ulsterbank , Isa with Trading 212 and my business account with Natwest , the funds in total in these accounts amount to over the FSCS protection. I have read that Ulsterbank and Trading 212 are all linked to Natwest , is this correct ? If something was to happen would they be…
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Investing for future returns
Hi All, I have some funds with HL and large chunk of my savings in Santander esaver paying 2.75% Last year I used all my ISA allowance earlier than the April deadline and price dropped, so this year reduced my monthly ISA savings and still have over £14k of my ISA allowance left. Because I had bad experience in the past…
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What to do with lump sum?
I just converted my SIPP to an annuity + lump sum so I'm looking for advice on what to do with the latter. It's not a fortune, under £20k, I have no other savings and don't own property. On the other hand I have no offspring and I'm not looking to pass anything on. I expect to be able to live as well as I'm used to on my…
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Anyone buying gilts right now?
Without wanting to get political so keeping the conversation general about their future prospects rather than any particular party is anyone else seeing medium to long duration gilts as a potential opportunity for overweighting within a portfolio now yields are at 27 year highs? I saw an article that highlighted that a 30…
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Tax on Savings
Hi I took early retirement. I wont get my state pension until Dec 2026. As from April i wont be earning or collecting any pension. Does this mean that i wont have to pay any tax on any of my savings, i normally pay 20% Thanks all.
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Savings Bond wasn't safe
Many years ago my in-laws had some kind of savings bond with the Bradford and Bingley. They realised long after investing in it that there was a clause (not sure of the exact wording) but basically stated that at the end of the fixed term it was possible for Bradford and Bingley to make a discretionary deduction from the…
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Skipton Member BonusSaver 1A bonus ending
My Skipton Member Bonus Saver 1A interest rate has a bonus of 1.7% added which ends after 12 months.This will mean a reduction from 5% to 3.3% on 13/1/25. My annual interest will be added on 11/1/25Maximum balance is £3000 which means once the interest is added I will exceed this maximum balance.Obviously 3.3% is poor and…
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