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Inheritence
Hi Advice please, I am 53 yrs old, single. I am a beneficiary of an inheritance of approx. £100,000. Is it possible to save this and live off the interest monthly. ( i had been finished employment on ill health last year). I am not employed, I need advice as to what to do with the £100,000. Thank you
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Investment of holiday expenditure.
I've booked a holiday for late 2026. The bill is to be paid before June 2026 and if paid in full before that date, has no interest. I had planned to pay in just over £1200 per month but my thinking is, would I be better to pay that monthly amount into a savings account somewhere instead, pay the balance off in June in 1…
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Fraud and Open Banking
Has there ever been a case of fraud that has been attributable to open banking? Either directly through an app or indirectly through someone obtaining data that was used fraudulently from open banking?
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Virgin merged but not merged?
I've just opened a Saver Issue 28 (3 withdrawals) saver but what a palaver. I've Virgin ISA and M current account and M Plus Saver and Regular Saver all beginning with sort code 05. For this new saver it made me apply as a new customer so I had to give all the usual info. I've now got a savings account with an 08 sort code…
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Do dividend payments in ISAs count towards your yearly ISA allowance?
Hello, I hope you are all well. If you invest inside a S&S ISA/LISA with funds or ETFs that pay dividends, do those dividends count towards the ISA yearly allowance? So say I invested exactly £20k into my ISA and got a dividend of £100- or even £1- will I have exceeded the allowance and need to inform HMRC? Or do dividends…
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Where best to put a smallish lump sum?
Ive 20k coming my way, well a bit more but I have a small loan and and a few bits and pieces Id like to clear and a few things Id like to do so I think 20k can be put away - if its worth it? Im 60, own house outright, work PT 20hrs NMW and claim a small NHS pension. Obviously been paying into the workplace pension - not a…
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TRS registration - settlors
Hi, We opened a bare trust account with Hargreaves Lansdown and have also registered the trust with TRS online. The initial money that was deposited came from a joint account but we only put one settlor in the HL form and also corresponding one settlor in the TRS registration. HL only allow one settlor and they said the…
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Children's Inheritance from Grandparents
Hi, Hoping somebody can help me with an issue I am having with my adult children's inheritance from their grandmother (ages 19 & 22) The will stipulates that it is to be held on trust until 25. I have been given the money to hold, which I did not expect - it is currently in standard bank accounts in my name as I am not…
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Cash ISA - Trading 212 or Moneybox? Both offering 5.17%
Transferring my lifetime ISA to moneybox to get that sweet 5%. I just wonder if i should go Trading 212 or Moneybox for transferring my Cash ISA? I see not much info on the MSE headpage. The only thing is 212 is flexible? Has anyone experience with both and which is easier to use and manage? Thanks.
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High interest savings accounts
Hi, my mum wants to invest £120,000 into a high interest one year, or six month savings account. We were looking at Zenith bank, as mentioned on this website but don't know anything about them. They don't provide an online portal to 'see' your account and only deal with emails and phone calls. This didn't sit right with…
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Personal Savings allowance and earned income
Quick technical question. If I want to stay within the 20% marginal tax rate and therefore get £1000 of personal savings allowance, do I need to keep my earned income below £49270 or below £50270? In other words if I earned 50270, plus £999 of savings interest, does that mean I lost my £1000 allowance and pay 40% tax on…
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Tax free ISA savings and Income Tax Bands
I fully realise that ISA interest is TAX free but does it / can it take you into a higher rate tax band. For example, if earnings amounted to say, £46,000 and ISA interest amounted to £7,000 whilst the ISA interest is tax free, will it take you into the higher rate Tax band with a lower Personal allowance of just £500…
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Christmas Saving accounts 2025
I know that Principality Building Society are currently doing one but are there any other Building Societies offering them?
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S&S Isa - Best platform with low fees
Hi Just wanted anyone's experience on platforms with low fees for S&S Isa. I'm planning to invest £500 p/m in HSBC FTSE All World Index C Accumulation and want something with low fees. I looked at HL, Vanguard, Fidelity, AJ Bell and they all seemed pretty similar. Any thoughts/experience with any of these (or other)…
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Zenith Bank funding question
I have opened a two year fixed account with Zenith bank. They are asking for the account to be funded by bank transfer. I am happy to do this but there is no option for internet banking with this sort of account, so I am concerned that I have no way of checking that my funds have arrived safely. Does anyone have experience…
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Unable to transfer Australian shares - Help
In 2016 a UK AIM listed company was acquired by an Australian company which delisted in the UK and then listed the newly allocated shares on the Australian stock exchange. These shares are being held under Halifax Sharedealing Services who do not trade on the ASX exchange, and now I need to trade some of the shares. I…
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Tax on savings interest
I would be grateful for a second opinion please. Earnings & pension total £16,100. Savings interest of £2300. I think I should be allowed a ‘starting rate for savings’ balance of £1,470 tax free (£17,570 - £16100) plus a ‘personal savings allowance’ of £1,000, resulting in all savings interest being tax free. HMRC say as…
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Monzo vs invest engine etc
I am an early starter investor. I have been putting £50 to 200 in a Vanguard stocks and shares isa. I don't really understand much. I am pretty clueless. Due to the fees I would like to find another platform. I also hated the vanguard platform. It was clunky and I found unclear. Even to change my direct debit was annoying.…
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Looking for a top(ish) savings account with FP withdrawals
Hi....So I am looking for a replacement savings account that supports FP withdrawals. Not for me but for the offspring. Yes, they could / should do this themselves, but this is what I do :) They have basically begun their responsible lives using Chase, which obviously has always had a decent savings rate available. And…
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Tax free interest
I would be grateful for a second opinion please. Earnings & pension total £16,100. Savings interest of £2300. I think I should be allowed a ‘starting rate for savings’ balance of £1,470 tax free (£17,570 - £16100) plus a ‘personal savings allowance’ of £1,000, resulting in all savings interest being tax free. HMRC say as…
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