-
Inheritance
Looking for some information on trust funds. My children have been given money for their grandparent in the Will. They are not to receive it until the age of 21 however I have been asked if I want to withdraw it early. I’m not looking to invest the money for my children other than the bank’s interest rate, wanting to be…
-
Best way to invest £100k
Morning looking for some advice. We have recently inherited £100k and would like some ideas on best way to invest it. A little background. I am in my mid 40s. Work in a school on £65k salary. Not much in the way of savings, but good pension building after being in teaching for 20 years. Have a mortgage on a £350k house…
-
Strategy for an amateur, other than sticking everything in a diverse index fund?
I don't really have the knowledge to actively manage my investments so a few years ago I decided to stick everything in Vanguard's LifeStrategy 80% index fund. It's doing okay, and I've gained 30% since I started, so there may not be any reason to change this approach. I assume there are other options though, there must be…
-
Help - How to Prove a Scam
Hi I am trying to help an elderly friend. My heart of heart tells me she is being scammed - this has already happened to her before and now it is happening again. I have told her that I believe it is a scam, I have shown her a facebook page where people have said its a scam and even a website they have where a few people…
-
Best buy instant access savoings with ATM card
Best buy instant access savings accounts are easy enough to research but I am looking for one with an ATM card option. Does anyone know of such an account?
-
CAN I DO THIS?
3yrs ago I opened a stocks and shares ISA with about £1500. I have never put any money in or taken it out since opening. Its done nothing except go down a little. Since then I have each year opened a new Cash ISA with different providers and always put the £20k max in. With it being 3 yrs old and never put any money in can…
-
Kids lump sum savings account
Hi, I opened a Halifax kids saver esrni g 5.5% interest 7 years ago when my son was born and have been saving in this every month. At the end of each 12 month period the money is automatically transferred into a kids saver now paying 3.1% interest. I am now looking to transfer a lump sum of £5k from the kids saver into an…
-
Are we all braced to be working through our spreadsheets for the, probable, base rate change?
Sounds as though it's likely. I bet am not alone in then waiting for the institutions then reacting to this and them adjusting their variable products. Then to plough through my Savings spreadsheet colour coding the rows / products that have and might change. Keeps me out of mischief!
-
Any platforms offering bonus for investing (ala Wealthify used to)
Hi all. Are there any other platforms offering what Wealthify did a year or two ago - I invested 2 x £50 for my children and they are worth £115 now. Keen to do it again but can't seem to find any?
-
ISA, advice on savings re inheritance
Hi All… I’m in the fortunate position of having some money to invest and reading the info on MSE but if anyone has advice to offer I’d be most grateful. I will put £20K into an ISA which I can leave there, then will need to split the rest between 2 separate savings accounts (one instant access) for the £85K protection. Am…
-
Inflation: CPIH v RPI
One interesting statistic from this morning's inflation announcement (particularly for those interested in inflation-linked gilts) is the RPI figure. This came in at 3.6%, whereas the CPIH figure was 3.9%. RPI usually higher and sometimes much more so (eg March 2023 13% v 9%)
-
Using plum for 2x DDs from RBS Reward account
I’ve just set up with Plum for the sole reason of having 2x Direct Debits going out of my RBS Reward account each month. But I am very confused!!! I set up a “Plum Interest” pot. This seems to be different to the “Easy Access” pot. My “primary pocket” shows as “East Access” I don’t understand what any of this means! I then…
-
Savings of 80k - where to invest?
Hi My partner and i are looking for some advise on what to do with our Money. We are both higher rate tax payers, We have currently over 70k in a joint savings account and are not sure of what to do with the money. We have a mortgage we are still paying, we are currently in a good financial situation, although it could…
-
NS&I to cut Premium Bond prize rate to 3.8% from April – are they still worth it?
NS&I will cut its Premium Bond prize-fund to 3.8% from 4% for the April draw and beyond. But this rate was already lagging behind interest rates on standard savings accounts – so if you have Premium Bonds, you may want to consider moving your cash to an interest-paying account. Read the full story: NS&I to cut Premium Bond…
-
CHIP Verification
Had my Chip account running a while with a substantial sum of money in it. I got an email last week to say they needed to do further verification. I thought it was odd so long after my account has been running. But i sent them the required ID to check. Have not had my account released yet, i have emailed them and they just…
-
Savings accounts for my sons who work abroad
Hi. I'd appreciate any advice on this: My 2 sons are British but work abroad, one in Germany and one in Lithuania. I'd like to give them some money which they'd put in a UK savings account. The hurdle is that they're not UK residents at the moment. They both have UK current bank accounts though. I just rang the co-op bank…
-
10 year fixed term saving account
Hi all I would like to lock away my savings for 10 years. At this point I will retire and have a smaller income. Then the interest incurred will not take me over the 50k 40% threshold. Is anyone aware of such products? Longest I have found is 7 years. Or are there other similar products out there? Basically want to defer…
-
Inheritance, investment and Discretionary Gift Trust
Hi everyone. I'm 51 and just inherited about 700,000 from my mum. I've never had spare money to invest before so I'm a complete newbie. We own our house outright and are debt free but no savings. Part of my inheritance is about 160,000 in a Discretionary Gift Trust from the PRU - mum set it up and my life is insured on it.…
-
Having all money with one brokerage or multiple brokerages for stock investment?
I have been considering the pros and cons of using multiple brokerages versus a single brokerage. Managing multiple brokerages requires more effort, may involve transferring funds between accounts, and, in the event of my passing, would require my beneficiary to deal with multiple firms for payout. However, spreading funds…
-
Halifax & kids savings accounts
So with their monthly kids saver account at the end of the year the money is moved to a kids saver account. Which is what has been happening. Side note - I thought the interest rate on the monthly saver account then drops but apparently it doesn't, or at least it hasn't. Anyway all straight forward with 1 kid but what is…
Have a savings question you're keen to discuss? Here is where posts around ISAs and tax-free savings live.
21.2K discussions
160.3K comments
Most recent: Good growth in stocks and shares ISA - trying to "crystallise" the growth by jimjames
Today at 5:44PM
