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scam phone and email from USA
Over the last couple of days Ive recieved phone calls and emails from the USA regarding selling shares. Supposedly from Scottish power/Iberdrola It started out as most scams being believable right up until the second phone call asking for pass port and bank details. See below. Be careful people. "Please see attached…
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Declaring Savings Interest through Self Assessment
For the current tax year my savings interest will be greater than £10,000 but less than £18,570. I will have no income from any other sources (I am a recent retiree and will not have any salary, pension, dividends, rental income, investment income etc for the current tax year and I have not transferred any of my Personal…
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Multiple limited access savings accounts.
I have a few of these limited access savings accounts.It occurred to me - why not open a number of the same accounts?That way you can effectively increase the number of penalty free withdrawls.Most savings organisations I have looked at do not appear to limit the number of accounts.Alternatively you can simply close one…
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Saving allowance & tax calculation help
Hello, Can some kind person help me understand the difference between the £5000 starting rate allowance & the £1000 personal saving allowance please? In particular I'm trying to understand the sums in calculating 2024/2025 tax due for a married couple. John has no income apart from savings interest of £16,000 Jane has…
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Raisin awful onboarding/admin vs. Hargreaves Lansdown
Hiya, I'm a long-time user of MSE, but never signed up for forums before; signed up just now so that I can raise this question. Basically, for the last 3 weeks I've been trying to set up a Raisin account (mostly to take advantage of a £50 cashback which has now expired). At the same time, I was also looking at HL as they…
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How best to 'invest' for my son, and two nieces?
About to come into money, and I'm looking for the best options to provide a 'trust fund' (which may or may not be the right way to go!) for all three kids. One is 3, one if 4, the other is 9. Ideally I'll have £10,000 for each of them, and would like it locked away until they hit 25. What's the best way to do this that has…
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Caxton fixed rate bond
Having used Caxton FX happily for a pre-paid currency card for years, I felt confident when invited to invest in their 2 year FR bond in 2022. However, here I am a month after the maturity date with no correspondence to ask what I want to do, and there appears to be no phone number for their customer services dept and only…
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Is it feasible to have multiple savings accounts?
Last year my mum received an unexpected inheritance and at the time my parents put the majority in NS&i and some in a high street bank savings account. At the moment with the rate drops they can get better deals elsewhere. I was contemplating looking into splitting it up into banks which aren't linked so they get the fscs…
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old shares in parents name how to find out how much paid for them?
This may seem a daft question, but my dad and mom held shares in Lloyds TSB and did so for a number of years. Dad passed away 3 years ago, and at the time Equiniti just removed dads name and they are in moms name alone. However, should mom choose to sell these shares, how do we find out how much they were bought for? Going…
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Can I switch bank accounts if I have non matured linked fixed savers?
Hi. I was thinking about switching to First Direct to try and blag the 175 switching fee whilst it's still available. My issue is that the account I want to switch from is my nominated account for 2 fixed savers which do not mature until mid April and July of this year respectively. One of the fixed savers is with Zenith…
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Monthly vs Annual Interest Query
I'm planning to open a Vida Savings 95 Day Notice Issue 1 account. I want to maximise the interest and don't need a monthly payment so would choose the annual rate which is 4.85% rather than the monthly interest at 4.75%. I have two points of enquiry, listed below. 1) It's possible I'll need to withdraw the money within a…
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Does it hurt the UK economy when the United States buy all our good companies?
So imagine you're hypothetically buying the FTSE350 as your monthly index fund because you believe in the future of the UK (for some weird reason), but let's assume that's the case. Then we create a really good company that's growing well and expanding. At the moment the company is private so it's not included in your…
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Pension maturity
My wife had a small pension fund which matures in July when she turns 55. She doesn't work. The pot is £13k. Can she access the whole amount tax free or will she have to pay tax on 75% of it? Any help appreciated!
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Tax Havens
Usual apologies about this being in the wrong forum, but I didn’t know which one was most relevant. I haven’t got enough money for this to be pertinent to me, it’s simply something that interests me, and I know nothing about. I was reading about the Channel Island of Sark, which is desperate for more people to move there,…
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Birmingham Midshires
Ive just found a Birmingham Midshires Share Allocation Statement but not shares certificate and no date just a reference number I think i also have some BAE Systems shares but no idea where the certificate could be! How do i find out more about this many thanks
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Please can anyone help?
I have offered to try and find out some clear advice and information, for a young couple, who are relatives of mine and working full time, regarding an opportunity that has been put to them by another very fortunate relative. Having contacted the CAB, they advised the young couple need advice from an Independent Financial…
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Capital Gains Tax on share sales
Can anyone explain to me how the Inland Revenue get to know about CGT liabilities on share sales? Do all UK brokers report all purchases and sales to the IR in some way?I have never had to report CGT before but due to the much reduced allowances this year I will be a few hundred pounds over the allowance. As I have been…
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NS&I online log-in authentication
I've just given up my landline which was the number I previously used for NS&I 2 step authentication so I'm trying to give NS&I my mobile phone number so that I can log in. You have to ring them to change your phone number so I rang. They asked me for my password. I never give anyone my password for anything. I have only…
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How much can you receive from a discretionary fund id you're claiming benefits?
I assume you can't have more than £6k in your bank if your claiming UC. So any discretionary fund payments would have to take this into account? My neighbours brother is his funds trustee but there's nothing particular in the will that states how much he can get but as he's on benefits I assume he can't go over £6k. He's…
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Can i back out of a share trade made online?
hi i have physical shares that i was selling through equiniti in uk i did it online and they require i send my certificate and signed documents to complete sale and transfer the funds since the the price has risen sharply can i back out of sale as i haven't signed documents they emailed nor sent certificate? They have sent…
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Most recent: Reeves' ISA review by pecunianonolet
26 October at 10:37PM
