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How to maximise my savings?
Hi folks I've been banking with HSBC for quite a few years now, but their interest rates aren't particularly great so it's time for a change. After weighing up my options on MSE I've initiated a transfer of my cash ISA to Vida, and have already moved my easy access savings (about £32K) to Chase. I was just wondering if…
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Anyone managed to beat the FTSE 100 in this simulator?
Hello folks, I stumbled across this quick interactive game today and thought some of you might find it interesting: https://www.strategicwealthpartners.co.uk/can-you-beat-the-ftse-100 It’s a 10-year historical simulator where you try to time the market based on real news headlines from the past. It really drives home how…
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Do we need to report a sale of shares?
We have sold some shares, on behalf of our grandchildren, that were in bare trusts, the gain is under £3000 per child, they are not taxpayers. Does this need to be reported to HMRC?
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Retirement Investment portfolio thoughts
Considering retiring soon Aged 45 with a view to living until 90 or so, current portfolio in a variety of single stocks totalling around 1.5mil all in tax wrappers, Thank you Rolls Royce Our FIRE numbers Here have pension income/lump sum kicks in at 60yrs, 25k / yr and 144k lump sum. We have no children and no plans on…
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Opening new BoS current account?
We have accounts with Lloyds and Halifax, and have opened the 8% regular savers for Lloyds (OH), Halifax (both of us), and BoS (myself only). I have already got 2 Lloyds RS which I will let run to term. I didn't have any previous relationship with BoS but managed to create a login by using my Halifax account details. I now…
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SUN LIFE OVER 50 PLAN. A WORD OF WARNING
In November 2006 my father opened this plan with SunLife. He agreed to pay them £22 per month and was guaranteed a lump sum payment of £2,040 upon his death. My dad continued to make these monthly payments right up to the day he died at the grand old age of 90 in January this year, in fact Sunlife took a payement out in…
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Advice for ISA for wife
Hi, my wife is thoroughly pee'd off with Aviva since switching her pension to them, they seem spectacularly unable to take her direct debits every month. So she's decided just to leave that pension as it is with no further contributions and set something else up instead. She's 56 and this will go towards retirement, but…
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Gifts out of excess income
One of my parents has been diagnosed with a terminal illness. There was a life insurance policy, which paid out to the children, and premiums paid for around 10 months. We will be using the gifts out of excess income exemption for IHT purposes for these premiums. This has been the only time, thus far, that we will be using…
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IDS PLC / EP Bidco claim form
EQUINITI tell me i have to find the share certificate for my Royal Mail plc and sign a letter of indemnity which will carry a charge. But there was never a share certificate I could trace. But I have all of the dividends tax vouchers to prove i was the shareholder all the time. How much will the charge be? The number of…
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Selling Australian shares
Hi folks, my mother has recently (after what seems like it took forever to sort!) had a number of shares in Commonwealth Bank of Australia transferred into her name, that used to belong to my deceased father. The shares are managed by Link Market Services, but it appears as though it won't let us sell the shares via their…
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Restructuring Finances Following Redundancy
Hi All, I just came through a difficult redundancy after many years with the same firm. I am fortunate to own my home with no mortgage and all debts are cleared. I am also very fortunate to have another job lined up at a slightly increased salary. I am 42 and my pension pot sits at circa £140k. I want to finally sort out…
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Complicated one involving Junior Cash Isa
I am looking for help with this because I keep hitting brick walls and I'm hoping somebody knows the answer. My initial question is this: If I have no ID except my birth certificate and my NI letter (I have not been in work or claiming benefits), can the bank refuse to allow me to activate my Junior Cash Isa? I am 20 now…
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Picking a world tracking ETF
Looking at - UBS core MSCI world UCITS ETF USD ACC It has an ongoing charge of 0.06% which is about half the price of other well known all world trackers. Is there anything to be wary of down the line with this?
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Gilt coupon income - report to HMRC without SA?
Quick question, apologies if this has been asked before. I currently don't perform self-assessment, for savings accounts just relying on the banks to report interest to HMRC for tax collected when above the PSA (which I will exceed). They've been doing this accurately and I do have a personal tax account. If I held a…
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Photo id for ISA mandatory?
Having an argument with Nat West and they've made the following statement: "For certain regulated products, including ISAs, a valid photo ID is mandatory under UK financial regulations and anti-
money laundering laws. While alternative documents such as a birth certificate, utility bill, or paper driving licence can…
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Which fund to use a wrapper ?
Previously I was hoping to put some of my spare cash in ILG or gilts but the situation has changed. I am reviewing how to use my cash which is split into two main pots, a cash and a cash ISA. I am trying to decide when to use what and for which fund to minimise tax. I hope not to access these funds for the next ten years,…
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just seen that you have mentioned a Halifax regular saver account which pay 8% interest.
How will it work as I believe that Lloyds are taking over the Halifax accounts. Will this be for savings accounts as well as current accounts?
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Only able to open 1x8% RS..?
Long story short…opened BOS got acc no's for CA…opened Lloyds RS straight after …got acc details…funded their RS…got log in details today for BOS online …can't see option to open up "BOS" RS…chatbot saying only allowed 1 per acc..!! SORTED..!!! Gives you the option through their "app"…immediately… doesn't online only….
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What to do with my money?
Hi all. Prob an age old question but . . . I recently moved house and into something more than adequate for my needs, where me and the wife will be happy to see our lives out - both mid 70's. This has left me with a few 100Ks to invest wherever I can (horrible task) but that is not the concern. Due to a mental breakdown…
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Gilts held offshore and CGT
A good friend of mine with a French brokerage account (but resident and tax-resident in the UK only) wants to buy gilts and keep them in her offshore account. The idea is to buy low interest gilts and to hold them to maturity. So I've asked an AI whether gilts held offshore enjoy the same CGT exemption as gilts held here…
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