-
Interest on non ISA savings
Although my salary is slightly into the 40% tax bracket at £53k, my workplace salary sacrifice lowers the salary to about £46k. Does this mean that any non ISA savings interest I earn is taxed at 40% or 20%. I try to keep the non ISA interest to below £1000 per annum by using ISAs. I don't have any other earnings apart…
-
The Faster Payments Cut Off Times List
Welcome to this thread. The purpose of this thread
is to provide a regularly updated list of the cut off times for faster payments
made into the savings accounts offered by various banks and building societies
to begin earning interest the same day. Given the sheer number of banks/building societies
there's bound to be…
-
Setting up 3 DDs for bank switch
Hello Need to set up 3 DDs to enable bank of Scotland switch bonus on a bank account which currently has no DDs I can see there are sites that offer option to set up dds for small charge Any one used one and if so was everything ok and any recommendations for best one to use appreciated Many thanks
-
NS&I to pay £367 million to bereaved families after failing to trace savings
Tens of thousands of bereaved families will be contacted by NS&I and told how to access their loved ones' cash. It comes after the state-owned savings provider initially failed to locate the accounts… Read the full story: NS&I to pay £367 million to bereaved families after failing to trace savings If you haven’t…
-
Capital Gain calculation for short selling shares
Does anyone has experience for Capital Gain calculation of short selling (i.e. sell before buy) shares? After reading HMRC manual, https://www.gov.uk/hmrc-internal-manuals/capital-gains-manual/cg51555 my understanding are The gain is realised at the short (disposal) rather than the cover (acquisition). If there are…
-
Starting Savings Rate for tax on Interest
Is this an annual allowance, or is it what it sounds like, only available in the first year you start saving?
-
Delegated FSCS protection - fintechs
Just been reading about an issue in the states and wonder if the same could happen in the UK. Not sure how much of this is true but using multiple companies sounds like a common ploy to get round regulations. Yotta (a FinTech) looked like a bank and claimed deposits were protected but it actually accepted deposits, sent it…
-
How much interest can a pensioner get tax free?
My dad is a pensioner and his only income is the full new state pension (£203.85 per week) and interest on savings. I know about the PSA of £1000 that you can earn of interest tax free, but wondered if my dad can earn more than that? I have read something about a starter rate, but I don't know if that is applicable. Can…
-
Lloyds Regular Saver having switched away from Lloyds
I've switched for Lloyds to another bank, however I still have the Regular Saver and continuing to pay into it. The account still says interest at 6.25%. Will this continue to pay at that rate? I've seen nothing from Lloyds to tell me otherwise!
-
MSE News: Government-backed NS&I's new fixed-rate savings pay up to 4.69% interest
NS&I has launched new fixed-rate savings accounts that let you lock in good rates for one to five years with total safety, as NS&I is backed by the Treasury. They're worth looking at if you're keen to save with a big name and won't need access to your savings – though you can earn a bit more from the top payers elsewhere……
-
Transfer from management of investments in active Wealth Manager to Vanguard passive funds
Hi all, Quick question for anyone who has transferred their general investments and ISAs from an active manager to simple passive Vanguard funds. How much of a headache is it? For historic and convenience reasons I have built up a decent pot of investments with a wealth manager over the years with the portfolio designed…
-
Revolut 5% Instant Saver - unable to access
Just alerting MSE and others that after signing up to a Revolut account to access the 5% rate advertised on MSE and on their page, I was given 2.9% and customer support said that was the rate and didn't seem to understand why the 5% wasn't available. I gave up and closed the account!
-
Moved Back to the UK and Looking for Help with Vanguard Account Regarding Self Assessment
Hi, I moved back to the UK recently and I've got a question regarding a non ISA Vanguard account I've set up. I've recently received a tax consolidation certificate from Vanguard which I'll report my very small dividends payment onto my self assessment. Say my investment increased by 21% that will be reported in the…
-
Giving closed ended land fund to charity
My late mother invested in a closed-ended land fund with Stirling Mortimer. Now that her estate has been finalised, my brother and I have the option of transferring it into our names. However, neither of us wants it, as a closed ended investment is just a complication for us rather than a benefit. It makes sense to donate…
-
Government Consultation - More Timely Payments for Income Tax Self Assessment (ITSA)
Within this Government Tax Update released today … https://www.gov.uk/government/publications/summary-of-tax-update-2026-simplification-modernisation-and-fairness/tax-update-2026-simplification-modernisation-and-fairness-summary … there is a section titled 'More Timely Payments for Income Tax Self Assessment (ITSA)'.…
-
Carnival shares, transfer to NYSE - complications?
Today I've been informed that the proposed transfer of my Carnival plc shares to the US market, as a result of the abandoning of the UK entity in favour of the US entity, will not now take place — because it's going to cost (Carnival Corp) too much! Apparently I can still transfer the shares to the NYSE, but this will cost…
-
Investment news/price monitoring
We have Interactive Investor accounts but I used to use a free account on the the London Stock Exchange website for quick price monitoring and to check dividend and results announcements through watchlists. They have now removed this facility and migrated the news monitoring to their Sparklive service. The new version does…
-
Trading212 advice
I’m a complete novice when it comes to investing. I’ve just opened an a/c with the above (a very modest amount). What I’m unsure about is this: On the home page, i the top L/H corner, it shows the amount deposited; there is also lots of various data. Do I have to do anything else (ie pick certain companies) or do I just…
-
Who else owns Lindsell Train Japanese?
I will start by asking for no posts saying "How would you invest if your cash was in the bank today?".So, the miserable ride of the last year continues. I realised early this year that the Japanese market is highly - perhaps uniquely - unpredictable, for reasons I don't fully understand. I decided that because the fund…
-
Options for investing £38k from sale of an asset?
I recently sold my narrowboat and have pocketed £38000 for it. Obviously over the ISA threshold. What might be an approach to earning the best from it? Ideally for 2-3 years. I bought a house earlier this year and after putting £45k into it on the purchase of a house which cost £249k, the vague plan is to pay off more off…
Have a savings question you're keen to discuss? Here is where posts around ISAs and tax-free savings live.
21.9K discussions
168.6K comments
Most recent: Cash or Stocks and Shares LIS… by masonic
Today at 3:07PM
