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Tax on foreign bank interest
Hi there I am a UK resident again from 2020 after moving back from Australia. I have funds still in oz which learns interest. I complete an australia tax return every year and pay my taxes. Do I need to do a tax return in UK. I earn roughly £6000 in interest a year or less Thank you
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Help to Save Account
I just wanted to check if i'm interpreting this correctly. In years 1 and 2 of Help to Save if I saved the maximum 1,200 I will recieve a 600 bounus. However in years and 3 and 4 they only pay out the bonus on the difference between your 1 and 2 years maximum balance and years 3 and 4 balance. So if you saved the max in…
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Vida Cash ISA easy access
Just transferred my Isa from Trading 212 at 3.85% to Vida thinking I would get 4.3% and now I see they are reducing to 4.05% from 3 September! Mugs game this chasing the best rate
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Pensions advice fees
Hi there. I'm new to the forum, so finding my way around. If this question has been asked already, then please signpost me. I am aged 72 and have a total pension pot of £285k, with Aviva and with Clerical Medical. They are currently in cash funds (don't ask). I understand I have to make a decision on what to do with these…
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Advice Please re Fixed Rate Bonds
Asking for a friend (genuinely!) who has been through major illness, is now unable to work, and has just sold a small second property she had been renting out. She now needs to invest the proceeds (£100k) to supplement her state retirement pension (only income). Her high street bank FA has provided details of fixed rate…
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Notice Accounts
I can't see any dedicated thread for Notice Accounts, so here we go. My question for all knowledgeable people in this forum is whether anyone has any experience with Allica Bank, I currently have a Zopa smart saver account and, so far, can't fault them really, but Allica are offering 2% for 95 days notice compared to…
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Short term savings options
I am in the process of moving house, so I have sold all of my stocks that were in my S&S ISA in case of a crash and filled this year's allowance in a cash ISA for me and my partner. I have ~50k left over sitting in a current account not earning any interest that I won't need to transfer to the solicitors for 4-6 weeks when…
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Chase Saver 4.75%
Has anyone tried this? “Newbies can also open its linked easy-access saver within
31 days of opening the account, which gives 4.75% (2.5% variable + 2.25% fixed
12mth bonus), min 1p, max £3m.” MSE, August 2028
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Where to put my inheritance?
Hi! Bit of background... I'm 27 and have a 3-year old daughter, I live in a rented house, and I'm just going into my final year of a MSc Healthcare course. I come from a fairly low-income family and I've been pretty bad with money over the years, but finally getting better at managing my monthly income and not spending…
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How to cut on taxes after redundancy payout
Advice please! getting redundancy £140k (£110k subject to taxes) YTD earned £47k expected more income this tax year circa £10-£15k (if I find a new job) which will take me to way above 45% tax bracket monthly expenses £6k what should I do with redundancy money to reduce the tax but also earn something I need to have…
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400k cash investment tax implications
Hi I have 400k that I wish to get invested and apart from the GIA route which has tax implications. I can slowly use this money to fund my ISA each year but that has CGT impications and it will take years. I went to see IFA and they suggested investment bonds which I don't know much about so going to do some research. Has…
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Accumulating vs dividend-paying ETF
I've recently signed up for Interactive Brokers, and am trying to figure out a sensible default for the majority of my income. I basically want a cheap ETF that tracks the global economy, and one of the best options I've found is VT, a dividend-paying ETF for the Vanguard Total World Stock ETF, with an 'expense ratio' of…
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Cold wallets crypto
I'm spending time trying to learn a bit more about storing crypto seed phrases. I came across the 'material cold wallet' concept. Is this where you create your own seed phrases? These are not electronic, so how does crypto purchased and stored on crypto platforms 'know' what the phrases are?
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Virgin Regular Saver Glitch - one application opened two accounts
I applied for the current issue regular saver online, at the end of that process it said something like "we need to check some details". This morning I had two messages, by email it said .. "Good news, we have an update on your Regular Saver Exclusive Issue 3 application.All you have to do is sign in to your application…
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IG contact
Has anyone had any luck contacting IG investments, preferably to speak to a human? I sent some money to my IG account but looks like it was mis-routed (reference auto corrected and I didn't notice - yes I know it's my responsibility). IG only seem to be contactable via WhatsApp (no response after 4 days) or Chatbot (no…
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Non Resident Shares Sale - Broker
I have some Aviva shares, registered at Sharecenter and want to sell them, but I'm not UK resident hence Sharecenter wont act for me. I have had no luck trying to identify a broker for this, does anyone know of a broker that will transact on behalf of non-residents?
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Atom Bank. Investor beware, they have your money & they keep it as long as possible.
In January I signed up for one of their six month bonds, choosing the option of interest paid monthly. Everything seemed OK, it was all done on one of their Apps. But there was no clear confirmation of whether it was end of term or monthly payment in any of their communications. In fact I received only two emails;…
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Santander edge bonus period has ended
Rate now reverts to 4% i believe, on balances of upto 4k. Actually 4% seems ok for me....i cant move that money to an ISA this year(used my allocation) - I have a natwest digital regular saver, which is now almost full too.. Are there any other decent savings accounts/regular savers or am i going to be better putting this…
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Cahoot Sunny Day Saver/Simple Saver/Fixed Rate Bonds - Upgrade Available
When I logged into Cahoot the other day, I noticed an upgrade link on my accounts page which I've not seen before. My Sunny Day Saver (interest rate 4.75%) was due to end on the 31st and I was able to upgrade to the latest issue which is 5% so it's possible it's not there all the time, maybe just when an account…
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Regular savings
Hi. I am looking for an account where my wife can pay in her state pension (£921)every month and not withdraw for at least 1 year. Everything I've looked at so far the max is £300 per month for the best rate. Any help would be appreciated thank you
Have a savings question you're keen to discuss? Here is where posts around ISAs and tax-free savings live.
