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Reduce tax paid by putting to pension
Hi guys Asking for a friend - they are a higher tax payer - circa £90k pa. Is there a type of pension that they could pay the maximum into - that will reduce the tax on their pay packet, and not affect the take home pay too much? Ie - pay £2k a month into a pension and pay £2k a month less in tax? Thanks in advance
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move funds from trading account to sipp, or wait until ISA allowance renewal date
Bogged down with choices from inheritance investments etc.I inhearited funds and topped up my wife and my ISA. i still have £45k with HL in a trading account, £40k in savings between both our names.And £20k in a AJ bell trading account, both have ISA accounts and I have a sipp, few 100k between my sipp and ISA. and 1…
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Urgent help needed - investing in a private (unlisted company)
Asking for a friend who has been given the opportunity to make an equity investment in their employer - it's a large-ish company with a number of real offices in the UK, accounts up to date etc... but it's not publicly listed. So immediately high risk just on the basis of liquidity alone, but is there any specific process…
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What to do with my money? Please help!
Hi all, As the title says really, I have some money saved up and I am unsure as to what to do with it. I am 28, live alone and have achieved this with no help from family etc by working hard and struggling along the way. I have a mortgage with £48,500 left on it. I am overpaying the maximum I can on this but avoiding the…
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US Shares
I need help please, I have a some company shares held by Morgan Stanley, the shares are in the US, I'm a UK employee and I'd like to know how to cash them in, Morgan Stanley require a UK Brokerage account. Can anyone advise why this is required? about 14 years ago i had some shares and when I cashed them in they sent me a…
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Standing Order - Cancelling?
When should (can) I cancel a Standing Order? I have an SO for Nationwide Monthly Flex Regular Saver Issue 2 savings account, one year. I have been trying to get my savings in order and preparing for this years savings. My last £200 (1st of the month) has been taken from the current SO and the account matures on 31st…
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New money, the future
Hi I was after some help/advice if at all possible. This year will be the first year that my family has what I'd call a substantial amount of disposable income. We're looking at around having £4,000 after all bills and outgoings a month, the question I have is what would be the best/smartest thing to do with this money…
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Significant amount from property sale - what to do with the money
Hi Genuinely asking for a friend, a relative in fact. He has sold a property abroad and is dealing with all the Capital gains tax implications in that country. Also transferring the money at the best Xg rate. He is a single father, on a low income, home owner mortgage-free, no savings, no pension, no other investments, one…
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Advice for holding house sale proceeds for care home fees?
Hello savings people We're in the process of selling my partner's father's (FIL) home to fund his care fees. He's lost the mental capacity to deal with anything and been in care for a couple of years now. We hold power of attorney and have a deferred funding arrangement for ongoing fees in place with the council. His…
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Saving VS Paying Debt
New to the forum, so huge apologies if this is a subject that has been discussed to death, however I have been thinking a lot lately about being more involved in the finances at home. For context my partner looks after them, and does a good job, but we disagree on a few aspects and I would be keen to understand what other…
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HSBC Premier Banking and Wealth.
*if this should be in budgeting/bank accounts feel free to move it. I do the odd mystery shop, some of which involve banking tasks, last week I carried out a few on HSBC involving Premier Banking and Wealth (which incorporates savings and investments). Question I have is this - I find that if/when I do ever speak to…
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Capital losses for asset ACQUIRED abroad but SOLD in UK?
Moved to the UK in April 2022. In 2023 I sold some crypto assets at a loss that were acquired in 2021. Now can I use these losses against 2025 capital gains? Many thanks.
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ISA Management charges
I have an ISA with a reputable firm but after the inital 12 months i an now paying £5 per month in management fees. Do all ISA firms charge fees to look after (do !!!!!! all with) your ISA? Are there any ISA firms that will just be happy to looking after my ISA investment without charging fees?
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Saving for children
I have a couple of questions that I'm hoping people may be able to help with- 1. I have a child trust fund for my oldest child. Is this the best route for saving to have something to give her? I've paid a little in each month for years. 2. I haven't set anything up for my youngest, what is the best route to do this ie…
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Tipton - connection is not secure message - anyone else
I am trying to log on to check my balance on my phone through the app and have had a message pop up after the “getting things ready” screen to say “connection is not secure contact Tipton”? Is anyone else seeing this or do I need to worry about my phone security? Thank you
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Buy to let capital advise
Hi All Just after Some advice, I am purchasing a BTL via a LTD co. I need to pay £100k in total and have a cash shortfall off £20k I have a few options as I have a watch I can sell for circa £12k and stocks at £25k Options 1, sell stock 10k and get a 10k loan (interest can be claimed back) 2, sell watch 12k and get a 8k…
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Best savings accounts for 18 year olds?!
Hi everyone. Kind of new to this so bear with me. I'm 18 looking to open a high interest savings account. However, given my age, there is little widespread information to verify my identity. As I pay no bills, have no credit score etc I couldn't open an account with Atom Bank, a purely app based service, as I did not pass…
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Hanley Economic BS FREEPOST address
Is it still FREEPOST HEBS? Google hasn't been kind to me for recent results. TIA
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Mothers Tax
Just wanted a check on my mothers tax situation. Have I done anything incorrect? Thanks
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Unable to Withdraw Savings from Help to Save Account
Is anyone else in this position? For the past 2 months I have been trying to withdraw money from my Help to Save account. Every time I am met with the response below. I wasn't trying to close the account, just withdraw £100 and my balance is £2400. I've complained to the gov.uk tech folk repeatedly but not even had a reply…
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21.2K discussions
159.6K comments
Most recent: Keeping track of isa allowance by masonic
21 September at 7:32PM
