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Increase portfolio or reduce debt
I'm a recently separated 40 something and I am trying to simplify and streamline my life after burning out through spinning too many plates and so I am wondering if I am better to develop a property portfolio (I have a large house and a holiday let at the moment that each generate a modest income) or to work on clearing…
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HMRC interest statement incorrect
Hi all, End of November 23 I received a letter from HMRC informing me about a tax code change. One reason for adjustment was untaxed interest. The untaxed interest was stated to be £16. That got me thinking. In the previous tax year I received £24.55 interest above my PSA. I phoned HMRC and asked for a detailed breakdown.…
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£3000 Easy Access.
Good afternoon. Can anybody recommend a easy access account for 3k which will be available on the 16th please. The money is at present in a Regular saver with Principality building society.
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Coventry BS login down
Entering username and password on the first page works. On the second page whether SMS or phone call is chosen it gives an error page "Page not available"
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How much savings to be a MSE?
I've been on here now for a few months and noticed there are a core of forum members who seem to be opening saving account every other day, or ones maturing. So how much wonga do you really need to make this work? I've learnt a few things on here that have helped me to save and am grateful for what I've got so far. I'm…
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How does tax on savings work in reality?
This might sound dumb but i'm struggling to get my head around how HMRC collects tax on interest paid on savings. I understand that basic rate tax payers can earn £1000 interest in a tax year without needing to pay any tax but what happens if you earn over £1000 of interest? I am wondering this, partly because i have…
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UK Gilts - Low Coupon Rates
As I move in 40% tax territory, I'm looking at low coupon UK Gilts (made my first purchase with TN28 with 0.125 coupon). I'll be looking to buy some more next year. How likely is it that further Gilt issues will have low coupons assuming bank rates stay around the same level ?
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UnbeatableHire.com
You invest £35,000. They supposedly rent out motorhomes. They pay you £300 a month straight to your bank account. After 3 years you get your £35,000 back. ~10% PA return. Almost certainly a scam (related to Motorholmes?), but has anyone got further information to back that up.
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How do you email sensitive documents?
So, I’m trying to open one of two accounts with building societies that only conduct things by branch / post .. in some cases they allow you to submit proof of identity by email. My question is .. how do others approach this? Are you comfortable with sending sensitive stuff by email or do you find safer / more secure ways…
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Regular savings account verses standard savings account
Just putting this out there. I am sure there are some very savvy people on here but some may be drawn in by the high rates that are always around on regular savings accounts. I always have a sniff around but when you model the impact, if you have any savings of a modest level I've never found one that works out favorably.…
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Vanguard S&P 500
Hi would this be a sensible choice to put majority of ISA allowance in for the next few years with aim of beating cash ISA returns over 5-7 years. Why would people choose this vs something like Vanguard Life strategy 60? Or would both make sense ?
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What to do next with savings? Mortgage overpayment or Invest
Hi I’ve been looking for some advice regarding my savings and I was signposted to this forum by a friend. My savings are currently split between a fixed rate bond and a cash ISA, both coming to the end of their 1 year term next week. I have £24k in the ISA and the bond will mature with £20.5k (which incls the interest I…
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Can You Buy SGLN In A Shares ISA
I have a stocks and shares ISA with Interactive Investor, which I have had for many years, and I am interested in purchasing some SGLN iShares Physical Gold ETC GBP. When I go into my account, search for and bring up SGLN, it takes me to another page where I can see all of the performance and price of SGLN, but I have no…
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Bond Funds
Are there any bond funds where the only thing the fund does is: buy bonds, hold them to maturity and then pay out the coupons? I ask this because I get the impression that most bond funds don’t hold to maturity. And/or they do other things which I don’t really understand. I want the benefits of diversification and access…
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I will shorlty have a large amount to bank from the sale of my home. I won't to use this money for a
I will shortly be receiving a large amount of money from the sale of my main home which I won't be required to use for 2/3 months for my next home. I understand FSCS will protect 'temporary high balances' for 6 months (over the £85K limit). Can I deposit my home sale money in any easy access savings account where this…
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Lowest cost / best investment platform for large investments (£2m+)
Hi, I'm thinking about moving away from Chares Stanley Direct to another platform, but they mostly seem to have complex fee structures that makes like for like comparisons tricky. What platforms do others use? Has anyone else done (or tried to do) accurate cost comparisons?
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What are your annual costs?
Just seen someone in another thread claiming that costs of 1.78% per annum from St James Place are somehow reasonable. Personally, I think that is nonsense and would consider such levels verging on exploitative. But that does beg the question: what is reasonable? How much do typical people actually pay? I just calculated…
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1 YR Savings Bond
Hello All, I've a 1 yr bond with Close Bros due to mature next Spring. I'm a little concerned that this lender seems to be suffering following the car finance "scandal'. My bond was clearly taken out when the bank guarantee limit was £400,000, ie. before the reduced bank guarantee limit of £85,000 came in, I believe a…
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Chip General Investment Account
I have some money (around £650) invested with Chip over the last year or so, I have decided I wanted to remove the funds and put elsewhere, I selected sell them and nothing happened for about 7 days, so I messaged them and got this reply today.... If you're referring to your Shareholder Shares, please note that you are…
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Savings for grandchild that lives in Australia
I now have a grandchild that lives in Australia. I'm based in the UK. I'd like to open an account such that I could put cash in there in lieu of birthday, easter and Christmas presents. By the time he is 16 or 18 I'm sure he will appreciate. Not huge amounts but it all adds up! Is this possible, if so how? Links etc would…
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Most recent: Plum cash isa offers lower interest if I Transferring an existing isa to them. Why? by FrugaiMacDugal
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