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Ever more difficult for foreigners to open bank accounts and savings accounts!
With the rise of AI it has at times become almost impossible for a foreigner, legally in the UK to open accounts anywhere. Even simple things like changing a nominated account has become a nightmare and, in my case, and I am sure in the case of a lot of other foreigners like me, with the right to reside in the UK, in my…
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Do dividends under £500 have to be declared on a self-assessment
I THINK they don't but the HMRC guidance wasn't totally clear, at least not to me. The guidance on this forum is substantially clearer :)
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Crypto Currency ??
I understand what crypto currency is - its a "virtual" currency But I can't understand how people can make a fortune / loss investing in itand what is the equivalent in £'s or $'s to "mining" ?is it "printing your own currency ? Could someone explain to me in simple terms ?
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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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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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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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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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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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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
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Second property rules
Can I let my second property rent free to my adult son rent free as did not tell child and working tax about my second property purchase when I bought it 5 years ago
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Investment advice needed due to sudden disability
Due to sudden and debilitating chronic illness, I won't be able to work in the foreseeable future. I am hoping that I will recover within the next decade, but this is uncertain. I have 200k GBP in savings, which should allow me to focus on my recovery and not having to worry about my existence from a financial standpoint.…
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Charles Stanley Direct
Thinking of taking advantage of the Charles Stanley Direct Cashback offer and transferring my SIPP from Interactive investor across to them. SIPP is c100k. Has anyone used them and are they safe and an ok provider to use? Fees are higher that II but the cashback offsets that for 12 months, even allowing for the transfer…
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