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Moneybox ISA FSCS Saving Protection
I have a Moneybox ISA, funds are held in with multiple banks, however they never hold more 50% of total funds with any single bank. So when it comes to FSCS protection it covers max £85000 per UK-regulated financial institution, does this mean the max you can hold protected with Moneybox is £85000 OR could this be higher…
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What to do with large cash gift
Would appreciate some thoughts and advice please. I’ve been gifted £60k by a family member. I have an £80k mortgage currently on a low rate (1.4% fixed ending in the summer) then looks like rates will really jump for me. i have low savings, around £5k as an emergency fund but could add more to make sure we have 3 months. I…
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Self assessment query
Hi, I've received my P800 tax calculation for FY23-24 and it correctly shows I earned just over £11k bank interest. It also says the tax will be collected from April next year (I'm paye) or I can make a one-off payment. Nowhere on my account does it ask me to complete an SA tax return. Would I still need to?
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NEW "Best Available" Regular Savings Accounts - "no chat" please 🙏
This thread is for people to post information about new
Regular Savings Accounts that meet the criteria of “Best Available”. Please only post here if you know of a new
Regular Savings Account with an attractive rate of interest. An “attractive rate of interest” will vary from time to
time, but is defined on page 1 of :-…
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How to get average inflation percentage over a set period of time
Can anyone point me to a site which calculates average inflation over a set period, say the past five years? Think I may have asked this before but can't find that thread in the history at the moment.
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Ulster Bank business days
Yesterday I transferred funds from my Monument savings account as the rate was reducing to my Ulster bank loyalty saver. The display indicating interest rate in UB this morning says "Your interest rate is 2.00% gross, 2.00% AER. This is based on your balance from end of last business day. " The funds arrived about 10am…
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Halifax Share Dealing Service
I've been buying a small amount of shares each month since the year dot, but now Halifax have emailed to say they're going to start charging me £30 a year for the privilege on top of their commission. This got me looking again at their Ts and Cs, and it appears my only two choices are to ask them to sell the shares and…
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best way of saving for grandaughters future?
id like to start a small savings policy for my 4 year old grandaughter so that at 18 she'll have a bit of something to help her out, nothing earth-shattering, maybe £20 per month. i initially thought JISA but reading up on it, it would appear theres no actual benefit to these over other savings methods now, is that…
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Castle Trust Bank
Does anyone have any experience of dealing with Castle Trust Bank? I'm exploring Fixed Rate savings bonds to 'home' £60K and they're offering a 1 year bond at 4.78% AER which looks pretty competitive. Unfortunately, I hadn't heard of them until today & know nothing about the bank other than the info on their web site so,…
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S & P 500 investment in wive's name
Hello All, Husband - higher tax bracket Wife - basic rate tax bracket We have a little savings which we want to put in an investment, I am thinking of S&P 500 index via Vanguard. I was wondering if it is more tax efficient to open an investment account in wive's name or a joint account. Not concerned about other risks like…
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Pensioners Tax on Investment Income
I am in the position this year, for the first time in a long while, where my investments to boost my pension have yielded a return much greater than the £1000 allowance. Following my retirement in 2012 I continued to forward a Self Assessment each year. I cancelled my Self Assessment status in 2002 after 10 years of paying…
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Where do I find info on ETFs that have monthly or quarterly distributions?
I currently have a Vanguard ISA, over £32k in value, and now I have stopped FT work am looking for regular income. My thought are to transfer it to HL, to reduce costs, as the plan is to buy low cost distributing ETFs that pay out at least quarterly, preferably monthly, to supplement the other income I have. Thinking about…
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HSBC: "cash-related payment" fee charged when paid for broker subscription
The original topic is here, didn't want to post the same thing twice as it's related both to investment and banking.
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Buy-sell spreads on different platforms
I am curious to know if buy/sell spreads usually vary between different investment platforms. Is this even allowed? As examples the prices on two platforms for 3 ETFs showing now - presumably relating to Xmas eve close - were SPDR MSCI WORLD UCITS ETF (SWLD) Iweb Buy: 3,169.5 p/ Sell: 3,103 p (2.1%) AJBell Buy: 3,170.5 /…
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Should I sell my Lloyds Shares?
I am in my eighties and have some health problems so I am organising my finances for the inevitable. I have 360 Lloyds shares that I got when Halifax went public that are now worth less than £200. Should I sell them now or let my estate deal with them?
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Options on One Family ISA after my sons 18
My son turned 18 in November, he hasnt done anything with his money as yet. I wondering whether he should invest some in their stocks and shares ISA or if theres a better option? He will probably draw some to a short term savings account and invest around £3k in a long term one, any suggestions please as its something I…
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Taking delivery of certificates on ETF shares
Is this possible? And if so who do I makes the request from, my share broker, or the stock exchange or who trades the stock. And finally how do you go about it Thanks
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Mindset over finances - am I the only one
Hi A bit of background I’m 36 yrs old, single own a small home worth £120k - mortgage of £65k savings/investments of £55k I always feel like I don’t have enough money, and have a bit of a ‘fear’ of not having enough to live on in retirement, even though it’s a long way off i stick to budgets and feel as though I’m ruled by…
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Income Tax across Pension income and Dividends
Maybe this is a dumb question, but I am going to ask anyway. If I have taxable income across two streams - pension income and dividends as follows - Pension Income of £14,000 Dividends of £2,000. The total taxable income is £16,000 so tax is obviously due. If the tax free allowance is £12,570 - tax is due on the remaining…
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Estimating / Calculating Dividends on Acc. units and ITs
Hi, I am trying to calculate the notional dividend income as accurately as possible on some accumulation funds and investment trusts. This is to try and work out my tax position as accurately as possible for this 2024/2025 tax year. I totally appreciate that dividends are reinvested on acc units, but there is still income…
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Most recent: S&S ISA Transfer Timescales by Organgrinder
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