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UK gilt calculations
I am calculating the redemption rate annually for the gilt TG31 - 31/07/31 coupon 0.25%. Yield Gimp website gives a redemption of 4.20%. Current price is £76.96. My calculation is: 100 (par value) -76.96 = 23.04 23.04\6.75 (year to maturity) =3.41 3.41 + 0.35 coupons= 3.76% So approximately 0.36% difference. Where does…
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Halifax Sharedealing - Good? Easy? Cheap? - ETA, But Lloyds better? 😉
Morning all, DH is currently with Fidelity, and paying monthly fees of ~£32 on his S&S ISA. After a bad experience trying to switch to iWeb, he appears to have been "banned" from there, as he is unable to reset his log-in (so lets park iWeb for a moment - long story) Who's the next best to switch to? It will be a switch…
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Saving account interest question.
I know this may be a very basic question, but I'm new to savings, so here goes. If l deposit say £1200 into a saving account for 12 months at say 5%, would l get a similar amount of interest if l had place £100 per month in a regular saver at 5% also?
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Account for child/minor vs. Bare trust for child/minor
If grand parents want to gift some money to a grandchild who is younger than 18 years, I understand this can be done by opening an account for the child with trustees appointed or a bare trust be set up. Is there a difference between the two or is a child account automatically a bare trust, given that trustees need to be…
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Cynergy bank messed up my reinvestment
My Cynergy 1yr fixed rate bond matured Nov 1st. They asked if i wanted to setup auto renew a while before maturity but I chose no. To back up my decision, and because they are very poor at communication,(problems in past) i sent a secure message a week prior saying do NOT auto renew and to transfer my funds to my nominated…
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Section 104 - Barrett Redrow
Hi all. Can anyone help with how I calculate the details of a section 104 holding following merger / acquisition? Earlier this year, I had X shares in Barrett house builders and Y shares in Redrow. They combined to become Barrett Redrow and I now have Z shares in the new company. Soon, I will be making a partial disposal…
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Best child £50k investment?
I have been left £50k (tax all sorted by solicitor already so that's the final amount) which I want to invest for my young, only child. They have an ISA and I'm not keen to add more to that as I'm not 100% comfortable with them having such a huge amount at their disposal at 18. I considered a buy to let property, but the…
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When to sell investments
I need to sell some investments in the next few months. From an ISA, so no tax implications. I'm wondering if there are generally accepted views on when to sell. Obviously the market can move up or down, and I'm not asking for advice on that. The kind of answer I'm looking for is on the lines of "If you must sell in…
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Oracle Home Ltd Property Investment
My parents have been investing with this company and I believe it is a scam and they’ve been had. Anyone else heard or dealt with them?
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New to investing - should I do both ETF and bonds?
I'm new to investing, and looking to start my journey with index trackers (still working out ideal ratio of S+P, FTSE100 / 250, Whole World etc.). But, I recently looked into Bond Funds a little more, and it seems that it might be an ideal time to consider these. Apparently, bonds perform best after an interest rate peak,…
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Advice on LISA and other savings
Hello all, I'm looking for some advice on what to do with my savings, mainly my LISA. I'm 34 and opened it following some inheritance I received a few years back. I have 10k sitting in it. I opened it to take advantage of the 1k bonus and with the expectation of buying a house within the next 10 years. At the moment I'm…
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Suggestions for Short Term Investment
Hi, have never really been in the market for this sort of advice before (as never have any spare funds!) but I have sold my house and don’t have a clue where to deposit the £130,000 proceeds until I buy a new house in the New Year. Is there a short term best solution to this that may bring me a little interest, but that…
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Tax on interest savings - I haven't had a letter from HMRC
I am payed via PAYE and will need to pay a little bit of tax on interest savings for the 2023/24 tax year. I was under the impression that I would get a letter from HMRC with the amount owed and a taxcode change, but I haven't received anything. I need to fill in a self assessment for some freelance work anyway, so should…
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Gatehouse Bank Regular Saver
I have just opened a Gatehouse Regular Saver and have tried to make a transfer which did not work. Does anyone know if I have to wait until I have verified my nominated bank account for the deposit to work? Many thanks.
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Inheritance and help to buy
Hi there, hope someone can answer this for me. Currently in a Help to buy agreement, if I receive an Inheritance, will this have an impact on my situation. Based in Scotland.
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Investing for children - taxation
Is there a way to invest in shares using your children's personal allowance for dividend income? (going beyond Junior ISAs) I am confused about various account/trust types and he taxation aspects: I just read that there is such a thing as "parental settlement" for Bare trusts which seems to mean that the income is taxed as…
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Cynergy Bank says NO.
Cynergy banking down on app and website due to maintenance.
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Inheritance advice - £350k
Good morning, I'm looking for some advice following an inheritance of £350K - how do people advise we invest for best return. Current situation; Married - early 40s, both working approx £100k joint annual income 2 children - primary school Mortgage - due to be paid off next year - have looked into paying early but would be…
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Halifax regular saver.
Do you need a current account to open a Halifax regular saver? I know lloyds and BOS does but I'm not sure of Halifax.
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On track to exceed my PSA - should I move my money?
Had a flurry of regular savers and fixed accounts maturing over the past few months. I have kept rough record of these and think I may exceed the £1000 PSA limit, but not much. Maybe £80 or so. I have two more accounts that are accumulating interest, one of these is a fixed deposit so nothing I can’t do about it. The other…
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