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TRS registration - settlors
Hi, We opened a bare trust account with Hargreaves Lansdown and have also registered the trust with TRS online. The initial money that was deposited came from a joint account but we only put one settlor in the HL form and also corresponding one settlor in the TRS registration. HL only allow one settlor and they said the…
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Children's Inheritance from Grandparents
Hi, Hoping somebody can help me with an issue I am having with my adult children's inheritance from their grandmother (ages 19 & 22) The will stipulates that it is to be held on trust until 25. I have been given the money to hold, which I did not expect - it is currently in standard bank accounts in my name as I am not…
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Cash ISA - Trading 212 or Moneybox? Both offering 5.17%
Transferring my lifetime ISA to moneybox to get that sweet 5%. I just wonder if i should go Trading 212 or Moneybox for transferring my Cash ISA? I see not much info on the MSE headpage. The only thing is 212 is flexible? Has anyone experience with both and which is easier to use and manage? Thanks.
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High interest savings accounts
Hi, my mum wants to invest £120,000 into a high interest one year, or six month savings account. We were looking at Zenith bank, as mentioned on this website but don't know anything about them. They don't provide an online portal to 'see' your account and only deal with emails and phone calls. This didn't sit right with…
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Personal Savings allowance and earned income
Quick technical question. If I want to stay within the 20% marginal tax rate and therefore get £1000 of personal savings allowance, do I need to keep my earned income below £49270 or below £50270? In other words if I earned 50270, plus £999 of savings interest, does that mean I lost my £1000 allowance and pay 40% tax on…
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Tax free ISA savings and Income Tax Bands
I fully realise that ISA interest is TAX free but does it / can it take you into a higher rate tax band. For example, if earnings amounted to say, £46,000 and ISA interest amounted to £7,000 whilst the ISA interest is tax free, will it take you into the higher rate Tax band with a lower Personal allowance of just £500…
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Christmas Saving accounts 2025
I know that Principality Building Society are currently doing one but are there any other Building Societies offering them?
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S&S Isa - Best platform with low fees
Hi Just wanted anyone's experience on platforms with low fees for S&S Isa. I'm planning to invest £500 p/m in HSBC FTSE All World Index C Accumulation and want something with low fees. I looked at HL, Vanguard, Fidelity, AJ Bell and they all seemed pretty similar. Any thoughts/experience with any of these (or other)…
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Zenith Bank funding question
I have opened a two year fixed account with Zenith bank. They are asking for the account to be funded by bank transfer. I am happy to do this but there is no option for internet banking with this sort of account, so I am concerned that I have no way of checking that my funds have arrived safely. Does anyone have experience…
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Unable to transfer Australian shares - Help
In 2016 a UK AIM listed company was acquired by an Australian company which delisted in the UK and then listed the newly allocated shares on the Australian stock exchange. These shares are being held under Halifax Sharedealing Services who do not trade on the ASX exchange, and now I need to trade some of the shares. I…
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Tax on savings interest
I would be grateful for a second opinion please. Earnings & pension total £16,100. Savings interest of £2300. I think I should be allowed a ‘starting rate for savings’ balance of £1,470 tax free (£17,570 - £16100) plus a ‘personal savings allowance’ of £1,000, resulting in all savings interest being tax free. HMRC say as…
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Monzo vs invest engine etc
I am an early starter investor. I have been putting £50 to 200 in a Vanguard stocks and shares isa. I don't really understand much. I am pretty clueless. Due to the fees I would like to find another platform. I also hated the vanguard platform. It was clunky and I found unclear. Even to change my direct debit was annoying.…
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Looking for a top(ish) savings account with FP withdrawals
Hi....So I am looking for a replacement savings account that supports FP withdrawals. Not for me but for the offspring. Yes, they could / should do this themselves, but this is what I do :) They have basically begun their responsible lives using Chase, which obviously has always had a decent savings rate available. And…
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Tax free interest
I would be grateful for a second opinion please. Earnings & pension total £16,100. Savings interest of £2300. I think I should be allowed a ‘starting rate for savings’ balance of £1,470 tax free (£17,570 - £16100) plus a ‘personal savings allowance’ of £1,000, resulting in all savings interest being tax free. HMRC say as…
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Declaring savings interest
How should tax on interest on multi-year fixed
bonds be declared ? The HMRC guidance to institutions on submitting the BBSI return lists what
interest payments should be included – specifically stating ‘paid or credited’
in the year - contradicting the SAIM 'arising' rule. Nationwide, which used to
allow withdrawals on…
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Confused regarding fixed rate ISAs
I am genuinely confused about what is and isn’t allowed, and it’s only just clicked that I may be doing something that is against the rules (or not). Do fixed rate ISAs have the same status as an easy access cash ISA in the eyes of the tax man? I opened up a 1 year fixed at the start of this tax year and put in a…
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Best savings account to have
Hello, Firstly sorry if this is in the wrong forum. But I am looking for the best savings account on the market. I`m a first time home buyer with not nearly enough savings so looking to save. I will be buying on my own and my current bank is with Lloyds if that helps. If theres anymore information you would like to hand…
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Interest paid on Anniversary of opening account - which tax year does it fall into?
Hi, if I was to open a savings account, that pays interest on the anniversary, today, and keep it open for 12 months will I have to pay tax on the interest for tax year 2025/26 or will some of the interest fall into this tax year (even though it hasn't been paid into my account) ? Was thinking about the Coventry 5 Access…
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Isa Transfer
Hi I am completely confused as to Isa rules.I have put money into my first flexible cash Isa this year and recently withdrew the full amount to deposit into another flexible Isa with a better interest rate. I did not use the transfer method but my new provider has told me that because they are both flexible it is allowed.…
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a good saving account with min withdrawll pen
Hi am looking for the above as need good intrest and not have heavy pentlies for withdrwal in case of emergency
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