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£300k difference in SIPP forecast...can someone please help me understand
Hi I have a junior sipp for my 4 year old which has currently got £5,115 in it and I make regular £100 deposits per month. HL (attached and also https://www.hl.co.uk/pensions/junior-sipp/junior-sipp-calculator) says it'll be worth about £150k when he is 65 but other calcs say vastly over that using the same numbers.…
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2024 Budget - ISAs, JISAs, CTFs, Help To Save, Starting Rate for Savings
Some good news for those entitled to Help To Save, and some mixed ISA news. Could have been worse, I think.
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Working Out Interest On Taxable Savings Each Financial Year
Say I have a savings account £10k fixed at 5% for 2 years , with interest paid 7th April 23 and 7th April 24 (date of maturity). The terms and conditions of my savings account allows me access to my savings but I'd have to pay a penalty of 180 days loss of interest on any amount taken out. Example Interest for financial…
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It's days like these...
....when being in globally diversified funds all makes sense, especially the 4% UK allocation.... Though not sure it will be so relaxing next week...
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Zopa changing t&c’s
FYI received an email from Zopa regarding a change in their pots and interest rates.
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Paragon via Raisin £50 cashback + £50 referral?
Hello, I understand I can get £50 cashback as explained here https://www.moneysavingexpert.com/content/mse/msecom/en-gb/content/overlay/raisin-savings-products/paragon-easy-access/ In addition to that, Raisin promises £50 to refer a friend (£50 for me and £50 for them). Is this the same offer or can I get £50 as cashback +…
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Inherited a small number of shares
Hi, My grandfather passed away a few years ago, and my mother inherited a small number of shares in various companies on the UK stock market. This was all done in Probate, and she has the share certificates for most of them, the others seem to be electronic. We are not talking a lot of money here, about 10 companies with…
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Do I move my small amount of savings?
I am now 63 and when I was in my 20's I started to pay in to a private pension with Standard Life but when the recession hit I stopped. Recently I found I had £53k sitting there! I took a tax free lump sum and now have c£42k there. It earns 1.5% interest. My question is, should I move the entire sum to NS&I or somewhere…
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HELP - Regular saving with lump sum and 1k monthly deposits
Morning all, im brand new here so I hope in in the right place. I am looking for the best place to save roughly 1,000 per month for 2 years or more, with the best interest rate either regular saver or ISA. I looked at various places online but many offer deals over 5 or 6% with a 400 cap per month. I don't want to manage 3…
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Cahoot saving ac deal ending early
Cahoot have sent me a digital letter that my interest rate which was supposed to be 5% for 12 months -- and was advertised here on MSE -- is reaching maturity and will reduce to 1% in December. I only opened it in April. Pretty sure they sting you for charges if you contact them, so don't think I'll be doing that. Bit of a…
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Looking to find information on lost unit trusts
Hi I’m looking for help to find unit trusts opened in 1987 via IBI FUND MANAGERS LTD which obviously no longer exists. I’ve been getting no where with banks, Gretel or lost accounts. Any help would be appreciated
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Difference between new and transferred ISA
I’m helping my Mum sort out her savings since my Dad died. He had £20k in his current account so she immediately opened a new ISA and put the £20k into it. She also has a long standing ISA with £30k in it on abysmal rate. Can she transfer this ISA to a better one in this tax year or has she already used up this year’s…
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MSE News: PCF Bank to leave the UK market – what it means for your savings and loans
PCF Bank has stopped offering personal savings accounts and loans to new customers, and plans to exit the UK banking market – but there's no immediate change for existing savers or borrowers. Read the full story: 'PCF Bank to leave the UK market – what it means for your savings and loans' If you haven’t already, join the…
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Help with disposing of shares
I inherited shares from my father over 20 years ago and considered them family money and done little with them. I do not really understand much about shares and investing. When recently talking with friends about them and at my stage of life selling them rather than burdening my children with them they said I should…
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closing a Halifax Regular Saver early
Quick question, if somebody has a Halifax Regular Saver and closes it early (after 10-11 months) would they still get the interest accrued until that point? Relevant bits of The Ts&Cs say: "Your interest is paid 12 months after you open the account." "You can't access your savings unless you’re closing the Regular Saver…
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Tax Deduction for Savings Interest
My fault, I should have read my tax coding but see I have been taxed for interest on savings. It's not a huge amount, but I really cannot believe I have received over £1,000 in savings interest. We have modest savings and a few shares about £10k in value for which we receive dividends. Does HMRC trawl every savings…
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Coventry BS app
Is it just me or is the Android app down?, mine hasn't been working the last day or so
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Saving advice
I had this years ISA maxed out at T212. I’ve had to pull out almost 8k to use towards a replacement car. I currently now have 12k in T212 ISA but I’ve also been saving in a Club Lloyds RS at £400pm now at 2k. Am I best keeping The RS going and close it just before the end of the tax year and transfer what’s will be 4k back…
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Investment & Saving
I am now a home owner and has such have pretty much wiped out my savings. The money I do have I pretty much have earmarked for renovations and I also have the next 3 months mortgage covered. Now I would like to begin setting aside some money each month to build a nest egg. Single man on £31,500 per year. What do you…
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Regular saver query
Hi, my daughter (23, still living at home and working full time, salary 28k) has a Lloyds regular saver maturing next week, and she says that she won't be opening another one as she can't afford a further £400 per month now that she has various other regular savers earning more (10.38%, 8% and 7%). She's going to move…
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