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Prudential Prudence bond
Hi, my dad invested 5k in a Prudence bond over 20 years ago and has not touched it. It has done very well and he has now withdrawn it. Can someone tell me, if he will be taxed on it? He is basic rate pensioner. Please see attached document from Prudential.
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Confused about daily interest and compound interest
Researching savings accounts and it seemed to me that by far the best option is interest paid daily as it would compound. This can't be true or else why would anyone take interest paid monthly or yearly? My understanding of an interest paid daily account is that if you start off with £100 and the interest rate is 5% the…
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Pension lump sum
Hi I’m new here so hopefully this question is in the correct forum page I’m retiring in April this year at 63. I want to use my 40k lump sum to top up my pension till I get state pension by taking a monthly amount out of it. what would be best way to get a completely safe and efficient way of getting some interest out of…
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Plum ISA Users
The message in November 2024 from Plum saying Cash ISA interest would not be credited until the end of the following month means, as I understand it, that it is not possible to close or transfer the ISA without losing a minimum of a month's interest. This makes the attractive annual interest rate (with bonus) much less…
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10 Year Goal Putting Away £1000 Per Month
Hi all, We are a family with a young child and both are in our early 50's Currently in a shared ownership property and own outright 25% = £160,000 with rent per month = £1,100 which rises around £50 per year. We have £1000 per month that we can put 'somewhere' for 10 years with a possible £20,000 lump sum to kick it off…
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NS&I Direct Saver
I've opened an account (4/4/24) and am finding it impossible to log in. I'm due to have an inheritance and thought an NS&I account would be a good idea. I'm looking for opinions on NS&I and login issues. It seems crazy that in this day and age that I can't even log into the account - or is it just me? Thanks in advance M
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Bonds & Savings Platforms for an American national, British resident
Can anyone provide a quick answer to which platforms such as HL, Raisin, etc. allow USA nationals, British residents (with an NI number) to open new bonds via their platforms? I am struggling to find any for my wife who has lived in the UK for thirty plus years! Many thanks for any help offered.
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Homeserve and Severn Trent Water
I had a letter from Severn Trent promoting Homeserve's plumbing and drainage insurance. If I take out this offer and I have a plumbing emergency which needs Severn Trent to do something before the Homeserve plumber can do his/her job (eg turning off an external stop tap) would Severn Trent respond more quickly and easily…
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Opening new/keeping accounts when living abroad
Hi, I used to live in the UK for many years until I decided to move to Spain a couple of years ago. I have kept a few UK accounts (easy savings, notice accounts and stocks) but most of them are no longer very interesting for my savings. Besides, I still earn my salary in GBP and most of my money is in the UK. I am…
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Save for retirement
Hi Everyone I recently came into an inheritance and have managed to pay off my mortgage 11 years early and now I am thinking about my retirement. I am currently 52 years young and would like to be able to retire well before the current 67 years old and I was wondering what would be best to earn enough money to retire…
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CGT on Investment Funds (it's that time of year)
I have a Hargreaves Lansdown account and over the years have been transfering £20k a year into an ISA. Now the CGT allowances have been slashed I am having to do far more calculations each year when submitting my self assessment. Last year i just used the current price of the unit at time of sale when working out my gain…
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Sorting savings for son turning 18
After general advice thoughts and musings on setting up savings for my son who turns 18 this week. He is currently doing a levels and will likely go uni. Our intention is to fund his uni through him getting the standard loans and us supporting with day-to-day expenses so none of his savings are intended for uni At the…
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Reduce tax paid by putting to pension
Hi guys Asking for a friend - they are a higher tax payer - circa £90k pa. Is there a type of pension that they could pay the maximum into - that will reduce the tax on their pay packet, and not affect the take home pay too much? Ie - pay £2k a month into a pension and pay £2k a month less in tax? Thanks in advance
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move funds from trading account to sipp, or wait until ISA allowance renewal date
Bogged down with choices from inheritance investments etc.I inhearited funds and topped up my wife and my ISA. i still have £45k with HL in a trading account, £40k in savings between both our names.And £20k in a AJ bell trading account, both have ISA accounts and I have a sipp, few 100k between my sipp and ISA. and 1…
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Urgent help needed - investing in a private (unlisted company)
Asking for a friend who has been given the opportunity to make an equity investment in their employer - it's a large-ish company with a number of real offices in the UK, accounts up to date etc... but it's not publicly listed. So immediately high risk just on the basis of liquidity alone, but is there any specific process…
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What to do with my money? Please help!
Hi all, As the title says really, I have some money saved up and I am unsure as to what to do with it. I am 28, live alone and have achieved this with no help from family etc by working hard and struggling along the way. I have a mortgage with £48,500 left on it. I am overpaying the maximum I can on this but avoiding the…
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US Shares
I need help please, I have a some company shares held by Morgan Stanley, the shares are in the US, I'm a UK employee and I'd like to know how to cash them in, Morgan Stanley require a UK Brokerage account. Can anyone advise why this is required? about 14 years ago i had some shares and when I cashed them in they sent me a…
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Standing Order - Cancelling?
When should (can) I cancel a Standing Order? I have an SO for Nationwide Monthly Flex Regular Saver Issue 2 savings account, one year. I have been trying to get my savings in order and preparing for this years savings. My last £200 (1st of the month) has been taken from the current SO and the account matures on 31st…
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New money, the future
Hi I was after some help/advice if at all possible. This year will be the first year that my family has what I'd call a substantial amount of disposable income. We're looking at around having £4,000 after all bills and outgoings a month, the question I have is what would be the best/smartest thing to do with this money…
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Significant amount from property sale - what to do with the money
Hi Genuinely asking for a friend, a relative in fact. He has sold a property abroad and is dealing with all the Capital gains tax implications in that country. Also transferring the money at the best Xg rate. He is a single father, on a low income, home owner mortgage-free, no savings, no pension, no other investments, one…
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