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Offshore bond inherited from father - questions about tax, gifting etc.
Hi, My dad died earlier this year and left his estate to me and my sister 50/50. We're both executors and have probate. His estate was below the IHT threshold (with spousal exemption with my mum who died a few years ago) and consists of his house which is about to be sold, some savings and a cash ISA. All quite…
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Shares in 90s Privatised Public Utilities etc
Going through my father’s paperwork after his recent passing and I’ve discovered a number of share certificates for the public services privatised by the Conservative government in the 1990s. There are certificates for BT, East Midlands, Scottish Power, Scottish Hydro and Eurotunnel among others. How do I discover if these…
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Investment Bonds
I have been left some investment bonds in a will. Managed through St James They have to be split 10 ways and the total value is about 270k. The financial adviser have advised not to encash the total amount, but to split the investment and allow the individuals to choose if they want to "cash in" or not. I need the money so…
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Reporting/Paying CGT on line
I recently went on line to use the HMRC online CGT
reporting/paying website I’m doing it for the wife who has 2 disposals to
report. We are not obliged to fill in an annual tax return. One disposal shouldn’t be a problem Unit trust bought on one
day disposed on another day. The second disposal is part of a s.104 holding of…
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CAMBRIDGE EXTRA REWARD MATURITY - Extra interest ?
y account matured today , new one opened as directed today and balance sent to my current account which probably won't arrive until tomorrow. However I notice my new RS had an extra 20p put in which I think must be extra interest earned for a day on the electronic payment sent today until I receive the balance tomorrow.
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OCF discrepancy
Could someone explain why the onmgoing charge for Schroder Asian Income is shown as 1.65% on the Schroder website when the KIID shows 0.82%?
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Tax Free Saving Allowance
Hi, recently retired and earning about £200 per month from a small private pension, no state pension for another 10 years. My question is can my remaining personal tax allowance (1257L) be used against saving interest? Thanks for reading 😃
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Kuflink IFISA - anyone doing it? Some doubts / clarity needed
I want to diversify and looking at kuflink They obviously have a very compelling article but don't seem to explain the details of the compounding / rolling interest when subbing to their deals www.kuflink.com/blog/if-isa-beginners-guide-to-earning-1m-interest-tax-free So my question is: - If I put X amount every year in a…
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The power of compounding
Most people know the power of compounding but I've come across a great demonstration of it. Take a look at the prices of the Accumulation and Income versions of this equity income fund. The Acc. fund grew by c.114% over five years while the Inc. fund grew c.64%. The difference is 50%, so you might think that translates…
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T35V Gilt
If I buy say £10k of this in my Sipp and hold until maturity, what will I have in October 2035? Is it as simple as £4750 in coupons + the £10k back, ignoring any interest on the saved coupons ?
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Capital losses (CVA) on Debenture held in Abundance Investments
I'd just like to run this past the helpful people here. I had a £10k investment (Debenture) in a uk plc, which had trouble during covid and spent a long while in administration and has now (July 2025) completed its Final distribution and Administration conclusion. I received a very small final consideration as part of the…
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Tax on income and savings
Hi all, Had a similar query in the past but getting closer/over the 40% tax boundary so become an issue now. I am currently a top of the band 7 in NHS paying into the NHS pension (10.7%) So I earn £54,710 p/a minus 10.7% so taxable income of around £48,856. I am due to earn around £1800 in savings interest (ISAs are maxed…
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ZOPA savings query
Hi ...I opened zopa account but only getting 3.25% interest and not the 4.75% as in most recent MSE email. I have lodged £500 to it. Have I done something wrong?
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Have you received Cynergy's notification of rate reductions
Cynergy have recently advised some savers that they are reducing the rates on issues 68 and 69 of their easy access accounts. Although some have received this email, others (myself and Mum included) have not. I have not seen a poll on this forum before so thought I'd give it a go.As Cynergy only have to notify you if the…
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Santander Edge 6.00% Saver
I have just received a secure message in my Santander online and app as follows. The interest rate on your Santander Edge Saver will go down to 3.50% AER /3.45% gross (variable) after the first 12 months on 5 January 2026. I know that the underlying rate of 4.00% is variable and that the bonus rate lasts for 12 months.…
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Standard Life shares
Hi all i I am trying to obtain copies of the Standard Life share consolidation details that were circulated by them in 2015. None of the links that pointed to them before on this website work anymore. does anyone know how I can get copies please?
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FCSC to increase to £110,000?
This was reported on by the BOE/ BBC and others this March, here : https://www.bankofengland.co.uk/news/2025/march/the-pra-proposes-raising-fscs-deposit-protection-limit www.bbc.co.uk/news/articles/c62z32pyegyo.amp To happen this December, although there seems no news about this since. Does anyone know if this is…
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General investment account gains
Having filled all the tax-exempt opportunities I can, I put some money in a general investment account. Does anyone know - what are my reporting obligations with this? I have no other income apart from the interest on my savings. The amount of interest, including any gains from the GIA, is below £10k. I think I read on the…
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Cost base on shares
Hi Could somebody let me know how to calculate the base cost of shares for CGT in the below example please. This in relation to a return of capital and share consolidation: Shares held prior to transaction - 1234 shares Value of S104 pool - £3,100 Return of capital - £903 Shares held after consolidation (11 for 9) - 1009…
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When to pay Tax with a 2 yr fixed saving account ?
I had a fixed saving account that started 2 years ago and matured in Oct 2025. HMRC is asking me to pay tax on it right now (tax year 24-25). Surely this is incorrect since the interests have only just matured ? It is impossible to report or even know what HMRC is using for savings interest without spending hours on the…
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