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Restructuring Finances Following Redundancy
Hi All, I just came through a difficult redundancy after many years with the same firm. I am fortunate to own my home with no mortgage and all debts are cleared. I am also very fortunate to have another job lined up at a slightly increased salary. I am 42 and my pension pot sits at circa £140k. I want to finally sort out…
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Complicated one involving Junior Cash Isa
I am looking for help with this because I keep hitting brick walls and I'm hoping somebody knows the answer. My initial question is this: If I have no ID except my birth certificate and my NI letter (I have not been in work or claiming benefits), can the bank refuse to allow me to activate my Junior Cash Isa? I am 20 now…
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Picking a world tracking ETF
Looking at - UBS core MSCI world UCITS ETF USD ACC It has an ongoing charge of 0.06% which is about half the price of other well known all world trackers. Is there anything to be wary of down the line with this?
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Gilt coupon income - report to HMRC without SA?
Quick question, apologies if this has been asked before. I currently don't perform self-assessment, for savings accounts just relying on the banks to report interest to HMRC for tax collected when above the PSA (which I will exceed). They've been doing this accurately and I do have a personal tax account. If I held a…
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Photo id for ISA mandatory?
Having an argument with Nat West and they've made the following statement: "For certain regulated products, including ISAs, a valid photo ID is mandatory under UK financial regulations and anti-
money laundering laws. While alternative documents such as a birth certificate, utility bill, or paper driving licence can…
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Which fund to use a wrapper ?
Previously I was hoping to put some of my spare cash in ILG or gilts but the situation has changed. I am reviewing how to use my cash which is split into two main pots, a cash and a cash ISA. I am trying to decide when to use what and for which fund to minimise tax. I hope not to access these funds for the next ten years,…
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just seen that you have mentioned a Halifax regular saver account which pay 8% interest.
How will it work as I believe that Lloyds are taking over the Halifax accounts. Will this be for savings accounts as well as current accounts?
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Only able to open 1x8% RS..?
Long story short…opened BOS got acc no's for CA…opened Lloyds RS straight after …got acc details…funded their RS…got log in details today for BOS online …can't see option to open up "BOS" RS…chatbot saying only allowed 1 per acc..!! SORTED..!!! Gives you the option through their "app"…immediately… doesn't online only….
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What to do with my money?
Hi all. Prob an age old question but . . . I recently moved house and into something more than adequate for my needs, where me and the wife will be happy to see our lives out - both mid 70's. This has left me with a few 100Ks to invest wherever I can (horrible task) but that is not the concern. Due to a mental breakdown…
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Gilts held offshore and CGT
A good friend of mine with a French brokerage account (but resident and tax-resident in the UK only) wants to buy gilts and keep them in her offshore account. The idea is to buy low interest gilts and to hold them to maturity. So I've asked an AI whether gilts held offshore enjoy the same CGT exemption as gilts held here…
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Hydrogen Capital Growth
They have been delisted, but my last message from HL states "The details of the return of capital have not yet been confirmed by the company." Shareholders who own private shares and wish to trade can do so via a Matched Bargain Facility, which is what Google came up with. I have no idea how much I own; my original…
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79th Group investment
Looking to see if anyone has had any success, or positive progress, in recovering their investment, following the collapse of the 79th Group?
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What would you do?
Would you move money from a flexible ISA into a taxable account or take pension drawdown to fill a void in your tax free allowance. My partner and I are both non tax payers and retired. I draw a private pension but am not yet of state pension age. My partner doesn't draw their pension and is also not of state pension age.…
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NS&I Index Linked Savings Certificates Maturing - Options
Mine are maturing shortly and I don't think I'll be renewing. I've just looked on the NS&I website at maturity options and it seems the only way to not renew is to "cash in" which is literally cash to your bank. Is there really no option to transfer directly to an NS&I Direct Saver or Premium Bonds? I find it hard to…
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CSH2: taxation and performance
I have feeling this could open issues such as excess reportable income which I don't (yet) understand, but are CSH2 gains taxed as interest or capital gain?
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The most unnecessary laborious existing customer Coop Regular Saver application possible
I’ve been with Coop for years. Yet after my Regular Saver matured I applied for a new one while logged in and they made me fill in all details as if I was a newbie. Even then it’s not enough. They have to review the application before granting the opening of the account. They need to up their it game. Had a false start…
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Moving some of the more volatile stuff
A good while ago we had a GIA portfolio (actually two, but they can be treated as one) with a roughly 50/50 mix of gilts and stocks/ETFs (mostly some good dividend titles and the usual Vanguard VLS40…80). Nowadays it's more like 40/60 (gilts/stocks) because the stocks/ETFs have had significant gains. Additionally, we're a…
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Capital Gains Tax on Shares outside an ISA - Purchase price unknown
With saved cash and voluntary redundancy money, I bought two or three certificates in an investment trust years ago, probably for £10,000 each or suchlike transferred them into x-o.co.uk but never kept a record of what I paid for them, as I thought the whole point of investing was to tuck them away and forget about it..…
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35 year investment for early retirement?
Any flaws with this idea? I'm wanting to help give my 19yr son the option of retiring earlier than the private pension age (currently 57 for him) or state pension age, by investing some money for him in his name - we'll do it together. I'll soon be retiring myself at age 55 and I'd like him to have the same option. Topping…
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NS&I website login problems with telephone code
Anyone else had this problem? Entering an on-screen six digit code via telephone is the second part of the two-factor authentication process to log into NS&I accounts. It's the part that usually goes wrong and prevents me from logging in. This issue has plagued me for months and has never worked consistently. There's no…
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