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Zopa boosted pot question
I recently opened a Zopa Smart Saver and split my money between Primary, 7 day and 31 day pots. I gave notice on the 7 and 31 day pots and after 7 days moved the 7 day money into the 31 day pot. The 31 day pot appears to say that I can access the new balance on the original date. Does this mean that any money I transfer…
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Best approach to low risk high return savings from inheritance
I am about to inherit around £50,000, which for me is an enormous sum - many times more than my personal savings (which have never been more than £10,000). I pay a mortgage at 1.78% but this is up for renewal in February with a likely fixed rate of around 4% I think? Anyway, I'd appreciate any suggestions about the options…
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Child savings account - fixed rate bond
Hi, Looking for some advice. I've been looking at fixed rate bonds for my kids (Best Children’s Savings Accounts | Compare Junior Savings (moneyfactscompare.co.uk)) but after trying several of the best rates I've found that they either don't do children's accounts online (and don't have branches near me) or they do them…
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Change of nominated Account
Recently I closed my current account with a bank and moved to Nationwide Building Society using Switch service. I have been able to change my nominated bank account with several savings banks but I cannot do so with Smartsave. I have approached them but their system is all online so cannot help. Any thoughts on this?
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USA Election - any rebalancing in your investing.
A Trump win looks likely to me. In light of this I am looking at my US investments. Is anyone else doing the same; and what are your thoughts going forwards?
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Investment help please
Hi I know the main advice would be to see an IFA but due to the circumstances my head is all over the place I’m due to receive a large amount of money from a death in service payment , a large 7 figure sum - I obviously want to keep it safe I am 55 , not working , 3 adult children in uni , small pension that’s not been…
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Overseas Property investment losses due to investing with Movewithus
I have lost money investing in overseas property with Movewithus in 2006 & 2007. I'm trying to find people who have invested in overseas property that have lost money and have either successfully or unsuccessfully claimed for losses from Movewithus. Thx Martin
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Paying into an NS&I Direct Saver account
Having done a thorough search yet not having found an explanation, I thought I would post my question here in the hope of someone knowing the answer. On their website, NS&I state that all deposits into your Direct Saver account 'must be from a UK bank account in your own name'. If a solicitor has an amount for transfer…
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16 year old wants to invest
Hello, my son is 16 and has his first job. He js interested in investing some of his wages and I want to encourage this. Due to his age I am not sure what product is best for him. I couId open a Junior ISA but he only wants to invest periodically rather than a set amount each month. He wants to be able to transfer money…
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Medium Risk
I currently have my savings in a low/no risk 30 day notice account paying approx 5% interest. My question is if I decide to take a little more risk what options are there? I'm presuming stocks and shares but I have no idea where to start and I'm just hoping for a little advice on what investment opportunities may be out…
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Putting a trust on parents bungalow
Hi, not sure if this is the right category, I apologise if it isn’t. My father was to put his bungalow in a trust fund for me so that the government get less. I don’t think he knows how it all works and nor do I but apparently if you have to go in a home and own a house or have savings that will go towards costs and would…
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Gold mining basket companies on LSE
Greeting MSEs So I am interested in Gold mining companies that trade on the London Stock Exchange (especially as a group of them or commonly know as a "baskets"). I am interested in them because I would like to see how stable the share price have been say over the last 100 years compared to gold its self and to see what…
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Missing Income Payments from Income Funds.
Hi, I've really struggled to find an answer to this, so hopefully someone here might know. I have an AJ Bell S&S ISA, and the money is invested in various income generating funds. Some are monthly dividends, others quarterly. I invested back in June. All but 2 of my funds have paid out some income thus far. The ones that…
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Moved: Current account switcheroo
This discussion has been moved.
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SAYE Share Transfer to ISA
I am in the process of shifting my matured SAYE shares into an AJBell ISA. The shares are worth more than £20k, and AJBell have advised that they will move all shares into a dealing account, and then transfer the maximum amount of shares (up to £20k) into the ISA, and leave the remaining shares in the dealing account. They…
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Best rate
I think I’m correct in that 4.76% in an ISA is better than 5.1% and paying basic rate tax. Unless it’s not as simple as I think, ie that I’d end up with .8 x 5.1 after tax. Thanks
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HSBC 7% Regular Saver
For anyone not following the highly entertaining Regular Saver thread (I know, I need to get out more...) HSBC have just upped their Regular Saver rate to 7% on £250 Enjoy!
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How to think about taking profits from investment?
Hi I'm getting muddled in my own head about how to take profits Lets say I have two investment ISAs. Both £1000 pots. One invested FTSE100, the other S&P 500. Both funds grow 5%, so a total of £100 profit. If I want to take that £100 profit, does it make a difference whether I: A) take £50 from each pot, leaving them both…
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Investment of lump sum from a will for child up to age 21
My 12 year old daughter is due to receive the amount of £20,000 upon reaching the age of 21 under the terms of my mother's will. My mother recently passed away. Please can someone recommend the best investment alternatives to negate the effects of future inflation. The executor of the will is precluding any investment in…
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Savings interest and premium bonds account.
I have a bank account that will pay me a fixed interest amount at the end of a fixed one year term. I should pay 20 percent interest from the amount to HMRC. My question is if my nominated bank for my interest is a premium bond account Would I still be liable for paying 20 percent as a premium bond account doesn't pay tax.
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