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Transferring Shares to my Spouse
It seems sensible to transfer some of my shares to my spouse so we can sell them and each receive our own CGT allowance. My question is about how to transfer them. They are current held by Morgan Stanley in the US, they trade on the NYSE. Do I need to actually need to 'transfer' the shares anywhere or can I just document…
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CGT on shares.
So I'm having a little trouble working out profits on shares I've sold from 2 companies. The original purchase date was back in the 90s for one. Over the years the shares have changed so the original 200 shares turned into 126. I think they were reissued for whatever reason But how do I work out what price I got them for?…
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Coventry BS 5/6/8 Access Saver
Just opened the Coventry BS app up and it lists a 5 Access Saver Online Monthly, I'm trying to work out what the account was before, any ideas?🤔 Could it be a Triple Access account? 🤔, that's the only thing I can think of, website doesn't seem to help on closed accounts page just says simplifying savings programme, account…
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Money Market funds - Risks
Hello, In the recent times some of the money market funds attracted significant inflows. See,- Royal London Short Term Money Market Y Acc- Lyxor Smart Overnight Return - UCITS ETF C-GBP With billions of assets under management what risks can arise? I do realise money market funds carry the lowest risk but is not risk free.…
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Can customers influence how companies handle their complaints?
Hi All, Recently I had to raise several complaints with my 2 financial brokers. Things like delayed ISA transfers, errors during transfers, violations of special offers' T&Cs etc. Each have their own way of handling complaints but they all make it hard to make a complaint and keep track of it. Here's some examples. 1. One…
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Are there any regions that aren't doom-laden investments?
While musing a reply to another thread, I was thinking about regional investments, but it seems like just about every major region has a good reason not to invest currently: US - very high valuationsJapan - susceptible to china woes, governance, tariff vulnerability?Europe - geo-political turmoil, tariff vulnerabilityUK -…
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Sons inheritance where best to earn money
Hi my son received £25,000 from my mother when she died nearly 7 years ago I put in an investment account it is now £26418 (it did go to £30,000 and dropped to £22,000 at one stage) which I feel is quite poor return. As he is nearly 17 I wanted to put in a more secure location ready for him to use for a deposit on a house…
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Selling shares and capital gains tax
Hi to anyone reading this and thank you for taking the time to do so. I'm after some guidance regarding my holding of certificated shares that I would now like to sell. The shares have been acquired over the last fifteen years or so through transfers, purchases and dividend reinvesting. For this reason I do not have the…
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Premium Bond Calculator On Moneysavingexpert - Is there an error?
The link is below: https://www.moneysavingexpert.com/savings/premium-bonds-calculator/ When it was comparing winnings to a saving account using 50k at 4.85% at Basic Rate Tax it gives a return value £2140. But 50,000 x 4.85% = £2425 Therefore 80% of £2425 = £1940 Is my maths flawed?
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What platform to buy crypto currencies through?
Hi all, Im looking to have a play with cryto currencies. Nothing serious, just a bit of play money. Im looking for a decent platform to buy through. (reliable, cheap trading, hopefully not going to go bust overnight). Can anyone recommend any? Do they usually charge a commission, or a dealing charge? Perhaps theres a fund…
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Savings for Twins
My wife and I have been saving for our twin boys since they were born and they have almost £30k each in savings. We've not been happy with the interest they have been getting over the years and would like to move the money somewhere else where it may earn more than it is at current. Can anyone recommend the best way to do…
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Newbie advise for Life Assurance / Death in Service Trust accounts for child beneficiaries
Hi There My sister died very suddennly in Early December working full-time. She was divorced with 2 young children under 11, who are her sole beneficiaries. I am an executor of her will, along with our brother. Their father is not on the scene. Her employers offered a Life Assurance / Death in Service policy which they are…
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Blockchain Funds UK
I tried searching the forum for this and only found a partially relevant thread in the pensions category, I responded but there wasn't much uptake. Perhaps those invested may see it here? So, how many of you are invested in blockchain ETFs? I've a high tolerance to risk (easy come easy go, in for a penny in for a pound...)…
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Almost nobody in my workplace invests in the stock market for their retirement, it's insane.
I work in a slightly below average pay job and I've probably spoken to about 20 out of the 30 colleagues about investing, just to gauge how common it is among "regular" people. And literally not one person I spoke to said they invest in the stock market, even when I asked about the workplace pension, about half of them…
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Premium Bonds for Second Child
Morning, Our first child was kindly gifted money into premium bonds, and we have invested other money in stocks. Our second child has also received money to invest in stocks but not in premium bonds. There is quite a difference in total amounts for both children. We don't expect the second child to be gifted the same so…
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Savings interest > £10,000
I’ve been working out roughly what my total taxable interest for 2024-25 will be, and surprisingly I think it might be over £10K. Last year it was about £6K but I must have had more accounts maturing this year that pay interest annually. Anyway, I’m aware that I will need to start completing a tax return. I don’t really…
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Freetrade bought by IG Group, £160m
Freetrade's being bought by IG Group for £160m. IG is a FTSE250 company. I don't know much about IG but it should allay people's fears regarding Freetrade's financial stability. Estimated completion is mid-2025.…
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Sanity check this gilt purchase
I have bought individual gilts before but only within an AJ Bell SIPP. Basically am looking for somewhere to park some savings cash. Currently maxed out ISA contributions and am a higher rate taxpayer who's already above the £500 interest mark so am intending to purchase an individual gilt to minimise the tax liability but…
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HMRC nudge letter over Isle of Man offshore bond – discrepancy between declared gain and “balance”
Hello! I’d like some help understanding a mismatch between what I reported to HMRC and information HMRC says they’ve received regarding an offshore bond. Recently, I received a “nudge letter” from HMRC, and I have not yet formally responded to it (other than to confirm details and request an extension). Any insights or…
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Confusion regarding PSA and Personal Tax free allowance reduction
Hi All, I have some confusion regarding the Personal Savings
Allowance (PSA), total taxable income and personal tax free allowance. Is the PSA taken into account to
calculate the total taxable income? Also, does the PSA reduce the personal tax
free allowance? I’ll use an example here to illustrate my questions. Let’s say…
Have a savings question you're keen to discuss? Here is where posts around ISAs and tax-free savings live.
21.3K discussions
160.9K comments
Most recent: Maturing cash ISA transfer help! by masonic
22 November at 11:30PM
