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Tax efficient way to convert share certificate to cash
If one is due a share certificate (ex-employee ShareSave shares) and would like to have as much value accessible as cash (because Life) while being tax efficient, what is the best way of navigating the sale, CGT and other such pitfalls?
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ATOM BANK - VERIFICATION PROBLEMS
Folks, I've got six bank accounts all of which I've had to verify my identity etc. and without any issues, applied to Atom bank and they can't verify me?? They use a company called credit karma, I logged on and I'm all ok there? Atom can't say why there is a problem and are investigating. Anyone else experiencing this?
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The 4% rule
My
understanding of the 4% rule is that an inflation adjusted 4% withdrawal each year should – with
a 60/40 equity/bond portfolio? – last 30 years. Is that correct? Does anyone know of an open source spreadsheet where you can enter different rates of investment return/inflation/withdrawals to test scenarios?
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Child trust fund
Hello, I couldn't find a specific category to choose from, but I need some advice if any is available. My nephew turned 18 a month ago, and it turns out that his stepmother has been opening his mail and has accessed his Child Trust Fund. She has requested that the funds be paid out, but not into his account, and he was…
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Trust Accounts UK
Hi any recommendations on Trust accounts that pay a reasonable rate of interest? Metro bank looks ok process wise but interest is only 0.10 percent. thanks
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Vanguard Index / EFT fund and transferring Cash ISA in process
Hi all, After
reading, watching YouTube videos, asking questions on here and more reading I
am looking to make the steps to change my ISA setup. Currently I have a cash ISA
with the post office as they previously had a good rate. I now wish to transfer
my cash ISA into stocks and shares ISA. I know this comes with risk…
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Buying premium bonds for an adult
NS&I have just bounced my application to buy premium bonds for someone as a gift. I thought they might, but it seems odd that I can instantly transfer money to their bank account but can't buy them this savings product. I wanted it to be a surprise gift. Does anyone know why this is?
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Where to put £30k for a few months?
I have recently come into a sum of money that I plan to use as a deposit for my own place which is something I never thought I would be able to do, but here we are! This will take a little while and I have a lot going on just now, so I plan to only start looking into this in the new year when I have a little more time and…
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Cancelling pensions advisor
Hello, I recently signed up with a pensions and financial advisor but then changed my mind before I moved any money across to them to manage. They are now saying that they will need payment for the time which they spent with me and for any admin carried out on my behalf. I’m wondering whether I am obliged to pay their fees…
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To save or not to save that is the question.
I am a complete money muppet so, please help me! I’ve sold my house and in a12 month rental contract to give me time to have a look around. I have found a fixer upper really quickly and just appointed a solicitor. There is a problem with getting sitting tenants out and my solicitor has advised me to hold off until that is…
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Bed & ISA prevents CGT ?
Just watched this YouTube video https://youtu.be/eKQs3KVfaL0 unless I misunderstood the guy, I think he was suggesting that if you sold shares in a GIA and bought the exact same type back in an ISA within 30 days, then gains that would normally attract CGT would be avoided.. this is not what I’d previously understood but…
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Have any SIPP/ISA Platforms Gone Bust - if so what happened
Hi,I was wondering about safety of funds and investments help in some the various platforms. As I understand it these are protected only up to the £85K limit, but I'm not sure whether that applies to the account on the platform, or to underlying assets or what. £85K is high for an ISA but not for a pension which would…
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historic shareprice for cgt
i purchased primar-e plc shares on 25/01/2000 but i dont know the purchase price, they went bust many years ago under name of glow communications plc but now i want to offset this loss against this years cgt gain , how do i find the purchase price please
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Help with inheritance investment strategy please
Hi, to cut a long story short, my mother recently died. I want to make sure I am dealing with the finances as 'correctly' as possible, to make the most out of what I have inherited. Her finances were spread across lots of different pots of money: half in a SIPP, half in other places (cash ISA, premium bonds, NHS pension…
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Court Rules that London Capital and Finance (LCF) was a Ponzi Scam
I've not seen any mention of this verdict on the forum. I know the previous post was deleted because the case was ongoing but as the judgement has now been made I assume it is ok to post. I think many of us will feel vindicated that what we thought 8 years ago and warned those asking questions here has now been proved…
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Temporary high balance - would lump sum settlement from insurers count?
Hi all, Hope this is the right place to post this rather than the insurance forum. I've accepted a lump sum settlement from my income protection insurers and trying to work out where to put the money temporarily. Am I right in thinking the FSCS would cover it as they list "benefits payable under an insurance policy" as an…
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UK 3 month & 6 Month Zero coupon Treasury bills - closes with HL 28 November
Received email from HL yesterday of two new Treasury T bills maturing March and June next year. Expecting when the discounted price is struck, the yield to maturity of the 3 month bond may be in the region of 4.4 to 4.5% so invested in that expectation. For those seeking safe short duration fixed returns for their…
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Taxation details for long term Sharia compliant fixed rate bonds
When would profit be potentially taxed for the 4.6% 3 year fixed Al Rayan bond? Is it every year or all at the end of the 3 years? The bond states that profit is credited annually but the profit pay-out is at maturity. Obviously it would be beneficial if it was the former.
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Money stuck in Binance, UK. Too scared to withdraw it.
Hi there, As the title says, I used to use Binance to mess around with cryptocurrency during lockdown as I was bored. Roll on a few years, and I could do with the money that is in my Binance but withdrawals are not supported from it to UK banks. So apparently I have to start a wallet somewhere else, then change the crypto…
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best bank account or money saving..premium bonds?
UK based . Interested to hear from those that know, a few quid from house sale, minus debts and relationships, renting on the cards. Not a jolly outlook, however, the pennies left would like to put monies into a bank account , would have to dip into it so nothing tied up. Just like to know thoughts, a decent bank account/…
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