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£5000 starting rate for savings
HMRC have told me that this £5000 allowance does not apply to interest on savings accounts, just on capital gains etc. is this correct? My understanding was that, being on a low income I can earn £5000 interest on my bank/building society savings before I pay tax. Please help!
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Is it easy to rationalise and transfer Pensions from Aegon ARC ...do I need an IFA?
Hello All, I'm finally at the point, following a long drawn out sale of late fathers property, where I'm needing to review and sort out family finances. Long story short. 58yrs old Zero Mortgage Early retired (carer for better half who has terminal condition) Living from rental property income, PIP, carers allowance etc..…
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Local coin swap
I was contacted by someone from Learnspread about investing. They apparently recruit for Localcoinswap. It is a £250 initial investment, which is converted to Euros I believe. I was going into hospital next day so declined and said I would wait until my discharge. I have a call arranged next Monday to discuss matters. Has…
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Savings with Aldermore bank
Hi all I had money left over from my latest wife's estate and with no current need for it I approached Aldermore bank and deposited in a fixed rate 9 month saver which expires February 2025. I have however hit a financial hiccup in my life at the moment so I could do with the cash right now. I have approached Aldermore…
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Bristol & West winding up. Legacy demutualisation shares?
Any share-savvy people here? I've received tiny dividend amounts on a regular basis since it demutualised and thought this would continue for ever and a day. However, just received an inch-thick wadge of mail which, cut short, seems to say that this company is being wound up. Does anyone know what's actually going on here?…
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Qualifying corporate bonds
Came across this when I was looking at gilts and tax friendly investment. But I am not able to find anything online. Was hoping for a list or some easier to understand language than the HMRC manual or its direct citation. Where should I be looking? Or do they exist at all? Thank you
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Where can I invest £4,000
Hi All, can you suggest where I can invest 4K please? What’s the best way in the current climate to invest this? Don’t usually have this much cash to invest somewhere so need to be wise.
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Tallymoney
A family member is thinking of opening an account and investing in Tallymoney. I am not sure if you are allowed to post links to financial products on here, but a Google search brings up numerous links. It looks like a good and genuine alternative to fiat currency, so I would appreciate any comments or if anyone has had…
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Company SAYE share scheme maturing
Hi All, new to the forum so take it easy please :# I have a company share scheme which matures next year. I believe it is a PAYE scheme that allowed me to lock in a share price at the start of the 5 year term and then buy them at that price when it matures. The share price has doubled and fingers crossed it stays this way…
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Investing £5k - sharia compliant - ideas?
I have £5k available (after keeping some money aside for emergencies) that I'd like to invest. I am specifically looking for halal/sharia compliant investments. I used to use Wahed Invest but withdrew after some bad experiences with them, and am looking for an alternative. I see companies like AJ Bell have Sharia compliant…
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Savings Interest
This probably has been asked many times but here goes. As the banks etc. I save with have now reported the interest I have earned for 23/24, HMRC have advised I need to pay tax of £1269.00 by end of January 25 or I can simply have it collected via PAYE from April 25 to March 26. Using this information they have estimated…
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Chip App upgrade
Since the. Chip App only works on iOS 16 now and my IPhone is a 7, I can’t now access my money. No warning about this issue was given. They have effectively stolen my money. It is not financially viable spending £100s on a phone upgrade. I want my money back 🤬Update - Chip told me to delete and reload App - this gave a…
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Breaching £1000 interest in 24/25 - best course of action to minimise tax
Hi all, Long time reader, infrequent poster, hope you can help with my situation. Due to substantial stoozing pots in fixes maturing in the summer, regular savers maturing around the same time in Sept and Nov and getting up to £5k balance in each of RBS and Natwest Regular savers I recently realised that I will earn over…
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Opening accounts
It seems to be impossible these days to open a financial
account without a mobile, so it looks as though I’m going to have to bite the
bullet. I have a mobile but have never needed the phone function. Since
I am only going to use it to receive texts from banks etc, what is the absolute
cheapest way to achieve this.
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Makig Large Transfers from an N, S and I savings account to Purchase a Property in Spain
We need to make a large transfer of money from our N, S and I Direct Saver in the UK to pay by international transfer to pay for a property in Spain. I note that N, S and I do allow International Transfers as long as you register with them for this account. What I need to know is, is it best to transfer from them to the…
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Asking them how to save money?
Hi folks, Please tell me some tricks to save money :#
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Nottingham Building Society - new logo and branding
Hoping this means they'll be launching a couple of half decent products rather than just paying for some buzz word bingo makeover about a 'fresh new look' that most of us don't care about. We’re so excited to introduce Nottingham Building Society’s fresh new look, reflecting our commitment to inclusivity, progress, and…
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Why is N,S & I Savings Bank Customer Service so bad???
We opened an account with them in the UK and then moved to Spain and wanted to move money to Currencies Direct to pay for a house. Well firstly I had lost my password and so because I had also changed my telephone no. it asked me to firstly ring and change my password by phone. They ran through all the usual security…
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NatWest >1 payee with same bank sort code and a/c number issue
My partner now has an EA and an EA ISA with Charter. She uses the NatWest app and wants to have two payees, one for each product. Charter bank with Barclays so both payees will have the same sort code and account number, Charter then differentiate using the reference field which contains your Charter account number. Nat…
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Withdrawing from notice saving account
Hello,I've got a saving account and we had an email a few days ago recently regarding the interest rate reduction, the interest rate paid on my account will be reduced with effect from 16th December 2024.
Am I allowed to close the account and withdraw the full amount including the interest earned until now or do I still…
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