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Cahoot 'Simple Saver'
The account may be called ‘Cahoot Simple Saver’ but I found the application
process far from simple. First I found that if you are an existing Cahoot customer (I
have a Sunny Day Saver account) you cannot apply for another account after
logging in. You have to log out and apply as a new customer. The application process…
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Interest on sole accounts that become joint accounts (and vice-versa)
My partner and I have various savings accounts. Some in sole names, some in joint names. We recently changed a sole account (my partner's) into a joint account. How is the interest allocated between us for tax purposes? 1. The interest up to the date of changing the account is all in my partner's name, but then becomes…
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Higher tax band - NHS worker
I've moved into the NHS in the past couple of years and top of band 7, soon to be earning £52,800 a year which will push me into the 40% tax bracket. This means my PSA will drop to £500 and I'll be taxed 40% on all the interest I earn after that. I'm currently projected to earn over £1100 in interest this financial year.…
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How best to avoid tax on investment gains outside of an ISA
I’m after some advice for a close friend, who’s life has changed over the last year. Here’s their situation. 55 years old. made redundant just before Christmas (minimal pay off, cleared debts) Not claimed any benefit/redundancy support as lives with her partner who is in full time employment. Her total monthly outgoings…
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ETF/Foreign shares taxation without self-assessment return
I expect my sources of taxable income for the current tax year will be as follows:1) employment;2) DB pension;3) interest from savings with UK banks and building societies;4) dividends and capital gains from UK Reporting Irish-domiciled ETFs. My total taxable income will be considerably below the £150,000 threshold (it…
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Where to allocate bond ETF?
Although tax should not dictate investment strategy, and things may change in the budget, I would still welcome any views on where to allocate more gov bond etf based on current tax rates assuming basic rate tax. When income is eventually withdrawn from the portfolio then at present dividend income is the least taxed. But…
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Starting rate for savings - does tax free income from a drawdown pension count?
I have just started to receive payment from my private pension. It has been arranged so that £12,570 uses my personal tax allowance and the remainder is made up from the 25% tax free amount from the pension pot, so that I won't be paying any tax on my total annual income. However, as my total income will be more than…
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Delay in transferring Premium Bonds wins to my Direct Saver
How long does it take for NS&I to transfer Premium Bonds Wins into a Direct Saver My account is serious up to do this automatically I won a few prizes at last draw and the money has not yet been transferred into my Direct Saver
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St James Place customers
I know there has been much discussion on SJP. However, my 90 year old mum has been with them for years and likes and trusts her SJP advisor so would never change. However, my question is this - could the current claimants against SJP actually force them under, should the amount of claims exceed their provision? If SJP was…
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2k investment
I’m looking to maybe start a stock and share savings. But unsure on where to start, how do people make money in shares? Or is it just another form of gambling ? I’m looking for long term investment
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Superdry - Cancellation of listing on LSE and Matched Bargain Settlement Facility
Good evening all. I owned a number of shares in Superdry and have to be honest had paid no attention to the account they were held in for ages (I knew they were not performing particularly well so frankly ignored them). However, it appears I was wrong to do so as I can see a message in my account from July stating: Im…
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Paying in joint payee US dollar cheque into single account
Dear Experienced savings & invetment folkI have a closing 'cashiers cheque' from Wells Fargo from our time in Texas. The US bank account is now closed. This cheque expires soon. It is in my name and my wife's maiden name. HSBC took the cheque in and said it would be credited to my solo $ account. I have just received it…
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Interest only Mortgage Repayment Vehicle Check over
Hi I have 3 BTL properties all on Interest only mortgages maturing roughly the same time (16 years from now). So far we have been saving £500pm into a S&S ISA invested into the S&P500 and have accumulated a pot of £65k. My initial plan was for the next 16years to up this to £750pm and see where that leaves us. It then…
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Principality BS Website
Anyone having issues with the website at the moment?. I'm trying to login on my phone and it's being really slow/timing out etc. Other sites are fine though.
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Cynergy withdrawal delay
Anyone else waiting for a Cynergy withdrawal to hit their nominated account? I requested one at 0945 and it still hasn't arrived. Usually they arrive within 5 mins.
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Raisin bonus
Hi all. I've recently taken an account via Raisin and there was a bonus offered when I applied. Its only been 2 weeks but the bonus has not been paid yet. Does anyone know how long they take please? Thanks Mia
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Latest Phishing letters
1 October 2024 - Phishing letters https://www.fscs.org.uk/news/fraud/latest-scams-frauds/
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Premium bonds winnings
We have been fortunate to win £25k on the bonds and have the max in. My question is. Is it worth removing the £50k and then rebuying? Does this have any effect on the odds in winning as we have already done so?
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1.65% three year fix
Not long now until my second stupidest account decision matures (worst was a 1.45% three year fixed that matured last October) …
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Sending money to family abroad
I have two sons - one living in Norway and the other in Spain and after a sale of a house I want to send them £25,000 each. Bank exchange rate is much lower than using a money broker, as on a sum like this there can be as much as £600 difference if using e.g, Key Currency who are based in Truro. They say they are regulated…
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Most recent: Cash ISAs: The Best Currently Available List by nomorekids
30 July at 8:58PM
