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How do I know if an IFA is good?
Hi my query has 2 parts - I am looking to move a pension from Prudential (1) I think I am looking for the equivalent of Tripadvisor for Financial Advisors - does this exist? I am looking for an IFA but need to know if I can trust them and the advise they give is good. I have had some recommendations from an FA that…
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Virgin regular saver - missed month
Hi All Just wanting to check if my understanding of the T&Cs is correct. I opened the account in September and paid in the max for that month (£250). I wasn't well organised in October, and didn't make a payment in that month. Made a payment of £250 earlier today (November). The T&Cs say: * You can pay in up to the maximum…
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Capital Gains Allowance
I just want to confirm my understanding of capital gains tax free allowance. Considering a hypothetical situation where I have two investments A and B and let's say, I crystallise a gain on investment A of £5k and a loss on investment B of £3k which sum up to an overall gain of £2k. This is well within the tax free…
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Mothers Life Assurance Bond
My Mother has a life assurance bond with Royal London, with a cash in value of £118KMy mother would like me to have the money now before she dies as she has Altzheimers and getting worse, im worried about tax.I have a joint bank account with her, If I get it paid into that instead of my own solo account would some of the…
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Quick capital gain tax question
Hello, Most of my investments are in a S&S ISA. However, I had in the past (10years ago) also had some funds outside the ISA on the same investment platform. Last year, I decided to "transfer" these from the normal investment account to my ISA account. However, this involved selling them, transfer the money between…
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Nationwide BS Flex Regular Saver Issue 3 - 6.50% gross
I couldn't find anything already mentioning this (but there's a lot of threads/posts, so if this needs moving mods feel free!) If you're an existing customer, the Regular Saver Issue 3 is available with Nationwide, offering 6.50% AER for a year, with 3 penalty free withdrawals, max deposit £200 per month…
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Tax-free sum ... hedging my bets
I have quite a substantial sum in my SIPP. I also have "2012 Protection" which means that as things stand today I could take out up to £450,000 tax free. Concerned as I am about Ms Reeves' intentions in next week's budget I have applied to take the full tax-free sum that I can now. Obviously if she doesn't lower or abolish…
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Wedding abroad - Euros Savings account?
Hey I’m getting married in Italy next year so all the services are going to
have to be paid in euros. I wanted to know if there are any euro saving
accounts? If so do they offer any interest? or am i better keeping my money in pounds for now?
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Christmas Savings Accounts
Painful as it is to start thinking about next Christmas, I had a Yorkshire Bank Xmas Saver in 2023 and would like to open another this year. However, I see no sign of it today on the YBS website. Any other suggestions? Does not seem to be much on offer and I would prefer to avoid Park Xmas as they give you a voucher.
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Moneybox Cash ISA - 5.15%
Hello Forumites I watched the MSE money show this week & I currently have a maxed-out Cash ISA (20K) with Moneybox receiving 5.19% till 11-Feb-2025 with a 0.94% bonus (then 4.25% thereafter; 20K paid in during Apr-2023) They are currently offering 5.15% on their cash ISA (including a bonus of 0.45%) which is higher than…
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RCI maturity options
I have 2 fixed-rate bonds that will mature in the coming weeks. The first is a NS&I guaranteed income bond (approx £12k) that matures next week. I also have a 2 year RCI bond (approx £10k) that will mature at the end of November. One of these I will reinvest into another fix, but the other I will put into easy access or a…
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Next crash?
Is the UK stock market under/over valued at the moment? This website says over valued, never seen this site before, lots of people on here with a lot of knowledge, but someone needs to ask the question. https://worldperatio.com/area/united-kingdom/
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£300k difference in SIPP forecast...can someone please help me understand
Hi I have a junior sipp for my 4 year old which has currently got £5,115 in it and I make regular £100 deposits per month. HL (attached and also https://www.hl.co.uk/pensions/junior-sipp/junior-sipp-calculator) says it'll be worth about £150k when he is 65 but other calcs say vastly over that using the same numbers.…
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2024 Budget - ISAs, JISAs, CTFs, Help To Save, Starting Rate for Savings
Some good news for those entitled to Help To Save, and some mixed ISA news. Could have been worse, I think.
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Working Out Interest On Taxable Savings Each Financial Year
Say I have a savings account £10k fixed at 5% for 2 years , with interest paid 7th April 23 and 7th April 24 (date of maturity). The terms and conditions of my savings account allows me access to my savings but I'd have to pay a penalty of 180 days loss of interest on any amount taken out. Example Interest for financial…
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It's days like these...
....when being in globally diversified funds all makes sense, especially the 4% UK allocation.... Though not sure it will be so relaxing next week...
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Zopa changing t&c’s
FYI received an email from Zopa regarding a change in their pots and interest rates.
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Paragon via Raisin £50 cashback + £50 referral?
Hello, I understand I can get £50 cashback as explained here https://www.moneysavingexpert.com/content/mse/msecom/en-gb/content/overlay/raisin-savings-products/paragon-easy-access/ In addition to that, Raisin promises £50 to refer a friend (£50 for me and £50 for them). Is this the same offer or can I get £50 as cashback +…
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Inherited a small number of shares
Hi, My grandfather passed away a few years ago, and my mother inherited a small number of shares in various companies on the UK stock market. This was all done in Probate, and she has the share certificates for most of them, the others seem to be electronic. We are not talking a lot of money here, about 10 companies with…
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