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Smartsave - 1 year fix. Any issues?
I'm considering Smartsave for a 1 year fix @ 5.28%. I was all set on going with MBNA, but I'm put off by the fact that it is telephone access only! Is there anything I need to be aware of with Smartsave? Any issues anyone has had? Any reason why I shouldn't go with them?
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Personal Savings Allowance when reinvesting?
Hello guys. I wanted to ask something regarding triggering Personal Savings Allowance at account maturity date. Here's my situation: * Opened a savings account with SmartSave bank last year and account is due to mature on 2 April; * I am a basic rate taxpayer so am allowed the yearly £1000 PSA; * Looking to reinvest my…
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Isa Transfer question
I opened my 1st ISA last year, using up all £20k allowance. It was a fixed 1 yr with RBS and opened in August. This coming tax year I want to open another ISA, again using full allowance. If for instance I open and invest into this, Charter Savings Bank Easy Access Cash ISA (issue 44) at start of tax year in April, can I…
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Possible changes to savings rate with Chase from 13 May
Just logged into Chase and there’s a banner that says things are changing from 13 May We're changing the way we calculate the interest rate on your saver accounts. We used to set our own variable saver rate, but we'll now tie our Chase saver interest rate to the Bank of England base rate, which you can find on their…
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Capital gains tax and the basic rate limit
Hi there I currently do not work. I have some rental income that goes just over my personal allowance. I also have gains from investments in shares/funds. I make use of the capital gains allowance each year (£6k for 2023-24 tax year). I bed and isa, or i sell and buy etfs/funds which are similar to crystallise gains.…
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How to transfer a stocks and shares ISA
I have approx £200K in a stocks and shares ISA with Fidelity which is spread across six different funds. I am looking to change my investments and was thinking of putting £100K into a single Vanguard fund and transfer the reminder to a different Fidelity fund. I have not added any new funds to the ISA in this tax year.…
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Transfer large-ish amount from HSBC USA to HSBC UK
I welcome your help please. I presently need to Transfer $100k++ usd from my HSBC USA located bank to my HSBC UK located bank.To date I have used a currency exchange provider. In today's banking world does HSBC internal money transfer system give as good as rates as a 3rd party currency exchange provider.
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IFA/ Wealth management query
What size of estate (property, stock, cash, chattel) is considered large, and would be worth engaging with a wealth management advisor? Also how do they charge. Is it a fixed cost per advised or is it calculated as percentage of the estate value they are being asked to manage? thank you
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Set up S&S ISA before year end and transfer next tax year
Hi. I had similar query in another thread. This is specific to my wife’s find though. she has used up £16000 of 23/24 allowance in fixed ISA with Nationwide. Wanting to move to Virgin fixed in 24/25 tax year where she will be maxing that out. Can she open a S&S ISA, with Virgin before 23/24 tax year end, fund it with £4000…
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Tax on savings interest
Not sure if this is best posted here or elsewhere - please direct as required. The situation is - Someone is not in employment with no pension income, but will go over their personal savings allowance this year due to interest earned from savings accounts. What should they do to report this to HMRC (do they even need to or…
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Ford Money exclusives for members
By email today. The suspense!
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S&S ISA for regular investing
I am looking to open a S&S ISA in April that I want to invest my 20k allowance over 12 months by making regular monthly contributions. Therefore, I am looking for a platform that offers free regular investing. It would also be a benefit, although not essential if it could be operated via its banking app.HSBC and Barclays…
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where to put money for between 6-12 months?
I'd appreciate any advice - 50k that'll be used as a house deposit at some point, where should I put it in the short term to avoid paying tax?
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capital gain calcs
Hi, my query relates to deductible costs. I have had a look at hmrc manuals anc cannot find an answer. I know broker costs, say for example HL, can be deducted, however how about stamp duty and currency conversion fees. Also in the case of something like CTY, would I be able to deduct their fee on top of the broker's fees?…
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Forex trading college- any experiences?
I really want to be proved wrong on this but will welcome any personal experiences. My husband has signed up, by "signed up"I mean paid £1000, to do a virtual course with the end game of being able to have a side hustle in trading. We have no experience of this and from briefly talking about it with him and looking at the…
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TSB monthly saver
Had a monthly saver matured 04 Feb tried today to open new account but got message saying you don't qualify as you already have one anybody have the same issue
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Minimum Hargreaves Lansdowne SIPP amount ?
Hi all, can anyone tell me the minimum amount I can leave in a Hargreaves Lansdowne SIPP to prevent closure by HL ?
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Income Tax on Vanguard Lifestrategy account question
Hi, can't believe I've never really thought about this before but here goes! We invested about £35K in a VLS 60 account (not as part of an ISA) back in 2020. Since then the markets have been a bit all over the place, the value of our fund increased by about £5K in the first year, fell back to break even and has recently…
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Interest allowance
Hi, The situation is i'm an additional rate tax payer with no savings interest allowance and my wife is self employed with typical earnings of around £6k on her tax return each year. As I can't earn tax free interest we typically move any spare cash into savings accounts in my wife's name once ISA's are maxed for the year.…
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British ISA
It looks like we will have an extra 5k ISA allowance some time soon. If this is supposed to encourage UK investment will it work? I dumped my UK funds for global after the referendum and the result since has been very much better than the original. The only UK fund I have left is Evenload Income which I kept just because I…
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