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Saving and Pension Planning Checkpoint.
Hi all, I am would like to have sufficient savings later in life for retirement, potential options to retire earlier if it was required and be able to help support my kids with first home etc. Below is a quick summary and outline of financial position. Wondered if it was an ok position for my age etc and circumstances etc.…
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CGT Liability on Sale of French Property
My Parents owned a holiday cottage in France for 35-years which was sold last year when my mum died. There was no CGT due in France and in accordance with French inheritance law the proceeds of the sale were spilt 50:50 between my dad and mother’s estate. My mother estate was then split equally between my dad, me and my…
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Onshore investment bonds - rationale...
I posted this on another thread earlier but as the title was just 'investments', I suspect it might get lost in the noise... I'm curious about onshore IBs attractiveness, even with reduced CGT thresholds. Given the 5% annual withdrawal limit to stay free of income tax - unless you're investing a large 6 figure sum (or…
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Locked out of Chip app
I've had to click on the forgotten PIN button, as I got paint on my hands so my fingerprint wouldn't scan, then put in the wrong PIN. How long until they respond? I got an email asking for my email and mobile number. Then nothing, for 3 hours...
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Customer Service for Banks (e.g. Cynergy)
I think need to look harder at customer service and ease of use before recommending a banking/saving provider. I recently set up an ISA with Cynergy, good rate but very poor service. * One two occasions firstly 40 minutes then 30 minutes for them to answer the phone. * Offshore staff struggled to understand me (Northerner)…
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Finding shares
I keep getting shareholder information for AXA and vaguely remember that employees were to be given shares. I can find no information from that employment and am having difficulty in finding contact information to see if I am on their shareholder roll. Very new to all this any help would be appreciated.
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Personal Injury Trust - Skipton
Wondering if anyone has any advice on this. My mum received a lump sum of compensation from a Personal Injury claim. She receives benefits so was advised to put this money into a Personal Injury Trust so it wouldn't affect her benefits. She done this with Skipton. My mum lives at home with her partner and the house is…
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Confirmation of payee not used by some banks and building soceites
I am often concerned when I set up a bank transfer to an account with a building soceity to find that there is no confirmation of payee. It seems not all financial institutions have signed up to the scheme. Coventry Busilding Soceity and Yorkshire Building Soceity are two i know of who are not part of the scheme. Is anyone…
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Retirement income
Married man age 54 planning on retiring at 55. Disabled older wife on state pension only. Mortgage paid off. Is a retirement pot of £750,000 enough and the investment question is should I take out the 25% tax free lump sum and invest it somewhere. My pot is not doing too good at the moment.
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lower risk funds - and/or stop loss?
Probably a dumb question - and I'm certainly a beginner where it comes to funds - but I'll be looking to add more cash to my ISA's... (or near cash equivalents) in the next month, and I'm wondering if there is an alternative to cash that would beat an "easy access ISA"? I've looked at Royal London Short Term Money Market Y…
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Junior SIPP and carry forward rules
Himy 4 year old has a junior sipp (opened Nov 2020) and he regularly gets £100 deposited each month since 2020. I'd like to make a contribution of £3600 today, can he use the unused amount from the last 3 years as a 'carry forward' so that all his 2024 deposits get tax relief and the additional 25% from government? eg.2021…
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Where to invest Child Trust Fund after withdrawing ?
My daughter is 18 and has withdrawn her child trust fund of £10k. She has put it into an HSBC Online Bonus Saver account for now so she can get access to it, but she wants to invest it for the future. I have no experience with savings accounts, so I am seeking guidance on where she can invest her money. I thought she would…
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UK STRIPS - how to calculate the correct price / return
I've seen a UK STRIP priced at £92.80 and maturing in March next year. To my novice eye, this would appear to offer an 7.2% return in under a year, which I appreciate can't be correct. The website says: Index linked gilts are bought and sold at an 'inflation adjusted price'. If you own an index linked gilt issued after…
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Self Assessment: Savings Interest Statements for closed accounts.
Because of frequent interest rate changes, I ended up with savings accounts with a number of different organisations over the last tax year. Many of these acounts are now closed. In some cases I am no longer able to login to the website to obtain interest statements.One example being Secure Trust Bank.In other cases I can…
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Investments
Why choose investments bonds over GIA's
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View's please on holding physical Gold?
I would welcome views on holding physical gold, I.e. coins etc. I do realize that gold at the moment is at a very high price at the moment but I am looking into the possibility of holding some in the form of coins, Krugerrands etc. Any help in where/how to purchase, storing the coins, possibly selling them in the future…
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How to pay SIPP/ISA fees painlessly
I'm not fond of recurring payments - for anything - being taken from cash or credit/debit cards. Inevitably the time comes when the cash runs out or the cards expire and you're left with a default payment. I'm looking for a SIPP/ISA provider who 'provides' an easier automatic way of paying fees. As far as I can tell both A…
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Personal Savings Allowance
Hi Folks, I can't get my head around this and wondering if someone can clear it up as I assume it's quite simple. I note the personal savings allowance changes from £1000 to £500 if you are a higher rate tax payer. So if you earn 1p over the tax threshold for intermediate tax payers you lose £500 from your allowance? I'm…
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Purchasing shares worry
Hi all hoping someone can put my mind to rest as have got myself really worried giving personal info such as NI number and signing a w8-Ben form when opening an online app account with trading 212. I haven’t deposited any money yet but used the recommendation on the MSE website to use Trading 212 and then had a mad…
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Cynergy website - cannot update personal details - have to ring up!!
Does anyone else find Cynergy's website primitive and unhelpful in certain areas? I already have a Saving Account and wanted to open an ISA so I clicked on the Fast Track application. All looked good, I pressed Ok and get a message saying my NI number is missing but there's nowhere to add it. It turns out you have to ring…
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