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Best Account to use
My Daughter's and I have recently inherited some money and I'm looking for the best accounts to open with it for investment while we decide what to do. We would like to be able to access it in the meantime but will be looking to invest. My 3 daughter's have 50k each and I have 150k. They are 18, 16 and 14
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Lloyds easy saver.
Can l directly fund other providers Regular Savers from said accounts?
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interest on savings
Hi all, Given that a saver can only earn £1000 of tax free interest in a savings account, is there no point in saving an amount higher than what Martin recommends (Around 18-19 thousand or so I think) as above the 1000 I believe it is 20% tax (in my case)? Are there any other options? I'm not particularly up on all this so…
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YBS Loyalty 6 Access Saver
This account allows 6 withdrawls, does anyone know if the withdrawal limit resets each year ?
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Nationwide regular saver closed and reopen?
Hello. I recently renewed my Nationwide regular saver from last years 8% one and have only funded September/October (max allowance) when l decided to close the account today. I've set up the MHBS one now instead. Would l be allowed in the future to reply for the Nationwide RS if l wanted to?
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How to get old US paper share certificates online
Does anyone know to use get my paper share certificates for a US company, that I used to work, into an online account? I tried using an eTrade account (that's linked to some RSUs I have for my current company) that I have through work but they wouldn't allow me to create a trading account as I'm not a US citizen. I tried…
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Chip cash ISA account - pay the monthly interest in to the instant access account instead?
I've a balance of £20000 in the Chip cash ISA account. Is it possible to choose another Chip account, e.g. Chip instant access account, as the account to pay the monthly interest in to? At the moment interest is paid on around the 4th of each month in to the Cash ISA account. As it is, next month (november 2024) when the…
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Maximising 8 years before retirement at 60
Good morning, I have set myself a goal of retiring at 60🤞. I have a couple of company pensions that will support this. I wanted to canvass some opinions on the next eight years (from next year) where I will have approx £500 spare each month to invest with the goal of generating a monthly income in addition to my pensions.…
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Maturing child trust fund
Hi, looking for some advice please. My daughter’s child trust fund is maturing in December and has a value of around £28,000. What shall I do with this money?! I want to put it in savings and not allow her access to it, so any advice on what to do with it, would be really appreciated.
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Cheque in baby’s name - which banks will accept
I was given a very generous cheque from a family member following the recent birth of my daughter. However they assumed I had changed my surname when I married, which I hadn’t. So I rather sheepishly contacted them and explained, but then said how I had already opened a Kids saver account with Halifax in my daighter’s…
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Coventry Triple Access saver & Tax
Hello, I am just about to exceed the £1,000 tax free interest allowance. Am I right in thinking that, if I opened a Coventry Triple Access saver (4.83%) today, and interest is paid annually on the anniversary of opening then I won't be liable to pay tax on the interest in the current tax year? tia sx
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Flagstone Group Ltd
Hi all New to this forum. Looking into opening a Flagstone business savings account - anyone have any experience with them please? Are they genuine? I've checked the FCA register and they are on there but since 2014 are only allowed to carry out payment service activities. Are deposits with them protected by the FCA? Any…
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Suggestions of what to do with a lump sum
Hello all. I am due to come into circs £250k in a few months from inheritance and currently I have no idea what to do with such money. I have historically struggled to handle large levels of funds and so this time I want to do the right thing and almost forget I have it for a few years, before I look to buy property. Any…
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Open ended or closed ended funds
If anyone can help… Which one is better to invest in? Why would you invest in one structure versus the other? Is there a particular advantage in using one over the other? Thanks!
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£60,000 to reinvest
Howdy everyone. So my Tandem 1 year fixed interest saver (4.55% which was topped up to 4.7% a couple of months in) has recently come to an end. With interest rates now heading down I'm looking for a quick reinvestment for all or part of the 60 grand. Any tips/recommendations?
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VM now part of Nwide - VM customer email text
On 1 October 2024, Nationwide completed its acquisition of Virgin Money. The combination of both businesses will result in a mutually owned, full-service organisation with enhanced investment in customer service and a wider range of products. Together, we will be the UK’s second largest provider of mortgages and savings…
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Lost IBM Shares
Hey forum, I could really do with some guidance here. My mother worked for IBM between 1968 and 1991 and was given shares in the company during her employment. She has never done anything with them and they are probably worth a decent penny or two. She had a go at locating them about 10 years ago by contacting…
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Cynergy Statements & Interest
I recently received an email notification that the bonus period was coming to an end on my Cynergy Online Easy Access Iss67.So today I opened a new account, transferred the balance and closed the old account. The old account was opened about a year ago (05/10/2023). If I download an interest statement for the closed…
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Tax on selling shares
I want to sell £14,000 worth of IHG shares (172 ordinary shares) because the price looks good. (I don't need to sell them.) I inherited these from my mother in 2022 and paid 40% inheritance tax on them. I earn about £21,000. I phoned HMRC who say I will pay 8.75% tax on the sale. I checked that this wasn't just on the…
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LISA - investment strategies
I have a LISA currently only have Vanguard FTSE global all cap. I think I've got in a bad habit of just topping us with cash a little each month then lump sums as and when. So i now have just over £1k in cash. So need to move this into an investment. Current unit rates are £215ish, so I'm wondering do I start adding to a…
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Most recent: Cash ISAs: The Best Currently Available List by nomorekids
30 July at 8:58PM
