-
Investment & Saving
I am now a home owner and has such have pretty much wiped out my savings. The money I do have I pretty much have earmarked for renovations and I also have the next 3 months mortgage covered. Now I would like to begin setting aside some money each month to build a nest egg. Single man on £31,500 per year. What do you…
-
Regular saver query
Hi, my daughter (23, still living at home and working full time, salary 28k) has a Lloyds regular saver maturing next week, and she says that she won't be opening another one as she can't afford a further £400 per month now that she has various other regular savers earning more (10.38%, 8% and 7%). She's going to move…
-
Child trust fund help
Hi good afternoon, My son was born in 2004 and received the £250 child trust fund check. We put it into Halifax at the time then Halifax wrote to us and said you need to move it so we did . When my son turned 18 we logged into the child trust fund account and to our horror it had matured at only £650 when most of his…
-
1 year fixed savings account or money market fund
Hello I have some cash I am saving for my child. I am unlikely to need it for around 8 years, but like to have access at least one a year. So I don't want to consider a 2 or 5 year fix, at this time. It was in a 1 year fixed savings account, which has just matured. I am deciding between another 1 year fixed savings account…
-
No References in Savings Accounts
Why do saver accounts have no references when transferring money. From one account to another. I'm now losing track of the transfers and what there for. Especially with Christmas looming and other items I've been buying for my new garden.
-
Tax on Bond Funds
A number of years ago I switched all my GIA investments to income units for ease of tracking dividends/equalisation for my tax return. But rather concerningly i've completely overlooked the Vanguard Global Bond Index Fund - GBP Hedged Acc which I have bought into over the last few years. For some reason I just assumed it…
-
Proceeds from house sale
Hi. We are in the process of selling our house but sadly the owner of the property we are looking to buy has passed away so we will be renting until probate is granted. My question is what to do with the proceeds from the sale of our house (approx £400000). Hopefully we will only be renting for 2 or 3 months but would like…
-
How much interest will l lose 11 payments not 12?
Hello. I was just wondering how much interest would l lose if l say had a regular saver at £200 per month maxed out at 6% but didn't make a 12 payment?
-
Elderly Friendly Accounts
Hello, we used to look at getting the best interest rates for my parents, but now they are much older and there is the prospect of invoking LPA’s or dealing with probate, we are thinking that it would be better to chose current account, saving accounts and ISA accounts with institutions that were best of class to engage…
-
Cahoot Sunny Day Saver
Just in the process of seeing this account up. It's the one that pays 5% for balances up to £3k. It's asking me some slightly unusual questions, such as 1) How much will my initial deposit be, and 2) How much will I add per month. I was hoping to make those decisions once the account has been opened, not prior. I could…
-
Tax returns and when to fill in
I am a bit confused as to what I should be doing regarding 2023/2024 tax year i earned around 2.5k income took no pension Plus savings interest earned (exc ISAs, premium bond winnings) was around 12.5k no other incomings i calculate that I do not owe any tax Been on Gov website which says my tax for that tax year has not…
-
Whisky Cask Investment
I am considering investing in a few casks of whisky -- I have approx. £10-15k to invest and I'm happy to put it away for 10-15 years I've been in discussion with 2 companies ' Whisky Partners' whose model is I buy the cask/s outright and make an extra payment to them to insure & store the cask/s and i can sell the cask/s…
-
Predictions: Interest rates over the next year or so... crystal ball time!
So, what do we think will happen with interest rates over the next year or so? And what level will the BoE rate be at the end of 2025?
-
Bonds - UK bias
A UK bias on equities e.g. VL100 has put a drag on returns. Is the same true of bonds? Is UK bias a potential performance issue?
-
Starmer attempts to define the ' Working Man ', is the investment income surcharge returning?
https://taxingwealth.uk/2023/09/13/an-investment-income-surcharge-in-the-uk-could-raise-up-to-18-billion-of-extra-tax-revenue-a-year/#:~:text=This charged an additional 15,not paid on that income. Starmer's attempt to the define the working man and support people who 'can't write a cheque to get out of difficulties ' hints…
-
Simple share trading - best app?
Hi I am looking to invest a small amount, regularly, into shares of my choice. I appreciate there are many apps out there (Plum, e-Toro, MoneyBox, Trading 212 to name a few). I'd be keen to hear views on best for my needs. I'd look to invest £50-£100 a month, in a small number of companies, probably blue-chip. I have maxed…
-
What to do with daughters money?
I have an idea what to do after absolutely minimal research but just putting it out there for advice on the best way to go. Daughter - 20, working full time, just above minimum wage but potential in the future for increases as she gets trained up. Lives at home, no debt at all, currently saves a few bits and pieces but…
-
Pension contribution
Hi Want to make lump sum additional contribution to my pension before the budget. I am basic rate tax payer and earn 27k plus 5k on call payment so the way I understand it can I pay 32k into my pension ? Do I need to account for my monthly pension contributions in this sum ?
-
keeping money in WISE
I'm getting some euros soon from a house sale in spain was wondering has anyone kept a fair chunk in a separate wise JAR on STOCKS I'm thinking of £10k and the rest in a savings acount. The interest in wise stocks acount looks really good. Does anyone do this? And how risky is it. Tia
-
Using savings platform for elderly parent
Hi My 93-year-old dad moved into a care home in the summer and the
sale of his house is currently going through. My dad is pretty OK mentally but I have full PoA and manage
all his finances. When the money from the house sale comes through (£c250k) I’m
looking at where to invest it to generate income to help pay his home…
Have a savings question you're keen to discuss? Here is where posts around ISAs and tax-free savings live.
21.1K discussions
159.1K comments
Most recent: Virgin 1 Year Fixed Rate ISA 5.05% by bagand96
Today at 1:24PM
