The new tax free savings allowance

colsten

joe134 wrote: »

Hi Eco, we seem at crossed purposes somehow.:(
3x santander 123 a/cs = £60 k
3xLloyds vantage =£15k
3 x TSB Enhance =£15k
3 x BOS vantage= £15k
2 x 65 + NS & i bond = £20k + index linked £15k
1 lloyds club = £4k
= £140k
+ N/Wide, 3>5% Acs et.al

Your Lloyds Vantage and your TSB Enhance accounts haven't been paying more than 1.5% (if that) for quite some time now.

Eco_Miser

joe134 wrote: »

Hi Eco, we seem at crossed purposes somehow.:(
3x santander 123 a/cs = £60 k

3 Santanders, is this between the two of you, or did you get in early, before they put a limit on?

joe134 wrote: »

3xLloyds vantage =£15k
3 x TSB Enhance =£15k
3 x BOS vantage= £15k
2 x 65 + NS & i bond = £20k + index linked £15k
1 lloyds club = £4k
= £140k
+ N/Wide, 3>5% Acs et.al

OK that's about £4k interest, but on way above typical cash holdings.

joe134 wrote: »

These are not all of my wifes Acs, and guess most on this thread , GIVING advice have them too.:o
Soon over the threshold for tax , even with the new allowances, and extra £1k in 16>17. with these types of a/cs.and her pension on top.My wages are way above the £16.5 k, and have similar Acs, so pay tax at source on my interest.

Wages? so you still have a job - that's not typical for an OAP.

joe134 wrote: »

And I don't class myself out of the mainstream Oap.:) I'm a shilling short of most on here:rotfl: mostly oap's I presume

I wouldn't presume that. Most of those with declared high wealth have also declared that they are still planning for retirement.

Also many of the posters here have way less than that.

joe134 wrote: »

ERR;;and forgot, our Full compliment of Isas, Toisa, and other tax free a/cs.Leave others, with better grasp of figures than me, to work out the amount.;):beer:PS;; that's before rates rise:-)

So, with all of that unwrapped cash plus a full complement of ISAs, I reckon you're totally untypical of the general population, or of OAPs, and in the 5% that will still be paying tax on interest.

joe134

colsten wrote: »

Your Lloyds Vantage and your TSB Enhance accounts haven't been paying more than 1.5% (if that) for quite some time now.

Hi, colsten.I knew about the rates,thanks,I just haven't got round to transferring it to another a/c.I am consolidating a/cs and Isas, so I don't have umpteen a/cs.all over the place.:beer:

badger09

joe134 wrote: »

Hi, colsten.I knew about the rates,thanks,I just haven't got round to transferring it to another a/c.I am consolidating a/cs and Isas, so I don't have umpteen a/cs.all over the place.:beer:

Upgrade
Lloyds Vantage to Lloyds Club ( looks like you/your wife have one)
TSB Enhance to TSB Classic Plus

Should only take minutes

joe134

Eco_Miser wrote: »

3 Santanders, is this between the two of you, or did you get in early, before they put a limit on?OK that's about £4k interest, but on way above typical cash holdings. Wages? so you still have a job - that's not typical for an OAP. I wouldn't presume that. Most of those with declared high wealth have also declared that they are still planning for retirement.

Also many of the posters here have way less than that.

So, with all of that unwrapped cash plus a full complement of ISAs, I reckon you're totally untypical of the general population, or of OAPs, and in the 5% that will still be paying tax on interest.

Hi, Eco, yes,
1; I/we got in early with 123 a/cs.I have 3, wife has 2.
2
No, I don't work, I still use wages, instead of pensions.Bad grammar on my behalf.
3; take your point about oap.s.
one doesn't have to be oap, to be retired.and have a pension.However, there's more oap's working after 65, now, than ever.
4;yes, early planning with isas etc, allows for better retirement and as I have decided to liquidate shares, for cash, at my age, and health, it has allowed me to help with family finances, and help the kids/grandkids, et.al..
I tend not to believe the figures bandied by politicians, bankers, et.al;"lies, damned lies, and stats", comes to mind.:) there is an election soon, so don't bank on anything they say.I am the proverbial pessimist, which, has stood me in good stead.The 5% was not my data,, it was the Chancellors, according to yourself.but, I still stand with the OAP's as a majority holder of high bank a/cs, that will pay the tax, if any on interest.:beer:

joe134

badger09 wrote: »

Upgrade
Lloyds Vantage to Lloyds Club ( looks like you/your wife have one)
TSB Enhance to TSB Classic Plus

Should only take minutes

cheers, badger, just, done it.
already did wifes.:beer: