Sealed Pot Challenge ~ 19

AntoMac · 12 January at 8:08PM

Hello @MrsShazbat Sorry things didn’t work out for you but please don’t think that you failed in any way. It just wasn’t meant to be on this occasion.

Sue-UU · 12 January at 9:03PM

A very warm welcome to you, RedLipstick (SPC 022) it's lovely to have you with us. Enjoy yourself saving. You'll find your number alongside your name above as well as on the 2nd Post of Page 1, and please read through the 1st post as it'll let you know exactly how to save with the challenge. We always empty our pots and declare what's in them in October, this year's date Declaration Date is Thursday 24th October 2026 However, please declare on or before, but no later . Please pop your SPC No on your signature as it's a great help.

Ah, RedLipstick, the hot chocolate tin is exactly how I first started off, anything does when saving. All the very best.

Hello SPCers I hope everyone had a wonderful weeekend and today on this far milder Monday!

To all those feeling poorly or down in anyway, do please get well soon! Meanwhile

love and hugs from all of us here at SPC

Thanks goodness it was only nips MrsShazbat, it could have been so very much worse.

Very well done on your potting!

So yesterday was indeed your lucky day Lucy! So you've got a nice amount that's gone in your pot!! 😀

Very well done Dizzycap.... roadkill too!! 😯 Brilliant!

Good for you ThriftyPrincess40!

I quite agree Tattypud, the amount really doesn't matter, but by golly the potting does!

Well done Hetty! Oh your poor young lad, they always get disappointed.

I must admit to liking myself, though not too much after 1963 brrr 😲!!

Happy Monday Vicky! Ah well, you might not be able to recall what you've potted, but at least you can put it all down to perimenopausal problems. I've still got many many years to go yet!! 😂😂

Very well potted ThriftyPrincess40!!

Don't worry, we're all possessed!

Ooh wasn't it cold and wet yesterday Tattypud. 🥶 Still you've a reason for it. All the best with FB.

Ah so there you are Siju!! 😧 I hope you thoroughly enjoyed your cruise, especially as you been before. Great to be able to relax.... and eat a little. 😂

Very well done with the £10!!

Have a great week ahead folks!

Sue

Declaration Day for SPC 0026 is October 22nd.............BEFORE --- BUT NO LATER, please!

If anyone would like to join the thread, please just ask at anytime and you will be made very welcome

RedLipstick · 12 January at 11:00PM

@AntoMac thank you for warm welcome! I hope so! Last year I was collecting £2 coins for fun and ended up with £68 at the end of the year, not too much but I only used the cash when I had some leftover notes from holidays or online sales. I've started this year with monthly cash allowance and playing around with envelopes, so I have quite a bit of change on regular basis so I'm planning to put it into the pot. Very excited for the challenge!

@Sue-UU Thank you!

Frogletina · 13 January at 6:18AM

Trying to catch up on my records from last year I couldn't see how much interest I made on one of my savings accounts.

I decided to see if a record of it was still on the app on my phone and to my surprise not only was the interest showing but the savings too earning very little interest now.

Not only did I have about £35 interest from the last two tax years but also I had £1000 in savings which I normally would have taken out.

Sue-UU, can I count this £1000 as part of my sealed pot money?

I also contacted HMRC to see what records they had of my interest sent to them in the tax year 2024/25 as they have amended my tax code as some of it is taxable. They reduced my work pension by nearly £100 this month and will be more the next two months then less until it is paid by the end of the tax year 2026/27.

I'm already losing some of my state pension to tax which is taken via my work pension. I think it is crazy that the tax allowance has been frozen for so long that those on the basic pension alone will end up paying tax soon.

In April I'll contact them about the interest in 2025/26, which should be a lot less. I will also be putting my income into a flexible ISA and withdrawing as and when I need it. I certainly won't exceed the £20,000 limit.