Kaupthing Edge

Captain_Mainwaring_2

caliston wrote: »

Unfortunately offshore accounts are no longer tax free, so any income will still count in your personal allowance. Search for 'European Savings Tax Directive' for details. Basically you can either choose to have tax deducted at 20% (goes up in the next few years) or the bank can send the details to HMRC - you might have to fill in a tax return.

Unless the rates are better there's nothing to be gained by going offshore. Also remember IoM has a 75% of first £20,000 compensation scheme - much worse than UK.

Thanks for clarifying this - it is important to note that Kaupthing are dilligent in requesting proof of tax status and domicile to this end.

The terms "not resident" "not ordinarily resident" and "domicile" need to be carefully investigated, many UK based accountants who don't deal with overseas taxation make errors based upon the understanding of these terms.

cundall

MigsyBigsy wrote: »

is there any point in having a Kaupthing and A&L accounts?

I would have A&L current account (not savings) as you get 8.5% for the first £2.5k savings i would say no but current account yes...

joannemi

Ok I need some help here! I have got £20k and am looking at what the best options are. I have been recommended to open an ISA with Kaupthing over the Bradford and Bingley. Should I then just put the rest of the money into one of their fixed rate savings accounts or should I start paying lump sums every month off my mortgage?? Can anyone advise me please??

fishingdobbie

number_3 wrote: »

i have opened a savings account with kaupthing edge smooth and easy.my problem is with my bank nat west.went to nat west today armed with my account number and bacs sort code to transfer money to ke,told cannot transfer by bacs but can do standing order,contact ke told me this was rubbish contact natwest again told again cannot do bacs i have to be a buisness but can do standing order.has anyone else had trouble transfering with nat west? i'm not upto date on backing could someone explain to me in easy terms how to get my money to ke without paying 23£ to make a chaps transfer.

Send a cheque, I had to for my mother when I set her K-E account up, because her Halifax current account charges £25 for bacs or chaps !!

cundall

fishingdobbie wrote: »

Send a cheque, I had to for my mother when I set her K-E account up, because her Halifax current account charges £25 for bacs or chaps !!

Damn! she must have the wrong type of Halifax account!

sloughflint

fishingdobbie wrote: »

Send a cheque, I had to for my mother when I set her K-E account up, because her Halifax current account charges £25 for bacs or chaps !!

What current account is this then? I'm amazed there's a charge for BACS.

Moggles_2

fishingdobbie wrote: »

Send a cheque, I had to for my mother when I set her K-E account up, because her Halifax current account charges £25 for bacs or chaps !!

I'm with Halifax. There's no charge for a BACS transfer. If you have online banking, you can transfer the funds via BACS yourself directly to your Kaupthing account. The process is similar to when you pay bills online. All you need is your KE account number and the sort code.

fishingdobbie

Moggles wrote: »

I'm with Halifax. There's no charge for a BACS transfer. If you have online banking, you can transfer the funds via BACS yourself directly to your Kaupthing account. The process is similar to when you pay bills online. All you need is your KE account number and the sort code.

The account is not online it is a branch only one, I am trying to get her to open an online current account, but at 78 they dont like change

CHR15

At 78 she needs to start spending, not saving.... you can't take it with you!

Good innings and good luck to her

10_66

HF2300 wrote: »

can soemone confirm that the URL is 'online.kaupthingedge.co.uk'?

That's the correct login page.