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"The Save £12k in 2024" challenge
This is the new Challenge thread for savers in 2024. The challenge starts on 1 January 2024 and finishes on 31 December 2024. Please report monthly and I will record totals on a spreadsheet. Link below. https://docs.google.com/spreadsheets/d/1-frtVz3nhAXAKlcjM5zqNyiLfSopVsc_tPK9Y_r7jPM/edit?usp=sharing You can save £12k or…
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The Savings & Investments Sticky
FCA Unauthorised Firms and Individuals List The Top Instant Access Savings Discussion Area How much can you save? Share Dealing Discussion Area Regular Savings Accounts: The Best Currently Available List! Top Child Trust Funds Article Discussion Area >
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Crypto Currency ??
I understand what crypto currency is - its a "virtual" currency But I can't understand how people can make a fortune / loss investing in it and what is the equivalent in £'s or $'s to "mining" ? is it "printing your own currency ? Could someone explain to me in simple terms ?
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Locked out of Chip app
I've had to click on the forgotten PIN button, as I got paint on my hands so my fingerprint wouldn't scan, then put in the wrong PIN. How long until they respond? I got an email asking for my email and mobile number. Then nothing, for 3 hours...
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VOTE now! Proposed take over of Virgin Money - Nationwide members should be given a vote
I'm really unhappy about Nationwide management running roughshod over their members (we the customers own the building society as it's a mutual), trying to push through a deal to buy Virgin Money. My quick take: * Nationwide management have proposed a takeover of Virgin Money * Terms of the deal have been agreed, but it is…
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Confirmation of payee not used by some banks and building soceites
I am often concerned when I set up a bank transfer to an account with a building soceity to find that there is no confirmation of payee. It seems not all financial institutions have signed up to the scheme. Coventry Busilding Soceity and Yorkshire Building Soceity are two i know of who are not part of the scheme. Is anyone…
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Retirement income
Married man age 54 planning on retiring at 55. Disabled older wife on state pension only. Mortgage paid off. Is a retirement pot of £750,000 enough and the investment question is should I take out the 25% tax free lump sum and invest it somewhere. My pot is not doing too good at the moment.
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Isa transfer in…will it have the same end date as fixed?
Good morning. I am considering a 3 year fixed term isa which allows transfers in a ‘anytime’ ‘A’ I have two other isa’s ‘maturing’ in 1 year, and 2 years time. ‘B’ and ‘C’ if i were to transfer in b and c on maturity into ‘a’, would they then run to the end of ‘a’s term please? Thankyou.
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Onshore investment bonds - rationale...
I posted this on another thread earlier but as the title was just 'investments', I suspect it might get lost in the noise... I'm curious about onshore IBs attractiveness, even with reduced CGT thresholds. Given the 5% annual withdrawal limit to stay free of income tax - unless you're investing a large 6 figure sum (or…
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Global Bond Index Fund
Hi, Is anyone invested in the Vanguard Gloabl Bond Index for income purposes? I am struggling to find info on the dividen percentage performance. How has the fund performed for you?
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University fees and savings
Hi, my children and I (ages 49, 16 and 12) received inheritance last year and we have put it into savings for my eventual retirement and for the children to be able to get onto the property ladder. My question is will these savings effect university grants and loans?
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Assisting with tax through gov gateway
I have helped my elderly mother register an online tax account and she has requested me to be able to help her with her tax affairs via the online service. I have received an email from HMRC informing me of the request but when I log in to my own account I can’t find any messages or links to actually accept the request.…
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Personal Injury Trust - Skipton
Wondering if anyone has any advice on this. My mum received a lump sum of compensation from a Personal Injury claim. She receives benefits so was advised to put this money into a Personal Injury Trust so it wouldn't affect her benefits. She done this with Skipton. My mum lives at home with her partner and the house is…
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lower risk funds - and/or stop loss?
Probably a dumb question - and I'm certainly a beginner where it comes to funds - but I'll be looking to add more cash to my ISA's... (or near cash equivalents) in the next month, and I'm wondering if there is an alternative to cash that would beat an "easy access ISA"? I've looked at Royal London Short Term Money Market Y…
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Moneybox cash isa
I opened a cash ISA with Moneybox just before the new financial year but the interest is not protected by the FSCS until it’s paid out on my one year anniversary. Moneybox say they'd be liable if they went under but will they or the FSCS cover the rest of the funds which are sitting the holding banks? If they go under they…
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Finalising my Power of Attorney(s)
I hope no-one minds too much that I'm posting on this board. It's the one I'm most familiar with, and when I search I've found that LPAs pop up on many different ones anyway. I decided to prepare both types - Finance and Health - for the 3 people in my household, so 6 in all. Spouse and myself, plus adult child, all with…
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Post Office Online Saver
I have just opened this account using the link from the MSE page. My existing Post Office account didn't recognise it so I rang Post Office to seek help. They have never heard of the Online Saver 72. Is this some sort of scam?
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Want to sell certificated shares
Want to sell some certificated shares and seems cheapest way is to avoid the banks and Equiniti. If I send the certificates by post to a broker should I send them registered post? Any recommendations as to who to use much appreciated.
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Junior SIPP and carry forward rules
Hi my 4 year old has a junior sipp (opened Nov 2020) and he regularly gets £100 deposited each month since 2020. I'd like to make a contribution of £3600 today, can he use the unused amount from the last 3 years as a 'carry forward' so that all his 2024 deposits get tax relief and the additional 25% from government? eg.…
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The Top Easy Access Savings Discussion Area
This thread is specifically to discuss the Easy Access Savings article Which includes the new free Savings Calculator tool. To discuss or ask a question about this article: click reply
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Where to invest Child Trust Fund after withdrawing ?
My daughter is 18 and has withdrawn her child trust fund of £10k. She has put it into an HSBC Online Bonus Saver account for now so she can get access to it, but she wants to invest it for the future. I have no experience with savings accounts, so I am seeking guidance on where she can invest her money. I thought she would…
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Tax payable on interest from savings
I will have to pay tax on interest from my savings. Should I transfer money from this account into an ISA or use money from an account which does not earn any interest,