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Partial savings locked in until July - What should I be doing to stay tax free?
Hi all, I have £17k locked into a fixed savings account until July 2024 and £8k in an easy access savings account Interest earned this year will be £1300 taking me over my PSA (£1k) What should I be looking to do next tax year? I presume when my fixed matures in July I can't stick it in an ISA. Should I put my £8k into an…
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SIPP advice
Newbie here, who has no real knowledge of investing and low risk tolerance I have virtually no income other than my savings Heard a bit about SIPPs and have been told I should put money in a SIPP to get tax relief back - but I don't pay tax except potentially a little on my savings, so not sure I understand how I can get…
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Kids Savings
I'm looking for the best high interest 'Kids' account to put my 9 year old daughters £20,000 savings away for 3 years, any help would be appreciated.
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Metro bank interest rate display
When you select the account from the online dashboard there is a dropdown labelled interest that used to display your interest rate when expanded. For at least the last week for myself that has not been working. Are others able to see the interest rate from this dropdown? I have tried 2 PCs to no avail.
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Looking for a little help on what I should do with an inheritance Please
Hi All, I am quite new to this so thought I might ask you guys for a little guidance please / A little background, I have been on ESA and receive PIP for health problems. The majority of this will now cease as I am about to receive an inheritance and I have no problem with that at all but now have to figure out how to…
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OakNorth Bank Fixed Rate interest increase
I have an OakNorth 9 month fixed rate account maturing on 17 April. A couple of days ago I was invited to enter maturity instructions online and I decided (in view of the declining rate trajectory) to go for a full rollover of capital and interest into a further fixed rate for 1 year at 5.11%, this was stated to be a…
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Tax on wages
Folks, I know you guys out there are super good at figures and accounting and have helped me on another thread recently with investing our house sale funds....I have another challenge for you guys....(or Gals) ;-) Ive just recently taken the choice at age 55 of taking my PPF (Pension protection fund) pension on a monthly…
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2 Year vs 5 Year Fix!
Hi folks, This is a weird one. I have a bit of savings. I can't decide what's the smartest thing to do with it. I'd love to eventually put it into property, but I need to get a little more clued up first. I guess I'm on here to think out loud, and hope to get some insight from more experienced people. I'm already making…
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British, resident in Taiwan, really need some help with savings.
Hi, i hope this is the right place to ask. I could really use some help with where to put my savings as i've been researching for months, but i'm completely lost. I inherited some funds some years ago. Since then they have been invested, but recently i have moved to Taiwan and become resident here. I am currently a student…
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HL made an error with SIPP but want money back
Hi, I've received notification from HL that they made an error with an amount I contributed to my SIPP with them. They say I wanted it Gross, but they applied it as a net amount and got tax relief for me. They now say they made an error and want me to sell some of my invested assets in order to cover the refund back to…
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Old Premium Bonds
I have a small amount of Premium bonds (£15) which were purchased for me when I was a baby. As far as I can remember I have never won anything! I have had a look at a few lists of winning bonds and have not yet been able to find any winners of bonds which have been purchased before the 2000's. Are there any winners out…
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Ghost goings-on in Co-op Bank Regular Saver
I opened the new Co-op RS with an initial deposit of £250 in February. A second deposit of £250 was made on 1 March. On 14 March, Co-op paid the £50 savings bonus into this account, making a total balance of £550. On checking my Co-op accounts today, I see that on 19 March (Tuesday), £300 has been transferred from my RS…
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Al Rayan Bank/Raisin 5-year Fixed Bond, Paying at Maturity?
Hello all, I see there is a new 5-year fixed bond with Al Rayan Bank via Raisin at 4.55% AER. See here ALR005 - 5 Year Fixed Term Deposit - Raisin On Moneyfacts this bond shows interest is paid "On Maturity (Compounded Annually)". This is what i want - bonds that reinvest your interest, compound it and you theoretically…
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BITCOIN
Is investing in Bitcoin really worth it or is it all just a scam ?
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Charter Savings Bank due diligence
Re £85k govt protection - I really need to avoid having to rely on this as I need liquidity for a house purchase. I have saved with Charter Savings Bank pre Covid with no problems. They offer good savings rates - BUT given that debt arrears are increasing I have done some due diligence. This is what I have found a) Charter…
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MBNA Savings account
This week I opened a MBNA 1 year savings account. It's the first time I have had a decent amount of money to save so did some research and this seemed to be a good one. On the link sent from MBNA they recommended that I downloaded the app - which I did - but you can only connect credit card and loan accounts to it. Call me…
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GIA to ISA Transfer between providers
Hi All - I have been given single stock shares into a Halifax Share dealing account. I already have a S&S ISA with Interactive Investor which I've been paying into and want to transfer these shares into my II ISA (I still have some allowance to use up this year). II only allows me to bed and ISA between its own trading…
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Issues accessing Chip app??
Is anyone else having issues accessing the Chip app today (Tuesday 21st March) I am only getting a 'try again' button and pressing it doesn't do anything but show 'try again'. I have messaged them online, twitter and emailed three hours ago and no-one has answered. I am getting anxious that I can't access my money and am…
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Saving for a Wedding!
I'm getting married in 18 months and want to have my money in the best place in order get as much interest on it as possible (obviously). The aim would be to save around £40k. I currently have 11k savings in the Santander Easy Access Savings account (currently at 5.2% interest, though dropping in May). I am a higher rate…
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Receiving annual report and accounts
Hi, Wondering if anyone knows what it means when you vote to receive the annual report and accounts on an AGM voting form please? I already have the document, so I don't know whether it is saying I agree with the document or what. Thank you