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Children's Bonds - NS&I Scam - 1990's
In the early 1990's my wife and I invested a few thousand pounds from the little we had at the time in Children's Bonds for each of our daughters. Now they are in their early 30's and needing some funds for the next stage of their lives we decided it was a good time to cash in the bonds. It is not easy to apply for a…
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Cynergy website - cannot update personal details - have to ring up!!
Does anyone else find Cynergy's website primitive and unhelpful in certain areas? I already have a Saving Account and wanted to open an ISA so I clicked on the Fast Track application. All looked good, I pressed Ok and get a message saying my NI number is missing but there's nowhere to add it. It turns out you have to ring…
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Changing Shares To Joint Ownership
With the reduction in annual dividend allowance to £500 I'll likely have to pay tax on my dividends this year. So I'm thinking of transferring my shares to joint ownership with my wife to get around this. My understanding is that we'd then split the dividend(s) between us for tax purposes. Is that correct? I've not done…
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Trustee bank accounts
Does any one have any up to date info/experience about this? I have funds for a discretionary trust I need to place as savings relating to a disabled family member. I am struggling to find a current account and savings account for it. Currently sitting in an account in my name as I don't know what else to do. I had high…
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Post office want deposit made by cheque!
I just opened a post office easy access account, and they requested my deposit be sent by cheque from my nominated account.Is this standard for everybody?I want to do everything online.Thanks.
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Pensions saving strategy - recent inheritance to invest
My partner and I are both 47 and hope to retire at 55. We each have a DB pension which is claimable from age 55 (protected) with an approximate 50% reduction. We also each contribute monthly to an additional DC workplace pension. We have no children and are both in full-time work and contributing to our pension schemes. We…
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Selling Vanguard Funds on IWeb?
Would anyone know how selling Vanguard funds on IWeb works around when the sale is priced and when the funds are typically available to re-invest please? I've only ever purchased on IWeb and usually the purchase has been priced the day of putting in the purchase order (assuming done before that days valuation point).…
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Principality BS timings
Hello, Anyone got any experience with principality bs? I got in on a 5% variable ISA with them. I cannot seem to locate an FAQ on how long their withdrawals take - if it’s more than 24h I might leave part of my emergency fund in another cash ISA that is instant. Also I have waited over 5 days for their activation code - do…
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Royal Mail Nominee Share Service
I'm trying to track down my Royal Mail Shares. Every time I log into the Equinity Sharesave portal it redirects me to my Abrdn share portal, which has my Abrdn (previously Standard Life) shares in it. Should my Royal Mail Shares now be managed by Abrdn? Many thanks in advance.
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How many days interest will I lose?
I have an online bonus saver with HSBC. I am told that I will lose a months worth of interest if I make a withdrawal. I want to make a withdrawal so the account balance becomes zero and then next month (when a 1 year fixed rate saver matures) I want to put the money back. Here are the steps: 1) Monthly interest applied as…
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MBNA 1 year fixed rate savings account
So, just opened myself one of these at 5.27% for one year and was a bit surprised to see the account can only be managed by phone. No way of seeing your balance online and for some reason I'm reluctant to use it now. Seems irrational as the balance won't change until the interest is added after the 12 months but there is…
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Interest calculated, accrued, paid - what they all mean and which is best
I've looked at various sources online and still can't get my head around this, so please explain simply if possible! Here are my questions: 1) If interest is 'calculated daily' and paid annually, does this mean that the interest calculated on the previous day is included in the calculation for that day, or is it as if the…
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Markets reaction to Middle East
How do we think markets might behave over the next few weeks given the Iran/Israel situation? Will there be a prolonged fallback, even the US markets, or are we more likely to be in a period of volatility? Will buying opportunities present themselves?
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Can you deposit in an ISA and then transfer it?
I have a Trading212 and an InvestEngine ISAs from previous years. InvestEngine is having a cashback promotion where the amount you get depends on how much you transfer. I was wondering if I can first add the £20k to the Trading212 ISA and then transfer it to InvestEngine, effectively increasing the amount of cashback. I'm…
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Transfer ISA into an Equity Investment Opportunity?
My brother's company has given all employees an Equity Investment Opportunity leading up to the potential sale of the organisation which is expected to happen in 3-5 years. There's going to be a minimum investment of £5k and a maximum of £50k. The vast majority of what he put in gives a guaranteed return of 12% every year…
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My BS have misplaced (kept) my money
I accidentally transferred £1 too much to an ISA in Building Soc 1, so it was sent back to BS2. Contacted BS1 who said it will go back in two days. Contacted BS2 because the time has elapsed. BS2 said the details hadn't been put in right so whilst they have the money they're not giving it to me, and they're sending it back…
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Opening a savings account for a non-resident UK citizen.
My son is a UK citizen but lives and works in New York and is married to an American. He has a UK bank account (zero interest) and wanted to transfer some inheritance money in his current account into a savings account to attract interest. As he is non-resident, he cannot open an ISA or most UK based savings accounts.…
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Schedule regular withdrawals
Hi all, does anyone know of an EA savings account that has the feature whereby you can schedule regular withdrawals to a nominated current account .. (ie. weekly, monthly, quarterly) .. on a “until further notice” type of arrangement ? FWIW, I can schedule a one off future payment in Barclays and NatWest on this basis but…
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yet again national savings website down
Cannot log in on national savings today. This seems to happen very often. I wonder if this organisation will ever address its customer service...
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Anyone dumping Fundsmith?
For a global tracker? Or something else. I'm 50:50 on whether they will outperform again now with rates coming down, or will a drop in charges to one of my trackers pay off for the next few years. Opinions welcome.