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Income Tax on Vanguard Lifestrategy account question
Hi, can't believe I've never really thought about this before but here goes! We invested about £35K in a VLS 60 account (not as part of an ISA) back in 2020. Since then the markets have been a bit all over the place, the value of our fund increased by about £5K in the first year, fell back to break even and has recently…
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Interest allowance
Hi, The situation is i'm an additional rate tax payer with no savings interest allowance and my wife is self employed with typical earnings of around £6k on her tax return each year. As I can't earn tax free interest we typically move any spare cash into savings accounts in my wife's name once ISA's are maxed for the year.…
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British ISA
It looks like we will have an extra 5k ISA allowance some time soon. If this is supposed to encourage UK investment will it work? I dumped my UK funds for global after the referendum and the result since has been very much better than the original. The only UK fund I have left is Evenload Income which I kept just because I…
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Accrued Interest on Gilt Purchases - When to report
Hey everyone, I made my first foray into Gilts fairly recently, like I'm sure many people did. One of my Gilts, TN24 matured recently, and hence when compiling my next tax return I'll need to add some information on this.. * I'm aware I need to add the coupons from the Gilt, as interest income. * I'm aware I'll need to…
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Confused by savings and tax
I put 30k into the santander easy access account that was raved about last year and so far have earned £900 in interest. Its paid monthly, but after watching the show the other night, realised I'm taxed on savings after about £1100 odds interest. So I opened a chips cash isa last night. I'm clueless about money first and…
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UPDATE: ISA Transfer - they lost my money! 😖 (Do you lose interest when switching?)
I have recently transferred my Cash ISA for a higher rate. But this process is taking a long time. And its still not complete. Do you I lose the interest on that ISA for the interim period? I hadnt factored that and it would be a significant amount of interest.... TIA
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Amazon RSU stock award - can i gift?
Was enquiring if anyone knows if on vest you can gift to someone else, say partner, to avoid tax and implications? im basically hoping we can have shares vest and gift to someone else for them to sell and pay tax on vs the higher rate tax payer? Thats basic goal here - can anyone tel me how possible this is? Thanks
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Importing Fund Price into Google Sheets
Hi, I have a spreadsheet on google sheets which imports different fund prices in, it has worked fine until recently. Unfortunately I now get a #REF error which tells me to use the desktop version of the ft site where I am pulling the prices from. I am on an Acer Chromebook and seem unable to rectify it. Has anyone else had…
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Monument Easy Access 5.11%
Can't see any threads about this account? Anyone have one? Saw this comment in the top easy access thread but no further discussion on it... "Have tried opening Cynergy and Monument. Both a disaster! App this, scan that, SMS coming, activate here .... (20 x with Cyn. ) Gave up. No thanks" What interests (no pun intended)…
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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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Premium Bond Winner ?
im interested in winning premium bond holders , or not as the case may be , please post your winnings and holding as well as length of time held , i have a theory that newer bonds win more prizes , id prefer not to make this a discussion area of that arguement but i would be interested in your winnings just a bit of…
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Tax on Savings
This year my interest on my savings will be c£3k and my wife a little less. We are both retired and our individual income is below £12570 I have read that we get an extra £5k tax free savings allowance as our individual incomes from occupational pensions is below £17.5k. Do we have to claim for this etc or will no tax be…
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Trading212 5.2% APY
Trading212 now offers 5.2% APY interest on uninvested cash in their trading accounts, with instant access. Shortly they are going to launch a debit card linked to this account, allowing the account to effectively be used as a current account with 0.5% cashback on all purchases. It will also allow foreign currency debit…
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Vanguard life strategy 20% equity Gross accumulation Fund
Is there any hope in the future that this fund will return to profit?is it worth hanging on to find out? any help advice appreciated
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Recent experiences withdrawing a few thousand in cash
I might be withdrawing low thousands (maximum £3k) soon from either Nationwide or Natwest. I was expecting to have to give the branch notice & provide ID but Natwest appear to go even further: "be prepared for our branch colleagues to ask further questions about your withdrawal request which can sometimes take up to 30…
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Why is copy trading dismissed by so many investors?
About two years ago I set up a virtual portfolio on etoro. I virtually invested £1300 with a copy trader to see how it would perform. It has risen over 3000% and I would have made over £30,000. So obviously I wish I'd actually done it in my real portfolio! Did I just strike very lucky with my copying selection/entry date…
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ISA Rules
I understand that currently we are limited to purchasing one new Cash ISA every year up to the value of £20,000. My question is that Is it also permissible to continue with existing Fixed Term ISA'S as well if they have matured in that same Tax year by taking out another similar Fixed Term Cash ISA product, either with the…
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Inflation and stock prices
Hi, was just discussing this with neighbour; seems a logic assumption but I bet it's more complicated .... Over the last 2 years of inflation prices have risen by about 20%. Is it reasonable to assume that over an period of time that this 20% would be reflected in stock valuations. I know there are lots of factors involved…
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ISAs vs High Interest Savings Account
I was wondering if anyone could offer some advice. I have recently retired and would like to make interest on my savings with no risk. I have been looking at this site and from what I can see the only benefit to an ISA is that there is no tax on the interest. I don't pay tax on my pension so this isn't an issue. I can see…
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Lloyds and crediting of interest
My husband is banking with Lloyds Offshore (we are in CI) - we have a savings account at 4.5% which is critical for us at present - interest is supposed to be credited on 9th of each month but we often find it does not go in until 11.59 that day. As 9th was a Saturday this month, we expected it to be credited latest when…