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Implications of withdrawing from a Lifetime ISA
I opened a Lifetime ISA when I was 39 (in 2021). I bought my house in 2014 so I am using the ISA to save for my pension. I spoke to Hargreaves Lansdowne today (the ISA provider) and I am confused about the implications of withdrawing from a LISA for invalid reasons i.e. before I am of pension age. To explain, let's assume…
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Santander Easy Access Limited Edition
The Key Document ofr this account states the annual interest at 5.20% AER/gross and the monthly interest rate at 5.08% AER/gross. Should the monthly not read 5.08% gross (5.20% AER)? Or have I misunderstood how AER works?
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Old Investec account- HELP on where to transfer money to…
Hi all, First post here- please be kind My mother and I have a joint account (money in old Hi5 account Investec). It has around £75,000 in there and I’m wondering where best to put the money? I’m stuck in a bit of a predicament as I’ll be due to buy a house soon with some of that money.. (hopefully writing the next 9-10…
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Oak North Bank ISA account set up problems
Hi all. I wanted to set up an ISA with Oak North and transfer ISA. I downloaded app and got to a stage where it said that I had to go to website to set up ISA. I went to the website, but there is no way to register for one. There is simply a 'register for online banking' where you need an account number of which would be…
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Starter tax allowance v cash isa
Hello I have dropped my hours at work and now only earn approx 12.5k per year I have approx 50k in cash ISAs as previously earned a lot more From what I understand I can now earn £5000 in interest tax free on top of the tax allowance ? Therefore as I can get better interest rates on fixed saver than cash isa I would be…
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Premium Bond Question.
Can anyone cast any light on this? Back at the beginning of March, I received notification from NS and I, that I had won £100 on my premium bond holdings. £100 subsequently appeared in my current account. All fine. Today, I log on to on-line banking to pay a bill and notice that yesterday ie. 25/3/2024, a random £50 has…
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Skipton international
Does anyone know a anything about skipton international building society. Are they a good place to save
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The Top Fixed Interest Savings Discussion Area
I'm interested in people's thoughts and recommendations for the best fixed interest accounts. With BOE interests rates recently starting to increase we have to consider the desirability of long term fixed interest savings. Since withdrawals are usually not permitted before the end of the fixed period, such general interest…
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Notice of interest rate reduction on notice accounts
I've got a 95 day account with RCI Bank still paying a generous 5.6%, although not for too much longer. Their summary box says "The interest rate is variable, and we can change the rate of interest on existing accounts by giving you at least 109 days’ notice" I have a 90 day account with Oxbury which says "Oxbury can make…
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Minimising time out of market when switching investments
Hi all, The time has come to move my AJ Bell LISA investments into ETFs to cap the fees. There's about £16k in in HSBC FTSE All-World Index C Acc. Is there a recommended strategy to do this to minimise time out of the market? In one go or in dribs and drabs? I know when adding new money, putting a lump sum in terms to win…
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Premium Bonds Article Discussion Area
This thread is to discuss the Premium Bonds: Are they worth it? article Also see the Premium Bond Probability Calculator to discuss the calculator specifically see the Premium Bond Calculator Discussion. To take part, click reply.
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Cashing in Stagecoach group plc share certificate
I have an old share certificate for stagecoach group plc which was issued to me in 2017 after I left the company which was part of a company share program I was enrolled in. The certificate was issued by Capita and was for 1,744 shares. I have now gone to try and cash in the certificate but I cannot as apparently the…
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SIPP for investment in international stocks and ETFs?
Hi there. I have a SIPP with Fidelity in the UK. To my disappointment I have found that I am only able to invest in UK stocks and ETFs from this product. Does anyone know of a provider that offers a SIPP that allows me to invest in US stocks and ETFs (especially one that would also allow me to allocate 1-3% of my portfolio…
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Personal savings allowance and staying out of higher rate tax band
I hope someone can help. My husband got a payrise putting him £2k into the higher rate threshold. He has decided to put money into his pension to bring it down to meet the top of the banding. He however also earns £1000k a year in interest from savings. How does this affect him? Does the £1k count as income and therefore…
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Cash Isa Help
Hi Both my wife and I have 1year cash isa's maturing on 1-4-24, circa £50K in each. I would like to transfer this straight away to another provider who offers a good interest rate. Current providers follow on rate is poor Needs to be easy access, allows transfers in and be flexible. I've found one but I need to open with…
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Tax brackets for savings interest income - Do I include salary sacrifice pension contributions?
Hi there. I'm trying to work out how to balance savings between myself and my partner for the 24/25 tax year to ensure that neither of us go into the higher rate tax bracket on our savings interest. I currently make quite a large contribution each month to my pension via salary sacrifice. So which figure do I use to work…
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Dumping IFA portfolio to go DIY
I have casually lurked on this forum for quite a while but never felt I had a need to ask anything..but now I think I have. Been with an IFA for 7 years and in that time a largely Dimensional fund dominated pf on the Nucleus platform has evolved into what I’ll post below. All our equity pf is now within ISA wrappers and…
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Saffron BS - Small Saver Q
Afternoon, I was looking to open a Saffron Small Saver account @ 5.75% interest, the account is question is: https://www.saffronbs.co.uk/savings/regular-savings-accounts/small-saver My initial plan was to simply pay in £50pm over the course of the year but got half way through the application and now not sure thats the…
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Take a peek at my hand?
************************************************************ Hello. I'm an amateur investor with a stocks and shares ISA account since 2006. This is a diary type thread to share my thoughts and to chart the ups and downs. The diary started on 31st December 2014, and I update it at the end of each quarter. I am particularly…
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Vanguard Life Strategy 60/40 best platform please
Hi all, I would like to invest in VLS 60/40. I am 50 years old and have £60,000 to invest. Which platform is best to go through? The two that keep coming up are Vanguard direct or via iWeb. I am a complete novice so spend hours doing research but then never actually invest. I need urgent help at pulling the trigger please.…