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Do I need to pay tax on savings interest?
Following the recent sale of an inheritance property I have deposited around £70k in a high interest savings account, earning around 5%. My current income is my full state pension plus a small amount I take from my SIPP to take me up to the tax threshold of £12570. The remainder of the inheritance money (£200k) is now…
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Aviva Long Gilt S^ fund
Hi, I am no pension or investment expert but I'll to to explain... I have a pension fund with Aviba based on a "lifestage" approach to investment./ Basically that means that, as iI approach retirement age, Aviva will "automatically" (their word) invest in less risky funds to protect my pension. there is a bit more detail…
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Trustnet Portfolio
Hi I find the Trustnet Portfolio a useful tool when it comes to tracking the performance of my s&s ISA and SIPP. My question is is it possible to add individual shares listed in the USA as a holding? I have played around with the add holding feature and searched online but cant seem to find it. For example if you held AAPL…
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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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How to find original share prices for CGT
Hi, My dad bought some shares in my name many decades ago. He originally had them as paper certificates, then a couple of different online portals, and now in Fidelity. He has passed them over to me to take control. I want to sell them and get the funds into my ISA (possibly re-buy the same shares again if i think they…
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CMC invest transfer cashback
Hi Had a email from the above offering 1000 pounds cashback for transfers of 100k into their app based plans . Must be held for 12 months and I can't see any charges for its basic plan. Not sure on range of etfs or tracker funds on there so what's the catch seems easy way to get a nice bonus. Anybody using these ?
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BEWARE : Post office easy access savings account recommended by MSE
Tried to open but apparently there is a problem verifying my linked bank account even though I have had the same bank for many years. Luckily I only transferred a £1 to the account details I was given. I phoned up to query and been told I have to post a recent bank statement with all personal details . Do not trust post…
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p2pindependentforum.com
Anyone tried to logon to this site today? I've just tried to access the site and get nothing but the message "You have been banned from this forum."
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Saving and Pension Planning Checkpoint.
Hi all, I am would like to have sufficient savings later in life for retirement, potential options to retire earlier if it was required and be able to help support my kids with first home etc. Below is a quick summary and outline of financial position. Wondered if it was an ok position for my age etc and circumstances etc.…
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CGT Liability on Sale of French Property
My Parents owned a holiday cottage in France for 35-years which was sold last year when my mum died. There was no CGT due in France and in accordance with French inheritance law the proceeds of the sale were spilt 50:50 between my dad and mother’s estate. My mother estate was then split equally between my dad, me and my…
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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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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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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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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,
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NS&I Index Linked Savings Certificates - Renew or Possible Alternatives?
Have some NS&I Linked savings certificates coming up for renewal next month. I would have renewed but found out you now can't withdraw them until the fixed term ends. I might need to access that money before the new term would end, so this is a concern. Any suggestions what I could do with the money if I choose not to…
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Customer Service for Banks (e.g. Cynergy)
I think need to look harder at customer service and ease of use before recommending a banking/saving provider. I recently set up an ISA with Cynergy, good rate but very poor service. * One two occasions firstly 40 minutes then 30 minutes for them to answer the phone. * Offshore staff struggled to understand me (Northerner)…
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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 itand 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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Finding shares
I keep getting shareholder information for AXA and vaguely remember that employees were to be given shares. I can find no information from that employment and am having difficulty in finding contact information to see if I am on their shareholder roll. Very new to all this any help would be appreciated.
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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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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…