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Interest payment on a 2 year RCI fixed rate bond?
This bond states that the interest is paid on the 'Anniversary', does that mean after 1 year and then another interest payment for the second year, or is the total interest paid after 2 years?
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Kids lump sum - best place for it?
A friend has 2 children aged 12 and 16 who have been left £20k each in a will. I've been asked where the best long term risk free place is to put them. For the 16yo the Ulster Bank loyalty saver looks good at 5.25%, I'm not sure for the 12yo. Any on either thoughts appreciated!
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PSA
Hi i have a pension of £8500 per year. However I have interest on savings which will be more than the allowed £1000. Will this mean that i will have to pay tax on any interest i earn over the £1000. I would be grateful for any advice
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Bank holidays transfers
Hello. I've got a account which l can transfer money into over 14 days but l just realised its a bank holiday Monday so will my intended payment go through or will the bank not do the transaction until Tuesday?
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Sale of VCT shares
Hi, Does anyone have any positive experience with a platform for sale of vct shares, I have held for over 5 years now and so can sell without clawback on tax. I know that they are often illiquid (specifically talking about Albion here) and the companies do buy back but only on the open market. The shares have done fine,…
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Independent Investment trust question
I held this trust in my SIPP. I'm in my 30s so I don't check it at all. Apparently it merged with monks https://citywire.com/investment-trust-insider/news/independent-to-merge-with-monks-after-retirement-of-star-manager-max-ward/a2394521 Apparently holders were given an option to merge or take the cash. I never did that,…
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How to move shares from one broker to another?
I have about £43k of shares in one broker's fund and share account (i.e. it is not an ISA wrapper). I wish to move the shares into Trading 212 into their ISA wrapper. What is the best way to do this without incurring tax liability? As I understand it (although I could be wrong), there is a certain yearly allowance of…
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Getting all my shares in one place
I have a share portfolio (mostly inherited) which I have with X-O (the no-frills arm of Jarvis Investment Management) because there's no standing charge for them to simply hold the shares for me. However, I have some shares in Shell - also inherited - that, for reasons unknown to me, are held in a nominee account with…
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Plum problems
Been happily using Plum for auto saving for several years. Save over £5k with no issues. I recently (22nd June) moved some money from one Plum account to another to then move to my current account. The money left plum account B and is showing in plum account A but has not cleared. I've contacted Plum 3 times now and each…
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Stafford Railway BS account closure
Trying to close my account and withdrawn the cash, what a pain... I have a two page form to fill in and send back which I did but it's not good enough because it's not a 'real' signature. They want me to print the form, sign it, scan it, and return it I don't have a printer... I'm guessing they'll send me a form in the…
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My new savings Plan
So me and my fiance are getting married this year. We have had TERRIBLE financial education which meant we racked up a lot of debt very quickly between 18 and 24yo. After financial advice I went bankrupt (scotland) 2 years ago which is now discharged and my partner is going bankrupt this year. However the point of this…
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Zopa alternative
I deal with all the money here and recently opened a Zopa account and transferred an iSA into it on my OHs behalf( with his permission and cooperation) So far so good, however now I would like to open a Zopa account on my own behalf but it seems I can’t have two apps on my iPad ( or under one Apple ID ) Does anyone have a…
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HL trading charge refund promotion
https://www.hl.co.uk/features/get-investing Offer runs until 24/6/24… I’m assuming “trades” refers to buying or selling?
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Barclays saving bond.
Hello. I've currently have a bond with barclays which matures in July. Can l open another one before or have l got to wait for the term of my first bond to end?
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Secure Trust Bank App
App has been updated today. So glad they now display my 1 and only account at the top of the screen (like every other banking app already does) and not the bottom of the screen
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Chargeable Event Gain
I am thinking of cashing in a in a Halifax PIP plan and understand i will receive a Chargeable event gain certificate. Not quite sure what this is. I am a basic rate taxpayer in Scotland. Initial investment lump sum of £50k Nothing else invested, held for 17 years And gain would be approx £73000 Do I have to pay tax on…
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Chip Savings Deposit Warning!
Good morning everyone, I count myself as tech-savvy but have to admit that this went over my head a little bit with Chip. I have a Chip account and have used this for a few years now - no issues. Loads of deposits and withdrawals - all pretty instantaneous. Obviously read about their new instant access saver at 3.15% on…
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Personal Savings Allowance
I have just found out from HMRC that unfortunately the Personal Savings Allowance of £1000 per year is only applied in the year an investment bond matures, so for 2 /3/4/5 etc year bonds only 1 allowance. This seems unfair as 5 one year investments would qualify 5 times where a 5 year fixed rate deal only qualifies once. I…
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WHATS THE BEST THING TO DO?
Hi, I put this question on another category but it was recommended it should be on this one, so here goes. My wife and I are currently retired, I have my state pension and also a private pension, the wife isn't old enough for a state pension but has a private one. After 2 lots of recent inheritances to the wife and I I'm…
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NS&I guaranteed growth bonds taxable?
Hi I opened an NS&I guaranteed growth bond (1 year) last year. It matures in a few months. My account is not showing any interest so far, but is this a taxable account? If so, how do I work this out? And am I correct in assuming that cash ISAs are tax free? Thanks in advance!