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Confused about pension segments
Hi I’m looking to do a partial transfer of my workplace pension with Aviva to my Vanguard SIPP and had a question about segments. I've been informed by Aviva that any transfer I initiate will be for a certain number of segments, of which my workplace pension is made up of 9999. From searching online forums, it seems as…
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Savings accounts accepting DD's
Current list accepting new customers: Post Office Online Saver (can only DD in from one nominated account, sketchy customer service feedback) Chip and Plum (app based) (Chip phasing out DD functionality) Birmingham Midshires Internet Saver Account (2 possible DD's - one of each of the yearly and monthly interest account)…
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Predicting future care costs
Hey everyone I'm in the process of working out how much I will need to afford my desired lifestyle in retirement. I believe I can currently estimate most parts of it pretty well but I'm struggling with estimating future care costs. Obviously this would be based on certain assumptions to do with health but I would like to…
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Overpayments when on a lender's SVR
Hi I currently have a fixed term mortgage with Platform where the initial term ends at the end of September next year. Early repayment charges apply to overpayments during the fixed term. Maybe a stupid question but would I incur any fees if I was to clear the mortgage once I revert to the SVR (I'm assuming that's what…
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Do higher interest rates change your thinking on investing vs paying down mortgage debt
Hey everyone I've always invested (in global equity and index funds) over paying down my mortgage quicker as it should give you a better return over the longer term. But does the logic change at all if we are entering a period of much higher interest rates than has been the case in recent years (as long as you can afford…
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Can I / should I be discussing possible future IHT planning when creating a first will?
Hi I’m looking to create a will for the first time. My situation is relatively straightforward but I still plan to engage a solicitor. My non pension assets are currently under the IHT limit but will likely be above at some point in the future. I have no partner / children so plan to leave certain percentages of everything…
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Self assessment and HRT relief on pensions
Hi everyone I recently started to have to do self assessment and was wondering if tax relief from pensions is all done automatically through that now? In previous years, I’ve had to call separately to claim higher rate tax relief on my pension contributions. 1) I have a work pension scheme where my contributions are paid…
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Do I need to claim HRT relief on work pensions contributions?
Hi guys As per the title really. I was under the impression that higher rate tax relief was all handled automatically into your tax code if you're a higher rate tax payer and make work pension contributions (I contribute 5%, which my employer matches). But another guy at work said he was told you have to claim it back…
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Vanguard finally launches SIPP
https://www.vanguardinvestor.co.uk/what-we-offer/personal-pension/personal-pension-account I'll be moving mine over shortly
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Which UK Property PAIF
Hi guys, I'm looking to add physical property to my portfolio at some point. I've come to the conclusion that a PAIF is the best way to do this for tax efficiency over a feeder fund and over property shares as they will be more closely correlated with other equities. I'm not sure how to work out whether a fund is open…
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Tesco rate reduction later than planned?
https://www.moneysavingexpert.com/news/2019/02/tesco-bank-to-cut-interest-on-its-current-account-from-3--to-1-/?utm_content=1551282234&utm_medium=social&utm_source=facebook,twitter For some reason, I had in mind that this rate was ending in April for existing customers? Says June here. Still not great news though obviously.
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Global tracker funds incl Emerging markets
Hi guys, Looking into these at the moment and found these so far: Vanguard FTSE All-World ETF HSBC FTSE All World Index Any more to consider? Thinking of holding one of these alongside a global bong tracker and property investment trust/ paif. Thanks, Chris.
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Nationwide refer a friend
http://www.nationwide.co.uk/products/current-accounts/our-current-accounts/recommend-a-friend-tab#tab:Recommendafriendandshareand163200 Is this still going? What details do you have to give? I closed my Nationwide account coming up to a year ago so was going to open a new Flex Direct account anyway and then saw this. I…
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Best fixed fee platforms
Hi guys Can anyone recommend some good fixed fee platforms please? I am with iWeb at the moment and have now gone over £50k with them so am looking to use another platform to reduce, albeit probably small, platform risk. Would Halifax Share Dealing count as a different platform for these purposes? Interactive Investor…
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Why does VLS hold FTSE All share, 250 & 100
Hi Looking into potentially creating a custom portfolio for myself and was looking at what I have at the moment (mainly VLS 100) and noticed they have all 3 of these and wondered why that would be? It appears to overweight large companies in particular.…
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Moving away from VLS and home bias
Hi I'm currently invested in a combination of VLS 100 and VLS 20 (mainly 100) and planned on reducing equity exposure over time. I was thinking about adding VG Global Small Cap into the mix too. However, recently I've been researching and thinking that I don't really like so much home bias and was thinking of switching to…
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Transferring work place pennon to SIPP
Hi, I'm currently paying into a work place pension with Aviva 5% of salary, which my employer matches (and that's the max it will match). I'm still working for this company and will be for the foreseeable. I also have a SIPP, which I contribute lump sums to every so often. Given that it gives me more and better investment…
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BOS rate cut coming :-(
http://www.moneysavingexpert.com/news/banking/2017/03/bank-of-scotland-cuts-headline-rate-from-3-to-2-on-classic-account-vantage-?
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Do I need to wait until next tax year to switch S&S ISA
Hi guys Probably a dumb question but here goes :-). Looking to transfer my S&S ISA from Cavendish to iWeb. I am a bit confused by the wording on the site when applying: "I understand that I am only allowed to subscribe to one Stocks and Shares ISA in any tax year and confirm that I have not subscribed and will not…
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Vanguard Global Small Cap Index equivalent available on Halifax/IWeb?
Hi guys, As my portfolio starts to get bigger, I'm thinking of making the move from Cavendish to Halifax/IWeb. The main issue at the moment is finding a good equivalent to the Vanguard Global Small Cap Index available on the platform with similar ongoing charges. I can see it's available through Interactive Investor that…
