For questions that relate to the laws, practices, and products of the United Kingdom.

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1answer
66 views

Emigrating from USA to United Kingdom

How much money can I take with me when emigrating from USA to United Kingdom without having to pay tax?
3
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1answer
47 views

Advice on helping younger relatives to buy a house in the UK

Younger relatives of ours would like to move to our area but it's quite expensive - they can only really afford half of a house deposit. We've just come into enough money to make that up to a full ...
0
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0answers
68 views

What usually happens to the Stock Market when it opens on Monday? [on hold]

I have a few contracts on FTSE 100 and I am wondering what a Monday morning would be like. I imagine that there will be a lot of initial movement due to all the trades that some brokers let you queue ...
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2answers
85 views

Saving/ Investing a lump sum

I have recently come to a settlement agreement with my employer, to terminate my contract. As part of the agreement, I am expecting to receive a pay off in one lump sum. I do not have any immediate ...
1
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1answer
63 views

Yahoo Finance - Data inconsistencies between historic and current data

I am having trouble with what seems like an inconsistency of units with Yahoo Finance API data. The issue relates to whether I'm getting the current price or historic price. The current price is ...
1
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1answer
77 views

Paying part of the mortgage before remortgaging

I am aware the exact answers to my questions below may depend on the conditions of the mortgage but I would still be grateful for some advice and pointers. Let's say I took a 2-year fixed rate ...
0
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2answers
63 views

car insurance - 2 cars, can I have 2 separate NCD

I know that I cannot use No Claims Discount on the second car but my question will be a little bit different. I build 4 years NCB in last 4 years. But there was a moment when I bought second car. When ...
0
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1answer
48 views

Why Are Percentage Gains Used for Capital Gains Tax Calculations?

In the context of UK investments, I'm led to believe that encashing a general investment account (OEIC/UT) can result in a capital gains tax liability. My understanding is that when calculating this ...
2
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1answer
49 views

Is there an accepted standard for how US tax system treat UK ISAs for expats?

For US citizens living in the UK, the US tax system treats UK pension contribution and withdrawals pretty much like the UK does. Tax-free contributions, taxes due on withdrawals. Just like a ...
4
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3answers
96 views

Suggested ways to save for a comfortable retirment in the UK given the lifetime allowance limits on pensions?

I've heard the rumor that this March's UK Budget will lower the Lifetime Allowance (LTA) from £1M to £800k or even less. They might index this for inflation. That seems to me to be a pretty low ...
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1answer
30 views

Where can I get my unique taxpayer ref number from?

I'm already registered for self assessment, but I don't know what my UTR number is because I'm abroad for 6 months and don't have those documents with me. Since I should already have a self ...
3
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0answers
30 views

Pension LTA (Life Time Allowance) limit criteria

I've been reading about pensions and specifically the LTA (Life Time Allowance), and after spending days reading everything anyone has to say about it, the only thing I'm sure of is that there are ...
4
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1answer
171 views

Estate agents faking offers on a property

I was recently viewing a property to buy in England, with an asking price of £400k. On the day of the viewing, but before my appointment, the estate agent informed me that two offers had already been ...
1
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1answer
38 views

Nationwide FlexOne internationally

I am planning a trip to Berlin, and I have seen that my debit card has no transaction fees or cash fees for foreign currency, so it is charged at VISA's exchange rate. Are there any costs I'm missing, ...
1
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2answers
90 views

Is there an upper limit on the amount you can pay by cheque? (UK)

Just curious, assuming I have the necessary funds in an account, is there a hard limit (technical or regulatory) to the amount you can authorise to be paid with a single cheque issued by a UK Bank? ...
1
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2answers
31 views

UK Resident exploring freelance work for a Swiss Company

I'm not currently registered as self-employed but have been offered a work opportunity by a Swiss Company, working from my home in the UK, on an hourly rate. How can I work and pay my NI / Tax ...
0
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1answer
48 views

Immigrated from UK to US in 2015 ( DO I need to pay twice?)

A question regarding filing tax this year. I am a US green card holder. Until June 2015 I was working in the UK. I was on Work Visa. In June 2015 I immigrated to the US. Since then I work for a ...
1
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2answers
78 views

How do I close a bank account in the UK?

I have a savings account (ISA) and current account in the UK, from when I used to live there. I now live in the US. The current account has a small overdraft line of credit and the ISA has an annual ...
3
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1answer
59 views

Am I legally allowed to offset the tax I pay on freelance work? (UK)

I am currently employed full-time in the UK as a graphic designer, I have a salary of £30K, I have also registered myself as a sole trader as I occasionally take on freelance work in my spare time ...
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3answers
65 views

Calculator for fixed mortgage overpayment plus regular payment

In my personal budget, I allocate a fixed amount £x per month to mortgage repayments. This amount includes a sum which is going towards overpaying the mortgage so that I can get the thing over with as ...
3
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3answers
143 views

Retirement Options for Income

I am in the UK and hoping to retire in a few years. I am aware that pension rules have changed recently so an annuity is now not my main option for an income - due to my age annuity would only yield ...
0
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4answers
214 views

Can rent be added to your salary when applying for a mortgage?

I'm interested to know whether mortgages in the UK are ever given by taking into account any rent that the owner may acquire, rather than simply the owner's salary. My understanding of standard ...
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1answer
88 views

Can I find the name on this account [closed]

My wages got put in to the wrong account the company I worked for sent me the account number and sort code but I carnt find the name on the account is there any way of doing this
2
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3answers
258 views

Buying a property for 3 years and then selling

I have recently taken on a fixed-term contract for three years, which is giving me a salary significantly higher than I am used to. After the three years, however, it is very likely that my salary ...
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2answers
115 views

Paying off a mortgage early

I am thinking about buying a property with a mortgage in the UK, living in it for 3 years, and then selling it. This is because at that point, I will probably be moving out of the city I am currently ...
2
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1answer
78 views

What does 'Maximum load' usually mean when associated with a Bank account?

This Cashplus account has a maximum balance of £15000 and maximum load of £15000 - could you explain what maximum load means and what is the ...
0
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1answer
88 views

Transfering my wife's personal allowance - Zero tax?

According to my calculations, my annual income of 30k as a sole trader will be taxed at 0 pounds, but I'm wondering if this is wrong? 30,000 minus two personal allowance is 13,800 taxable income. ...
3
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2answers
90 views

Foreign tax credit relief UK. Tax paid or allowed by treaty?

I am registered with HMRC in the UK as a sole trader for the 2014/15 tax year. During that year I worked for a Japanese company as an employee in Japan for a few months. Looking at my payslips I have ...
4
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0answers
96 views

Historic variation in FTSE100 total market capitalization as a proportion of the FTSEAllShare total market cap?

Many years ago (in ~2000, give or take a year?) I remember seeing some discussions on The Motley Fool UK's forums about how much more diversification investing in an FTSE-AllShare tracker instead of ...
5
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2answers
108 views

Contracter with day job - limited company dividends

I currently have a 'day job' as a web designer. I am considering taking on some freelance work which I have been offered and this would be completed in evening/weekends whilst also retaining my day ...
1
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1answer
31 views

Steps and timing of the SEIS investment (in the UK)

All, Assume that I am considering to invest £10K under the SEIS (Seed Enterprise Investment Scheme), on a UK startup in Jan 2016. In this case, can someone please advise the steps required and the tax ...
9
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2answers
623 views

Ok to use U.S. Visa gift card internationally?

My daughter received a Visa gift card for Christmas that does not contain a chip. She wants to use it when she travels to the U.K. in April. Will it be accepted?
4
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3answers
72 views

Can I open a Help To Buy ISA if I've already opened a cash ISA this year? Are all HTB ISAs Cash ISAs?

Suppose I've opened a cash ISA this tax year, and I top it up every month. It's not yet reached the yearly maximum of £15,240. As I understand it, I can't open a second cash ISA this tax year, but I ...
4
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2answers
91 views

Tax situation for UK citizen working remotely in France but getting paid in GBP by a UK employer

I am a UK [and Australian] citizen. I have only lived in the UK for 9 months since Nov 2004. Apart from the 9 months in 2014, i have lived in the US for the last 7 years working for the same ...
3
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1answer
140 views

Why do UK banks require monthly “pay in” into current account?

Many UK banks require minimal monthly "pay in" (often 500-1500 GBP) to get interest rate payed on their current accounts. Sometimes there is a restriction that payment must come from another bank ...
7
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3answers
69 views

HSBC - Can I make international transfer in my account's currency

I was receiving payment from UK-based company. I asked them to send me money to my account overseas (not based in UK, but it's in GBP). Unfortunately, they've sent me EUR instead of GBP (despite the ...
6
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1answer
178 views

If I pay my partner an allowance, does she need to pay tax?

My partner is about to take a career break. We've got a lot of things like direct debits set up in her name which would be an effort to move, and I want her to have some cash to hand, so I'm planning ...
3
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2answers
55 views

Can I transfer money from a personal pension to a SIPP, while leaving the original pension open?

As is fairly common in the UK with small-ish companies, my work has an agreement with a large pension provider to offer personal pensions to all employees. If you choose to open and pay into that ...
0
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2answers
62 views

Does Capital Gain tax free amount include other earnings?

So I was looking at the amount of tax free earnings you can get from capital. This scenario is appreciation on a property selling of about £10,000. This, of course, comes (possibly) under the £11,100 ...
2
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0answers
37 views

Freelancer updating blog posts for my business website [closed]

I want to hire freelancer to write blog posts on my business website. In the eyes of the UK Tax rules would I class him a as a employee, if he writes blogs for me on regular basis? Or I can does ...
3
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0answers
55 views

Investing savings in the UK vs Australia

I have been living in Australia for 4 years now, and although I don't intend to live here forever, I will be here for the foreseeable future. I have savings in the UK and here in Australia, and am ...
2
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0answers
100 views

Extra salary against London costs?

Until now I have always worked near my home in the South of England, currently for a salary somewhere between 35 and £40k. There is the possibility of a move to London, for which the initial ...
0
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0answers
105 views

Help with completing W-8BEN form on iTunes connect

Hey guys there i was wondering if you’d be able to help me with filling in my tax information on itunes connect if anyone has experience in this? I’m currently from the UK and i’m student so i would ...
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1answer
89 views

Saving into 'Help to buy ISA(s)' with partner

My partner and I are planning to buy our first house in the next 2-3 years. This month the UK Government has opened up help to buy ISAs which give a 25% bonus on top of what you deposit in up to a ...
0
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3answers
73 views

Open a UK Bank Account with Tier 2 Work VISA

I will be moving to UK (Newcastle) in February 2016 with a Tier 2 Work VISA for 5 years. I want to open my bank account before or within the first month's work so that salary can be credited. I only ...
2
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1answer
56 views

UK income tax relief on pension contributions (higher rate)

My question is regarding UK tax relief on pensions, and there are a couple of questions. Say I earned £52,385, exactly £10k over the UK higher rate tax band of £42,385. My provider would usually claim ...
0
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0answers
79 views

International Stockbroker

I live in Australia, but have shares in the UK. I inherited the shares so have no experience in buying/selling. How do I find a stockbroker who could sell the shares for me? Edit: Copying the ...
0
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1answer
86 views

Applying for “Help to buy” ISA. Asks for TIN number. Should I worry? (UK)

I applied for a Halifax "Help to Buy" ISA (UK Government scheme). I was born in the USA (but have not been a resident since I was 4 years old, now 26 and my parents are British) so I entered that was ...
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1answer
70 views

UK tax self assessment:- how to report currency gains from between when a cheque is issued and cashed?

Can anyone tell me what should happen when a delay between foreign income arising and being converted into sterling results in an extra gain from the exchange rate? For example: A USD cheque is ...
4
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1answer
252 views

My girlfriend has never owned a house, I have, can she get a help to buy isa?

this is a follow on from my previous question: What is the definition of a “first time buyer” with relation to the UK “help to buy isa”? So the Help to buy ISA has arrived. Having had a read ...