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

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2
votes
2answers
85 views

How to withdraw money from currency account without having to lose so much to currency conversion?

I'm trying to withdraw some money from Barclays currency account, but I don't know how without losing so much on the unfair conversion rate. For example, I've found the following rates (as per ...
3
votes
0answers
15 views

Received Stock options as UK Employee, however exercised the stock as a Canadian Employee. What is my tax liability?

I work for a global company. As a UK resident, my company awarded me stock options & Restricted stock. The stocks is traded on the NYSE. I exercised the stock in Canada. I transferred to the ...
-1
votes
1answer
26 views

I'm working in London and I'm earning in GBP how can I transfer the money to India what taxes would be incurred

Kindly inform me how could I transfer the money from UK and I'm working there for 4 years and does it cost the tax and how much.
1
vote
1answer
50 views

What's the difference between “Index” and “Accumulation” tracker funds?

Here are two trackers running on the same index: http://www.morningstar.co.uk/uk/funds/snapshot/snapshot.aspx?id=F00000OOAW http://www.morningstar.co.uk/uk/funds/snapshot/snapshot.aspx?id=F00000OOAV ...
1
vote
1answer
96 views

Do I need to pay tax if I earned 10 pounds interest from peer-to-peer investment?

If I earned 10 pounds in tax year 2014/15, do I need to pay tax? I just started investing in Funding Circle, I earned few pounds. This just looks silly to pay tax from 10 pounds but maybe that ...
3
votes
2answers
654 views

United Kingdom: Where to save money for a property deposit

I'm currently 22, and I would like to buy a property at some point in 5-10 years, once I can afford the down payment (deposit). I live and work in London England, so for this example, assume my ...
3
votes
1answer
115 views

Buy to Let - Daughter-in-Law

My son and daughter-in-law are currently separated. They have 2 kids, and I have a great relationship with my daughter-in-law. I have had a relative die, and she is paying over the odds for rent, so I ...
1
vote
1answer
33 views

Buying a UK property but from another country

My sister in law is looking to buy a UK property as a holiday home, she lives in Norway, other than our normal buying costs, is there any other taxes or fees she has to pay as a non UK resident ?
-1
votes
1answer
64 views

Am I a tenant in common by mortgaging my share?

If I mortgage my share of the property and later pay off the mortgage, am I a joint tenant now or tenant in common?
1
vote
2answers
49 views

UK - reclaim VAT on purchases for freelance work

I have a small freelance income in addition to having a day job. It's enough that I need to file a tax return for the extra money that I earn. My freelance work necessitates a reasonable outlay in ...
1
vote
1answer
58 views

Personal bank account for non-resident in UK

I have just received a job offer in the UK (for a UK company) and i want to open a personal account with a UK bank to receive my salary and avoid international fees. I've read around the web about UK ...
1
vote
1answer
64 views

How should I decide in what order to sell shares from different lots?

I get a number of shares in the company for which I work every year, so I have a number of shares that had various values when I acquired them. When I sell a portion of my shares, I have various ...
2
votes
2answers
39 views

How can I diversify investments across currencies in ISA?

Is it possible to diversify investment in ISA by buying foreign currency, funds denominated in other currency than GBP, or other investment product that can hedge GBP value moves?
0
votes
0answers
27 views

UK taxation for options and futures trading

I live in UK and I see that there are 2 taxes when trading: CGT to be paid on capital gain and is 18% or 28% depending if you are basic tax payer or not income tax on any interest or dividend ...
0
votes
1answer
41 views

Investing in EIS and SEIS

Does anyone have experience with EIS or SEIS-qualifying investments? I know the principle , I've seen a lot of videos on YouTube but how does it work for real? for example: - I'm investing money on ...
1
vote
2answers
57 views

UK Income tax relief for ISAs: How does the sheltering of earnings work?

I have been led to believe that earnings may be 'sheltered' by placing some amount of them into an ISA. I've not been able to find a great deal out about this, and I don't have a personal accountant. ...
2
votes
2answers
116 views

Do I have to pay tax on my last pay check which is the first of the tax year?

I am leaving my job and permanently emigrating from UK to USA. My last pay check will be just after the new tax year in April. Due to some bonuses etc I've accumulated over the years but never cashed ...
7
votes
5answers
300 views

Investment Options for 14-year old?

I'm 14, and a relative has recently died, leaving me ~£4000 in their will. My parents have said they would recommend me investing it in Premium Bonds, but I was wondering if there were any investment ...
0
votes
0answers
44 views

Can my U.K. limited company buy real estate in an other country?

Can I invest in real estate in another country? What are the limits, the rules, the things to know...?
2
votes
2answers
566 views

Whats tips do you have for someone beginning to invest in property?

For a first time investor interested in investing in property, what are the options? Would they be better off buying their own home and holding it for capital growth, or a buy-to-let property they ...
0
votes
0answers
52 views

Investing in trust for someone else

Suppose I have a sum of money that I have invested in a bare trust for an under-18 year old child. I am not the parent of the child but I am a relative. As I understand it, it is my duty to: a) make ...
3
votes
1answer
61 views

As an investor, should I care about voting rights and pre-emption? (UK)

I am interested in investing some of my money in a few companies in exchange for equity. I am undecided if I should, for example, invest £5,000 in one company and have voting rights and pre-emption or ...
3
votes
5answers
248 views

How to increase my credit score

I have a bank account in UK since 9 months ago, and just have a debit card, didn't buy anything with credit before. I have a pay monthly mobile sim card, Today I went to buy a new mobile with pay ...
0
votes
0answers
35 views

In the UK, what counts as realised profits for dividend purposes?

I am a director/shareholder of a limited company. I would like to know which of the following assets count towards realised profits and are therefore available for distribution through dividends. I ...
0
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0answers
48 views

How can I fundraise in School?

Here are a few methods, but I need more. Crossbar challenge £1.50 pp Bake sale That's about all
0
votes
1answer
151 views

What are the pros/cons of these investment types?

My UK pension company allows me to make one-off online payments, and surprisingly I found out I can invest the money in any way I want. My options are as follows: International All Share ...
2
votes
1answer
129 views

Can my U.K. limited company lend money to a director or another person?

Can a limited company lend money to the director or another person? What are the limits, the rules, any minimum rate, the things to know...?
1
vote
1answer
65 views

Tax on irregular freelance work

February 2015. I currently have a pension of over £21K per annum but recently was asked to do freelance copy editing work for a publisher. Some three months later they have paid in full £3,267. ...
3
votes
1answer
49 views

What home expenses can I claim back from working full time at home for a business in the UK?

Our company is considering no longer having an office and making all the staff work from home. We all work primarily online running a website, so our work is done purely on a computer. With working ...
2
votes
0answers
46 views

Can my UK limited company claim tax relief on donations to foreign charities?

I'm English, and run a company that's based in the UK and registered with the UK Companies House. I want to donate some money to charity, but one of the charities I have in mind isn't based in the UK. ...
1
vote
1answer
68 views

Joint bank account and taxes in UK

I am working full time in UK and don't have any other jobs or money sources except this full time job. I have a bank account in HSBC UK. My wife is going to register as self employed (freelancer) here ...
8
votes
3answers
1k views

Are there contracts for fixed pay vs. fixed pay rates?

Are there any contracts that simply pay you when/if you finish a specific project with no mention of a fixed pay/hour? If so, does this mean you can get paid under minimum wage if you take too long to ...
0
votes
1answer
69 views

UK: How to *leave* self select stock and shares ISA (without selling the shares)?

I have decided I no longer wish to pick my own shares (too much effort) but want to keep those I already have in ISAs from previous years. Thus I think I need some kind of holding service for my ...
2
votes
3answers
375 views

Current Account Monthly Pay In

I've seen from a question here, along with some reading I've been doing on MSE that I can have multiple current accounts at the same time. What I'm trying to do now, is to work out if I can use this ...
2
votes
2answers
504 views

How can I buy an ETF?

I know an ETF that I would like to buy, but how do I actually invest in it? E.g. what are the steps I need to go through, which organisation to contact? Can I buy through a bank or do I need to ...
-1
votes
2answers
110 views

How do I buy and sell money as an investment online?

In the foreign exchange and money markets what are the commonest ways to trade in currency online? I'm based in the UK.
1
vote
1answer
76 views

How can I invest in Asian and African Markets?

With a great deal of growth happening in Asian and African markets, I would like to know what are the options for investing in these areas. I'm UK based.
0
votes
0answers
177 views

Can I buy my wife out of our house without affecting her benefits?

My wife and I separated and she moved out of our family home. She has not worked for the duration of our marriage as I had a good income and she looked after our young children. She has chosen a life ...
9
votes
7answers
623 views

What should a 21 year old do with £60,000 ($91,356 USD) inheritance?

I'm turning 21 years old soon and have an inheritance coming into my control to the value of approximately £60,000. I'm full-time employed, as a Software Developer in a Financial Services company. I ...
2
votes
1answer
42 views

Investing in a property fund vs a “feeder” fund

Legal & General operate a UK Property Fund. When searching for a place to invest in this fund, most websites offer a "feeder" fund instead, such as Charles Stanley. What is the difference between ...
4
votes
1answer
61 views

Best way to make most of savings with ISA and Offset mortgage

I currently have an offset mortgage and also ISA stocks and shares account. The mortgage is only small as the property wasn't expensive and I placed a large deposit (40% of property) down. I have ...
1
vote
0answers
75 views

Can I expense the rent for a three month contract abroad

I am a consultant living in UK using my own limited company. If I accept a contract to work in another European country, can I expense the rent I will have there?
1
vote
0answers
38 views

Most effective instant access savings for a child - UK

We have a maxed out stocks and shares ISA for our baby - what is the most effective non-term limited account that can be in her name? We're thinking it will be useful for birthday parties, clothes ...
2
votes
1answer
81 views

What happens with an accidental excess contribution to an ISA?

I handle joint internet banking for myself and my husband. Our online account happens to have been created using my husband's personal details. While logged in under this account (as usual) I ...
1
vote
1answer
58 views

UK Online Stock Tradiing for Beginner and Small Amounts? [closed]

I'm interested in experimenting with buying and selling stocks and shares online. I would like to start following share performance and studying financial markets in stocks. I've been reading the ...
3
votes
1answer
91 views

Should I update my address tied to an old bank account if I'm planning to move again in a couple of months?

I have just realised an old bank account of mine (overdrawn, making irregular payments to counter the interest while I focus on higher priority debts) still has my old address. It's been three years ...
1
vote
1answer
96 views

Applied for loans but chosen not to take them, will this look like I was refused?

So I applied for several loans to buy a car, trying to take advantage of the low interest rates at the moment. All of them came back with higher interest rates than were advertised. I've subsequently ...
2
votes
0answers
151 views

UK Tax: Filling in a HMRC P85 Form - Leaving the UK

I'm filling in the online P85 form as I recently moved back to Australia permanently but I'm but I'm stuck on two questions on page 2: I will not be receiving any income from the UK after I leave. ...
5
votes
1answer
95 views

How much hassle is it inheriting shares?

A UK-resident relative has died and left their estate to be divided between a few people. The executors are still drawing up a list of assets to file for probate, and they include some stock. I've ...
2
votes
1answer
37 views

Does NIC Class 4 contributions counts to your retirement pension?

When I pay more of 9% Class 4 NI, does it mean I will get more pension to my retirement pension as it accumulates? Or it doesn't make any difference to my future pension?