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

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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 ...
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0answers
34 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 ...
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3answers
120 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 ...
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0answers
78 views

Who Owns the House? [on hold]

Due to some familial discord, my friend's parents have taken their 4 children and moved out of the house where they previously lived with the father's parents. Whilst the property is under the name of ...
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29 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 ...
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39 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
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1answer
136 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 ...
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1answer
99 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...?
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1answer
59 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. ...
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1answer
40 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 ...
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0answers
25 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. ...
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1answer
59 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 ...
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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 ...
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18 views

Transferring money back to UK from India

I am an Indian citizen who has been working in the UK for the last few years. During that period I transferred money to India; some was invested in real property and some was left as cash in a ...
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1answer
66 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
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3answers
363 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 ...
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2answers
496 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 ...
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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.
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1answer
74 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.
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150 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 ...
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7answers
550 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
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1answer
41 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 ...
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1answer
54 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 ...
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0answers
74 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?
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0answers
37 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
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1answer
76 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 ...
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1answer
56 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 ...
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1answer
79 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 ...
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1answer
89 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
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0answers
118 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. ...
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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
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1answer
36 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?
2
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1answer
102 views

Claiming car as a business expense in the UK

I am filing my tax return as a self-employed in the UK and would like to claim my car as a business expense. I have read the "Rates for cars" section of this website: ...
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2answers
165 views

My wife and I own two cars. Which of us need to be insured on each?

We have two cars; one is a 14 plate Skoda estate lease car. The terms of the lease say I need to have fully-comprehensive insurance. We also have an old W-reg Renault for my wife, with me as the ...
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1answer
40 views

Permanent resident filing taxes from a UK employer

I am a US permanent resident with a UK employer. My employer tells me they do not issue W2 forms to staff outside UK. What do I do? Is there some other form I should be filling for my taxes?
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1answer
190 views

Shopping around for loans without detrimentally effecting credit rating/chance of getting said loan?

I've found myself stuck in a quandary. I put a deposit down on a car and I'm trying to obtain a personal loan based on this. The problem is that I'm finding that despite passing all initial checks ...
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1answer
143 views

What I can do to offset a bad fixed-rate mortgage?

My mortgage came up for renewal right at the time in 2009 when UK interest rates hit rock bottom. This was unprecidented, and most financial advice was to take out a fixed-rate mortgage. So I perhaps ...
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0answers
25 views

How to pay when merchant only accepts UK creditcards? [duplicate]

I'd like to buy something at a site that only accepts UK credit cards. I'm situated outside the UK and I don't have such card. I've asked about this before, but unfortunately that question was put ...
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1answer
43 views

Understanding payment options with NS&I Bonds

So, just like many, my parents want to invest in: http://www.nsandi.com/65-guaranteed-growth-bonds?ccd=NALBAA since they are supposed to be quite good however, there is a genuine fear that the money ...
2
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3answers
129 views

Issue with mortgage valuation on new build property

I have a friend who recently put a deposit down on a new-build flat in a large new development in Scotland, it's priced at £150,000. He's paid the reservation fee, and been approved for the mortgage ...
2
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2answers
114 views

Is it possible to get a Visa or Mastercard Gift Card in the US and use it to buy UK products that require a UK billing address?

Is it possible to get a Visa or Mastercard Gift Card in the US and use it to buy UK products/services (online) that require a UK billing address? I know that in the US, I can buy something like that ...
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1answer
50 views

Is it possible to get a UK visa gift card while in the US?

Is it possible to get a UK visa gift card while in the US? For instance, is there a place to purchase a UK visa gift card while still residing in the states and get it sent to me before leaving?
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1answer
116 views

Can I sell shares with old-fashioned paper certificates online?

I have the paper certificates in my name, of some ordinary shares that were bought in 2009 in the UK. Can I sell them online?
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1answer
131 views

In what order should I save?

I see the advice for managing finances in the US talking about financing a pension up to employer match, then do the next thing, then the next and so on. However, I'm in the UK, and I'd quite like a ...
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1answer
1k views

How do I close a bank account that I no longer have any information for?

There is a Barclays bank account in my name that is overdrawn that I haven't touched in about 5 years. I went to the bank with my passport, and they said that it wasn't coming up on the system with ...
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3answers
123 views

Are there online brokers in the UK which don't require margin account?

To my surprise, it was extremely difficult to find an online Platform that offers the option to trade/invest in STOCKS with a 1:1 leverage, in other terms, purely my own money, no margin. I've ...
2
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0answers
149 views

A second income as a couple

I work a regular 9-5 job earning a decent wage. My wife works one or 2 days during the week and gets a varying, low wage. I've started selling items in my spare time and it's gotten to the point ...
2
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2answers
153 views

Privacy Concerns For Self Employment Taxes

I'm a UK based freelance website developer, registered as self employed and trading under my own name. I have to be honest that things haven't been going all that well recently so I'm turning my ...
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1answer
60 views

What are the tax implications on selling the Share ISA portfolio?

I am new to Stock and Share ISA investing. I am planning to make use of the New ISA limit of £15000 from this year. I am aware that the profit or loss made out of Share ISA is tax free. Does this ...
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2answers
67 views

Sole Trader or LTD, buy personal house and work from home

As Sole Trader or Limited you can claim a partial rate of your rent if the house where you live is used for business purpose. As usual everything has to be reasonable and calculated pro rata on time ...