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

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1answer
161 views

How is tax attributed on a joint savings account?

My girlfriend and I may both use up our ISA allowances this year. We are currently saving for a deposit on a house, so we are considering opening a joint bank account. Next year, I will probably be ...
0
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1answer
411 views

VAT and duties payable when importing personal goods from Switzerland and the Channel Islands to the EU?

Switzerland is a pretty murky one: it's part of the Schengen zone (so there are no physical borders) but it's not part of the European Union Customs Union so you have to pay duties when exiting and ...
0
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0answers
94 views

Are there tax implication on buying US stock while on a job transfer?

I work for a startup company in San Francisco and will be transferring to our London Office in April. Right now, I have vested a little over half of my allotted shares with the company, but have yet ...
1
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3answers
951 views

What could a malicious party potentially achieve by having *just* a name, account number, and sort code?

There seem to be many conflicting points on this issue, most prominently this story published in the Daily Mail not so long ago , so I ask the nice community on stackexchange to shed (researched) ...
5
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1answer
264 views

Paying UK tax when working remote for a US company

I'm currently employed by a US company and I'm working remotely from the UK (I'm a UK resident). In my previous employment tax was deducted automatically from wage however tax isn't being deducted ...
4
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1answer
144 views

How does S&P schedule reviews of sovereign credit ratings?

It's not too hard to find current sovereign credit ratings, but I need more info. I believe that the major ratings agencies schedule reviews of different countries (or banks, etc.) so what I'd like ...
6
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1answer
323 views

What is the advantage to me in not paying off my debts?

I have some credit card debt that is currently on cards where there is 0% interest for periods of between 14-22 months. There was a transfer fee of around 2.9-3.5% for the balance from old cards. I ...
4
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1answer
478 views

Calculate 'Credit Score' from Experian statutory credit report?

I ordered a statutory credit report from Experian (UK) last week and it came today. I forgot that it doesn't include a one-off credit score with the report. Is it possible to calculate a credit ...
5
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1answer
170 views

Would extending my mortgage cause the terms to be re-negotiated?

I have a particularly good mortgage deal (lifetime tracker, base rate + 0.18% with a 2% collar). If I were to approach my mortgage lender and ask to extend the mortgage, to borrow more against the ...
2
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1answer
106 views

American (Private) Ankylosing Spondalytis Health insurance costs compared to the British NHS

I'm a sufferer of Ankylosing Spondalytis, and a resident of the UK - my health care is handled by the National Health Service (NHS). Now in the UK seems to be increasing move to privatise it's health ...
6
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1answer
679 views

Funds in closed bank account have gone to the government

My son was advised by his accountant to close his limited company and start a partnership instead. He did this but he was not told that he needed to clear the company bank account - he left this open ...
4
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1answer
513 views

Getting a USD cheque, without too many fees, and with a sensible exchange rate?

In order to exercise a stock option, I find myself needing a USD cheque. Annoyingly, it has to be a cheque and it has to be in USD, neither a GBP cheque nor a USD wire transfer are acceptable. (I've ...
5
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1answer
165 views

What is involved in becoming vat registered in the UK? any advice?

I'm a self employed web developer working in London, UK. Currently I'm not VAT registered but am approaching the current VAT threshold. I'm wondering if anyone knows what is involved in becoming VAT ...
3
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1answer
172 views

What is the difference between state pension plans and defined contribution plans?

Googling "State pension plan" I get the result as shown here: http://www.direct.gov.uk/en/Pensionsandretirementplanning/StatePension/index.htm. As described on the webpage, "Once you claim your State ...
4
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1answer
125 views

No Claims Discount

In the UK, if I am involved in an accident that is not my fault will I lose my No Claims Discount? If the No Claims Discount is protected, can I still move to another insurer?
3
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1answer
654 views

Can I make use of my wife's unused personal tax free allowance to reduce our income tax?

I'm working full time (UK) and my wife is unemployed. Is there a way (legal of course!) for us to take advantage of her personal tax free allowance? If we were each earning only half my salary, we ...
4
votes
1answer
81 views

As a Brit, how do I invest in US ETFs

Specifically, I'm interested in the Vanguard High Dividend Yield ETF. I actually live in China and don't plan on returning to the UK for the foreseeable future. Although I have some UK investments, ...
3
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2answers
87 views

Personal property insurance, without home insurance

I'm trying to insure an engagement ring, and have been advised to look into personal property insurance. However, these schemes all seem to be a bolt-on option to home insurance or home contents ...
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2answers
153 views

Budget planning for students

I hope this question is a good fit for the site. So, I have just been accepted at a university (UK) and being 18 I don't have much experience planning budgets and certainly not for anything longer ...
2
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1answer
444 views

UK: Is there a difference between Renter's, Tenant's and Contents Insurance?

I'm in the UK, needing to get some insurance for my possessions, and I'm getting confused by the terminology in trying to do so. When I search for tenant's insurance or renter's insurance, I can ...
4
votes
1answer
415 views

How do I compare contract hourly rates with permanent/employed yearly rates, (in UK)

I am thinking of contracting, but do not know how to compare contract (inside and outside IR35) with permanent rates, within the United Kingdom (specifically England). So far I have considered: That ...
2
votes
1answer
651 views

Why might I be declined when opening a new current account?

I just attempted to open a new current account and was declined. I apparently have to wait to receive the details as to why by post. What are the possible reasons for this to happen? I am a recent ...
3
votes
1answer
783 views

Can someone explain how government bonds work?

Can someone explain, for irresponsible investors, the maths behind government bonds as presented here? I am assuming that the "coupon" is the yearly interest paid on the original price. Since this ...
2
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2answers
1k views

What is the dividend tax rate for UK stock

I had purchased some UK stocks from London Stock Exchange. May I know, what is the dividend tax rate by UK government for UK stocks, on foreign investor (I am from Malaysia)?
2
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2answers
188 views

Sage Instant Accounts or Quickbooks?

I am a small business, single employee IT contractor looking for accounting software to do my annual returns and vat returns in the UK. I've researched a bit about QuickBooks and Sage Instant ...
8
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1answer
458 views

Does a US citizen freelancing for a US company while resident in the UK have to declare this for UK tax?

I am a US citizen living and working in the UK on a spousal visa. (My husband is British.) I've got the opportunity to do some freelance work for a US company on top of my full-time job, getting paid ...
8
votes
2answers
199 views

Total fees for buying a house in the U.K.?

I'm thinking about buying a house in the UK (England). It will cost a max of £120,000 GBP. As an estimate, how much will all the fees total to, when put together? And apparently for houses less ...
5
votes
5answers
743 views

How can I get a mortgage I can't afford?

There is a house that we are really keen on buying. So, I went along to a mortgage advisor who did some quick checks and he came to the conclusion that the house was about £10k more than any mortgage ...
10
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1answer
2k views

Can I get a mortgage if I'm employed by my own company, rather than self employed?

My partner and I are looking to buy a house as soon as possible (i.e., the second we have the deposit in the next 3-4 months). My partner is currently in full time work but we want to focus on our own ...
-3
votes
1answer
161 views

Is it possible to pay contracts using gold in the UK using legal tender gold coins?

I have looked around for this for ages and for obvious reasons, would be a very efficient means of paying bills without HMRC taking a cut (as long as I can't be attacked for Tax evasion). I have seen ...
2
votes
2answers
310 views

Are company dividend reinvestment plans (DRIP) limited to US citizens?

Im moving to the states in 5 months but would like to start investing in US companies, namely through dividend reinvestment schemes. Are these limited to US citizens or can I start investing from ...
4
votes
1answer
178 views

How do I evaluate risk exposure to my U.K. bank in light of the possible collapse of the Euro or Eurozone economies?

I understand there are concerns about runs on banks in Eurozone countries like Greece and Spain. Should this happen, it might put pressure on banks elsewhere. How can I evaluate the risk exposure of ...
1
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1answer
943 views

Where to find a list of online U.K. stock brokers that permit trading in U.S. stock markets?

I am currently a beginner investor, in the U.K., and I would like to know what are the best online international stock brokers. That is, I wish to trade stocks that are listed on U.S. stock exchanges. ...
1
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6answers
2k views

Is there a free, online stock screener for UK stocks?

Does anyone know if there is a free online Stock Screener for UK stocks, especially for the companies in the FTSE100? I'm looking for something similar to the Stock Screener created by Google ...
2
votes
1answer
204 views

As a contractor - my right to substitution with IR35

Looking at IR 35 compliance : http://www.contracteye.co.uk/ir35_compliance_overview.shtml Substitution An important IR35 factor, you should ensure that your contract allows you to provide ...
2
votes
1answer
83 views

Cashing in a Self Selected Stocks & Shares ISA

If I wanted to cash in my ISA today, what taxes would I have to pay and what percentages would they be? I think that if the value of the ISA is about £10,600, only then would I have to pay capital ...
9
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3answers
406 views

How should we deal with money during my spouse's maternity leave?

I recently realised that my partner is more anxious than I suspected about what we're going to do about money. Principally, she feels guilty for spending money on herself, and is worried about the ...
0
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1answer
58 views

UK Stocks & Shares ISA - Annual maintenance charge

I've been thinking about starting a UK Stocks & Shares based ISA. I am planning on using my Banking company to start the ISA with. I understand that they have a 2% annual maintenance charge for ...
3
votes
1answer
745 views

Mortgage implications if I were to quit my job shortly after being approved?

I'm in a situation where I'm building my business around a regular job. As it stands the max I can borrow is about £46,000 (damn UK, I earn half of that/year!), based on my current salary. I would ...
4
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1answer
132 views

Working out if I should be registered as self-employed in the UK

I have spent the past few evenings trying to work out what is the correct thing to do with regards to taxation in the UK for my set of circumstances. 9-5 I work for a company and am on PAYE. 5-9 I ...
1
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2answers
290 views

Online transaction - Money taken out late

I recently made a transaction online using my UK current account Debit Card (maestro). Essentially I deposited money into my online account, which can the be used to play games. The website informed ...
2
votes
6answers
339 views

Investement for beginners in the United Kingdom

Apologies if this question has been asked elsewhere. I live in the UK and earn a decent salary. I have never invested in shares or stocks, or bought a government bond. But I have recently started ...
2
votes
1answer
95 views

Is it preferable to move emergency savings/retirement into offset mortgage?

I have some savings in an easy access stocks & shares ISA. I view this as long-term savings/emergency money. Is it preferable to leave the money in there or is it better to transfer that across ...
3
votes
2answers
232 views

Going carless: how long before insurance no-claims benefits and good history become invalid should wish to become a car owner in future?

Going carless: how long before car insurance no-claims benefits and good history become invalid should wish to become a car owner in future? Update: Based in UK, would keep license. Reason for going ...
1
vote
2answers
598 views

PCP or Bank Loan for Car Purchase?

I'm trying to figure out the best way to pay for a car we're about to purchase. I had a figure in mind of between £6-7k when looking at cars, so I also knew I wanted to pay around £200-£240 per month ...
2
votes
1answer
152 views

How will I be repaid my income tax allowance after paying full tax

I have been paying full income tax since the start of my first job in September 2011. The personal allowance for the year 2011-2012 is £7475. Will I receive a cheque from HMRC for the amount I have ...
3
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3answers
558 views

Bank statements - should I retain hardcopies for tax or other official purposes (or keep digital scanned copies)?

Should I retain bank statements hardcopies for tax or other official purposes? Or are scanned digital copies valid in such circumstances? I am a salaried employee with no other income and fairly ...
1
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1answer
66 views

Are England exchange rates & import prices based on the Bank of England interest rate?

Are England exchange rates and import prices based on the Bank of England base/interest rate? Basically, I just wanted to know how and if import prices and/or exchange rates in England have the Bank ...
3
votes
2answers
283 views

What tax can I expect on US stocks in a UK ISA?

What are the tax implications of holding US stocks in a UK self-select trading ISA? Ordinarily I'd expect the UK-US tax treaty to cover any taxation issues, so that I'd pay the UK rates of tax. But ...
1
vote
2answers
166 views

Cheap SIPP providers in the UK

What are cheap SIPP providers in the UK? I would be saving around £333 each month in a SIPP starting from zero (all my previous pension contributions are in an employer-organizaed group pension plan). ...