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

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2
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1answer
170 views

How is income from surveys taxed in the UK?

I'm considering doing online surveys from companies such as YouGov, that pay you for each survey you complete, but I would like to know more about how taxes work, so I've got a few questions. Are ...
4
votes
2answers
280 views

do I need to close my existing ISA if I plan to open a “Help to buy ISA” in the Autumn?

I currently have a cash ISA. I'm very interested in the new Help to buy ISAs that are supposed to be arriving in the Autumn as I am saving in my existing ISA for a house. The interest rates are much, ...
6
votes
2answers
93 views

Student Loan versus Cash ISA

I have taken out a UK student loan several years back whilst studying, it was interest free at the time, but now a low interest of 1.5% APR has kicked in. I have scraped together enough to pay this ...
1
vote
0answers
28 views

Is there any possibility of doing an equity release deal on a property you don't (currently) own?

There are various equity release schemes to let you release some of the tied-up value in a property you own, see eg. http://www.equityreleasecouncil.com/faqs/ Is it ever possible to jointly purchase ...
2
votes
2answers
90 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 ...
2
votes
2answers
42 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?
1
vote
1answer
61 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 ...
3
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0answers
18 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
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1answer
28 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
109 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 ...
1
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1answer
58 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 ...
3
votes
2answers
656 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 ...
2
votes
1answer
98 views

How can I sell INTEL covered calls?

As shown in this picture, how do I execute the strategy highlighted in yellow? I am based in the UK. Source: http://seekingalpha.com/article/274231-intel-dividend-champion-in-the-making (10/6/11)
3
votes
1answer
117 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 ...
3
votes
5answers
453 views

As a contractor, should I overpay my mortgage or contribute to a pension?

My specific situation is:- Early 30s Software contractor via a ltd company Resident in Scotland Higher-rate taxpayer Mortgage at ~5% (variable 4.5% above BoE), LTV about 75%. I'm allowed to overpay ...
1
vote
2answers
51 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
34 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 ?
4
votes
3answers
466 views

Work on the side for my wife's company

I have a job in the UK where I am in the 40% tax band. I have the opportunity do some freelance work (web site building) in my spare time. My wife does not work. Could I set my wife up as a sole ...
-1
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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
1answer
66 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 ...
1
vote
1answer
113 views

UK Citizen, Japanese Resident - where do I pay tax for royalties paid to UK bank?

I am self employed, work and reside in Japan. Most of my income gets paid vis PayPal or directly to my Japanese bank account. The exception is my Amazon royalties that can't be paid into a Japanese ...
0
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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 ...
3
votes
5answers
250 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
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 ...
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 ...
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. ...
7
votes
5answers
302 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
1answer
136 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?
2
votes
2answers
492 views

[UK] What are the consequences of transferring ownership (not selling) a vehicle on tax, licensing and future resale value?

Many cities in the UK won't sell more than one parking permit per person. I didn't realise this when buying a second car and now need to transfer one of them into my wife's name (who uses one of the ...
0
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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...?
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 ...
2
votes
2answers
569 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
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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 ...
0
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0answers
36 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 ...
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 ...
0
votes
1answer
152 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 ...
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
-1
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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.
2
votes
1answer
132 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...?
3
votes
2answers
129 views

Tax Self Assessment for (UK) Employees

I have a job with a company but rather than paying me through the PAYE system they want me to provide them invoices for my hours and then I am paid directly. I have a couple of questions about this. ...
1
vote
1answer
67 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
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0answers
49 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
70 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 ...
2
votes
0answers
157 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. ...
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?
0
votes
1answer
72 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 ...
1
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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.
2
votes
2answers
506 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 ...