Questions tagged [gbp-british-pound]
This tag is to be used for any question related to British pound (GBP) currency.
33
questions
3
votes
1
answer
758
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Received more net pay than it states on my payslips, no visible deductions sent to HMRC on the extra income I received - what to do?
I started a new job on the 26th of September, 2022 for an annual salary of £55,000.
Working 09:00 - 17:30, 5 days a week.
My monthly gross salary is: £4,583.33
I have a student loan, repayment plan 2.
...
- 89
1
vote
0
answers
217
views
SEPA credit transfer from EUR to GBP. What happens? Should there be fees?
All my bank accounts are in EUR (I am German) and I needed to transfer 100£ (GBP) to a british bank account to pay a reservation fee. I was provided with an IBAN to that account.
I then converted from ...
- 111
0
votes
1
answer
210
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How should money sitting idle in a bank account be invested? [duplicate]
I've been working for a couple of years still living in my parents home with no outgoings, meaning all my money goes straight to the bank. I've saved around £30'000+ but I'm unhappy with money sitting ...
-1
votes
1
answer
152
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If you want to buy a house but you also think value will drop… is there something you can do to alleviate the risk?
Disclaimer: yours won't be fiscal advice. People involved will consult a professional before doing anything. This is just to gather some preliminary information.
Situation:
you want to buy a house ...
- 193
1
vote
1
answer
150
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About exchanging foreign currency
I have a friend in London and she has sent me a parcel with 9000 GBP in cash. How can I exchange it for rupees in India?
- 11
2
votes
2
answers
245
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Why is British Pound months before Brexit is going up against both U.S Dollar and the Euro?
The way I understand economics is that price of the currency represents the strength of one economy against the other, especially in the long term.
Concensus being that Brexit is not going to help ...
1
vote
1
answer
142
views
How to account for transferring money from a USD account to a GBP account?
I am using ZipBooks online software for my bookkeeping, however I do not know how to approach the following situation.
I have 2 bank accounts; one in USD, the other in GBP, and I am transferring $...
- 11
1
vote
1
answer
143
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Converting British Pounds to USD or AUD [closed]
Given the current state of the economy and the future out look, what would be the best option for someone who has to move pounds to either AUD or USD? What would be the advantages or disadvantages of ...
- 11
2
votes
1
answer
164
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Can I use a third party to exchange USD before it goes into my UK account?
I live in the UK and have a UK individual (not business) bank account only. I have done some remote work for a client in the USA and I have already agreed to their terms before work started which ...
- 121
0
votes
1
answer
76
views
What to change into GBP? [closed]
I'll be in Scotland for one day and I will need to buy ticket for the bus.
I have
American Visa travel credit card,
american debit card,
euro,
and dollars.
Which one is better to use to change ...
4
votes
2
answers
896
views
GBP savings, what to do with them if leaving the U.K. in about 2 years time?
I am EU citizen living in U.K. and with some savings into a U.K. bank account.
I am planning to leave UK in about 2 years time,
I don't need the savings right now,
the savings give me on average a 3% ...
- 141
1
vote
3
answers
5k
views
Can we open a bank account in GBP in Pakistan?
Can we open a bank account in GBP in Pakistan, I am thinking about taking 14K in GBP with me to Pakistan while flying there.
I would like to buy a house for one of my relatives but if my plan changed ...
- 49
5
votes
3
answers
356
views
Returning to the UK after working in Switzerland, What to do with my Swiss Francs?
I'm in a situation where I have around 20k CHF. I'm wondering whether to invest the money before returning to the UK, or just exchange it for GBP.
I have no immediate plans for the money and will ...
user13894
2
votes
2
answers
235
views
Dealing with savings in British Pounds
I've been living in the UK for the last 3 years and have just moved back to my home country of Germany. During my time in the UK I accumulated some money in a savings account.
With the Brexit ...
2
votes
1
answer
366
views
How to invest my British pound salary
For the last several years I've been working in the US and investing my dollar salary in a classic boglehead-style three-fund Vanguard portfolio. I've been really happy with this setup. This year I ...
- 123
2
votes
4
answers
768
views
Is buying foreign currency(specifically Pounds) a good saving/investment strategy? If so(or not) why?
As stated in the question. If i buy small amounts of Pounds consistently on a monthly basis, could that be considered a good way of saving with the obvious goal of ending up with more than what i ...
- 21
1
vote
3
answers
965
views
Exchanging GBP to EUR [closed]
I am 21, live in UK, and have an unwanted property in Spain which I am paying a mortgage on. Sadly I cannot sell the property.
Roughly every year I exchange into Euros over £10,000 for the mortgage, ...
- 209
4
votes
1
answer
2k
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 employer....
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3
votes
1
answer
573
views
How do I best time my currency conversions between Australia, New Zealand, and Great Britain?
I have over AU$20,000 in savings in an Australian bank account, currently earning me 1.75%.
I am now living in NZ where my savings account earns 3.75%.
In about a year I will be transferring the ...
- 31
4
votes
1
answer
3k
views
Obtaining Pound Sterling Cheque in US to pay for family history records from England?
When ordering various family history records from England, payment often must be in the form of a pound sterling cheque.
How do I obtain a pound sterling cheque while living in the United States?
John Doe
3
votes
1
answer
139
views
Should I avoid month-end for my foreign salary payments?
I get paid from South Africa into the UK and get to choose which day of the month I want to be paid.
I was wondering whether avoiding month-end might give me a better chance of getting a better rate (...
- 133
1
vote
1
answer
5k
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I want to exchange UK Pound for Indian Rupee [closed]
I have a friend in London, recently he has sent a parcel for me including some pound (England Currency ) in that parcel, now how can I exchange it into Indian Rupee ??
2
votes
1
answer
799
views
UK Income Tax on rental income from property
My wife and I have a buy-to-let property held jointly. My understanding is that the profit from rental of this property should be split 50/50 for the purposes of income tax. If the profit per person ...
- 123
1
vote
1
answer
106
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Currency forecasts for ordinary people
I'm in a situation where I earn money in one country and have debts in another, and/or intend to relocate there eventually. Thus, at some point I'll have to transfer my earnings to another currency. I ...
- 11
2
votes
3
answers
7k
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How to know when to buy british pound
I will have to pay a tuition fee of 6000 British Pound by the end of August and I own Euros.
How can I decide if I should convert my currency now or if I should wait a few months. I have absolutely no ...
- 187
8
votes
2
answers
214
views
Earning in a declining currency but foreign currency liabilities, what strategy assuming exchange rates continue to decline?
I earn in euros, but have sterling and dollar liabilities that need to be paid monthly. Assuming the euro will continue to decline against these currencies, is there anything I can do to protect or ...
- 316
0
votes
2
answers
299
views
Using a FOREX platform to actually change money [closed]
Does anyone know of a FOREX trading platform, on which both GBP and EUR are traded and which allows withdrawals in a different currency from the original deposit?
(Just found out forex.com only ...
- 3
1
vote
2
answers
447
views
What is the most efficient way to transfer money from the UK to a US account also in my name? [closed]
I am leaving for the states in around a months time and upon arrival I will be opening a US account. I'm a student and so will be sending around £2,500 each term to the US account from funds that are ...
- 113
2
votes
3
answers
8k
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Why are prices in EUR for consumer items often the same number as original USD price, but the GBP price applies the actual exchange rate?
Since my store started accepting EUR payments in 2002 I often see the numerically same EUR price as the original USD price.
Many international suppliers, stores, e-shops offer the same items in US ...
5
votes
2
answers
345
views
Money transfer to the U.K [closed]
Has anyone used a peer-to-peer option for sending money abroad? I pay a mortgage in the U.K. and am looking at the likes of CurrencyFair or Transferwise to exchange my Euro. Are there any hidden ...
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4
votes
1
answer
235
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Prepaid travel credit cards: Is there a low-cost card supporting top-up in multiple currencies, without conversion fees?
With reference to the CantonFX cards http://www.caxtonfxcard.com/cards_description.asp
Which card do I use if I need to use multiple currencies at the lowest cost & I only want to carry one card? ...
user2654
1
vote
2
answers
2k
views
What is the most efficient way to pay a student loan in the US from the UK?
The loan is in the United States and can only be paid using direct debit from a US bank account which is already established. However, all earnings are in GBP in the UK. What is the most efficient way ...
- 111
4
votes
1
answer
319
views
Should I change money from Euros (EUR) to Sterling (GBP) before I go away near the end of the year?
I 'have a friend' who is going away traveling towards the end of the year. She has a few thousand Euros which she is going to spend whilst she is away and was asking if she should keep it in Euros or ...
- 161