We changed our privacy policy. Read more.

Questions tagged [united-kingdom]

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

Filter by
Sorted by
Tagged with
0
votes
1answer
39 views

The "meaning" of reduction of the asking price for a flat and its consequences

I found a flat (say in London) that was advertised a month ago and whose asking price was reduced by 5% yesterday from 500K to 475K. Suppose I make an offer of 450K, i.e. I reduce the price by further ...
0
votes
1answer
144 views

Someone tries to use cancelled card

In the UK, a debit card is stolen and the card's owner cancels the card. The thief tries to use the card for a contactless payment, but it is declined. Would the bank have a record of this? Would ...
1
vote
1answer
51 views

UK tax implications on money in home country

my situation is as follows. I have been living and earning in the UK for 3 years. I have savings and investments in my home country that I wish to liquidate and pull to the UK, as I am looking to ...
4
votes
2answers
144 views

In layman's terms, what happens to the average Joe, in a "bank bail-in"?

I've come across some scare stories that a "bail-in", being the opposite of a bail-out, is where a bank uses deposits to restructure their capital, and that the average Joe with savings ...
0
votes
0answers
62 views

Moving from UK to US - any financial tips and tricks? [closed]

I've been a UK resident (London) for the past 7 years and will be potentially moving to the US (New York) in the nearby future. If anyone has any tips and tricks to share on how to make this process ...
9
votes
3answers
329 views

The correct order of investing - UK edition

This excellent question asks what the consensus priority order of investments should be. The answers seem to have settled on roughly the following: Emergency fund. 401(k) up to employer match. Pays ...
0
votes
1answer
116 views

Can an agent misinform me about the offers that he has?

An agent has shown to me a flat in London with asking price £450K. I like the flat and I am thinking about an offer that I can make. The agent (from Foxtons) told me that the owner was receiving ...
0
votes
1answer
53 views

Do I charge vat on work i did before being VAT registered that has only just been invoiced?

Before my VAT registration date I submitted various quotes, won the jobs and almost completed all of the work. (They are non VAT registered people that I have done the work for.) Now I have my vat ...
2
votes
2answers
357 views

Mother using my details and committing fraud

I’ve lived with my single mother all my life in the UK. My bank accounts and all details, electoral etc are at the same address I’ve lived my entire life with her at. Growing up, whenever we (my ...
0
votes
0answers
61 views

Company owners gift to ex-employee [duplicate]

The boss of the company (not based in the UK) I used to work earlier, has sold his company. He is giving a cash gift to certain ex-employees which he intends to transfer from his personal account. He ...
2
votes
0answers
50 views

Stamp duty on UK share purchases made by non-UK residents

I am a UK ex-pat living in the EU and have recently bought shares in two different UK companies using an EU-based broker. Following the transactions I was surprised to find that there was no stamp ...
1
vote
0answers
34 views

Brokerage Account and Non-Domiciled Status in UK

I have recently moved to the UK and want to move my IBKR Ireland account that was linked to my previous French residence status. The UK allows those with non-UK domicile to keep their worldwide income ...
4
votes
2answers
4k views

How legal is raising money and then selling off IP?

I'm trying to understand the details behind private equity investment and especially seed/pre-seed rounds. I am based in the UK, so the laws can be different elsewhere, but I would love to hear ...
1
vote
0answers
90 views

Can Salary Sacrifice be used to buy, not lease, a car in the UK?

I'm interested in buying an electric car and I'm aware that salary sacrifice can be used to lease one with tax benefits. I don't like leasing cars as I like to keep them for a long time. I can't ...
2
votes
0answers
72 views

Consolidate wealth management / advisors or use multiple?

About 10 years ago, my parents organised a joint account with a financial advisor for me and my sisters, and it was seeded with a lump sum that we all inherited. The advisor is a large "wealth/...
0
votes
1answer
43 views

UK - RSU Capital Loss (/Gain) on vest?

Say I had 100 RSUs granted, and when vesting shares trade at $10. My employer will aim to withhold 54.59% to cover income tax/employee NIC/employer NIC. The following day, when my employer actually ...
1
vote
1answer
118 views

Starting to save late but expecting a £20k windfall - should I catch up my pension or put it towards a deposit?

I'm in my late 20s, working in London with a cheap living situation but no pension and limited savings. I'm now in a position to start saving but am unsure whether to catch-up on my pension savings (...
0
votes
1answer
73 views

Import Duty from Holland to UK For a Card Game

I want to buy a card game (about 1000 cards or more) in one box from Holland. It is not a normal deck of cards, it is a game a bit like Magic, but not Magic. It is not boosters, or anything like that. ...
4
votes
3answers
1k views

UK capital gains tax when I give asset to partner

I'm in the UK. My partner and I aren't married, and we live in separate houses. I'm in the higher tax bracket and he's in the normal bracket. I have a bunch of cryptocurrency, and I'd like to use it ...
1
vote
2answers
154 views

Starting investing in the UK or German stock market?

I am a German citizen but living and working in the UK. Starting my new job came with a higher financial benefit and stock options. I have never invested before but also don't want to waste this ...
2
votes
1answer
69 views

Easiest way to find pension contributions from previous years?

I've received a letter from my pension provider that I've gone over the annual allowance for pension contributions this year. According to HMRC, I can carry over unused allowance for the past 3 years, ...
4
votes
1answer
337 views

Am I legally bound to pay an unexplained bill?

I live in the UK and I recently switched suppliers from E.ON to E.ON Next. I didn't even realise this was a switch, I intentionally didn't switch to a new company so that my smart metre would still ...
1
vote
1answer
47 views

Can I make use of my wife's Capital Gains Tax Allowance for gains under an EMI Share Option scheme?

My employer has granted me a number of share options under an EMI scheme. They also partnered with their brokers to allow us to exercise these options without needing to put up-front capital in to ...
1
vote
2answers
84 views

Starting as a sole trader under pre-settled status

I've been in the UK for the past 4 years and I have a pre-settled status. I am currently an employee but I'm considering switching to freelancing/sole-trading to start working with a company abroad. ...
1
vote
0answers
112 views

Can Salary sacrifice be used for Environmental projects

I am looking into my company's response to sustainability demands. Amongst many other ideas, it was suggested that the company help with funding employees' environmental projects. These could range ...
0
votes
0answers
33 views

Dynamic/long-term flexibility of the profit sharing ratio for partnerships?

A partnership agreement sets out the profit sharing ratio. In practice, can this be adjusted on a changing basis, from one financial period to the next? An example might be a partnership providing ...
2
votes
2answers
150 views

UK: Can we apply for a new mortgage with the same lender if we already have an offer that we did not accept yet?

My wife and I want to buy a house and we have a mortgage offer from a lender since 4 month ago, that we didn't accept yet due to sellers taking longer than expected to sort things out. Since they gave ...
4
votes
2answers
249 views

International bank transfer on behalf of someone else

A close family member wants to transfer money from the UK to their personal account in Brazil using BB Remessa. Since they have reached their personal transaction limits, they have asked me to sign up ...
1
vote
1answer
155 views

Filling out HMRC starter checklist while being self-employed

I'm self employed and starting a full time job soon. When I'm filling out the HMRC starter checklist, do I select option A, B, or C, considering I'll be continuing some of my freelance work? *A – This ...
3
votes
1answer
92 views

What can I hold within a UK Stocks & Shares ISA?

I hold a S&S ISA and understand the principles of trading quite well, but beyond single stocks I don't really understand what can and cannot be held within this vehicle... funds, bonds, equities, ...
3
votes
2answers
379 views

Job offer severance pay negotiations

I am based in the UK. I am aware that as part of taking a new job in the US, they negotiate severance; i.e. if they are let go for any reason other than performance they get a greater lump sum. ...
1
vote
1answer
167 views

How can banks make profit from mortgages with interest rate 1.29%?

At the current moment HSBC is proposing mortgages with interest rate 1.29% fixed for 5 years for 75% LTV: https://www.hsbc.co.uk/mortgages/our-rates/#tab-panel-tab_1539213631 I wonder what is the ...
0
votes
1answer
72 views

What is "Boeing Co. Com Stk USD5 (CDI)"?

I noticed this security on the London Stock Exchange: Boeing Co. Com Stk USD5 (CDI) (ticker: BOE). What is it exactly? There's "CDI" in its name, so it is a CREST Depository Interest. The ...
11
votes
1answer
949 views

What is CGT rate if you have no taxable income?

gov.uk lists 4 tax bands: personal allowance basic rate higher rate additional rate On its capital gains tax rate page, it explains the rates for: "higher or additional rate taxpayer"; ...
6
votes
3answers
322 views

What is the meaning of ticker symbols that start with 0 (zero) on the London Stock Exchange?

On the London Stock Exchange, I noticed that the ticker for the Vanguard FTSE All-World ex-US ETF is 0LMO. Searching further, I noticed that many other Vanguard ETFs also have tickers that start with &...
0
votes
1answer
73 views

Claim money from unused health insurance (set by employer)

Is it possible to claim unused health insurance money after you leave a company? It is basically unused group health in the United Kingdom (England). The health insurance was set by the employer where ...
36
votes
11answers
7k views

Bill payee can't find my payment and threatens debt recovery action

TL/DR Bill payee can't find my bank transfer and threatens debt recovery action. What to do? A family member is studying at a major UK university. Quarterly or so, the university raises tuition bills. ...
3
votes
1answer
174 views

Is my partner a first-time buyer? (UK)

My partner had previously co-bought a house (in the UK with a mortgage) in 2002, the house was then sold in 2013 (no profit made after mortgage pay-off and fees). Fast forward to 2021, we're buying a ...
25
votes
4answers
5k views

Letting Agent proposes relative to rent my house

We live abroad and rent out our family home in the UK. It is managed by a firm of Letting Agents with whom we have a good relationship. The current tenant is apparently about to give notice that they ...
1
vote
1answer
148 views

A roadmap for buying a home in the UK (London) [closed]

I have lived in London for 16 years, always renting a flat, and lately wonder whether I should try to buy a home or go on renting. But I feel like I am missing framework for making such a choice. Is ...
-1
votes
1answer
108 views

Percentage of homes bought in London for living in [closed]

I am investigating a possibility of buying a flat in London to live in. On Rightmove it is possible to see flats/homes that were recently sold, and often it looks like the price per number of square ...
2
votes
0answers
97 views

Why do some ETFs trade in both GBP and USD on the London Stock Exchange?

I noticed that some ETFs listed on the London Stock Exchange trade in both GBP and USD. For example: iShares MSCI World UCITS ETF (factsheet) (GBP: IWRD; USD: IDWR) Vanguard FTSE Developed Europe ...
3
votes
1answer
235 views

What obligation do banks have to return money after fraud?

I'm interested in what happens when money is stolen from a UK bank account. I have read on the Citizens Advice Bureau website that Your bank should refund any money stolen from you as a result of ...
2
votes
1answer
116 views

Fungibility of ETFs traded in GBP and USD on the London Stock Exchange

I would like to buy some shares of Vanguard FTSE All-World UCITS ETF (accumulating). According to the fact sheet, two tickers are available on the London Stock Exchange: VWRP (traded in GBP) VWRA (...
2
votes
1answer
125 views

Switching current accounts

I'm thinking about using Monzo as my current account, mostly because it gives a nice itemized breakdown of different types of payments going in and out of the account. I've seen that there's a current ...
2
votes
1answer
125 views

If I am employed by a UK company and change country of residence regularly, will I have to pay income tax anywhere?

I am a salaried employee in a UK company and currently have income tax automatically deducted from my monthly pay in the normal PAYE way. I am considering, covid-19 permitting, of going "digital ...
7
votes
1answer
107 views

Does Canada respect the tax-free status of National Savings certificates for residents who left the UK?

I know Canada and the UK have a tax treaty that is designed to prevent double-taxation. But I don't know if it extends to honouring the tax-free status of government-issued savings certificates. ...
5
votes
1answer
48 views

Set a direct debit with an UK bank as a EU citizen moving to UK

My girlfriend (EU resident - Italian) is moving to London for 5 months beginning next Jul for a research placement. The college where she's staying asked her to pay the rent via Direct Debit at an U.K....
1
vote
1answer
105 views

Can a VAT registered company produce a quote with a mix of VAT products and NON VAT installation?

I have received a quote for a bathroom installation from a company that is VAT registered, after agreeing to the work, it has come to light that the installation is being completed by a third party ...
2
votes
1answer
79 views

Taxes on Payment in lieu of notice (PILON) and salary overlap

Assuming that someone leaves a company for a new role on the day of the payment (both companies pay on the same date monthly), there are two scenarios: The Payment in lieu of notice (PILON) is paid ...

1
2 3 4 5
39