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Questions tagged [united-kingdom]

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

6
votes
2answers
24k views

Can a foreigner open a bank account in the UK?

I am from Hungary and I will visit the UK for about a month (just for fun). I would like to open a bank account there. Can I do that? What are the latest regulations? Are there any special ...
8
votes
1answer
489 views

Most cost effective way to regularly transfer funds from the US to the UK?

I've recently moved to the US, but I still own a house and a car in the UK so I need to make regular transfers from the US to the UK in order to pay my UK mortgage. Admittedly I've left it a little ...
5
votes
2answers
735 views

Postal order has my name mis-spelt, can I still cash it?

I've received a postal order, but the last letter of my surname is missing on it, can I still cash it?
5
votes
1answer
6k views

How long does a Postal Check (postal order) take to clear?

How long does a postal order take to clear? 7 days? Or is it instant?
8
votes
4answers
623 views

How can I protect my savings against inflation? [UK]

How can I ensure that my savings keep up with inflation, even after any tax due is taken off the returns?
3
votes
2answers
387 views

Is there a limit on how many times I can transfer my Individual Savings Account (ISA) in a given year? [UK]

The United Kingdom Individual Savings Account (ISA) provides a tax-efficient saving mechanism. It is possible to transfer your ISA from one bank to another, but is there any limit on how many times ...
12
votes
6answers
596 views

Online Foreign Exchange Brokerages: Which ones are good & reputable for smaller trades? [closed]

I've been recently looking at some of the online (electronic) foreign exchange brokerages out there, mainly out of curiosity. However, swamped by the choice, and despite having a somewhat decent idea ...
5
votes
1answer
107 views

What is the expected wait for a win from £100 of Premium Bonds?

I know that the amount most holders will win on Premium Bonds is actually lower than the quoted "interest rate" (as described here) and I know that the smallest prize is something like £50, but I can'...
4
votes
1answer
289 views

Can you claim child care expenses on your tax return in the UK?

Can you claim child care expenses on your tax return in the UK?
8
votes
3answers
4k views

Are non-residents or foreigners permitted to buy or own shares of UK companies?

Is it legal to hold shares in the UK if you are not a UK resident? I presume it is ... after all governments are going to want you to do this as it's a revenue stream for them right? Thanks.
4
votes
1answer
1k views

Can I claim a UK or foreign charity donation as tax deductible in Canada?

Can I claim a UK charity donation as tax deductible in Canada? More generally, are charitable donations to foreign charities tax deductible in Canada?
4
votes
1answer
207 views

Can you consolidate ISAs from multiple places?

I have an ISA with company A, and company B, because they offered good rates at the times I opened the ISAs. I know it's possible to transfer an ISA, but can you transfer ISAs from multiple different ...
2
votes
2answers
6k views

Roughly how much more is the average salary of London compared to the north and south?

As the title states, roughly how does salary in London compare to a job in the south (say, Bristol), versus a job in the north (say, Leeds)?
5
votes
1answer
325 views

How much tax can you save in a UK ISA?

How much tax can you save if you invest £5100 in a UK ISA?
5
votes
1answer
201 views

Year end for ISAs, is it worth squeezing more in quickly?

I opened an ISA about a month back (only have £110 in it at the moment) Tax year ends on 5th April, I could afford to put £1000 in my ISA, I would be skint until the next payday at the end of April ...
5
votes
2answers
566 views

What items are exempt from the VAT? [U.K.]

I'm thinking about visiting the UK and I'm wondering which things are affected by the VAT and which are not. Also as a non-UK resident is there a way to get a rebate/reimbursement on this tax?
6
votes
1answer
190 views

What is the best option for recent employee setting up a pension (UK)?

I have been a sole trader for a while and recently been employed full time, as part of the deal I have been promised an employer contribution pension but it is up to me to decide what to do. What are ...
15
votes
3answers
2k views

Pensions, why bother?

Ok this question is going to show my age, but its something I've been thinking about for a while and can't quite figure it out Why bother with a pension? I don't understand, why should I put away £...
3
votes
2answers
995 views

Take new loan to pay off old one, what would you do in this scenario?

This is my current loan. Loan Amount : £11,750 Total Interest : £6,422.40 Interest Rate : 21.2% per year Total : £18,172.40 Pay per month : £306.19 Term : 60 months (5 years) I'm 2 years into the ...
3
votes
1answer
75 views

Do distance selling protection regulations work across borders?

When buying online in the UK, purchases are covered by the distance selling regulations, which basically give you 14 days to return or annul an agreement or purchase made online. If I buy products ...
11
votes
6answers
2k views

What are some good, easy to use personal finance software? [UK] [closed]

I've looked at various personal finance management software, but all seem far too complex / over the top. I've tried Microsoft Money, that was too heavy. Also tried GNUCash (free open source) and ...
3
votes
1answer
7k views

Cashing in unused holiday days when leaving a job: how not to get ripped off? [UK]

If you leave your job, and have several days holiday left, how can you be sure to get them? For example, you have a 1 months notice period, and you have 15 days holiday left, you probably can't use ...
7
votes
5answers
542 views

How can I find a list of self-select stocks & shares ISA providers? [closed]

I am looking for a ISA provider where I can invest in the UK and the US stock market, has anyone got a list with charges and links. (ISA are only of interest to people that live in the UK)
5
votes
1answer
689 views

Claiming mileage allowances, what are the rules/guidelines?

For my job, I often have to visit clients around the UK, normally for a couple of days at a time, so most of the time I will use my own car to drive there and back. My company pays £0.28 per mile, I'...
5
votes
1answer
320 views

Any good replacements for Microsoft Money that will work well for the U.K.?

I use MS-Money to track my account and investments, as Microsoft is just about to kill MS-Money, what are the good replacements? I need a product that can cope with the fact I live in the UK.
5
votes
3answers
169 views

What is the risk to me of moving my money to a smaller bank?

In light of the events in the banking market over the last few years, there have been calls from some quarters for investors to move their money from the larger banks, so they are no longer "too big ...
6
votes
2answers
289 views

Can you recommend a good broker through which a UK company can trade in US stock markets? [closed]

Anybody can recommend a good broker through which a UK company can trade in US stock markets?
11
votes
6answers
4k views

When will the U.K. convert to the Euro as an official currency?

When will the United Kingdom switch to using the Euro? The main group of European countries have adopted it as a common currency and it appears this is the future direction. If not, what are the ...
5
votes
2answers
3k views

UK income tax & charitable donations: How much is income tax reduced by donations?

To continue the theme... In the UK, how much is income tax reduced by charitable donations? When filing, are there any special requirements to qualify for the deduction or credit?
6
votes
1answer
104 views

Online calculators for child benefits in the U.K.? [closed]

(I've also asked this on Moms4Mom) I've been reading through the various benefits available for parents in the UK. It all seems to be hilariously complicated. I know I could plug in the various ...
8
votes
2answers
802 views

Paying off loans early, or is there some way to reduce extortionate interest charges?

I bought a car about 2 years ago on finance. The car was priced at £11k and I was very quick to jump at the chance rather than thinking. Over the 5 year period I'm paying over £18k in total, thats £...
6
votes
2answers
18k views

How do I know my Citi credit card account number, for setting up a Virtual Account Number?

I have a credit card from Citibank, and I want to create an Online Account¹ (a virtual credit card number) but it asks me for my "Credit Card Account Number". Upon entering my credit card number (...
6
votes
5answers
2k views

Do I have to pay taxes on income from my website or profits?

I've started to generate a small amount of revenue on my website, I'm obviously tracking my income and expenses, but I'm not certain whether I need to declare this income to Inland Revenue. Is there ...
7
votes
1answer
323 views

Getting on the property ladder: mortage, downpayment, fees? [UK]

Once I've got my finances straight I'd like to think about getting my own place, but what sort of money am I looking at to have under my belt before I can begin thinking? Is it right that the UK ...
18
votes
3answers
3k views

I'm 23, living at home, and still can't afford my own property. What could I do?

Most of my friends have their own places, either rented or mortgage. Should I be concerned that I still live at home? I bring home around £1300 after tax, £400 of that goes on car finance+tax, £200 ...
4
votes
1answer
987 views

What are the tax liabilities for an international transaction?

I have website for which I have set up a sponsorship scheme for (see my profile if you're interested). With this scheme, some individual or company can choose to sponsor X or Y amount and that gives ...
13
votes
3answers
565 views

Pension or Property: Should I invest in more properties, or in a pension?

I do not have a pension but have a rental property (which breaks even). Question is, do I invest in more properties or take out a pension ? I am worried if I go down the pension route I would lose ...
7
votes
1answer
459 views

Are premium bonds a good investment?

As a UK higher rate tax payer, I was tempted to invest in premium bonds because prizes are tax free. However they recently dropped their effective rate, and apart from the slim chance of winning a big ...