Questions tagged [united-kingdom]

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

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2
votes
2answers
61 views

How to “validate” online stock trading platforms?

I don't consider myself an investor, mainly as I don't have sufficient disposable income to invest. However over the years I've accumulated a number of share certificates for various public companies....
4
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1answer
215 views

Reasonable Rate of Return on A Pension?

Like a lot of people, I have a string of relatively small pensions, all invested in different funds with a few different providers. I should add that I'm no longer paying into any of the ones I'm ...
5
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2answers
174 views

State pension from UK when a moving back to Spain after working only 10y in UK

I am a Spanish citizen who has been living in UK for the past 7 years. During this period I have always worked here and I haven't received any income from Spain. I have also regularly contributed to ...
0
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1answer
37 views

Are profits made from equity investments subject to income tax on top of CGT?

I want to invest in a stock ETF, but I'm wondering if any profit I make from these investments is subject not only to the 20% Capital Gains Tax but also counts towards income and thus subject to ...
2
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2answers
39 views

Is the UK ISA's tax relief applied to ETFs that hold stocks of non British companies?

Is the ISA's tax relief applied to ETFs like VUSA (S&P 500 index tracker), which holds stocks of countries other than the UK?
0
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0answers
35 views

Tax efficient clothing company setup in the U.K [on hold]

I’ve setup a private limited company via companies house before. I’d like to know if I should do the same if I intend on creating a clothing company. Is there a better way?
2
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2answers
234 views

Investing platform options without fixed residency

Background: My wife and I are in our high-twenties currently living in UK. We don't have a mortgage, we're renting our flat. The only debt we have is the standard UK student loans, which is deducted ...
11
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3answers
2k views

How to recover years of monthly payments to a scam website? (UK)

Not sure if this is the best place to ask the question. It's kind of related to finances. I somehow got tangled into a scam (in my opinion) called completesavings.co.uk I found out that somehow 3 ...
5
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4answers
285 views

Recovering Small Workplace Pension Pots

Like many professionals, the new 'standard' length of stay at any one company is around 2-3 years. I myself have moved a few times at the start of my career from one company to another, beginning ...
4
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2answers
353 views

If earning as freelancer, is it better to be a Sole Trader or Limited Company?

I am going to be staring freelancing. Is it better if i set up as a Sole Trader or Limited Company? I wont have many expenses.
0
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0answers
16 views

What time frame does a candle represent? (MT4)

I'm using MetaTrader 4 and want to understand the specifics of what a candle shows. If a candle represents, on the 1 minute time frame, 21:01 (9:01pm) is this candle showing the price action between: ...
25
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8answers
8k views

Is there any point in adding more than 6 months' runway in savings instead of investing everything after that?

I have saved enough to be able to survive for 6 months. I don't have any debt. So far, I've been investing a small part of my income in a diversified portfolio and have seen ~11% returns, which I'm ...
3
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1answer
36 views

How is interest calculated on a UK type 1 student loan?

On my student loan annual statement it says The Student Loan Company applied interest to my balance every month but only received one lump sum payment at the end of the year from HMRC, even though ...
0
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1answer
50 views

NRE to foreign account transfer

Can I transfer money from my Indian NRE account to my sister's savings account in UK bank?
1
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1answer
100 views

VAT on quote misleading? [duplicate]

I wish some advise. We have a quote from a VAT Registered building company for work on an extension, this quote for simplicity was 50k GBP. At the end of the list of items on the quotethey will ...
4
votes
1answer
2k views

Tax implications of being a UK employee of a US company?

I'm a UK resident entering into employment with a US company. They're not currently registered for PAYE in the UK, nor do they yet have a UK entity, and they would like to pay my salary directly from ...
1
vote
0answers
20 views

UK: How does gift holdover relief interact with potentially exempt transfers?

An elderly acquaintance is considering gifting some shares in the family business to his children. There is significant capital gains accrued on the shares (which said relative has held for decades), ...
5
votes
1answer
182 views

Agency wants to increase rent halfway through the tenancy

Context: United Kingdom, South-East, West of London I have made an offer for a rental property: 2 year tenancy with a 6 month break clause at £XXX/month. This offer was accepted and I paid a holding ...
0
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0answers
15 views

MT4 trailing stop size

On the UK100 (FTSE) I have set a trailing stop of (as the trailing stop menu says) 50 points. Recently, when the price dropped by 5 points, my position closed (up, fortunately) yet this was not at 50 ...
0
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1answer
36 views

Is there a UK investment brokerage allowing purchase of fractional shares / dividend reinvestment with low fees? [closed]

I am a UK resident looking for a stocks and shares brokerage for long-term value-investing. I am currently working with limited money for investing so am saving until I can buy complete stocks using ...
5
votes
1answer
74 views

Lifetime ISA Eligibility

I am a director of a Limited company (SPV) which owns an investment property on a Limited Company Buy to Let. I am one of four directors, other directors are parents and sibling. I don't own a ...
3
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0answers
103 views

Glint Administration — What Steps to take to claim my assets? [closed]

I have the issue that the company Glint (https://glintpay.com) has gone into administration and all customers' assets, including mine, are frozen by the administrators. Glint is a company that mainly ...
2
votes
1answer
75 views

Spain: Inheritance taxes due for UK citizen living and working in Spain

Consider a UK citizen who is resident (namely living, and paying income taxes, but not of permanent residence or of Spanish citizenship) in Spain and becomes an heir/beneficiary of a UK death estate. ...
1
vote
1answer
50 views

Repatriate money from NRE account to my UK account

I have an NRE account in India and a UK bank account here as I am a British Citizen and OCI. As Interest rates in Indian banks are far better than in UK, I plan to have Fixed Deposit in NRE account ...
3
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2answers
1k views

Do UK tax rules allow you to hold Bitcoin in a SIPP?

Do United Kingdom tax rules allow you to hold Bitcoin in a self-invested pension plan?
0
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2answers
117 views

What are the steps for opening an investment account and starting investing in the UK?

I want to start investing some money I have saved. I have investigated about this but I'm still not secure about what to do. I have called to my bank to ask questions but they didn't help too much ...
35
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7answers
12k views

Best way to get my money back from a friend having family problems

Back in 2018, in June, a friend working in the UK (let’s call him Dave), asked me to lend him money because he has “family problems” mentioning he will return them by August, 2018. Things did not go ...
1
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1answer
52 views

Self assessment: Entering in sideways loss relief from previous year

Any one au-fait with Self Assessment? I am not sure where/how to fill in the online self assessment form to do this: Claim previous year's losses in one business to claim relief on this years ...
2
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0answers
157 views

Landlord/Property managers broke contract (I think) but I never did anything about it due to hassle involved, what are my options now?

So, about a year ago some people came in and changed the Electric and Gas meters to Pay as you go meters because the landlord hadn't paid the bills. Since my contract was an all-inclusive contract ...
28
votes
6answers
6k views

What is the business model of discounted gift cards?

Context: I have an account on a third-party website that sells discounted (first hand) gift cards — because my employer is part of the scheme. For example, you pay ¤95 for a ¤100 gift-card, in the ...
44
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11answers
16k views

What can I do with a property that won't sell following divorce?

My wife and I bought a property just over 2 years ago for €114,000. We put down a 10% deposit (€11,400) and so took out a mortgage of €102,600. We took the mortgage on a short term (15 years) to ...
1
vote
1answer
117 views

UK - first house as a investment, mortgage

I am about to buy first house in UK, mainly for investment purposes (UK) Property price: up to 280k £ Spare cash: 60k (deposit, fees, renovation costs) (renovation costs will be much lowers, because ...
25
votes
8answers
7k views

What's a good strategy for offering low on a house?

We are in the UK and interested in purchasing a house, but the highest offer we could make is substantially below the asking price by around 5%. However, we have some advantages over other ...
4
votes
4answers
18k views

What is the tax treatment of scrip dividends in the UK?

What is the tax treatment of a scrip dividend in the UK? Do I declare the value of shares as income or the actual value of the dividend?
8
votes
2answers
778 views

UK - wife declined for credit card due to pregnancy

My wife was recently declined for a credit card based solely on the fact she is 6 months pregnant and will soon be on maternity leave. The scenario details are as follows: Application was made in ...
5
votes
2answers
441 views

How can I find a bank willing to provide a mortgage on a house affected by Japanese knotweed? (UK)

How can I find a U.K. bank that would consider providing a residential mortgage on a property affected by Japanese knotweed? The problem is fairly minor and is under control. If you've been able to ...
0
votes
3answers
174 views

Do I need a brokerage account to invest in ETFs?

I want to start investing in ETFs, but this is my first time doing this and I don't know what do I need to do for buying stocks. I want to buy some ETF that tracks an index such as S&P or FTSE100,...
12
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4answers
10k views

How much can I negotiate asking price on London rentals?

I'm moving to London soon and I'm trying to figure out how much higher, roughly are rent listings than the final rent landlords are expecting. Let's take as an example a 1-bed flat in East London ...
10
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2answers
6k views

How to bet against the London housing market?

A lot of people are talking about a property bubble in London and I was wondering: how could you short the property market and bet on a crash? Is there any obvious way? Basically, how could someone ...
1
vote
0answers
477 views

Where to pay tax when working remotely from the UK for a foreign company?

There are similar questions but I believe my circumstances are slightly different. I am a British citizen, from birth, and have been living in Malta for over a year while working for several ...
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)?
6
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2answers
400 views

Are median London prices noticeable higher than the rest of the UK?

It is common knowledge that London prices are much higher than that of the rest of the UK. However, I have heard that this isn't strictly true; the prices of most typical purchases from food and drink,...
23
votes
6answers
6k views

What are the advantages to banks being located in the City of London (the Square Mile)?

This question is about the City of London, i.e., the Square Mile, not greater London. There are an awful lot of international banks located in the City of London. What advantages are there to having ...
2
votes
1answer
262 views

Can I use work on business ideas to reduce my tax burden?

I run a software consultancy which turns over approximately £250k per year. My work mainly involves by-the-hour consultancy or some fixed-price projects but no stock and very few expenses. In ...
1
vote
3answers
213 views

When to schedule direct debits to maximise interest

Assuming my debit (current) account pays me interest on the funds that are in the account, my intuition is telling me that it makes sense to schedule direct debits for the day before I'm paid. This ...
4
votes
2answers
240 views

How has the country exposure of the FTSE All-World High Dividend Yield Index and the FTSE All-World Index changed with time?

I’m interested in how the country exposure of the FTSE All-World High Dividend Yield Index and the FTSE All-World Index have changed over time (if it has much at all). The index factsheets page here ...
2
votes
3answers
144 views

UK - What are the safest options to keep more than the FSCS limit in a bank/investment company?

The Financial Services Compensation Scheme (FSCS) can compensate you if you have money in a bank/investment/pension/insurance/etc firm that has failed and is part of the scheme. For example, as of ...
2
votes
1answer
148 views

First time getting car finance, but existing car in my wife's name

Our current situation is that we’ve always had our sole family car registered in my wife’s name, and insured in her name with me as an extra driver. However, we’re planning on buying a new car with ...
2
votes
1answer
142 views

Mortgage term and overpayment

I have been comparing mortgages on a banks website. It appears that the term I choose does not affect the interest rate I am offered. In this case the deals allow 10% overpayment per year without ...
3
votes
2answers
138 views

Does trading currency choice in a Gold ETC make a difference when base currency remains same?

The WisdomTree Physical Swiss Gold Exchange Traded Commodity is available in trading currencies of both GBP (SGBX.L) and USD (SGBS.L) on the London Stock Exchange. I believe that the base currency ...