Questions tagged [united-kingdom]

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

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16
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
1k 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
87 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 ...
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 ...
5
votes
2answers
891 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
372 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.
6
votes
3answers
321 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 ...
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?
8
votes
2answers
841 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
25k 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
3k 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
350 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
5k 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 ...
5
votes
1answer
1k 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
608 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
693 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 ...

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