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Questions tagged [united-kingdom]

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

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6 votes
3 answers
349 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 ...
Rich Seller's user avatar
  • 3,893
11 votes
6 answers
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 ...
Zephyr's user avatar
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5 votes
2 answers
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?
Rich Seller's user avatar
  • 3,893
8 votes
2 answers
866 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 £...
James's user avatar
  • 2,034
6 votes
2 answers
27k 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 ...
user145's user avatar
  • 523
6 votes
5 answers
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 ...
Rich Seller's user avatar
  • 3,893
7 votes
1 answer
361 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 ...
James's user avatar
  • 2,034
18 votes
3 answers
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 ...
James's user avatar
  • 2,034
5 votes
1 answer
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 ...
Rich Seller's user avatar
  • 3,893
13 votes
3 answers
622 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 ...
Ferdeen's user avatar
  • 231
7 votes
1 answer
851 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 ...
Rich Seller's user avatar
  • 3,893

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