New answers tagged

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Such a product does not exist in the insurance industry because the product you describe is not insurance, you are describing an option. Effectively, you want to purchase the right to sell your house at the price you paid or greater. To simplify, insurance is protection against scenarios in which there is downside only, such as someone stealing something ...


3

With regards to how trusty is the FSR, according to its web page: The Financial Services Register is a public record of firms, individuals and other bodies that are, or have been, regulated by the PRA and/or FCA. The PRA is the Prudential regulation, which belongs to The Bank Of England, which belongs to the UK goverment so I guess that it is trusty ...


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This kind of information can always be found in the Key Information Document (KID) The KID states: The Fund seeks to provide returns consistent with the performance of the Bloomberg Barclays GBP Non-Government 1-5 Year 200MM Float Adjusted Bond Index (the “Index”).


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First, using Gift Aid never really reduces your taxes: it merely allows the charity to reclaim some of the taxes you have already paid (the amount reclaimed assumes you are a basic-rate tax-payer). If you are actually a higher-rate tax-payer, you can also reclaim the remainder of the taxes you have already paid. Example 1: Normal-rate tax-payer: Consider £...


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I am not an accountant so YMMV. Also, tax rates change as they have since the question was posted. In the UK salary employees are paid each month after all taxes. Most UK citizens simply don't think about tax. When you are a freelancer you pay the tax bills yourself. As per the calculations below you may find you pay more taxes than a typical salaried ...


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I received a modest legacy from a great-aunt whose assets needed to be divided between a large number of distant relatives (she owned a house on a large inner-city plot that had become very valuable over the years, and when she had inherited it back in the 1930s, it was on the condition that she would distribute the proceeds to the wider family when she died)...


4

There are two possible lines of attack here. Firstly, you could cancel your direct debit. However it's likely that the provider will still pursue you for the money: “Notwithstanding their inability to fulfil the service, they charged me a termination fee. When I challenged this I was served with a default notice under the Consumer Credit Act. I'm not ...


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The only one I can think of is Social Security, and it looks like deportation specifically disallows SS benefits: "Section 202(n)(1) or section 223 of the Act prohibits the number holder (NH) on a Social Security record from receiving his or her title II retirement and/or disability benefits when SSA receives notice from DHS that the NH has been deported or ...


2

Though not for the same issues, I had $236 worth of problems with AT&T last year. I spoke to 1/2 a dozen service reps (like a chain letter, one forwards you to another) and got nowhere after about two hours of effort. Nada. I contacted the Federal Communications Commission and lodged a complaint. I didn't expect much but they took the bull by the ...


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If the brokers are listed in Monevator's "UK’s cheapest online brokers" list then I'd be quite confident they're not scammy or dodgy. (My guess is it's one of the "Share dealing brokers" in the third table on that page is going to be what you're looking for, but watch out for "inactivity fees".) For a second opinion and some other options, take a look at ...


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The regulatory authorities in the UK are the Financial Conduct Authority and the Prudential Regulation Authority of the Bank of England. Contact them to “validate online stock trading platforms". Then contact the brokers to see who has the features you seek: Lowest commissions No minimum account size No account maintenance fees No data fees No odd lot ...


2

You’ll be relieved to know you don’t pay income tax on gains. You pay just Capital Gains Tax (CGT) on gains, and income tax on dividend income (which is subject to its own thresholds). However, do note that the rate of CGT that you pay ([1]) is dependent on your income tax bracket in the tax year in question (the relevant date being the date you ...


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Yes. For example this Investors Chroncile article cites a number of overseas-focused ETFs as options to put in an ISA. 10 passive funds for your ISA Individual providers will be able to confirm the position for specific funds.


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Anything held in an ISA is tax sheltered and therefore subject to the tax reliefs (income tax, no Capital Gains tax etc.) This is true even when you hold stocks of non-UK countries directly, e.g. Microsoft. There are some types of investment that cannot be held in an ISA (for example, until August 2013 you were not allowed to hold AIM stocks within an ISA)....


0

[...] When I retire, will I be eligible for a state pension from the UK even if I am then in Spain? [...] Probably. [...] And would that cumulate to the one I will get from Spain? [...] Likely so. [...] I guess my personal pension scheme won't be a problem and I should be entitled to get the all money out as I want based on UK rules even if ...


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The returns any investor has achieved over the last 5 years depend a lot on what asset classes they've been exposed to. The more global equities (or US equities) the better. But if they've had a "home bias" to UK equities, or played it safe with a significant allocation to bonds, their returns will be less. Here's some 5-year annualised total-return ...


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