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Savings and Investments thread
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Yeah, the people who come up with these ideas don't know key stage 3 maths.
If it earns 1/15 interest you break even. If the bonus doesn't earn any interest than you need 1/3!
People need to stop assuming that everyone is an idiot. Especially people who have the power to create these things.0 -
It's intended as money is tight now and they don't want to give too much of it away for free. There are various other things which seem pretty petty but there's a politics ban here so i won't mention.There are talks that cash isas may be limited to £4k. They may make lisa even worse.valleynick66 said:
If intended does it really pull in much cash ? And how many accounts are closed early as a percentage ?Friend Or Defoe said:
I think it is intended!valleynick66 said:
Yes I get the idea of incentive to get people to properly save but we are really discussing the penal element of the calculation beyond losing the government ‘bonus’.Friend Or Defoe said:
Doubt it's substantial but it will put people off of withdrawing it early.valleynick66 said:I do wonder why government has never corrected this anomaly. I can’t imagine it raises any significant sums for them - unless it does?Really feels like an unintended consequence that could be fixed.
Im not as sure it is intended and perhaps the number of accounts opened , volumes saved and percentage not cashed early are falling short of expectations?
If there's no penalty then a lisa is just an isa with a big bonus for first time home buyers and the over 60s. The incentive goes away as does the amount the treasury can earn!
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I don’t think anyone is suggesting no penalty rather no bonus.Friend Or Defoe said:
It's intended as money is tight now and they don't want to give too much of it away for free. There are various other things which seem pretty petty but there's a politics ban here so i won't mention.There are talks that cash isas may be limited to £4k. They may make lisa even worse.valleynick66 said:
If intended does it really pull in much cash ? And how many accounts are closed early as a percentage ?Friend Or Defoe said:
I think it is intended!valleynick66 said:
Yes I get the idea of incentive to get people to properly save but we are really discussing the penal element of the calculation beyond losing the government ‘bonus’.Friend Or Defoe said:
Doubt it's substantial but it will put people off of withdrawing it early.valleynick66 said:I do wonder why government has never corrected this anomaly. I can’t imagine it raises any significant sums for them - unless it does?Really feels like an unintended consequence that could be fixed.
Im not as sure it is intended and perhaps the number of accounts opened , volumes saved and percentage not cashed early are falling short of expectations?
If there's no penalty then a lisa is just an isa with a big bonus for first time home buyers and the over 60s. The incentive goes away as does the amount the treasury can earn!0 -
It’s now officially annoying 70.71p…. I share your pain after 20 years of holding as a Lloyds Employee, I sold 30,000 at 62p… BUGGER.blackpool72 said:
A mate of mine bailed out a month or so ago at 59p.RaplhMilne said:
67.32p This morning, I know the feeling hold on for years then finallly bail out, only to be days to soon.blackpool72 said:Just sold my Lloyds shares at 65.28p.
That's about the highest they have been fo a good few years.
It's possible they may continue to rise but what with all the uncertainty going on at the moment with Reeves as Chancellor over here and Trump as president in America I can see them dropping back down rather than making more gains.
I almost done the same but eventually bailed out at 65.28p.
If 67or 68 is as high as they go then I've not done too bad.
If they hit 70 that will be annoying.0 -
Once you sell you should never look at the share price again. It's the equivalent of the game show's......."look at what you could have won".RaplhMilne said:
It’s now officially annoying 70.71p…. I share your pain after 20 years of holding as a Lloyds Employee, I sold 30,000 at 62p… BUGGER.blackpool72 said:
A mate of mine bailed out a month or so ago at 59p.RaplhMilne said:
67.32p This morning, I know the feeling hold on for years then finallly bail out, only to be days to soon.blackpool72 said:Just sold my Lloyds shares at 65.28p.
That's about the highest they have been fo a good few years.
It's possible they may continue to rise but what with all the uncertainty going on at the moment with Reeves as Chancellor over here and Trump as president in America I can see them dropping back down rather than making more gains.
I almost done the same but eventually bailed out at 65.28p.
If 67or 68 is as high as they go then I've not done too bad.
If they hit 70 that will be annoying.8 -
I know Golfie, but it’s hard not to. Could take it over couple years or even months. But 28% year to date increase….. Ouch. Anyway still holding another 30,000 so not all bad.golfaddick said:
Once you sell you should never look at the share price again. It's the equivalent of the game show's......."look at what you could have won".RaplhMilne said:
It’s now officially annoying 70.71p…. I share your pain after 20 years of holding as a Lloyds Employee, I sold 30,000 at 62p… BUGGER.blackpool72 said:
A mate of mine bailed out a month or so ago at 59p.RaplhMilne said:
67.32p This morning, I know the feeling hold on for years then finallly bail out, only to be days to soon.blackpool72 said:Just sold my Lloyds shares at 65.28p.
That's about the highest they have been fo a good few years.
It's possible they may continue to rise but what with all the uncertainty going on at the moment with Reeves as Chancellor over here and Trump as president in America I can see them dropping back down rather than making more gains.
I almost done the same but eventually bailed out at 65.28p.
If 67or 68 is as high as they go then I've not done too bad.
If they hit 70 that will be annoying.0 -
As the old Jewish saying goes...."No harm in taking a profit"2
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Yep.RaplhMilne said:
It’s now officially annoying 70.71p…. I share your pain after 20 years of holding as a Lloyds Employee, I sold 30,000 at 62p… BUGGER.blackpool72 said:
A mate of mine bailed out a month or so ago at 59p.RaplhMilne said:
67.32p This morning, I know the feeling hold on for years then finallly bail out, only to be days to soon.blackpool72 said:Just sold my Lloyds shares at 65.28p.
That's about the highest they have been fo a good few years.
It's possible they may continue to rise but what with all the uncertainty going on at the moment with Reeves as Chancellor over here and Trump as president in America I can see them dropping back down rather than making more gains.
I almost done the same but eventually bailed out at 65.28p.
If 67or 68 is as high as they go then I've not done too bad.
If they hit 70 that will be annoying.
After waiting patiently for the last 7 or 8 years I bailed out a week too early.
Still it's only money 😒😒0 -
Can anyone recommend a uk bank that doesn’t charge to receive money from abroad? We will be receiving monthly sums from Dubai and most seem to charge 1%. I don’t want a foreign money account as such just a standard current account for my daughter to use for university.
many thanks0 -
laurathered said:Can anyone recommend a uk bank that doesn’t charge to receive money from abroad? We will be receiving monthly sums from Dubai and most seem to charge 1%. I don’t want a foreign money account as such just a standard current account for my daughter to use for university.
many thanks
What currency are you transferring to the UK? If sterling then Monzo, for example, charge no fee. If you are transferring another currency into sterling then 1% conversion fee is about the going rate.0 - Sponsored links:
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bobmunro said:laurathered said:Can anyone recommend a uk bank that doesn’t charge to receive money from abroad? We will be receiving monthly sums from Dubai and most seem to charge 1%. I don’t want a foreign money account as such just a standard current account for my daughter to use for university.
many thanks
What currency are you transferring to the UK? If sterling then Monzo, for example, charge no fee. If you are transferring another currency into sterling then 1% conversion fee is about the going rate.Many thanks. It’s in USD0 -
Realistically you will either pay a fee/commission or see it in the exchange rate surely if you are converting USD to GBP I would think.0
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Premium bonds tomorrow.
One of the £1m winners holds £100 since 2023!! How lucky is that…….3 -
Be checking mine tonight just after 12🙏🙏1
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I'm due a decent PSB pay-out this month after 3 consecutive terrible returns
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Our FTSE competition is making us all look clueless. Highest guess is 8900 and we are just about there already. Of course, the orange urinal cake could soon change it all back...2
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Bet he/she isn't wondering if they should have stuck it in an ISA or a high interest account for a couple of years.Rob7Lee said:Premium bonds tomorrow.
One of the £1m winners holds £100 since 2023!! How lucky is that…….6 -
HSBC. If you have an ordinary current account with them you can then open a Global Money account which works with it. No fees, and good rates. Generally matches Wise when you add in the latter's fees, and much easier to actually use from within the HSBC app.laurathered said:Can anyone recommend a uk bank that doesn’t charge to receive money from abroad? We will be receiving monthly sums from Dubai and most seem to charge 1%. I don’t want a foreign money account as such just a standard current account for my daughter to use for university.
many thanks1 -
I suspect it’ll be a parent/Grandparent and the winners barely out of nappies!!LargeAddick said:
Bet he/she isn't wondering if they should have stuck it in an ISA or a high interest account for a couple of years.Rob7Lee said:Premium bonds tomorrow.
One of the £1m winners holds £100 since 2023!! How lucky is that…….1 - Sponsored links:
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Ready to be disappointed with the PB draw tomorrow as per .1
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Just as you were ready for Charlton to lose on Saturday with 5 mins to go on the clock....gmantaxi said:Ready to be disappointed with the PB draw tomorrow as per .
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Brace yourselves, punters. He's going ahead with his mad tariffs, tomorrow. The Canadians appear to have some responses ready.IdleHans said:Our FTSE competition is making us all look clueless. Highest guess is 8900 and we are just about there already. Of course, the orange urinal cake could soon change it all back...0 -
£100 on full holding0
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Prize Checker not working for me, still February’s results 🙁cafctom said:£100 on full holding0 -
£50 on under a quarter of full holding0
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£300 for me and £100 for Margaret on full holdings. Best return for a while.1
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£100 on £36k0
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£125 for me on £36.5k. Mrs R7L and Daughter both £100 each. Awaiting Father in laws...... which is now in, £225 🙈0
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£125 for me on 22k0
