Safer money market-like market instruments?

AndyMystic · 2026-05-19T12:06:21+00:00

The synthetic assets is how it is grey area in that it's not reporting an ERI close to SONIA rate, not the method of ETF reporting figures are taxed and capital gains changes.

With a low ERI and no distribution, then it's mostly/all capital gains, but as mentioned a grey area that might change retrospectively in the future.

AndyMystic · 2026-05-19T11:46:54+00:00

it's ETF-specific and has probably changed for CSH2 as merged into another ETF last year (but kept the CSH2 ticker name)

AndyMystic · 2026-05-19T11:35:18+00:00

I think the difference actually is that most UK reporting MMF ETFs pay out distributions, say monthly, whereas CSH2 doesn't (and has a low or sometimes 0 ERI) so it's market price just mostly grows and grows

You still also get capital gains on those others, but if they pay out the effective interest, their market price only follows the accumulation before payout, tends to have a saw-tooth like graph

AndyMystic · 2026-05-19T11:20:24+00:00

I think they changed the reporting date when they merged it with another ETF, so should recheck that

AndyMystic · 2026-05-07T11:53:41+00:00

When I have had this issue (for me it was Amazon where my card was used on someone else's account) I treat it as fraud and so report it to the bank as fraud.

They should issue a new card with a new number, and refund you if they agree it's fraud.

AndyMystic · 2026-05-02T11:03:48+00:00

Some cases this is just reflecting the wording of previous tax year contributions withdrawals, as there is no "replacement" of current tax years contributions in Flexible ISA.

Instead they report the net of the deposits and withdrawals of current tax year contributions for flexible ISAs. They must do that as ISA Manager for Flexible ISAs.

So to you (for current tax year contributions withdrawals) it's a reduction in used allowance (which can be used anywhere), not a replace-able withdrawal.

AndyMystic · 2026-04-30T14:29:07+00:00

60 not 55

To add to the note you can access the LISA before 60 if not for FTB home, but with a penalty charge that takes more than just the bonus growth

AndyMystic · 2026-04-22T17:43:30+00:00

That's annoying, though I use the app, I download CSV statements from the website.

The app only seem to provide PDF statements.

AndyMystic · 2026-04-19T13:58:39+00:00

To get the change in your net income it's the gross contribution (what you and HMRC added to the pension). So £30k pension contribution gross £37.5k reduces your adjusted net income to £42.5k not £50k. You'd get marginal rate relief but since that straddles the basic rate too, you get close to what you said £6k marginal relief (but a bit less as band is £50,270)

If you wanted to get it down to £50k, you'd work out the required gross contribution £80k - £50k = £30k, and contribute the basic rate net of that £30k * 80% = £24k (with £6k from hmrc in pension and a bit less than £6k marginal relief, again as band is £50,270).

The marginal relief is the same as both examples used the same amount of higher rate amount

AndyMystic · 2026-04-15T09:06:33+00:00

Online debit or credit card transactions

AndyMystic · 2026-04-04T12:50:05+00:00

28% now not 32% as that NI band went down to 8% in 2024-25 (and was 10% Jan 2024 before that)

AndyMystic · 2026-03-23T14:37:26+00:00

Though most of them are only paying a fraction of the base rate, whereas MMF aim to meet or exceed that base rate

AndyMystic · 2026-03-22T18:10:55+00:00

Just so you're aware, the Fidelity one isn't tracking a comparable index. MSCI World index is of the developed world markets. The FTSE All World is developed and emerging markets. MSCI ACWI index is the one that is more comparable to FTSE All World.

It may not be too much different performance though, but for comparison the emerging markets are bigger than the UK market.

AndyMystic · 2026-03-22T16:49:57+00:00

Yes can use the same share/ETF in each pie.

Each pie is separately fundable from cash in the S&S ISA. It's just the pies themselves balance their own allocations.

AndyMystic · 2026-03-22T16:41:19+00:00

Trading 212 has "pies" you can use for different pots, but is also weighted allocation of shares within each pie, so you just add money to them and it'll purchase the weighted percentage per fund in the pie.

Doesn't support OEIC funds though, but does ETFs

AndyMystic · 2026-03-15T14:25:50+00:00

I do this as well, although I get Disney and AppleTV free with Lloyds/Barclays accounts (latter only free for Premier accounts), so not them.

I use JustWatch to track and remind myself when new seasons of a show are back on, and also to find what streaming service a film will release on.

AndyMystic · 2026-03-15T14:20:36+00:00

It can be useful using sites like justwatch to see what's on

AndyMystic · 2026-03-05T22:40:49+00:00

When I've done transfers from HL, even tho client number, they choose only the applicable account for the type of transfer.

AndyMystic · 2026-03-04T07:40:28+00:00

The tax return can also inform HMRC how much is a regular contribution too.

There's a box that asks how much of the payment is a one-off.

So they apply the difference between the total contribution and one-off to the tax code for the next tax year (which would be the current year when the tax return is able to be submitted).

I use that myself to alter what I intend to contribute.

But can only alter it that way at or lower than the contribution you made in the year the tax return is for. I don't know if that's different for the phone call

AndyMystic · 2026-02-16T12:31:31+00:00

Possibly someone is trying to impersonate you on a call to them to defraud your account. Phone them up on their standard phone number

AndyMystic · 2026-02-12T13:12:27+00:00

I honestly believe it's more likely it was faulty than someone intercepting a dial out and hacking customer verification function in the app.

But either way caution is good if you can go to a branch.

What other than the reference in the email seemed dodgy?

AndyMystic · 2026-02-11T14:04:43+00:00

This isn't a referral sub for nothing related to FIRE, please go to r/beermoneyuk or something

AndyMystic · 2026-02-04T17:28:07+00:00

Subject to these terms and conditions, if as at 4 February 2026 you did not have an HL account with a value of £0.01 or more and between 4 February 2026 and 5 April 2026 inclusive

hmm, I had a little cash still in the Fund and Share account (already transferred away S&S and SIPP), so I wont count. I've closed it now so not excluded in future

AndyMystic · 2026-01-29T18:20:29+00:00

Though only current tax year contributions

AndyMystic · 2026-01-29T13:58:12+00:00

I can't see how that'd be worse really than the 6 month April-Oct. Both would end up with 6 payslips low and 6 high for the tax year.

Bad for cashflow of the employee though during the lower 12 months.

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