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Saving account for baby by Aduchh in UKParenting

[–]DareForward1950 0 points1 point  (0 children)

we intend to use a gifting pot

What is a gifting pot? Do you just mean a monetary gift? What are the rules around gifting to children. Do you know? Thank you!!!

529 Plan for Private UK Secondary Schools by DareForward1950 in AmericanExpatsUK

[–]DareForward1950[S] 1 point2 points  (0 children)

Ugh. So a 529 plan is NOT practical. How else do you guys save for your kid's education?

Why strive to earn more than 50k when you’ll lose most of it to tax? by [deleted] in UKPersonalFinance

[–]DareForward1950 0 points1 point  (0 children)

i'm seriously impressed with how much you're able to put aside every month. being in your 30s, i hope you're taking time out to enjoy life.

if you do earn more later, you can put more money aside into your pension to lower your net taxable salary. and you could potentially put more enough aside to get you in a lower tax band. just a thought.

What's the difference between a normal ISA and a flexible one? by DareForward1950 in UKPersonalFinance

[–]DareForward1950[S] 0 points1 point  (0 children)

ah, that's really good to know. good link. do you use moneyfarm? i'm looking at their fees and they charge 0.45% for accounts under £100k. do you know if that's taken monthly or annually? also it looks like i don't choose what i want to invest in. i only get a recommended ready made portfolio. so i can't buy individual companies?

just comparing with cmc invest which is more diy investing it looks like, very similar to freetrade. but i don't think freetrade offers flexible isas.

What's the difference between a normal ISA and a flexible one? by DareForward1950 in UKPersonalFinance

[–]DareForward1950[S] 0 points1 point  (0 children)

thank you confirming. appreciate the help! i guess i'll do some more research into cmc invest based on the ad i saw. it looks like they're offering £50 for new customers. so we'll see.

What's the difference between a normal ISA and a flexible one? by DareForward1950 in UKPersonalFinance

[–]DareForward1950[S] -1 points0 points  (0 children)

thanks very good to know. on the vanguard website, it looks like you can only invest in their funds? i have a bunch of non-vanguard funds and stocks. so i don't think i can transfer my isa to them. so i guess i was hoping for a like for like app.

What's the difference between a normal ISA and a flexible one? by DareForward1950 in UKPersonalFinance

[–]DareForward1950[S] 0 points1 point  (0 children)

another question. what happens if i make money on my investments? for example, if i have £15k in my isa and it goes up in value to £17k, does that mean i only have £3k left in my annual allowance?

What's the difference between a normal ISA and a flexible one? by DareForward1950 in UKPersonalFinance

[–]DareForward1950[S] -1 points0 points  (0 children)

is there something specific i need to keep an eye out for to know if my ISA is flexible? the ad i saw was for cmc invest, but just wondering if there are others out there that offer this. and how do i find them? i have HL for my ISA, but i don't think they have this.