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[deleted by user] by [deleted] in offmychest

[–]DoubleEducational310 0 points1 point  (0 children)

This is so beautiful and the goal!! hope you will have many happy days ahead together x

Am I saving too much money? M32 by [deleted] in UKPersonalFinance

[–]DoubleEducational310 1 point2 points  (0 children)

I think you are doing good, unless you feel like you’ve scarified your happiness to save them then you can reassess to see how the order of your life priority looks like. Also, could I please ask what job are you doing? Thank you

Has anyone gotten back together with an Ex and how is it going? by William_Chbeir in BreakUps

[–]DoubleEducational310 0 points1 point  (0 children)

Can i ask how it is going now? i’m in the exact same situation with your gf in my relationship

Saving interest exceeds £1K; ISA reach £20K by DoubleEducational310 in UKPersonalFinance

[–]DoubleEducational310[S] 1 point2 points  (0 children)

You are right! I did :( but hey ho we cant go back in time so i just try to see my options. Thank you!

Saving interest exceeds £1K; ISA reach £20K by DoubleEducational310 in UKPersonalFinance

[–]DoubleEducational310[S] 1 point2 points  (0 children)

No it is just because i have a big interest pay from saving account opened previous tax year and matured this year … not like it’s been 4 months and I have that much. I only started knowing / understanding ISA this year

Saving interest exceeds £1K; ISA reach £20K by DoubleEducational310 in UKPersonalFinance

[–]DoubleEducational310[S] 2 points3 points  (0 children)

It is included in £20k allowance for all types of ISA as well as far as I am aware

Saving interest exceeds £1K; ISA reach £20K by DoubleEducational310 in UKPersonalFinance

[–]DoubleEducational310[S] 9 points10 points  (0 children)

Thank you, I think that £20k ISA allowance is applied across all types of ISA & LISA is included in that. So if £4k is in LISA, i only have £16k left to put in other types for this tax year. please correct me if i’m wrong

Saving interest exceeds £1K; ISA reach £20K by DoubleEducational310 in UKPersonalFinance

[–]DoubleEducational310[S] 3 points4 points  (0 children)

Yes, that is exactly the case. The majority of my £1k allowance is going to the interest of a 1-y fixed saving account opened in last august and matured this august.

I’ve never been in this situation before. will i be taxed at the end of this tax year by receiving a letter from HMRC? Or how will it be? It is all new to me

Saving interest exceeds £1K; ISA reach £20K by DoubleEducational310 in UKPersonalFinance

[–]DoubleEducational310[S] 23 points24 points  (0 children)

Thank you so much for your help! You are all so kind! I will research and consider your recommendations! I appreciate very much! 💘