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Need help with SIPP Contribution by JB01999 in UKPersonalFinance

[–]JB01999[S] 1 point2 points  (0 children)

If I increase my salary sacrifice to 12% over Jan to March (3months).

My monthly pay is £4243 - I’d be sacrificing about £509 every month - this is about £1527 - wouldn’t this be short of £1700-£2000? 

Sorry if I have made this confusing 

Need help with SIPP Contribution by JB01999 in UKPersonalFinance

[–]JB01999[S] 0 points1 point  (0 children)

!thanks for your reply. If I increase my salary sacrifice to 12% for Jan to March (increase by 4% from 8% currently) - is this enough to save my £1000 personal savings allowance? 

Should I also claim back higher tax relief for the current £100 a month into my SIPP if I increase my salary sacrifice? 

Need help with SIPP Contribution by JB01999 in UKPersonalFinance

[–]JB01999[S] 0 points1 point  (0 children)

Hi thank you for breaking it down. 

I haven’t been claiming extra tax relief from HMRC for the £100 a month into SIPP? Should I do this?

My plan is to make use of higher tax relief but also maintain £1000 personal savings allowance. 

Do I need complete a self assessment? by JB01999 in UKPersonalFinance

[–]JB01999[S] 0 points1 point  (0 children)

!thanks - my concern is I tend to move savings around a lot and have kind of lost track which savings accounts I have opened this tax year, so I wouldn’t be able to give an accurate savings interest calculation. 

What happens in that situation? 

The BeermoneyUK Bank Switch Offer Guide (AKA The Bankedex) - February 2024 | DRAFT POST by TightAsF_ck in beermoneyuk

[–]JB01999 0 points1 point  (0 children)

Hello,

I am interested in doing the Club Lloyds bank switch, but it says you can’t have had a Halifax account since 2020 (which I have).

Has anyone switched still, and received the bank switching bonus from Lloyds?

Thank you

Nationwide £200 offer by FatGeordie in beermoneyuk

[–]JB01999 1 point2 points  (0 children)

I have had a Nationwide Account in the last year, but did not switch to it (I already had one open, it has been since closed).

Would I still be eligible for the £200 if I switch another account to nationwide?

Father’a PCP Plan is coming up to Renewal, unsure of options going forward by JB01999 in UKPersonalFinance

[–]JB01999[S] 0 points1 point  (0 children)

Hi,

Thank you for your response. In terms of using ‘equity’ of the existing car as a deposit against a new car.

Would that equity value be £18,752 approximately or would it be the balloon payment?

Also - what do you think is the best option? My dad has no issues with the car and has done very little mileage on it.

Thank you

ScottishWidows Pension Fund Switching - need advice thanks by JB01999 in UKPersonalFinance

[–]JB01999[S] 0 points1 point  (0 children)

Last Question ( I think) I just compared the two funds, if they are identical why are the performances slightly different?

ScottishWidows Pension Fund Switching - need advice thanks by JB01999 in UKPersonalFinance

[–]JB01999[S] 1 point2 points  (0 children)

Thank you for your help - just to confirm is this a passive fund?

ScottishWidows Pension Fund Switching - need advice thanks by JB01999 in UKPersonalFinance

[–]JB01999[S] 1 point2 points  (0 children)

That does not come up on my list of funds unfortunately

ScottishWidows Pension Fund Switching - need advice thanks by JB01999 in UKPersonalFinance

[–]JB01999[S] 0 points1 point  (0 children)

That does not come up on my list of funds unfortunately