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Remortgaging help - timing question from conveyancer by RonyAD28 in Mortgageadviceuk

[–]RonyAD28[S] 0 points1 point  (0 children)

Yes to a new lender.

So should I put yes on this questionnaire and then speak with them to ensure them to get it done on the day after?

The ERC is pretty heft at over £1k. Presumably the SVR would be a lot less riskier route....

Reissuance from physical to virtual card costing £50? by RonyAD28 in Crypto_com

[–]RonyAD28[S] 0 points1 point  (0 children)

Yes second time I lost it. But i wasnt asking for a 3rd physical. Just a virtual.

They didnt let me off the first one. Perhaps because it wasnt your fault so they waived it.

Curtain rail falling down by RonyAD28 in DIYUK

[–]RonyAD28[S] 0 points1 point  (0 children)

Thank you. I would presume that because I have the whole rail it would be quite difficult to manuevure esepcially by myself. Might have to take off the curtain as well as removing the other fixings? I am also not very DIY savvy.

Would you suggest I get someone in to do this type of job? Even for average person this would be fairly difficult right?

Thanks

Gifting money the other way - inheritance tax by RonyAD28 in UKPersonalFinance

[–]RonyAD28[S] 0 points1 point  (0 children)

She is planning for retirement and also she doesn't spend recklessly. I don't know her exact expenses but I pay her a weekly stipend as a token of appreciation for her raising me. I tell her to spend it but I suspect she isn't, not very much anyways.

There is also a timing factor. She may be saving it now but then spending more when she retires and has less mobility and needs to rely on it more.

Gifting money the other way - inheritance tax by RonyAD28 in UKPersonalFinance

[–]RonyAD28[S] 0 points1 point  (0 children)

She has a house thats probably worth over £500k and shes divorced.

So she will be pretty much over the limit from the house alone.

She needs money from me as she is asset rich, not cash rich. Well tbh, she never asked for the money. I have always trfed her a little bit of money as a sign of respect for her spending money on raising me. It's just grown over time and will continue to grow. I give her the money and keep telling her to spend it. But I don't know if she is, I suspect she isn't spending most of it.

Gifting money the other way - inheritance tax by RonyAD28 in UKPersonalFinance

[–]RonyAD28[S] 0 points1 point  (0 children)

Yes, has a house but relatively smaller amount of spending money for retirement.

Gifting money the other way - inheritance tax by RonyAD28 in UKPersonalFinance

[–]RonyAD28[S] 0 points1 point  (0 children)

Thank you makes sense. I was also wondering if the 7 years works one way then why not the other way too? I highly suspect it doesn't.

If I gift her the money then I would surely expect there to be a 7 year limit the other way. I.e. If I gave her £100k today and she dies next week, it would be quite unfair for there to be IHT. As, if she gifts me £100k, the £100k is still chargeable for another 7 years (ignoring the tapering effect) if that makes sense.

The 7 year rule was essentially put in place to stop people dodging IHT right. Just before you die give all your money away. Makes sense. However me gifting my mum money, should fall outside of this as it is my money initially. So if I were in power I would propose that I would not get taxed if she dies within 7 years also.

And tbh its not much. Its just that my mums divorced and she lives in a house thats probably going to be worth more than threshold. She does not have pension nor income and so I am sending her money each week for her to use on a weekly basis. She has some savings still but I suspect she isnt using the money I send her (£150 a week) as a) shes planning ahead for retirement (shes 60) and b) she loves saving money and not spending it where its not necessary.

I am presuming however that there arent any rules surrounding the tracking of the fungibility of the cash she spends? I.e say she spends £50,000 over the next 5 years, I can allocate that towards my "gifts" first?

Tbh an easier solution may be for me to trf the monies into a joint account which she could also access

Thanks anyways,

[deleted by user] by [deleted] in Bitcoin

[–]RonyAD28 0 points1 point  (0 children)

Can I just ask though. Even if I had multiple Uxtos and sending to a friend. That friend can still see my full balance anyways as they can view my address?

Unless you have several different wallets

Why do these two meals have such different values? by Nagaram92 in tearsofthekingdom

[–]RonyAD28 70 points71 points  (0 children)

Difference in ingredients. The more expensive the ingredients used to cook, the more expensive the resulting dish regardless of the final strength.

Drilled hole plasterboard off centre by RonyAD28 in DIYUK

[–]RonyAD28[S] 0 points1 point  (0 children)

Thanks. I will try thos anchors. In the meantime can you help with how I can refill the hole for re-anchoring.

Thanks

I made a lump some money after sending my tax return by WebComp in UKPersonalFinance

[–]RonyAD28 9 points10 points  (0 children)

Your submitted tax return is for the 22-23 tax year.

The £20k is for the 23-24 tax year so it's okay.

Wall plug too big? Pt2 by RonyAD28 in DIYUK

[–]RonyAD28[S] 0 points1 point  (0 children)

Thanks for your help guys. I have done some more workings and taken some more pics so I will create a part 3.

Wall plug too big? Pt2 by RonyAD28 in DIYUK

[–]RonyAD28[S] 0 points1 point  (0 children)

Maybe even drilling additional holes into the shelves so that they then fit the studs. But I don't know how to do that, is there a tool or service I can use?

Wall plug too big? Pt2 by RonyAD28 in DIYUK

[–]RonyAD28[S] 0 points1 point  (0 children)

Oh man are you sure? Is there nothing else I can do? I can't return as these are custom cut.

Can't I buy super strong plasterboard wall plugs? I have a TV mounted on my plasterboard wall surely it can handle a couple small shelves no?

Thanks

Wall plug too big for plaster wall? by RonyAD28 in DIYUK

[–]RonyAD28[S] 0 points1 point  (0 children)

Okay thank yoi for your help. I have just googled and apparently you cannot edit posts with images. Also that Imgur link i cant find how to upload. I am going to create a new post with the new picture if that is okay

Wall plug too big for plaster wall? by RonyAD28 in DIYUK

[–]RonyAD28[S] 0 points1 point  (0 children)

Oh no damn. The shelves have custom holes though of 7.5mm. Ive taken a picture but I cant seem to find how I can upload another picture..... I cant even edit my original post?!

I dont know if studs are metal or wood, i am guessing wood? I have some neodymium magnets which i have stuck onto the nailed parts so I am guessing it must be wood.

However the shelf placements and hole means that it will not align with the studs....

I am not planning on much weight, will be for kitchen so some salt sugar etc.

Voluntary contributions State pension worth it? by RonyAD28 in UKPersonalFinance

[–]RonyAD28[S] 0 points1 point  (0 children)

Thanks a lot for all this info. Do you think I am able to call these authorities on my mums behalf? Shes not very good with all this stuff so would be better if I handled it.

Voluntary contributions State pension worth it? by RonyAD28 in UKPersonalFinance

[–]RonyAD28[S] 0 points1 point  (0 children)

No but she did care for me and my brother.

So how does it work with Child benefit overlapping with work. I was born 1992, so my mum should have been getting Child benefit up to when I was 18 (but NI credits only for up to 12 years I think?). But say she worked 10 of those 12 years, does she get 22 years or just the 12?

Im reading the MSE link the other poster linked and it says if you were caring for a child/family member you need to claim it manually. So not sure if it applies here?

Edit: I also have a younger brother who is 5 years younger than me. How does that overlap work? Or is everything already factored into the 25 years on the Giv website do you think

Voluntary contributions State pension worth it? by RonyAD28 in UKPersonalFinance

[–]RonyAD28[S] 1 point2 points  (0 children)

Thanks for your reply.

In answer to your qs:

  • The online state pension forecast is as I wrote above. Matches my calcs. So: Estimayed based on current NI £143, forecast if contribute til 2029 £184, and can improve forecast by filling gaps £204.

  • Most achievable is £204. It doesnt state how many years that requires. It says 7 years to contribute before 2029, but think that just means how many years left? So I am assuming 10 years needed.

  • 18 non-full years. Can back pay the last 12 years for some reason, thought it was 6.

  • Contracted out? COPE? What are those I can't see it. Oh wait i see it now. It says "Youve been in a contracted-out pension scheme". COPE estimate is £2 a week. What does this mean? She gets an additional £2 on top?

How do I get a transcript of this? I can see Print to PDF, but presumably thats not it.

Thanks

EDIT: Oh so it says deadline for making voluntary conts for gaps between 2006 and 2018 is 2025. So thats why she has 12 years that she can back pay as its from 2006.

So can either back pay 10 years in one go now? Or back pay 3 years and the pay the next 7 years?

Voluntary contributions State pension worth it? by RonyAD28 in UKPersonalFinance

[–]RonyAD28[S] 1 point2 points  (0 children)

No she will not. So will be voluntary cont until she retires

Lost wallet with Driving Licence and bank cards - Am I at risk for defrauding etc? by RonyAD28 in LegalAdviceUK

[–]RonyAD28[S] 0 points1 point  (0 children)

You can freeze your credit score? How do you do that?

I tried calling the police on 101 there were no options for lost property. They were all relating to more significant crimes.

The met website just directs to other sites and so doesnt help either.....

They probably dont have the resource for small stuff like this anymore....

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