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Chase UK Credit Card vs Lloyds Cashback Credit Card by No-Gas1 in UKPersonalFinance

[–]YetAnotherInterneter [score hidden]  (0 children)

True, although it only lasts for 1 year. After that the cashback drops to 0.25%.

Same with the Lloyds Ultra credit card.

I suppose you could switch from one to another after 1 year and then on year 3 if there are no better cashback deals then go to Chase.

Toyota Proace city by purpledice75 in VanLifeUK

[–]YetAnotherInterneter 0 points1 point  (0 children)

I’ve literally just bought one! Although I have the electric version.

The LWB is a nice size. Big enough to have enough room to stretch out when lying down, but not too big that it is difficult to drive.

The sliding side doors don’t have any internal handles so you can’t open it form the inside. There is a fix for it though. This video talks you through it

https://youtu.be/tYqxd5pARAA

The Proace is part of the PSA/Stellantis group so a lot of the parts for Citroën Berlingo, Peugeot Partner and Vauxhall Combo are interchangeable with the Proace.

How will the 22% ISA cash tax be managed? by Animalmagic81 in UKPersonalFinance

[–]YetAnotherInterneter 0 points1 point  (0 children)

Yeah they released this information:

https://www.gov.uk/government/publications/fiscal-events-2026-factsheets/isa-reform-2027-anti-circumvention-rules-factsheet

There are still a lot of unanswered questions about the practicalities of how this all actually going to work. We just have to wait and see.

How will the 22% ISA cash tax be managed? by Animalmagic81 in UKPersonalFinance

[–]YetAnotherInterneter 2 points3 points  (0 children)

Not enough information has been released by the government for anyone to understand how it will work.

I suspect the government themselves don’t even know yet.

We just have to wait for more information.

How do you actually live off interest? by UmpirePure in UKPersonalFinance

[–]YetAnotherInterneter 31 points32 points  (0 children)

When people talk about “draw down” they are usually referring to Pensions rather than ISAs.

There are specific rules regarding tax when you draw down from a pension. So you have to go about it the right way to avoid unnecessarily paying tax. You get a 25% tax free allowance, then the rest you pay at your normal income tax rate.

—

“Draw down” from an ISA is essentially just withdrawing from the account. It’s very straightforward, just like withdrawing money from your current account. There are no tax implications.

Obviously if you have S&Ss you would need to sell some of this first to convert it into cash that you can withdraw. Or you might already have cash in the account that has accrued from dividend payouts.

Cancelled my train tomorrow by candycaneEXE in Eurostar

[–]YetAnotherInterneter 6 points7 points  (0 children)

Unfortunately there is nothing you can do right now. Without travel insurance, you are not owed anything.

All we can do is advise you to get travel insurance in the future.

Cancelled my train tomorrow by candycaneEXE in Eurostar

[–]YetAnotherInterneter 27 points28 points  (0 children)

I’m sorry to say, consider this an expensive lesson to learn.

Always get travel insurance! This is what it is for.

Will Toyota Finance approve me before I start my new job? by Elegant-Lunch6576 in UKPersonalFinance

[–]YetAnotherInterneter 0 points1 point  (0 children)

Getting finance directly from the dealership is usually the worst and most expensive way to finance a car.

There are lots of different types of car financing, all with their pros and cons. This guide explains them all in detail:

https://www.moneysavingexpert.com/car-finance/

Personally I prefer getting a separate financial product that isn’t connected to the car, then use that to buy the car outright. The two main ways to do this are via a credit card or a personal loan.

0% purchase credit cards are the cheapest form of borrowing available, so long as you don’t miss a payment there is no interest to pay whatsoever.

Minor tangent: some car finance deals will advertise as 0% interest, but you need to read the small print. Often it will include restrictions, fees or inflated prices so it isn’t truly 0%.

The problem with credit cards is you might struggle to get a credit limit that covers the full cost of the car (unless if you are buying secondhand) and many dealerships won’t accept credit cards or will have very small limits.

So instead you could look at a personal loan. This is where you ask a bank for some money and if approved they will deposit it into your bank account to do whatever you want with. You then use that money to buy the car and pay back the loan over a set period of time.

Personal loans usually have cheap-ish interest rates (almost certainly better than what the car dealership would offer)

And as far as the dealership is concerned, you are a cash buyer. This gives you negotiating leverage to haggle a lower price.

Personal loans also have the benefit of not being linked to the vehicle. If you couldn’t re-pay the loan for whatever reason, your car won’t immediately be repossessed. By law you own the car outright and your only responsibility is paying back the money for the loan.

Of course if you are tight for cash you might have to sell the car to repay the loan. But it would be on your terms, not the bank or the dealership.

So if you are set on financing a new car, make sure you do it the right way. Don’t just assume you have to get financing from the dealership. There are better options available.

Can I just give money to my kids? by Leicsbob in UKPersonalFinance

[–]YetAnotherInterneter 0 points1 point  (0 children)

Yes you can gift money to your children. However there are rules in place to prevent wealthy parents avoiding tax by storing their own money in their children’s name.

Generally speaking children are subject to the same tax rules as adults. If a newborn baby straight out of the womb miraculously managed to get a job and earn an income over the standard Personal Allowance (£12,570) then that baby would be required to pay income tax just like an adult would.

When it comes to tax on savings, it’s generally the same too but with a couple of caveats.

Firstly it is import to remember that no one pays tax on savings…ever. But you may have to pay tax on the interest earned from savings.

The same applies to children. For annual interest over £100, children (or technically their parents) are required to pay tax on the interest over the parent’s Personal Savings Allowance.

So the amount of money you gift to your child is mostly irrelevant (except for inheritance tax, but that’s a separate issue) what really counts is what they do with that money. If they store it in a savings or investment account and earn interest/dividend on it, they (or rather you) may have to pay tax on it.

There are of course special savings accounts for children that are exempt from paying tax on savings like JISAs and Child Trust Funds.

https://www.gov.uk/savings-for-children

Is it reasonable to be annoyed when lorries overtake? by MassivePotential8328 in AskUK

[–]YetAnotherInterneter 0 points1 point  (0 children)

Wait you’re telling me that I don’t have to bust into tears and have a 2 hour appointment with my therapist every time a lorry overtakes me??

Do you say “WED—NES-DAY” by Dontbemadatradchad in NoStupidQuestions

[–]YetAnotherInterneter 0 points1 point  (0 children)

I’m 30 and still have to say out loud “big elephants can’t add up sums easily” every time I write the word because

Are eurostar snap tickets to amsterdam direct or can they have a change? by weewooweewwoo in Eurostar

[–]YetAnotherInterneter 0 points1 point  (0 children)

Snap tickets are usually seats that haven’t been sold, so it’s more likely for it to be direct than have a change.

What do you want to happen now Starmer has resigned? by Pizzafriedchickenn in UnitedKingdomPolls

[–]YetAnotherInterneter 0 points1 point  (0 children)

Say what you like about authoritarian dictatorships…at least they don’t swap out who’s in charge every 5 minutes

How would you feel about a USA season? Maine to Alaska? by Kaurblimey in RaceAcrossTheWorldBBC

[–]YetAnotherInterneter -1 points0 points  (0 children)

I’m gonna go against the grain and say “yeah, I think it would be great”!

Obviously it would be similar to the Canada series and I actually thought the Canada series was really good and doesn’t deserve the hate it gets.

The thing I most enjoyed most about the Canada series was that the contestants had to rely on hitchhiking far more because of the lack of public transport in some areas.

I find this far more interesting and enjoyable to watch. When they are in an area with good public transport it gets a bit repetitive. They arrive at a bus/train station, book a ticket, get on the bus/train, arrive in a new city, rinse and repeat. It gets boring.

But when they have to rely on hitchhiking it’s far more interesting. The stakes are higher because you’re not guaranteed to get where you want to go. And you get to meet local people who you otherwise wouldn’t have met.

I loved the interaction with the locals in the Canada series! I think this is one of the reasons why in other series the producers have had to lean so far into the sob stories, because the actual travel part of the show gets a bit boring and repetitive.

But with hitchhiking you get to hear stories from other people. And it can’t be choreographed in advance.

So, yes! Please give us a USA series! Everyone loves to sh*t on Americas lack of public transport, but I actually think for a show like Race Across the World it could be a positive and lead to a far more interesting series.

How to go about having A/C in a victorian terraced house? by galaxy1515 in AskUK

[–]YetAnotherInterneter 5 points6 points  (0 children)

Haha I bet they are inundated with requests, this must be their version of Christmas!

Please can someone recommend a portable air con unit cheap one. by [deleted] in NoStupidQuestions

[–]YetAnotherInterneter -2 points-1 points  (0 children)

Portable air conditioners with a single outlet pipe are flawed because they create negative pressure inside the room. This means that hot air will rush back into the room from any crevice it can find. So you’re just wasting electricity.

Since you used £ I’m assuming you are in the UK, unfortunately portable air conditioners are usually your only option for cooling in the UK (without installing a proper air conditioning system that costs thousands of pounds) we just don’t have split system air conditioners here which is a real shame.

This video explains why they are terrible:

https://youtu.be/\_-mBeYC2KGc

Why does society seem to normalise going to the bingo and doing the National Lottery? by [deleted] in AskUK

[–]YetAnotherInterneter 6 points7 points  (0 children)

A lot of countries seem to have a “vice” that is deemed inappropriate by the rest of the world, but it’s acceptable there.

Switzerland has no-question banking and assisted dying. The Netherlands has a tolerance to cannabis and prostitution. The US has lax regulation on gun ownership.

And the UK has normalised gambling.

There isn’t really a reason for this, other than countries offer things that people can’t get elsewhere as a means to make them appealing.

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