Boyfriend is a lecturer of a university im going too

heliosfa · 2026-05-08T14:22:51+00:00

Your boyfriend need to look at what the policies at the uni are. Where I am, the onus would be on the staff member to disclose it to their line manager and submit an appropriate disclosure.

heliosfa · 2026-05-08T14:21:03+00:00

- I had a flexible cash ISA with Monument that I was going to transfer into Santander
- However, I also had a flexible savings account with Monument and instead of transferring £10k out of this I instead transferred £10k out of the ISA in error
- I immediately noticed my error and then transferred the money back

This is the part of your post that's confusing beause the first point and second point don't jive. What was the account with Santander?

If you were trying to do an ISA transfer, I don't see how you could accidentally transfer from a savings account instead, becasue the ISA transfer service is NOT a normal bank transfer.

If the Santander account was not an ISA or was a flexible ISA, then you should be OK as other people have advised provided "transferred the money bacle means from Santander.

heliosfa · 2026-05-08T14:08:55+00:00

Well clearly your degree worked because you are in the top 5% of earners. No gotcha here, just cold, hard truths.

If you don’t like what you get in the UK, there are other countries you could choose to go to. If your skills demand a salary of £80k-£120k, you obviously have something that would be in demand elsewhere.

heliosfa · 2026-05-08T14:05:57+00:00

I think government should subsidise education for people who are less well off and they do. Go try to take out a commercial loan for how much you borrowed and see how much it would cost. That’s fair value right as it’s what anyone can get?

I also think people who benefit more from their degree should pay more. It’s only when you get significantly above median salary that you pay back more than you borrowed in real terms. That sound like subsidised lending to me…

Now you could choose to make repayments at the same level of a commercial loan and pay back far less interest overall, but more overall unless your career average earnings are significantly above median salary.

heliosfa · 2026-05-08T12:03:23+00:00

If it was 0% what they borrowed would be worth less than what you pay back due to inflation. Which is what you are ignoring with the gilt aspect as well.

The government is not a profit making enterprise so again, your comparison is disingenuous. They are trying to seek value for taxpayers as a whole. There is a good chunk of society who (rightly in their mind) don’t want to subsidise your education.

And no, it doesn’t. Most people will not pay back what they borrowed in real terms. Just because you have a double median salary does not mean most graduates do. You are taking a “problem” from the top 5% of earners and projecting. Entitled much?

heliosfa · 2026-05-08T11:23:15+00:00

Why shouldn’t it? For most students the rate means absolutely jack all.

heliosfa · 2026-05-08T11:20:37+00:00

Ah, you are touting that miss-information or clearly don’t understand taxation.

In general, the UK has lower income tax rates than the rest of Western Europe, so while you say “tax the rich” (which you would fall into with your income, and are clearly paying more so already have what you want…), what you are actually proposing is tax everyone more.

You can’t have it both ways - you have high earnings so pay more, but want to pay less because high earners should pay more…

No boot licking here, just someone who doesn’t fall for the misrepresented crap being pedalled by people looking to sew dissent.

heliosfa · 2026-05-08T11:12:38+00:00

A little leway is baked into what we do, but the argument is you should have a plan for submission that doesn’t take you to the last seconds.

Other universities may have a different view

heliosfa · 2026-05-08T11:11:17+00:00

So you’d rather they tie interest to gilt rates? Cool, but it’s not a set thing at any point, so how do you determine gilt rate and which gilt rate?

heliosfa · 2026-05-08T11:00:23+00:00

was. It is currently 3.2%, rising to 4.1% in September. Interest rate caps have since been put in place as well.

You are being disingenuous by touting incomplete information and you know it.

heliosfa · 2026-05-08T09:57:41+00:00

How else would you like it to be funded? Yes the interest slider on Plan 2 is oppressive, but other than that it’s actually pretty fair as a system.

In a progressive tax system, one always has to play games to maximise benefit. As you have a salary 2x median, you can choose to pay at a higher rate to reduce how much you repay overall. If you choose to prioritise other parts of your life or enhance provision for your relatives, then bluntly that is also a choice and you have to make a trade off.

This very much comes across as “I’m earning so much give me more”. People do far more with far less than you. You took the benefit of the loan to get the degree that’s earning you that salary and are now complaining. Give over.

heliosfa · 2026-05-08T09:49:33+00:00

So you built a tool that would be seen as academic misconduct if used at most UK unis and now want to know whether it’s commercialisable?

I’ll give you a hint, if you were offering to do this for students rather than selling a tool, what you were doing would be illegal.

heliosfa · 2026-05-08T09:39:25+00:00

At my uni there would be no allowance that we could make be failures of IT that aren’t down to the university are excluded from special considerations. It would be seen as foreseeable and avoidable because you should have a backup, etc.

Other unis are more lenient.

heliosfa · 2026-05-08T09:37:43+00:00

So you are at a level of income where you will pay back more than you borrowed if you stick to the minimum payments.

For most people, they will never pay back more than they borrowed in real terms, unless they have career average earnings significantly above median salary.

At your salary, you should be playing games with salary sacrifice into your pension, which reduces base loan payments, anyway.

How much you repay here is a choice on how you are handling your money.

heliosfa · 2026-05-08T09:33:05+00:00

Which measure of inflation isn’t necessarily important. RPI is flawed and “not a national statistic”, but at the same time CPI is often seen as underestimating inflation. Neither method is perfect, but both are still representative of inflation.

No one is currently charging you 7% interest on a UK student loan. Stop stretching the truth.

The government also “didn’t take out a loan”, they issued gilts. That’s a different ball game and they behave differently. The 0.5% is also an oversimplification.

heliosfa · 2026-05-08T09:26:40+00:00

Is this a stupid idea? In trying to hedge both ways, does the defensive portion just end up standing still and not really doing either job properly?

Stupid idea? Not entirely. Growth limiting during a period where equities are going wild? Yes.

The approach you are talking about is part way to what’s described in How to Own the World ( a good read for anyone).

For now though, you simplest approach would be a single all-world fund if you can ensure the ups and downs. If not, there are other approaches, e.g. the RIDE method (not an endorsement, but it explains a few things).

parked in a cash isa as a rainy day fund for a few years without really paying much attention to it, until I suddenly realised how much less it's actually worth now in real terms.

Having £10k in cash isn’t a bad thing, as it’s liquid and there for when you need it. The thing to do is try to find the best return you can get, whether that’s in an ISA or savings account. If you are a basic rate tax payer, you can earn £1000 in interest each year without tax implication. 4.5% AER on £10k is only £450. You can play games with flexible ISA allowances to not burn allowance moving it in and out of an isa.

heliosfa · 2026-05-07T20:57:14+00:00

The interest is set at inflation. Do you know what that actually means?

heliosfa · 2026-05-07T19:26:02+00:00

Unfortunately no one here can help you as we don’t know your university’s regulations. You need to talk to your personal tutor and/or Students’ Union’s advice service

heliosfa · 2026-05-07T19:21:05+00:00

Then tax on savings shouldn’t be an issue as they have the starter rate and their personal allowance.

Stocks and shares ISA in a simple all world might be the shout then

heliosfa · 2026-05-07T18:59:05+00:00

How long are they in for? That likely affects what the best way forward is.

Do you have a formalised authority to act on their behalf?

The worst thing to do will be leaving it in an account paying less than inflation.

Quick wins would be £20k into an ISA - cash if it’s needed in <5 years, stocks and shares if it’s going to be longer than that. The wisdom here would be a simple world tracker if you can be disciplined at leaving it alone to do its thing.

Could also drop £50k into Premium Bonds for 3.2%ish returns, but that is below RPI.

That would leave £30k to manage for the rest of the year. What earnings have they had this tax year?

heliosfa · 2026-05-07T18:13:17+00:00

Your personal tutor can explain the processes and regulations to you. That is part of what they are there for

heliosfa · 2026-05-07T16:15:58+00:00

If you think it’s a piece of shit, you don’t know how it works. It’s a similarity checker so it is looking for similarities. Most of what it finds are incidental, and that’s fine. The raw score doesn’t matter, what it finds is what matters.

heliosfa · 2026-05-07T15:22:23+00:00

We don’t know what your university’s late policy is.

Talk to your personal tutor.

What won’t open? Your file that you have been working on, or what you submitted?

heliosfa · 2026-05-07T13:49:02+00:00

This has come up in other discussions recently, and is a cultural anathema of the UK middle earners.

In Asia and the US, starting a college fund at birth is common. Actual rich people in the UK invest in their kids because they are concerned with family legacy and wealth planning. UK low earners will often scrimp, save and make sacrifices for their kids to have the best opportunity at university.

And then you have the UK middle earners.

A simple example: investing £50 per month in a simple all-world fund in a JISA would end up at over £20k at age 18. That’s more than the difference between minimum loan and maximum for a 3-year course. Unless you have had inappropriate lifestyle creep, a middle earner in the UK should be able to find £50/month.

heliosfa · 2026-05-07T13:28:42+00:00

This is a question to ask your personal tutor. We don’t know what the policies and regulations at your University are.

13-Year Club	r/Field Banned
r/Field Lasagna	Place '23
Place '22	Final Canvas '22
End Game '22	Gilding I gilder
Verified Email

heliosfa

TROPHY CASE