personal finance in the uk

There are 4 options for VWRL on my SIPP and I am not sure which is the best option for me. FUND TICKER SECTOR VANGUARD FUNDS PLC FTSE ALL-WORLD UCITS ETF USD DIS VWRL.L MISCELLANEOUS UNCLASSIFIED VANGUARD INVESTMENT SERIES FTSE ALL WORLD ETF INC NAV VWRL.P NON EQUITY INVESTMENT...

I think I covered it in the title - are there added costs to investing in a USD ETF whilst in the UK compared to a GBP one? I’ve been a long time lurker in this channel and seen VWRP recommended a number of times, so I’m optimistic that there is no difference. I use HL S&S isa in case that...

I’ve been working remotely for a client in the US. The funds are sent via PayPal from the US in pounds. I have only transferred £2K in my U.K. bank account. The rest is sitting in PayPal. Are there any tax implications in the U.K.? I’m a U.K. citizen (been to the US for work before and have a...

I believe there's no limit on gifting money or assets to one's spouse. If I had an asset that had depreciated since I bought it and my spouse had an asset that had appreciated, could I gift them my asset so they could sell them both and offset the CG loss against the gain, and then they gift...

Need a new phone and was thinking of buying a second hand iPhone and sim only deal. I’d save about £600 I think. Are there any concerns about buying a used iPhone; someone could have installed malware on the used phone to extract my data is my main concern

Hi everyone I have a Postgraduate Student Loan which currently attracts an interest rate of 6.5%. This could vary over the life of the loan. Should I pay off the Postgraduate Student Loan aggressively or invest in my Vanguard LifeStrategy 100?

I am thinking about adding the S&P 500 into the mix but looking at any advice . I feel happy with my mix of risk, put more in technology because I believe in it and decided a bit more risk was acceptable . Currently not paying into this due to moving jobs and house but once settled will start...

On balances up to 25K, anything over 25K only gets 1.5% Gross. Worth noting for high rate tax payers this would push them over the £500 tax free allowance per year. Also, no news on if the Current account will have an interest rate rise. As that always had the 2% interest on the first £1,000...

Hoping somebody here can help me with sorting out my portfolio. I have about £300k on Hargreaves Lansdown: £160k in a regular Fund & Share account, £73k in a F&S ISA, both mostly all invested in OEICs tracking the S&P and European equities. The rest is held in a cash saver. I’ve belatedly...

Dear all, I'm new to passive investing. I've made an account with A.J. Bell. I'm looking to invest in a global index fund for the long-term. The # 1 issue is cost. I went on A.J. Bell's fund screener and had a look for low-cost global index funds. But, the lowest cost fund there that I...

Hi, I have a sum of money to transfer to a balance transfer card. I most likely will not be able to clear the amount in the 12 month 0% period. There is a 4.9% for 48 months. Now the 0% has a 5% fee and the other option does not have any fee other than the 4.9%apr. I could clear the balance in...

I make ~£58000 a year post-tax I have a 2019 car, ~£18000 loan, 9.9% APR, 3 year long, £1000 down initially + £600 trade-in of my old car as scrap I pay £220 a month (this includes warranty and breakdown coverage extras) Instead of giving the details on how I couldn’t find a better option at...

Hi All, It really is time for me to bite the bullet on buying a newer vehicle. I've got a family with two children and we both currently drive around in 15-20 year old (volvo estate and a fiesta) cars (neither which have air con). I think we've done bangernomics for long enough and now need...

Stupidly, about three years ago, I opted out of my previous companies pension scheme. It was based on qualifying earnings and thought it was generally just a poor scheme. Fast forward to April 2022, landed a new role. Was auto enrolled for a few months but decided (for whatever reason) to...

Hello. I am about to set up a trading business to run part-time alongside my full-time job. I will have separate bank accounts and plan to keep any profit within the business rather than use it for personal expenditure. It seems like it would be better to set up a limited company than be a...

Hello. Am considering buying a 3 year old car outright, or delaying that purchase by buying a lease car (new/used) for 1-3 years. I know buying outright is the most sensible for my long term wealth therefore I'd like to have an indicator of the overall extra cost of taking a lease instead of...

I’m a freelance 29 y/o designer earning around £60K per year living in London. I currently have a Moneybox account with about £15K split between: Pension (Global shares ESG) S&S ISA (FTSE, S&P) LISA (Cash) Savings account (4.4%) I want to know how to best split my monthly savings (~£1,200)...

Question: does this sound like a fair deal for me? Would it ever make sense to purchase a home on an interest free loan if I am not living in it and not getting any rental payments from it? Essentially this boils down to my parents acting as a bank providing interest free loan repayable in...

Hi all, I'm seeking to regularise my tax position and my accountant is currently searching for a blockchain specialist company who can submit a detailed analysis of my bitcoin transfers in and out, which can then be sent to my accountant who will calculate my tax liabilities. Does anyone know...

For context both N and R are 24, N works as an engineer at a mid-size company, R works as a risk analyst for a large financial services company. We live near Leeds in a 2-bedroom rented flat and own our car (2006 VW Golf). In the remainder of the year our goals are to stop traveling for a bit...