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15-11-2020, 16:06
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#41
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2 phalanxs and a catapult
Join Date: Sep 2001
Posts: 36,465
Thanks: 639
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Yes think so. I get the letter but by the time I have done the checks -charity amounts, is interest under £1000/£500, what’s my other Income, is that under £1000? I may as well just complete the online form!
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16-11-2020, 20:19
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#42
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Alone in the Atlantic
Join Date: Feb 2001
Location: Falkland Islands
Posts: 24,118
Thanks: 291
Thanked 1,313 Times in 925 Posts
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Yes that sounds right, it costs them money to process the SA returns so they're always trying not to and I guess many people won't be bothered to dig through receipts and ask for £50 of gift relief if they haven't got a form to hand.
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17-11-2020, 13:36
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#43
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Administrator
Join Date: Jun 2001
Location: In my own little world
Posts: 29,887
Thanks: 71
Thanked 222 Times in 194 Posts
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I can't do premium bonds (ex-pat and being in the US makes it illegal for me to officially invest in premium bonds apparently as it is seen as gambling (even though cannot lose money) or ISA, so I am stuck deciding what to do. I have money in UK still that is currently earning 0%. No pension either as an option as not enough UK income to make it worthwhile. Stock market is an option for sure (direct investment), but risky and needs some management (or to pay someone to manage it).
Property prices are still just a little too high for me to buy another property in cash, so kind of stuck. Anyone have any (serious) ideas what I could do there?
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17-11-2020, 14:47
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#44
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neergesab
Join Date: Feb 2001
Location: Too far south..
Posts: 16,630
Thanks: 768
Thanked 974 Times in 706 Posts
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Perhaps look at a few ETFs?
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17-11-2020, 15:25
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#45
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2021 is the new 2020
Join Date: Mar 2001
Location: Part of Europe
Posts: 24,232
Thanks: 1,555
Thanked 4,247 Times in 1,402 Posts
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Is paying off your mortgage still the thing to do in this day and age when the opportunity arises? Think I'm down to about £70k now.
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17-11-2020, 15:41
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#46
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neergesab
Join Date: Feb 2001
Location: Too far south..
Posts: 16,630
Thanks: 768
Thanked 974 Times in 706 Posts
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There's been a few interesting bond issues recently - Freddies Flowers (twice I mentioned them this week) did one and raised 3m. They were paying 5%+
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19-11-2020, 16:06
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#47
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Administrator
Join Date: Jun 2001
Location: In my own little world
Posts: 29,887
Thanks: 71
Thanked 222 Times in 194 Posts
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Quote:
Originally Posted by basegreen
Perhaps look at a few ETFs?
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Maybe. Need to get a good online broker I can sign up for. I have quite a few ETFs in the US, but have to be careful as I do have some FTSE and UK based ones too via one of my US brokerages so do not want crazy tax situations there with any wash sales etc.
I have no mortgage so that is not an option for me to pay off.
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19-11-2020, 16:44
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#48
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neergesab
Join Date: Feb 2001
Location: Too far south..
Posts: 16,630
Thanks: 768
Thanked 974 Times in 706 Posts
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Just buy some Tesla stock 
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19-11-2020, 16:57
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#49
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Trusted User
Join Date: Sep 2000
Location: UK
Posts: 26,234
Thanks: 196
Thanked 373 Times in 259 Posts
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Quote:
Originally Posted by Boink!
Is paying off your mortgage still the thing to do in this day and age when the opportunity arises? Think I'm down to about £70k now.
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It probably depends on what interest rate you're on.
We were on something like 2.39% fixed for another 7 years ( don't ask ) so it made sense in our case.
It was always drummed into me, by my parents, that you pay debts off first before saving
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19-11-2020, 16:59
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#50
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neergesab
Join Date: Feb 2001
Location: Too far south..
Posts: 16,630
Thanks: 768
Thanked 974 Times in 706 Posts
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OVO pay 5% on account credit balances up to about 2K ;-)
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20-11-2020, 09:47
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#51
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Alone in the Atlantic
Join Date: Feb 2001
Location: Falkland Islands
Posts: 24,118
Thanks: 291
Thanked 1,313 Times in 925 Posts
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Depends on your mortgage rate and whether you might need the money.
What about some shares if you've money lying about? I'd have thought amazon will keep climbing for ever
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20-11-2020, 16:04
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#52
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Administrator
Join Date: Jun 2001
Location: In my own little world
Posts: 29,887
Thanks: 71
Thanked 222 Times in 194 Posts
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Quote:
Originally Posted by basegreen
OVO pay 5% on account credit balances up to about 2K ;-)
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How many accounts can I open 
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20-11-2020, 17:49
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#53
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neergesab
Join Date: Feb 2001
Location: Too far south..
Posts: 16,630
Thanks: 768
Thanked 974 Times in 706 Posts
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Haha.
If you have modest savings though it’s not a bad place to put it!
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20-11-2020, 19:42
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#54
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2 phalanxs and a catapult
Join Date: Sep 2001
Posts: 36,465
Thanks: 639
Thanked 416 Times in 213 Posts
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I need to move my Santander 123 since the rate plunged (was 3% once, now 0.6%!!)
But everything sucks!
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21-11-2020, 16:03
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#55
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[o]EvilTwinkle
Join Date: Sep 2002
Location: Cov
Posts: 6,640
Thanks: 612
Thanked 924 Times in 647 Posts
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Yeah, the 123 is still one of the better options, despite it being a lot worse than it was. Shame they chose to keep the account fee.
__________________
I've got a signature and an avatar :p
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21-11-2020, 20:11
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#56
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Blandiblub
Join Date: Feb 2001
Location: Kent
Posts: 12,338
Thanks: 30
Thanked 167 Times in 114 Posts
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We switched to the 123 Lite account and moved most of our excess money into Marcus (even if that's also less attractive now).
__________________
'Haven't you ever practiced on one of your girlfriends?'
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21-11-2020, 20:21
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#57
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2 phalanxs and a catapult
Join Date: Sep 2001
Posts: 36,465
Thanks: 639
Thanked 416 Times in 213 Posts
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I think I just about get enough cash back to cover the fees.
And I also have 123 credit card. So doesn’t seem worth switching and moving to lite.
But I should probably move hskf out and put more into my rate setter isa, that’s still paying 2-3% right now (which is 50% discount from normal rate)
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21-11-2020, 22:01
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#58
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Trusted User
Join Date: May 2001
Location: East Northants
Posts: 3,697
Thanks: 74
Thanked 92 Times in 48 Posts
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Quote:
Originally Posted by cjanderson
But I should probably move hskf out and put more into my rate setter isa, that’s still paying 2-3% right now (which is 50% discount from normal rate)
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You might already be aware but getting money out of your RateSetter ISA might be tricky - I'm still waiting for money to be released that I requested in April. I'm hopeful I'll get it by next April...
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21-11-2020, 22:37
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#59
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2 phalanxs and a catapult
Join Date: Sep 2001
Posts: 36,465
Thanks: 639
Thanked 416 Times in 213 Posts
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Yeo true my other half tried to withdraw a load in March and took 2 months.
I would also be up to the fsa limits anyway which I think apply? But maybe not!
Oh well, stick with Santander then!
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24-11-2020, 11:12
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#60
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Administrator
Join Date: Jun 2001
Location: In my own little world
Posts: 29,887
Thanks: 71
Thanked 222 Times in 194 Posts
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Quote:
Originally Posted by basegreen
Haha.
If you have modest savings though it’s not a bad place to put it!
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 This is quite a bit more than that though, not worth that hassle 
The key for me is that I can open as an ex-pat. I am still a UK Citizen though so still have a NI number and even a UK address.
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