r/ukfinance

I’ve borrowed on my mortgage £20k, to have essential roof replacement on my home. I haven’t been able to book the work to be done until the funds were confirmed, so I’m now sat on this £20k for a few months until the roofers are available to carry out the work.
I’m looking to put this money into a flexible cash isa to earn a few £ until it’s needed, is that ok? Savings accounts/ISAs aren’t something I’ve ever had, so I’m trying to learn a little later in life.

Currently I have 3 different workplace pensions and a SIPP too. In total I have around 170k in my pension across all 4.

I am late 30s. I am going to be putting in around 28k each year into pension (this includes employer contributions. Want to retire at 55.

Have I got enough in at this stage or is it too low?

Hey all,

I am 21, and just starting my second year of self employment. I have yet to pay any taxes, i will first need to do on by Janurary. Currently I had been investing my tax money in a stocks and shares ISA, but I can confidently use my full 20K limit each year via putting 4K into my LISA, and the rest is being invested in my S&S ISA. So I am just wondering if its worth to invest it in a normal investing account? I know it might also be risky to be doing that anyway, I would probably just have it in a safe fund like an all world, so it can get some extra profit rather than just having it sit in a normal savings account.

So, what do other people save their money for tax, is it smart investing it in a safer fun to gain some profit, does anyone else invest their tax money?

I am earning around £3.2K each month more or less.

living at home with no rent or bills.

Thanks!

Hello everyone, I have been incredibly lucky to be able to max out my S&S ISA allowance this year with inheritance.

I am due to Deploy with the armed forces in December and won't return till June.

Due to my salary and various bonuses that are paid during a deployment. I will make roughly £30,000 while I don't have access to my accounts.

What options do I have to maximise my savings/generate interest while I'm abroad?

So I am going to explain everything I do financially, is people can give my any general advice or tips on where to improve!

I am 21, just finished university for a degree in which I am not going to use whatsoever, as I had a very interesting social media marketing job come up around a year ago.

I live at home, paying £90 a month for rent. I am self employed and also working at home. I earn around £3.2K each month, and currently creating business that will hopefully see that rise in the future.

I have been invest every month since December 2024. I have £17K total in my investment funds and another £8K in my LISA. I feel I am always quite good with investing every month, I really enjoy it, and enjoy investing in some stocks, here are my current holdings incase anyone is curious!

OKLO
ASTS
Rolls Royce
ASML
Intel
Wisdomtree AI
Wisdomtree European Defence
Wisdomtree Nuclear Energy
EnSillica

So I plan on holding for many years, my main holding is OKLO with around 23% of my portfolio, which is higher than I would like, but i have been adding more recently with the dips.

Anyway, here is what I would do after beeing paid £3.2K

-£700 into a all world investment pie specifically for taxes. £2.5K left
-£90 to my mum for rent £2410
-£300 for my car, its £260 each month, but i do £300 total. My old car recently broke, so I bit the bullet and spent a bit more for a 2022 Audi A1, something that I can keep for as long as possible, £2110 left
- I leave myself £200 each month to do whatever with, normally dont spend it all. 1910
-£1000 into my LISA, or once I have maxxed the LISA out, I put it into my house pie on my T212 S&S ISA - £910
-£710 into my general savings investments, ideally would like to be putting both £1K into this and my LISA each month.
-£200 into random pot of money in my bank savings pot, which has £1K in it, I use this as if i ever need extra money, this is also money i have any holiday money saved. I guess this is kinda an emergancy fund as well, though not fully, i should aim to have £5K or so in once in the future.

So i choose to leave myself around £150-£200 each month to do whatever with, which is usally fuel, or going out with to each with my girlfriend or mate.

My main thing is that I want to move out in around 2 years once my girlfriend is done with uni. I currently have £12K saved in total specifically for moving out, with the option to add more from my general invetment savings, but I would rather not. With the aim of adding 1K to my moving out fund each month. My gf has around £150 in her LISA, and we have spoken about her adding more if we are to move out. We have also agreed that should we break up and sell the house, I would get all my depiost back as extra, and she would get hers back as well, then we split the house down the middle assuming we both half the bills.

I also dont know if I am putting enough each month aside for taxes? I think it should be higher, and can do more if needed, but damn, taxes really do kill you lol.

Also, I have been thinking once I have maxed out my ISA 20K allowance, should i start investing in a general investing account on T212 and take the 25% stock profit it? Surely It would still be better than a normal savings account?

So yeah, if anyone has any tips/feedback/advice whatsoever, I would really welcome it! Especially any tips regarding taxes for a self employed person as this will be my first time doing it later in the year, I have saved every invoice from which I have been paid!

What are people’s experiences/views of purchasing an annuity to cover a parent’s care home fees?Does the insurer always ‘win’ and even so, does it bring a sense of certainty when managing someone’s investments under a LPOA? Thanks

Hi all, looking for recommendations for good banks to open a new business account with as a small-medium sized charity. Low 6 digit balance. Needs to have the option of a normal current and a high interest savings account, ideally with automated transfers between them. Enable online banking for several people, ideally be easy and straightforward and where I could set different limits and rules for specific people or departments, also possibly with debit cards.

Ideally looking for ethical banks due to the sector of the charity.

The charity is currently with RBS and desperate to move away.

I was considering Charis last year, but they've had nothing but issues. Also considered the cooperative bank. But at the time their waiting times were fairly long.

An easy and quick sign up process would be ideal. Based in Scotland, but happy to consider any banks. They need to offer the usual protections and also have a requirement of two signatories minimum, as that's required by funders.

Also if anyone is considering RBS, just don't. We have the fourth active complaint open with them this year alone. Without going into details, they were all upheld due to a number of reasons.

Any recommendations would be appreciated!