Yahoo! answers - www.unbiased.co.uk
Unbiased.co.uk features as a Knowledge Partner on Yahoo! Answers. The Knowledge Partner programme is a way for organisations to share their specialised knowledge and directly engage with the Yahoo! Answers community. Unbiased.co.uk’s ‘find an IFA’ search has brought a panel of specially selected IFAs together on Yahoo! Answers to help answer some of your questions on financial issues including tax, investment and savings, pensions and protection.
Will you still receive redundancy pay?
Asked by Fran - 1 year ago
No, you only get redundancy pay if you are made redundant. If your employment transfers to another company there is not normally a redundancy then re-employment. Disclaimer: The answers above are for guidance only and should not be acted upon without...
What does the term balance of payment mean?
Asked by Jeni D - 1 year ago
Assuming you mean the national balance of payment, this is a record of all the monetary transactions between the 2 countries. The transaction include all import and export of goods, services as well as financial transaction over a period,...
Best answerWhat's the best child savings account on offer at the moment?
Asked by Jeni D - 1 year ago
The best one at present is a 1 year fixed rate bond paying 6% pa – this has a minimum deposit of £10. Whilst Northern Rock is best for instant access and pays 3% on deposits of as little...
How do I set up a hedge fund?
Asked by Jeni D - 1 year ago
There is good article in the Guardian which should provide some guidance. http://www.guardian.co.uk/money/2008/aug/06/investmentfunds.investing Disclaimer: The answers above are for guidance only and should not be acted upon without you receiving independent financial advice relevant to your circumstances. To find...
Best answerWhat is a stocks and shares ISA?
Asked by Garry H - 1 year ago
An ISA is a tax wrapper, a way of sheltering the underlying investment from taxation. In the case of a stocks and shares ISA, the underlying investment is usually either shares or unit trusts and the ISA wraps...
What is overseas investment?
Asked by Rowan Mead - 1 year ago
An investment which is not based in the UK (or your home country) Disclaimer: The answers above are for guidance only and should not be acted upon without you receiving independent financial advice relevant to your circumstances. To find and...
What is CGT? I understand it's been in the news regularly but I don't actually understand what this means?
Asked by Caroline - 1 year ago
Capital gains tax is an investment tax applied to the growth of certain investments not normally subject to income tax. the best examples are 2nd homes, shares and unit trusts. The current rate of capital gains tax...
WHAT IS A Basic-rate taxpayer?
Asked by AK0705 - 1 year ago
A Basic rate tax-payer is simply someone who pays tax at the basic rate – currently that is 20%. For someone with the standard personal tax allowances they are allowed to receive £6,475 of income without any income...
Paying Income Tax on the First £6475?
Asked by dave s - 1 year ago
Typically the amount you can earn each month before you pay tax (and National Insurance) is one twelfth of the annual income tax allowance - £6,475. Under the Pay As You Earn rules your annual allowance is allocated to...
if you earn £24000 how much tax will you pay?
Asked by Doreen - 1 year ago
Assuming that you are aged under 65 and have the standard personal allowances, then the first £6,475 of your earnings will be free of income tax. The remainder will be taxed at 20%. In this case £24,000 less £6,475...
How do you set up an offshore bank account?
Asked by 23041983 - 1 year ago
All banks have to verify identify of anyone opening an account under Money laundering rules. This would normally involve checking your name and your address. For offshore accounts, the bank will also want to verify the source of funds...
I had a pay day loan, now cant pay it, what do i do?
Asked by Charlene - 1 year ago
In the first instance you can go back to the Centre and see if they will take slightly reduced payment. You should also review all your outgoing and see if there is room for reducing these as well reviewing...
What happens if I have insufficient funds in my account?
Asked by mandee_00 - 1 year ago
You should go and talk to the RBS and try to come to an arrangement with them on repayments. If you don’t they will levy further unauthorised overdraft charges on you. You should also speak to a debt...
Best answercan i withdraw funds from my dads account i am the trustee?
Asked by blue - 1 year ago
You can only withdraw money from someone else’s account if you have the authority to do so, either as a trustee or as an Attorney. Check with the bank to see what powers you have and what their...
are spectacles a business expense for self employed in uk?
Asked by Steve - 1 year ago
No, unless they were specifically safety equipment. The answers above are for guidance only and should not be acted upon without you receiving independent financial advice relevant to your circumstances. To find and IFA please go to http://www.unbiased.co.uk
Can i change the name on my national insurance card?
Asked by Jason - 1 year ago
You should take this up with HMRC. Disclaimer: The answers above are for guidance only and should not be acted upon without you receiving independent financial advice relevant to your circumstances. To find and IFA please go to http://www.unbiased.co.uk
Rental Income - income tax question?
Asked by - 1 year ago
Most businesses accounts are operated on the basis that money is due (and taxed) when invoiced. But for an individual it is usually when money is received. Disclaimer: The answers above are for guidance only and should not be acted...
For each individual tax year do I need a seperate R40 tax form?
Asked by Jeni D - 1 year ago
Each R40 form only covers one tax year and so for each year you are looking to reclaim tax, you will need to complete a separate form. Disclaimer: The answers above are for guidance only and should not be acted upon...
Best answerWhat is the current RPI for the UK?
Asked by Phil from Hunmanby - 1 year ago
The rate of RPI is 5.3%. The interest rate is 1% plus the RPI, however, the rate you get is based on the RPI from when you invest until the following year. Therefore people who have invested...
Capital Gains Tax Explained?
Asked by Billy-O - 1 year ago
The capital gains tax will relate to the initial value of the property and what you have sold it for. For example you buy it for £100,000 and sell for £300,000, so the gain is £200,000 and under the...