lovemoney.com - Q&A - All questions http://www.lovemoney.com All questions from Q&A on lovemoney.com en-gb Copyright 2008-2013 lovemoney.com. All rights reserved. http://www.lovemoney.com/Images/Global/HeaderLogoOnWhite.gif lovemoney.com http://www.lovemoney.com 300 50 <![CDATA[My daughter worked for a company from Aug 2012 till Jan 2013. They employed her on a Self Employed status. Does she have to submit a tax return.]]> She earned £4,700 does this mean she has to pay tax on it?

Many thanks

Martin

]]> <![CDATA[Natwest Overdraft Rate Changes]]> Been a natwest customer for years with a £2k arranged overdraft.

Typically i'll go no more than £100 into this each month (towards payday).

They are now changing the overdraft from a fixed rate of 18.something% a month, to a £6 per month charge regardless of how long i'm in the red for (typically 2-3 days).

I can't help but feel that this has been designed by Natwest to get those that regularly are overdrawn by penalising the people who occasionally 'dip' into their overdrafts.

Anyone else spotted this and thinking of changing banks like me??

]]> <![CDATA[i have 85000 euros in a spanish bank and would like to know the best way of transfering this money into GBP. I was going to do a bank to bank transfer]]> but think the rate and charges may be uncompetitive. I have heard of currency brokers?? but have little knowledge of these.

]]> <![CDATA[I bought my med. insurance via a broker, Medical Insurance Sevices. Would this have increased my premium significantly?.]]> <![CDATA[I bought my medical insurance through a broker. Medical Insurance Services.]]> Would this have increased the premium significantly?

]]> <![CDATA[I have just watched the Money Week film on Britains looming financial crisis]]> If what is outlined comes to pass and it does not seem unlikely, given the amount of debt that Britain is in and it's reliance on the low rate of repayment interest, where would you advise readers to put their savings in order to protect them from the greedy hands of a desperate Government?

]]> <![CDATA[How does my husband buy a property for my parents to live in, what sort of mortgage would it be? Any tax implications?]]> We live in a property where the mortgage is mine. My husband has no mortgage and we would like to purchase a property for my parents to live in. The intention being that they cover as much of the mortgage payments as they could afford. What would my husbands mortgage options be, would it have to be a buy to let which carry more costs. Also, are there any tax implications even though we wouldn't be gaining extra income from this.

]]> <![CDATA[What sort of legal entity is a club?]]> My friend, A, has caused some controversy by writing a will that leaves everything to a club of which we are both members.

One question that was discussed at the club on Saturday was what sort of legal entity the club is. I have suggested that the committee look into this. There is a club constitution that should give us some guidance.

Meanwhile, we are sure that the club is not a corporation. Another member, H, thinks that the club might be a partnership with the members as partners. I disagree; I certainly hope this is wrong, because that would have some severe implications for members!

I am inclined to think that the club is a trust, with the committee as trustees and the members as beneficiaries.

Does anyone know what the default position is, if the club constitution doesn't answer the question? If we need to reconstitute the club, what should we become?

]]> <![CDATA[Re-Mortgage]]> I am 63 years old and my wife is 69 years of age. We have a interest only mortgage owing £110,000-00. The aprox value of our property is £140,000-00. This mortgage finishes in 5 years time.

We would like to re-mortgage our property on a re-payment type mortgage and was wondering who would do this mortgage and what would be the longest time in years, we could take a mortgage on for?

I am in full time employment with a salary of £40,000-00 per year and my wife is retired and drawing her pension.

Kind Regards

Mike

]]> <![CDATA[What is the best way to manage my money?]]> <![CDATA[loan]]> <![CDATA[Double Glazing guarantee question.]]> I live in an old building that was converted in to flats. Just over 5 years ago myself and two other flat owners all decided to get our windows replaced by the same company at the same time. I already had to get one unit replaced because of condensation about 18 months after they were fitted and one of my neighbours has also had problems with fittings and condensation. I recently contacted them about another 2 units with condensation problems but was told that the 10 yr guarantee was for window frames only and the doubled glazed units were only guaranteed for 3 years. When I found my copy it actually stated 5 years but typically it's now 5 months out of date. Their offer so far is to charge for a new unit but not for fitting costs but I've said I'm still not happy about that as I believe the materials used must have been substandard for us to have had so many problems in this short time. We were sold UVPC windows on the basis that they wouldn't have the ongoing upkeep costs of wooden frames but that's clearly not the case if the seals are going to burst and units keep needing replacing every few years. I'd appreciate your thoughts please as to where I (& my neighbour) go from here with regards to the latest problems. Is there a way around the guarantee date?

]]> <![CDATA[Need financial advice re redundancy and pensions - what are my options etc.]]> <![CDATA[my endowment policy due to mature on ]]> Jun 2013 my mortgage £18000 my target £19800 how match can I get thank you

]]> <![CDATA[Nationwide flexdirect interest]]> If the max amount which receives interest is £2500 on this account, and you put in £2500 in month 1 and leave it there, does the interest compound (or not, because it goes above the threshold). i.e. do you receive the AER of 5% or only the gross pa of 4.89%?

]]>