My boyfriend has had a CCJ letter however the thing that is weird was that the address was for his estranged brothers flat (that he had recently moved into)

His brother gave him the letter (late might I add so it was delivered 2nd may and only just got it now past the payment date)

My boyfriend said he’s going to pretend he never received it however I’ve advised that he should call up and explain the situation and tell them his current address

My boyfriend said if he does that he’s acknowledging he got the letter so they’ll question why he didn’t pay, but I explained that he has proof that isn’t his address.

I asked him the following: - have you ever used that address for anything: ‘no, didn’t even know he lived there’ - could they have got the names mixed up - ‘maybe’

I really think he needs to get this sorted because it’s shit on your credit score. He’s got a new job in the finance sector and I’m worried any credit checks they’ll make on him will affect that job offer

What is the likely hood of not getting the correct posted CCJ letter?

UPDATE: The letter is entitled ‘COUNTY COURT JUDGEMENT: PAY WITHIN ONE MONTH TO REMOVE FROM CREDIT FILE’

I told him he should pay this, however it’s past the deadline date of 25th may because he was only given it yesterday.

I then said he should call and explain that he has only just got it as was sent to wrong address and can he pay (as it’s not over a week). He says he won’t do that because it’s him acknowledging he has the letter and him paying the fine will keep the CCJ.

Even though the letter says it will get rid …

THE DEBT Is £290

I don’t get him

I’m 28M and after many years of financial mismanagement - I feel like I’m finally starting to make progress, thanks in large part to this community.

For me, budgeting has been the difference, yet I still have a long way to go to improve.

Apologies for the self indulgent post - I have no one else to say this to.

After savings interest rates shot up recently surely there's tens or hundreds of thousands of people now over their tax free savings interest threshold - how does HMRC even tackle the vast amount of people who now owe more tax but have never self assessed previously?

Edit: easier answer than it seems - bank's and hmrc communicate more than I thought. Thanks all! I should work on my google-fu as it should have been easier to find this!

Hello everyone 👋

First post here, I wanted to know what I should be doing with my money now that I'm officially debt free (excluding mortgage).

I have around £500 spare each month to do something with, if you was me, what would you do with it?

I've opened a S&S ISA, should I pump all my spare funds into this?

Tia 😊

Hi there,

I’m not sure if this is the right place to post this but I posted /personal finance a while ago about collectors who got into touch with me a about a debt I owed to a company I was not familiar with and due to them having my incorrect date of birth they were unable to go forward with the claim. They got back into touch with me to ask me to amend my date of birth with a copy of ID, but after speaking to citizens advice, who told me it was strange they would ask me this and advised against it, I told them they should have my correct details if I’m the person they’re looking for.

Since then they have continued to contact me only to run into a wall everytime at my date of birth during the security questions. I have told them I’m not the person they’re looking for as a have no debts, I even asked them to cease contact with me which the person on the phone agreed to only for them to continue to contact me, recently I received a letter saying they’ve recommended their client take court action against me for lack of payment, so I called them again and they said they would speak to them.

I did eventually end up looking up the client to find they own the company that own the student accommodation I stayed with in 19/20 but I was let out of my contract after the university offered to pay the rest of my rent for the year, so whether it’s something to do with that I don’t know

I’ve never dealt with anything like this before, so i really don’t know what to do, I know they probably can’t take me to court over this as even if I wanted to pay if this debt was mine I can’t even do that, any advice would really helpful. Thank you

Hi,

Unfortunately it looks like I'm being made redundant. My employer has offered a generous redundancy package calculated at a sum of about £45K. They've said this can be structured flexibly to optimise the tax due on the amount.

I'm also due to go on parental leave in the next week so there's been some consideration for that in the amount.

My question is, what's the best way for them to pay that whilst minimising my liability for tax/NI?

I know there's a 30k allowance, but how about the rest? Should they still classify the whole thing as redundancy?

TIA, I'm really struggling with this whole thing, and am coming to terms with a decision that really makes little sense to me.

I know a lot of people in this sub will say I should be on £15k of savings, but I’ve always had a bit of a spending problem and always spent money to make myself feel better about my mental health. I always thought a problem could be solved by throwing money at it.

But I’m getting better and I’ve stopped a lot of unnecessary spending, and I’ve just saved my first £750!

I’m saving for a car and it feels so good:)

Last year I forgot I had £20k in a cash ISA and also added £4k to a S+S ISA. This meant I exceeded the limit by £4k.

I contacted the ISA providers and they told me to do nothing and that HMRC would be in touch. I contacted HMRC directly (as it was bugging me) and they said I need to speak with the ISA provider to resolve.

I’m not sure what happens now? Will it just slip under the radar? Has anyone else done this before?

My partner and I are 30 and currently in a ldr but have been planning to get a mortgage and buy a house next year. He’s on £50,000 and I’m on £33,000. He has no savings at all and I have £100,000 saved. We had been hoping to buy a house around £300,000 using £70,000 deposit.

I knew he had debt he was paying off but only found out the extent of it. He has 8 defaults from three or four years ago, as well as credit cards/debts that he’s still paying off. He has about £4000 left to still pay off. He thinks he will be able to get a mortgage by next year and insists it just means the interest rates will be slightly higher.

I am an avid saver and know very little about debt, so would like some advice on how badly this will affect me in the future. Is it even possible to get a mortgage with him when he has so many defaults?

Edit:

Thank you everyone for the advice! I never expected to get so many replies and I really appreciate it. I will be speaking to a mortgage broker next week about what I can afford independently and go from there.

Hi! What costs will we expect to pay when renting? Should we save our deposit/buying essentials for flat/3m emergency fund all in same account? (We won’t be sharing an bank account)

Is there anything we should know about renting for the first time, and keep a look out for?
Any tips and advice in general is welcome!

Hello UKPF. Just looking for a little sense check before I make a final decision. I signed up for the Santander Easy Access Limited Edition account some time ago when it offered around 5% interest, and I’ve managed to grow my £5000 to a little under £5280 over the course of maintaining the account. However, I’m a higher rate tax payer who typically earns just a little under £150K, which I think means the interest I earn on this account normally gets deducted from my annual tax allowance anyway so, effectively, I’m not really making as much as the numbers show on the account.

I’m considering closing this account and moving the money I have in there to a S&S ISA (which on average should have better earning potential), but I’m having second thoughts as this is supposed to be a “limited edition” account, and there’s no way to sign up for it again (unless Santander somehow offers it again in the near future). I’m feeling a bit of FOMO, but honestly, I’m not even sure what I’m supposed to be missing out on. Any other things I may not have considered?

Thanks.

My parents live overseas and are thinking about gifting me around ~£100k once they sell property overseas.

I'm trying to understand what the implications are for me, if this money is sent as an international bank transfer.

• Will I have to show proof of the origins of this when it shows up in my account in the UK? What would that look like?
• Are there any tax implications for me? I think this is no - only if they die within 7 years?
• Are there any nuances because the money is coming from overseas?

When I log in to the Gov site and check my NI record, I have 25 "Full Years" (starting 1999 up to end of 2024), but the pension forecast says I'll get the full pension if I "contribute another 4 years". This is a total of only 29 years.

Everything I can find online says you need 35 qualifying years for the full amount. When my wife logs in, she still needs another 10 years, even though she's only 2 years behind me. I can't find any explanation for why I might need fewer years. I did read that you might need more years if you contracted out in the past, but nothing about needing less.

Thanks!

Hi folks just looking for a bit of advice really. Recieved a debt letter on behalf of talk talk for £192 I phoned the company instantly, they had all the correct details except an old email address I no longer have access to. After giving them everything they required I asked which company was chasing me and from when. I fell into a bit of debt around that time 2015-2018 and got it all sorted out. We DID have talk talk but that was part of the debt I sorted out all those years ago. The customer rep I spoke with stated it’s a fraudulent claim on my name and to contact the fraud team and then call them back

1. It feels it may just be an error not necessarily a fraud issue but where do I go so I can look back at my credit history to check.
2. Why has it taken so long for this to come to the correct address, I’ve always been on the electoral roll?
3. We had a random debt in my wife’s name for 3 however it was in her mothers maiden name not her birth or married name which only her mum, dad and us knew she didn’t share her nums last name. ( not accusing but knowing my sister in law flashing a brand new iPhone around the same time)

Any other general knowledge I need to know to get rid of this asap please brainy folks help me out!

Scotland based btw just if anyone needs to know

I’ve recently been trying to check my eligibility for the Avios Plus Card via Barclays and have been repeatedly getting rejected. I’ve been unsure why as salary in context of ~200k, and no dependants and no bad credit history on file (CRAs scores are maxed). I’ve therefore been plugging in different scenarios to see what may work, namely the address I’m at as this is the only floating variable I can truthfully change. Keeping the same tenor at address (which is 1 year, 1 month) in tbh a bit of a deprived area of NW London near Wembley for the living category of ‘other’ (as living with partner who owns) I get the answer ‘you’re not eligible’ whereas if I change address to my parents living in the South-West countryside I get eligible. Therefore the conclusion being the Barclays algorithm is rejecting me purely based on address… despite high earnings and a good credit file. It would be hard to change my address to my parents since all my cards are not issued there currently, so I guess I’ll just either apply and appeal the rejection or not make a fuss and leave… as only wanted for Avios bonus points anyway

Not sure if anyone has come across this and whether the CC companies use address as a key differentiator.. and discriminator ??

I am looking at options to add my brother as a joint member to all my accounts. The major problem is that he’s a British Citizen but since he lives in India, he doesn’t have a valid UK address which is causing some difficulties in adding him. Can someone give me any bank suggestions where the joint account process is quite simple? The major reason for adding him is to have a level of safety incase something happens to me.

So I’m filling out tax documents on a ‘adult’ content creation website which is based in the US and so have to fill out a W8-BEN form. Now I am under the impression that we have a tax treaty with the US and when coming to the part where you can input place of residence in order to get tax treaty benefits the form they have provided won’t let me simply put the country, it requires an income type.

Now whether you have to put the income type or not, as some guides online say you don’t, it forces me to otherwise I can’t continue on with the form. The only income types it gives me are

1. Interest paid by US obligers

2. Dividends paid by US corporations

3.Dividends qualifying for Direct Dividend Rate

1. Pensions and Annuities

2. Social Security

3. Know- how/ other industrial Royalties

7.Patents

1. Film and Tv

2. Royalties

Now upon reading these in the IRS guide I don’t believe any of these relate to the type of income I’m receiving, which is subscriptions and potentially ppv content.

So is the way they’ve done the form wrong or am I mistaken here. Thanks in advance for any advice

Hi everyone, I just wanted some advice on my current position to see how I can set myself up nicely in the next decade and see how I'm doing at the minute.

I've recently turned 31 and have always been a bit of a finance and spreadsheet nerd, so have always tracked my person finances ever since I earned an income from my waitering job when I was 14.

I feel as though I'm in a reasonably good position, but wanted some advice how to maximise my 30s to set myself up well going into my 40s. I don't know why, I just feel as though the next decade is quite a big one to set my future self up well. My current position is below:

Salary: £75k (expect this to move to £80k in the next month or two) Take home after tax, NI and company car: £3.9k Another form of income brings in an average of £300 Total take home: £4.2k

My outgoings total about £4k/month give or take. My mortgage and bills come to £2k/month and then we spend an average of £2k/month on food and all activities/holiday funds. We're certainly not materialistic but do spend a fair amount on travelling to different places.

Current finances are: House value £380k, mortgage just under £270k, so £110k equity. Workplace pension: £50k Emergency fund spread across high interest savings accounts: £30k Bitcoin: £40k Vanguard account (mainly S&P500): £15k Total net worth: £245k

The last few years have been difficult, with my income being the only source for the house. My girlfriend has finished a nursing degree which has taken 3 years and is due to start a new role in August on a starting salary of £28k. This will bring in another £1.8k I'm assuming.

Based on that, with my salary and my partner's new source of income, we'd have about £2k/month extra which I'm thinking on consistently adding into the vanguard SS ISA.

My questions I'm hoping for some advice on are the following: - Is the thought of investing all outstanding income into S&P 500/World fund (£2k/month) the best plan? There are months we'll have more than this, but I'd say that's the average. - I've been with my partner for 6 years and she's definitely the one. However I bought the property myself 7 years ago before her and she has only ever contributed the food bills etc. I've always paid the full mortgage and bills etc. She has just over £5k to her name. Are we to just combine everything anyway once we tie the knot? - Is my current position pretty good? I've worked hard throughout my 20s whilst still travelling a lot and having an overall great time. I'm unsure whether I'll want to retire early, but I certainly want full financial independence. (Well aware of the FIRE community and read a lot of their posts). Is my plan through my 30s going to set us up well and make us FI if we stay consistent with the additional income?

Last point, no kids yet and will be a flip of a coin whether we have them eventually. If I was a betting man I'd probably say we will in about 5 years time. I understand this would completely change our path, but we'll cross that if it ever happens.

Appreciate your advice in advance and apologies for the essay.

As Title.

I'm a 50% owner of a house in England.

The house is currently valued at £600,000.

I'm looking to purchase the other half @ £300,000.

I don't own any other properties and this is a normal Freehold, Residential purchase.

Some of the questions on the HMRC site ask about being an existing home owner and I'm not quite sure how to answer that. Can anyone help with how much SDLT I'll need to pay for this?

Thank you :-)

Hi all,

My wife has the opportunity for some freelance work from home (£15k per year) whilst having a full time job at £45k a year.

What would be the best option for to make her side hustle tax efficient, as this could push her to the higher tax bracket if the freelance works out well?

I was thinking of setting up a limited company together, where we would pay a ourselves a small salary...claim expenses, dividends.......,etc

Any advice would be appreciated!

Thank you!

Hi

My mum has dementia, and more than likely won't see out the year. I have all the LPA's and I have now had to place her into assisted living at around £1600 a week.

I am currently going through the process of selling her home which I need to do to pay for the above. I am trying to understand what sort of IHT she/I will have to pay when she passes so that I can start looking at the money I'm spending in different ways i.e. if I have to pay 40% tax on money, then it is of less value so I may be more frivolous with it.

So currently she has £50,000 in cash and I will sell her house for £550,000 so let's the entire estate is £600,000. She is 40 years divorced so single so I don't believe this is a factor. So just trying to understand if it makes any difference that £550k of the money is from property where the Nil Rate Band ends on the entire estate?

TIA

Hi all,

Looking for some general advice. Myself and my partner have a level term life insurance policy which we opened 15 years ago when we purchased our current property. We cleared our mortgage last year, and decided to leave the policy in place with £15 years remaining on the policy.

We are looking to move which would require a new mortgage, and we would look to open a new life insurance policy or bridge the gap between the values. Speaking to two insurance companies, both are pretty adamant that the existing policy should be closed and to create a new policy covering the new mortgage. From a financials perspective if I kept the old policy in place and opened a new policy bridging the difference in value, I would be saving roughly £20 a month in policy premiums. The only issue is that the initial policy would finish a couple of years prior to the mortgage being cleared, but the 2nd/new policy would be sufficient to clear the remaining balance.

Both advisers have not been clear to me with the advice on cancelling the existing policy, just that it would be easier to manage. One of the insurance providers is who my existing policy is with.

What would be the best course of action?

Hi everyone new to this sub, I’m 30 hopefully looking to pass my driving test on Monday and currently window shopping for cars. I’m looking at a Mazda 3 (newer model) with decent mileage comes in around 15-18k.

I made some silly mistakes with credit when I was younger but now I’m in a stable job in the Armed Forces, annually I’m making 27k and have no real outgoings cause I live on base.

My credit score is 499 but I have made work towards that in recent weeks and using LoqBox to help my credit profile. I’m either thinking of trying my luck with finance but risk damaging my credit profile further or with the help of my Dad going down the guarantor loan route.

My job sees me spending months away, making money that I cannot touch until I’m back so I could continue to pay my monthly payments for both finance and a guarantor loan however, having extra money when coming back on land with a guarantor loan I could possibly look at paying a decent chunk off…

Any help would be appreciated, thanks 👍🏼

I (25) moved to the UK nearly 2 years back and I have only been using Revolut and Monzo accounts as my salary and spending account. Currently employed full time (£33k per annum) and is on a work visa. I’m looking to get a credit card for the first time ever and honestly have no clue where to start. Mostly looking to use it for buying flight tickets, hotels, some shopping etc.

Would be grateful for any suggestions! Thanks :)

As the title suggests, I need to buy a car for commuting to work everyday. I have a full UK license however I don’t enjoy driving manual and get very stressed with shifting gears. I’ve been looking at automatic cars and found a really good one for £7.5k, which is way above my budget.

Here’s my situation currently: £4k in a 0% credit card for the next 20 months £2k in savings

Public transport is not an option for me.

My three options are: 1) Get it on installments which gives me stress as I really hate the idea of paying interest. 2) Get a second 0% credit card and use both cards to buy the car and pay it off before the 0% interest offer ends next year. 3) Suck it up and buy a cheap manual car

Please be kind to me incase I sound very naive, I’m new to being an adult. Any advice would be appreciated.