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Author Topic: Where do you keep the money?  (Read 1786 times)

Ginalondon

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Where do you keep the money?
« on: 08 September 2013, 11:39:42 pm »
Hello gorgeous ladies,

I've been reading this forum for a while now and I've finally decided to join as I can not find the answer to my question anywhere (so sorry if I happened to miss it somewhere...  :)).

So, I work for an upscale visiting massage agency. I've been with them for a year now and have made a nice amount of money while actually enjoying myself.  ;) I've been very careful with depositing that money to my bank as I am a bit worried, I deposit some, but not all. Does anyone of you know if UK banks have some sort of rules about that kind of stuff?

Thx so much.

xxxx

amy

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Re: Where do you keep the money?
« Reply #1 on: 08 September 2013, 11:44:17 pm »
Why would banks have limits on how much money you can pay in? That's what they're for, after all - if you're not sure about the best way to manage your money, you can usually get a free consultation with an independent financial advisor - just Google your area :).

I have two ordinary current accounts (one is for purely for banking when I work in Belfast since there isn't a branch of my bank there, and there's never anything in it), two ISAs (one cash and one stocks/shares) and a stakeholder pension. Oh, and a purse with about a tenner in it for brews and taxi fares.

RR

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Re: Where do you keep the money?
« Reply #2 on: 15 April 2014, 06:01:53 pm »
Why would banks have limits on how much money you can pay in? That's what they're for, after all - if you're not sure about the best way to manage your money, you can usually get a free consultation with an independent financial advisor - just Google your area :).

I have two ordinary current accounts (one is for purely for banking when I work in Belfast since there isn't a branch of my bank there, and there's never anything in it), two ISAs (one cash and one stocks/shares) and a stakeholder pension. Oh, and a purse with about a tenner in it for brews and taxi fares.

I hope that its ok I bumped this thread, as its the bit in bold that I'm interested in, and I didn't know whether or not it was worthy of its own thread. I'm very interested in investing some of my earnings into stocks/shares rather than a cash savings account/ISA and I'm not sure if anyone else here has ever thought of doing that with their earnings? I realise I would have to go to a broker/FSA for this kind of thing but I'd be interested in anyone else's experiences from this way of saving...

englishrebecca121

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Re: Where do you keep the money?
« Reply #3 on: 15 April 2014, 06:19:34 pm »
In regards to the op if you pay tax then you can pay in to a bank what ever u want ??? ???

BJC

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Re: Where do you keep the money?
« Reply #4 on: 15 April 2014, 07:30:59 pm »
As above; you can also save ?10k a year tax free in an ISA

An accountant is a handy thing to have, they'll be able to advise you how to get the most out of your money.
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They didn't know we were seeds.