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Savings and Investments thread

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  • golfaddick
    golfaddick Posts: 33,624
    thickandthin63 said:
    With the demand for housing in London as it is at the moment,please could someone explain the following.
    My son lives in Finchley on an Estate that is 70 percent rented and 30 pc owned.He has recently tried to sell his maisonette and has had several offers,but none of the people who wanted his property could get a mortgage,due to the high level of rented dwellings.yet he had no trouble getting  a mortgage 4 years ago through Halifax who now will not lend to a subsequent buyer.
    Are you sure its down to that & not something else...?  Cladding ? Concrete blocks & not brick as I've not heard of that before. 
  • stevexreeve
    stevexreeve Posts: 1,386
    Doesn't this just mean the banks believe we're living in a bubble?

    I wouldn't personally lend anybody money to buy a house at today's inflated prices. If I did I wouldn't expect to get it all back!
  • golfaddick
    golfaddick Posts: 33,624
    WishIdStayedinthePub said:
    PragueAddick said:
    Recently I've read several articles touting small-caps - both UK specific, and globally, as a sector that might out-perform as countries emerge from the worst of Covid. The argument in very broad terms is that the most nimble companies are able to seize the opportunities for change that the virus has created. That argument broadly  works for me; what do you all think? Anybody got any reccos for small-cap funds ?

    In this article, which argues the case for Europe generally, which I also agree with, they tout Barings Europe Select Trust, as one which also focuses on small and mid-cap. Generally I think Barings are a decent fund house, and know their way around Europe stocks...
    A long term staple of mine has been Black Rock Smaller Companies.  That's an Investment Trust but I think they have a fund equivalent.  Personally I always go for the ITs for liquidity and transparency reasons, as I may have mentioned once or twice.   TRG has always done well for me, which is European focused.

    I totally agree with the premise, particularly for UK stocks.  I've been looking at anything that was doing well until last March and is still solvent, so should get back to those levels.  Lots out there in finance, oil, construction, media, retail. etc.  Have stayed clear of commercial property and travel though - still not sure we're through all the pain for them.

    Still holding lots of (established) tech, though.  Top-sliced and went back in which is working well.  Tailwinds are still there for the likes of Microsoft, Amazon, Paypal, Fortinet, etc..
    Yes, some of the better performing funds recently are from the Mid to Small Cap areas. Howver, my favourite (Premier Miton UK smaller companies) now has a 5% initial charge. Other faves of mine are FP Octopus UK Micro Cap and Marlborough UK Micro Cap
  • thickandthin63
    thickandthin63 Posts: 2,952
    golfaddick said:
    thickandthin63 said:
    With the demand for housing in London as it is at the moment,please could someone explain the following.
    My son lives in Finchley on an Estate that is 70 percent rented and 30 pc owned.He has recently tried to sell his maisonette and has had several offers,but none of the people who wanted his property could get a mortgage,due to the high level of rented dwellings.yet he had no trouble getting  a mortgage 4 years ago through Halifax who now will not lend to a subsequent buyer.
    Are you sure its down to that & not something else...?  Cladding ? Concrete blocks & not brick as I've not heard of that before. 
    That is what Halifax say,they cannot lend money where so many of the properties are rented,and yet they lent the money to my son 4 years ago.Their is no cladding,the buildings are very sound,and to be honest very reasonably priced for a property in North London,he has had 3 buyers who really wanted the property ,all refused mortgages.He is at the moment looking into the legal side of things to see if their is any negligence or oversight on either the surveyor or his solicitors part.
  • golfaddick
    golfaddick Posts: 33,624
    thickandthin63 said:
    golfaddick said:
    thickandthin63 said:
    With the demand for housing in London as it is at the moment,please could someone explain the following.
    My son lives in Finchley on an Estate that is 70 percent rented and 30 pc owned.He has recently tried to sell his maisonette and has had several offers,but none of the people who wanted his property could get a mortgage,due to the high level of rented dwellings.yet he had no trouble getting  a mortgage 4 years ago through Halifax who now will not lend to a subsequent buyer.
    Are you sure its down to that & not something else...?  Cladding ? Concrete blocks & not brick as I've not heard of that before. 
    That is what Halifax say,they cannot lend money where so many of the properties are rented,and yet they lent the money to my son 4 years ago.Their is no cladding,the buildings are very sound,and to be honest very reasonably priced for a property in North London,he has had 3 buyers who really wanted the property ,all refused mortgages.He is at the moment looking into the legal side of things to see if their is any negligence or oversight on either the surveyor or his solicitors part.
    feel free to DM me with more details (property address etc) and I'll speak to various lenders about it as I'm sure there will be some who will lend, even if the Halifax don't. 
  • Rob7Lee
    Rob7Lee Posts: 9,594
    thickandthin63 said:
    golfaddick said:
    thickandthin63 said:
    With the demand for housing in London as it is at the moment,please could someone explain the following.
    My son lives in Finchley on an Estate that is 70 percent rented and 30 pc owned.He has recently tried to sell his maisonette and has had several offers,but none of the people who wanted his property could get a mortgage,due to the high level of rented dwellings.yet he had no trouble getting  a mortgage 4 years ago through Halifax who now will not lend to a subsequent buyer.
    Are you sure its down to that & not something else...?  Cladding ? Concrete blocks & not brick as I've not heard of that before. 
    That is what Halifax say,they cannot lend money where so many of the properties are rented,and yet they lent the money to my son 4 years ago.Their is no cladding,the buildings are very sound,and to be honest very reasonably priced for a property in North London,he has had 3 buyers who really wanted the property ,all refused mortgages.He is at the moment looking into the legal side of things to see if their is any negligence or oversight on either the surveyor or his solicitors part.
    That sounds bizarre, not even sure how they would know what properties are let or not nearby.
  • thickandthin63
    thickandthin63 Posts: 2,952
    golfaddick said:
    thickandthin63 said:
    golfaddick said:
    thickandthin63 said:
    With the demand for housing in London as it is at the moment,please could someone explain the following.
    My son lives in Finchley on an Estate that is 70 percent rented and 30 pc owned.He has recently tried to sell his maisonette and has had several offers,but none of the people who wanted his property could get a mortgage,due to the high level of rented dwellings.yet he had no trouble getting  a mortgage 4 years ago through Halifax who now will not lend to a subsequent buyer.
    Are you sure its down to that & not something else...?  Cladding ? Concrete blocks & not brick as I've not heard of that before. 
    That is what Halifax say,they cannot lend money where so many of the properties are rented,and yet they lent the money to my son 4 years ago.Their is no cladding,the buildings are very sound,and to be honest very reasonably priced for a property in North London,he has had 3 buyers who really wanted the property ,all refused mortgages.He is at the moment looking into the legal side of things to see if their is any negligence or oversight on either the surveyor or his solicitors part.
    feel free to DM me with more details (property address etc) and I'll speak to various lenders about it as I'm sure there will be some who will lend, even if the Halifax don't. 
    golfaddick said:
    thickandthin63 said:
    golfaddick said:
    thickandthin63 said:
    With the demand for housing in London as it is at the moment,please could someone explain the following.
    My son lives in Finchley on an Estate that is 70 percent rented and 30 pc owned.He has recently tried to sell his maisonette and has had several offers,but none of the people who wanted his property could get a mortgage,due to the high level of rented dwellings.yet he had no trouble getting  a mortgage 4 years ago through Halifax who now will not lend to a subsequent buyer.
    Are you sure its down to that & not something else...?  Cladding ? Concrete blocks & not brick as I've not heard of that before. 
    That is what Halifax say,they cannot lend money where so many of the properties are rented,and yet they lent the money to my son 4 years ago.Their is no cladding,the buildings are very sound,and to be honest very reasonably priced for a property in North London,he has had 3 buyers who really wanted the property ,all refused mortgages.He is at the moment looking into the legal side of things to see if their is any negligence or oversight on either the surveyor or his solicitors part.
    feel free to DM me with more details (property address etc) and I'll speak to various lenders about it as I'm sure there will be some who will lend, even if the Halifax don't. 
    golfaddick said:
    thickandthin63 said:
    golfaddick said:
    thickandthin63 said:
    With the demand for housing in London as it is at the moment,please could someone explain the following.
    My son lives in Finchley on an Estate that is 70 percent rented and 30 pc owned.He has recently tried to sell his maisonette and has had several offers,but none of the people who wanted his property could get a mortgage,due to the high level of rented dwellings.yet he had no trouble getting  a mortgage 4 years ago through Halifax who now will not lend to a subsequent buyer.
    Are you sure its down to that & not something else...?  Cladding ? Concrete blocks & not brick as I've not heard of that before. 
    That is what Halifax say,they cannot lend money where so many of the properties are rented,and yet they lent the money to my son 4 years ago.Their is no cladding,the buildings are very sound,and to be honest very reasonably priced for a property in North London,he has had 3 buyers who really wanted the property ,all refused mortgages.He is at the moment looking into the legal side of things to see if their is any negligence or oversight on either the surveyor or his solicitors part.
    feel free to DM me with more details (property address etc) and I'll speak to various lenders about it as I'm sure there will be some who will lend, even if the Halifax don't. 
    golfaddick said:
    thickandthin63 said:
    golfaddick said:
    thickandthin63 said:
    With the demand for housing in London as it is at the moment,please could someone explain the following.
    My son lives in Finchley on an Estate that is 70 percent rented and 30 pc owned.He has recently tried to sell his maisonette and has had several offers,but none of the people who wanted his property could get a mortgage,due to the high level of rented dwellings.yet he had no trouble getting  a mortgage 4 years ago through Halifax who now will not lend to a subsequent buyer.
    Are you sure its down to that & not something else...?  Cladding ? Concrete blocks & not brick as I've not heard of that before. 
    That is what Halifax say,they cannot lend money where so many of the properties are rented,and yet they lent the money to my son 4 years ago.Their is no cladding,the buildings are very sound,and to be honest very reasonably priced for a property in North London,he has had 3 buyers who really wanted the property ,all refused mortgages.He is at the moment looking into the legal side of things to see if their is any negligence or oversight on either the surveyor or his solicitors part.
    feel free to DM me with more details (property address etc) and I'll speak to various lenders about it as I'm sure there will be some who will lend, even if the Halifax don't. 
    golfaddick said:
    thickandthin63 said:
    golfaddick said:
    thickandthin63 said:
    With the demand for housing in London as it is at the moment,please could someone explain the following.
    My son lives in Finchley on an Estate that is 70 percent rented and 30 pc owned.He has recently tried to sell his maisonette and has had several offers,but none of the people who wanted his property could get a mortgage,due to the high level of rented dwellings.yet he had no trouble getting  a mortgage 4 years ago through Halifax who now will not lend to a subsequent buyer.
    Are you sure its down to that & not something else...?  Cladding ? Concrete blocks & not brick as I've not heard of that before. 
    That is what Halifax say,they cannot lend money where so many of the properties are rented,and yet they lent the money to my son 4 years ago.Their is no cladding,the buildings are very sound,and to be honest very reasonably priced for a property in North London,he has had 3 buyers who really wanted the property ,all refused mortgages.He is at the moment looking into the legal side of things to see if their is any negligence or oversight on either the surveyor or his solicitors part.
    feel free to DM me with more details (property address etc) and I'll speak to various lenders about it as I'm sure there will be some who will lend, even if the Halifax don't. 
    golfaddick said:
    thickandthin63 said:
    golfaddick said:
    thickandthin63 said:
    With the demand for housing in London as it is at the moment,please could someone explain the following.
    My son lives in Finchley on an Estate that is 70 percent rented and 30 pc owned.He has recently tried to sell his maisonette and has had several offers,but none of the people who wanted his property could get a mortgage,due to the high level of rented dwellings.yet he had no trouble getting  a mortgage 4 years ago through Halifax who now will not lend to a subsequent buyer.
    Are you sure its down to that & not something else...?  Cladding ? Concrete blocks & not brick as I've not heard of that before. 
    That is what Halifax say,they cannot lend money where so many of the properties are rented,and yet they lent the money to my son 4 years ago.Their is no cladding,the buildings are very sound,and to be honest very reasonably priced for a property in North London,he has had 3 buyers who really wanted the property ,all refused mortgages.He is at the moment looking into the legal side of things to see if their is any negligence or oversight on either the surveyor or his solicitors part.
    feel free to DM me with more details (property address etc) and I'll speak to various lenders about it as I'm sure there will be some who will lend, even if the Halifax don't. 
    Sorry ,I have a tremor which sometimes causes me to press buttons more than once,I am not sure how to dm ,but I think I have done it ok,really appreciate any information.
  • hoof_it_up_to_benty
    hoof_it_up_to_benty Posts: 22,441
    My Helium One shares have nearly trebled in less than a month on the Aim market - may prove a profitable investment for a change. Huge worldwide demand for Helium will certainly drive this forward should drilling prove successful - early signs look promising.
  • LonelyNorthernAddick
    LonelyNorthernAddick Posts: 2,422
    hoof_it_up_to_benty said:
    My Helium One shares have nearly trebled in less than a month on the Aim market - may prove a profitable investment for a change. Huge worldwide demand for Helium will certainly drive this forward should drilling prove successful - early signs look promising.
    I was wondering who mentioned this the other day - I got in on this off your suggestion previously, seems very promising, if they hit a pocket of Helium it could really take off..
  • hoof_it_up_to_benty
    hoof_it_up_to_benty Posts: 22,441
    LonelyNorthernAddick said:
    hoof_it_up_to_benty said:
    My Helium One shares have nearly trebled in less than a month on the Aim market - may prove a profitable investment for a change. Huge worldwide demand for Helium will certainly drive this forward should drilling prove successful - early signs look promising.
    I was wondering who mentioned this the other day - I got in on this off your suggestion previously, seems very promising, if they hit a pocket of Helium it could really take off..
    There is a finite supply of helium which drives its value and it has numerous applications - any helium drilling project that is successful will deliver big returns. Helium One has a relatively positive press so far and I just hope the drilling is successful.

    I didn't really know much before about how valuable helium is and the level of demand.
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  • hoof_it_up_to_benty
    hoof_it_up_to_benty Posts: 22,441
    hoof_it_up_to_benty said:
    My Helium One shares have nearly trebled in less than a month on the Aim market - may prove a profitable investment for a change. Huge worldwide demand for Helium will certainly drive this forward should drilling prove successful - early signs look promising.
    This should have said 'nearly trebled in less than two months'.
  • LonelyNorthernAddick
    LonelyNorthernAddick Posts: 2,422
    hoof_it_up_to_benty said:
    LonelyNorthernAddick said:
    hoof_it_up_to_benty said:
    My Helium One shares have nearly trebled in less than a month on the Aim market - may prove a profitable investment for a change. Huge worldwide demand for Helium will certainly drive this forward should drilling prove successful - early signs look promising.
    I was wondering who mentioned this the other day - I got in on this off your suggestion previously, seems very promising, if they hit a pocket of Helium it could really take off..
    There is a finite supply of helium which drives its value and it has numerous applications - any helium drilling project that is successful will deliver big returns. Helium One has a relatively positive press so far and I just hope the drilling is successful.

    I didn't really know much before about how valuable helium is and the level of demand.
    Yep, I wasn't aware of it's value or importance either, and with the first mover advantage He1 has in the area and the seemingly positive outlook of a successful drill, I've gone quite deep on it.
  • WishIdStayedinthePub
    WishIdStayedinthePub Posts: 648
    golfaddick said:
    WishIdStayedinthePub said:
    PragueAddick said:
    Recently I've read several articles touting small-caps - both UK specific, and globally, as a sector that might out-perform as countries emerge from the worst of Covid. The argument in very broad terms is that the most nimble companies are able to seize the opportunities for change that the virus has created. That argument broadly  works for me; what do you all think? Anybody got any reccos for small-cap funds ?

    In this article, which argues the case for Europe generally, which I also agree with, they tout Barings Europe Select Trust, as one which also focuses on small and mid-cap. Generally I think Barings are a decent fund house, and know their way around Europe stocks...
    A long term staple of mine has been Black Rock Smaller Companies.  That's an Investment Trust but I think they have a fund equivalent.  Personally I always go for the ITs for liquidity and transparency reasons, as I may have mentioned once or twice.   TRG has always done well for me, which is European focused.

    I totally agree with the premise, particularly for UK stocks.  I've been looking at anything that was doing well until last March and is still solvent, so should get back to those levels.  Lots out there in finance, oil, construction, media, retail. etc.  Have stayed clear of commercial property and travel though - still not sure we're through all the pain for them.

    Still holding lots of (established) tech, though.  Top-sliced and went back in which is working well.  Tailwinds are still there for the likes of Microsoft, Amazon, Paypal, Fortinet, etc..
    Yes, some of the better performing funds recently are from the Mid to Small Cap areas. Howver, my favourite (Premier Miton UK smaller companies) now has a 5% initial charge. Other faves of mine are FP Octopus UK Micro Cap and Marlborough UK Micro Cap
    The Octopus and Marlborough managers have a good track record but I notice that Giles Hargreave moved on last year.  
  • hoof_it_up_to_benty
    hoof_it_up_to_benty Posts: 22,441
    LonelyNorthernAddick said:
    hoof_it_up_to_benty said:
    LonelyNorthernAddick said:
    hoof_it_up_to_benty said:
    My Helium One shares have nearly trebled in less than a month on the Aim market - may prove a profitable investment for a change. Huge worldwide demand for Helium will certainly drive this forward should drilling prove successful - early signs look promising.
    I was wondering who mentioned this the other day - I got in on this off your suggestion previously, seems very promising, if they hit a pocket of Helium it could really take off..
    There is a finite supply of helium which drives its value and it has numerous applications - any helium drilling project that is successful will deliver big returns. Helium One has a relatively positive press so far and I just hope the drilling is successful.

    I didn't really know much before about how valuable helium is and the level of demand.
    Yep, I wasn't aware of it's value or importance either, and with the first mover advantage He1 has in the area and the seemingly positive outlook of a successful drill, I've gone quite deep on it.
    Let's hope it works out. My stake is pretty small - not brave enough to risk more.


  • 3G
    3G Posts: 729
    Forgive me if mentioned elsewhere within the thread, but does anyone here know anything about investing in whisky? I'm a complete novice but hear good returns can be made?

    Is it as simple as buying a bottle of Macallan and sitting on it for 5 years? 
  • guinnessaddick
    guinnessaddick Posts: 28,615
    edited May 2021
    maddferrett said:
    Forgive me if mentioned elsewhere within the thread, but does anyone here know anything about investing in whisky? I'm a complete novice but hear good returns can be made?

    Is it as simple as buying a bottle of Macallan and sitting on it for 5 years? 
    You can buy casks or part of a cask, where you have to wait for it to mature and also allow for the angel’s share.

    https://www.blacksbrewery.com/pieces-of-eight/?ml_subscriber=1685625455257851123&ml_subscriber_hash=a0w3

    For an investment of about £1k now, you could get back over £6k in 8 years time.
  • StrikerFirmani
    StrikerFirmani Posts: 2,742
    My Wife wants to cash in a life policy that has a surrender value of 12K.  The problem is she is just under the 40% tax fresh hold. Is there anyway she could use the remaining tax allowance of mine, so only 20% is payable?  Perhaps a gift or is it possible to transfer the policy in to my name etc.   Any one got any clever ideas.

    Evidently the Company holding the policy do not stop the tax at source unlike a pension being cashed in.     
  • RaplhMilne
    RaplhMilne Posts: 4,601
    StrikerFirmani said:
    My Wife wants to cash in a life policy that has a surrender value of 12K.  The problem is she is just under the 40% tax fresh hold. Is there anyway she could use the remaining tax allowance of mine, so only 20% is payable?  Perhaps a gift or is it possible to transfer the policy in to my name etc.   Any one got any clever ideas.

    Evidently the Company holding the policy do not stop the tax at source unlike a pension being cashed in.     
    Are you sure there is Tax to pay on this. Has this Policy attracted tax relief on the ingoing payments, is it in some way attached to a pension. If tax is payable it may only be on the Capital Gain on the policy, so that would not be the full £12,000. What makes you believe tax is payable.... ?
  • StrikerFirmani
    StrikerFirmani Posts: 2,742
    RaplhMilne said:
    StrikerFirmani said:
    My Wife wants to cash in a life policy that has a surrender value of 12K.  The problem is she is just under the 40% tax fresh hold. Is there anyway she could use the remaining tax allowance of mine, so only 20% is payable?  Perhaps a gift or is it possible to transfer the policy in to my name etc.   Any one got any clever ideas.

    Evidently the Company holding the policy do not stop the tax at source unlike a pension being cashed in.     
    Are you sure there is Tax to pay on this. Has this Policy attracted tax relief on the ingoing payments, is it in some way attached to a pension. If tax is payable it may only be on the Capital Gain on the policy, so that would not be the full £12,000. What makes you believe tax is payable.... ?
    No there was no tax relief on the ingoing payments.

    As you say, I have read online tax should only be payable on the Capital Gain but was unsure.  My wife phoned the company today and the person didn't know, she went to ask and just said it did come under taxation but didn't express any detail.
      
    Am I right in thinking from what you indicate, the premiums less the surrender value is the only part that is due tax?    

    The company used to be GRE but the policy got taken over by ReAssure, it isn't very helpful when they have people on the phone that don't seem to have knowledge on the policy's. 
  • Covered End
    Covered End Posts: 51,989
    https://www.gov.uk/government/publications/gains-on-uk-life-insurance-policies-hs320-self-assessment-helpsheet/hs320-gains-on-uk-life-insurance-policies-2018
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  • StrikerFirmani
    StrikerFirmani Posts: 2,742
    Covered End said:
    https://www.gov.uk/government/publications/gains-on-uk-life-insurance-policies-hs320-self-assessment-helpsheet/hs320-gains-on-uk-life-insurance-policies-2018
    Hells Bells 14 pages.      Cheers for the link. 
  • golfaddick
    golfaddick Posts: 33,624
    edited May 2021
    Depends what type of "life assurance" policy it is.....qualifying or non-qualifying. I would find out exactly what type of policy it is as most would be qualifying & no tax payable. If tax was payable I dont think it would come under CGT rules but would be "top-sliced" and added to her income. If that then puts her into the 40% tax bracket she'll pay higher rate tax on (part) of the gain. Policies can be assigned to another person but you would have to find out if this one is able to.

    Also GRE (Guardian Royal Exchange) died many years ago so policy must be 30+ years old.
  • Covered End
    Covered End Posts: 51,989
    StrikerFirmani said:
    Covered End said:
    https://www.gov.uk/government/publications/gains-on-uk-life-insurance-policies-hs320-self-assessment-helpsheet/hs320-gains-on-uk-life-insurance-policies-2018
    Hells Bells 14 pages.      Cheers for the link. 
    If you haven't worked it out yet, tell us what the policy is .... qualifying, non qualifying, whole of life. endowment etc and we'll be able to sort out the answer. It's impossible to answer without that info.
  • StrikerFirmani
    StrikerFirmani Posts: 2,742
    Yes Golfie that is correct over 30yrs (1986). Tomorrow intend to get back in touch with them to ask that question re qualifying or non qualifying and what the Gain figure is for the policy.  It was originally more life cover but we decreased the life cover in 2001 so more of the premium were invested. It was called a Freedom Plan.     
  • Huskaris
    Huskaris Posts: 9,846
    Huskaris said:
    Considering buying a small e-commerce business as an active investment I guess, with the possibility of it (or another business) becoming a full time thing if it took off.

    My dream is to have a portfolio of companies as a venture or vulture capitalist. The last company I worked at were bought by vulture capitalists and it was amazing. I know it's a derogatory term to many but the act of taking a failing company and managing to turn around it's fortunes is amazing (although obviously not always done in the nicest way).
    First company acquired.

    https://dankpeepshowmemes.com/ is now mine, and more importantly, the instagram and facebook pages "Peep show memes for people who like their suzes big and their beats bigger" with their combined 130,000 followers. 

  • StrikerFirmani
    StrikerFirmani Posts: 2,742
    @golfaddick Forgot to say the policy is now held by ReAssure.
  • golfaddick
    golfaddick Posts: 33,624
    StrikerFirmani said:
    Yes Golfie that is correct over 30yrs (1986). Tomorrow intend to get back in touch with them to ask that question re qualifying or non qualifying and what the Gain figure is for the policy.  It was originally more life cover but we decreased the life cover in 2001 so more of the premium were invested. It was called a Freedom Plan.     
    Sounds like a flexible whole of life plan. Premiums would pay for the cost of the life cover with an element going into "savings".  Depending if you went for minimum, standard or maximum cover would mean more (or less) going into the savings element. 

    Dont think any gains would be taxable but you would have to check the policy docs to confirm. 
  • Covered End
    Covered End Posts: 51,989
    StrikerFirmani said:
    Yes Golfie that is correct over 30yrs (1986). Tomorrow intend to get back in touch with them to ask that question re qualifying or non qualifying and what the Gain figure is for the policy.  It was originally more life cover but we decreased the life cover in 2001 so more of the premium were invested. It was called a Freedom Plan.     
    Do you have the policy?
    The policy (probably page one), should have all these details/info.
  • StrikerFirmani
    StrikerFirmani Posts: 2,742
    Covered End said:
    StrikerFirmani said:
    Yes Golfie that is correct over 30yrs (1986). Tomorrow intend to get back in touch with them to ask that question re qualifying or non qualifying and what the Gain figure is for the policy.  It was originally more life cover but we decreased the life cover in 2001 so more of the premium were invested. It was called a Freedom Plan.     
    Do you have the policy?
    The policy (probably page one), should have all these details/info.
    Yes we have the policy info but having looked through it I see nothing regarding qualifying or non qualifying.

    There is mention that 'Payable On' the death of wife.   & Payable TO:  The owner named in the plan schedule or the person who has become the owner.   Which makes me wonder if the policy can be transferred as mentioned by Golfie.
  • golfaddick
    golfaddick Posts: 33,624
    edited May 2021
    StrikerFirmani said:
    @golfaddick Forgot to say the policy is now held by ReAssure.
    ReAssure have been hoovering up lots of defunct Life Companies over the years & as  you said earlier unfortunately the telephone staff wont be clued up on that type of policy.

    I had to ring them recently about a Pension they had taken over from Legal & General. They had no clue about the charging structure or what funds were available. I knew more than they did. They then sent me information on a totally different client, breaking GDPR rules in the process.

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