- My dad has created a financial and moral problem. Please help
My dad owns his own home and after my mum died, he got together with a new partner in 2008 and she lived in a council house. They decided to buy her council house and get the discount. The house...
560 points674 comments5 d ago
- Just learnt something about salary sacrifice that encouraged me to increase my contribution. Thought i'd share!
Now this might be very obvious to the average person, but I hadn't looked at it this way until now due to lack of research. I looked at increasing my salary sacrifice to 7.5% a while back, when a...
499 points107 comments6 d ago
- Would it be a bad idea to use some of my savings to clear my girlfriend’s debt?
Hi everyone, I’m 44 and live on my own in a house with a mortgage. I earn £80k a year and, financially speaking, I’m in a pretty comfortable position. I’m not someone who spends much or lives an...
399 points1,144 comments3 d ago
- My dad has the invested a substantial sum overseas - is it a scam?
Hello, long time lurker here. My dad (78) just called me with some surprising news. He has invested a large lump sum with a company called inverset. He informed me it’s not a scam and he’s got a...
201 points230 comments5 d ago
- I've started my first ever near minimum wage full time job at age 38, paying the minimum amount in to my pension, will I ever be able to retire?
I'm 38 years old on 27.5K a year, paying the minimum amount in to my pension, with hardly anything at all in my pension. I have 30k saved in my bank account, I live alone renting and pay £196 per...
194 points125 comments5 d ago
- Please help. Bailiff at my door with a warrant this morning
Hi all I'm an ex addict - long story, girlfriend committed suicide, I ended up on drugs and in debt. Eventually I went to prison but I got myself clean and have been out of prison and off drugs...
131 points61 comments7 d ago
- Interest rates - why are they being raised?
Can someone with an economic background answer this for me? I understand that the primary goal of the BoE’s rate setting is to control inflation (2.5% target). I also understand that higher rates...
112 points160 comments6 d ago
- Husband and father of three and I am two months away from being in complete financial meltdown
My mental health has been in pieces over the last couple of years and I am not earning full salary due to being on long-term sick. As a result of this I have only enough left in savings to make up...
106 points47 comments2 d ago
- How much pension is too much pension?
I appreciate that I'm in a very fortunate position. At the age of 40, I've managed to accumulate over £400k in my pension pot. Over the last 5 years the funds have grown around 90%, over the last...
83 points174 comments6 d ago
- Can I deposit cash into my debit card with contactless?
So I have a problem with controlling parents and one of the problems is that they don’t allow me to use my physical debit card and they hide it away from me “in case I lose it” (even though I’m...
67 points77 comments4 d ago