Investment

[Mottie]

If you use Spread Betting you can legally avoid tax ( at the moment)

Don’t let JohnD know - he'll dob you in.

 

[Justin Passing]

I expect they get worries.

Imagine this with more zeroes.

therefore I always imagine that they have nothing to worry over except for their health, so are all millionaires hypochondriacs ?

I think it may be more that, by the time get money together, the body is falling apart. Stuff just arrives. I had a diabetic eye scan today.
Got ishoos, need ferapy. Injections. Nice.

 

[Highway Man]

I expect they get worries.

Imagine this with more zeroes.

View attachment 425342



I think it may be more that, by the time get money together, the body is falling apart. Stuff just arrives. I had a diabetic eye scan today.
Got ishoos, need ferapy. Injections. Nice.

So with all of this wealth in stocks and shares, lets just be morbid for a moment, what happens to it all should the worst happen? So does it stay within the companies invested in and get absorbed or can your family retrieve it and how would they know who you had invested in with multiple investments?

 

[motorbiking]

It's no different to any bank account. If however it's a GIA rather than an ISA etc. The estate will need to pay capital gains tax on any final liquidation. All standard stuff. Many estates have to file a last tax return.

 

[motorbiking]

Well after today’s budget. You definitely don’t want savings in a bank account or income from property. Another 4% on both. 2% tax from Rachel and another 2% from Baldie. 49% tax for anyone on the top rate.

People will have to give up work, they won’t be able to afford it.

 

[JohnD]

49% tax for anyone on the top rate.

As you say, 49% for the 3% of highest earning taxpayers. But only on the interest and rent they receive.

I doubt many working people will see a need to give up working,

 

[motorbiking]

Can anyone explain what drives a gilt coupon. Is it basically economic outlook at launch? I’m looking at a range of options to move my cash out of savings to avoid the 4% sting

There seems to be a range of coupon rates. Obviously I want the lowest but is it that simple? Don’t mind it being tucked away for a year or so

 

[JohnD]

The AI bots can draw up recommendations for you. Depending on your age, spending plans, and tax status you might want a "ladder" of gilts maturing at intervals such as one a year for ten years. Martin Moneysaver recently published a simpler article.

 

[motorbiking]

As you say, 49% for the 3% of highest earning taxpayers. But only on the interest and rent they receive.

I doubt many working people will see a need to give up working,

Savings earning -1.5 to -1.7% interest. Nice.

 

[motorbiking]

The AI bots can draw up recommendations for you. Depending on your age, spending plans, and tax status you might want a "ladder" of gilts maturing at intervals such as one a year for ten years. Martin Moneysaver recently published a simpler article.

I won’t need to shelter if for more than 2 years. But a rolling maturity makes sense.

 

[JohnD]

It is not my policy to hold cash.

Some people may think it suits them.

 

[motorbiking]

Until the 4% stinger, it was a valid strategy as part of a balanced portfolio.

 

[JohnD]

I won’t need to shelter if for more than 2 years. But a rolling maturity makes sense.

There are probably only two or three low coupon, short date gilts to fit that.

You can buy a longer date and hope its price is high if you sell it before maturity.

You must not buy a Gilt fund or ETF.

 

[Highway Man]

Well after today’s budget. You definitely don’t want savings in a bank account or income from property. Another 4% on both. 2% tax from Rachel and another 2% from Baldie. 49% tax for anyone on the top rate.

People will have to give up work, they won’t be able to afford it.

All of my money is in the bank,, surely I cannot be taxed on my savings

 

[motorbiking]

think on™

since you have just broken into 40% tax, any interest over £500 will be taxed at 44%.

Even more reason to stuff your pension and get your full allowance back.