Taxy taxy time.
Well, I suppose the money to fund all the layabouts and illegals has to come from somewhere.
Well, I suppose the money to fund all the layabouts and illegals has to come from somewhere.
Oh so you have a S&S ISA do you?
- Thread starter diy_fun_uk
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As I read it, it’s stocks and shares ISA's only, not cash ISA's isn’t it? If so, perhaps the thread title should be edited.
Keep knocking them in for the next three years boyo.
Dig in.
Keep praising them till they implode boyo.
Praising them?
They are the UK government. So be it. I’m sure Kemi would do a sterling job too. At least she has the UKs interests at heart.
If a selfish deceitful scrounging lying traitorous Brexiteer populist takes the helm, I’ll reserve my vitriol till then.
Nah. You won’t and you know it.
Hasn’t the forum super investor been banging on about S&S ISA's for years now and their tax free advantages? You know who I mean - the one that calls others that use the tax system to their advantage *'Tax Dodgers'
* Those that save more tax than he does on a bigger amount of dosh.
* Those that save more tax than he does on a bigger amount of dosh.
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It's a raid on the cash that comes from dividend payments and left over deposits after stock purchases made in S&S ISA's. There is an obvious loop hole in her changes to Cash ISA rules that would allow S&S surplus cash to be tax free or even a S&S interest account being used as a cash ISA. That and converting S&S ISAs to cash ISAs.
Accumulating ETF's is one way to avoid it or setting up drip funding rules. You have to be careful that drips don't incur excessive transaction fees.
Obviously everyone will have a few £100 left in their S&S ISA and multiplying that out, results in a nice tax levy.
Accumulating ETF's is one way to avoid it or setting up drip funding rules. You have to be careful that drips don't incur excessive transaction fees.
Obviously everyone will have a few £100 left in their S&S ISA and multiplying that out, results in a nice tax levy.
It’s 22% on any interest you receive on cash held in your S&S ISA. Not on all the cash.
I can understand having a small amount of cash sitting in a S&S ISA, but why would anyone have a significant amount? Either get it invested, or move it to a cash ISA for a better rate of interest.
Don’t get me wrong, I hate the idea of a tax associated with an ISA, but the actually monetary effect of this is small.
I can understand having a small amount of cash sitting in a S&S ISA, but why would anyone have a significant amount? Either get it invested, or move it to a cash ISA for a better rate of interest.
Hargreaves Landsdown will give you 1.3% on that - so £3.90. The taxman is going to take 86p. I don’t think that’s going to multiply out to a lot.
Don’t get me wrong, I hate the idea of a tax associated with an ISA, but the actually monetary effect of this is small.
The solution is to take example from this government: spend every single penny you have.
Then spend more and live in as much debt as you can.
When you'll die take the debt to your grave.
Then spend more and live in as much debt as you can.
When you'll die take the debt to your grave.
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Stocks and shares ISA I'm not clear on.
If you hold shares plus have say £100 cash i didn't think you will pay tax.
If you open a stocks ISA and place cash in but don't buy any shares then you get paid interest on that deposit at 3.8% per year. I get paid daily interest although its only pence as I don't hold much cash.
Some put £1000s in a stocks and shares ISA just for the daily interest payments.
This is what the government are after I think not the investors.
I need to find out
If you hold shares plus have say £100 cash i didn't think you will pay tax.
If you open a stocks ISA and place cash in but don't buy any shares then you get paid interest on that deposit at 3.8% per year. I get paid daily interest although its only pence as I don't hold much cash.
Some put £1000s in a stocks and shares ISA just for the daily interest payments.
This is what the government are after I think not the investors.
I need to find out
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Uninvested cash is subject to tax.
