Investments - Strategies, Ideas, Options & advice

[PNWokingham]

Decided to pull the trigger on my main SIPP with AJ Bell - requested the full lump sum to be paid into my bank. Not accessing any taxable income and triggering the MPAA, so will leave my Drawdown pot fully invested in current investments. The online form was straightforward and took about 10 minutes. Undecided on whether to access my other SIPP (only about 13 of the total). I am leaning to not touching this one as still don't think she will reduce the lump sum overnight on 26th and i can leave to grow further and have space for more tax-free allowance.

 

[Neilds]

Decided to pull the trigger on my main SIPP with AJ Bell - requested the full lump sum to be paid into my bank. Not accessing any taxable income and triggering the MPAA, so will leave my Drawdown pot fully invested in current investments. The online form was straightforward and took about 10 minutes. Undecided on whether to access my other SIPP (only about 13 of the total). I am leaning to not touching this one as still don't think she will reduce the lump sum overnight on 26th and i can leave to grow further and have space for more tax-free allowance.

I can't imagine the changes will come in overnight. Procedures and stuff need to be put in place so would be Apr 26 at the very earliest

 

[Red devil]

I’ve a got a defined pension, a separate pot & the state pension. It’s the prior planning, which I guess what the thread is about, is what gives us the flexibility to choose the when…

"The when" being the key

 

[Red devil]

As compared to?

Outside the London & Southish bubble, where is the ‘nice’ place to raise a family in the U.K. these days?

Where I live, "England's Golf Coast " is not bad. Brought 2 kids up here no problems

 

[Lord Tyrion]

As compared to?

Outside the London & Southish bubble, where is the ‘nice’ place to raise a family in the U.K. these days?

Of those places I have experience of, Cheshire, Wirral, Cumbria, Northumberland, N. Yorkshire, Bristol / SW England. Plenty of other areas of the country I wouldn't have an issue with, I just don't know them well enough to state. If you have such a negative view, you need to alter your online algorithim or take more trips away.

 

[PNWokingham]

I can't imagine the changes will come in overnight. Procedures and stuff need to be put in place so would be Apr 26 at the very earliest

every logical scenario says that will be the case but it doesn't mean it won't or can't happen as some taxes do change overnight like stamp duty etc - and having listened to lots of experts nobody could say that it could not happen - ie the main message was highly unlikely due to the complexities of implememtation but certainly possible if they want to do it

 

[Mudball]

Of those places I have experience of, Cheshire, Wirral, Cumbria, Northumberland, N. Yorkshire, Bristol / SW England. Plenty of other areas of the country I wouldn't have an issue with, I just don't know them well enough to state. If you have such a negative view, you need to alter your online algorithim or take more trips away.

I agree… we are all clouded by our experiences and our travels. As part of work a few years ago, I spent time in places like Preston, Grimsby/Cleethorpes, Doncaster etc. it’s a different view if you are just visiting than when you stay/work there for while.

Not sure why this has shown up in my social feed today. The machines are listening. take what you want from the report - it’s not fact checked by me

The North-South divide is as wide as ever

Ninety years after Orwell exposed northern hardship, new data shows deprivation remains stark across England’s North

northeastbylines.co.uk

 

[Lord Tyrion]

I agree… we are all clouded by our experiences and our travels. As part of work a few years ago, I spent time in places like Preston, Grimsby/Cleethorpes, Doncaster etc. it’s a different view if you are just visiting than when you stay/work there for while.

Not sure why this has shown up in my social feed today. The machines are listening. take what you want from the report - it’s not fact checked by me

The North-South divide is as wide as ever

Ninety years after Orwell exposed northern hardship, new data shows deprivation remains stark across England’s North

northeastbylines.co.uk

I don't question that there is deprivation around, there is in every country and in every city or town.

I could post happiness tables or best places to live tables and I'm confident the NE would be well served in both. There are grim bits, there are happy bits . (The overall moral of the piece is don't live in Middlesbrough. I would back this statement ). I'm guessing it wouldn't take me too long to find the grim parts in London incidentally?

 

[The Squirrel]

It may not be all that scientific, but in the “best place for quality of life in the UK” features that pop up in the UK press frequently, I’ve seen at least half a dozen different North Yorkshire towns/cities that have been declared as best place to live in the UK (including my home one ). I’ve seen exactly zero where any part of London has won or even come close.

Unlike even the fanciest bits of London, you don’t even need to live anywhere NEAR the bad bits because (a) you can buy a house somewhere nice for less than a million quid and (b) there is infinitely more space so you are not all squashed together.

There’s a reason there are aspirational property programmes on TV called Escape to the Country and none at all called Escape to a London Commuter ‘burb. Just sayin’.

 

[PNWokingham]

Markets rallying hard again. But - Berkshire Hathawy has increased cash to $380bn or around 30% of assets, Sotbank just sold its entire $5.8bn stake in Nvidia and Micael Burry (from The Big Short) is making a massive bet agaisnt AI through $1bn+ put options on Palentir and Nvidia. It does feel that nearly all markets are defying gravity given the backdrop of high government debt, high inflation, low spreads on corporate bonds, high P/Es in most equity markets and huge global geopolitical threats. The big question is about timing and although things could go higher and stay high for a further extended period, it is hard to believe that we are not in a bubble and that a crash of some description is coming!

 

[Mudball]

Markets rallying hard again. But - Berkshire Hathawy has increased cash to $380bn or around 30% of assets, Sotbank just sold its entire $5.8bn stake in Nvidia and Micael Burry (from The Big Short) is making a massive bet agaisnt AI through $1bn+ put options on Palentir and Nvidia. It does feel that nearly all markets are defying gravity given the backdrop of high government debt, high inflation, low spreads on corporate bonds, high P/Es in most equity markets and huge global geopolitical threats. The big question is about timing and although things could go higher and stay high for a further extended period, it is hard to believe that we are not in a bubble and that a crash of some description is coming!

Crash is coming.. but no one knows when... The AI investments was the only thing that stopped US from going into recession...

Stay calm and stay invested..

 

[Mudball]

Rumours mills..

1) One hand gives... tbh, i did not know i was paying extra on UK securities. either way, I dont have much UK listed ones directly, only thru funds. Not sure how much it swings my mood

Reeves dangles a carrot: Will scrapping stamp duty on shares shake up Britain's investing habits? | Trustnet

News archive including articles on Fund Managers, Fund Selection, Asset Allocation, Absolute Return, Offshore Investments, Tax Shelters, Insurance bonds. Reeves dangles a carrot: Will scrapping stamp duty on shares shake up Britain's investing habits? | Trustnet

www.trustnet.com

2) On the other hand,... her other takes away.. and this is going to big. I am hoping htis wont happen.

UPDATED: Capping salary sacrifice will decimate pension pots, says AJ Bell | Trustnet

News archive including articles on Fund Managers, Fund Selection, Asset Allocation, Absolute Return, Offshore Investments, Tax Shelters, Insurance bonds. UPDATED: Capping salary sacrifice will decimate pension pots, says AJ Bell | Trustnet

www.trustnet.com

 

[PNWokingham]

Rumours mills..

1) One hand gives... tbh, i did not know i was paying extra on UK securities. either way, I dont have much UK listed ones directly, only thru funds. Not sure how much it swings my mood

Reeves dangles a carrot: Will scrapping stamp duty on shares shake up Britain's investing habits? | Trustnet

News archive including articles on Fund Managers, Fund Selection, Asset Allocation, Absolute Return, Offshore Investments, Tax Shelters, Insurance bonds. Reeves dangles a carrot: Will scrapping stamp duty on shares shake up Britain's investing habits? | Trustnet

www.trustnet.com

2) On the other hand,... her other takes away.. and this is going to big. I am hoping htis wont happen.

UPDATED: Capping salary sacrifice will decimate pension pots, says AJ Bell | Trustnet

News archive including articles on Fund Managers, Fund Selection, Asset Allocation, Absolute Return, Offshore Investments, Tax Shelters, Insurance bonds. UPDATED: Capping salary sacrifice will decimate pension pots, says AJ Bell | Trustnet

www.trustnet.com

i verymuch doubt she will touch stamp duty on shares but it now looks v likely she will limit salary sacrifice to circa 2k per year, which will be very painnful for many, especially the young financially savy who have decades until retirement.

 

[Mudball]

i verymuch doubt she will touch stamp duty on shares but it now looks v likely she will limit salary sacrifice to circa 2k per year, which will be very painnful for many, especially the young financially savy who have decades until retirement.

agree... Reducing stamp duty would have the guardian readers screaming 'tax break for rich' even though most dont realise that 90% pension expense ratios are affected.... Also the benefit will be tiny and too much for too little optics. She may get better optics if she raises stamp duty on all securities and claim 'like private schools, we are taxing the deep pockets' .. another fiction, but sells newspapers

i agree, cutting salary sacrifice is a kick in the teeth for everyone. cant be prudent and save nor save for long term. It will also be a kick in the nuts for biz, as their NI will go up further after last year's hike. People will look to reduce thier salary sacrifice from say 10% to 7%... so more money in hand and more tax and NI. So will drive more business into the ground.

Somewhere in my head there is a hope.. All this build up is a massive smoke mirror and she will pull a rabbit out of the hat and we will all breath a sigh of relief. I am buying a lottery tonight

 

[Mudball]

What a very nice story > https://apple.news/AegLaZU2BRSWJ3lyH9fGAmA


Solution: increase tax on PAYE broad shoulders

 

[SwingsitlikeHogan]

What a very nice story > https://apple.news/AegLaZU2BRSWJ3lyH9fGAmA


Solution: increase tax on PAYE broad shoulders

Plenty of honest taxpayers, too much selfish shysters. We are the country that they create,

 

[Mudball]

Finally, I see that Hargreaves has started offering UK Treasury bills for 3 or 6 months

6 Month UK Treasury Bill

Find out more about the 6 month UK Treasury Bill Launch.

www.hl.co.uk

 

[PNWokingham]

Markets are wobbling and opening weak again today - although the Mag 7 were still strong yesterday led by Alphabet after Warren Buffet has been adding but Bitcoin is still heading south. Feels like we are in for a volatile end to the year

Also - the PRA announced that teh Bank Deposit Insurance cap is being boosted to 120k from 865k on Dec 1

 

[Mudball]

Must be a lovely budget. I havent looked at it, except BBC App alerts - basically i feared the worst and it may be all the fears have come true.. dont know yet..

 

[Fade and Die]

Must be a lovely budget. I havent looked at it, except BBC App alerts - basically i feared the worst and it may be all the fears have come true.. dont know yet..

Well if you expected “Tax the Workers to pay for the Breeders and the Shirkers” you won’t be disappointed.