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Savings and Investments thread
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Zilch here for me, Mrs Chaz and junior this month.
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bobmunro said:PragueAddick said:£150 for me. Not bad on its own, but I am still well below 4% yield so far this year. (on 43k) I'm still waiting for Ernie to pull his finger out.
I'm running annually at about 4.5% on two max holdings. Happy with that.
Since Jan 2021 (annualised), I'm running at around 3% (my holdings have changed during that time, was max, now about £25k), my wife, max holding the whole time is 5.3%, daughter with £25k ish is at 9%! -
Sorry @PragueAddick looks like my daughter at least has been taking some of yours
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Nothing on slightly more than nothing2
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Nothing for me on 8k0
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Just to make everyone feel better. A £700 holding, only held since November, wins £100k.
Makes you sick!!5 -
£700 total holding, £500 (which was the winner) bought in November 23. Not a bad return!superclive98 said:Just to make everyone feel better. A £700 holding, only held since November, wins £100k.
Makes you sick!!1 -
£50 on full hold.
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£300 Max1
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£250 on max holding - second month running.
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£225 between me and wife both with max 😂lowest for long time1
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£200 for me £125 'Er Indoors. Neither of us anywhere near maximum holding.1
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£500 for me, not even close to 50% of maximum holding4
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With just a few weeks to go, we're not looking as good this half year with everyone below where we currently are, but suspect everyone is happy that it's higher than all our predictions. Think TEL is running away with this.......
FTSE100 Level 8,285.34 Name Level Variance % Variance @TelMc32 8100 185.34 2.24% MrWalker 8077 208.34 2.51% WishIdStayedInThe Pub 8047 238.34 2.88% Thread Killer 8016 269.34 3.25% cafcpolo 8011 274.34 3.31% guinnessaddick 8001 284.34 3.43% Solidgone 8001 284.34 3.43% bobmunro 7989 296.34 3.58% Redman 7988 297.34 3.59% holyjo 7979 306.34 3.70% aitchyaddick 7978 307.34 3.71% Pedro45 7975 310.34 3.75% blackpool72 7970 315.34 3.81% CharltonKerry 7966 319.34 3.85% PragueAddick 7965 320.34 3.87% HardyAddick 7951 334.34 4.04% Jamescafc 7950 335.34 4.05% wwaddick 7934 351.34 4.24% Salad 7918 367.34 4.43% Hornchurch 7902 383.34 4.63% meldrew66 7901 384.34 4.64% oohaahmortimer 7891 394.34 4.76% Rob7Lee 7891 394.34 4.76% Housty 7882 403.34 4.87% Bangkokaddick 7878 407.34 4.92% Lonelynorthernaddick 7870 415.34 5.01% Addick Addict 7864 421.34 5.09% Jon_CAFC_ 7864 421.34 5.09% valleynick66 7863 422.34 5.10% thecat 7850 435.34 5.25% CAFCWest 7839 446.34 5.39% TheGhostofTomHovi 7830 455.34 5.50% Huskaris 7825 460.34 5.56% Addickinedi 7824 461.34 5.57% LargeAddick 7824 461.34 5.57% IdleHans 7810 475.34 5.74% Daarrrzzettbum 7801 484.34 5.85% RalphMilne 7795 490.34 5.92% Morboe 7768 517.34 6.24% fat man on a moped 7758 527.34 6.36% StrikerFirmani 7720 565.34 6.82% golfaddick 7680 605.34 7.31% Covered End 7579 706.34 8.53% Fortune 82nd Minute 7450 835.34 10.08% Lenglover 7401 884.34 10.67% Er_Be_Ab_Pl_Wo_Wo_Ch 6999 1286.34 15.53% 3 -
I picked 7970 with my optimistic head on.
I never thought it would go this high.
But as Rob7Lee says the higher the better for everyone.3 -
Never been happier to be so wrong 😊4
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Not there yet @Rob7Lee…remember we’ve lost 200 points from the recent high, so still all to play for. I actually thought it would be higher than 8,100 but didn’t need to suggest a higher number. As you say, the higher the better for all of us in any case.1
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My 7810 was a simple rise of 4% over 6 months, which seemed reasonable at the time, and I'd have been fairly content with that after the strong end to 2023. Things can change quickly, of course, but with 3 weeks left I am happy that my prediction has undershot by a good distance.
I'm much better at beat the bookie than this. Perhaps I could learn from that...2 -
reverse psychology. Went low wanting high 🙂2
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Whilst not wanting to turn this thread into anything remotely political, for those interested in Pensions it looks as if Labour have rowed back and will no longer be putting in their manifesto the bringing back of the LTA - one piece of good news this week!3
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Doesn't mean they wont do it though. Not everything a Government does is written in its manifesto.Rob7Lee said:Whilst not wanting to turn this thread into anything remotely political, for those interested in Pensions it looks as if Labour have rowed back and will no longer be putting in their manifesto the bringing back of the LTA - one piece of good news this week!
I guarantee there will be some tinkering to pensions, IHT & CGT. The last 2 are seen by the public to be "tax avoiders" and so are an easy win for any incoming Labour government.
I heard that Rachel Reeves wants the OBR to take a look at her plans & do a thorough costing.....which will take around 10 weeks. This is what scuppered Liz Truss as she said she couldn't wait that long before putting her grand plans into action.
This would mean no Budget until at least October, with any tax changes happening from April 2025 and not immediately.1 -
I think I know the answer to this, but wanted to see if anyone had any additional insight. It’s a question in relation to the giving/receiving of a cash gift and the tax that needs to be paid on it.
Am I right in thinking that the recipient of cash gift does not need to pay any income tax on it or declare to HMRC?My understanding is that the only tax due would be inheritance tax if the donor dies within 7 years.I guess there would also be a need to declare any interest generated as a result of the gift/savings as well.0 -
cafctom said:I think I know the answer to this, but wanted to see if anyone had any additional insight. It’s a question in relation to the giving/receiving of a cash gift and the tax that needs to be paid on it.
Am I right in thinking that the recipient of cash gift does not need to pay any income tax on it or declare to HMRC?My understanding is that the only tax due would be inheritance tax if the donor dies within 7 years.I guess there would also be a need to declare any interest generated as a result of the gift/savings as well.Correct. You can gift any amount to any individual and IHT is avoided if you live for a further seven years (tax is on a sliding scale if you live for less than that).Also, you can gift up to £3,000 (in total, not per person) in any year that will not form part of IHT calculations.*None of this applies in regards to gifts to spouse/civil partner as these are all outside IHT.
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Have I missed this? Have they explicitly said no plans to reintroduce ?Rob7Lee said:Whilst not wanting to turn this thread into anything remotely political, for those interested in Pensions it looks as if Labour have rowed back and will no longer be putting in their manifesto the bringing back of the LTA - one piece of good news this week!0 -
LTA Dropped from manifesto, but obviously could come back at a later datevalleynick66 said:
Have I missed this? Have they explicitly said no plans to reintroduce ?Rob7Lee said:Whilst not wanting to turn this thread into anything remotely political, for those interested in Pensions it looks as if Labour have rowed back and will no longer be putting in their manifesto the bringing back of the LTA - one piece of good news this week!
https://www.bbc.co.uk/news/articles/cd11n2krmm4o.amp
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Yes, no income tax on cash gifts but an inheritance tax liability that tapers over 7 years to zero.
And, yes, if the cash then generates interest ...
see: https://www.gov.uk/apply-tax-free-interest-on-savings
Note that Labour have said they will close the inheritance tax 'loop hole'. No idea if that made the manifesto but, as Golfie says above, doesn't stop them doing it. It's interesting they have now ruled out changes to capital gains tax and corporation tax. That still leaves a lot of scope to raise tax but I'm beginning to think they are going to go 'off balance sheet' again with PFI.
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Just be careful on taper relief.
any gifts prior to death within 7 years come first, ie they will use up the IHT allowance before anything else.
so give away less than £325k and die within 7 years they’ll be no taper relief as it simply uses up an element of the £325k.1 -
How do the authorities know if after I died that Ive given money to someone as a gift or whether this payment was for work that’s been carried out?0
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My suspicion is this is a temporary relief only and something will be brought in at some stage but perhaps in a slightly different format.Rob7Lee said:Whilst not wanting to turn this thread into anything remotely political, for those interested in Pensions it looks as if Labour have rowed back and will no longer be putting in their manifesto the bringing back of the LTA - one piece of good news this week!0
