I just like the true facts of this case to be seen. Many people believe their Tax money saved Lloyds Bank. That is completely untrue. The facts are that Lloyds Bank shareholders saved the UK Government from an unprecedented run on the banking sector not seen since the 1920,s.
I just like the true facts of this case to be seen. Many people believe their Tax money saved Lloyds Bank. That is completely untrue. The facts are that Lloyds Bank shareholders saved the UK Government from an unprecedented run on the banking sector not seen since the 1920,s.
I stand corrected, although as that piece says, what did the taxpayer lose in the interim with austerity & the money could have been used elsewhere.
I'm of the firm belief that shareholders should never be bailed out. You buy shares in the knowledge of the risk involved. Different for depositors, although as I said yesterday, I believe the FSCS is too generous.
I just like the true facts of this case to be seen. Many people believe their Tax money saved Lloyds Bank. That is completely untrue. The facts are that Lloyds Bank shareholders saved the UK Government from an unprecedented run on the banking sector not seen since the 1920,s.
I stand corrected, although as that piece says, what did the taxpayer lose in the interim with austerity & the money could have been used elsewhere.
I'm of the firm belief that shareholders should never be bailed out. You buy shares in the knowledge of the risk involved. Different for depositors, although as I said yesterday, I believe the FSCS is too generous.
And if all the retail account holders lost their savings there would have been additional issues.
It was a unique global crisis that really had few options as to best address.
I just like the true facts of this case to be seen. Many people believe their Tax money saved Lloyds Bank. That is completely untrue. The facts are that Lloyds Bank shareholders saved the UK Government from an unprecedented run on the banking sector not seen since the 1920,s.
I stand corrected, although as that piece says, what did the taxpayer lose in the interim with austerity & the money could have been used elsewhere.
I'm of the firm belief that shareholders should never be bailed out. You buy shares in the knowledge of the risk involved. Different for depositors, although as I said yesterday, I believe the FSCS is too generous.
Bang on. Now let's apply that to the water companies. I'm sorry, Canadian teachers, but screw your stupid pension fund trustees
I just like the true facts of this case to be seen. Many people believe their Tax money saved Lloyds Bank. That is completely untrue. The facts are that Lloyds Bank shareholders saved the UK Government from an unprecedented run on the banking sector not seen since the 1920,s.
I stand corrected, although as that piece says, what did the taxpayer lose in the interim with austerity & the money could have been used elsewhere.
I'm of the firm belief that shareholders should never be bailed out. You buy shares in the knowledge of the risk involved. Different for depositors, although as I said yesterday, I believe the FSCS is too generous.
I don’t disagree, you buy the shares/investment and take risk of loss, against the prospect of rewards. However, in one day Lloyds was changed from one of the most solvent banks in the UK, to Lloyds/HBOS a debt laden failure. The UK Government, basically threw Lloyds under the bus, rather than nationalise HBOS. Following the crash and run on the Northern Rock Building Society, the Government could not allow another failure. This case is in my knowledge unique, and cannot be compared to issues today, with Utility companies and other public quoted entities. To this day Gordon Brown and Eric Daniels (Lloyds CEO) are hated, by Lloyds staff.
I just like the true facts of this case to be seen. Many people believe their Tax money saved Lloyds Bank. That is completely untrue. The facts are that Lloyds Bank shareholders saved the UK Government from an unprecedented run on the banking sector not seen since the 1920,s.
I stand corrected, although as that piece says, what did the taxpayer lose in the interim with austerity & the money could have been used elsewhere.
I'm of the firm belief that shareholders should never be bailed out. You buy shares in the knowledge of the risk involved. Different for depositors, although as I said yesterday, I believe the FSCS is too generous.
I don’t disagree, you buy the shares/investment and take risk of loss, against the prospect of rewards. However, in one day Lloyds was changed from one of the most solvent banks in the UK, to Lloyds/HBOS a debt laden failure. The UK Government, basically threw Lloyds under the bus, rather than nationalise HBOS. Following the crash and run on the Northern Rock Building Society, the Government could not allow another failure. This case is in my knowledge unique, and cannot be compared to issues today, with Utility companies and other public quoted entities. To this day Gordon Brown and Eric Daniels (Lloyds CEO) are hated, by Lloyds staff.
Most banks have suffered on the share price since 2008.
Natwest is one of the worst, a high wasn't it of 6500 now less than 10% of that. Barclays were around 2200, now 380.
For staff owning shares they tend to sit on them rather than trade, if they'd have traded in and out they would likely have done OK.
I get and buy shares in my company, like i've always done, I tend to sell at the earliest opportunity. As I haven't actively chosen that share I like to get out ASAP!
I've bought and sold both Barclays and Lloyds shares over the past 10 year and have done quite well on them.
Barclays restructured their shares in 2002, which is about where your 2,200 level comes from @Rob7Lee. They’d hit £24 at one stage, with the 4:1 split making that £6 in “new money”.
If they were still £22-£24 I would be writing this from my villa on the beach in St Lucia!! 🥺😂
I'm having a look at my accounts and have two S and S ISA's - one with HL and one with Fidelity. I'd like to transfer them both to cash ISAs. How do I do this and not lose the tax benefits? Is now a good/bad time to do this?
You should be able to transfer an HL S&S ISA to an HL cash ISA very easily, and then to another cash ISA provider if you want to. I'd imagine Fidelity are similar. You would not lose the tax benefits as long as you dont cash out the S&S ISAs and reinvest - just keep the funds within the ISA wrapper.
Is now a good time to do it? Your guess is as good as mine. Actually better than mine as I have no idea of your circumstances, attitude to risk or your financial aims. Good luck!
When you open the cash isa state on the application that you want to transfer in from a s & s isa and provide the relevant companies details and your account details on the application. The new provider contacts the existing provider and transfers the amount specified (doesn’t have to be the whole pot)
I've been due back some tax, from my 2023/2024 self-assessment return, refund request submitted April 2024. The payment turned up today, after 19 months. HMRC must have a hefty backlog going on!
I went to Civil Servants "Do" when I worked for the DVSA, and partnered up with a HEO from HMRC special compliance. He told me that a new computer system had been stress tested and failed miserably. That was about 3yrs ago, so it maybe not up and running. Mind Civil Service and IT systems Updates are normally a recipe for total chaos.
I'm having a look at my accounts and have two S and S ISA's - one with HL and one with Fidelity. I'd like to transfer them both to cash ISAs. How do I do this and not lose the tax benefits? Is now a good/bad time to do this?
I had a S&S Isa with Vanguard, switched it to Trading 212 where I have both a cash and S&S ISA and it's really easy at that point to move between the two. Think they are still one of the highest paying for a cash ISA rates.
I'm having a look at my accounts and have two S and S ISA's - one with HL and one with Fidelity. I'd like to transfer them both to cash ISAs. How do I do this and not lose the tax benefits? Is now a good/bad time to do this?
Good or bad time for what ? Good time to cash in gains made before stockmarkets fall ? Bad time if they surge ahead even more ? Good time to bag a good fixed interest rate on a Cash ISA before interest rates fall further?
I'm having a look at my accounts and have two S and S ISA's - one with HL and one with Fidelity. I'd like to transfer them both to cash ISAs. How do I do this and not lose the tax benefits? Is now a good/bad time to do this?
I had a S&S Isa with Vanguard, switched it to Trading 212 where I have both a cash and S&S ISA and it's really easy at that point to move between the two. Think they are still one of the highest paying for a cash ISA rates.
Yep the t212 stocks and shares cash interest is really good. It’s where my emergency fund is kept.
t212 have said they were going to offer SIPPs this year, but that remains to be seen, would be extremely interested in moving my vanguard SIPP to trading 212.
I'm having a look at my accounts and have two S and S ISA's - one with HL and one with Fidelity. I'd like to transfer them both to cash ISAs. How do I do this and not lose the tax benefits? Is now a good/bad time to do this?
I had a S&S Isa with Vanguard, switched it to Trading 212 where I have both a cash and S&S ISA and it's really easy at that point to move between the two. Think they are still one of the highest paying for a cash ISA rates.
Yep the t212 stocks and shares cash interest is really good. It’s where my emergency fund is kept.
t212 have said they were going to offer SIPPs this year, but that remains to be seen, would be extremely interested in moving my vanguard SIPP to trading 212.
Yes and being a flexible ISA you can withdraw and pay in as your hearts content!!
Comments
I'm of the firm belief that shareholders should never be bailed out. You buy shares in the knowledge of the risk involved. Different for depositors, although as I said yesterday, I believe the FSCS is too generous.
Natwest is one of the worst, a high wasn't it of 6500 now less than 10% of that. Barclays were around 2200, now 380.
For staff owning shares they tend to sit on them rather than trade, if they'd have traded in and out they would likely have done OK.
I get and buy shares in my company, like i've always done, I tend to sell at the earliest opportunity. As I haven't actively chosen that share I like to get out ASAP!
I've bought and sold both Barclays and Lloyds shares over the past 10 year and have done quite well on them.
If they were still £22-£24 I would be writing this from my villa on the beach in St Lucia!! 🥺😂
He told me that a new computer system had been stress tested and failed miserably.
That was about 3yrs ago, so it maybe not up and running.
Mind Civil Service and IT systems Updates are normally a recipe for total chaos.
Too many questions & not enough detail.
t212 have said they were going to offer SIPPs this year, but that remains to be seen, would be extremely interested in moving my vanguard SIPP to trading 212.