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Savings and Investments thread
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Well how much will actually get paid? The company still exists but has no operations. The money has already been paid out by the company to its shareholder who has spent it on a yacht. I suspect the company will declare bankruptcy and write off all but a small amount of what it owes the taxpayer. Whilst the shareholder when not on her yacht will be in the house of Lords. White collar crime.Friend Or Defoe said:I can think of a biggie but this isn't the forum. 😉
On a separate note, £122m of the £3.5bn has been clawed back. Bloody boat people.2 -
Are you referring to Medipro ? Govenment won the court case today but the Company went into Administration yesterday. Handy that 🤔.Friend Or Defoe said:I can think of a biggie but this isn't the forum. 😉
On a separate note, £122m of the £3.5bn has been clawed back. Bloody boat people.1 -
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Dividends tax is already practically in line with income tax. So unless you want to make it completely unviable to run a business, I wouldn’t touch it other than to possibly get rid of it.Bringing CGT into income tax would definitely be my preference but would need to raise the tax free allowance, which probably isn’t viable.0
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There was an application to appoint administrators yesterday for PPE Medpro Limited. Given that it’s been shown that Barrowman/Mone took £65m out, I suspect there will be plenty of goodies to be had under the POCA. Hopefully the first of many of these clawbacks.golfaddick said:
Are you referring to Medipro ? Govenment won the court case today but the Company went into Administration yesterday. Handy that 🤔.Friend Or Defoe said:I can think of a biggie but this isn't the forum. 😉
On a separate note, £122m of the £3.5bn has been clawed back. Bloody boat people.4 -
You should be doing better than that in “cash”. Still 4% + in money market funds, and just about 4% for 1 year bonds with reputable British- based banks ( and HSBC😂)RRob7Lee said:
I stopped buying gold about 12 months ago, I also sold what I had in a fund back in March, but still hold a fair amount of physical gold. Not sure I'd buy more at this stage but that's as much about already holding quite a lot, just buy a few gold sovereigns if you want to enter the market, or a fund if you have space in ISA/SIPP etc.Huskaris said:Does anyone else find it really interesting/surprising/worrying that we are in a world where gold is up 47% YTD, and the S&P is up 14%?
It feels like everyone is terrified of missing out so pumping the S&P whilst being absolutely terrified of what is coming, so also pumping gold!
I really wish I'd bought gold earlier this year, I might be about to get my hands on a little bit of cash and still think it would be a good purchase!That said I've also liquidated around 2/3rd of my SIPP to lock in the growth since March, currently sitting in cash, which does earn last time I looked 2.5% (having slowly dropped this year from 3.25%) so not the end of the world.2 -
PragueAddick said:
You should be doing better than that in “cash”. Still 4% + in money market funds, and just about 4% for 1 year bonds with reputable British- based banks ( and HSBC😂)RRob7Lee said:
I stopped buying gold about 12 months ago, I also sold what I had in a fund back in March, but still hold a fair amount of physical gold. Not sure I'd buy more at this stage but that's as much about already holding quite a lot, just buy a few gold sovereigns if you want to enter the market, or a fund if you have space in ISA/SIPP etc.Huskaris said:Does anyone else find it really interesting/surprising/worrying that we are in a world where gold is up 47% YTD, and the S&P is up 14%?
It feels like everyone is terrified of missing out so pumping the S&P whilst being absolutely terrified of what is coming, so also pumping gold!
I really wish I'd bought gold earlier this year, I might be about to get my hands on a little bit of cash and still think it would be a good purchase!That said I've also liquidated around 2/3rd of my SIPP to lock in the growth since March, currently sitting in cash, which does earn last time I looked 2.5% (having slowly dropped this year from 3.25%) so not the end of the world.
There are a limited number of SIPP'able deposit account providers and very few, if any, would pay those sorts of rates on deposits. You may be able to get a bit more on MMFs but they do carry risk, although pretty low in normal times (which these are not!).1 -
Really bad month for us, for the first time ever neither myself or my wife won anything. Both on roughly 30k.0
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£150 on 20k holding.
A better return than I’ve had in recent months, but will be moving that money into a global tracker going forward (Stocks ISA already maxed)1 -
Sponsored links:
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£350 on max, MrsR7L £50 on max, daughter £25 on around half holding.0
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Zero this time on max. Not ideal.1
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125 for me on a lot less than 50%
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Zero on full. First time for a while …
…although just found I won £30 on the lottery! 0 -
Worst month for us for a long time
£275 over 3xfull holding (one got £0)0 -
2 x £25 for me on 22k.
Having a great year so far0 -
£25 on £29k.0
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£125 max0
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£25 on £40k…meh 😒0
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Sponsored links:
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ok, I missed the “SIPP” context. I have a SIPP but as a tax NR it doesn’t fully function as such. I am busy de-risking it right now by gently cashing out profits from any funds which have tech stuff. MMFs are not, as you say, risk-free but they are a lot less risky right now than many of the funds I am in.bobmunro said:PragueAddick said:
You should be doing better than that in “cash”. Still 4% + in money market funds, and just about 4% for 1 year bonds with reputable British- based banks ( and HSBC😂)RRob7Lee said:
I stopped buying gold about 12 months ago, I also sold what I had in a fund back in March, but still hold a fair amount of physical gold. Not sure I'd buy more at this stage but that's as much about already holding quite a lot, just buy a few gold sovereigns if you want to enter the market, or a fund if you have space in ISA/SIPP etc.Huskaris said:Does anyone else find it really interesting/surprising/worrying that we are in a world where gold is up 47% YTD, and the S&P is up 14%?
It feels like everyone is terrified of missing out so pumping the S&P whilst being absolutely terrified of what is coming, so also pumping gold!
I really wish I'd bought gold earlier this year, I might be about to get my hands on a little bit of cash and still think it would be a good purchase!That said I've also liquidated around 2/3rd of my SIPP to lock in the growth since March, currently sitting in cash, which does earn last time I looked 2.5% (having slowly dropped this year from 3.25%) so not the end of the world.
There are a limited number of SIPP'able deposit account providers and very few, if any, would pay those sorts of rates on deposits. You may be able to get a bit more on MMFs but they do carry risk, although pretty low in normal times (which these are not!).0 -
Just £50 on max this month0
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£150 me and £125 the wife both on max0
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Nothing again on 9k 0
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£125 on half0
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Slim pickings here again on PBs. £50 for me on my half max and £100 for the wife on her max holding. Nothing for junior for the second month running on his quarter holding.
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£75 on max for me0
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£100 for me, £125 for Mrs M - 2 x max holdings.Half way through the current tax year and total winnings on the £100k stands at £1,550 - so an annualised return of 3.1% (net of course). Not bad, but not great either!0
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Can I ask what your rationale is for this?PragueAddick said:
ok, I missed the “SIPP” context. I have a SIPP but as a tax NR it doesn’t fully function as such. I am busy de-risking it right now by gently cashing out profits from any funds which have tech stuff. MMFs are not, as you say, risk-free but they are a lot less risky right now than many of the funds I am in.bobmunro said:PragueAddick said:
You should be doing better than that in “cash”. Still 4% + in money market funds, and just about 4% for 1 year bonds with reputable British- based banks ( and HSBC😂)RRob7Lee said:
I stopped buying gold about 12 months ago, I also sold what I had in a fund back in March, but still hold a fair amount of physical gold. Not sure I'd buy more at this stage but that's as much about already holding quite a lot, just buy a few gold sovereigns if you want to enter the market, or a fund if you have space in ISA/SIPP etc.Huskaris said:Does anyone else find it really interesting/surprising/worrying that we are in a world where gold is up 47% YTD, and the S&P is up 14%?
It feels like everyone is terrified of missing out so pumping the S&P whilst being absolutely terrified of what is coming, so also pumping gold!
I really wish I'd bought gold earlier this year, I might be about to get my hands on a little bit of cash and still think it would be a good purchase!That said I've also liquidated around 2/3rd of my SIPP to lock in the growth since March, currently sitting in cash, which does earn last time I looked 2.5% (having slowly dropped this year from 3.25%) so not the end of the world.
There are a limited number of SIPP'able deposit account providers and very few, if any, would pay those sorts of rates on deposits. You may be able to get a bit more on MMFs but they do carry risk, although pretty low in normal times (which these are not!).
Is it because you judge the AI/Tech bubble is set to burst or just the right time to bank the profit?
My curiosity, following these conversations where investors switch funds , is what makes people lose a bit of faith in the judgement of the fund managers.The US generally feels like it’s outperforming despite everything Trump does and should surely stall at some point but who knows when.0 -
The key thing here is my age (71) . If I were 51 I would not be doing this, not least because I wouldn’t be able to touch my SIPP whereas now I want to start using some of the hard-earned cash.valleynick66 said:
Can I ask what your rationale is for this?PragueAddick said:
ok, I missed the “SIPP” context. I have a SIPP but as a tax NR it doesn’t fully function as such. I am busy de-risking it right now by gently cashing out profits from any funds which have tech stuff. MMFs are not, as you say, risk-free but they are a lot less risky right now than many of the funds I am in.bobmunro said:PragueAddick said:
You should be doing better than that in “cash”. Still 4% + in money market funds, and just about 4% for 1 year bonds with reputable British- based banks ( and HSBC😂)RRob7Lee said:
I stopped buying gold about 12 months ago, I also sold what I had in a fund back in March, but still hold a fair amount of physical gold. Not sure I'd buy more at this stage but that's as much about already holding quite a lot, just buy a few gold sovereigns if you want to enter the market, or a fund if you have space in ISA/SIPP etc.Huskaris said:Does anyone else find it really interesting/surprising/worrying that we are in a world where gold is up 47% YTD, and the S&P is up 14%?
It feels like everyone is terrified of missing out so pumping the S&P whilst being absolutely terrified of what is coming, so also pumping gold!
I really wish I'd bought gold earlier this year, I might be about to get my hands on a little bit of cash and still think it would be a good purchase!That said I've also liquidated around 2/3rd of my SIPP to lock in the growth since March, currently sitting in cash, which does earn last time I looked 2.5% (having slowly dropped this year from 3.25%) so not the end of the world.
There are a limited number of SIPP'able deposit account providers and very few, if any, would pay those sorts of rates on deposits. You may be able to get a bit more on MMFs but they do carry risk, although pretty low in normal times (which these are not!).
Is it because you judge the AI/Tech bubble is set to burst or just the right time to bank the profit?
My curiosity, following these conversations where investors switch funds , is what makes people lose a bit of faith in the judgement of the fund managers.The US generally feels like it’s outperforming despite everything Trump does and should surely stall at some point but who knows when.I do think it has developed into a bubble, especially when someone like James Anderson, who remains a big believer in Nvidia, expresses his concerns about it. The other factor that has bothered me is that most of us who are mainly in funds rather than direct shares, hold far more tech than we realise in our broader based funds.3
