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Savings and Investments thread
Comments
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redman said:golfaddick said:HardyAddick said:Everyone takes a different approach. I live comfortably off the rents and not needed to touch the pension. Only issue is the residential houses have been owned for some years. They are not in a Limited Company or in a trust so CGT is an issue if I sell.
Am I missing something stupid?0 -
redman said:golfaddick said:HardyAddick said:Everyone takes a different approach. I live comfortably off the rents and not needed to touch the pension. Only issue is the residential houses have been owned for some years. They are not in a Limited Company or in a trust so CGT is an issue if I sell.
Am I missing something stupid?0 -
Just saying that there is an element of tax-free income available from your pension if you want it. Some people retire before getting the State pension & therefore might be below the 20% tax rate and so taking taxable income from a pension might not be the wisest thing to do if you can take some of it tax free. That might be in the form of a 25/75 split or 100% tax free. Just depends on your individual tax circumstances & also where you are taking the other monies from to generate your income. No real right or wrong answers, just what works best for you.
Also, being cynical, it might be in your Adviser's best interests if you didn't touch your Pension that he is "managing" for you and probably taking an ongoing fee for. The more you take out the less fees he will make from you. Better you take money out of Cash/Premium Bonds/Property that he has no control over or taking fees from. Just saying.2 -
cafcpolo said:Rob7Lee said:Well the markets continue to perform thankfully, think I'm going to take/bank some profit in my SIPP which is up over 12% since October, crazy times, I've earned more than my net annual salary since October.
How is everyone else doing, banking any profits or letting it ride?
Same boat since October, a smidge under 12.5%. Almost 3% in Feb alone.0 -
Rob7Lee said:cafcpolo said:Rob7Lee said:Well the markets continue to perform thankfully, think I'm going to take/bank some profit in my SIPP which is up over 12% since October, crazy times, I've earned more than my net annual salary since October.
How is everyone else doing, banking any profits or letting it ride?
Same boat since October, a smidge under 12.5%. Almost 3% in Feb alone.0 -
cafcpolo said:Rob7Lee said:cafcpolo said:Rob7Lee said:Well the markets continue to perform thankfully, think I'm going to take/bank some profit in my SIPP which is up over 12% since October, crazy times, I've earned more than my net annual salary since October.
How is everyone else doing, banking any profits or letting it ride?
Same boat since October, a smidge under 12.5%. Almost 3% in Feb alone.
First world problems as they say....0 -
For those who get end of year pay reviews and bonuses - how do you go about working out the new net position - I have the option of deferring to pension but want to model different options.
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Jon_CAFC_ said:For those who get end of year pay reviews and bonuses - how do you go about working out the new net position - I have the option of deferring to pension but want to model different options.2
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Rob7Lee said:cafcpolo said:Rob7Lee said:cafcpolo said:Rob7Lee said:Well the markets continue to perform thankfully, think I'm going to take/bank some profit in my SIPP which is up over 12% since October, crazy times, I've earned more than my net annual salary since October.
How is everyone else doing, banking any profits or letting it ride?
Same boat since October, a smidge under 12.5%. Almost 3% in Feb alone.
First world problems as they say....1 -
Jon_CAFC_ said:For those who get end of year pay reviews and bonuses - how do you go about working out the new net position - I have the option of deferring to pension but want to model different options.
More importantly if you can afford to, do you want money for nothing? Assuming you are a tax payer putting into pension is very tax efficient generally.1 - Sponsored links:
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Random investment observation:Select your favourite interactive charting app
select FTSE 100. Last 10 years.
Then add the French CAC 40 to it.Merde alors!0 -
Over 10 years it tells some story!CAC 40 +83%DAX 40 +81%DJ +143%NASDAQ +270%FTSE 100 +17%0
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Do these figures refelect dividends?0
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bobmunro said:eOver 10 years it tells some story!CAC 40 +83%DAX 40 +81%DJ +143%NASDAQ +270%FTSE 100 +17%I suppose it might be a reflection of the odd makeup of the FTSE100 over this period, heavy on old energy and light on tech. Curious how those closer to markets explain it.0
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The media always bang on about the S&P500, mainly because it out performs just about everyone, Buffett isn't often wrong, it's certainly performed very well for me.
You have to remember the NASDAQ has what, about 3,500 companies v's the FTSE's 100. It also has the sectors that have out performed massively.0 -
Remember me and my c*nt list?
Its now vastly overtaken the nice list again, BAE and the other defence companies not to mention Centrica lead the charge
Although, the money I have in funds are all doing well. The US one especially the Baillie Gifford American income one. The sustainable one with Janus Henderson is in clover but has dropped off somewhat
I do see the irony in me contributing to this thread and my absolute, at best, mistrust of the shiny faced upper class yet handing them money each month to keep me fed and watered when I retire3 -
For anyone who is lucky enough/performed well enough (delete as appropriate) to earn a bonus this year, the latest FT Money Clinic episode discusses the basic options for how to use your bonus payment.
https://www.ft.com/content/317143c6-b65f-4a12-ab63-812d2ed798d5
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IdleHans said:Do these figures refelect dividends?0
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redman said:IdleHans said:Do these figures refelect dividends?
0 - Sponsored links:
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Question - am I right in saying that as a basic rate tax payer with the ‘normal’ tax free allowance of £12,570 that I am allowed to earn a further £1,000 per tax year in interest without having to pay tax on it?0
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LargeAddick said:Question - am I right in saying that as a basic rate tax payer with the ‘normal’ tax free allowance of £12,570 that I am allowed to earn a further £1,000 per tax year in interest without having to pay tax on it?
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PragueAddick said:bobmunro said:eOver 10 years it tells some story!CAC 40 +83%DAX 40 +81%DJ +143%NASDAQ +270%FTSE 100 +17%I suppose it might be a reflection of the odd makeup of the FTSE100 over this period, heavy on old energy and light on tech. Curious how those closer to markets explain it.
Eurostox
FTSE100, 250 & Allshare
S&P500
Nikkei
Wowsers !!
THE FTSE Allshare is miles lower than the rest, especially over the past 20 years. Seriously underperformed.
Also the last 12 months makes interesting reading. Japan up 22%, US up 16%. FTSE100 up 5%.....and that's after a good run !1 -
golfaddick said:PragueAddick said:bobmunro said:eOver 10 years it tells some story!CAC 40 +83%DAX 40 +81%DJ +143%NASDAQ +270%FTSE 100 +17%I suppose it might be a reflection of the odd makeup of the FTSE100 over this period, heavy on old energy and light on tech. Curious how those closer to markets explain it.
Eurostox
FTSE100, 250 & Allshare
S&P500
Nikkei
Wowsers !!
THE FTSE Allshare is miles lower than the rest, especially over the past 20 years. Seriously underperformed.
Also the last 12 months makes interesting reading. Japan up 22%, US up 16%. FTSE100 up 5%.....and that's after a good run !
Now you know why I've turned quite a bit of my pension into cash!0 -
Rob7Lee said:golfaddick said:PragueAddick said:bobmunro said:eOver 10 years it tells some story!CAC 40 +83%DAX 40 +81%DJ +143%NASDAQ +270%FTSE 100 +17%I suppose it might be a reflection of the odd makeup of the FTSE100 over this period, heavy on old energy and light on tech. Curious how those closer to markets explain it.
Eurostox
FTSE100, 250 & Allshare
S&P500
Nikkei
Wowsers !!
THE FTSE Allshare is miles lower than the rest, especially over the past 20 years. Seriously underperformed.
Also the last 12 months makes interesting reading. Japan up 22%, US up 16%. FTSE100 up 5%.....and that's after a good run !
Now you know why I've turned quite a bit of my pension into cash!4 -
golfaddick said:Rob7Lee said:golfaddick said:PragueAddick said:bobmunro said:eOver 10 years it tells some story!CAC 40 +83%DAX 40 +81%DJ +143%NASDAQ +270%FTSE 100 +17%I suppose it might be a reflection of the odd makeup of the FTSE100 over this period, heavy on old energy and light on tech. Curious how those closer to markets explain it.
Eurostox
FTSE100, 250 & Allshare
S&P500
Nikkei
Wowsers !!
THE FTSE Allshare is miles lower than the rest, especially over the past 20 years. Seriously underperformed.
Also the last 12 months makes interesting reading. Japan up 22%, US up 16%. FTSE100 up 5%.....and that's after a good run !
Now you know why I've turned quite a bit of my pension into cash!0 -
Rob7Lee said:golfaddick said:Rob7Lee said:golfaddick said:PragueAddick said:bobmunro said:eOver 10 years it tells some story!CAC 40 +83%DAX 40 +81%DJ +143%NASDAQ +270%FTSE 100 +17%I suppose it might be a reflection of the odd makeup of the FTSE100 over this period, heavy on old energy and light on tech. Curious how those closer to markets explain it.
Eurostox
FTSE100, 250 & Allshare
S&P500
Nikkei
Wowsers !!
THE FTSE Allshare is miles lower than the rest, especially over the past 20 years. Seriously underperformed.
Also the last 12 months makes interesting reading. Japan up 22%, US up 16%. FTSE100 up 5%.....and that's after a good run !
Now you know why I've turned quite a bit of my pension into cash!2 -
cafcpolo said:Rob7Lee said:golfaddick said:Rob7Lee said:golfaddick said:PragueAddick said:bobmunro said:eOver 10 years it tells some story!CAC 40 +83%DAX 40 +81%DJ +143%NASDAQ +270%FTSE 100 +17%I suppose it might be a reflection of the odd makeup of the FTSE100 over this period, heavy on old energy and light on tech. Curious how those closer to markets explain it.
Eurostox
FTSE100, 250 & Allshare
S&P500
Nikkei
Wowsers !!
THE FTSE Allshare is miles lower than the rest, especially over the past 20 years. Seriously underperformed.
Also the last 12 months makes interesting reading. Japan up 22%, US up 16%. FTSE100 up 5%.....and that's after a good run !
Now you know why I've turned quite a bit of my pension into cash!0 -
LargeAddick said:Question - am I right in saying that as a basic rate tax payer with the ‘normal’ tax free allowance of £12,570 that I am allowed to earn a further £1,000 per tax year in interest without having to pay tax on it?4
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IdleHans said:LargeAddick said:Question - am I right in saying that as a basic rate tax payer with the ‘normal’ tax free allowance of £12,570 that I am allowed to earn a further £1,000 per tax year in interest without having to pay tax on it?A basic rate tax payer earning income excluding interest less than £12,570 (personal allowance) could earn £6,000 in interest and not pay a penny tax (£1,000 savings allowance and £5,000 staring rate for savings). That £5,000 starting rate reduces £1 for £1 if you earn above the £12,570, reducing to zero if you earn above £17,570., at which point you would just get the £1,000 savings allowance.E.g. earned income of £15,000 would get you a tax free savings interest allowance of £1,000 plus a starting rate allowance of £2,570 (£17,570 - £15,000) so the first £3,570 of interest is tax free.3