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Savings and Investments thread
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Yeah but there are certain words my fingers just wont type. Sadly the last bit of your username joins the ranks of the super snakes.Friend Or Defoe said:
I have a username!golfaddick said:
As someone said......the public need to be made aware of the pros & cons of saving & investing.SantaClaus said:I'm no great fan of Rachel Reeves but she's highlighting an obvious truth. Parking your wealth in cash and telling yourself it's the safe option is childishly naive.
It's a difficult job trying to advise the public that their money might be better off being "invested" rather than being "saved". Lots of people were burned, or know someone who was burned, by the endowment scandal, pension miss-selling, Equitable Life etc etc.
I'm hoping to retire in a few years time. I don't want to be caught up in another Govenment "initiative" that when it backfires is left to take the blame.5 -
The BBC referenced the below link yesterday, regarding the estimated numbers of millionaires (in USD value) leaving the UK this year. Once again the veracity is debatable with it being a sample and using YTD movements. The UK has the biggest loss of millionaires of the countries documented.
https://www.henleyglobal.com/publications/henley-private-wealth-migration-report-2025/country-wealth-flows0 -
That's fair and reasonable.golfaddick said:
Yeah but there are certain words my fingers just wont type. Sadly the last bit of your username joins the ranks of the super snakes.Friend Or Defoe said:
I have a username!golfaddick said:
As someone said......the public need to be made aware of the pros & cons of saving & investing.SantaClaus said:I'm no great fan of Rachel Reeves but she's highlighting an obvious truth. Parking your wealth in cash and telling yourself it's the safe option is childishly naive.
It's a difficult job trying to advise the public that their money might be better off being "invested" rather than being "saved". Lots of people were burned, or know someone who was burned, by the endowment scandal, pension miss-selling, Equitable Life etc etc.
I'm hoping to retire in a few years time. I don't want to be caught up in another Govenment "initiative" that when it backfires is left to take the blame.0 -
https://www.londonproperty.co.uk/en/non-dom-exodus-tax-changes-london-property-2025/
10,800 millionaires left the UK in 24-25.
Exodus of Non-Dom millionaires leaving empty properties all over London.0 -
So, places we could house asylum seekers. If the "rich" want to leave so that they arent taxed then its only right we take back their property. They don't need it if they are living elsewhere.Covered End said:https://www.londonproperty.co.uk/en/non-dom-exodus-tax-changes-london-property-2025/
10,800 millionaires left the UK in 24-25.
Exodus of Non-Dom millionaires leaving empty properties all over London.10 -
Apparently there are ~3.1M millionaires in the U.K.Covered End said:https://www.londonproperty.co.uk/en/non-dom-exodus-tax-changes-london-property-2025/
10,800 millionaires left the UK in 24-25.
Exodus of Non-Dom millionaires leaving empty properties all over London.2 -
Does that include all the millionaires living in the SE that don't have any money ?se9addick said:
Apparently there are ~3.1M millionaires in the U.K.Covered End said:https://www.londonproperty.co.uk/en/non-dom-exodus-tax-changes-london-property-2025/
10,800 millionaires left the UK in 24-25.
Exodus of Non-Dom millionaires leaving empty properties all over London.4 -
It doesn't take much to be a millionaire anymore. Even if you dont take property into account - I have a number of clients that have over £1m in assets that isnt in housing.se9addick said:
Apparently there are ~3.1M millionaires in the U.K.Covered End said:https://www.londonproperty.co.uk/en/non-dom-exodus-tax-changes-london-property-2025/
10,800 millionaires left the UK in 24-25.
Exodus of Non-Dom millionaires leaving empty properties all over London.
Anyway, a wealth tax is for the super rich. Those with 10's of millions.8 -
There's probably a stat somewhere of how many £1m+ houses in the UK and I bet it's more than we think (granted some will be mortgaged).....golfaddick said:
It doesn't take much to be a millionaire anymore. Even if you dont take property into account - I have a number of clients that have over £1m in assets that isnt in housing.se9addick said:
Apparently there are ~3.1M millionaires in the U.K.Covered End said:https://www.londonproperty.co.uk/en/non-dom-exodus-tax-changes-london-property-2025/
10,800 millionaires left the UK in 24-25.
Exodus of Non-Dom millionaires leaving empty properties all over London.
Anyway, a wealth tax is for the super rich. Those with 10's of millions.
edit, apparently 750,000, 1 in 42 homes.0 -
That's an uncharacteristically optimistic take.golfaddick said:
It doesn't take much to be a millionaire anymore. Even if you dont take property into account - I have a number of clients that have over £1m in assets that isnt in housing.se9addick said:
Apparently there are ~3.1M millionaires in the U.K.Covered End said:https://www.londonproperty.co.uk/en/non-dom-exodus-tax-changes-london-property-2025/
10,800 millionaires left the UK in 24-25.
Exodus of Non-Dom millionaires leaving empty properties all over London.
Anyway, a wealth tax is for the super rich. Those with 10's of millions.2 - Sponsored links:
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You’re exactly the sort of person that needs investigating, big house, flash car yet only works one night a yearSantaClaus said:
That's an uncharacteristically optimistic take.golfaddick said:
It doesn't take much to be a millionaire anymore. Even if you dont take property into account - I have a number of clients that have over £1m in assets that isnt in housing.se9addick said:
Apparently there are ~3.1M millionaires in the U.K.Covered End said:https://www.londonproperty.co.uk/en/non-dom-exodus-tax-changes-london-property-2025/
10,800 millionaires left the UK in 24-25.
Exodus of Non-Dom millionaires leaving empty properties all over London.
Anyway, a wealth tax is for the super rich. Those with 10's of millions.19 -
Brilliant 🤣🤣eaststandmike said:
You’re exactly the sort of person that needs investigating, big house, flash car yet only works one night a yearSantaClaus said:
That's an uncharacteristically optimistic take.golfaddick said:
It doesn't take much to be a millionaire anymore. Even if you dont take property into account - I have a number of clients that have over £1m in assets that isnt in housing.se9addick said:
Apparently there are ~3.1M millionaires in the U.K.Covered End said:https://www.londonproperty.co.uk/en/non-dom-exodus-tax-changes-london-property-2025/
10,800 millionaires left the UK in 24-25.
Exodus of Non-Dom millionaires leaving empty properties all over London.
Anyway, a wealth tax is for the super rich. Those with 10's of millions.3 -
Let me quote the two key points from that laughable piece of "analysis" by a bunch of estate agents. I have deliberately reversed the order in which they originally appearCovered End said:https://www.londonproperty.co.uk/en/non-dom-exodus-tax-changes-london-property-2025/
10,800 millionaires left the UK in 24-25.
Exodus of Non-Dom millionaires leaving empty properties all over London.
• Scale of Exodus: Over 10,800 millionaires left the UK in 2024–2025, relocating to tax havens like Dubai, Monaco, and the UAE, reducing demand for London’s £2M+ properties by 20%.• Tax Changes: From April 2025, non-doms face 40% inheritance tax (IHT) on global assets after 10 years of residency, replacing the previous remittance-based system, prompting significant outmigration.
Do you not now see the rather glaring dissonance between the time -frame of the event and the claimed cause of it?
I am not saying that nobody has decided to leave as a result of the government's changes. I am simply challenging the "exodus" assertion as unsupported by any hard facts.
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To be fair the non Dom status was announced in the Autumn 2024 statement, and was mooted for at least 3 month before that.PragueAddick said:
Let me quote the two key points from that laughable piece of "analysis" by a bunch of estate agents. I have deliberately reversed the order in which they originally appearCovered End said:https://www.londonproperty.co.uk/en/non-dom-exodus-tax-changes-london-property-2025/
10,800 millionaires left the UK in 24-25.
Exodus of Non-Dom millionaires leaving empty properties all over London.
• Scale of Exodus: Over 10,800 millionaires left the UK in 2024–2025, relocating to tax havens like Dubai, Monaco, and the UAE, reducing demand for London’s £2M+ properties by 20%.• Tax Changes: From April 2025, non-doms face 40% inheritance tax (IHT) on global assets after 10 years of residency, replacing the previous remittance-based system, prompting significant outmigration.
Do you not now see the rather glaring dissonance between the time -frame of the event and the claimed cause of it?
I am not saying that nobody has decided to leave as a result of the government's changes. I am simply challenging the "exodus" assertion as unsupported by any hard facts.
Im sure if it was announced that, I dunno, something strange like a 10% wealth tax was announced in this Autumns budgets to take effect April 2026 and was mooted from last month, quite a few people may leave before April 2026!1 -
What does that say and what's your opinion on it?Covered End said:0 -
Its the Telegraph. So we can guess easily enough.Friend Or Defoe said:
What does that say and what's your opinion on it?Covered End said:Another aspect of this fact -free discussion is that if London house prices fall below that is de facto a good thing for the under 35s, and therefore for the economy and the overall mood in society.4 -
It’s only the very high end (value) properties so probably won’t suddenly move the dial. Most under 35’s can’t afford the £4m pad, they won’t suddenly be able to afford it as it’s now only £3.5m.PragueAddick said:
Its the Telegraph. So we can guess easily enough.Friend Or Defoe said:
What does that say and what's your opinion on it?Covered End said:Another aspect of this fact -free discussion is that if London house prices fall below that is de facto a good thing for the under 35s, and therefore for the economy and the overall mood in society.0 -
That's roughly 5% of the population. If it includes property then that's probably what I would expect, if not, no chance IMO.se9addick said:
Apparently there are ~3.1M millionaires in the U.K.Covered End said:https://www.londonproperty.co.uk/en/non-dom-exodus-tax-changes-london-property-2025/
10,800 millionaires left the UK in 24-25.
Exodus of Non-Dom millionaires leaving empty properties all over London.0 -
Friend Or Defoe said:
That's roughly 5% of the population. If it includes property then that's probably what I would expect, if not, no chance IMO.se9addick said:
Apparently there are ~3.1M millionaires in the U.K.Covered End said:https://www.londonproperty.co.uk/en/non-dom-exodus-tax-changes-london-property-2025/
10,800 millionaires left the UK in 24-25.
Exodus of Non-Dom millionaires leaving empty properties all over London.
Yes it does include property.1 - Sponsored links:
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Ripple effect. Works in both directions, you know.Rob7Lee said:
It’s only the very high end (value) properties so probably won’t suddenly move the dial. Most under 35’s can’t afford the £4m pad, they won’t suddenly be able to afford it as it’s now only £3.5m.PragueAddick said:
Its the Telegraph. So we can guess easily enough.Friend Or Defoe said:
What does that say and what's your opinion on it?Covered End said:Another aspect of this fact -free discussion is that if London house prices fall below that is de facto a good thing for the under 35s, and therefore for the economy and the overall mood in society.2 -
It’ll need to ripple a fair way!!PragueAddick said:
Ripple effect. Works in both directions, you know.Rob7Lee said:
It’s only the very high end (value) properties so probably won’t suddenly move the dial. Most under 35’s can’t afford the £4m pad, they won’t suddenly be able to afford it as it’s now only £3.5m.PragueAddick said:
Its the Telegraph. So we can guess easily enough.Friend Or Defoe said:
What does that say and what's your opinion on it?Covered End said:Another aspect of this fact -free discussion is that if London house prices fall below that is de facto a good thing for the under 35s, and therefore for the economy and the overall mood in society.0 -
Proven to be media spin.redman said:
Many already have. We have seen an exodus of millionaires recently.Huskaris said:
You might be jealous of them, but they won't sit around to be taxed on their wealth, they'll go somewhere else.Friend Or Defoe said:Need to increase education not reduce risk warnings.
S&S ISAs do have a low risk compared to trading and quite a few bank accounts don't pay any interest at all on their current account! You have to opt in to receive any or change accounts when the introductory deal is over.
Taxing the super wealthy is common sense. About time.
Figures show it to be about average for the last 15 years.
https://taxjustice.net/press/millionaire-exodus-did-not-occur-study-reveals/4 -
Lol! That's a really independent, authoritive organisation.cantersaddick said:
Proven to be media spin.redman said:
Many already have. We have seen an exodus of millionaires recently.Huskaris said:
You might be jealous of them, but they won't sit around to be taxed on their wealth, they'll go somewhere else.Friend Or Defoe said:Need to increase education not reduce risk warnings.
S&S ISAs do have a low risk compared to trading and quite a few bank accounts don't pay any interest at all on their current account! You have to opt in to receive any or change accounts when the introductory deal is over.
Taxing the super wealthy is common sense. About time.
Figures show it to be about average for the last 15 years.
https://taxjustice.net/press/millionaire-exodus-did-not-occur-study-reveals/
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The study they are quoting from is. And is peer reviewed.Fortune 82nd Minute said:
Lol! That's a really independent, authoritive organisation.cantersaddick said:
Proven to be media spin.redman said:
Many already have. We have seen an exodus of millionaires recently.Huskaris said:
You might be jealous of them, but they won't sit around to be taxed on their wealth, they'll go somewhere else.Friend Or Defoe said:Need to increase education not reduce risk warnings.
S&S ISAs do have a low risk compared to trading and quite a few bank accounts don't pay any interest at all on their current account! You have to opt in to receive any or change accounts when the introductory deal is over.
Taxing the super wealthy is common sense. About time.
Figures show it to be about average for the last 15 years.
https://taxjustice.net/press/millionaire-exodus-did-not-occur-study-reveals/2 -
Back on investments
Ive been playing with trading 212 for a while, its great for beginners and day traders.
One thing I've also been measuring is the success of the pies that totally philanthropic users share for all manner of shit. One of them has not only got the same companies as we're on my c**t list, he's found every shady, questionable and outright immoral business listed on the stock exchange and made a pie for them too!
Anyway loads of these pies are great, properly researched. Loads of data and so easy to understand. I like HL but get lost in jargon very quickly, lots of sneaky fees too.
I have no doubt that the 212 bubble will burst, they must be building up a loss leading subscriber base waiting for someone else to buy the platform out. Don't know but I'm having fun with it
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I've been using it for a while as well and agree it's good.Carter said:Back on investments
Ive been playing with trading 212 for a while, its great for beginners and day traders.
One thing I've also been measuring is the success of the pies that totally philanthropic users share for all manner of shit. One of them has not only got the same companies as we're on my c**t list, he's found every shady, questionable and outright immoral business listed on the stock exchange and made a pie for them too!
Anyway loads of these pies are great, properly researched. Loads of data and so easy to understand. I like HL but get lost in jargon very quickly, lots of sneaky fees too.
I have no doubt that the 212 bubble will burst, they must be building up a loss leading subscriber base waiting for someone else to buy the platform out. Don't know but I'm having fun with it
I really like the flexible ISA element and how easy it is to switch between S&S ISA and the cash.2 -
Yeah me too, the CFD compulsory basic training was a good touch as well. I was chuckling to myself as I was doing it assuming someone had absolutely lost their shirt buying tin commodities or some other rare earth mineral and sued them. Anyway, that was around the time I was asking questions about gold before discovering I was wasting my time so took my small profit out and spent it on some gold sovereigns instead that HMRC can't skin me forRob7Lee said:
I've been using it for a while as well and agree it's good.Carter said:Back on investments
Ive been playing with trading 212 for a while, its great for beginners and day traders.
One thing I've also been measuring is the success of the pies that totally philanthropic users share for all manner of shit. One of them has not only got the same companies as we're on my c**t list, he's found every shady, questionable and outright immoral business listed on the stock exchange and made a pie for them too!
Anyway loads of these pies are great, properly researched. Loads of data and so easy to understand. I like HL but get lost in jargon very quickly, lots of sneaky fees too.
I have no doubt that the 212 bubble will burst, they must be building up a loss leading subscriber base waiting for someone else to buy the platform out. Don't know but I'm having fun with it
I really like the flexible ISA element and how easy it is to switch between S&S ISA and the cash.
There is an awful lot that goes on this thread that I simply do not understand or am in a position to be affected by, there are some very helpful comments and nuggets of advice too. I wish I'd started taking a serious interest in this stuff years ago3 -
we'll done on the gold coins, no CGT!1
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Not yet....just wait until the Budget. Rachel Reeves has to increase the tax take somewhere 😃.Rob7Lee said:we'll done on the gold coins, no CGT!0
