Attention: Please take a moment to consider our terms and conditions before posting.
Savings and Investments thread
Comments
-
Sorry @Carter, I've not heard of them either. Not mainstream investments so I'd have to read up on them. But as @PragueAddick says, anything that tracks a US or Global Index will be very heavily weighted to the Mag7.1
-
What's the tax angle on the dividends? Taxed at your marginally rate ? If so then probably not the best instrument to use for income, unless your annual income is less than your Personal.Allowance.Carter said:Very kind of both of you to answer
Like a lot of things, opinions etc when you start searching for more information on them you can be drawn into either a sales-pitch or an anti perspective. AI is good factually however that will generally collate information already floating out there.
I've made a small investment and grouped a few together into a couple of pies and they have dipped in value but are chucking out regular dividends. The growth bit doesn't worry me per se but I'm not a rich man so these investments are always done with one eye on having to remove the money at any given time as much as I believe in investing being for the long term1 -
Oddly I looked at some of these 6-9 months ago when a guy at work mentioned them, until then I'd never heard of them. I only did a quick google at the time which seemed to indicate they were normal ETF's (i.e. held stock) but they sell call options on them. But to me that seemed risky, as whilst you get an income (the cost of the call) if the share (or index) price goes up you are losing, ultimately you are giving up capital gain for income. And the no capital gain could end up as a capital loss. But if the market drops, you could do very well I guess.Carter said:While the thread is buzzing with haves and have nots about PB results
Do any of the grown ups have any opinion on covered-call ETFs for income?
For income they do seem to do what they say on the tin, growth, much less so but i don't think growth is the point of them
@Rob7Lee @PragueAddick @golfaddick @Diebythesword
Whilst assuming these are in an ISA or Pension no need to worry about tax, but if not, what I read did seem to indicate they are taxed differently.
The one I looked at was an S&P 500 one, which had broadly gone up (or returned) 8% average each year for the past 5 years, that hugely lags behind a standard S&P500 ETF which in the same period will be up over 100%.2 -
Diebythesword said:Gold might be worth a 10% punt if you’re feeling super risky. But I feel as though the bubble has burst.
If anyone was lucky enough to ride the gold wave upwards, I’d sell it now. Hit the 10% upwards after the crash and is plummeting again now0 -
Appreciate the input gents
The holdings for the 2 pies I've made are spread and are spitting dividends out at a rate of knots. And are safely in my ISA
BUT to make the income worthwhile I need to really back myself and put a lot more in and the loss of the capital makes my arse twitch a bit too much for that
Most of the holdings are in the red which for ETFs is unusual but I guess as these are covered-calls thats where the income yield is.1 -
I’d be interested to know which ones you have. The intriguing thing about them based on the write-ups is that if you believe as I do that we are in for a period of volatility which pushes down on equity gains, they are supposed to perform relatively well in such an environment.Carter said:Appreciate the input gents
The holdings for the 2 pies I've made are spread and are spitting dividends out at a rate of knots. And are safely in my ISA
BUT to make the income worthwhile I need to really back myself and put a lot more in and the loss of the capital makes my arse twitch a bit too much for that
Most of the holdings are in the red which for ETFs is unusual but I guess as these are covered-calls thats where the income yield is.1 -
Yeah, this is also my interest in them. One of the platitudes I hear a lot is "time in the market beats timing the market" and it seems true if you look purely at the data.PragueAddick said:
I’d be interested to know which ones you have. The intriguing thing about them based on the write-ups is that if you believe as I do that we are in for a period of volatility which pushes down on equity gains, they are supposed to perform relatively well in such an environment.Carter said:Appreciate the input gents
The holdings for the 2 pies I've made are spread and are spitting dividends out at a rate of knots. And are safely in my ISA
BUT to make the income worthwhile I need to really back myself and put a lot more in and the loss of the capital makes my arse twitch a bit too much for that
Most of the holdings are in the red which for ETFs is unusual but I guess as these are covered-calls thats where the income yield is.
I'll send you a screen shot of the two pies I'm doing for them, capital showing a chunky loss but the income is solid albeit in amounts commensurate to the investment but a decent percentage
1 -
BOE votes to keep rates steady but it’s very close at 5 to 4, and extra good news is they think inflation will hit 2% by April - a year earlier than originally thought. Means a rate cut in march is basically guranteed. Another later in the year and potentially another next year, depending on market forces.4
-
Tbh I'm not sure what you are trying to do here. Are you taking the income out as part of your retirement planning ? If so you know you could just invest for growth & take "income" from your gains. It seems at the moment you are getting a good dividend yield but reducing your capital in the process. Sounds like Lizz Truss mk2.Carter said:Appreciate the input gents
The holdings for the 2 pies I've made are spread and are spitting dividends out at a rate of knots. And are safely in my ISA
BUT to make the income worthwhile I need to really back myself and put a lot more in and the loss of the capital makes my arse twitch a bit too much for that
Most of the holdings are in the red which for ETFs is unusual but I guess as these are covered-calls thats where the income yield is.
Sorry, just an old time IFA here.1 -
Nothing to apologise for mategolfaddick said:
Tbh I'm not sure what you are trying to do here. Are you taking the income out as part of your retirement planning ? If so you know you could just invest for growth & take "income" from your gains. It seems at the moment you are getting a good dividend yield but reducing your capital in the process. Sounds like Lizz Truss mk2.Carter said:Appreciate the input gents
The holdings for the 2 pies I've made are spread and are spitting dividends out at a rate of knots. And are safely in my ISA
BUT to make the income worthwhile I need to really back myself and put a lot more in and the loss of the capital makes my arse twitch a bit too much for that
Most of the holdings are in the red which for ETFs is unusual but I guess as these are covered-calls thats where the income yield is.
Sorry, just an old time IFA here.
The intention is to use the income to keep growing the holding and compound using that
I'm doing well with the more conventional investments that are also more income focused than growth focused, helpfully those investments, by and large have shown good growth as well as being regular payers of dividends letting me compound as opposed to just relying on growth
The covered call stuff really intrigues me in the same way innovative things should I suppose but apart from people who REALLY push them and extol their virtues I haven't seen much balanced information on them hence my loose opinion "if something seems too good to be true then it is"
1 -
Sponsored links:
-
But what do you think about them for those like me who are in retirement and constantly on the search for income because (as you know) I have a modest pension income and cannot even convert my SIPP to annuity? The setup looks a bit shady to me, but maybe because I don't understand the principle of what they are doing. But if the worst that happens is that the capital stays flat but it produces a 6-7% steady income, I'd be interested, as that is better than other income investment sources.golfaddick said:
Tbh I'm not sure what you are trying to do here. Are you taking the income out as part of your retirement planning ? If so you know you could just invest for growth & take "income" from your gains. It seems at the moment you are getting a good dividend yield but reducing your capital in the process. Sounds like Lizz Truss mk2.Carter said:Appreciate the input gents
The holdings for the 2 pies I've made are spread and are spitting dividends out at a rate of knots. And are safely in my ISA
BUT to make the income worthwhile I need to really back myself and put a lot more in and the loss of the capital makes my arse twitch a bit too much for that
Most of the holdings are in the red which for ETFs is unusual but I guess as these are covered-calls thats where the income yield is.
Sorry, just an old time IFA here.1 -
But as I've said before, if you get 6%-7% growth on your assets, and then take that growth out as income then you are no worse off. Capital hasn't grown & you've taken out the "income" you require.......with less risk.PragueAddick said:
But what do you think about them for those like me who are in retirement and constantly on the search for income because (as you know) I have a modest pension income and cannot even convert my SIPP to annuity? The setup looks a bit shady to me, but maybe because I don't understand the principle of what they are doing. But if the worst that happens is that the capital stays flat but it produces a 6-7% steady income, I'd be interested, as that is better than other income investment sources.golfaddick said:
Tbh I'm not sure what you are trying to do here. Are you taking the income out as part of your retirement planning ? If so you know you could just invest for growth & take "income" from your gains. It seems at the moment you are getting a good dividend yield but reducing your capital in the process. Sounds like Lizz Truss mk2.Carter said:Appreciate the input gents
The holdings for the 2 pies I've made are spread and are spitting dividends out at a rate of knots. And are safely in my ISA
BUT to make the income worthwhile I need to really back myself and put a lot more in and the loss of the capital makes my arse twitch a bit too much for that
Most of the holdings are in the red which for ETFs is unusual but I guess as these are covered-calls thats where the income yield is.
Sorry, just an old time IFA here.
I'd also like to bet that over a 3-5 year time horizon your equity & bond portfolio will grow more over that period than a call-covered ETF will - even taking out 6-7% pa income.1 -
They aren't shady, it's an option type instrument, thats all.PragueAddick said:
But what do you think about them for those like me who are in retirement and constantly on the search for income because (as you know) I have a modest pension income and cannot even convert my SIPP to annuity? The setup looks a bit shady to me, but maybe because I don't understand the principle of what they are doing. But if the worst that happens is that the capital stays flat but it produces a 6-7% steady income, I'd be interested, as that is better than other income investment sources.golfaddick said:
Tbh I'm not sure what you are trying to do here. Are you taking the income out as part of your retirement planning ? If so you know you could just invest for growth & take "income" from your gains. It seems at the moment you are getting a good dividend yield but reducing your capital in the process. Sounds like Lizz Truss mk2.Carter said:Appreciate the input gents
The holdings for the 2 pies I've made are spread and are spitting dividends out at a rate of knots. And are safely in my ISA
BUT to make the income worthwhile I need to really back myself and put a lot more in and the loss of the capital makes my arse twitch a bit too much for that
Most of the holdings are in the red which for ETFs is unusual but I guess as these are covered-calls thats where the income yield is.
Sorry, just an old time IFA here.
I know you often will refer to the need for income, but maybe you need a bit of a review. For instance at what point/age do you stop chasing the income and spend some capital? Have you calculated that sort of thing?
I remember doing this with my father in law last year, he at that point wasn't spending any capital (he's older than you at 78) and lived off his small pensions plus the interest on his investments, if anything his capital increased slightly each year.
I made the point to him or asked the question, what was he actually waiting for before spending any of it, he didn't have an answer. He could get no interest on the money and take out what he was doing so anyway, it'll still last him way way past 100.
So don't forget the idea is to spend some of that capital as well!!!4 -
Rob7Lee said:
They aren't shady, it's an option type instrument, thats all.PragueAddick said:
But what do you think about them for those like me who are in retirement and constantly on the search for income because (as you know) I have a modest pension income and cannot even convert my SIPP to annuity? The setup looks a bit shady to me, but maybe because I don't understand the principle of what they are doing. But if the worst that happens is that the capital stays flat but it produces a 6-7% steady income, I'd be interested, as that is better than other income investment sources.golfaddick said:
Tbh I'm not sure what you are trying to do here. Are you taking the income out as part of your retirement planning ? If so you know you could just invest for growth & take "income" from your gains. It seems at the moment you are getting a good dividend yield but reducing your capital in the process. Sounds like Lizz Truss mk2.Carter said:Appreciate the input gents
The holdings for the 2 pies I've made are spread and are spitting dividends out at a rate of knots. And are safely in my ISA
BUT to make the income worthwhile I need to really back myself and put a lot more in and the loss of the capital makes my arse twitch a bit too much for that
Most of the holdings are in the red which for ETFs is unusual but I guess as these are covered-calls thats where the income yield is.
Sorry, just an old time IFA here.
I know you often will refer to the need for income, but maybe you need a bit of a review. For instance at what point/age do you stop chasing the income and spend some capital? Have you calculated that sort of thing?
I remember doing this with my father in law last year, he at that point wasn't spending any capital (he's older than you at 78) and lived off his small pensions plus the interest on his investments, if anything his capital increased slightly each year.
I made the point to him or asked the question, what was he actually waiting for before spending any of it, he didn't have an answer. He could get no interest on the money and take out what he was doing so anyway, it'll still last him way way past 100.
So don't forget the idea is to spend some of that capital as well!!!I believe there is a generational aspect to this, although I'm only 9 years younger than your FiL.There is also a psychological element. For me, I was very fortunate that for the last 20 years or so of my working life my income was substantially more than my expenditure, so I was able to save and invest resulting in my net worth increasing - more money in that out. When I retired it hit me that my net worth would decrease over time, and that took a bit of getting used to. I've reconciled it now and my budgeting (I've got spreadsheets coming out of my ears!) allows us to maintain the same level of disposable income (which is less than my net income when working but I've now no need to save) and that will last us until well into our 80s. If we are still around then the house can be downsized and the equity released would comfortably cover expenses beyond that.Overall I agree with you that provision for your retirement is there to spend and enjoy - and we will spend it all!3 -
You've given me two things to respond to there ,@Rob7Lee . I'll start with the ETF since this is of more interest to more people, especially @Carter.
Last night I had time to look a little more closely at these ETFs. I went to the Hargreaves Lansdowne platform to see what they offer. They offer a grand total of two. The one with more info is "GLOBAL X ETFS NASDAQ 100 COVERED CALL UCITS ETF DIS (QYLP)" . The yield is said to be an impressive 11.72%. However when I look at the performance graph that yield is offset by the frankly dismal performance in the last 12 months. I find it unsettling that it launched in 2023, enjoyed the Nasdaq Trump Bump, but since then has crashed back down to levels generally below its first year performance. It's not obvious to me what the excuse is for that. That's not in line with the more serene picture painted by the AI answers to my basic enquiry about what these things are. (Inevitably, because Perplexity AI was relying on reading "specialist" web pages dealing with them.) So having seen that I've gone right off them. I already reminded myself of the maxim not to invest in something I don't understand, and I certainly don't understand this, looking at the performance graph. And then this morning, in respect of the metals bubble, the FT editorial reminds us that if something looks too good to be true (like a 12% yield) it probably is. In short I now think @golfaddick is right, well chosen equity and bond funds are much more likely to produce decent income without shredding the capital. He has selected for me several such funds which are currently delivering. I'm still open to understanding more about these things, but as the H-L yellow warning says, "This is a complex instrument.Complex instruments have features which may be more likely to lead to poor outcomes for investors." Here's the chart
1 -
So re my obsession with income😆 @Rob7Lee. Firstly I've already absorbed the point you and @bobmunro have made several times about spending the stuff, and I'm doing my best🤣. However there are a few specifics related to my long-term emigrant status to consider
- My only pensions are UK plus some Czech state. Last year they brought in a shade under £16k. I'm sure you'd agree that's not adequate. However by focusing on income investments my total income for the year was £49k.- A lot of that though was from UK bank cash deposits. Their rates will edge down, and on the Continent it's difficult currently to get more than 3%. Only going one way.
- now I face a new problem with the change of IHT rules where even though I'm tax non-resident, my estate would be clobbered on all "UK-situs" holdings above my 325k limit. Gilts are exempt though, that's why I am suddenly into them. So I'm interested in funds which are not UK domiciled.
- I cannot as an emigre convert my SIPP to annuity. What's more I cannot at the moment spend any of it, because for no good reason HMRC are messing around on recognising my entitlement to withdraw it gross of any withholding tax. I may need to pay a tax advisor to deal with them on this, in case anyone can suggest somebody prepared to take it on as a one-off - I am convinced it really will be a matter of a simple phone call on the advisor line.0 -
Obviously without you listing out your savings and investments it's hard to tell, but:PragueAddick said:So re my obsession with income😆 @Rob7Lee. Firstly I've already absorbed the point you and @bobmunro have made several times about spending the stuff, and I'm doing my best🤣. However there are a few specifics related to my long-term emigrant status to consider
- My only pensions are UK plus some Czech state. Last year they brought in a shade under £16k. I'm sure you'd agree that's not adequate. However by focusing on income investments my total income for the year was £49k.- A lot of that though was from UK bank cash deposits. Their rates will edge down, and on the Continent it's difficult currently to get more than 3%. Only going one way.
- now I face a new problem with the change of IHT rules where even though I'm tax non-resident, my estate would be clobbered on all "UK-situs" holdings above my 325k limit. Gilts are exempt though, that's why I am suddenly into them. So I'm interested in funds which are not UK domiciled.
- I cannot as an emigre convert my SIPP to annuity. What's more I cannot at the moment spend any of it, because for no good reason HMRC are messing around on recognising my entitlement to withdraw it gross of any withholding tax. I may need to pay a tax advisor to deal with them on this, in case anyone can suggest somebody prepared to take it on as a one-off - I am convinced it really will be a matter of a simple phone call on the advisor line.
If you received income on investments of around £33k and a lot of that is in the UK banks, it sort of confirms my point. You must have a fair amount of capital to return that, what's your plan to spend that capital?
As an example. Let's say you had £750k that is returning you £33k - now I can't recall your exact age, but for ease let's say 65. Even if that money returned zero that would last you 23 years to age 88. But add to that the likely need to front load (i.e. you'll spend less at 85 than you will at 65) it feels to me you won't be spending much capital Mr Prague!
It is a difficult balance, like Bob I've got no end of spreadsheets to push me to the right place when I finally get there, but ultimately I intend that even if my wife lives to 100, there won't be much left in the bank at that point!!
On the SIPP tax, as Czech has a double taxation agreement, you should only need to prove your tax residency (Czech) unless it was a UK government pension.0 -
Well I understand the argument, I really do. However, here’s the bit I don’t quite get about your concern: it’s either income or growth. Whichevr of the two I choose, I might still end up with more capital than I need. But at least my current strategy reduces my chance of losing say 30% of it over a week or so because of Trump- induced market sell-offs. I am nearly 72, so if that happens I may not be around long enough to see everything recover and settle down.Rob7Lee said:
Obviously without you listing out your savings and investments it's hard to tell, but:PragueAddick said:So re my obsession with income😆 @Rob7Lee. Firstly I've already absorbed the point you and @bobmunro have made several times about spending the stuff, and I'm doing my best🤣. However there are a few specifics related to my long-term emigrant status to consider
- My only pensions are UK plus some Czech state. Last year they brought in a shade under £16k. I'm sure you'd agree that's not adequate. However by focusing on income investments my total income for the year was £49k.- A lot of that though was from UK bank cash deposits. Their rates will edge down, and on the Continent it's difficult currently to get more than 3%. Only going one way.
- now I face a new problem with the change of IHT rules where even though I'm tax non-resident, my estate would be clobbered on all "UK-situs" holdings above my 325k limit. Gilts are exempt though, that's why I am suddenly into them. So I'm interested in funds which are not UK domiciled.
- I cannot as an emigre convert my SIPP to annuity. What's more I cannot at the moment spend any of it, because for no good reason HMRC are messing around on recognising my entitlement to withdraw it gross of any withholding tax. I may need to pay a tax advisor to deal with them on this, in case anyone can suggest somebody prepared to take it on as a one-off - I am convinced it really will be a matter of a simple phone call on the advisor line.
If you received income on investments of around £33k and a lot of that is in the UK banks, it sort of confirms my point. You must have a fair amount of capital to return that, what's your plan to spend that capital?
As an example. Let's say you had £750k that is returning you £33k - now I can't recall your exact age, but for ease let's say 65. Even if that money returned zero that would last you 23 years to age 88. But add to that the likely need to front load (i.e. you'll spend less at 85 than you will at 65) it feels to me you won't be spending much capital Mr Prague!
It is a difficult balance, like Bob I've got no end of spreadsheets to push me to the right place when I finally get there, but ultimately I intend that even if my wife lives to 100, there won't be much left in the bank at that point!!
On the SIPP tax, as Czech has a double taxation agreement, you should only need to prove your tax residency (Czech) unless it was a UK government pension.Don’t worry, mate, I am spending, however my wife is unusual in that she is less inclined to spend big bucks on things than I am. I often have to tell her to stop worrying about price tags for things. I’ve been waiting for over a year for her to decide how she’d like to replace her 11 year old Yaris. However she is 15 years younger than me so I want to make sure she feels secure. She too currently has little more than a Czech State pension to call her own retirement savings. Thats also at the back of my mind.0 -
Sorry, I didn't mean you should put your money in more risky investments, I agree that would be silly.PragueAddick said:
Well I understand the argument, I really do. However, here’s the bit I don’t quite get about your concern: it’s either income or growth. Whichevr of the two I choose, I might still end up with more capital than I need. But at least my current strategy reduces my chance of losing say 30% of it over a week or so because of Trump- induced market sell-offs. I am nearly 72, so if that happens I may not be around long enough to see everything recover and settle down.Rob7Lee said:
Obviously without you listing out your savings and investments it's hard to tell, but:PragueAddick said:So re my obsession with income😆 @Rob7Lee. Firstly I've already absorbed the point you and @bobmunro have made several times about spending the stuff, and I'm doing my best🤣. However there are a few specifics related to my long-term emigrant status to consider
- My only pensions are UK plus some Czech state. Last year they brought in a shade under £16k. I'm sure you'd agree that's not adequate. However by focusing on income investments my total income for the year was £49k.- A lot of that though was from UK bank cash deposits. Their rates will edge down, and on the Continent it's difficult currently to get more than 3%. Only going one way.
- now I face a new problem with the change of IHT rules where even though I'm tax non-resident, my estate would be clobbered on all "UK-situs" holdings above my 325k limit. Gilts are exempt though, that's why I am suddenly into them. So I'm interested in funds which are not UK domiciled.
- I cannot as an emigre convert my SIPP to annuity. What's more I cannot at the moment spend any of it, because for no good reason HMRC are messing around on recognising my entitlement to withdraw it gross of any withholding tax. I may need to pay a tax advisor to deal with them on this, in case anyone can suggest somebody prepared to take it on as a one-off - I am convinced it really will be a matter of a simple phone call on the advisor line.
If you received income on investments of around £33k and a lot of that is in the UK banks, it sort of confirms my point. You must have a fair amount of capital to return that, what's your plan to spend that capital?
As an example. Let's say you had £750k that is returning you £33k - now I can't recall your exact age, but for ease let's say 65. Even if that money returned zero that would last you 23 years to age 88. But add to that the likely need to front load (i.e. you'll spend less at 85 than you will at 65) it feels to me you won't be spending much capital Mr Prague!
It is a difficult balance, like Bob I've got no end of spreadsheets to push me to the right place when I finally get there, but ultimately I intend that even if my wife lives to 100, there won't be much left in the bank at that point!!
On the SIPP tax, as Czech has a double taxation agreement, you should only need to prove your tax residency (Czech) unless it was a UK government pension.Don’t worry, mate, I am spending, however my wife is unusual in that she is less inclined to spend big bucks on things than I am. I often have to tell her to stop worrying about price tags for things. I’ve been waiting for over a year for her to decide how she’d like to replace her 11 year old Yaris. However she is 15 years younger than me so I want to make sure she feels secure. She too currently has little more than a Czech State pension to call her own retirement savings. Thats also at the back of my mind.
My concern as you put it, is you seem worried to make sure you get a good return on your capital, all very noble and the right thing to do, but how about spending some of the actual capital! If you are making £33k a year on relatively safe investments that sounds to me a fairly large amount of capital.
Say you are getting a return of 4.5% and therefore have £733k in capital. Rather than just taking the 33k interest, you take 50k, your capital would last around 24 years. Take £45k it'd last nearly 30.
Arguably you may be better taking even more now and reducing yearly as you age and undoubtedly will spend less. That's what my spreadsheet shows, at 57 (or whenever I retire) I'll be taking out double what I will at 80 (if I'm still here!)1 -
I'm not one of the posters you asked directly, but in case it's useful, I've looked at the details of a couple of income funds I have, and not only do they hold shares that pay good dividends, they also sell calls on them, so maybe covered calls are a bit more common than I thought.Carter said:While the thread is buzzing with haves and have nots about PB results
Do any of the grown ups have any opinion on covered-call ETFs for income?
For income they do seem to do what they say on the tin, growth, much less so but i don't think growth is the point of them
@Rob7Lee @PragueAddick @golfaddick @DiebytheswordI work indirectly with call options, and basically a covered call lets you sell now your right to future capital gains on your holdings.I would guess one drawback may be transaction costs, as options expire and new ones need to be sold regularly.There's also a technical issue which is that the calculated sell price of a call option may not reflect the real likelihood of how much the shares will go up, and so the fund could be selling calls (i.e. future capital gains) too cheaply.2 -
Sponsored links:
-
Thanks @Arthur_Trudgill
Thats how I understand them, I can accept the calls being under-valued as the goal is to guarantee income I suppose but absolutely something to consider1 -
Afternoon all.
If I open a Wise money account , do I transfer sterling to that account from my barclays account and from the Wise account then purchase Euros.
Or from my Wise account ask barclays for Euros?
Cheers0 -
I've got a small number of BTL properties. Am I able to deduct the cost of any financial advice expenses at year end when producing tax returns?0
-
HardyAddick said:I've got a small number of BTL properties. Am I able to deduct the cost of any financial advice expenses at year end when producing tax returns?
Yes - as long as the advice is exclusively related to the BTL accounts.1 -
Would estate type advice re the BTLs be covered?bobmunro said:HardyAddick said:I've got a small number of BTL properties. Am I able to deduct the cost of any financial advice expenses at year end when producing tax returns?
Yes - as long as the advice is exclusively related to the BTL accounts.0 -
HardyAddick said:
Would estate type advice re the BTLs be covered?bobmunro said:HardyAddick said:I've got a small number of BTL properties. Am I able to deduct the cost of any financial advice expenses at year end when producing tax returns?
Yes - as long as the advice is exclusively related to the BTL accounts.
I would doubt it as BTL (or in estate terms the value and protection of that value) wouldn't be exclusively about your BTL income and expenditure for tax return purposes.1 -
Transfer sterling into the Wise account and then purchase the Euros from Wise. That way the only charges are from Wise.clb74 said:Afternoon all.
If I open a Wise money account , do I transfer sterling to that account from my barclays account and from the Wise account then purchase Euros.
Or from my Wise account ask barclays for Euros?
Cheers1 -
Recently started investing small amounts in stocks and shares through the Trading 212 app, enjoying it and made a bit of money so far.If anyone wants to give it a go if you use the link below to sign up we both get a few free shares
https://www.trading212.com/invite/4DrvsnW5pZv0 -
Let me know if I missed anyone:
Name Level Er_Be_Ab_Pl_Wo_Wo_Ch 7,500 Lenglover 8,301 bobmunro 9,214 Pedro45 9,549 Fortune 82nd Minute 9,715 Redman 9,800 Rob7Lee 9,920 Addick Addict 9,944 Jamescafc 9,950 Addickinedi 9,999 CAFCWest 10,101 valleynick66 10,213 StrikerFirmani 10,265 TheGhostofTomHovi 10,342 fat man on a moped 10,376 Jon_CAFC_ 10,378 WHAddick 10,401 RalphMilne 10,410 LargeAddick 10,412 guinnessaddick 10,485 Covered End 10,487 PragueAddick 10,488 HardyAddick 10,500 thecat 10,520 Housty 10,542 CharltonKerry 10,560 blackpool72 10,620 golfaddick 10,660 Hornchurch 10,666 @TelMc32 10,700 Thread Killer 10,715 Solidgone 10,801 Carter 10,998 cafcpolo 11,008 Friend or Defoe 11,050 IdleHans 11,111 Huskaris 11,120 wwaddick 11,227 Diebythesword 11,250 1 -
Quiet good news for those trying out investing via their bank, big fee drop by Monzo
0
