Search found 66 matches

by air04
March 13th, 2019, 2:46 pm
Forum: Pensions - Practical Problems
Topic: SIPP External Cash deposit
Replies: 3
Views: 385

Re: SIPP External Cash deposit

any suggestions about SIPP with cash deposit options will be welcome. Don't you have to worry about FSCS compensation limits on deposits with a single borrower? Yes, one should. So, I plan to put 85K ish max into each provider. I confirmed with Minerva Sipp that is the case. Also, the charges are n...
by air04
March 13th, 2019, 1:25 pm
Forum: Gilts and Bonds
Topic: low risk investment instead of cash waiting for investment
Replies: 33
Views: 3352

Re: low risk investment instead of cash waiting for investment

Hello All, https://www.lemonfool.co.uk/viewtopic.php?f=17&t=16734 Above is a link in continuation of the same discussion. I posted it in case anyone may be interested. I am planning to move money to have fixeddeposits within SIPP using provider like MinervaSIPP; still in the process of making de...
by air04
March 13th, 2019, 1:23 pm
Forum: Pensions - Practical Problems
Topic: SIPP External Cash deposit
Replies: 3
Views: 385

SIPP External Cash deposit

Hello, I was wondering if anyone has looked into cash deposits in SIPP. I have >200K in cash which was getting low interest at HL. After the post of https://www.lemonfool.co.uk/viewtopic.php?f=52&t=15219 , I invested it all in ERNS. That gives about 0.6%/year. I now plan to keep about 200K of my...
by air04
February 28th, 2019, 2:45 pm
Forum: Taxes
Topic: Bed and Breakfast and Call Options
Replies: 5
Views: 437

Re: Bed and Breakfast and Call Options

So I've sold some shares in order to take advantage of my CGT allowance for the year. With good fortune, there's been a drop in the stock and I would like to buy it back, but have to wait the full 30 days if I want to use my allowance. Question is, how does call options affect this? If I buy option...
by air04
February 20th, 2019, 3:17 pm
Forum: Taxes
Topic: Foreign bank interest accrued income: how to calculate
Replies: 8
Views: 428

Re: Foreign bank interest accrued income: how to calculate

Thanks PD genou. I really appreciate your help with this.
by air04
February 19th, 2019, 10:25 pm
Forum: Taxes
Topic: Foreign bank interest accrued income: how to calculate
Replies: 8
Views: 428

Re: Foreign bank interest accrued income: how to calculate

PinkDalek wrote:Didn’t the CGT treatment of foreign currency bank accounts change wef 2012, as per:

https://www.gov.uk/hmrc-internal-manual ... al/cg78321

Unless term deposits are treated differently.


PD, do you think it means that £4210.53 for IT and no way to claim the capital loss?

Thanks,
ap
by air04
February 19th, 2019, 10:23 pm
Forum: Taxes
Topic: Foreign bank interest accrued income: how to calculate
Replies: 8
Views: 428

Re: Foreign bank interest accrued income: how to calculate

Thanks PD and genou So I think your Interest = 400000/95=£4210.53 is correct for IT. But you have also suffered a CGT loss of £1,975 Yes, I though it so. But it is personal money foreign deposit, there is no CGT gain/loss on it the last time I read the manuals. https://www.gov.uk/hmrc-internal-manua...
by air04
February 19th, 2019, 9:41 pm
Forum: Taxes
Topic: Foreign bank interest accrued income: how to calculate
Replies: 8
Views: 428

Foreign bank interest accrued income: how to calculate

Hello, I have fixed deposits in Indian Rupees(INR). Many of them are cumulative and pay the principal+interest on maturity. I talked to HMRC a few years ago, and told me that I can pay tax when I receive the interest on Maturity in that tax year. I am not sure how to calculate the income. For exampl...
by air04
December 20th, 2018, 1:24 pm
Forum: Gilts and Bonds
Topic: low risk investment instead of cash waiting for investment
Replies: 33
Views: 3352

Re: low risk investment instead of cash waiting for investment

I meant to add this. Todays yield based on last two distributions is 2.26% Dollar LIBOR is about 2.8% today , before March it was less than 2%. FLOS is a mixture of investment grade corporates which i assume will pay a small spread above Libor on their borrowing and US Treasuries which I again assu...
by air04
December 18th, 2018, 10:32 pm
Forum: Gilts and Bonds
Topic: low risk investment instead of cash waiting for investment
Replies: 33
Views: 3352

Re: low risk investment instead of cash waiting for investment

my understanding is that when dividend is paid, the price reduces by the dividend amount. And until then, dividend slowly accrues.
by air04
December 18th, 2018, 3:57 pm
Forum: Gilts and Bonds
Topic: low risk investment instead of cash waiting for investment
Replies: 33
Views: 3352

Re: low risk investment instead of cash waiting for investment

Thanks a lot to all. I really appreciate your views.

FLOS, I looked at the returns, they were very low, probably hedging has a cost.

I have more than enough of BBYB, bought before the current dividend.

I went for ERNS, and bought it in all ISA/SIPP account.

Cheers,
by air04
December 15th, 2018, 2:06 pm
Forum: Gilts and Bonds
Topic: low risk investment instead of cash waiting for investment
Replies: 33
Views: 3352

Re: low risk investment instead of cash waiting for investment

Thanks All.

I am ok with USD hedged. The reason I was not for USD ones is that I did not want the currency fluctuations with the brexit in place. It went from 1.5 to 1.2+, and I do not want a large loss IF it goes the other way.
by air04
December 12th, 2018, 5:48 pm
Forum: Gilts and Bonds
Topic: low risk investment instead of cash waiting for investment
Replies: 33
Views: 3352

low risk investment instead of cash waiting for investment

Hi, I have been trying to find out if there is any money market investment that could pay around 1-2%(bank interest rate) with low risk and full liquidity. Basically, I have a lot of cash waiting(for a long time) for a home in my SIPP and ISA(both with HL). I am not confident of any investment at th...
by air04
September 21st, 2018, 10:23 am
Forum: Gilts and Bonds
Topic: Co-op Group
Replies: 20
Views: 2695

Re: Co-op Group

Melanie wrote:Hi Paul,

Do you know if it's possible to purchase in lower denominations, e.g. 100s or 1000s?

thanks
M&M

100 shares 42TE can be bought for with HL, I got a online quote but did not accept it.
by air04
September 13th, 2018, 11:51 am
Forum: Taxes
Topic: Indian accumulation debt mutual fund taxation
Replies: 3
Views: 604

Re: Indian accumulation debt mutual fund taxation

Thanks GPhelan.

None from the Indian market(ISIN IN*) with reporting status. I wanted to invest in low risk liquid funds so that I can defer income tax for now on investments.
by air04
September 5th, 2018, 1:42 pm
Forum: Taxes
Topic: Indian accumulation debt mutual fund taxation
Replies: 3
Views: 604

Re: Indian accumulation debt mutual fund taxation

Thanks to Google, found the answer... It is treated as income. It is extremely likely that is does not have reporting status. http://www.thisismoney.co.uk/money/diyinvesting/article-4248270/Difference-onshore-offshore-funds-explained.html http://monevator.com/bonds-and-bond-funds-taxed/ So, the bene...
by air04
September 5th, 2018, 1:29 am
Forum: Taxes
Topic: Indian accumulation debt mutual fund taxation
Replies: 3
Views: 604

Indian accumulation debt mutual fund taxation

I have not seen this before on this forum, if so please point me in the right direction. I was planning to invest in Debt Mutual Funds(denominated in Rupees) in India. Basically it is like a open ended unit trust where the manager has (short dated in my case) Indian bonds denominated in Rupees. It i...
by air04
March 21st, 2018, 10:02 am
Forum: Taxes
Topic: Flexible ISA's
Replies: 2
Views: 379

Re: Flexible ISA's

https://www.moneysavingexpert.com/savings/flexible-ISAs
It has it covered in detail

I think YES is the answer to "Am I then free to use the entire 2107/18 allowance on a new Shares ISA?"
by air04
June 28th, 2017, 11:57 am
Forum: Banking Sector
Topic: Co-op Bank deal in the offing?
Replies: 35
Views: 4738

Re: Co-op Bank deal in the offing?

Co-Operative Bank Agreement on the Terms of a Capital Raising Plan http://www.investegate.co.uk/co-operative-bank/42rq/agreement-on-the-terms-of-a-capital-raising-plan/201706281139064156J/?fe=1&utm_source=FE%20Investegate%20Alerts&utm_medium=Email&utm_content=Announcement%20Alert%20Mail&...

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