Search found 1379 matches

by hiriskpaul
August 17th, 2019, 12:26 pm
Forum: Polite Discussions
Topic: Corbyn calls for backing in forming caretaker government
Replies: 95
Views: 1238

Re: Corbyn calls for backing in forming caretaker government

As for my preferred option, given where May has stranded us I would prefer a Norway model in the short term allowing trade deals independent of the EU whilst staying in the Single Market. That would give the flexibility to remain in that situation or move further from the EU over time. But I am als...
by hiriskpaul
August 17th, 2019, 12:13 pm
Forum: Polite Discussions
Topic: Corbyn calls for backing in forming caretaker government
Replies: 95
Views: 1238

Re: Corbyn calls for backing in forming caretaker government

As for my preferred option, given where May has stranded us I would prefer a Norway model in the short term allowing trade deals independent of the EU whilst staying in the Single Market. That would give the flexibility to remain in that situation or move further from the EU over time. But I am als...
by hiriskpaul
August 17th, 2019, 9:23 am
Forum: Investment Strategies
Topic: ETF's v Unit Trusts(or OEIC's) v Investment Trusts
Replies: 21
Views: 1205

Re: ETF's v Unit Trusts(or OEIC's) v Investment Trusts

Can you describe and quantify the "risky practice" of securities lending, given that such loans are over-collateralised with government securities? Example: An ETF provider X lends my stock in company Y out to company Z who goes short on company Y. The stock in company Y goes up by 200% a...
by hiriskpaul
August 16th, 2019, 3:55 pm
Forum: Investment Strategies
Topic: Bond funds for reduced volatility
Replies: 5
Views: 208

Re: Bond funds for reduced volatility

Can anyone recommend some government and/or corporate bonds for further research? My aim is to reduce volatility within my portfolio whilst providing at least an inflation covering growth/yield rate from said bonds. I would also like to keep fees to a minimum and would think that ETF's are the way ...
by hiriskpaul
August 16th, 2019, 10:31 am
Forum: Banking Sector
Topic: Negative Interest Rate Mortgages
Replies: 3
Views: 252

Re: Negative Interest Rate Mortgages

The Guardian reports that Danish Bank Jyske has introduced a negative interest rate mortgage, with other banks expected to follow. Apparently there's a 10 year deal at -0.5% Could this happen in the UK? Anyone see an impact on the banks? Jyske will be making money out of this as they will be able t...
by hiriskpaul
August 15th, 2019, 8:15 pm
Forum: Investment Strategies
Topic: ETF's v Unit Trusts(or OEIC's) v Investment Trusts
Replies: 21
Views: 1205

Re: ETF's v Unit Trusts(or OEIC's) v Investment Trusts

ETFs cover a very wide range of assets and investment styles, just as OEICS and ITs do. Stick with the large, vanilla, asset backed ones from established fund managers and you will be fine. Stray into weird areas, leveraged, inverse, swap based, volatility, commodity, etc. and strange things can hap...
by hiriskpaul
August 15th, 2019, 7:07 pm
Forum: Bank Accounts Savings & ISAs
Topic: Current Account for Trust.
Replies: 19
Views: 1333

Re: Current Account for Trust.

I popped in NatWest to see if they do trustee accounts and it turns out they do and the person I spoke to was knowledgeable about the subject - the branch manager just happened to be at the desk when I went in. He confirmed that they cannot open a trustee account until we have probate and the proces...
by hiriskpaul
August 15th, 2019, 6:50 pm
Forum: Investment Strategies
Topic: ETFs outside of wrappers - "excess reportable income"
Replies: 19
Views: 565

Re: ETFs outside of wrappers - "excess reportable income"

The biggest wrinkle is that the ERI is deemed to be paid six months after the end of the accounting period. ERI applies if you hold the shares on the accounting date, if you bought the ETF the day after and sold it the day before the end of the next accounting year then you have no ERI despite hold...
by hiriskpaul
August 15th, 2019, 6:29 pm
Forum: Investment Strategies
Topic: ETFs outside of wrappers - "excess reportable income"
Replies: 19
Views: 565

Re: ETFs outside of wrappers - "excess reportable income"

I have always added excess reportable income into my costs for the CGT calculation. In other words I have assumed it is not paid out at a later date. For income paying ETFs, the amount is immaterial, but there are accumulating ETFs for which the excess reportable income certainly is not immaterial. ...
by hiriskpaul
August 15th, 2019, 1:36 pm
Forum: Taxes
Topic: Loans from discretionary trusts
Replies: 22
Views: 1179

Re: Loans from discretionary trusts

IFLROD. Got it, Interest Free Loan, Repayable On Demand ;)
by hiriskpaul
August 15th, 2019, 1:05 pm
Forum: Taxes
Topic: Loans from discretionary trusts
Replies: 22
Views: 1179

Re: Loans from discretionary trusts

I haven't studied the entire thread. From the inheritance tax planning book I have been reading it would appear that loans to beneficiaries on any terms, including interest free with no collateral, are ok. ... If anyone has alternative views, experience and links I would be very interested in explo...
by hiriskpaul
August 15th, 2019, 12:54 pm
Forum: Taxes
Topic: Loans from discretionary trusts
Replies: 22
Views: 1179

Re: Loans from discretionary trusts

As far as I can see so far, interest free loans can work the other way. I could make an interest free loan to a trust, repayable on demand, which the trust then invests or passes to beneficiaries. Be careful with that idea, as it can prove expensive in some circumstances - https://www.gov.uk/hmrc-i...
by hiriskpaul
August 15th, 2019, 11:41 am
Forum: Legal Issues (Practical)
Topic: Intestate question re property
Replies: 1
Views: 194

Re: Intestate question re property

Does not sound sensible to me for the reasons you state. Another option would be for the house to pass to you and your brother, in which case the full nil rate band and residence nil rate band can be utilised (and possibly your mother's bands). Then, as a private arrangement, you let your father's p...
by hiriskpaul
August 14th, 2019, 11:59 am
Forum: Polite Discussions
Topic: What price a trade deal with the US
Replies: 39
Views: 844

Re: What price a trade deal with the US

Realistically a FTA with the US is at least a decade away even if the UK capitulates on most US demands. Trump and BJ will be long gone. If the GFA collapses as a result of Brexit, Congress will not approve any trade agreement. I am sure Trump would love to do a deal. The great deal maker has not ha...
by hiriskpaul
August 14th, 2019, 10:30 am
Forum: Taxes
Topic: Loans from discretionary trusts
Replies: 22
Views: 1179

Re: Loans from discretionary trusts

This was more of an exploration of the possible rather than me having definitive requirements. I really need to work out what those requirements are, but I can see discretionary trusts being useful as they have their own nil rate bands. Interest free loans from discretionary trusts seem like a good...
by hiriskpaul
August 14th, 2019, 8:11 am
Forum: Bank Accounts Savings & ISAs
Topic: Current Account for Trust.
Replies: 19
Views: 1333

Re: Current Account for Trust.

I do still have the difficulty though that the Probate Registry has the original Will and will not give it back! I would hope there is some way round this, such as obtaining certified copies from the Probate Registry? I may still be wrong but I don't think you'll be able to move forward at this sta...
by hiriskpaul
August 13th, 2019, 8:53 pm
Forum: Taxes
Topic: Loans from discretionary trusts
Replies: 22
Views: 1179

Re: Loans from discretionary trusts

It seems with the greatest respect you are trying to achieve the impossible here in that the settlors want the widest possible inheritance tax benefits of giving money away by putting it into a Trust but don't want to actually give it away (in case it's needed for healthcare and there is presumably...
by hiriskpaul
August 13th, 2019, 7:19 pm
Forum: Bank Accounts Savings & ISAs
Topic: Current Account for Trust.
Replies: 19
Views: 1333

Re: Current Account for Trust.

Thanks chas49/scrumpyjack, I will continue then with my working assumption that the Will incorporates the Trust Deed and I don't need another one. I do still have the difficulty though that the Probate Registry has the original Will and will not give it back! I would hope there is some way round thi...
by hiriskpaul
August 13th, 2019, 6:49 pm
Forum: Bank Accounts Savings & ISAs
Topic: Current Account for Trust.
Replies: 19
Views: 1333

Re: Current Account for Trust.

One possible difficulty is that I no longer have the Will as that has gone off to the probate office. Perhaps we should have set up the Trust account before applying for probate? I have scanned in the will, so can of course print off copies, but I suspect the bank might want to see the original. An...
by hiriskpaul
August 13th, 2019, 1:30 pm
Forum: Bank Accounts Savings & ISAs
Topic: Current Account for Trust.
Replies: 19
Views: 1333

Re: Current Account for Trust.

Thanks. I am going with Barclays, and have set up a meeting with them to open the account. How did that go? I had to go into the bank and set up an appointment. (They don't answer their help-line phones). It took about 1.5 hours to complete the ID checks and make a copy of the deeds. It all goes to...

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