Search found 17 matches

by Investor
August 13th, 2019, 12:30 am
Forum: Other Investing
Topic: Enterprise Investment Scheme (EIS) - where to find vetted, superior companies to invest into?
Replies: 1
Views: 335

Enterprise Investment Scheme (EIS) - where to find vetted, superior companies to invest into?

There are countless companies that are Enterprise Investment Scheme (EIS) eligible, but obviously these are very high risk ventures. Are there any brokerages, introducers or other sources of EIS-eligible companies where they have diligently vetted companies, so that I'm more likely to invest in ones...
by Investor
August 13th, 2019, 12:14 am
Forum: Taxes
Topic: EIS scheme tax relief: does it also apply to dividend taxes?
Replies: 1
Views: 303

EIS scheme tax relief: does it also apply to dividend taxes?

The Enterprise Investment Scheme (EIS) states that tax relief of 30% can be claimed on investments, up to £1,000,000 in one tax year, giving a maximum tax reduction in any one year of £300,000, provided you have sufficient Income Tax liability to cover it. Does this income tax relief also apply to d...
by Investor
August 8th, 2019, 2:08 pm
Forum: Taxes
Topic: Entrepreneurs' Relief on selling non-development company running buy to let rental properties?
Replies: 0
Views: 365

Entrepreneurs' Relief on selling non-development company running buy to let rental properties?

As far as I'm aware, Entrepreneurs' Relief to reduce CGT doesn't apply to a run-of-the-mill limited company that buys and rents out buy to let properties (not holiday lets etc.) without significant development work. We haven't significantly developed the properties other than relatively minor works ...
by Investor
July 15th, 2019, 11:16 pm
Forum: Other Investing
Topic: Buy2Let Cars 11% returns
Replies: 8
Views: 1870

Re: Buy2Let Cars 11% returns

They lease cars through the brand Wheels4Sure. I've just gone to check the prices there and they seem to be very reasonable, such as £269 a month? So on what basis would you suggest these are clients with a particularly poor credit history? They lease cars through the brand Wheels4Sure. I've just g...
by Investor
July 15th, 2019, 11:09 pm
Forum: Gilts and Bonds
Topic: Thoughts on Bond Buying Through WiseAlpha?
Replies: 4
Views: 1155

Thoughts on Bond Buying Through WiseAlpha?

I've been chewing over buying bonds through WiseAlpha. For anybody who has invested with them, what's your delay / default ratios been on the bonds, if I may ask? I am curious as regards the credit rating agency ratings for the investments on the platform. Most of these are ‘B’ rated with S&P et...
by Investor
October 17th, 2018, 1:06 pm
Forum: How Do I Invest
Topic: Best Temporary Investment for Three Months for Excess Cash?
Replies: 10
Views: 1196

Re: Best Temporary Investment for Three Months for Excess Cash?

Thank you very much for such a fabulous array of suggestions, some of which I hadn't considered at all. We live in very odd times and it's hard to get a decent return in anything other than perhaps equities and P2P (which are not suitable for me, as I'm looking to invest short term). The suggested i...
by Investor
October 15th, 2018, 1:12 pm
Forum: How Do I Invest
Topic: Best Temporary Investment for Three Months for Excess Cash?
Replies: 10
Views: 1196

Re: Best Temporary Investment for Three Months for Excess Cash?

Thank you for both of the above - useful advice. I never knew about the £1m limit for temporary FSCS limit, so handy to know. I can set-up a sharedealing account, not a problem. Which bonds etc. would you suggest that are suitable for only three months? Would the return beat a savings account, as my...
by Investor
October 15th, 2018, 12:27 pm
Forum: How Do I Invest
Topic: Best Temporary Investment for Three Months for Excess Cash?
Replies: 10
Views: 1196

Best Temporary Investment for Three Months for Excess Cash?

I am selling a portfolio of properties and the fairly large sum of money will sit in my bank account for about three months until I am able to invest the funds again. I was wondering if anybody knew the best place to invest these funds for a temporary period so that I can at least match if not beat ...
by Investor
May 9th, 2018, 11:32 pm
Forum: Taxes
Topic: Is Tax Expert Advice / Consultancy VATable please?
Replies: 2
Views: 344

Is Tax Expert Advice / Consultancy VATable please?

I spoke to a tax expert at an established UK financial / taxation consultancy and he stated categorically that the tax advice / consultancy he provides will not be subject to VAT. I hadn't heard of that before. However, another tax expert has just told me he would add VAT on his tax consultancy char...
by Investor
March 19th, 2018, 12:45 pm
Forum: Pensions - Practical Problems
Topic: Is It Worth Me Setting Up and Managing a SIPP?
Replies: 17
Views: 1280

Re: Is It Worth Me Setting Up and Managing a SIPP?

Thank you very much. That thread is quite something! After reading a few of the posts my brain began to frazzle. Also, thank you for explaining the 20% tax band intricacies. I'm a tad confused in terms of how it works in a real world situation and who decides whether the interest is taxable or not, ...
by Investor
March 19th, 2018, 12:02 pm
Forum: Pensions - Practical Problems
Topic: Is It Worth Me Setting Up and Managing a SIPP?
Replies: 17
Views: 1280

Re: Is It Worth Me Setting Up and Managing a SIPP?

BTW, have you considered p2p lending? If your only income is dividends, even if they are a lot, they don't stop you getting the Starting Rate for Savings £5k allowance, so you can get £5k+£1k of interest without paying tax on it (the wording on HMRC website is confusing on this, but that's what hap...
by Investor
March 19th, 2018, 11:58 am
Forum: Pensions - Practical Problems
Topic: Is It Worth Me Setting Up and Managing a SIPP?
Replies: 17
Views: 1280

Re: Is It Worth Me Setting Up and Managing a SIPP?

Thanks for the VERY handy advice and suggestions. You guys are geniuses.
by Investor
March 18th, 2018, 7:09 pm
Forum: Pensions - Practical Problems
Topic: Is It Worth Me Setting Up and Managing a SIPP?
Replies: 17
Views: 1280

Is It Worth Me Setting Up and Managing a SIPP?

I have got a large sum invested in companies as shares and receive my income exclusively as dividends. As I am technically classified by HMRC as a 'non-earner' (as I don't pay income tax, but tax on my dividend earnings) I understand unfortunately the maximum I can contribute is £2,880pa into a SIPP...
by Investor
March 18th, 2018, 6:57 pm
Forum: Running a Business
Topic: How much time is involved in doing the adminstration for running a Limited Company pls?
Replies: 13
Views: 1713

Re: How much time is involved in doing the adminstration for running a Limited Company pls?

Interesting. Thanks very much for sharing the useful insight. I was interested in determining how much time it would take versus not starting a business at all (i.e. not being a sole-trader either). Does all the government admin. take 5 hours a week, 10 hours a week etc.? Everybody advertises everyt...
by Investor
March 18th, 2018, 6:40 pm
Forum: Running a Business
Topic: Best UK business bank account? Which one would you recommend...
Replies: 8
Views: 1659

Re: Best UK business bank account? Which one would you recommend...

Thank you for sharing your thoughts everyone. Very interesting.

If anybody has any other experiences on UK business banks that would be most useful.

Thanks!
by Investor
March 15th, 2018, 5:29 pm
Forum: Running a Business
Topic: How much time is involved in doing the adminstration for running a Limited Company pls?
Replies: 13
Views: 1713

How much time is involved in doing the adminstration for running a Limited Company pls?

I am thinking of setting up a new, relatively small UK business and was curious to ask how much paperwork and administration was involved every year in running a limited company i.e. registered with Companies House? The business won't be very big. It will provide consultancy services to other busine...
by Investor
October 21st, 2017, 10:02 pm
Forum: Running a Business
Topic: Best UK business bank account? Which one would you recommend...
Replies: 8
Views: 1659

Best UK business bank account? Which one would you recommend...

I need a new UK business bank account for SMEs. I've been looking at all the major high street banks as well as those that are smaller and fintech companies. I'm looking for a bank that: - has relatively low monthly and transaction charges - great customer service - a UK call centre for customer sup...

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