Search found 296 matches

by Hariseldon58
March 20th, 2019, 7:19 pm
Forum: Passive Investing
Topic: Daft Idea?
Replies: 2
Views: 310

Re: Daft Idea?

Many years ago I held an income unit trust, it paid a good dividend well ahead of the FTSE and was generally on an upward only trend over many years. Reading the annual report it became clear they bought and sold shares, just to get the dividend in order to keep the annual dividend record in tact , ...
by Hariseldon58
March 20th, 2019, 8:52 am
Forum: Retirement Investing (inc FIRE)
Topic: Defined Benefit Transfer Questions
Replies: 6
Views: 531

Re: Defined Benefit Transfer Questions

Prior to your second post I would have said it was unlikely that the assumptions would have changed so sharply but the RPI vs CPI could be an explanation. I did a transfer from a good DB about 4 years ago and the multiple was 33 up from 20 a year or two previously. At that time the transfer was just...
by Hariseldon58
March 18th, 2019, 11:39 pm
Forum: Investment Strategies
Topic: Confession of neglect
Replies: 7
Views: 529

Re: Confession of neglect

@steveam From the ETF perspective there are developed world trackers from Vanguard and HSBC at .18% and .15% respectively and you can add a separate Emerging Markets ETF ( Thera an even cheaper one from Lyxor ) The cost of ITs is not always clear from the official figures, the logic and interpretati...
by Hariseldon58
March 15th, 2019, 11:47 pm
Forum: Passive Investing
Topic: Vanguard VWRL - the one stop solution?
Replies: 49
Views: 3683

Re: Vanguard VWRL - the one stop solution?

I have followed a similar practice of a “deconstructed” VWRL running alongside VWRL. The danger or benefit is that you apply a twist, (bias, prejudice strategic judgement....) mine is to underweight Japan, this may cause performance to vary from VWRL by far more than 10 basis points, you might win o...
by Hariseldon58
March 13th, 2019, 10:18 pm
Forum: Retirement Investing (inc FIRE)
Topic: Proportion of bonds to shares?
Replies: 22
Views: 942

Re: Proportion of bonds to shares?

The purpose of investing is not to simply optimize returns and make yourself rich. The purpose is to not die poor. Bernstein, William. Rational Expectations: Asset Allocation for Investing Adults I have been in the minimal cash/bonds maximum equities camp, however... age 60, retired 12 years, stand...
by Hariseldon58
March 7th, 2019, 9:52 pm
Forum: Passive Investing
Topic: Acc vs Inc and Bed & Breakfast and Capital Gains
Replies: 5
Views: 310

Re: Acc vs Inc and Bed & Breakfast and Capital Gains

My understanding( please do not take this as gospel..) is that going from accumulation to income or vice versa is not treated as a disposal, simply a reorganisation of a share/fund holding.


https://www.gov.uk/hmrc-internal-manuals/capital-gains-manual/cg57709
by Hariseldon58
March 7th, 2019, 9:43 pm
Forum: Investment Strategies
Topic: PF consolidation and improvement
Replies: 8
Views: 561

Re: PF consolidation and improvement

I'd agree with BusyBumbleBee that investment trusts are generally not more expensive than the average actively managed fund. The effect of gearing and hopefully buying on a discount tend to lead towards lower costs overall, in the fullness of time. The 'green' trusts are trading at a premium because...
by Hariseldon58
March 5th, 2019, 5:23 pm
Forum: Retirement Investing (inc FIRE)
Topic: National Insurance in retirement
Replies: 7
Views: 659

Re: National Insurance in retirement

My personal belief is that you can only plan on what is known now... Otherwise you have an endless speculative game, you can't plan on guesses, don't concentrate your bets/ asset approach. For what's it worth (nothing !) I doubt if any chancellor would you go too far with tax simplification, its the...
by Hariseldon58
March 3rd, 2019, 6:54 pm
Forum: Investment Trusts and Unit Trusts
Topic: Simplifying my ITs
Replies: 8
Views: 1014

Re: Simplifying my ITs

The short answer is stay the course, the temptation is to do something but you could just sit on your hands and look back a few years later... Practically you invest £64k in say 5 trusts you pay £320 in stamp duty and say £50 in dealing fees, .57% in all, the additional cost of having 24 share is 19...
by Hariseldon58
March 3rd, 2019, 9:05 am
Forum: Investment Strategies
Topic: Portfolio producing annual capital gains not dividends
Replies: 29
Views: 1555

Re: Portfolio producing annual capital gains not dividends

My own experience is that I harvest capital gains every year from a portfolio held with Mrs Hari. The 2 x £11,850 gains obviously produce a larger amount that is used to fund lifestyle and 2 x £20,000 isa contributions plus 2 x £2,880 SIPP contributions. The total in the joint tax free accounts is a...
by Hariseldon58
February 28th, 2019, 9:57 am
Forum: Other Investing
Topic: 1 million or a 1000 a week for life
Replies: 6
Views: 1334

Re: 1 million or a 1000 a week for life

Well if we treated the win as similar to a Canadian long bond then the value would be around 1,800,000 , given its tax free its probably worth around 50% more.... Clearly inflation will take a toll, reinvest some of the income in equities to provide some protection. Obviously the younger you are, th...
by Hariseldon58
February 27th, 2019, 12:57 pm
Forum: Passive Investing
Topic: Excess Reportable Income Vanguard for 2018-2019
Replies: 9
Views: 474

Re: Excess Reportable Income Vanguard for 2018-2019

@Alaric https://www.ft.com/content/0d5fd242-c268-11e8-95b1-d36dfef1b89a this ia article in the FT, it's behind a pay wall, if you not an FT subscriber then googling the title of the article might well take one to the right place. I came across commentary, at that time, the brokers were under some pr...
by Hariseldon58
February 27th, 2019, 12:31 pm
Forum: Passive Investing
Topic: Excess Reportable Income Vanguard for 2018-2019
Replies: 9
Views: 474

Re: Excess Reportable Income Vanguard for 2018-2019

@scrumpyjack Yes accumulated income is clearly an addition to the cost. Unlike an Accumulating OEIC, the income that accumulates is not explicit in the price, (although it clearly accumulates slowly within the fund and thus the price paid) With the artificial structure that the income is deemed to b...
by Hariseldon58
February 27th, 2019, 12:03 pm
Forum: Passive Investing
Topic: Excess Reportable Income Vanguard for 2018-2019
Replies: 9
Views: 474

Re: Excess Reportable Income Vanguard for 2018-2019

@ Alaric It is not, HMRC was fussing in the autumn of 2018 and telling brokers they should do it.... I have just been looking at State Street for the current tax year https://uk.spdrs.com/library-content/public/spdr-i-reportable-income-report.pdf? . and https://uk.spdrs.com/library-content/public/sp...
by Hariseldon58
February 27th, 2019, 9:25 am
Forum: Passive Investing
Topic: Excess Reportable Income Vanguard for 2018-2019
Replies: 9
Views: 474

Excess Reportable Income Vanguard for 2018-2019

Vanguard ETFs generally pay dividend income, although some are accumulating, most but not always all ,of the taxable income is distributed. Vanguard provide a list of the Excess Reportable Income, this shows income from the accumulating funds and if there is any excess reportable income from the dis...
by Hariseldon58
February 26th, 2019, 11:23 am
Forum: Retirement Investing (inc FIRE)
Topic: Retirement income investing advice for 64yo
Replies: 9
Views: 1370

Re: Retirement income investing advice for 64yo

There is no easy solution for someone else. In fact you are potentially on a hiding to nothing, you do as you suggest, long term it’s highly likely to work out fine , you’ll get little credit from your relative, BUT there will be a period of extreme volatility when the capital could decline markedly...
by Hariseldon58
February 26th, 2019, 12:02 am
Forum: Retirement Investing (inc FIRE)
Topic: Almost FIRE
Replies: 29
Views: 1974

Re: Almost FIRE

@sdn123 Thank you for your explanation, I have contributed and still do so to a SIPP, for both of us, given that most of it will be taxed on the way out, at the same tax rate, apart from the tax free portion, the benefit is a little muted and SIPPs have been a small part of my savings. I think the I...
by Hariseldon58
February 24th, 2019, 10:49 pm
Forum: Retirement Investing (inc FIRE)
Topic: Almost FIRE
Replies: 29
Views: 1974

Re: Almost FIRE

Having always been a basic rate tax payer, the ISA route has been more atttactive in my FIRE approach ( 12 years this year and still another six til the state pension hopefully) A result is our taxable income has always been within the personal allowance... maximising the CGT allowance for a couple ...
by Hariseldon58
February 24th, 2019, 10:32 pm
Forum: Taxes
Topic: Employing Directors
Replies: 17
Views: 801

Re: Employing Directors

I am aware of a development of 14 where fees are informally waived for the handyman/janitor and also for the individual who does the management duties. Better service by far than when they employed a managing agent and far cheaper. It’s so far below the radar that HMRC has far better things to do...
by Hariseldon58
February 24th, 2019, 2:01 pm
Forum: Property Investment Discussions
Topic: Newbie guide to landlording!
Replies: 8
Views: 632

Re: Newbie guide to landlording!

@Charlottesquare

My mistake, it does says properties in mums name, I'd check though....

As you say, it might be cheaper ( potentially a lot..) to hang onto the properties, it can be complex.

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