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moving from practical to strategy. Warning was given on keeping to hyp shares. Raptor
moving from practical to strategy. Warning was given on keeping to hyp shares. Raptor
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Alaric wrote:WessexBoy wrote:Given that I have used this tax year's ISA and, with next tax year in mind, that I have more than £20k, I will turn attention to HYP that pay divi's this year.
Dividends incurring no additional tax to basic rate payers are now restricted to £ 5,000 per year, possibly reducing to £ 2,000. With that in mind, investing potentially taxable assets in higher yielding shares makes less sense from a tax viewpoint than it used to, if you have sufficient to invest that you are likely to approach these limits.
kempiejon wrote:Itsallaguess wrote:
Can I please ask how you find the premium-bonds side of things working out?
I ask for two reasons -
1. To check on your thoughts regarding the actual return on them. Is it 'as expected'?
2. To check if you carry out many 'transfers' between cash/PB's/cash/PB's etc.
The actual return is indeed as expected, it's lumpy but most months a £25 prize, some months nothing some months a handful. I expect sub 1% and get it.
I have filled cash into interest paying current accounts, regular savers and the balance into PBs. I have only moved out of premium bonds a few times.
It is easy to do on-line. When I pay back in I sit out the draw until the following month so there’s an initial drag on return. It is better than nothing and your money isn't tied up.
3. It enters me into the 'you've got to be in it to win it' game of chance. If I only get the average of 1% returns, then so be it, but it'll be 1% more than I'm currently getting, and in the meantime I've got a 'chance' of greater prizes. I also know how stupidly excited I will get if I win absolutely anything at all, and it's a long winter sometimes, so even an average return will give me some ongoing pleasure, as daft as that sounds....
Itsallaguess wrote:... Thanks kempiejon, that's reassuring to know. I think on the back of these comments I'll dip my toe into the Premium-Bond market with a chunk of my 'market-crash' funds, specifically to carry out two things that aren't currently happening - ... I'll of course let people know how I get on with this process, especially transfer-times etc., as it sounds like an area others might be interested in looking into too.
Cheers,
Itsallaguess
kempiejon wrote:
The actual [Premium Bond] return is indeed as expected, it's lumpy but most months a £25 prize, some months nothing some months a handful.
I expect sub 1% and get it. I have filled cash into interest paying current accounts, regular savers and the balance into PBs. I have only moved out of premium bonds a few times. It is easy to do online. When I pay back in I sit out the draw until the following month so there’s an initial drag on return. It is better than nothing and your money isn't tied up.
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