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https://www.youtube.com/watch?v=e6hg6aLZSzw he looks like a bitcoin scam shill, but he’s actually pretty sensible. An interesting video on the mortgage stuff, with some interesting observations such as 100,000 people are looking to remortgage each month, which is just an awful situation to be in
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Jun 27, 2023 13:42
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| # ¿ May 22, 2024 07:25 |
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hermyownee posted:^^ now I actually read the footnote on the table ("...assumes the interest isn't covered by your personal savings allowance..."), it doesn't take into account that £1000/£500 of interest is tax free if you're in 20%/40% tax bracket. So really it's a guide to where to put extra savings if you've already got enough cash in savings accounts to hit the relevant threshold (I think) yeah premium bonds seem mainly to be for either the grandparents leaving money to their grandkids or those with so many savings they’re struggling to be “tax efficient” i have some though because ive hit the magic number where i can win regularly and possibly win one of the bigger prizes (15 grand i think?)
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Aug 27, 2023 12:56
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Chas McGill posted:So I've got a wee bit of money in a Big Exchange ISA and it isn't performing very well*, plus they apparently have quite high fees. I'm looking around for another ethical investment platform (oxymoron?) to move to. These savings are longterm and not huge. I've seen Vanguard mentioned before as an alternative. i’ve just shoved my money into the vanguard stocks and shares ISA , most of it in the north american ETF (VNRT) and forgot about it the fee is a piddling 0.2% or something you can use the retirement funds, but generally all they do is the same thing, except start to move into bonds and cash as set time intervals for a huge mark up (2%), which you can do yourself tbh
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Sep 11, 2023 20:18
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Destroyenator posted:Thanks, that article makes a lot of sense. I had also found the Vanguard LifeStrategy funds it mentions in my banks platform and was looking into them. A pre-built blend of international equity and bonds seems like it could be a good solution for now. i’m sure there are lots of details i’m missing but as far as i understand it the retirement / life strategies are “rip offs” in that they are products designed to warrant a 2-3% management fee rather than the 0.1% fee that made trackers so popular and cheap over their life time to run (ie 100s in fees rather than 1000s) the location probably means there’s an office where some guy tweaks your portfolio for you rather than the vanguard head office, but really you can do this yourself with a simple asset allocation modification as you get older, for example heavy stock exposure while young then 10 years before your retire move 10% of your portfolio bonds and some into cash and proceed from there, so when you retire most of your assets are locked into “safer” things
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Mar 9, 2024 20:52
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Sad Panda posted:I don't know about those specific ones, but the regular Vanguard Life Strategy 20/40/60/80/100 doesn't have very high fees. Slightly higher than a simple global tracker but definitely not a couple of percent. I think in the UK with Vanguard it's around 0.25% yeah that’s more reasonable, still its one of those thing where if you’re already switched on enough to invest in these products it’s only a bit more effort to save hundreds of pounds than the convenience of some swiss guy doing it for you
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Mar 9, 2024 22:11
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Pantsmaster Bill posted:While I’m here, looking to open a SIPP and potentially a LISA before the end of the tax year. Do Vanguard or HL ever do introductory offers? nope and why would you when you get a huge lump sum anyway
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Mar 10, 2024 12:57
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BizarroAzrael posted:Okay, so what do I do if my company has no funds at present? I was going to set up a Monzo account for it (I've seen recommendations, but last time I was contracting I used NatWest) which I imagine I just need so HMRC can pay VAT back to me, then I just send them my business expenses and they refund VAT to the company? Then I guess pay myself a dividend with them? (or just leave it for later business uses) i’ve recently set up a new company and getting the a monzo account was extremely easy just using my phone and the company documents i remember trying to sort out a lloyds account for my old business and i think it took ages and a few trips to the bank to sort some forms, interesting how it was a completely different era only a few year ago
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Mar 21, 2024 20:10
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bloke on the telephone didn’t have his morning coffee or the fund packs a bunch of orders together to save on brokers fees
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Mar 21, 2024 20:38
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| # ¿ May 22, 2024 07:25 |
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Dakha posted:It may be too late if you’re already incorporated but I highly recommend using your accountant’s address (or paying for a specialised service) to keep your home and company address separate. to add monzo will send the card to the business address, so your accountant will get it in case you’re like me and pondering for a few days worried the card was stolen until it gets sent onto you by the secretary
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Mar 22, 2024 13:55
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