@MilesReardon1 @UncleSteveOG So I can’t wait for market dips now? First step to S&S ISAs being curtailed
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faultycontainer
106 posts
@UncleSteveOG You need better advice. This is not what a S&S ISA was designed for. Either transfer out or reinvest. It doesn't get taxed at 22% anyhow only the interest is taxed.
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This gets worse when you realise if you sell a stock that’s made a massive profit, once moved in to cash reserves after selling that profit gets taxed at 22%.
What’s the point in a Stocks and Shares ISA if your profits are going to get raided?
Labour out.
UncSants@SantsRNTL
Guys don’t you think it’s mad getting taxed on money you’ve already been taxed on?
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@punchyoual @UncleSteveOG It’s not sitting ‘uselessly’ if you’re waiting for a pullback.
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@UncleSteveOG Wrong. You'll be taxed 22% on the interest you make on the cash sitting uselessly in your S&S ISA
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@hewantswealth WRONG!
Only the interest you earn on that uninvested money will be taxed at 22%.
Not being funny, but if you are too stupid to understand this you probably shouldn't be allowed to invest in stocks and shares anyway.
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I have £28,000 in my stocks & shares ISA which will now be subject to 22% tax? 😭😭
This is supposed to be TAX FREE!
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Right, I'm with you.
I sit on a fair bit of cash myself to be used when something becomes cheap and to set up auto monthly DCA deposits.
I'm not challenging that, I'm challenging Mendoza's thought process of trying to time the market, which as I said, is statistically a losing strategy compared to monthly DCAing.
I want people to get wealthier.
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We’re being led by horrific, spiteful morons. Labour has announced that, from April 2027, interest on cash in Stocks and Shares ISAs will be taxed at 22%, and under-65s will only be able to put £12,000 a year in a cash Isa, down from £20,000.
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@OppoOneFour @missilemendoza @BanterV2Mfrs @PatrickChristys People are more likely to hold cash if they are investing in individual stocks/sectors and trying to time an entry.
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@faultycontainer @missilemendoza @BanterV2Mfrs @PatrickChristys Ofc. Although I don't see how that's related?
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@OppoOneFour @missilemendoza @BanterV2Mfrs @PatrickChristys You do realise people invest in individual stocks?
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@missilemendoza @faultycontainer @BanterV2Mfrs @PatrickChristys You're trying to time the market which is demonstrably a losing tactic.
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Whether you agree with migrants coming here or not can we stop acting like having food, a place to sleep is a “benefit” it’s a basic human right
Scotty T MBE@ScottGShore
To every thick bastard saying migrants don’t get benefits: Free accommodation 3x square meals a day Phones Pocket money How dense are you! But just to give you it officially: Migrants in the UK receive benefits and support that vary based on their immigration status: [1, 2] •Asylum Seekers: If claiming asylum, migrants receive free government-provided housing and a weekly cash allowance (typically around £49.18 per person) via an ASPEN debit card. They also get free healthcare and free state schooling for children, but are generally banned from working while their case is pending. [1, 2] •Granted Refugees: Those officially granted asylum gain the right to work and can apply for the same mainstream welfare benefits as UK citizens, such as Universal Credit. They can also access government support loans for housing deposits or household items. [1, 2]
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@faultycontainer Ngl when our country has been spending loads of money bombing children in other countries a tiny bit of money going to them idc about
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@ScarySupernova @ReemAmirIbrahim Ok, imagine I buy a stock and double my money and then decide to sell my holdings. Why should I be taxed on the cash holdings whilst looking for my next opportunity?
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@ReemAmirIbrahim Reem, why are you keeping cash in a stocks and shares ISA. You're young, it should all be in equities.
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The U.K. just wants to punish anyone with an ounce of ambition. Horrible.
Politics UK@PolitlcsUK
🚨 NEW: The UK has announced that interest on cash in Stocks and Shares ISAs will be taxed at 22%
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@BanterV2Mfrs @PatrickChristys Yes they do - people wait for the right time to deploy their cash.
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@PatrickChristys It’s a pointless policy as anyone in an S&S ISS rarely sits in cash for any meaningful period of time, just bad PR once again
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@CvltOfChrissy @MePeterNicholls @CharlieHillReal No it isn’t - it’s punishing people who keep cash in a stocks & shares ISA waiting for an opportunity to buy. It won’t be long before gains are taxes in a stocks and shares ISA as well.
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@MePeterNicholls @CharlieHillReal your capital returns on equity are not taxed, this is encouraging investment
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This country hates prudence and it hates success.
Politics UK@PolitlcsUK
🚨 NEW: The UK has announced that interest on cash in Stocks and Shares ISAs will be taxed at 22%
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@Edewezy @linmeitalks Those who earn over certain thresholds and are in demand jobs should stay, the rest should go home. Agree the benefits system needs a massive overhaul as well.
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@faultycontainer @linmeitalks Even if the aim is to reduce more people coming over, what about those already here? Legal migrants are working and contributing, not relying on public funds. Wouldn’t reforming the benefits system be a more direct solution than penalising people who are already in the system?
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Then they should remain on working visas. Why should they have access to citizenship or public services.
How is it anything to do with slavery?? They’ll continue to work and support themselves without ever being able to rely on welfare.
LISTENER (I no speak again)@CHIKADIBIA___
@linmeitalks You are extremely misinformed,these are normal legal migrants that come in here to work.. It is modern Slavery to change from an original 5year route to 10years route,so any Government can change the 10years to 20years. Most of them don't want even public funds
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@HowToFix_UK @MrsHenders4652 @WilliamXnote @Simmons__ Lots of people do this - why should people be penalised for an opportunity to redeploy their capital?
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@MrsHenders4652 @WilliamXnote @Simmons__ It’s 22% tax on any interest from cash in your stocks ISA! Which is usually if you leave money in there uninvested which most people don’t do
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This seems sensible to me. Why on earth would you hold cash in an S&S ISA anyway??
Politics UK@PolitlcsUK
🚨 NEW: The UK has announced that interest on cash in Stocks and Shares ISAs will be taxed at 22%
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@TomNotABot @TheRealJamieKay About 60, 000 Muslims in Poland. Do a bit of research before you talk shit.
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@Noalilv @CHIKADIBIA___ @linmeitalks This is it - plus we know that they typically have more kids than us.
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@CHIKADIBIA___ @linmeitalks The sponsorship system has been in place for decades & wasn't an issue until the Boriswave.
Welfare comes in as soon as the Boriswave get ILR.Most are on lower incomes & will qualify for most types of welfare such as child benefit and universal credit (even if they are working)
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@linmeitalks Yes It's slavery. Would you like to work for the same company for 15 years? Would you like to work for a sponsorship for 15 years? These people are not robots. These people don't ask for any benefits. They need an environment to work freely.This proposal is inhumane and unfair
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@Edewezy @linmeitalks There’s just too many legal migrants here, sadly it’s changing the fabric of society and not for the better. At least with the changes to ILR it would stop more people coming over. This is what the majority want.
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I think you’re misinformed about how this works.
People on work visas do not have access to public funds, despite paying taxes that help fund the British economy. Granting them ILR or citizenship does not stop them from contributing to the system. These are working people who came here legally, work hard, and will continue to pay into the system.
So it is unfair to tell legal migrants who have followed the rules, paid thousands in taxes, paid thousands in visa fees, visa renewals and IHS charges to access the NHS, that they must now wait 10/15 years before they can settle permanently.
If you want to talk about pressure on public funds, then direct your argument toward refugees and those arriving illegally by boat, many of whom gain access to public funds and housing support immediately without ever having contributed to the system.
The issue here is simple punishing legal, tax paying migrants already contributing to the system with longer settlement routes does not fix the real problem. It only penalises people who are already contributing.
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@Louise681145 @Darrenscot38022 @ScottGShore No point arguing with foreigners. Just another Pajeet behind the account.
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@faultycontainer @Darrenscot38022 @ScottGShore Your stance has changed, you didn’t go in there to protect women. You called it illegal earlier.., are you glad you went and displaced or not? It’s never about the ppl it’s always about oil/minerals/ego. Policy&trade can help protect ppl, bombs don’t
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Stop giving benefits to illegal immigrants - and watch the boats stop within a week.
“They come because it’s safe”
No Susan, they come through lots of safe places - they come to scavenge on our generosity
Restore Britain 🇬🇧
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