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faultycontainer
111 posts
@faultycontainer @MilesReardon1 @UncleSteveOG why shouldn't you? do you think you are owed interest on uninvested cash as some kind of birthright or something 🤣🤣🤣
lazy cunt
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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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@PaulPeters89lq @fohxlhy I've sent her £600+ does that make you mad?
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@faultycontainer @MilesReardon1 @UncleSteveOG buy a money market fund.... you get a better return than the rate on uninvested cash.
it's highly liquid so you can sell almost instantly when you want to buy the next opportunity
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@LouisWellesley @MilesReardon1 @UncleSteveOG This isn’t a serious comment from anyone who has any idea how the markets work.
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@punchyoual @UncleSteveOG It shouldn’t really matter to be honest, it’s a short sighted policy by the government which and the beginning of the end for tax free wrappers unfortunately
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@faultycontainer @UncleSteveOG How long might you wait for a pullback? It's not like you're losing money.
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@MilesReardon1 @UncleSteveOG So I can’t wait for market dips now? First step to S&S ISAs being curtailed
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@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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@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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