Alfred Devonshire

@dontdelay Why is it illustrated with a picture of a man making a PET as part of his inheritance tax planning? As you say they do seem to have got it backwards.

I understand the desire to abolish inheritance tax And as someone who manages a lot of investments for a lot pensioners if they’re no longer worried about inheritance tax, we’re likely to manage more money for more time But be careful what you wish for If the flow of money from parents and grandparents to their children and grandchildren stops, a lot of property purchases wouldn’t go ahead. A lot of spending would no longer happen.

@jacksri @John_Stepek @MerrynSW You can still salary sacrifice / pay in to SIPP to reduce income tax as before - e.g. the 60% marginal rate at 100k - it's just NI reductions that are capped.

@John_Stepek @MerrynSW There were some recent ESG related degradations that I couldn’t opt out of so getting used to changes I don’t care for! Current plan is to take advantage of salary sacrifice while it lasts and then move more to ISAs for bridge to early retirement 🤞

In this week's Merryn Talks Your Money, @MerrynSW and I ponder a cheeringly well-organised young person's letter: when it comes to investing beyond auto-enrolment, should they prioritise their SIPP, ISA or LISA? podcasts.apple.com/gb/podcast/uk-…

@rhomboid1MF Is that @ExpectingValue ?

#SYS1 v pleasing to see this…waiving remuneration is a typically classy move

@entrustTMF @kwasi_stackbtc He was genuinely impressive on University Challenge - maybe this is a similar skill set?

Mentioned recently I'm a bit "cashy" and looking for quality investments, I've found something that fits the bill... x.com/kwasi_stackbtc… With @kwasi_stackbtc at the helm and investing in Bitcoin I feel I've finally hit the jackpot and have dumped the lot in Stack Bitcoin💪

@thomasforth I bought some indoor monkey bars for my kids - made in Ukraine. Got stuck somewhere in Poland on the first shipping attempt but arrived eventually: woodandhearts.com/en-gb/products…

New week, new socks. How are YOU supporting the economy of Ukraine?

@unfixed_income @andrewdc208 @CasinoCapital The flexibility is for foreign income. For CGT you have to use the FX on the buy/sell date.

@andrewdc208 @CasinoCapital Although you can choose between actual FX or a HMRC prescribed average FX for that pair and year (HMRC currency exchange average rates).

Final day for taxes. As per every year, I'm just shocked brokers don't give you any help at all calculating Capital Gains Taxes, and I've just got to download all my trades into Excel and manually match them off. Torture. Am I the only person in the UK paying CGT on shares?

@mdws876 @AtlasPulse @ii_couk @saxobank @IBKR_Europe Has appeared today - only in GIA not SIPP/ISA though. ajbell.co.uk/market-researc…

@AtlasPulse @ii_couk @saxobank @IBKR_Europe AJ Bell?

BOLD is now trading on Interactive Investor @ii_couk in the U.K. Other platforms: Saxo @saxobank Interactive Brokers @IBKR_Europe

@DanNeidle @Frencheconomics @John_Stepek You need to adjust for the time to maturity of the gilt as the interest keeps on being paid every year - so for a 10y gilt issuance the 1.33% saving needed should be spread over 10 years - i.e. 0.133% reduction in yield.

@Frencheconomics @John_Stepek 2. The Government sells about £300bn of new gilts/year To save £4bn in interest on that, the yield would need to drop by £4bn/£300bn = 1.33% A 1.33% drop in gilt yields is massive. Seems implausible that 4% -> 8% increase in consumer demand could trigger it

Interesting note on how UK retail investors searching for tax-efficient opportunities are becoming a more significant force in the gilts market bloomberg.com/news/articles/…

@CasinoCapital @Jlaws4 @Uzocapital Interesting - looks like Options were being used by scammers who funnelled unsophisticated clients to them and directed those clients in how to invest. Options then on the hook for lack of due diligence when the dodgy intermediary company vanishes.

@Jlaws4 @Uzocapital Clicking through these, it all seems to be people buying stupid things of their own accord then trying to blame Options for letting them do it. Don't think I'll let that put me off, but tks.

The UK SIPP market is about a trillion dollars in size, yet as far as I can tell no provider will let you trade options in them. There's so much there for the taking...I have a suspicion Robinhood will eventually be first, given they're launching an ISA product this month.

@John_Stepek @Frencheconomics Per Wikipedia - "The term has multiple, competing definitions, and is most often used pejoratively. In scholarly use, the term is often left undefined or used to describe a multitude of phenomena."

@Frencheconomics I'd also demand that anyone explain and define "neoliberalism" every time they use the term because frankly, I'm still confused as to what it actually means

These interviews are frustrating - statements like “neoliberalism has continued since late 1970s” are left unchallenged as if they are fact. Public spending is now at its highest level since 1976, taxes the highest since 1946. If there is something that definitely hasn’t dragged on it is a neoliberal, small state UK economy.

@paulg Go to the Polish section of a large Tesco and buy the proper stuff (e.g. Mlekovita) for less than half the price of the weird bio/health drink kefir marketed at Brits.

Supermarket kefir is basically a milkshake. This is the real thing. It takes a while to get used to the taste, but Jessica thinks it's the reason she hasn't gotten sick in a year. chucklinggoat.co.uk/product/live-g…

@systematicls Fair enough - I had a team of 12.

@AlfDevonshire In pods where 4-5 ppl need to handle the investment process this happens more!

@BlurredStones @RidyardMike I think it's more likely we go back to the setup we had when personal allowance was lower where pensioners get a higher personal allowance than everyone else.

@RidyardMike Having them tied and to the same re-rating formula would be a good place to get to. Giving pensioners and tax payers a joint stake.

Although next year’s State Pension remains below the frozen personal allowance, it’s becoming increasingly clear that, if the Government has any sense, it will need to lift the personal allowance above the State Pension in 2027/28 tax year.

@dav1d870 @Hawkeye_74 Other way round - the FCA warned providers that they *must* pay a reasonable interest rate on cash held in ISAs.

#AJB posts a solid FY & takes a swipe at the Gvt over increased ISA complexity. At 20.5x FY 25 EPS, not cheap but the growth story to date is impressive & trajectory remains strong. New(ish) CEO impressive too. Also, the client experience is definitely superior to HL & ii.

@dontdelay The congestion charge (for congestion) and the LEZ/ULEZ charges (for emissions) are different things.

@Riccardino999 Why is HICL in this list?

#bsif #fsfl #nesf #trig #ukw #hicl #aeri If you think you are the next Warren Buffet because you bought these at a 10% yield think again.... The market is not handing you a massive opportunity that no-one has spotted..... The reason why these yield 500bp over risk free is that

@david_h0s @John_Stepek Looks like no tax reporting given it's stated as a 'charge' - you just can't hold some stuff you could hold before and you get a lower interest rate on any cash.

Cash ISA cap rules looking messier than I'd have hoped. Include "tests to determine whether an investment is eligible to be held in a stocks and shares ISA or is ‘cash like’" plus "a charge on any interest paid on cash held in a stocks and shares or Innovative Finance ISA".

@John_Stepek @david_h0s The over 65s will be exempt from the ISA cash cap rules (of course). #cash-isa-limit" target="_blank" rel="nofollow noopener">gov.uk/government/pub…

@david_h0s I guess they haven't thought that far because they've all got DB pensions