Lloyds Banking Share Discussion Threads

[minerve 2] 17/2/2020 14:45

Pierre

The 25% return (minimum) is a real return within the pension fund. Compounded over a couple of decades against the same investments in an ISA would mean it would dwarf the ISAs. How you manage the SIPP exit is all down to you. You can still take 25% tax free and most investors would find that their marginal tax rate will be lower in retirement in the future anyway - 40% tax rate would only be for the fortunate. You cannot depend on ISAs if you are just starting out because it is a tax giveaway that seems unsustainable to the informed.

A person can put £8K into an SIPP tomorrow and give their child £2K on the same day and still have the same amount invested as your ISA. They don't have to wait to see how much is left in the kitty when you die, they can spend it immediately. ;)

[crossing_the_rubicon] 17/2/2020 14:37

"The very treaties that created the EU state that if any country leaves they will be dealt with as friends and allies, not seeing much of that from the EU"

Ample evidence they havent negotiated in good faith.

So we should just walk away, and give them a Churchillian salute.

Then levy the tariffs.

[pierre oreilly] 17/2/2020 14:33

Well my view on the instant 25% return (and the return would have been greater in my case, assuming you're talking about the marginal tax rate relief), is it is funny money, a number on a statement.

Try converting that money on a statement into actual cash, and you'll find it rapidly goes from +25% to -50% in typical circumstances, even if possible at all for the next 40 years.

Yes, the notional 25% 'gain' in funny money is absolutely negligible compared to the 40% gain on the real money income from it straight away and until the law is changed from an unlimited amount of growth in captial over the next 30 years up to now.

And in the end. my isa pot goes to my kids, whereas your pension pot goes to fund million pound bonuss to those managing it.

[minerve 2] 17/2/2020 14:17

So you invest money and get an instant 25% return on your investment and you are classed as a "muppet"? It seems to me that those who ignore this at will are the ones likely to fall into the "muppet" category.

[mr.elbee] 17/2/2020 13:58

well said, but when the evidence against SIPP's is so clear...why do the muppets keep on?

I will tell you..the capacity for independent thought here has totally gone.
That nice and very clever lady on RT last night,who is always welcome to take tea with me, asked some dopey Yank child what she THOUGHT about Jung's views.

PASS.Jung who? What is THINKING?

[pierre oreilly] 17/2/2020 13:55

Lol, looking at the recs for mins post, it looks like even today most people have no idea how much pensions are a ripoff compared to isas, even when the evidence is overwhelming. oh well. I suppose most are well locked into pensions and don't want to accept how ripped off they are being.

Whoever asked if i take an income from my isa - yes, occasionally i'll withdraw a lump, but mainly living expenses come from other tax free investments like gov bonds, withdrawing some only on maturity. I don't take out so much per month, just several k which goes into Marcus, and when that gets a bit low top up again. i have plenty of cash always immediately available elsewhere (including max premium bonds) for unforeseen expenses. Main expense these days seems to be cruising 4 or 5 times pa. I also have some share outside an isa which are taxable. Don't have any regular income, and haven't done since i retired. My youngest can't remember me working. The tech boom did help boost the isa a lot, not saying it would be as easy today.

[k38] 17/2/2020 13:46

Macron's days in office are numbered!

[cautios7] 17/2/2020 13:36

Put a sock innit stoned and stop posting asterisks like a 4 year old. You really need to start posting like a grown up!!!

[mr.elbee] 17/2/2020 13:34

Down on the South Coast we have unused Martello towers for repelling Napoleon.

Still in working order..

Who would you back in a dispute...froggies or ENGLISH fisherman?

It aint difficult.

For 3 1/2 years I have been saying that the EU would create a trade war...or worse..if they didnt get their way..

No one from the chattering classes took this blindingly obvious idea up[despite me harassing them regularly].. In fact it was blocked.. had it NOT been blocked ...before the referendum..the vote would have been more like 78/ 22....

Nigel agreed with me that that is the future now and we better hunker down for a war with the bahlambs.

[xxxxxy] 17/2/2020 13:22

Mike Thomas17 Feb 2020 7:14AMNever has rudimentary maths been so difficult to understand. The UK is the EU's largest external market.Yet, at this rate, they will have to explain to their businesses that they must pay tariffs to access the UK market.There is nothing the EU makes that cannot be found elsewhere. The end of preference and the tariff wall will make a vast number on non-EU goods cheaper.

[xxxxxy] 17/2/2020 13:21

Chris Gilmour17 Feb 2020 7:26AMWho will believe the EU?They're on camera laughing about making the UK an EU colony, they want a sovereign nation to obey the laws of a foreign power, to be subject to the rulings of that power's court.In exchange for a trade deal they are demanding a % of the UK's natural resources.The very treaties that created the EU state that if any country leaves they will be dealt with as friends and allies, not seeing much of that from the EU.Sure, we should pay our debts, but we shouldn't pay an arbitrary bill that has been calculated by using fictitious numbers.Who would trust the EU?

[xxxxxy] 17/2/2020 13:16

The EUSSR talks like an enemy. And so it is an enemy.More fishery protection vessels needed.

[xxxxxy] 17/2/2020 13:14

ROBERT POLATAJKO17 Feb 2020 6:36AMI see M. Barnier, Macron and French fishing bosses are remaining true to form and issuing yet more threats.The EU have conned us out of another £1 billion.French fishermen are threatening to torch U.K. fishing boats.Now they'll rip us apart.Mr Johnson, it is time to tell them all to forget any further "negotiations".It should be as clear as day that the EU and the French do not negotiate - they threaten, bully and blackmail, but are simply not interested in negotiations.It is time to cut short this farce and exit this phoney war transition without a deal.A clean, complete Brexit.Boris, Make sure you get a few dozen more fisheries protection boats and use the overseas aid budget to pay for them.

[1carus] 17/2/2020 13:00

Min... good post on pensions. Also depending on our errors in the past, you may find yourself with many different pension sources, but a mixture of income types into old age is probably a good idea.

[1carus] 17/2/2020 13:00

Min... good post on pensions. Also depending on our errors in the past, you may find yourself with many different pension sources, but a mixture of income types into old age is probably a good idea.

[xxxxxy] 17/2/2020 12:59

British fish for the British People.Keep out the EUSSR.Boycott goods and products of the EUSSR

[gotnorolex] 17/2/2020 12:45

Min what's your last wish?

[minerve 2] 17/2/2020 12:38

Some of the branches on the trees on my land have come down in the storm.

This wasn't the Brexit I voted for.

[poikka] 17/2/2020 12:37

Pal44 - "met office gets £1.2B for literally 'Hot Air' waste of money .."

Not necessarily so, they sell their services and also face competition for those services.

[poikka] 17/2/2020 12:36

"Damian Green warned the Government faces a backlash.

He said: “Destroying the BBC wasn’t in our manifesto and would be cultural vandalism. ‘Vote Tory and close Radio 2’. Really?”"

Radio 2, culture?! Do me a favour.