||ORD 11 17/43P
||EPS - Basic
||Market Cap (m)
|Gas Water & Utilities
National Grid Share Discussion Threads
Showing 4826 to 4849 of 4850 messages
|It is a Punt either way
At least it's a 5% dividend if you stay in|
|Still wondering whether to sell before the split and special dividend then buy back in afterwards considering that the share price will probably fall by at least and probably more than, the same amount. Looking at the current share price performance it doesn't seem to be a particularly attractive proposition to buyers.|
|This is an excellent Bullitin Board one of the few where you can have civilised dicussion.|
|The trouble with a hostile posting is that it tends to kill off any sort of debate.
Sometimes you just need to hold your ire, for the greater benefit.|
As Bountyhunter states, the discussion is relevant to NG as investors would like to explore what to do with many thousands of pounds as a result of the special divi that is going to be paid (approx 80p / share).
No one likes to pay additional tax do they?|
|most posts here are about NG directly from some highly knowledgeable contributors however this was an aside about moving NG shares into tax effective wrappers such as ISAs and SIPPs, there is no need to be so judgmental!|
|yes but rather over complicated to say the least and what about the over 50s, a clear case of ageism in my view especially with the retirement age getting higher all the time; even if you are 50 you should be able to get the same benefits towards a retirement that may not start until approaching 70 for many|
|Re: Lifetime ISA Info:
Q: Who can take advantage?
From April 2017, anyone aged from 18 to below 40 will be able to open a Lifetime ISA. While you are under 50 you can then contribute up to £4,000 a year and receive an added 25% government bonus.
This means for every £4 contributed, the government will add a further £1 (up to a maximum of £1,000 a year).
Q: Who has it been designed for?
The Lifetime ISA is designed for people looking to save for their first home and/or retirement.
SAVING FOR YOUR FIRST HOUSE
You can use the funds in the Lifetime ISA (including the government’s bonus) to buy your first home in the UK costing up to £450,000.
You will need to have had the Lifetime ISA open for at least 12 months in order to qualify for the government’s bonus. This means you should be
looking to purchase your first property after 6 April 2018 at the earliest.
Each individual under 40 can open a Lifetime ISA meaning two first time buyers (e.g. couples) can both benefit from their bonus when they buy together.
In most cases, the individual must intend to occupy the property as their only or main residence.|
Gov contributing far less. Each person under 40 can open an account and contribute up to 50 yrs of age via regular payments during each year up to £4000/yr with Gov giving a 25% bonus so £5000 in total value.
But then of the £5000 / yr the £1000 given by the Gov equates to only 20% of the amount in the total kitty.
However, if the young person already has a house then it has to be used for future pensions.
It has been called a CON, because its not as good as it has been portrayed. Each person can already contribute to a pension up to a larger amount per yr with pension tax relief at his/her nominal rate (20%, 40% or 45%).
There is also still some debate about exit charges with the LISA along with losing the bonus too (treat it as a form of Stealth tax) if the contributor takes it out for a purpose other than Gov requirements.|
|The LISA proceeds have to be used to either buy your first house or to be used as part of your pension. Otherwise taxed at a phenomenal rate to penalise those taking it out for anything else. There was a piece in the press awhile ago and discussed on BBC r4|
|...even more restrictive then, smacks of ageism given that the government is contributing 33%!
but at least the over 40s have the option of some NG shares in a sipp or isa as part of their pension scheme :-)|
|Under 40 for a LISA|
|...can't touch the money until retirement (not sure what age) without losing the extra cash and tax benefit and have to be less than 50 to open it? correct me if I'm wrong as that is just what I recollect|
|It's 33%.If that's what a lifetime ISA is it looks phenomenal.It looks so good from what you said, is that the full story, you put in 3k, the gov put in 1k? There must be a bit more to it.|
|My son is 31.Just helping him build a Pension pot.I have a SIPP also which I will leave to him.The problem with the SIPP is you have to pay tax on the Drawdown.With the ISA no tax to pay.By the time he is 50.He will have a minimum £400,000 plus dividends and growth.And hopefully be able to retire.By the way I am 58 an Expat living in the Far East for over 8 years and retired.Also what does anyone think of the Lifetime ISA,with £3,000 a year and the Government giving you a £1,000,so 25% on your money !!!|
|Pierre - "I don't think someone else could just send a cheque to deposit into my isa account (anyone want to try?)"
Happy to give it a go, you send me a cheque for £20K and I'll pay it into my ISA on April 6th. - If my broker rejects it I'll let you know (Bear in mind the mail from some of those Caribean Islands can take a long time !!!)|
|Pierre, I think you are right when it comes to your own ISA but wrong when talking about a Junior ISA. In the latter case, I know that someone other than the parent(s), say a grandparent, can subscribe to it. My broker, HL, record who is making the contribution, inform the parent and I guess HMRC too.|
|My broker will only accept isa deposits from the original account i opened the isa with, which they checked and checked was mine. (money laundering regs apparantly) I don't think someone else could just send a cheque to deposit into my isa account (anyone want to try?). I opened one for me and the misses when they first came out, and had tessas, peps, tossas and whatver else came before them, from the first year they were available. They used to have major benefits (like reclaiming the notional tax on divis), but now, for most people, i really don't see a great advantage opening one today, and maybe not enough advantages to cover the various fees. I've put two lots of the max possible every year since they and their predecessors opened, and now the tax advantages for me are massive. And great that they aren't mentioned at all on tax forms.|
|GARYCOOK - "but I am financing it."
Seems to me the Bank of Mum & Dad is expanding rapidly, if it ever goes public I might buy some shares in it ;-)|
|Thanks everyone.You have all confirmed what I thought.The ISA is my Son,s but I am financing it.|
|Garycook - As Gateside & Septimus have said the new money I intend to put in after April 6th. will be part of my ISA at least that is how my broker organises it. They also tell me each year how much I've put in and it is all one account with them.
I look at it like Septimus said, it's a subscription limit for my one and only ISA.|
Only pleased I could help and it's worked out well for you :)|
|The relationship with your current ISA provider is, or can be, an indefinite thing.
The £20k (17/18) is best thought of as an annual subscription limit.|
|Gary... you will be able to invest the money in your current ISA|