Argo Blockchain Share Discussion Threads

[hootza616] 10/1/2021 09:57

Hi Aiden, maybe I'm missing something but it looks the same as any drawdown pension?

[nico115] 10/1/2021 09:55

Haha I won't say a word : )

[nico115] 10/1/2021 09:54

Maybe because it's worth a lot more ?Could've done it for 6k but then had to stay in their funds a a I wanted to manage it myself I stupidly took out my tax free allowance but should've stuck it in btc !!

[aidenabettin] 10/1/2021 09:51

Nico i agree i just havnt told my sons that. Dont want bumped off on the eve of my 75th birthday.:)

[aidenabettin] 10/1/2021 09:49

Bloody hell!!!!!!.I helped guys move pots with over $300k and they were charged between 1%-2% of pot.That seems like an awful lot you paid imo

[nico115] 10/1/2021 09:48

Isn't 75 years crucial Does the family get the money at their marginal rate Pre and post 75 it's more penal ?

[jeanesy] 10/1/2021 09:47

I have heard that the MODE app is very good for buying/selling bitcoins

[nico115] 10/1/2021 09:47

Wow you did wellI was charged 17k to move mine !!

[gaffer73] 10/1/2021 09:47

What platform does everyone use to buy/sell bitcoins? Anyone using Deri it for option's etc?

[harrykewell] 10/1/2021 09:46

Here's a link that explains the Lifetime Allowance on pension plans.

As an IFA, please note that this does not constitute financial advice.

[...]

[hootza616] 10/1/2021 09:46

Tax man would be happy with his 3.3m also Aiden!

[aidenabettin] 10/1/2021 09:45

Mine was a good few years ago. Not sure how it is now but i knew it was getting harder to do

[hootza616] 10/1/2021 09:45

Great thanks Brocksford. The fact your spouse and family will keep 100% on death is a no brainier for me!

[aidenabettin] 10/1/2021 09:44

Imagine you had $250k in a SIPP and had put it in ARB at 4p.6.25M shares x $1.17p.$7.3M

[hootza616] 10/1/2021 09:44

Yes you got lucky. It's practically impossible to do now unless you have a life threatening illness.

[brocksford] 10/1/2021 09:41

Hootza

I managed to transfer mine out using an IFA, but it cost circa 1.5% of my pot from memory.

Will look out the name of the guy later. You have to transfer it into a fund he recommends but can then transfer to your own SIPP after a “reasonable217; period :wink:

[aidenabettin] 10/1/2021 09:41

Hootza thats not how UFPLS works and is really good if you dont want/ need the initial 25% tax free sum.hTTps://www.pruadviser.co.uk/knowledge-literature/knowledge-library/ufpls/#

[gspanner] 10/1/2021 09:41

Meanwhile great to see Zcash on a rip finally, let’s hope it breaks $100 soon.

[hootza616] 10/1/2021 09:40

Well yes, if you are lucky enough to have over 1m in your SIPP then it's a nice problem to have!

[gspanner] 10/1/2021 09:40

Takeover talk yesterday...

I can’t see a good reason for another miner to takeover Argo, rather Arb should do a reverse takeover of a ‘bigger’ N American miner in order to leverage their superior efficiencies/margins etc.

Hopefully both parties would see share price rises, Arb greater than the target.

I appreciate money talks and this view may seem a little naive.

[aidenabettin] 10/1/2021 09:37

I'd rather not say but i managed to get my pension transferred after a real struggle and the cost was under $1k. Colleagues at work (although i had left) asked if i could help them do the same(some with 30yrs service FS/AVC)..Quotes to transfer had risen to $3k plus with a different level of financial advisor required and few companies would do it out of fear of pension PPI type claims. .Im not sure who will do it now if any. I just got lucky

[hotdaddy1972] 10/1/2021 09:36

Same for me re Argo hence interest. Still it's not a bad problem to have I guess.

[nico115] 10/1/2021 09:35

Also don't forget CGT IS LIKELY TO rise to 40pct in this budget so Aim stks are likely to be weak in March and also April if this tax does rise Aim stks tend to be weak in March anyway

[nico115] 10/1/2021 09:34

It grows tax free but if you withdraw any money over you LTA you are taxed at 55pct It's penal and annoying for me as I have a lot of XBT in my Sipp

[hotdaddy1972] 10/1/2021 09:33

Ok but when you hit the life time limit it's 55% on everything I'm sure.