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LGEN Legal & General Group Plc

-12.60 (-5.07%)
Last Updated: 11:22:36
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Legal & General Group Plc LSE:LGEN London Ordinary Share GB0005603997 ORD 2 1/2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -12.60 -5.07% 236.00 236.00 236.10 238.00 232.20 235.00 11,312,265 11:22:36
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Ins Agents,brokers & Service 36.48B 457M 0.0764 31.05 14.18B
Legal & General Group Plc is listed in the Ins Agents,brokers & Service sector of the London Stock Exchange with ticker LGEN. The last closing price for Legal & General was 248.60p. Over the last year, Legal & General shares have traded in a share price range of 203.20p to 258.70p.

Legal & General currently has 5,979,665,207 shares in issue. The market capitalisation of Legal & General is £14.18 billion. Legal & General has a price to earnings ratio (PE ratio) of 31.05.

Legal & General Share Discussion Threads

Showing 20326 to 20349 of 21275 messages
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We just need someone with balls (and brains) to simplify the tax system. So much of it is pure nonsense.
I know Pierre's views on pensions - he much prefers ISA's and before that, Tessa's and PEP's so I'll not make any attempt to change his mind - I have some agreement with his stance.

However, yump's view that the government encourage people to have a (private) pension is interesting. I agree, they do.

But, wouldn't it be helpful to the people who bought into that hope by increasing the amount that can be taken out before tax is applied.

In 2020 the personal allowance was £12,500. It then rose to £12,570 in 2021 and has not changed since then, nor will it change before 2027/28. Unless Labour change it when they take power this year.

Given the rise in state pension from 674.40 every 4 weeks in 2019 to £815 in this ending tax year, and rising to £884.80 in April this year, there's very little gap between the pension and the tax allowance.

So, anyone drawing down will pay tax if they draw-down more than about £1430.

One quarter is tax free but the other three quarters uses up your spare allowance.

There is a golden opportunity here for the government to help the pensioners on that edge of existance. The loss of the tax take at these relatively low levels is minor and given that most of the money so reaped will be spent by the pensioners attracting vat and generally benefitting the economy.

For example, allow the first £4000 a year drawn-down from a pension to be tax-free. Thereafter, the current rules apply with one-qurter tax-free etc.

There is of course the current possibility - if married or in a civil partnership - to transfer £1260 of allowance from the lesser to the higher earner. So, man has pension, wife doesn't but both on the full state pension. She transfers £1260 allowance to him and her allowance is now £11,310. Her state pension in April this year will be £11,502 and she immediately needs to complete a self-assessment with all the complexity that brings - never having to complete one in the years prior.

So, now the marriage transfer facility is a trap rather than an encouragement to become married.

We need a far more intelligent class of person in the next government because we certainly haven't enjoyed such in the past and present govt.'s.

I'm not holding my breath.

talking about pensions the australians as i remember pay tax on putting money into a pension but pay no tax on recieving an income from it on retirement,that makes more sense to me as your needs are greater when retired ..
I think you should read up about pensions.

Very briefly…

The gov want you encourage people to have a personal pension. So you get 25% from them when you put money in.

Because its a pension, you’re not supposed to use it to go spendy-happy before or when you retire.

So you can only cash in a % of it, without being taxed. The rest has to give you income from an investment (eg annuity, that you can’t cash in)

So the issue is whether you’re ok with that or whether you’d rather have an ISA where you can invest in income shares and also draw cash.

I don't follow anything about pensions, but when I reads 'you I vest 2.8k and it becomes 3.5k instantly due to tax, I always think that can't be the full story. And the bits which aren't the full story often makes the hassle not worth it. I like liquidity, which I guess I wouldn't have with a new pension(?). I agree with spending it, after allowing provision for kids and wife. Although even that is difficult with a big isa pot, the divis roll in at a high rate. Ok when I kick the bucket and no inheritance tax when it goes to wife, when she goes that's 40% gone in inheritance tax as things currently stand. We have no will, preferring the new intestate rules - I'm used to people reacting in horror to the way I do things, but that seems the most sensible way to me.
pierre oreilly
wells777: You should note all the above trackers India, Japan, Germany, USA, Philippines, Mexico are also in ISAs. So, if for example, you sell RR. (Rolls Royce), with this cash you can buy (for example) this German fund "Amundi Etf AMUNDI ETF DAX UCITS ETF DR" - and its still in your ISA - tax free!!!!

You get these brilliant German assets:

SAP SE 10.75Siemens AG 10.10Allianz SE 7.98Airbus SE 7.12Deutsche Telekom AG 6.46Munchener Ruckversicherungs-Gesellschaft AG 4.37Mercedes-Benz Group AG 4.00Infineon Technologies AG 3.62DHL Group 3.40Basf SE 3.27

The same for India USA etc....
There is no need to be stuck in a mode of only thinking UK ISA - we have the entire globe tax free.....

That being said - LGEN - GLOBALLY has been a big winner for me..

che7win & lippy4. Thanks for your replies. Appreciated.
Apart from LGEN this article roughly matches what I have done....
(the article is 22 hours old but of course I've been moving money out of UK investments into India, Japan, USA, Mexico, Germany even Philippines - all year - all in my ISA - mainly tracker funds)

MC1 - I have a SIPP in drawdown. In addition I always add the £2,880 into a separate SIPP and invest it. I have done for years. At some point I'll crystalise it and at that point, after tax, it will be worth 6.25% more than had I simply put it into my ISA.

I view it as free money.

I agree that you place £2,880 into your SIPP and it becomes, as if by magic, £3,600 with the £720 tax that is added.

However, were you to draw that out again £900 would be tax free (one quarter) and the remaining £2,700 would be taxable. Let's assume at the basic 20% rate. You'd pay £540 tax.

So, £720 - £540 leaves £180 profit. For the year. £15 a month. Hardly worth it.

My aim is to extract as much money as possible out of my SIPP without incurring too much of a tax bill. Apart from the full state pension my only other income these days is the random winnings from Prem. Bonds and interest from non ISA'd savings. But with the frozen personal allowance at £12,570 and the state pension paying £10,595 there's little room left for other tax-free income.

And this under a Tory government. Shameful.


if the profit its in an isa you can reinvest the money in the isa,thats the point of them no tax..

You can buy and sell as much as you wish inside the ISA tax wrapper.
Question on ISAs. If I invest £20k and make £2k profit in 6 months can I reinvest this in the next 6 months or have I already spent my £20k limit for the year?
Iain Gilbert
Sharecast News
08 Jan, 2024 17:14 08 Jan, 2024 17:14
Broker tips:

Berenberg upgraded its rating for insurance and investment group Legal & General from 'hold' to 'buy' on Monday, saying that the macro environment should support the shares heading into 2024.

"At the start of 2023, the macroeconomic environment was not supportive for Legal & General shares," said analyst Thomas Bateman, who also raised his target price on the stock from 258.0p to 289.0p.

Investor concerns about credit risk and property valuations have hampered the stock since January 2022, said Berenberg, but it thinks the tide was set to turn going into 2024, driven by a greater certainty about the interest-rate outlook.

Looking ahead, Bateman said: "Fears of credit risk and real estate valuations are subsiding, but the benefits of higher interest rates for L&G, such as strong annuity volumes, are here to stay, and we expect strong annuity volumes to drive a step-up in capital generation."

Meanwhile, he said that L&G offers one of the best dividend prospects for income investors, being the seventh-highest yielding stock on the FTSE 100, trading at an 8.5% 12-month forward dividend yield. A predicted "step-up" in capital generation growth could also drive higher dividends, Bateman said.

marktime. Be careful the £10k max is only on earned income and doesn't cover pension income or interest and dividends. Unfortunately I pay enough tax but as it's on pensions (old defined benefit) I am limited to the £2,880 in. Which I still do as SIPPs remain one of the inheritance tax reductions at the moment.
Re spend it - I'm trying hard at skiing (spending the kids inheritance) but the likes of LGen, AV., PHNX & MNG make it hard with all those lovely dividends.

I think you need to relook at your maths. By my way of thinking for every £2,880 I put into my SIPP, I'll get back £3,060 when I put the SIPP into drawdown. And that's after tax! That's a 6.25% return for nothing!!

I'm of your way of thinking - that's why I've stopped contributing to my SIPP. Happy to forgo the 'temporary' tax uplift in favour of the completely zero tax nature of shares ISAs in drawdown (or whatever I decide to do). In view the frozen tax bands until 2028, I'm now even more glad I've taken this route. I figure I currently save about an extra £10K a year taking the shares ISA option instead of the pension.

markt: sound advice again. I really should put the £2,880 in first in March upon my return and then again, as you say, in April.

Then I started to work out some figures on paper.

My main aim is to draw-down from my pension but pay the smalles amount of tax possible.

It transpires that the £720 'free' tax bonus is only any use if you are prepared to put more money into your pension than you take out. Such could be funded by using money from other than the SIPP draw-down to provide the £2,880.

However, I have more than I need in the SIPP so my aim is to take out. The tax paid on the increased draw-down is negated by the £720 I gain by putting £2,880 of that very draw-down back into the SIPP. But at 20% tax paid on three-quarters of the draw-down and 20% gained back on the input it's pointless.

So, draw-down, holidays, blow-it and let's the kids whinge :-)

Chortle. You old codgers still in the counting house counting out your money. Spend some for goodness sake, the economy needs you. I know at our age it is difficult to find ways to spend it all, forcing myself to find projects and good causes. No cost-of-living crisis here.

Yes MC the £2,880 roundtrip £720 for nothing is a no-brainer, get it done this year. Have the dosh lined up local to your SIPP - provider so you can do an immediate transfer in at 00:01 on 6 April and be in the earliest possible window to claim that free cash.

NB you can MPAA up to a gross £10K these days. The £3.6K remains the no-questions-asked level in case you are a non-taxpayer for example the rule is "A person cannot usually receive tax relief on pension contributions worth more than 100% of their annual earnings". So you can max this up to a net £8K for a £2k cash windfall if you are still earning £10K+ a year or (my assumption) paying basic rate tax on the equivalent of that level of annual earnings. The point of the £2,880 round-trip is that no-one will even begin to ask questions, so it does not draw the attention of HMRC at all.

If you do see Terry tell him to get back to work . . . he looks after around 25% of my portfolio!!

Enjoy Mauritius.

Smart fellows. Thanks for the info.
I've not restarted the £2,880 aspect since the move to ii SIPP. I must address that shortly.

I went down the Prem Bonds route some years back - it's the only gambling I undertake. Lately, I appear to be on a run of small success. Wife not so.

If I happen to see Terry Smith whilst I'm in Mauritius I'll seek his advice (and let you know). Cheers.

I have a very similar set of circumstances to Woodhawk. Still work to do to fully ISA all my investments. Although I drawdown a workplace pension I still top up my SIPP by the allowed £2,880 per annum as it's the most efficient investment available . . . and that would include a similar amount being invested into a stocks & shares ISA!
Although I'm over State retirement age, I have a full new State pension and and a work pension, so I have not yet drawn on my SIPP. I have stopped contributing to it and intend to move it to Vanguard when I do start to draw down. In the meantime I still fully fund my Shares ISAs every year. 95% of my investments are now fully ISAd so I pay almost no tax on quite a substantial annual income which is, currently, still 100 per cent reinvested.
Thankyou both (Woodhawk and zac0_4) for your detailed responses.

I've made a note of the L&G, Fidelity and Vanguard funds zac - I'll look at those over the weekend.

I'm 50:50 invested cash in my ii SIPP. Although the interest on the cash side with ii is quite decent that's likely to change soon.

I'll post back on here in March if/when I've invested further.

Again, thanks guys and have a great weekend.

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