Legal & General Share Discussion Threads

[jubberjim] 31/10/2024 13:31

Just looking at the 'safe companies'

All having a bit of a sell off to my eyes .

Astr Zen Gsk Unilever et al

That money will have to go somewhere

But mine is not going anywhere

[cwa1] 31/10/2024 11:00

Please all, I know there's a lot going on and I'm happy to just let it flow for now due to the budget effect-but let's not stray TOO far off the topic of LGEN

Cheers

[tornado12] 31/10/2024 10:59

& the pension funds should not take any lessons from this government. They should hold their nerve and invest where the business logic is clear in favor of their clients. Don`t fall for their claptrap green waste

[tornado12] 31/10/2024 10:57

I dont think this government has a clue on the calculation of the payback on any investment .. They just want to spend based on their theoretical vision without understand the payback for us the tax payer. Those who voted in this shower will reap the wild winds. I could be wrong, but the billions they will waste seems already baked into the budget. Its quite breathtaking they are not able to run the country like its a business and its their money going in it... Spend, spend spend black hole......They seem to continue what the last 4 years of the Tories did. I hope I am wrong but I just dont have the good feel about this at all..

[yump] 31/10/2024 10:38

LLB

So do you think Milliband is working for Russia or China, given his apparently deliberate destruction strategy?

Or are you just having a moan?

[1hercule] 31/10/2024 10:26

I noticed they are ironically putting UK Energy ( or whatever its called ) HQ in Aberdeen. Speaking to an oil engineer the other day working currently in Aberdeen, Milliband would be lynched if he set foot in Aberdeen.

[laurence llewelyn binliner] 31/10/2024 10:09

Carbon capture, what utter tripe, just plant forests to breathe the CO2, and exhale the O2, Millband has a lot to answer for hell bent on making the countries energy supply more expensive and the UK less competitive, exporting our jobs and manufacturing to countries that offer it cheaper..

Windfall tax increased on OnG from 25% to 28% and extended through to 2030, what windfall exactly have we had in 2024, Oil is down to USD70bbl FGS..

[bargainsniper] 31/10/2024 10:05

Labour 22bn on carbon capture will prove a waste of 22bn. Repeating previous failures.

[action] 31/10/2024 10:03

Same. There is no hopes for uk if you get 25 billion only from employer who are make or break for economy. She should have spread it against different sector. Also nic threshold from 9k t0 5k for employer is too much....

[mcunliffe1] 31/10/2024 09:47

Freeports.
Ditch carbon capture. Invest in SMR's - fast.
Demand efficiency improvements as part of any additional NHS funding.
Six month cessation of stamp duty on UK stock purchases.
NI payment relief for new employees - for first year of employment.
Tax relief on pension contributions tapered as pot grows. Ceases when exceeds £x.

Raise £50k premium bond limit to £75k and thereafter by RPI.

[yump] 31/10/2024 09:32

What would an alternative budget for growth look like?

[davius] 31/10/2024 08:55

FTSE down 1.5% since the general election. LGEN fairing a bit worse.

"A budget for growth".

Do we have a moron running the treasury?

[kernelthread] 31/10/2024 08:39

The government will see it as a good thing if more pension savings get "invested" in fixed income, including a large amount of gilts. It gives them a captive market for the new debt they want to issue.

[williamcooper104] 31/10/2024 08:36

And the pound didn't sell off

[williamcooper104] 31/10/2024 08:36

Nothing like a Truss - gilts sold or along with most sov bonds on higher US growth and better odds of Trump It's a bad budget; but it's not a lunatic budget

[pierre oreilly] 31/10/2024 08:35

6751, Agreed.I don't understand too much about pensions except they consist of 25% to 40%(?) of taxpayers' money when funded.If the idea that somehow much of that during retirement or death also is tax free, then that seems a double dose of taxpayers largesse. Also pensions I expect are to fund a decent retirement and not some sort of manipulation to avoid inheritance tax.

[williamcooper104] 31/10/2024 08:34

After IHT and Income Tax about 60-70% is taxed away So means may as well get an annuity Which means your pension assets will go out of listed equities and into fixed income DC/SIPPs buying UK listed equities was the only hope for the LSE - now it's all the more likely there isn't a stock exchange in 10-15 years time

[laurence llewelyn binliner] 31/10/2024 08:32

#Tornado12, a Truss style budget delivered in red, spending and investment through unfunded debt and borrowing, it did not go down well last time..

Gov 10 yr notes up already to the same levels..

[tornado12] 31/10/2024 08:10

The outcome is less savings and poorer U.K. PLC. This is typical Labour , massive tax and massive spending without any clue how to improve growth and long term private job quality. We will soon find out how they will use this money and the benefit to growth and prosperity. People will change their behaviour in savings , and I’m one of them !

[marktime1231] 30/10/2024 23:44

When you die you are dead, IHT is on your estate (beneficiaries). Not you.

Your beneficiaries are liable for income tax when they draw their own pension so why should it be any different? Except that of course beneficiaries of a pension residue can be non-tax payers, and it doesn't have to be drawn in one go. Leave it to your grandkids. Or the hospice.

If you buy an annuity you never see any residue, where is the advantage in that?

This is a good move bringing pension residues in to IHT, it will stop people gorging on pension contribution tax relief to accumulate a pension pot which they have no intention of using up. Why should my taxes subsidise a bigger pension pot than you need so you can pass it on tax free?

A pity Reeves didn't also cut those generous reliefs and cap the tax free lump sum. For now. More to come with the pensions review.

[williamcooper104] 30/10/2024 22:26

Nasty sting on pensions being in the IHT net If you die after 75 you get hit on IHT but your kids then get hit on income tax when they take money out of the pension So makes it far more advantageous just to take an annuity Which of course, while being bad in general, is no bad thing for LGEN

[rongetsrich] 30/10/2024 20:03

They do! Failing that they are going to freze personal allowances. She didn’t even need to mention them today, but she chose to.
She can change her mind in 2 years and nobody can fight it. Typical Labour showboating.
As for my thick friend Irish Pete, shall we crowdfund for his family to at least get nutritional necessities.