Lloyds Banking Share Discussion Threads

[daddy warbucks] 26/3/2020 19:06

Can anyone advise please as I haven't held a dividend paying share before and I want to avoid paying tax as far as possible.I hold a number of Lloyds shares and wondered if I could have my dividend payment in shares rather than cash. If so how do you go about it?Also, would the extra shares in lieu of the dividend be counted as a taxable item and thus notifiable?My tax situation at the moment is very simple and everything tax wise is paid through PAYE on my pensions. I don't have to submit any self assessment and would like to keep it that way as much as possible.Unfortunately I cannot put these shares in an isa as I have too many and in any case have used all my allowance for this year and will be looking to put another 20k into it in the next financial year.Any advice would be gratefully received.

[k38] 26/3/2020 18:54

Just an opinion. Based on charts which they don't mean a lot because of the virus effects on the future economy and among other thinks, but show the people's confidence to buy the low I can see more upside tomorrow...If we break above the 40p (if not, a reverse back to 36p) than 42p will be the new resistance forwards to long recovery.

[k38] 26/3/2020 18:42

Good to hear you are well. Stay safe.

[bargainbob] 26/3/2020 18:30

K38

Not much time at the moment , everything fine thanks for asking .

[k38] 26/3/2020 18:16

But I am worried about bankruptcies in a few months from now and business will need a lot of cash....

[k38] 26/3/2020 18:14

Going long it's good (plus divi..) but my strategy always is in and out. No bothered with dividends. So far works well for me.If no more surprises Lloyds will see 65p end of summer.

[maxidi] 26/3/2020 18:12

A profit is a profit but I am waiting a lot longer until it gets to mid 60s if it ever does. Could be a year or so but it might only be 6 months!

[thekida] 26/3/2020 18:08

K38

Holding on just added to my others......still cheap imho

TK

[k38] 26/3/2020 18:05

Mistake or not I have a cash order for tomorrow morning. Happy with my profits.

[k38] 26/3/2020 17:49

Any of you cash in the top or you waiting for divi.

[thekida] 26/3/2020 17:28

Now 21/69% up since early Monday morning!!

YIPEEEEEEEEEEEEEEEEEE

Putting tin hat on

TK
He who dares Wins

[minerve 2] 26/3/2020 17:23

I don't see the difference between "bumming off" a benefit from "bumming off" an ISA but that's just me.

They both curtail the government coffers.

[maxidi] 26/3/2020 17:23

THE FINAL SOLUTION or ve haff vays of saving ze money....

[maxidi] 26/3/2020 17:20

Sorry "This all sounds like fascism" and it probably is!

[maxidi] 26/3/2020 17:18

And maybe they could include all the druggies and layabouts be included with the elderly sick. After all the elderly have mostly paid into the system, the ne'er do wells have just bummed off the tax payers.

[stonedyou] 26/3/2020 17:11

Banks Poised for Big Win on Loan Losses in Senate’s Virus Bill


Bloomberg) -- The banking industry is close to gaining relief from a much-hated accounting rule imposed after the 2008 financial crisis, thanks to a provision tucked deep in the Senate’s massive coronavirus aid bill.The legislation, which still must be voted on by the House, would likely delay until the end of the year a requirement that lenders partially write down losses when they make a loan –- a directive that banks say paints an unfair picture of their books and could stymie lending, especially during a time of economic tumult.

Lawmakers also added a separate provision that would make it easier for banks to temporarily modify loans without downgrading them to troubled status, a step meant to give flexibility for borrowers under pressure in this pandemic.

Postponement of the accounting rule -- known as the current expected credit losses method, or CECL -- would be a big win for regional lenders including Capital One Financial Corp., Regions Financial Corp. and Truist Financial Corp., which have been lobbying Congress and regulators for more than a year to get the standard changed.

Still, the banks had to head off a last-minute opposition effort by the group that oversees the Financial Accounting Standards Board -- which wrote the CECL rule -- that deployed investor groups and the U.S. Chamber of Commerce to argue that the intervention was an unseemly use of the crisis to achieve a long-standing policy goal.

‘Unprecedented Measures’

[maxidi] 26/3/2020 17:00

HMMMMM... If a country wants to save billions in pensions and NHS and care homes etc. just let them catch a nasty disease and thousands will die! Ergo, billions a year saved.
Just a thought. :o(

[minerve 2] 26/3/2020 16:55

Why couldn't Boris order more ventilators from Smith Group?

Surely expanding production is better than starting from scratch.

It really is political point scoring with people's lives. Disgusting.

[k38] 26/3/2020 16:55

It's not easy to make all people happy.... we must complain no matter what. Sure, if labour was in power today Jeremy would have solve the Coronavirus overnight. Voters are stupid... are they diku.Lol....

[diku] 26/3/2020 16:52

So they turning London Excel into a make shift hospital...

[minerve 2] 26/3/2020 16:51

Same with Ashley.