M&g Share Discussion Threads

[spawny100] 26/7/2024 22:58

Ron just buy the shares, sit back and enjoy the dividends and do something more creative with your life imo. Shares like this are not stressful purchases.

[gurunostradamus] 26/7/2024 22:15

Your strategy makes perfect sense to me as after holding these for a couple years I sold all at 235p and now I’m not too bothered about the interim dividend but waiting to get back in around 185p level around October time!

[rongetsrich] 26/7/2024 19:44

Should just mention that Thebutler also ridiculed my strategy very vocally. Funny how I'm still standing and ready to share, whilst others sit in their towers itching for others to fail!

[rongetsrich] 26/7/2024 19:41

Evening Helen, we are approaching the 12 month point since I sold pre-dividend. That was when both Pierre and Woodhead created tears by calling me a reckless gambler.It went better than imagined for the final dividend, but I'm going to temper it this coming divi, as in hedge my bets a little, by not selling all.Just wondering if anyone else is thinking or doing same/ similar.

[dil 21] 26/7/2024 02:04

Only voted for Brexit so they wouldn’t let you back in.

[dil 21] 26/7/2024 01:14

Oh gawd Eurochops is still alive !

Set fire to yourself on any bushes lately ?

Been deported from any more football tournaments ?

Loved Euro 2020 and 2024 here in Wales :-)

[rongetsrich] 25/7/2024 18:17

Keeping it real. Mr Smith (lower rate tax payer) pays standard tax rate of 20%. Smithy puts £10k into a pension and gets 30% tax back. Smithy is happy.Mr Black pays 45% tax. Blacky puts £10k into a pension and gets 30% tax back. Blacky may not see the humour.Now, if Smithy has another source of income and puts his whole £40k salary into his pension he actually can get MORE tax back than he's paid. Winner. Welcome to socialism.Don't be like Blacky, Blacky resents Smithy. Smithy doesn't care.

[1jat] 25/7/2024 13:23

Even changing the rate of pension tax relief will be highly controversial.
An example for you to consider based on reduction to 30% tax relief. All NHS staff have an inflation linked average salary scheme which has a 1/54th accrual scheme…this is worth about 30% of annual salary.

If you have 20 years service you will have most of this service in an earlier DB scheme that benefits from pay rises, but does not get additional years added. If you get a 2% pay rise above inflation this will add 2xservice years% to your annual pension benefit. So 30%+40% becomes 70%.

A salary of 80k has a pension benefit of 56k, your salary is reduced by the 15% (8k) you contributed and then the 56k added on top so your adjusted salary is 128k.
You have received tax relief on 56k at 40/45% (the top 3k only), so you now owe the tax man approx 6k. You can pay this out of salary or you can take a future deduction from your pension under scheme pays.

This would be the equivalent of the Annual Allowance regime on steriods with all higher rate tax payers taking a significant hit now or in the future.

Of course there is a potential public sector carve out….but that will make them and us all to clear…

[scruff1] 24/7/2024 19:51

£350k concerned about money? Need to look in the sits vac columns. Loads of £500k 3 day weeks and work from home, especially in northern England, Wales and Scotland. No excuse for not driving a Bentley imo, second hand showrooms full of em.

[skinny] 24/7/2024 18:28

Ironically - its not just paying for illegals - we have enough indigenous 2nd and 3rd generation benefit spongers!

Tin hat on!!

[mr euro] 24/7/2024 17:38

Probably yes.

How many households never really have to be worried about money? Those without old money or a good salary (£400k+) will be concerned with money.

The middle class are taxed so highly; still it pays for the illegal immigrant benefits so the left wing loonies will be happy.

[kernelthread] 24/7/2024 17:35

62% total deductions between 100k and 125k - 40% income tax + 20% from reduction of personal allowance at a rate of £1 for every £2 extra income + 2% NI.

[spawny100] 24/7/2024 17:25

400k a year to be comfortable? Are you suggesting that 99.5% of the population are uncomfortable?

[mr euro] 24/7/2024 17:20

Don't forget the 55% tax between ~100-130k.

When you reach 230k tapering kicks in, if you reach ~330k you cannot even make pension contributions. I don't remember when tax allowances go.

For those earning £m's it's ok, for those between 100-300k it doesn't go as far as you expect.

I would say you need minimum 300k to send your kids to private schools and not make so many scarifies.

[laurence llewelyn binliner] 24/7/2024 17:06

Whilst a salary of GBP100K might sound strong on face value a take home of GBP5,700 a month before being adjusted back for pension contributions brings it back to under GBP5K a month, from what I overhear it does not go anywhere near a comfortable life in todays price environment..

Mortgage/rent 1,500
Utilities/council tax 1,000
Food 1,000
1 lease car with fuel and insurance 1,000
2nd lease car 1,000 seems pretty normal too
2 children to run in state schools ..?
2 children to run in private schools 1500 each

You are already scratching with no holidays and hand me down clothes on GBP100K before private education, you are going to need 10 a month net (GBP200K p/a gross) with holidays for that, an alarming number, but reality for many families, the destructive power of inflation and money printing..

#Mr Euro, zero personal tax allowances on salaries over GBP125,140
You will have a reduced tapered annual SIPP allowance in the current tax year if both, your threshold income is over £200,000 and your adjusted income is over £260,000..

[jubberjim] 24/7/2024 15:47

Euro

Get Real

[jubberjim] 24/7/2024 15:38

Euro

Get Real

[stevetmade1] 24/7/2024 15:27

https://www.telegraph.co.uk/money/pensions/labour-hell-bent-ruining-retirement-another-generation/