Phoenix Share Discussion Threads

[bluemango] 10/9/2021 22:34

I wonder - are you Jeremy Corbyn in real life?

Or maybe Steve Bray, the EU-loving odd chap in the top hat who spends his life in Parliament Square harassing MPs?

[someuwin] 10/9/2021 11:42

Good article in this week's Shares mag on high yielding investments.

[jonwig] 08/9/2021 07:08

The FT has explained that the extra tax will be added to the current dividend tax, so there will still be the tax-free allowance and ISAs will be exempt.

Sorry for the earlier lapse on my part!

[deanowls] 08/9/2021 05:03

The company makes a profit, from this point the government Take a tax cut(it’s dividend), why should they take another one? Double dipping.

[lauders] 08/9/2021 01:13

Some news from a few days ago that I missed:

2nd September 2021 - Today, Phoenix Group announces it has purchased a portfolio of equity release mortgages from Just Retirement Limited, part of FTSE 250 retirement specialist Just Group plc, to the value of circa £300 million. These are mortgage backed assets across the UK and this transaction further cements Phoenix’s position as one of the largest funders and managers of equity release assets in the UK.

[stemis] 07/9/2021 22:06

"In 2018-19, there was £23bn invested in shares ISAs2

hxxps://www.moneymarketing.co.uk/news/isa-market-value-hits-record-620bn/

More like £300bn according to this

[cassini] 07/9/2021 22:03

I thought there was a dividend tax free allowance of something like £2k even outside an ISA/SIPP? OK, not a lot but unless they cancel that they can't just grab the whole lot and send it straight to HMRC.

[gateside] 07/9/2021 19:29

jonwig... Don't give the UK Government ideas!

[jonwig] 07/9/2021 19:23

isalolly - often the effect of the UT trade is unwound at the open.

On dividends, I suppose we don't know yet just how they will be taxed, but in theory there's nothing to stop the UK from deducting the tax at source - ie. company level. So it becomes a withholding tax where an ISA is no help.

In 2018-19, there was £23bn invested in shares ISAs. So maybe £500m is paid in dividends. That gets a bit over £5m in tax. Seems hardly worthwhile, but what would be worthwhile would be to do it to pension funds.

I think it's perfectly possible and simple for the gov't to instruct companies to withhold the tax on all dividends paid and send it straight to HMRC. Around £50bn was paid out in UK company dividends last year (estimated by FT). So a tax take of over £1bn in a more normal year is starting to get serious.

[isalolly] 07/9/2021 18:16

That's one heck of an uncrossing trade at the end of the day, 1,194,472 shares showing as a sell. What's that going to do for the price tomorrow?

[isalolly] 07/9/2021 17:26

There's a purchase of 43000 at £6.378 at 10.11am. I reckon that is II making a consolidated purchase. My share is 165. The bid was £6.370, offer £6.374 at the time, they paid £6.378, highest price paid this morning before 10.14am. I reckon we're not being well looked after with auto dividend re-investments.

[isalolly] 07/9/2021 17:03

Dividend auto-reinvested by II at 10.14am this morning at £6.378, the morning peak I think. Happy with II, dividends received promptly, except for the timing of their dividend re-investment.

[williamcooper104] 07/9/2021 14:22

Yep - won't effect ISAs - at some point they are going to means test the ISA limits - but all ok for time beingIf this is what a right wing government does at some point there's going to be an old fashioned Labour government

[bengrady] 07/9/2021 14:20

schofip, Investments held in as ISA are tax free.

[schofip] 07/9/2021 14:10

I realise this is hot off the press but does anyone know if the 1.25% increase in dividend tax to pay for social care will affect shares in ISA's.

[nerja] 07/9/2021 08:03

Topped up worth a punt on that large director buy, I hope

[cwa1] 06/9/2021 17:06

Impressive purchase. Spare room for him(IF she lets him live) if that goes horribly wrong!

[nerja] 06/9/2021 17:03

May be wrong but she should know what’s happening with the swiss re sale by now. Maybe top up time again

[nerja] 06/9/2021 16:49

Well that’s a large director buy

[davetedjack] 06/9/2021 15:19

Sounds plausible. I'm generally happy with the service and I'm never desperate for my dividends so no real issue for me.

[my retirement fund] 06/9/2021 14:48

I spoke to them once about it and they fobbed me off with some excuse that they get paid by cheque and only send the tea boy down the bank once a week to pay the cheque in etc.

[williamcooper104] 06/9/2021 12:32

Got mine for value 3 Sept

[davetedjack] 06/9/2021 12:09

Have you checked your dividend history as they put it there and credit it to cash at the end of the day. Mine is in dividend history but can't be used yet and not showing as credited funds.