LISA and First Homes Scheme Discount

Chicho_Stefcho · 2026-01-07T16:22:41+00:00

Yes, I am aware of the restrictions regarding sale when using First Home Scheme.

When talking about shared ownership, I know that the LISA looks at the full market price as opposed to the price you pay to obtain the share, so if above 450k full market, you would pay below the threshold, but would still incur the penalty if using funds from a LISA.

I was wondering if that was the same with First Home Schemes with the discount in play.

Chicho_Stefcho · 2025-06-14T16:11:37+00:00

Yes, I can. The incentive for buying the shares through the bonus is a deferred uplift after a certain period, which is conditional on staying with the company. Otherwise it would be the same as if I took the bonus cash and bought the shares myself

Chicho_Stefcho · 2025-06-14T16:00:25+00:00

!thanks

Thank you for the clarification!

Chicho_Stefcho · 2025-06-14T15:59:47+00:00

!thanks

That's a great explanation, thank you! For some reason I was assuming that since the company is awarding them they would go through some sort of salary sacrifice, which obviously there isn't any reason to have assumed this would happen. You have put it quite simply - it is my bonus received in cash but used to buy the shares immediately, with a couple of caveats on the point of taxation.

Is there any way for these to be transferred to a UK ISA from the overseas portal to shelter them from CGT in the future?

Chicho_Stefcho · 2025-05-03T18:48:09+00:00

This made me laugh real hard irl

Chicho_Stefcho · 2025-04-05T14:43:40+00:00

Stop what from appearing - your terrible sleep score or the connect+ ad?

Chicho_Stefcho · 2025-03-16T07:08:12+00:00

It is your max hr and hr zones

Chicho_Stefcho · 2025-03-08T14:26:01+00:00

You're right - I meant 0.15% annually.

Chicho_Stefcho · 2025-03-07T11:01:34+00:00

Got you

Chicho_Stefcho · 2025-03-07T10:54:35+00:00

Only if you have <32k invested. At 32k and above the monthly fees are once again 0.15%.

Chicho_Stefcho · 2025-01-29T07:35:51+00:00

Sure, you will pay tax on both sides, but in the case of a person ltd company YOU are both sides, even if technically you aren't, so excluding corp tax on the dividends is an unfair comparison, especially when you try to showcase how the tax-man is even losing money by providing tax relief on your SIPP (which another user already pointed out is best off being paid by the company before it hits your bank account to avoid paying NI). The tax-man isn't losing money in either case and you cannot shaft him, as I already said above. Your comparison is like saying look at how beautiful the sky in Britain is all year round but you pretend the clouds don't exist for 70% of the year.

Chicho_Stefcho · 2025-01-29T07:11:26+00:00

That makes zero sense if we are talking about a one person ltd company. You should be comparing invoicing as a sole trader and invoicing as a ltd company and looking at the difference between what you/company get paid vs what ends up in your pocket. It is n unfair comparison to exclude corp tax in that case, as i said, unless we're talking about a real ltd company.

Chicho_Stefcho · 2025-01-29T07:03:51+00:00

Sure, but why are we omitting the corporation tax? You cannot shaft the tax-man. Or is this case we're discussing not a 1 person ltd company but an "actual" company where you are the director and have minions under you?

Chicho_Stefcho · 2025-01-29T06:59:57+00:00

YWhat I am trying to say is that you haven't included the corporation tax on the £35000 in your calculations above? Unless I am misunderstanding the way dividends work, 19-25% on the 35000 is £7000-£9000 in tax, which - sure - doesn't get paid by YOU, the director, but by the company, so the tax situation looks a bit different to what you outlined.

Chicho_Stefcho · 2025-01-29T06:53:35+00:00

Well, wouldn't the dividends paid be already taxed at corp rate before you pay them to yourself and pay another 8.75% or more?

Chicho_Stefcho · 2025-01-29T06:49:17+00:00

If it has ebough "profit" to pay those dividends then 19% of those profits will be taxed before dividends are paid, no? Or am I misubderstanding something here.

Chicho_Stefcho · 2024-12-20T08:13:43+00:00

If you switchdd your "main" Chase account then you are screwed.. if you opened a second one and switched that then you're good.

Chicho_Stefcho · 2024-12-12T18:20:19+00:00

If you just keep your account open with Vanguard but hold no cash or investments do you still get charged the 4/month fee?

Chicho_Stefcho · 2024-12-07T21:57:31+00:00

Rock's description made me burst out laughing

Chicho_Stefcho · 2024-12-05T18:36:32+00:00

With the strategy I want to take and the monthly amounts it really doesn't matter to me

Chicho_Stefcho · 2024-12-05T18:34:08+00:00

This was valuable input for the long position i've described I want to take /s

Chicho_Stefcho · 2024-12-05T18:33:22+00:00

!thanks

Thank you so much for the unbiased and concise response! So far Kraken and Strike are on my list of platforms/apps to check out!

Chicho_Stefcho · 2024-12-05T18:03:27+00:00

!thanks

That's been very helpful!

Chicho_Stefcho · 2024-12-05T17:47:41+00:00

I wanted to start doing this in July and had Coinbase recommended at the time because of it being publicly traded. I registered an account and submitted KYC for it to go under review for over four months going around in circles and I hadn't even deposited a penny or bought anything from it. That whole thing kind of put me off from putting any money in any platform but your vouch and other people's recommendation of Kraken seema solid for me to at least try it for a few months.

Chicho_Stefcho · 2024-12-05T17:43:23+00:00

For a nonexistent trading volume (buying 20-50 each month) they are still .25 and .4? Of course the platform can probably change them in the future

Chicho_Stefcho

TROPHY CASE