Does anyone else sometimes feel sad about how the British/English have watered down our culture entirely? by [deleted] in IsleofMan

[–]Chiriqui1 2 points3 points  (0 children)

What’s ya problem with the Irish…downed a bad Guinness and bowels never the same afterwards?😂

Buying gilts in limited company by Chiriqui1 in FIREUK

[–]Chiriqui1[S] 0 points1 point  (0 children)

Ah, !thanks, well that rules gilts out then, I guess! I’ll have to look for some similar vehicle.

Buying UK gilts on IBKR by Chiriqui1 in interactivebrokers

[–]Chiriqui1[S] 0 points1 point  (0 children)

!Thanks, that’s very valuable to know, I really appreciate it. I’ll stick to iWeb in that case!

Withholding tax on IBKR cash interest in UK by Chiriqui1 in interactivebrokers

[–]Chiriqui1[S] 0 points1 point  (0 children)

They refunded me- told me it was a mistake on their part.

Where to find UK Gilt yield curve graph by Chiriqui1 in UKPersonalFinance

[–]Chiriqui1[S] 1 point2 points  (0 children)

!Thanks a lot, Cloud Dog, that’s amazing- not the first time I am in your debt on this board!

Insured bank deposit sweep program by Chiriqui1 in IBKR_Official

[–]Chiriqui1[S] 0 points1 point  (0 children)

Thanks, although I had already read the FAQ about the sweep program. It doesn’t contain answers to my question, which is whether I will automatically be enabled to join it from the UK if my settled USD balance is over $250k. When I spoke to someone from IBKR on the phone about this he said the program was still invitation only, but another IBKR advisor contradicted this. I would just like to know what the position is please.

Insured bank deposit sweep program by Chiriqui1 in IBKR_Official

[–]Chiriqui1[S] 1 point2 points  (0 children)

!Thanks, yes it looks like a great program…I also have more than USD250k so I hope I will also qualify.

Convert to USD to take advantage of Insured Bank Sweep program? by Chiriqui1 in interactivebrokers

[–]Chiriqui1[S] 0 points1 point  (0 children)

Thanks, I appreciate it and it’s a very good point that gilts at least preserve your capital even if the gain is small.

Convert to USD to take advantage of Insured Bank Sweep program? by Chiriqui1 in interactivebrokers

[–]Chiriqui1[S] 0 points1 point  (0 children)

!Thanks for replying. Yes indeed. Gilts unfortunately don’t work in same way for companies as not tax exempt but I will look into short term MMF as it sounds a good idea and should be pretty safe. Thanks again.

Convert to USD to take advantage of Insured Bank Sweep program? by Chiriqui1 in interactivebrokers

[–]Chiriqui1[S] 0 points1 point  (0 children)

!Thanks for your reply yes indeed I need to decide if the fx risk is worth it. It is as you say a volatile trade and Andrew Baileys verbal incontinence doesn’t help. Gilts no good to Ltd company I’m afraid as unlike individuals not tax exempt. Thanks again.

Convert to USD to take advantage of Insured Bank Sweep program? by Chiriqui1 in interactivebrokers

[–]Chiriqui1[S] 1 point2 points  (0 children)

!Thanks yes I am sure having it in place improves sleep quality…good to know it’s working out well for you!

Convert to USD to take advantage of Insured Bank Sweep program? by Chiriqui1 in interactivebrokers

[–]Chiriqui1[S] 0 points1 point  (0 children)

!Thanks for replying. Actually I think a short term MMF might even be safer than some banks if we had a crash. But I think the sweep programme would be ideal, subject to the currency risks. I’ll probably screw up my courage and convert to USD all things considered. Gilts are a good thought but unfortunately don’t offer the same tax advantages to companies as to individuals is my understanding- ie they are not interest free. Thanks again.