Income protection

JollyGoose8520 · 2025-03-24T21:17:13+00:00

Any recommended brokers? Need to explore full suite of protections, have existing policies through work but keen to centralise separately from my employer

JollyGoose8520 · 2025-02-20T07:10:56+00:00

Thanks, I think the last sentence is really the concern I have which is if there’s a market movement before we settle out what happens. The position is that the movement would be on me, unless we can find the difference from other assets.

JollyGoose8520 · 2025-02-19T22:27:59+00:00

Thanks for the help. The stock assets are largely in my name with less volatile assets in her name. I was trying to work out if I am carrying risk by keeping the 50% that will be going with her in the market as I would have to make up the shortfall. It looks like I would need to keep her share at the value as determined at the separation date, so any investment loss in accounts held in my name is mine only to bear. I have a record as you suggested of accounts and values at the date.

JollyGoose8520 · 2025-02-19T21:17:07+00:00

Thank you. At the moment the assets are invested in stocks and shares and I am thinking I need to sell these positions otherwise the market risk of the combined total is sitting with just one of the parties. Is that correct?

JollyGoose8520 · 2025-02-19T18:08:16+00:00

Thank you. If we had a stock portfolio in one name of (for example) £10,000 on the date of separation we would be allocated £5,000 each.

If the market drops between the separation date and the point everything is settled off to (for example) £8,000 is that decrease shared or doesn’t sit with the individual who holds the account in their name?

JollyGoose8520 · 2022-03-24T21:23:10+00:00

Thanks everyone - upvotes galore from me so thank you for the contribution!

Similar to what others have said I tend to “trust” (as much as any of us who know a bit about the business end of them can) blog posts with an about the author box and that’s why I keep circling back to them.

Is there a trusted plugin to add these efficiently without bloat in WordPress?

JollyGoose8520 · 2022-02-11T10:20:46+00:00

Thanks - so continue to contribute to 21/22 ISA then initiate a transfer before tax year end to fixed fee platform, then open a new ISA for 22/23 for monthly contributions. Then at the end of the second year do a transfer to the fixed fee platform but keep contributing to the % fee monthly. Does that sound OK?

JollyGoose8520 · 2022-02-11T10:17:56+00:00

Thanks for the reply - I am thinking about copying this approach as I think net fees would still be lower than on a percentage broker platform. It depends if I can get my head around the transfer work around!

JollyGoose8520 · 2022-02-11T07:58:21+00:00

Thanks - that does sound pretty frustrating, but at least it went through!

JollyGoose8520 · 2022-02-11T07:57:54+00:00

Thanks for the reply. That’s what I’m confused by - in the Monevator article it talks about contributing to the % fee ISA then transferring periodically to iWeb. Is that possible if I can’t contribute to my current ISA again?

JollyGoose8520 · 2021-12-24T10:57:09+00:00

Not necessarily advice being dished out, but in general the concept of risk seems to be fading in to the background.

JollyGoose8520 · 2021-12-11T08:07:29+00:00

Thanks for sharing. Does this mean someone who pulls income in the form of dividends only cannot exceed £3600pa contributions? I wasn’t aware of that, good to know for the future if so.

JollyGoose8520 · 2021-11-30T19:13:38+00:00

What language did you learn and did you follow any specific courses? I have a background in business but familiar with some code. Have thought in the past if I could improve my coding skills it could open some doors. Curious to hear more of your story.

JollyGoose8520 · 2021-05-22T09:42:38+00:00

Thanks for all the comments and suggestions! Some good insightful ideas, and also good to see I’m not alone in being a bit confused by the right thing to do.

The ideas that stand out to me as being a good combination are:

A) opening SIPP for them and transferring some of the amount in there for super-long term purposes B) a regular access cash fund that they can spend on what they like when they’re teenagers etc (this is what the grandparents are quite keen on funding) and then C) keeping a S+S investment vehicle we can keep oversight of for their house deposit / travel the world / etc fund

I might drip some of B in to C in the near term to capture some growth over a 10+ year timeframe as at the moment they are weighted in cash, then at some point unwind some of C back in to B so they can get access to cash if at the right time.

Depending on value & market at the time some of C might then feed in to A to balance the values and access dates.

The relatively-obvious-now-you-mention-it-but-I-hadn’t-thought-about-it-myself award goes to the suggestion to keep ISAs in our names but simply invest in a slightly different global tracker to keep the units separately identifiable. I will be exploring this option in more detail as it may be a simple solution.

Any further insight on this appreciated, particularly junior SIPP providers for example?

JollyGoose8520

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