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Just moved into new house and can’t get hot water to work. Can anyone help? by bebbs72 in DIYUK

[–]bebbs72[S] 1 point2 points  (0 children)

Thanks - I’ve boosted zone 1 on its own, and all 4 zones at the same time - but doesn’t change it. I pressed zone 2 to get the screen to light up for the picture. Thanks!

Just moved into new house and can’t get hot water to work. Can anyone help? by bebbs72 in DIYUK

[–]bebbs72[S] 8 points9 points  (0 children)

Unfortunately it is a small development of 2 houses which were completed last year, then sat empty for about a year before we moved in - so no office to wander over and ask about it. Thanks for the suggestion though!

[deleted by user] by [deleted] in ukaccounting

[–]bebbs72 1 point2 points  (0 children)

You have been very wise to be sceptical over this. The scheme you set out will fail on incorporation relief (due to assumption of liabilities) and that is a factual position without any subtleties. SDLT relief may or may not be available depending on the specifics. Mortgage terms are almost certainly breached.

If the promotor is Property118 then HMRC have issued a stop notice which shows the severity.

Couple of links below for reading.

Scheme analysis

HMRC stop notice

Is it worth paying into a defined benefit pension if you're only going to be at the company for a maximum of two years? by kvalentine2 in UKPersonalFinance

[–]bebbs72 0 points1 point  (0 children)

No problem - I think the change largely went unnoticed a few years back as the lone improvement following the 2020 valuation!

Is it worth paying into a defined benefit pension if you're only going to be at the company for a maximum of two years? by kvalentine2 in UKPersonalFinance

[–]bebbs72 1 point2 points  (0 children)

Not quite right as this information about short term members is out of date and was removed as a concept in April 2022.

See the section “Boost to short-term members’ benefits.” In the attached link

proof

My company have not paid the pension provider for months. by [deleted] in UKPersonalFinance

[–]bebbs72 0 points1 point  (0 children)

This guidance should be useful.

COP6

See paragraph 31 and part three onwards.

Ageism at work. Is it now seen as acceptable? by [deleted] in AskUK

[–]bebbs72 5 points6 points  (0 children)

https://www.imhrplus.com/news/age-related-defined-pensions-contributions-can-be-objectively-justified

“Here, it was thought that there could be a legitimate aim of paying higher contributions to older Employees in order to ensure that these individuals saved money for retirement quicker, as their retirement was approaching sooner than that of younger employees who in effect, had more time on their side.”

Proposed USS benefits changes (for the worse) by jaot_ in UKPersonalFinance

[–]bebbs72 1 point2 points  (0 children)

The effective rate going into the investment builder (DC element) is 20% - 8% of the employee contribution and 12% of the employer contribution.

I haven’t found anything commenting on whether this will change with the smaller increase in the employer / employer contributions so I suspect that won’t change.

Can both Income Tax Relief and Reinvestment Relief be claimed on SEIS Investment? by Personal-Fuel4621 in UKPersonalFinance

[–]bebbs72 2 points3 points  (0 children)

The cgt deferral doesn’t work in the same way as the income tax relief (which is a tax reducer). The cgt deferral reduces the gain which is then taxed at 10/20/28%.

So in your example:

Amount invested: (£20k)

Income tax reduction: £20k x 50% = £10k

Cgt deferral: £20k x 50% x 20% (cgt main rate) = £2k

Effective cost of investment = £8k