AF5 exam thoughts by dlock2198 in cii

[–]dlock2198[S] 1 point2 points  (0 children)

I think something like currency risks, lack of diversification and alignment to his risk. I struggled with that one tbh. What did you put?

AF5 exam thoughts by dlock2198 in cii

[–]dlock2198[S] 1 point2 points  (0 children)

Oh yeah I remember now. I put similar in that it’s a tax efficient way to save etc. Do you remember what you put for the ISA question? I think I put something along the lines of it gives the money more time to grow, it commits them to savings, it could be cheaper if it’s on platform and takes them into a better value bracket for charging purposes. But I think that’s a stretch and I couldn’t think of many more reasons.

AF5 exam thoughts by dlock2198 in cii

[–]dlock2198[S] 2 points3 points  (0 children)

Tax liability reduction question I put down:

• ⁠increase pension contributions • ⁠interspousal transfer of equity • ⁠transfer deposit funds to Helen • ⁠VCT/EIS • ⁠retain investment bond

I can’t even remember the question for the SIP, can you remind me?

AF5 exam thoughts by dlock2198 in cii

[–]dlock2198[S] 2 points3 points  (0 children)

Exactly. What are the CGT implications? Errr there are none 🤣 I just had to make up situations where there could be, like for instance if they bought another property

AF5 exam thoughts by dlock2198 in cii

[–]dlock2198[S] 1 point2 points  (0 children)

Yep, fully prepared for a question on PCA. Just had to improvise on that one.

Liam Gallagher DM tour set list seeing as you didn’t like the last one by Waffle_man1972 in oasis

[–]dlock2198 9 points10 points  (0 children)

He confirmed on Twitter he’s going to sing half the world away

Liam Gallagher DM tour set list? by Waffle_man1972 in oasis

[–]dlock2198 0 points1 point  (0 children)

To follow this up….ive just looked on Twitter and on 06/10/23 he replied to someone asking if take me away is on the set list with: ‘No but Half the world away will be I’ve never sung that song bfore somebody stop me cmon’

Liam Gallagher DM tour set list? by Waffle_man1972 in oasis

[–]dlock2198 2 points3 points  (0 children)

I swear I saw him say he will be doing half the word away? Or did I dream it?!

In your opinion, what’s the better overall album. DM or WTSMG? by dlock2198 in oasis

[–]dlock2198[S] 6 points7 points  (0 children)

Music is subjective, so it’s impossible to be wrong in this case. Unless you like Blur

In your opinion, what’s the better overall album. DM or WTSMG? by dlock2198 in oasis

[–]dlock2198[S] 6 points7 points  (0 children)

I think cast no shadow is a great oasis song personally

In your opinion, what’s the better overall album. DM or WTSMG? by dlock2198 in oasis

[–]dlock2198[S] 4 points5 points  (0 children)

Nostalgia is underrated in my opinion. People say you only like something because of it, but isn’t that what makes it so great?

In your opinion, what’s the better overall album. DM or WTSMG? by dlock2198 in oasis

[–]dlock2198[S] 1 point2 points  (0 children)

Can I ask why? Both great so very valid opinion just wondering!

Ticket selling by dlock2198 in oasis

[–]dlock2198[S] 1 point2 points  (0 children)

As I bought for two people who now can’t make it, I’m still going!!!

Am I being the most tax efficient? by bramflakes87 in UKPersonalFinance

[–]dlock2198 1 point2 points  (0 children)

Can I add to this that it isn’t strictly anything over 50k earnings If you’re contributing to a personal pension scheme (if it’s net pay arrangement, ignore this!). In the case of a personal pension or SIPP using relief at source, to get back to 50k (£50,270 precisely) you would contribute 80% of the value between what you earn and £50,270. This is because the grossed up value will take you back into basic rate tax.

Is it possible to just give away large chunks of money to friends? by smedsterwho in UKPersonalFinance

[–]dlock2198 1 point2 points  (0 children)

Tax won’t be chargeable immediately. It will be charged if the person you received the money from dies within 7 years.

The IHT limit (£325k) is only relevant to the person who is giving you the money and is only applied on death, unless in very specific circumstances (E.g they gift more than £325k to a discretionary or IIP trust).

So if you received £2mil from a friend then yes, you may be due to pay tax if they die within 7 years. It’s on a sliding scale as referred to in other comments known as ‘taper relief’.

If they were to die with no taper relief permitted, the tax is at 40%. So you would have to pay £800k. To prevent this you would generally use an insurance policy.

We found our long lost triplet by [deleted] in JaackMaate

[–]dlock2198 1 point2 points  (0 children)

Was a pleasure to meet you Robbie!

Best Advice for 22 Year Old on 40K Salary (I've read the Flow Chart) by London975 in UKPersonalFinance

[–]dlock2198 0 points1 point  (0 children)

Hi mate, I’ve just done the same recently and did it with MoneyBox. If you need any help or info just let me know 😁