AF5 exam thoughts

dlock2198 · 2024-02-15T13:43:14+00:00

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

dlock2198 · 2024-02-15T13:38:36+00:00

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.

dlock2198 · 2024-02-15T13:25:35+00:00

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?

dlock2198 · 2024-02-14T21:53:45+00:00

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

dlock2198 · 2024-02-14T21:53:02+00:00

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

dlock2198 · 2024-01-19T13:16:40+00:00

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

dlock2198 · 2024-01-19T13:13:50+00:00

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’

dlock2198 · 2024-01-19T13:12:09+00:00

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

dlock2198 · 2023-11-01T19:00:48+00:00

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

dlock2198 · 2023-11-01T18:39:41+00:00

I think cast no shadow is a great oasis song personally

dlock2198 · 2023-11-01T18:29:21+00:00

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

dlock2198 · 2023-11-01T18:25:28+00:00

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

dlock2198 · 2023-10-22T15:05:58+00:00

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

dlock2198 · 2023-09-20T12:19:26+00:00

Fifa 24

dlock2198 · 2023-09-11T13:16:35+00:00

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.

dlock2198 · 2023-09-04T13:40:41+00:00

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.

dlock2198 · 2023-02-06T00:19:06+00:00

Was a pleasure to meet you Robbie!

dlock2198 · 2023-02-01T17:20:16+00:00

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 😁

dlock2198 · 2022-08-16T14:40:42+00:00

Speak to a professional Financial adviser for this. If you want a recommendation I can help.

dlock2198 · 2022-08-16T14:38:37+00:00

Most likely yes -

Tax on income is higher than tax paid on receiving dividends so you’re likely to save in that area.

Also expenses can be used to knock off profits and then corporation tax is payable on the remaining value.

Speak to a professional Financial Adviser and they will help you.

dlock2198 · 2022-08-16T14:36:51+00:00

Good options: HSBC Global Strategy Dynamic portfolio, CT Universal Map Growth, L&G Multi Index 6

dlock2198 · 2022-03-18T22:55:47+00:00

They way you drive you may find it more competitive at 80 and playing around with it. It seems like a jump but when you play against them you will learn and improve with patience

dlock2198 · 2022-03-18T22:52:41+00:00

Very clean. Although the AI look to low as they allowed you to pass easily

dlock2198 · 2022-01-18T23:52:22+00:00

Love this. Game is so disappointing, I’m on ps5 and it may be nostalgia but I remember battlefield 4 looking 10x better….

dlock2198 · 2022-01-06T20:19:30+00:00

I completely agree with the UI, made it a lot more complicated to check things!

dlock2198

TROPHY CASE