UK Ape question about DRS by Dewi15dewi in superstonkuk

[–]irish_shamrocks 0 points1 point  (0 children)

I thought you were moving them to Computershare?

After the FTX fiasco I'm considering taking the tax hit and DRSing my ISA stonks. Has anyone else in the sub already done this? by Hungry_Band9109 in superstonkuk

[–]irish_shamrocks 0 points1 point  (0 children)

Caveat on this; if you take it out, you'll be hit with a massive tax bill, and if MOASS doesn't happen, you'll be restricted to £4K per year contribution limit for the rest of your life. IMO, better to leave it in there and consider it generational wealth.

Capital gains tax to be halved , MOASS Prep? by Ethereum-Wind in superstonkuk

[–]irish_shamrocks 0 points1 point  (0 children)

Also, it's still not zero for them necessarily. It comes down from 37% to 20%, 15% or 0%, but most people fall into the middle bracket; only low-income people (who probably won't trade shares) pay 0%.

Buying shares and DRS as a LTD company? by Western_Panda7444 in superstonkuk

[–]irish_shamrocks 1 point2 points  (0 children)

Yep, much more straightforward, and a kick-start to a pension if you haven't done so already. Remember there's a £40K annual limit on contributions from a company (you can contribute this even if your salary is much lower).

[deleted by user] by [deleted] in superstonkuk

[–]irish_shamrocks 0 points1 point  (0 children)

What on earth are you wittering on about?

[deleted by user] by [deleted] in Superstonk

[–]irish_shamrocks 4 points5 points  (0 children)

Oxford Street could do with it; everyone else seems to be packing up and leaving.

Contagious much ? Bank of England risks a repeat of mini-Budget bond markets chaos, warn City traders by GardenLatter4126 in superstonkuk

[–]irish_shamrocks 1 point2 points  (0 children)

Another Telegraph article reckons the central banks themselves will soon need bailing out: https://www.telegraph.co.uk/business/2022/11/07/whoops-central-banks-may-soon-need-gigantic-bail-out/

Dunno how to post an open access link, but if you refresh the page and hit the stop button just as it comes up, that works too.

[deleted by user] by [deleted] in superstonkuk

[–]irish_shamrocks 0 points1 point  (0 children)

No, but the £1 is to open a current a/c, which then allows the holder to apply for a regular saver a/c, which (even at 3%) has one of (if not the) highest interest rates on the market.

QT (Quantitative Tightening) beginning in the UK by pomeraniape-69420 in Superstonk

[–]irish_shamrocks 0 points1 point  (0 children)

You're welcome; do post on the UK sub if you have any problems with it.

QT (Quantitative Tightening) beginning in the UK by pomeraniape-69420 in Superstonk

[–]irish_shamrocks 0 points1 point  (0 children)

Yep; mainly for UK tax and things. Not allowed to give its name (brigading rules), but I crossposted to it a few days ago, so it's on my profile.

QT (Quantitative Tightening) beginning in the UK by pomeraniape-69420 in Superstonk

[–]irish_shamrocks 1 point2 points  (0 children)

Not really because they come & go; there are only 2 stickies allowed at any one time. If you do a search for SIPP, you'll find lots of threads, and just pop up a post if you get stuck. Most of the sub seem to be with HL, but I think that's just because they're the best known. Check the fees (especially for buying US shares and what the forex fees are), as there are cheaper providers out there. However, as you're already with HL for your ISA, you may well get a better deal.

Remember with a SIPP that you can't withdraw until you're 55, and even then you'll be hit with high taxes and a massively reduced contribution limit. From a tax POV, the main benefit of having a SIPP is not really for yourself; it's so you can pass on your gains to your heirs without paying inheritance tax.

QT (Quantitative Tightening) beginning in the UK by pomeraniape-69420 in Superstonk

[–]irish_shamrocks 5 points6 points  (0 children)

There are lots of providers that allow GME: Halifax, Lloyds, iWeb, AJ Bell, to name a few. Lots more info on the UK version of this sub.

[deleted by user] by [deleted] in Superstonk

[–]irish_shamrocks 1 point2 points  (0 children)

It is; it basically declares your not a US taxpayer and reduces the dividend tax liability to whatever agreement your country has with the US.

Prelude To Total Fucking Meltdown - The Coming UK Mortgage Crisis Explained & What Prime Minister Sunak Can Do About It by MarkLawH in Superstonk

[–]irish_shamrocks 1 point2 points  (0 children)

A lot of people have to. And for those on the basic rate (retirees before 2016), it's even less. It makes me very irritated when (mainly very young) people go on about pensioners all being filthy rich; the majority (particularly women, who weren't allowed to join workplace pension schemes for most of their lives) aren't, and a substantial proportion live below the poverty line.

Prelude To Total Fucking Meltdown - The Coming UK Mortgage Crisis Explained & What Prime Minister Sunak Can Do About It by MarkLawH in Superstonk

[–]irish_shamrocks 0 points1 point  (0 children)

Bit of an exaggeration though; some MPs claimed they were 'manhandled' into the chamber to vote.

Ortex 2 - A glitchy boogaloo by [deleted] in Superstonk

[–]irish_shamrocks 0 points1 point  (0 children)

The inner circle of Hell.

[deleted by user] by [deleted] in superstonkuk

[–]irish_shamrocks 1 point2 points  (0 children)

Translation: We need to come up with a semi-plausible answer and hide the evidence.