tony13579

Run away! I did. Im much happier. There is life outside.

Shame I retired. I had an A0 printer at work. It popped its clogs just before I left too.

I wonder how safe the Portsmouth City Council money is.....

"Redknapp's Moviesta wins at Goodwood Moviesta, part-owned by QPR manager Harry Redknapp, wins the King George Stakes at Glorious Goodwood. Read more: http://www.bbc.co.uk/sport/0/horse-racing/23545092" I wonder what HMRC would find if they searched for accounts named Moivesta?

Reply your Gordon Brown and you want an airline ticket back to Scotland

It is to avoid people slipping their employees shares rather than wages and tax. If they are giving you USA stocks, do you have to pay tax on them immediately? Probably not... can you be paid them/hold them in the USA feed them back In a tax efficient way. Is US tax lower than the UK? The SIPP plan only works if it is income tax you are paying http://www.hl.co.uk/pensions/sipp/what-is-a-sipp

Are the stocks immature or are tradable on the open market? if they are not tradable you might have to pay tax on them just to receive them. I would be cautious about holding them for a long time. Businesses have a natural cycle of start-up, struggling expansion, steady growth,flat line, decline, takeover or bust. For electronics and software companies these are far more compressed. You need to research your own company, see where they fit into this cycle. How long other similar companies last.

Whilst BP is a uk company , I suspect the defective work was done by USA contractors?

It appears the government will change the rules next budget (too late) but there is mention of a 60 day window It describes the current legislation as a "bramble patch" https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/198440/ots_unapproved_employee_share_schemes_final.pdf

I think I understand now. As it is a non HMRC approved scheme you are hit for tax and national insurance and CGT. One option; Possibly you could pay any CGT put the money into your pension via a sipp and claim the tax back on your tax return You could not get any of the money until you are 55. You would get 25% tax free lump. The rest would be taxed as any other pension income.

I'm not sure what tax rate that is? Share option up to 30k pay CGT But not income tax or Ni https://www.gov.uk/tax-employee-share-schemes/company-share-option-plan You should get £10,600 each capital gains tax allowance? I wonder if there is a window of time where you can transfer them A . between you and you wife B. into an ISA

This could be boring for some. However others may have lost all their child benefit. This could get it back. Also sorting out your pension is worth it. It's the difference between cruising to the Caribbean in your old age and being stuck with Sun £10 holidays in Shanklin. I have limited knowledge of share options. I made £52k on a 18k investment. I would need to see the scheme paperwork. Are the shares, your money at market risk? Is the money out of your pre tax wages? Or is it a share save scheme where you buy the shares at the end of the saving scheme? I have seen employee shares loose 80% of their value. if your job, pension and money are tied up in one company that is a huge risk. I am not a financial advisor, just done my own research on the bits that affect me and my family.

I fully respect his stance. Wonga's business model is charging huge interest rates to people who 65%+ are financially illiterate and can't afford the huge interest charged. Barclays customers are broadly financially more capable and can afford the loans. Even gambling is fine in my book if it is within limits. Ie going out with £75 entertainment money, when it's gone it's gone. Is no different to me than blowing £75 on a meal and booze. As for the religious link, how many people get married in a church who never attend church? then get divorced after 7 years? For the record I chose to get married in a registry office, I won't buy BAT shares and I wouldn't wear a wonga shirt. I didn't go to university and I don't play sport so I won't wear a college logo or sports logo shirt.

I did this example for my sister who has 4 children and her husband earns 60-70k paye and about 15k self employed. They have £85k mortgage on repayment terms. the paye job might end and all income would be self employed in partnership with my sister. He has 14 years until he is 55 and can draw his pension. Part of his income is self employed. They are trying to transfer some (all) of his income to her and avoid 40% tax maintaining enough income to pay a 85k mortgage, feed 4 kids 2 of which are costing a fortune due to county level sport commitments. My suggestion is to do a SIPP buying corporate bonds mainly as a sort of self invested endowment policy without the management charges. ( via H&L) at 55 this could provide25% of the pension pot to pay off the mortgage. Would this qualify as a "credible repayment scheme" for an interest only mortgage? If interest rates rise I would expect corporate bond rates to rise too. As well as paying the mortgage this builds a significant additional pension pot of £255k for £14k in their situation by saving tax & reinstating their child benefit (x4) it also is tax efficient if he dies. I would appreciate any fine tuning, ------------------------------------ Proposal: Change your mortgage from repayment to interest only Invest in a pension, use the 25% tax free lump to pay the capital off at 55 years old I am assuming lots of things. 85k mortgage. 3% interest rate. 6% compound intersst earned on your pension pot. Child benefits will reduce as they leave education. There are plenty of good bonds paying 5.5%-8.5% ........6% is achievable The numbers are compelling Pay in to a pension £1000 costs 600 from your pay packet £85k costs£51k Interest incurred at 3% 2550 per year x14=£35700 £3900 monthly compound @6% = £85,000 ( X 0.6) There fore it costs £2340 on interest to cover the capital of your mortgage. 1/3 of your mortgage interest could be offset against tax As you can only get 25% of your pension as a lump sum you would need to put 4 times that sum in 9360 That is £780 per month. Offset by savings on your mortgage and getting child benefit back, tax relief on 1/3 of your mortgage interest Mortgage saving £408 per month (85k,3%,14years, repayment-interest only) Child benefit gained £262 tax saving about £28 £698 Actual cost to you £780-£698=£82 a month (£13,776 over14 years) Return= pension pot worth £255,000 after mortgage paid

How to p-iss off a frog

Re: bedroom tax I agree . It is not a tax. I totally agree that people who have severe disabilities and who are (by the way) eligible for a 1 band council tax reduction should be exempt from this spare bedroom penalty. To put this back on thread, if we were seeing true green shoots, we would not be kicking the poor and disabled in this way.

Recruitment agencies are placing more permanent staff.... Is that to replace all the temporary workers from overseas that have decided to leave this basket case country? Are the applicants people who have been intimidated by ATOS, ESA and PIP assessments? Not to mention bedroom tax.... Then there are people who have hoped to retire but find their 300k retirement pot only buys 10k per year. Oh, and that ever moving state pension date.... 60/65 is now 66/67 possibly with or without winter fuel payments and bus pass I still can't understand the raid on co-op bank bonds. co-op bank was downgraded by six points over the takeover of Britannia FOUR YEARS EARLIER. tax payers are safe, just steal from BOND investors (the word BOND has been ripped up under Cameron?) There has to be some wrong doing there! LloydsTSB were nearly sunk by the (labour) government twisting their arm to take over another bank. Then there is the forced split of Lloyds TSB. Customers can't choose which bank they are moving to unless they want new sort codes, account numbers. The stock market rocketed to near 7000 without justification and has now dropped nearer to 6000. I still don't see safe, stable investments. I can't plan my future, I still feel like I'm navigation between the rocks, volcanoes and icebergs.

I am sure they will win community club of the year!

I fully support genetics and stem cell research. The faster we can defeat MS Parkinson's Cystic Fibrosis and dementia, the better. There is already an imbalance and natural selection. The rich intelligent and beautiful already self select towards a designer baby. It doesn't really worry me!

RB, you missed a few urgent tasks Like build an academy File your paperwork with companies house Plan the communities club of the year swindle Plan this years charity bucket collection Plan next years USA tour to keep the players away from unfriendly media types.

I got 30k tax free on march 31st and the balance was deferred to the next tax year. Also I payed £1500 into the employee share scheme march 31st. I was thrown out of that scheme on leaving and got the £1500 back tax free.

My friend has an iPhone 3GS 16gb for sale at £65 its on O2 if that helps any one?

Is there anyone out there who has all the kit to access the tv aerial on the top of my chimney? (+ 6 foot? Pole) Those pesky crows have knocked the reflector off the back of the aerial and it's swinging around in the breeze. Location : Rownhams Tall chimney on the side of a bungalow Should only take 15 min Tony

Microsoft Security Essentials! It's free. It's designed for windows I have installed it on about10 machines owned by some of the daftest computer users and none have had any issues or viruses.

I don't quite get the emotional bit. I left work after 33 years. No tears. Just a big grin and a long list of things to do. 7 weeks in I don't know how I managed to fit work in.