Search results for:

... Lucky Voice next to Smithfield ... I then ran back home to Hackney Central

There's something about that place (Smithfield Lucky Voice) then. I ended up there after a friends party and decided to walk home to SW15. Took a couple of hours but I was considerably less hungover the next day because of it.

Exactly, was he born in the ground singing YNWA (33 years before Rodgers And Hammerstein wrote it)? No? Exactly. Plastic.

I think it's a quarterly profit riding on the back of quarters of losses.

If all you are doing is selling off old stock purchased in a previous (loss making) quarter and not getting much in then it's pretty easy to turn a profit.

you can use my premium bonds allowance for a 10% share of returns

Thanks but no thanks.

I'm just about to buy a new Linux laptop with 96GB RAM.

Ref: https://www.tuxedocomputers.com/en/TUXEDO-InfinityBook-Pro-14-Gen9-INTEL.tuxedo

for your benefit

Arguably it is ultimately for her benefit as, being our only child, she will inherit it some day.

Personally I don't think HMRC will worry too much about a single child's PB allowance being (ab)used. It's a small percentage of a larger sum that would be invested in other "completely legitimate" schemes that are tax efficient in other ways.

Premium Bonds have no interest. The prizes are tax-free.

I think cjr was referring to other investments which do pay taxable interest and, as you say, the legality of [investing your own money in a child's name] is questionable.

There is a question of ownership of the money you put in a child's account. Something similar came up on the MSE forums: https://forums.moneysavingexpert.com/discussion/6369801/bank-need-meeting-to-transfer-money/p1

If this became a problem (e.g. child gets a big win on PBs) then it'll be a nice problem to have. Otherwise I've removed non-insignificant chunks of cash from her PB account (e.g. £1200 to pay for a school ski trip) in the past without any questions. She could, of course, decide to use some of the money to pay off some/all of the mortgage of the house she's going to inherit anyway.

Am I guessing that if the lump sum is paying income tax

Nope.

bonus or shares of some kind?

I wish. I am a mere cog and not a big cheese.

Sorry for being obtuse or not grateful for the replies so far but I don't want to explain much more without making certain parts of my private life public. I've nothing to hide and there's nothing nefarious going on but I'm not very anonymous here (things have got better now that much of the forum is not googleable any more). My manager³ will probably have read this and has nothing to be concerned about!

Think of all the things that it could be (both good or bad) and then think why I might not want to have to explain the possible source of the money.

It doesn't matter how/why. Just what would/could one do, and what kind of rates would one expect, if one suddenly had £500k to invest for a 4 year period that wasn't YOLO/FAFO money.

Dead to me.

The plumber came round and fixed but nicked an electrical cable. As far as I'm aware, it still works but what fix should I expect the electrician to make when they come round later in the week?

If you're lucky the electrician will nick the pipe and you'll be back to square one.

I GIVE KERNING A BAD NAME 

Only if you believe that every single driver who runs a red light or speeds tarnishes every single other driver with the same brush.

I know I'm able to differentiate between twattish road users and mostly normal road users.

There's no such thing as collective responsibility.

Even if every bike rider rode perfectly within the rules many/most car drivers would still hate cyclists.

Have I understood this correctly from reading the last couple of pages that, basically, if you have a lot of cash in savings (ie much more than your ISA allowance) then it’s quite difficult to maintain its value and make it grow in relation to inflation, particularly if you’re a higher tax rate payer?

If you want low-to-medium risk then yes, although technically it's more that no-one here has owned up to achieving it, which is different from it being impossible because no-one here has achieved it.

It's definitely achievable at higher levels of risk although, obviously, you may end up not achieving this and could end up worse off.

Dyson's business plan is similar to that of printers. Instead of making money on the ink/toner cartridges they make loads on the replacement batteries. (They also make loads on the original purchase too as they're rarely heavily discounted like printers.)

LiPo (and similar technology) batteries have a limited lifespan and the typical usage in a vacuum isn't well suited to them in terms of frequency, power draw, charging cycles, etc.

I'd rather have the slight extra hassle of a corded vacuum cleaner than suffer the hassle/expense of batteries. And, personally, I'd never want to give that twat Dyson any more money.

(Miele C3 Complete #4lyf)

Scratchcards?

I like it. I'd write a book about it and/or make a film and then hope to make a few £££ off that too.

P.S. I get the back reference.

From your reference to the ability to park 150K in PBs you obviously have additional adults

One child so she can hold £50k of Premium Bonds too. Perfectly legal. Just have to cash out before she's 16yo otherwise she gets complete control (just checked this as I'd assumed it was 18). (It'd be slightly less than £50k in her name as she already has some PBs with money she has been given, that's not mine to fuck around with.)

As you say, ISAs could help with another 3 x £20k (or 6 x £20k if I keep a chunk for after 6th April 2025) but there would still be more than half of the lump left to deal with.

Edit: having thought about it a little, with a 4 year time frame I'd be looking at tax efficiency as others have said, and cash and fixed income for all or the vast majority of it.

Yes, that's what I'm saying too. I was asking if anyone has any specific advice/experience (especially with any "wealth management") rather than general "stick it somewhere that's tax efficient" advice.

No problem if no-one has any, didn't expect it and I may not end up in this situation but I'd like to have a better understanding of things in case I do.

Can you get 4% easily after tax? Even that's a bit tricky

Well, with these kinds of sums you're trusting things to a "Wealth Manager" who aims to get you >7% (highly dependent on your risk profile) for a fee that's in the 1-2% range.

I'm just wondering if anyone here has any experience of that and the figures they're seeing.

I'm not looking to make the investment decisions myself, paying someone who knows what they are doing 1% is a much better option.

Because reasons.

Golf club fodder here but whatever...

What kinds of rates would you be expecting to get, after tax, if you had £500k cash to invest for a 4 year period:

• low-to-medium risk - this is not YOLO/FAFO money
  
• Assume 40% income tax
  
• Happy for up to 80% of it to be tied up for the full 4 years, but would like to keep 10% available at 1 years' notice and 10% available within 3 months
  
  

4% after tax?

Premium Bonds could gobble up £150k of it and give ~4.1% tax free and is almost instant access but that doesn't cover the whole lot.

Many people use it as a filler.

Many people use it because they hear other people say it and think it sounds good.

But many people use it as a power play, e.g. "You don't really believe what I'm about to say but I don't think you have the balls to call me out on it, and if you don't call me out on it then you're tacitly agreeing with what I say."

Idk what I'd do now.

I used to have a spare set of cycle stuff in the office. The stuff that I rode in wearing and hadn't dried in time would then become the emergency set. Just takes a bit of organisation.

Also had a spare set of work clothes in my work locker in case I ever forgot to bring anything in with me. In ~15 years of working in that office the number of times I needed either was very low, but it was definitely non-zero.

Completely, I feel quite drained afterwards. And if done properly, you don't actually take in the game you've gone to watch very well because you're always looking across the line.

Yeah, I score for my daughters cricket team. That's 4h+ of having to pay attention to the umpires, the boundary rope, the fielders, the running between the wickets and unable to actually watch the teams batting/bowling. It's only when she plays for an older age group or another team she trains with that I get to sit back and actually watch.

Big shout out to all of the parents/volunteers that do this week in week out.

First half running the line (in many years) for daughter's U15 team. Takes a lot of mental energy to keep track of everything. Level with the last defender? Check. This is easy. Shit, who kicked the ball last as it has gone out, ref is looking at me. Will I trip over the dog that's the wrong side of the respect line? Oppo's knee was probably offside there but we're only calling it when it's obvious. Having to tell my daughter to stop trying to steal 10 yards on each throw (5 is acceptable). Etc.

avulsion fracture of the fibula

Heal well!

Had an avulsion fracture of the tibia (so the inside of the ankle not the outside) a couple of years ago. Just randomly happened whilst I was playing 5-a-side, went to change direction and just heard a clicking sound followed by mild pain. Minor injuries, x-ray, crutches for a couple of days, no boot. Rest for a few months and then gentle physio to get it stronger again. Was back playing 5-a-side 5 months later without any further problems with it.

https://www.youtube.com/watch?v=jEhhNqYkmAE