Search found 43 matches

by TedSwippet
January 17th, 2017, 11:58 am
Forum: Brokers and Share Dealing
Topic: New iWeb account fee reduced
Replies: 25
Views: 535

Re: New iWeb account fee reduced

I dread an 'improved' interface. 'The devil makes work for idle hands' seems to apply in spades to IT whizz kids! Me too (and for exhibit A of idle hands, look no further than Microsoft Word!). For assorted reasons I have accounts with both iWeb and Lloyds sharedealing direct. They are visibly the ...
by TedSwippet
January 15th, 2017, 10:15 am
Forum: Brokers and Share Dealing
Topic: TD Regular Investing
Replies: 24
Views: 699

Re: TD Regular Investing

GeoffF100 wrote:They have just massively increased their charges for some people, without offering a free transfer out.

...for the second time.
by TedSwippet
January 10th, 2017, 7:02 pm
Forum: Taxes
Topic: Defuse capital gains using Bed & ISA?
Replies: 20
Views: 344

Re: Defuse capital gains using Bed & ISA?

I believe that a "substantially similar" security is defined in fairly precise ways so that it doesn't lead to endless litigation. The actual term the IRS uses is "substantially identical". It has never been defined at all , either loosely or precisely. The IRS is happy to tell ...
by TedSwippet
January 10th, 2017, 4:35 pm
Forum: Taxes
Topic: Defuse capital gains using Bed & ISA?
Replies: 20
Views: 344

Re: Defuse capital gains using Bed & ISA?

The real loophole, in my opinion, is that you can sell one security and buy a near identical holding the same day, and not fall foul of the 30-day rule. Loophole? No, the real issue is that the 30-day rule is nonsense that has no business existing. :-) Everyone has an annual capital gains allowance...
by TedSwippet
January 10th, 2017, 4:23 pm
Forum: Polite Discussions
Topic: Jeremy Corbyn [lol]
Replies: 39
Views: 638

Re: Jeremy Corbyn [lol]

However, is the principle of a maximum pay multiple worth considering between the lowest and highest paid employees of a company? Could be, although it's hard to know if this is what Corbyn is talking about here. 'Salary cap' could be precise thinking articulated in a muddled way, or muddled thinki...
by TedSwippet
January 9th, 2017, 7:03 pm
Forum: Brokers and Share Dealing
Topic: Barclays
Replies: 66
Views: 2022

Re: Barclays

So I'd expect ii to be more expensive for anyone in my situation, and the imposition of charges on my two TD accounts, which currently operate at no cost to me, is a concern. Conversely, I'm a happy II customer, and a move to TD's charging model would push up my charges by close to an order of magn...
by TedSwippet
January 9th, 2017, 3:31 pm
Forum: Brokers and Share Dealing
Topic: Barclays
Replies: 66
Views: 2022

Re: Barclays

Given that TD has many more customers, accounts and assets, and given that its software and interface is superior, I'd personally be stunned if ii tried to shoehorn all the former into their inferior product, thereby driving away TD clients in droves. Conversely, TD's and II's charging model is sig...
by TedSwippet
January 4th, 2017, 9:36 am
Forum: Brokers and Share Dealing
Topic: Diversifying across brokers for FSCS
Replies: 16
Views: 499

Re: Diversifying across brokers for FSCS

With a major bank behind the ISA provider, I consider the risk to me minimal, if not non-existant. Minimal perhaps, but not non-existent. From the FCA: Barclays fined £38 million for putting £16.5 billion of client assets at risk Press Releases | Published: 23/09/2014 | Last updated: 30/08/2015 Bar...
by TedSwippet
December 20th, 2016, 9:11 am
Forum: Legal Issues (Practical)
Topic: US pension contributions
Replies: 11
Views: 527

Re: US pension contributions

For a nonresident alien* the US estate tax starts at $60,000 in US sited assets. The $5.45 million mentioned above is for world wide assets for a US citizen or (US) resident alien. Assuming assets are below $5.45mm there should be no US estate tax issues here whether or not the OP's son was a 'non-...
by TedSwippet
December 18th, 2016, 5:01 pm
Forum: Retirement Investing (inc FIRE)
Topic: Approaching LTA with DC pension
Replies: 12
Views: 590

Re: Approaching LTA with DC pension

I do plan to crystallise as soon as possible and can debate whether to go 100% or back off to (say) 90% at that point. One additional thought here on the tactic of waiting for a possible market dip so as to duck in under the LTA: after taking (say) 90%, you would need a much larger dip to avoid LTA...
by TedSwippet
December 18th, 2016, 11:51 am
Forum: Retirement Investing (inc FIRE)
Topic: Approaching LTA with DC pension
Replies: 12
Views: 590

Re: Approaching LTA with DC pension

...All grow at the same rate. But because the LTA is a fixed value, once the aggregate pension pot rises above the LTA threshold all of the growth from the PCLS and drawdown components flows into the excess component. I should probably nuance this slightly. "Growth" here is real growth, e...
by TedSwippet
December 18th, 2016, 11:22 am
Forum: Retirement Investing (inc FIRE)
Topic: Approaching LTA with DC pension
Replies: 12
Views: 590

Re: Approaching LTA with DC pension

Your numbers look about right to me, though you should double-check the UFPLS case elsewhere. I've only looked very briefly at that since it's not something I'm going to use. As for actions once past the LTA, you could probably make good arguments for either of your options. On the one hand, the who...
by TedSwippet
December 17th, 2016, 8:38 pm
Forum: Retirement Investing (inc FIRE)
Topic: Approaching LTA with DC pension
Replies: 12
Views: 590

Re: Approaching LTA with DC pension

How does it *actually* work? When does the money get taken from my pot? Is it when I crystallise and does it depend on whether I go for PCLS and drawdown or UFPLS? Your pension is measured against the LTA on any BCE. This paper from Intelligent Pensions and this one from Scottish Widows do a reason...
by TedSwippet
December 17th, 2016, 7:02 pm
Forum: Retirement Investing (inc FIRE)
Topic: Approaching LTA with DC pension
Replies: 12
Views: 590

Re: Approaching LTA with DC pension

I have never had >£1M in my pot so haven't been able to apply for any protection. That's not really true. Although you may never have qualified for individual protections, you could have applied for any of the fixed protections, but only at the (perhaps prohibitive?) cost of no more pension contrib...
by TedSwippet
December 12th, 2016, 9:33 am
Forum: International & Expat Investors
Topic: International ExPat investors [topic in lieu of it's own board]
Replies: 20
Views: 527

Re: International ExPat investors [topic in lieu of it's own board]

I'd like to think that bilateral tax treaties ensure that all foreign pension plans are not taxable until you actually withdraw from them. Not so, unfortunately. The US/UK treaty is now one of the better ones for handling pensions, but even here only since 2003. Before that, income and gains realis...
by TedSwippet
December 11th, 2016, 10:50 pm
Forum: International & Expat Investors
Topic: International ExPat investors [topic in lieu of it's own board]
Replies: 20
Views: 527

Re: International ExPat investors [topic in lieu of it's own board]

I am not aware of any requirement for a UK resident to declare an offshore account. I wasn't either. But I have just exited a one-month HMRC 'compliance check', really an investigation, covering my 2014/15 self assessment return, and one of the things that came up was my US 401k retirement plan. I ...
by TedSwippet
December 7th, 2016, 9:50 am
Forum: Legal Issues (Practical)
Topic: US pension contributions
Replies: 11
Views: 527

Re: US pension contributions

djj37 , so sorry to hear of the situation you find yourself in here. Bureaucratic hassles with the US will be the last thing you should have to deal with at this time. I do not have much to add beyond lootman 's suggestions. One thing that might make a difference is in which country your son died, ...
by TedSwippet
December 6th, 2016, 9:18 am
Forum: Passive Investing
Topic: Global ETF Portfolio
Replies: 6
Views: 613

Re: Global ETF Portfolio

I have seen reference to the tax status of some ETFs (possibly US ones?) but I don't fully understand it and, as this is to be held in a SIPP, I'd appreciate if anyone can shed light on that point? There is a niche advantage specific to pensions. By switching from VUSA to VOO you might be able to s...
by TedSwippet
December 5th, 2016, 3:08 pm
Forum: Brokers and Share Dealing
Topic: AJ Bell - FOS complaint
Replies: 23
Views: 1059

Re: AJ Bell - FOS complaint

simoan wrote:..."revenue neutral" indeed, do they take us for complete idiots?

Yes.
by TedSwippet
December 2nd, 2016, 4:19 pm
Forum: Brokers and Share Dealing
Topic: AJ Bell - FOS complaint
Replies: 23
Views: 1059

Re: AJ Bell - FOS complaint

ps - my complaint was put in very quickly as you suggested. I doubt anyone was quicker. With hindsight, maybe its best not to be first. First of this latest tranche, perhaps. But don't forget that there were several complaints made to the FOS in late 2013, when AJ Bell pulled the same stunt. I don'...

Go to advanced search