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Your not invested then ?
Thanks Luke, to confirm that's summed across all pension pots, sipps and company pots.
13th Monkey / DRS You're correct re ISA limit.
Lifetime allowance (LTA) is £1,073,000 and is set to increase in line with inflation in future tax years (assuming they don't change the rules again).
In defined contribution (DC) schemes such as a SIPP, the valuation for LTA purposes is simply the fund value.
In defined benefit schemes (DB) / final salary schemes, the valuation factor is 20:1 based on the pension that comes into payment plus the value of any lump sum taken on a 1:1 basis.
The 16:1 factor mentioned is for annual allowance. Which is the amount you can contribute each year without incurring a tax charge although bear in mind carry forward and tapering...... absolute minefield. Ps. i'm a chartered financial planner
Profit00, with the utmost of respect your assertion could not be more counter-intuitive. We know from REACT-1 the positive swab rate is extremely low relatively in the general population. Indeed 54/160,000 were positive in July-August cohort and 136/152,000 were positive in August-September cohort. Yes those figures are correct!
A reliable home test would not in any way cause a 'rush' on repeat confirmatory testing. Quite the opposite, it would massively reduce the burden by several orders of magnitude as evidenced by the above because the home test would (if negative predictive value good enough) mean those testing negative at home needed no further input or resource. A tiny fraction (those that tested positive) would need confirmatory further testing in a lab.
A reliable self contained home administered test would hugely de-stress the central labs and is absolutely the ongoing desire of all health systems.
All the best,
Chiron
Have a look at table 1-
https://www.imperial.ac.uk/media/imperial-college/institute-of-global-health-innovation/public/Resurgence-of-SARS-CoV-2-in-England--detection-by-community-antigen-surveillance.pdf
Dummy sell all my stock for 159
DRS1, correct, right now ISA is unlimited once you've dripped the money in at 20k a year, sum of all pension pots is limited to just over £1m, with (I believe) final salary calculated at 16x yearly value (not sure which yearly value, current year or year at first drawing, nor am I sure when that is assessed, at any point, or point of drawing)
Rourkes - there is a cap on annual investments into ISAS but on on the overall value. There is a lifetime cap on Pension Funds. Please correct me if I am wrong.
I think so too codejunkie. Right now we are seeing the Warren Buffets dictums play out - fear shaking out a few holders and impatience shaking out others. The full valudation and market release of the lft is indeed taking time but in that time we have had many signs that its going to be a much bigger opportunity than most might ever have imagined.
...Also, tha Avacta LFT will be the only one available for true home testing. The rest of the tests all require medical assistance, as they don't have certifcation for end user use. So if the governement want to test the whole country multiple times,, the Avacta test IS the answer. And if they have to wait until I's are dotted and the T's crossed to get that, I'm sure they think it will be worth the wait.
I'm sure the issue will be production volume. Plus, I think I'm right in saying, that the final testing for approval has to be done from a production batch so I guess the main hard work is probably done.
When it pops off the production line, this is going to be a rocket. A ready made market
Thanks RD - I sold some slow movers in my SIPP and moved the proceeds into AVCT. I'll be drawing down in the coming years. Thanks AfamaMan, my ISA is loaded too. RK - I just don't see a better "bet" than AVCT right now and am excited about the pre|Cision opportunity for 2021 too.
Yeah it could 5 or even 10 x just on covid. For that reason I am trying to shift more of my holdings to isa
Diplomat65, I don’t think you will have to be patient for a solid return.
People keep asking why I am so positive.
Let’s put this in perspective.
Bank account gives 0.01% interest
Investment account gives 0.25% interest
Average fund gives 5% annual growth
Fundsmith an ‘A’ star fund will give 20% growth
Avacta has seen growth of 683% in the last year.
This is nothing when in a years time we could have a share price between £4 to £20!
I think a little patience for one of the most important Covid19 testing products coming to market is going to be massive.
Cheers Rich
Be careful though - you might hit the life time cap
Decided to take full advantage of this artificially low price and moved the bulk of my SIPP into AVCT at an average of £1.58. Now holding over 120,000 of these golden tickets and looking forward to the inevitable rise. Patience is key here and I see myself as a very patient LTH. GLA.