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Gate & Gazz lol . I av to tune in fink i'm addicted.
SUFCESSEX
“This chat board attracts some strange people IMHO”
You’re not wrong shrimper. The most odd being the SNP ones, Labour supporters and rabid Remoaners.
Long term
You get a lot of hate thrown at you on here
You a very clever man IMHO
You know me too well and my Lloyd's Banking Group history .
Yes even at 43p I am doing ok here .
In 2010 my original average was 52p ;-)
Hahahaha
“Hopefully we stay low for a few more years”
Looking at Landlord Lloyd’s SP graphs over the last 2 or 3 decades, you’ll get your wish!
A distinctive downward long term trend, but Mr Nunn and fellow board members will make a profit, by selling their free shares every March.
Long term
Hopefully we stay low for a few more years :-)
Suf
''Today 650,000''
that must have brought your average down a bit in the current cycle of Lloyds investment.
about 56p ?.
your average would be a lot lower if you included profit from previous cycle/s of Lloyds investments.
Pic
'' over 5% extra shares this year to help future compound growth ''
plus an improved percentage ownership on top, courtesy of the buyback for cancellation.
Good luck with the longer term
''similar to some companies operating DRIP schemes for shareholders''
should read 'SCRIP' - got distracted with the drip rns
“Maynard Keynes was a very clever man, having never invested in Landlord Lloyds.”
Agreed.
Maynard Keynes was a very clever man
Helped the Country pay off our second world war Debt to USA
Them yanks help never come cheap
Anyway love the saying " compound growth " is the eight wonder of the world
Love it
Honestly in December 2019 I had 540,000 Lloyd's Banking Group shares
Today 650,000
Really without really putting more money in here on top of my dividend income ;-) top ups
All good things come to those who wait until life
I stuck this week's divis back in here at about 43p, and April's 1.6p at about 45p. Hardly a stellar return, but over 5% extra shares this year to help future compound growth - "the eighth wonder of the world" (Maynard Keynes).
Well Chirantan Barua, CEO, Insurance, Pensions and Investments interim dividend reinvestment bought 3 shares! 🤣
Oh dear - more complaints from the usual suspects?
https://www.lse.co.uk/rns/LLOY/directorpdmr-shareholding-9b72bawx1h0snv8.html
"Would I pay tax if I transfer it to a sipp"
No you would not pay tax transferring to a SIPP but check with Scottish Widows if they have any exit fees for transferring out from them.
"I am assuming I can drawdown on it and pay the tax on it, if I opt to do that will the fact I will get 50k"
I did drawdown on a pension with £64k, I took the money over two installments, over two years, with the tax relief split across installments, that was the most tax efficient way for me to drawdown within the scheme rules.
''could you transfer it into a SIPP''
good idea- some say that the likes of LBG is being undervalued by the market
Would I pay tax if I transfer it to a sipp
It looks like people giving advice/suggestions on a not very clear post (not clear to me anyway)
Thanks for the reply, I’m not 100% sure it’s frozen but it hasn’t made a penny in 3 years, I am assuming I can drawdown on it and pay the tax on it, if I opt to do that will the fact I will get 50k , will that take me over the higher tax bracket and mean I have to higher rate tax?
"Can anybody suggest a tax efficient way to get this 62k working for me?"
I'm not a pension or financial advisor, but could you transfer it into a SIPP and decide where the money's invested?
GB
''yet you support the issuing of more.''
pathetic GB
most normal people would be happy for employees to be able to save money to purchase shares in the business of their workplace giving a possibility to make a bit of profit to supplement their salary.
Also paying some salary in shares instead of cash is similar to some companies operating DRIP schemes for shareholders
Gazza
Its called Valuing hard working Staff ;-)
If you have already taken your 25%, you presumably have started drawdown with the rest ? If you’re putting 40% into your work pension now, you will only get tax relief up to £10,000 of your contributions.
Why would your pension be frozen ?
We just needed to pay TATA £500 million to stick around in the UK.