Member Info for _Mr_Big

"Back2Normal"?

zwart, what if it's Romanians offering £40 per share? With all the billions they stole from HMRC. Is that when your head explodes?

When I read "maneater" I imagine one of these weird German guys with a taste for human flesh.

To be fair to the guy, I think he got 2 out of 4 so far. That's much better than my code 1 bull****.

Even a broken clock is right twice a day?..

Talk to your GP first about getting it via MAP? Don't let them fob you off.

PS basically, client money is ring-fenced and treated separately from broker's own assets.
There are limited scenarios where some of your investments might be at risk (e.g. administrator fees in excess of broker's capital), but then you're covered by £85k investments protection scheme. This is separate from £85k deposit protection scheme for banks.
If you hold cash in your ISA, then I'm not sure if it counts as a deposit, and therefore, subject to deposit protection scheme. I don't think that's the case. If it is, then make sure you're not crossing over with your main bank, e.g. only one £85k deposit protection scheme covering cash in HBoS (LBG) and HDSL (also LBG).

Tatty - I don't think that's the case because of MIFID II? Client's assets are safeguarded.

I hate being an agnostic insomniac with dyslexia
Every night I stay up, wondering if there is Dog.

On this note, good night and lets hope for an NRS tomorrow.

martin - bg and ghia suggested withdrawals might be taxable, and afaik, that is incorrect (and makes no sense).
Perhaps, some confusion between SIPP and ISA here.

ISA confusion is getting out of hand...

Can somebody point me towards any current legislation that suggests that there's any tax liability arising from an ISA? IHT excluded. Because I really do not believe this is the case.

I didn't get that one, betting.
It's gains on your stocks that have been proposed to be re-classified from CGT to income. Or so I think...
BTL is a different animal.

AFAIK, Anything to do with an ISA is very far from being "horribly complex". It's all completely tax free apart from IHT. You never even need to declare it.

But since there is no IHT on AIM shares, I wonder if there is IHT on AIM shares held in an ISA. I guess not and one can plan around IHT (within reason), so shouldn't be a problem.

And yes, you can take out of your isa tax free.

Lol.

I think the implications of treating investment income as "earned" are not very black and white. Would that mean the income can be reinvested into a VCT for a 30% taxback? Invested into a pension completely tax-free (assuming, you are below pension age). Be transferred to spouse to utilise a potentially unused personal tax allowance?
Income from savings and dividends from investments will be falling into the same category as salaries I'd think, so should still be offsettable.

I think if HMRC re-classify investment income, they might be shooting themselves in the foot.

- What do we want?
- A cure for dyslexia!
- When do we want it?
- Own!

Ahahah. This guy is definitely joking.

" they are potentially looking to tax any profits from investments at an individuals normal tax rate and not just the straight forward CGT current calculation"

And since a lot of (most?) people lose money on the stock market and will be able to offset their losses against their income tax, how is that going to work out for HMRC?

I assume you are joking.

zwart. first you say don't declare your CGT. Then you blame foreign criminals and suggest that closing the border will resolve the crime problem in the UK.

Really?