The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Hi IP, government allows first £30,000 of a redundancy payment to be tax free.
After that some companies will spread further payments across the following tax year, so for instance if there are no earnings another £12,500 could be tax free.
Other options if companies are willing is to use pension tax free allowance. This is usually £40,000. This can be back dated over three years, so if you have only unused £30,000 of that allowance over last 3 years, a company could put up to £30,000 of pension payment into pension pot as a tax free lump sum. I believe this is what Joe has done with £18000 of his redundancy (30,000 tax free refundancy, 18,000 tax free lump sum in pension pot)
Hi Jo e- I don’t know what financial advice you have had - I’m not a financial advisor.
I don’t know how far you have gone BUT
my understanding is if you take tax free allowance from one pension, all your other pensions you have need to be valued at same time and the 25% tax free allowance is fixed at that value. My understanding is at this point your tax free pension allowance is limited to £4000 pa rather than £40,000.
If you have new funds and still working you might want to get advice. I’m not 100% but I’m pretty sure this would be the case. Impact might be your tax free lump sum from other pension pots will be / should be limited based on date of first withdrawal & your allowance is now on £4,000. Last thing you want is tax man to back date these numbers after you have retired, if you continue to claim £40 000 allowance from your new schemes
Obv do your own research but that’s tlwaht I think, not that any of this is my business !!!
£48 total - 30,000 tax free &. 18000 in to a pension pot using standard pension tax free allowance (40,00 pa) can be back dated .
Nice if you can get it !!!!
It is difficult to understand how BT can loses circa 55,000 people with these terms over next decade?
The lunacy of Brexit will continue to have a negative impact.
First instance, the same lunacy provides us with people in power who shouldn’t be.
Second instance, reduction in prosperity will impact all kinds of business, drive costs up, reduce work forces & make UK less likely to see investment, impact consumer spend.
UK is close to becoming a country on the “attacks” him rights, rather than “protects”. This is not good for business outside NK, Russia or China.
You conclude society has gone mad, because of a question, on a form, no one cares whether you answer or not or that someone else may like to ?
Please explain, why you would care so much what other people might like to participate in?
Mandy (lil Rod)
I don’t think you’ve been unfair to me at all. I’m not likely to take things personally as others seem to? It’s a very sad state of affairs to find a bunch of cults unable to se the funny side. I’d say your CWU fixation might be a little out of whack but most other opinions seem reasoned to me. I can see your repetition is nothing more than a parody of some posters.
Proved right by the market every day Mandy (lil Rod). I hope someday you’ll be wrong.
Unbelievable how everyone gangs up on you, when we have a confirmed despicable, low life stalker openly operating on this board (just waiting for him to realise how close he lives to me).
Obviously I wouldn’t bother checking old posts (too sad) , but I would wager your opinions haven’t been shared anywhere as many times as the dividend top up cults!!! (Did I spell that right?)
I find your posts very amusing and a welcome relief from the unleavened diet of optimism, in the face of market reality.
I hope for a change, right now you are more right than other posters. IMO. I cite share price as my evidence.
Fleecy - when I refer to bad math. I’m referring to calculations that sometimes leaves out anything which doesn’t support your position.
I think lil rod has picked up inflation, I can think of other examples.
So for example a SP drop of 20% ( say £40,000) is not offset by a 7% div, which will fluctuate, depending what price shares were bought at (could be 7%, could be 3%) depends on average price & then that divi is subject to inflation etc etc etc.
I do agree BT should see costs removed over the next 10 years, but competition and technological changes along with consumer & business preferences can easily eat away at that. Planting oak trees for the Royal Navy seemed like a great plan, before it wasnt !!!
NDN - I’d like to think most people on here would understand personal information belongs to its owner & no amount of pathetic psycho babble justifications would change the fact that stealing someone’s personal information and then using it to try and bully / intimidate them online or worse is anything other than the lowest of the low, beyond scumbaggary.
Luckily I don’t have too much to hide, it obviously has an impact, but for other victims it can be catastrophic, but I’m guessing a pompous ass like you, someone who feels entitled to invade other peoples privacy and right to anonymity is okay.
Hey abject. At least lil Rod and me don’t associate / get drawn in / side with the resident stalker on this board.
It’s funny you think you would be on the right side of this little split knowing that.
I see lil Rods repetition of his views as a parody of the un ending repetition of Fleecys investment strategy & reasoning & his un-questioning followers & then their blind attacks / recriminations against anyone who dares to think about risks / down sides / discussion points.
To be clear, I don’t have an opinion on people individual investment plans, I think this is an individuals choice. My issue is the unending repetition, the 101 explanations and bad maths used to justify them. I think this might be called an echo chamber (by interweb experts). It’s sounding more and more like financial advice to me & would hate for someone to be brain washed by it
Mean while as lil Rod continues to point out the share price is what it is & this is dismissed by the “cult” as hocus-pocus.
Obviously no one knows who anyone is on this public board (unless NDN has stalked them).
I would simply advocate caution & an environment where proper discussions are possible without cultish group think.
For all lil Rods writing, I think this is his underlying Christmas present to you, along with his continual renewal / resurrection via different usernames!!! Praise be
Good job too lil Rod. Opening files like that can lead to all kinds of personal information being harvested from your machines (NDN will be very interested in that). It’s a filthy business not respecting someone’s right to privacy. Makes you wonder what other taboo’s that kind of entitlement would override. Doesn’t bear thinking about.
Anyway, he has no class lil Rod, discussing personal financial details on this board is so, base. Of course, never know on a public board whether it’s fantasy, bragging or stupidity? Which of course is the point.
With all the noise about digital voice, especially now the daily mail has got involved, I’m starting to wonder if our hopes and dreams of a TDM (old school networks) turn off might be delayed & costly?
I know this sounds like blasphemy to some, but we will continue to call it individual thought, rather than falling in behind these herdy cults!!!
like to thank you for cheering me up this year with your joyful leg pulling, whilst most posters think you are being serious. I’m afraid I don’t see a takeover, but love to be proved wrong, I would sell my holding too & move on.
Recession coming next year, I suspect we will need to hold through that too.
Prime - does Drahi have many options?
If you believe reports, he is in trouble, although if financial conditions can change quick enough, he might be able to hold out, although allegations might poison his ability to do deals?
Fleccy - you, like me have just watched Drahi accumulate significant share holding without hardly creating a ripple…..
Not sure why I’m discussing something I don’t think will happen, but, if it did, my guess is Drahi is out, needs cash & likely to sell shares, to either a hedge or DT. Either way I’m not sure he will get a good price.
From there, it’s could be a skip and jump towards action.
It seems clear to me once you have Drahi shares, it could be possible to very quickly exceed 50%. +. The trouble a majority holder could do on the board wouldn’t be good, even if that turned out to be DT, who I don’t think are ready yet either
Because BT’s current value is £1.25 per share (ish)
There are enough shares held by major player to force BT boards hand. At these valuations £2.50 might be the upper end of what gets paid maybe, this being one of the reasons I doubt a bid is coming or would be taken seriously.
It’s just my opinion. A buyer still has plenty of head winds to refer to.
For purposes of bidder, debt will be £19bln, pension deficit will be 3-5 to 7 bln. It’s why SP is where it is, I can’t see a bid taking too much of a different view right now.
Love to be proved wrong. I would consider £2.50 anyway.
Hey Jake - sure I thought I had spotted something there. Share price looks okay (hopefully). I did wonder whether the shorter last week knew something about this, but looks like I was wrong. Good news, very happy to be wrong