Member Info for Bellers

I’ve done another 50,000 to kick the New Year off. Whist people are throwing money at Stephan to develop it then I’m happy to keep building. It may never set the world alight like precious metals but to me it’s like “a money in the bank share”. Stable, no wild fluctuations and a possible 5 /8 bag from here?

Hopefullygold, There’s a far chance of securing all of that in Ibiza.🥳🥳🥳🤣

Thanks MFU. I started last year. Now I’m old I didn’t fancy leaving it until the last minute. I print off the transfer statements and put them in a folder. Executor will then have them all to hand. HMRC love all the detail. I rang them and they told me where to find the relative info. I’ve always found them extremely helpful, especially when you’re making it simple for them to get what they are entitled to.😊. I’ve always found it pays to be on the right side of them.

Jerry, you could be correct. I lifted this from the gov.co HMRC but it mentions 2024 tax year.🤷🏻‍♂️

Annual exemption

You can give away a total of £3,000 worth of gifts each tax year without them being added to the value of your estate. This is known as your ‘annual exemption’.

You can give gifts or money up to £3,000 to one person or split the £3,000 between several people.

You can carry any unused annual exemption forward to the next tax year - but only for one tax year.

The tax year runs from 6 April to 5 April the following year. 2023/24

You can gift £2,880 to a child each year tax exempt under HMRC present rules if it’s going in their sipp. I do it for my kids to invest in their GGP investment. This way it’s out of GGP for me and into it for them. No loss to the family, no loss to GGP as it’s recirculating the same money. If they place it in their sipp the HMRC add their contribution to make it £3000. I can’t see the point in waiting until the end of my life to start preparing in a mad rush. I do it via bank transactions so that I have detailed records of date, value, time and recipient to assist the executor of my will.

For me with 3 kids, if we didn’t pension transfer then it’s £1000 each as gifts. Obviously the grandchildren can have £9,000 into JISAs. Forward preparation years in advance allows me to see their future safety nets growing whilst I still live. The position is more difficult if you are sadly dealing with a terminal illness as the timeline makes it almost impossible. Early preparation is everything.

I wonder how much of the silver “ stored vat free” could turn out not to be there if the owners call it in and stand the vat? Some,none, all? I’m a proper nervous Nelly so I’ve always taken delivery of mine in hand.

Happy Christmas to everyone from us. 🥳. I’ve sent it now because I won’t be Sober until January the second.

Onthebottomrung. Bamps sold a few shares. I sold some the day before to book some holidays for the coming year. He may have done the same. Only Bamps knows that. I’m lost as to why he’s being vilified. Anyone who has met him knows that’s he’s a top bloke. Without him on here the board will be worse off by far.

Morning all. Just sat quietly with a coffee mulling over new the short position while I catch up on last nights posts. If, and it’s a big if, they MAY know something that we don’t and share dips a little in price, then imo it will be the shortest dip and fastest recovery ever. With the number of people now actively watching this share, waiting for an entry point on a dip, it should be the fastest recovery we may ever have witnessed. The only things we can do are to watch, wait and if you’re wanting to take more shares dive in if it does dip. Only a thought.

Top locks, I agree with that totally and intend to keep buying in my isa . Got to be in it to win it. My kids are all in it too so I’m hoping it’s going to rip for them more than me.

EIFO funding, £1.2 million and licence granted……2.7p.🤷🏻‍♂️. I would have thought 5p at least?? It just goes to show that investing literally is a rollercoaster ride.

Aaaaah, my 2 best friends, Greed and Avarice.

Small but meaningful. I’m surprised by the fact that it’s 2027 but I’ll take it as another step forwards.

Well I took some more on that news. I love this steady progress in the right direction. In my opinion, anyone who is happy to hold medium to long term here is on a winner.

I’ve done my bit for the month with another 50,000 shares. I’ll continue with that until the first graphite is properly mined.

Well, my Sons just stuck this months £500 in. He’s a proper fan of Stefans cool, collected delivery of facts. He just keeps hoping that it doesn’t go up too fast until he’s built a decent position. Times on his side at 38. Just not on mine.

I’ve rounded mine up with another 30,000. It’s my ocd with numbers. I can’t see it loitering down here for long.

Goldroo not Gold too.

Gold too, create a login and once you’re logged in everything is visible.

Bamps, you’re certainly correct in your observations on ages. For example, all 3 of my kids hold and add monthly, their kids hold and have money paid in monthly by parents and grandparents. It’s a cascade of cash entering the market that undoubtedly will be held tightly because they won’t trade as they’re trying to build long term wealth. It’s a different investor base compared to when I started in the 80s. Hargreaves have it bang on with their free buying and no holding fees for kids under 18. A cracking way to encourage them in.