Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
I am a LTH of Open Orphan / HVIVO / Poolbeg. I was just reading an article about the increasing use of wearables data for diagnosis of developing illness. Has the company made any advances on selling its âextensiveâ patient data that it said was very valuable ?
I never really understood the company split into HVIVO POOLBEG. Can someone summarise what company does what now?
I am a LTH of Open Orphan / HVIVO / Poolbeg. I was just reading an article about the increasing use of wearables data for diagnosis of developing illness. Has the company made any advances on selling its âextensiveâ patient data that it said was very valuable ?
I never really understood the company split into HVIVO POOLBEG. Can someone summarise what company does what now?
Re the release of Activ-2 data , I think all of the agents in that trial were waiting for their final analysis. Just last week https://www.miragenews.com/actg-announces-publication-of-activ-2-study-in-826078/ was posted for Bamlanivimab the Eil Lilly agent LYCov 555 . This was given an early EUA, but was withdrawn because of the variants. It was the first agent in the trial, so I assume they are working through them all.
Thanks Matterhorn. I had assumed that the application for the Synairgen trial would be approved at a country level, before the sites were listed. So seeing the sites listed, I had assumed they were approved, if not recruiting.
Will carry on sleuthing....
Matterhorn. Apologies if this has already been posted.
https://www.alims.gov.rs/ciril/files/2021/03/Dnevni-red-12.02.2021-web.pdf
This file is titled âThe agenda for the session of the Clinical Trials Commission which will be held on February 12, 2021. â
It is a list of the 5 Serbian sites trialling Synairgen - SG018. Last record 5th page.
Therefor I assume it has been approved there now. Will continue hunting for evidence of Receiting.
I nearly skipped over this post. I am so very glad I didnât. . It is so worrying Long Covid is attacking fit young people. This article saddened me so much. I have a friend with âlong Covidâ and most of the time she just tries to soldier on, in our British way, but I suspect she is a lot worse than she is saying. What sort of problems are being stored up for the countries ?
I spent many many hours today, tweeting , emailing , facebooking anyone connected to NHS, 111:, testing , telling them to refer people to the home trial, or use Clinigen for Map access.
Hopefully so that some people will benefit directly from the drug, but this might also get the results out quicker and Synairgen would obtain an emergency use authority.
I am so upset by this.....
Hi Magenta. I did start off thinking like you, that LA was only relevant on contributions, as quite honestly I had never heard anyone talk about this excess tax on the growth of the fund.
I started off with Hargreaves. They have articles on almost everything.
Just google lifetime allowance and HL.
Then I found this web site below. This had a couple of worked examples. So I built myself an Excel spreadsheet with their examples, and then overlaid it with all my relevant information . If I can build it in Excel, I get to understand it better.
https://www.pruadviser.co.uk/knowledge-literature/oracle-plus/lifetime-allowance/
You will then have to do a bit of digging to find those LA %âs that you completely ignored when they came through as you thought, âI am never going to breach that LA as I am retired and not contributing furtherâ HL customer Services were very helpful providing all my back data.
Good luck. As one of our posters said, âa great position to be inâ
Thanks Shrow. Have learnt so much about tax in the last few days. I donât currently draw income as I would pay 20% tax on it, so had thought it would be better to leave it in the fund IHT free. But accepting that I will now probably pay the 25% LA excess charge, I may as well reduce the fund gradually and take some income and pay 20%.. I will then use this income to gift to family members, as I understand that gifts out of income are IHT free, even if I die within 7 years.
More reading now, as to how to do this and record it....
Sorry for hijacking the board on tax, but some very knowledgeable peeps here.
Thanks Tommy. I really am a novice on these regs, but as I understand it, becoming 75, with funds over the LA is a crystallising event , BCE 5A. ? The excess 25% will be a charge on the fund, regardless of when it is actually paid.
Beforegolf. I have been living life to the full for many years , even more so since I retired several years ago. I have a great lifestyle now and can do anything I want. Well , until numerous holidays and cruises were cancelled because of Covid...grrrr.
It has been great getting all the feedback from this board and it has helped me rationalise my thoughts. If all goes well with Synairgen, I was fully intending to give my sistersâ families some substantial money, probably life changing amounts for them, so that seems to point to having it in the ISA.
When in doubt, I often adopt the 50/50 rule, so I think I will transfer half of my Synairgen holding to my ISA. Give the ISA profits away now, and leave the Pension fund IHT free to my son.
I hope this thread has helped others who had not really considered the Lifetime Allowance. I was aware of it but thought I was comfortably below it. Once I did the calculations I found my funds were already nearing the limit, so the Synairgen gains would all fall into the excess category.
Thanks again everyone for your thoughts. I was a working class kid from Bermondsey and never in my wildest dreams did I think I would ever have these âproblemsâ to deal with :-).
Thanks Welshfalcon. I have enough cash in my ISA to buy the SNG shares. I am very underinvested at the moment as I feel the markets are very high for the crazy state of all of post Covid economies.
But still they go up.......
Thanks Schrow123. I do really appreciate how tax efficient the pension rules have been. I was lucky to be able to put a large redundancy payment into my pension when I was 59, saved loads of tax.
As for effectively doubling my exposure to Synairgen, by buying in the ISA too, it crossed my mind, very briefly. I am trying to discipline myself and not have more than 10% of my total combined portfolio in any stock or fund. The same rules most OEICs follow . Synairgen is the biggest stock or fund investment I have ever made...so I am still a little nervous.
Thank you Welshfalcon. I do accept people like ourselves should pay our share of tax, but it does not stop me trying to minimise the amount :-). I am 68 , thankfully fit and healthy, but am aware of the approaching 75 age potential tax charge.
It was just chance I put this investment in my pension not my ISA, had not really thought it through. Have spent many hours today studying the Lifetime Allowance rules...much rather have been watching this board and the share price and the crazy US election. I have a few other investments I should worry about as well, NYCT, ODX, REMS, ORPH....
I had never invested in Aim before I stumbled on Synairgen. Mostly on mentions from this board I did my own research and have quite a COVD portfolio now...
Thank you so much for your prompt and knowledgeable reply. Luckily I have enough free cash in my ISA, so I think I can simply sell on the drawdown account and buy on the ISA. I notice there are often times when the bid and offer are very similar, and have only just realised there is no transfer stamp on AIM stocks. I need to do the switch very quickly so as not to be out of the market.
Is anybody worried that the Synairgen profits will take their pension fund over the Lifetime Allowance? Sorry this post is about tax, and off topic, but I had never envisaged making the sort of gains that are being talked about until I invested in Synairgen.
I was excitedly thinking ahead of when we are going to 10 bag on Synairgen, or at least make a lot of profit . Iâm with Hargreaves and I have a Sipp , an income drawdown and an ISA. My Synairgen purchase is in on my Sipp income drawdown account. I suddenly got worried about the lifetime allowance which currently is ÂŁ1,073,100. I also have a Final Salary pension in payment. I was leaving most of my HL pension funds untouched as they will not form part of my estate and are thus IHT free. I now understand that if the Lifetime Allowance is exceeded there is an additional tax charge of 25%, either when I die, or when I reach age 75. I do accept I am in a very privileged position to have this problem, but the allowance is easily used up if you have a reasonable final salary pension.
Suffice to say, I am seriously thinking of selling from my pension fund and buying into my ISA account before I realise any big gains, It doesnât help with IHT, but seems better than being penalised for making great investment decisions on my pension fund.
Any (polite) comments welcome. I just wanted to raise this issue in case it affects anyone else.
I understand your point but I am 68 and my husband is 74, and we are both tech savvy enough to follow any online instructions. The question is, how are so many âoldâ people getting this virus, as we have been extremely careful how we have behaved, together with almost all of my friends that are of a similar age. Even before lockdown they have been very careful when seeing their younger relatives. Obviously care home transmission is a different thing, but I assume any Covid sufferers there could receive help to take the drug.