Member Info for Reader61

Media stirs an awful lot and creates a deal of stress for us investors. As you say, lets see before knee jerk reactions. The advantages to leaving funds in the SIPP are high at present but then think of the enormous risk we take to develop the pot. Those on final salary DB pensions ignore that we can lose out to companies failing/underperforming/competition and a myriad of other factors that hit share/fund/trust performance. All they see is a big fund to tax from a gov perspective which they can re-distribute.

Public servants with a guaranteed pension aren't worried about CGT, or any other factors, their pot is the taxpayer, endless/index linked and a magnificent reward probably 3X that of the private industry worker!! If they were all on the same schema as the rest of us, then things would be very different and pensions would improve all round, except for them. It would indeed be a levelling up of the pension aristocracy.

Aviva

I'm a tad worried about the effect of all this tax talk on pensions and dividends. If they drop the cgt exemption, then tax dividends at income tax rates, then also add IHT into the mix, surely this will deter billions of investment?

At the moment within my sipp, I have several trades that have been capital accreditive, my dividends within do not attract any tax if I reinvest themback into stock. So might plans to tax this mechanism just be a Gordon Brown on steroids measure.

I guess we will just have to see but I'm definitely considering as a start taking rather than leaving in my 25%. Net effect of millions doing the same will be less for Lgen/Aviator etc will it not, this falling share prices?

Meantime, what do we think will happen to Lloyds and the other mainstream banks. Presume they will all be tapped for more cash at our expense? I wonder if the dividend tax increase heading towards us fast, will deter much investment?

Maybe the threat of increased CGT is leading a bit of downtrend, profit taking etc. Sorry to be naive but does CGT affect institutions trading stock as I'm guessing PI's don't move the needle?

Think store is bigger element but online growing faster.

At todays price of~$42, my calcs reckon this equals £4.25ish @ 1.27 approx exchange rate. Hold for closure or sell and bag the current profit at £4.16 today?

Although, I think £1 more likely if true?

But the price is well below the offer, could that be the indicator? Nothing on website of either party to show its off?

Sorry false alarm, courtesy of chatGPT, which is not what is cracked up to be, AI indeed!!

Thanks for the article, let's hope they're right. Everybody's bleeding right now except the shorter!

Is this right, Netscout bid 240p a share?

3.5% down today??

What effect might the Labour changes to Dividend Tax (8.75%>20%)and CGT have on the share price?

Investors will be losing a fifth of their dividend income unless in ISA.

Don't forget the 120% raise in your taxes on dividends, that will bring in 42Bn over 5 years apparently. Anyone not having shares in ISA and earning more than 14570 from other sources will be clobbered increasingly so as the personal allowance remains fixed and inflation rises. Furthermore there is CGT too.

What I don't know is how this affects dividends building private pensions, say managed by companies like legal and general??

Apologies if this has been covered, I missed it if so? I wondered what the board thoughts are on costs to NG and subsequent effect on share price of Labour’s proposals to rewire Britain and build a clean energy grid? It likely will require National Grid to adapt to new regulations, investment strategies, and operational changes to support the UK’s energy transition?

It may be very positive but I just don't know where/how to start gauging this?

I concede it is speculative but it is also logical and a consideration. Banks have high profits and increased net margins due to current market conditions, inflation, interest rates etc. Large banks almost have a near monopoly grip, hence the inability of challengers to rise. It is likely, not unfounded or silly that a government will look to reap from such businesses, the precedent is being set with oil and gas. During the pandemic, dividends were cancelled due to political interference and the weakness of the banks to resist.

So a consideration, not a certainty, that is what the board is for, a discussion forum for debate of opinion and ideas. As I said, anyone so easily taking fright should maybe avoid and you should not try to close down avenues for discussion, its not your board.

You guarantee that do you and trust the politicians not to increase bank taxes? I think you are naive, If you get stressed by discussions on the board, I'd suggest you avoid.

What about the Labour windfall tax on bank profits, surely that's going to hurt?

When on earth are they going to give us a divvy!!