Member Info for Thomo1968

Thanks Paddyboy. Good information, which I appreciate. My holding is approx 50/50 in BP and RDSB. I will transfer £20K of RDSB to one ISA and £20K of BP to the other ISA. BOth my gains will be within my CGT allowance. Thanks for the information. Appreciated.

Thanks for the reply. The timing of my retirement last summer was the key as I got access to my lump sum at the beginning of August and I had been watching a number of shares since the crash in March. There was a number of shares I could have taken that had plummeted. I initially invested in the UK and European banks but as none of them were paying a dividend, I sold. I still keep an eye of them on a watchlist and I am in a better position at the moment with the OIL shares. I set up an ISA for myself in August when I got the lump sum and then opened an ISA for my wife a short time later. Interesting point about the buying process. I shall do this process and hopefully all the investments will be in our ISAs in the future.
Appreciated.

Afternoon - I am after a bit advice from any experienced investor regarding CGT. I retired in the summer and invested my pension lumps sum and arranged to have an ISA account taken out for my wife and I and we have a joint share account to increase the CGT and Dividend Tax allowances. On retirement I purchased shares in a number of companies as well as BP and RDSB. During last October, I sold the shares I had in the other companies at a small loss and purchased shares in both RDSB and BP when they were touching their 25 year low. I am now in "paper profit" against those shares in our share account.
I had shares in my individual SIPP and ISA account in NMC Health, which were suspended, where a made a considerable loss.
Having spent the afternoon crunching numbers, taking into account out CGT allowances and the loss from NMC Health, I wont have any profit to declare.
I do my dealing through Hargreaves Lansdown and I can produce the Investment Reports to show the share dealing but I was just wantingto clarify if I still have to notify HMRC if I have made a loss.
Going forward, I have obtained Dividends from both RDSB and BP that is above our allowance and I am aware that our joint allowance is £4000. I am aware on how to declare this but Iwas just wantingto clarify - do you have to declare "paper profit" if you have not sold shares. I plan to hold onto the shares I purchased in October until at least the end of the year or until they hopefully recover when the global economy recoves and vacines roll out globally. My average on BP is 230.60 and my average on RDSB is 977.15.

Any advice would be appreciated.

Thank for adding this information.Appreciated. I will read into this further.

I have been reading the posts about the CGT on shares. I am after some advice on this. I hold both BP and RDSB, having purchased them from my pension lump sum on retirement earlier in the year. I initially opened an ISA account and transferred moneyinto this account when I retired in August and I transferred money into a share account, where the remainder of my money is. It was my intention in April next year, at the beginning of the new financial year to transfer over £20000 from my BP shares. I bought BP shares in various amounts and I have made a gain on both of the shares. I am aware that I can only transfer over money once a year into my ISA account so I was going to do this at the beginning of each financial year so that eventually I would have no money in my Share Account and all my money in my ISA Account - what I would like to clarify is that would I have to pay CGT on the profits of the shares in my shares account. I thought that I would be able to transfer the money over to my ISA account and then be able to withdraw money from this ISA Account tax free from the sale of shares or from Dividend income. I am currently in profit for both but I would like a bit advice on this. Sorry to sound stupid. I am aware of the £2000 Dividend Allowance so am aware that I would have to pay 7.5% tax on any Dividends over the Allowance but I have not grasped the other bit about paying tax on share profits for shares held in a shares account.

Thanks to CSDI1962 for the information regarding the Dividend Tax, which I am now aware of and will deal with from now on. Could someone answer this question for me - I am aware that you have to pay tax on personal gains in an account that is not an ISA and I am aware that you do not have to pay tax on gains within an ISA.
Can I sell shares from my non ISA account to bed them into my ISA account without paying tax? I was informed that I cannot transfer shares between accounts. I am aware that I require to sell the shares, transfer money from the sale of the shares between the accounts and then re-purchase the shares within the ISA after the money has been transferred. I am only asking this question as I purchased shares in August that have now increased in value. I don't intend removing the money from the account after the sale, I only intend to transfer the money over so that eventually after a few years, I would have transferred batches of £20000 per year from my Fund and Share account where my pension lump sum has been invested in over into my ISA account.

Thanks for this information. There is further information on my HL account regarding this. Thank you for pointing me in the direction of this. Appreciated.

One last question regarding dividends - if you re-invest the dividends and purchase more shares, does this have to be declared. In the short term, I am going to purchase more shares when I receive my dividends in order to boost the number I hold. I do not intend to use the dividend payments as an income for a the next few years. Thanks in advance

Thanks to all who took time to pass on the information. Appreciated. Now time to get the calculator out to my sums. I received a lump sum in August andI transferred £20000 into an ISA and it was my intrntion to do this annually, if the allowance allows. There will still be a pot of money that I cannot transfer so at least I know knowwhat to expect paying. Again thanks .

Thanks to all who took time to pass on the information. Appreciated. Now time to get the calculator out to my sums.

I have been looking at this share for some time. I was hoping to buy some for the dividend as an income. I have a Fund and Share account as well as an ISA account with HL. If you receive dividends from shares in a Fund and Share account can you transfer the dividends to your ISA account under the annual ISA allowance. I have looked at the HMRC website regarding paying tax on dividends. Can any share holder give me info in relation to this. I have a lump sum from my pension that I have invested in shares and I want to receive a dividend income but want to know how much I would pay tax. For example if I were to invest £150000 with a 8% yield. I would receive £12000 in dividend payments. I have an annual pension that I would have to add to this figure. I know you get a £2000 allowance for dividends so any info would be helpful

I received my pension lump sum in August and bought IMB along with Bank and Oil shares. Initially I bought IMB for growth but having done some more reading on income shares, I now understand that the Tobacco stocks are not popular so growth appears limited but income is at the top of the list of Div payingstocks on yield. Both BATS and IMB dividend are amongst the best. Looking back I should have maybe held IMB. I bought them for 1282 average which gave me a Dividend of 10.74%. I sold them and bought more RDSB and BP.
My plan is to buy both BATS and IMB for Dividend but currently I am aiming for growth to increase my buting pot. I bought BP for 229 average and RDSB for 1017 average.
I will continue to monitor both tobacco, hoping that I can sell both OIL when they recover more. I waslooking at a 10 year period of income- any thoughts amongst other investors regarding the future dividend payments of the two UK tobacco stocks. BATs dividend cover has been hovering around 1.5 for the last 5 years and IMB has a higher dividend cover which indicates that the pay out could be sustained although both have debt. At the moment, investing in both would give an average dividend yiled of 8.64%

I read a very informative post on this site that a lot of people should take on board. I was always of the opinion that you buy shares at a lower level, hold and sell at a higher level. I have had my fingers burnt in the past badly buying shares in IQE, Thomas Cook and lost thousands after my shares in NMC were suspended due to the Multi Billion pound fraud carried out by the BOD.
I recently received a retirement lump sum which has given me a second chance to buy shares at a lower level. What got me thinking was that if I banked my lump sum and removed an amount on a yearly basis from my lump sum to cover the shortfall in my monthly wages compared to my pension, I would be withdrawing 6% every year and eventually the pension fund would be gone. By buying shares in BP and RDSb, like any shares, the holding of the share qualifies for the dividend. I worked out that by buying the shares, I would be given a dividend of 6%. If I chose to use the 6% dividend as an annual income, this would give me the same income as withdrawing the money from the bank. So as long as you hold onto the shares, you get growth from the share price increasing and you get the income. I know the experienced investors will be aware of this but I am only mentioning this for the newbies. My main aim is to get back the money I lost from the NMC Health shares and if it takes a few years then I am prepared to wait and if I wanted income at the same time, I can take it. For the short term, I am goingto re-invest the dividends for both and purchase more shares.

I hold both RDSB and BP, averaging at 1017 and 229.
With RDSB having cut the Dividend by two thirds and stating that the dividend will only be increased by 4% annually, if the share price was to approach the Pre-Covid levels, the dividend yield would suffer. Currently the RDSB dividend of £0.52 gives me a 5% yield on the 1017 share price and the BP dividend of £0.16 gives me a yield of 6.98% on that purchase average of 229. Having only held the shares recently has anybody any thoughts of the yield being half if the price doubled for newly bought shares. I appreciate that my yield will not change. My long term intention was to hold until the share price got to pre-covid levels then sell and buy the higher yield Dividend stocks like IMB, SLA, BATS, MNG and VOD to name a few to give me a yield of approximately 8%.

Thanks for clarifying that.

Aviva stated on its Company Announcements taken from the Aviva Company Announcements page.
Dividend of 8.75% Cumulative Irredeemabable Preference of Shares of £1.
Half year period to 31st December 2020 - 4.375% per share NET.
Date of Dividend Payment - 31December 2020.

The way I interpretated the information was that Aviva is going to pay a dividend of 8.75% for the year and paying 4.375% in December so what ever the share price is on 4th December 2020 - the share holder will get 4.375% and the n get the other 4.375% at a later time in the year, not disclosed. If I have misinterpretated this, I apologise.

Note taken from Company Announcements on the HL website in relation to Aviva.

The note was published on 5th November