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Post by corriefan on Oct 16, 2017 19:16:40 GMT
Nope nothing to do with me, I was just minding my own business doing my A levels, but apparently it counted. The only year I don't have full credits for is the tailend of U6th-1st 2 terms of Uni. After that my thin sandwich with 6months employment each year was clearly enough to tide me over until full time employment. Potentially going to need to make a few years of voluntary contributions tho. I am in a similar situation: Lower sixth year: No paid employment + 52 weeks of NI credits = Full year Upper sixth year: £14.08 paid employment?! + 52 weeks of NI credits = Full year 1st year of Uni: £31.89 paid employment?! + 52 weeks of NI credits = Full year 2nd year of Uni: £31.89 of paid employment?! + no NI credits = Year is not full 3rd year of Uni: £127.66 of paid employment?! + no NI credits = Year is not full What gives? NI credits are given for years in which your 16th, 17th or 18th birthdays fall. That could be why only your first year in university attracted credits.
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Post by corriefan on Aug 27, 2017 19:27:15 GMT
I invested in quite a few P2P platforms last year. I think I must have had a rush of blood to the head. I was blinded for a while by the high interest rates. I think of it as a crazy year.
I started to weigh up the risk and the possibility of losing a lot of money. I now consider myself lucky to have got out of most of it with only a small loss. That's not to say that I have given up completely. I will probably put some money into one or two platforms that don't seem, as somebody else has said, to be run from a garden shed.
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General P2x Discussion
Tax confusion
Aug 25, 2017 14:34:19 GMT
via mobile
Post by corriefan on Aug 25, 2017 14:34:19 GMT
I thought P2P income had to be declared as interest. That's what I did and ended up paying tax on it as my total interest was over £1000. If I should have declared it as capital gains I would have avoided paying tax. Interested to hear more...
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Post by corriefan on Aug 16, 2017 15:48:09 GMT
I fall into one of the categories that should be able to file a tax return online. But, being paranoid after hearing the experiences of other people, I worked my figures out first. They matched the online figure, so I was happy to go ahead.
I also record every penny of interest during the year and always declare it. The only time I have received the dreaded letter from HMRC was a few years ago when I misread my payslip. It didn't affect which tax bracket I fell into. So HMRC corrected my figure and let me know. I have been super careful since then.
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Post by corriefan on Aug 16, 2017 15:34:50 GMT
Well said. I have been thinking along the same lines but thought I must be wrong as nobody else seemed worried. A new name would be useful. But it should spell out the tax-free advantage.
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Post by corriefan on Jul 24, 2017 17:28:19 GMT
Mine arrived, so now I'm only down by £20. Sadly it's still turned out to be my worst P2P platform and I'm not inclined to put in more money for the recommended year. That hasn't been necessary on other platforms where I have done quite well.
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Post by corriefan on Jun 18, 2017 9:14:59 GMT
I suppose my reaction is mild irritation. After all, it was my decision to put money into P2P and I knew the risks. I have made only tiny losses. But they have shown me that I don't have the appetite for bigger ones. So my current reaction is to exit from P2P completely. It was good while it lasted!
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Post by corriefan on Jun 15, 2017 22:13:13 GMT
I think a lot of people will exit P2P if safer savings rates ever rise to a decent level. (Was that a flying pig?...)
I'm not an expert, but fewer lenders might mean P2P rates go higher. Who knows?
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Post by corriefan on Jun 14, 2017 11:22:49 GMT
My daughter is really happy with Bittylicious. I just compared reviews for Coinbase and Bittylicious. Bittylicious wins easily for people in the UK. But don't take my word for it. I haven't tried it personally.
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Post by corriefan on Jun 4, 2017 6:34:05 GMT
Wow, their advert claims a five-star Trustpilot rating....until you try to read the non-existant reviews. Where's my cheque book?
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Post by corriefan on May 28, 2017 23:48:27 GMT
Who's buying them? It appears that developers are building out then selling off to individual investors -- With "guaranteed rent" periods of 2-4yrs and yields of ~8% it's attractive to a number of "normal" people. Who's living in them? In my experience, these custom build student accommodation units are marketing for 2x the comparable market rate for 4-6 bed HMOs (House of Multiple Occupancy, the typical student house-share situation). There have been a number of high-profile cases where the developer has gone back to planning and asked for change-of-use to service accommodation, as the buildings are standing empty. I'd be interested in hearing from anyone that has information on the actual strategy being employed by these developers? A couple of years ago we looked into buying one of these flats as an investment. The price was a steal and occupancy was guaranteed. It looked too good to be true and it was. Delving into it further, we discovered that the local university did not recommend the flats to their students. I can't remember why. Where were the guaranteed occupants coming from? I'm not saying all schemes are like that. But careful research is needed.
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General P2x Discussion
Safest Platform
May 24, 2017 18:51:53 GMT
via mobile
Post by corriefan on May 24, 2017 18:51:53 GMT
Thanks, though my viewpoint is a lot shorter than the Bank of England's.
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General P2x Discussion
Safest Platform
May 24, 2017 16:42:44 GMT
via mobile
Post by corriefan on May 24, 2017 16:42:44 GMT
Bond funds could get hammered if inflation (and thus, one hopes, interest rates) goes up, but index linked 'ought' be a bit safer. The Bank of England employee pension fund (which of course takes a long long view) is something like 90% in index linked. That's a coincidence. I spent some time today pondering whether to add some index linked gilts to my ISA. I chickened out eventually on the basis that I don't know what is going to happen to inflation. But if it's good enough for the Bank of England.....hmm. I might reconsider.
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Post by corriefan on May 22, 2017 21:35:37 GMT
That didnt last long, Reg Saver already Sold Out, ISA still available I am amazed by that. On another website that I sometimes look at, people have worked out that the real annual interest rate is 1.84%. The annual 4% is only paid on your first month's subscription. Even so, I considered the Ford ISA until I realised I could put only 3k into it.
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Post by corriefan on May 20, 2017 7:02:09 GMT
I'm lucky with my Premium Bonds which is probably why I'm a big fan. But the maximum of 50k leaves the original poster looking for a safe home for the remaining 50k. Some annoying overdue payments on P2P are making me think twice about trusting much of my money to this type of investment.
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