aju
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Post by aju on Aug 9, 2019 11:44:45 GMT
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benaj
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Post by benaj on Aug 9, 2019 12:11:06 GMT
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aju
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Post by aju on Aug 9, 2019 13:25:21 GMT
let me guess one ISA policy run by one ISA company and let me think - that should be AJ Bell. Its interesting the author worked for HMRC and the DWP and now he works for AJBell. Smacks of lets get us an insider to promote us syndrome to me. I'm not really that convinced myself, I wonder what Iain - Orca thinks of this one since they are promoting a managing umbrella approach though clearly not in the same way - I think!. |
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benaj
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Post by benaj on Aug 9, 2019 14:21:39 GMT
Well, at least it's not Woodford's idea for One ISA policy.
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hendragon
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Post by hendragon on Aug 9, 2019 14:26:50 GMT
The Government should kill offf fraudulent borrowers...sorry that might be useful.won't happen  |
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hazellend
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Post by hazellend on Aug 9, 2019 14:34:17 GMT
In my opinion P2P is unsuitable for ISAs. It will vary depending on an individuals unique tax circumstances but I think ISAs should be used for long term but and hold equity index trackers
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aju
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Post by aju on Aug 9, 2019 15:28:36 GMT
In my opinion P2P is unsuitable for ISAs. It will vary depending on an individuals unique tax circumstances but I think ISAs should be used for long term but and hold equity index trackers Yeah it's an interesting one that one, I would have agreed with you perhaps before I was a tax payer a few years back but now that I am I'm not that sure where I sit except that I am using the IFISA on both Zopa and RS to allow me to keep any return that I get above the £1000 savings allowance and Mrs Aju's Marriage allowance thingy etc etc. Mrs AJU is not a tax payer although she will be if we are not careful so I have made her the beneficiary of most of our spare interest generating cash in investments and savings etc where its better for us both. As I have said quite a few times our investment objective is to gain a small percent above the dreaded Inflation Tax so we are not too greedy and keep our expectations in check whilst trying not to make a pigs ear of things or worse make stupid mistakes - we all learn more from making mistakes but I try to keep the financial ones to a bare minimum.
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ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Aug 9, 2019 15:57:41 GMT
In my opinion P2P is unsuitable for ISAs. It will vary depending on an individuals unique tax circumstances but I think ISAs should be used for long term but and hold equity index trackers Yeah it's an interesting one that one, I would have agreed with you perhaps before I was a tax payer a few years back but now that I am I'm not that sure where I sit except that I am using the IFISA on both Zopa and RS to allow me to keep any return that I get above the £1000 savings allowance and Mrs Aju's Marriage allowance thingy etc etc. Mrs AJU is not a tax payer although she will be if we are not careful so I have made her the beneficiary of most of our spare interest generating cash in investments and savings etc where its better for us both. As I have said quite a few times our investment objective is to gain a small percent above the dreaded Inflation Tax so we are not too greedy and keep our expectations in check whilst trying not to make a pigs ear of things or worse make stupid mistakes - we all learn more from making mistakes but I try to keep the financial ones to a bare minimum. Good strategy aju. Problem is when it's The FCA that consistently makes the stupid mistakes, AND never learns. (Collateral especially). How on earth The FCA can square their myriad incompetent and idiotic actions with "Protecting Financial Consumers" is beyond my comprehension. The bottom line with The Useless FCA is, they don't protect financial consumers. At all. Bailey's standard phrase when alluding to The FCA's countless failings is that it's all " unfortunate". Yeah, and we all know for who.You are on your own.
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aju
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Post by aju on Aug 9, 2019 16:21:08 GMT
Yeah it's an interesting one that one, I would have agreed with you perhaps before I was a tax payer a few years back but now that I am I'm not that sure where I sit except that I am using the IFISA on both Zopa and RS to allow me to keep any return that I get above the £1000 savings allowance and Mrs Aju's Marriage allowance thingy etc etc. Mrs AJU is not a tax payer although she will be if we are not careful so I have made her the beneficiary of most of our spare interest generating cash in investments and savings etc where its better for us both. As I have said quite a few times our investment objective is to gain a small percent above the dreaded Inflation Tax so we are not too greedy and keep our expectations in check whilst trying not to make a pigs ear of things or worse make stupid mistakes - we all learn more from making mistakes but I try to keep the financial ones to a bare minimum. Good strategy aju . Problem is when it's The FCA that consistently makes the stupid mistakes, AND never learns. (Collateral especially). How on earth The FCA can square their myriad incompetent and idiotic actions with "Protecting Financial Consumers" is beyond my comprehension. The bottom line with The Useless FCA is, they don't protect financial consumers. At all. Bailey's standard phrase when alluding to The FCA's countless failings is that it's all " unfortunate". Yeah, and we all know for who.You are on your own. I've always felt I'm on my own, Mrs Aju and the kids excluded of course, so as a result I've tried to learn what I can when I can and especially when the opportunity arises. It would be nice if one could have more confidence in the overseers but sadly I believe you are right, like today's politics it's every man person for themselves when the brown stuff catches the fan and I've every confidence it will and one thing we can be sure of is it will least affect those people who are in charge or worse hold all the cards ... I read about Mr Bailey recently and came out in a cold sweat when I got to the bit that suggest he was a potential for the BOE after that Carney chappie makes up his mind to retire. 
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benaj
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Post by benaj on Aug 9, 2019 16:24:45 GMT
I had a Transfer In to AJ Bell last month and AJ Bell sent me an email:- It seems they don't want to get involved in the process of transferring troublesome IFISA assets to their S&S ISA at first, but AJ Bell did the Transfer In without issue at the end. Just found this interesting article from FCA: a "Discussion" paper regarding IFISA written in 2015 www.fca.org.uk/publication/discussion/dp-15-06-innovative-finance-isas.pdf1.13 2.9 3.3 3.8 |
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Post by propman on Aug 11, 2019 9:51:01 GMT
I can't see how S&S investments can be considered in the same light as cash ISAs. It seems to me that AJ Bell want to encourage more people to invest in the latter. Far be it from me to suggest that they would like to reduce the apparent risk assosciated with these!
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