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Post by Fletchsmile on Jul 8, 2015 18:51:58 GMT 7
Thanks for this. I'd forgotten that Neil Woodford used to manage Edinburgh, and now obviously taken over by Mark Barnett. Way things are in the market at the moment, if we see a correction than I might get a chance to buy at discounts  |
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Deleted
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Post by Deleted on Jul 8, 2015 20:41:16 GMT 7
Your doing it all wrong Fletch, go buy a few computer games and a Nvidia Titan, play them while recording the screen and commentating, post on youtube. YouTube gaming star PewDiePie 'earned $7m in 2014' www.bbc.co.uk/news/technology-33425411 |
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Post by Deleted on Jul 8, 2015 20:45:26 GMT 7
Posted 22 hours ago 1.8 million views...we need him on the Mango
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Post by Fletchsmile on Jul 8, 2015 20:47:37 GMT 7
Probably too late for me Jimmy. I'm encouraging the kids though, so cheers for the tip. The oldest is getting quite tech savy - so there's a bit of a plan in that direction |
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GavinK
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Post by GavinK on Jul 9, 2015 7:14:22 GMT 7
Looks like the dividend tax credit is being abolished....
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AyG
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Post by AyG on Jul 9, 2015 8:20:56 GMT 7
Looks like the dividend tax credit is being abolished.... And from April next year a new dividend tax introduced. The first £5,000 of dividend income will be tax free. After that it will be taxed. For 20% rate tax payers it's 7.5%, for 40% it's 32.5%, and for 45% it's 38.1%. (The current rates are respectively 0%, 25% and 30.56%.) Typical thieving Tory Chancellor. Why does he think he can squander my hard earned money better than I can? For an expat with no other UK income the situation isn't too bad. Combining the £5,000 with the personal allowance of £11,000 that means one can have the first £16,000 of dividend income tax free. Assuming a 3% dividend yield, one could hold about £533,000 in shares and not pay tax. However, it's not that clear cut. Currently as a non-resident one pays no income tax on dividend income irrespective of amount. (The tax deducted at source is deemed sufficient.) Will this privilege be continued, meaning the new tax rates are irrelevant for expats? |
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GavinK
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Post by GavinK on Jul 9, 2015 9:44:28 GMT 7
...that is until the PA is removed for non-residents...
I wouldn't be surprised if the 5,000 tax free is taken down to zero for non-residents. They seem to be after non-residents (CGT=done, PA=coming) and non-doms...
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Post by Fletchsmile on Jul 9, 2015 20:58:35 GMT 7
Looks like the dividend tax credit is being abolished.... And from April next year a new dividend tax introduced. The first £5,000 of dividend income will be tax free. After that it will be taxed. For 20% rate tax payers it's 7.5%, for 40% it's 32.5%, and for 45% it's 38.1%. (The current rates are respectively 0%, 25% and 30.56%.) Typical thieving Tory Chancellor. Why does he think he can squander my hard earned money better than I can? For an expat with no other UK income the situation isn't too bad. Combining the £5,000 with the personal allowance of £11,000 that means one can have the first £16,000 of dividend income tax free. Assuming a 3% dividend yield, one could hold about £533,000 in shares and not pay tax. However, it's not that clear cut. Currently as a non-resident one pays no income tax on dividend income irrespective of amount. (The tax deducted at source is deemed sufficient.) Will this privilege be continued, meaning the new tax rates are irrelevant for expats? They really haven't sussed out yet that the UK's tax system drives people away. Then again could be worse, we could be American and have Uncle Sam following Most of my stuff in the UK is now parked in ISAs or SIPPs to avoid the tax. UK has a great range of investment products, with decent regulation, and reasonable fees. Thailand is far better though when it comes to tax. Usually no capital gains and 10% WHT on dividends - but could be zero on funds if you elect it and are below thresholds. The choices are much fewer and fees a bit more but the tax environment is much friendlier. Singapore's a decent middle ground. So a case of using each location to it's advantage. But for me most stuff in the UK needs to be in a tax wrapper of some form or I'd move it somewhere else. One of the biggest factors stopping me moving back to the UK is tax. We pay very little on investments here, UK or Singapore. But go back to live in the UK, and you get hit with all the stuff for the government to take off you and waste Cheeky barstewards also want to take you on your Thai investments if you go and live there |
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Post by rgs2001uk on Jul 10, 2015 0:07:35 GMT 7
And from April next year a new dividend tax introduced. The first £5,000 of dividend income will be tax free. After that it will be taxed. For 20% rate tax payers it's 7.5%, for 40% it's 32.5%, and for 45% it's 38.1%. (The current rates are respectively 0%, 25% and 30.56%.) Typical thieving Tory Chancellor. Why does he think he can squander my hard earned money better than I can? For an expat with no other UK income the situation isn't too bad. Combining the £5,000 with the personal allowance of £11,000 that means one can have the first £16,000 of dividend income tax free. Assuming a 3% dividend yield, one could hold about £533,000 in shares and not pay tax. However, it's not that clear cut. Currently as a non-resident one pays no income tax on dividend income irrespective of amount. (The tax deducted at source is deemed sufficient.) Will this privilege be continued, meaning the new tax rates are irrelevant for expats? They really haven't sussed out yet that the UK's tax system drives people away. Then again could be worse, we could be American and have Uncle Sam following Most of my stuff in the UK is now parked in ISAs or SIPPs to avoid the tax. UK has a great range of investment products, with decent regulation, and reasonable fees. Thailand is far better though when it comes to tax. Usually no capital gains and 10% WHT on dividends - but could be zero on funds if you elect it and are below thresholds. The choices are much fewer and fees a bit more but the tax environment is much friendlier. Singapore's a decent middle ground. So a case of using each location to it's advantage. But for me most stuff in the UK needs to be in a tax wrapper of some form or I'd move it somewhere else. One of the biggest factors stopping me moving back to the UK is tax. We pay very little on investments here, UK or Singapore. But go back to live in the UK, and you get hit with all the stuff for the government to take off you and waste Cheeky barstewards also want to take you on your Thai investments if you go and live there
One of the biggest factors stopping me moving back to the UK is tax. Tax on what? Yes I agree you need to diverse your equitites. I am classified as Not ordinarly resident. Greece is looking more and more attractive these days.  |
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Post by Fletchsmile on Jul 10, 2015 12:01:30 GMT 7
If you go back to the UK you start to become UK tax resident. Then you start getting taxed on worldwide income - so your investments in Thailand, Singapore etc start getting taxed by the UK government.
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AyG
Crazy Mango Extraordinaire
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Post by AyG on Jul 10, 2015 12:15:54 GMT 7
Furthermore, you'll be liable for capital gains tax on any relevant disposals in the previous 5 tax years.
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