Investment Analyst for Charles Stanley. I mostly tweet about investments. Views are my own and definitely not advice.
Penzance, England
Joined August 2015
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As the personal allowance is frozen at £12,570 until 2031, this could create a tax saving of around £300 a year by then assuming 'low income pensioner allowance' increases with triple lock
Great to appear today on the @IChronicle Investing in Growth webinar alongside the AIC's @annabelbrodies and Hamish Maxwell of @BaillieGifford 🎬
Seems a stretch given the economic damage it would unleash
Financial markets are now betting on FOUR @bankofengland interest rate rises over the next year, taking rates close to 5% by the end of next year.
VERY big shift in expectations in only the past few days...
The rules were always going to be clunky and add complexity to an already-cluttered ISA regime. But thankfully investors are to be spared draconian restrictions around 'cash-like' investments that would have undermined perfectly normal risk management.
gov.uk/government/publicatio…
Why does Stephen look like he's about to put a helmet on and be shot out of a canon? #TraitorsUK
One set of rules re ISA investment eligibilty and 'charge' on cash held for u65s and one for 65+ ? 🤔
Rob Morgan retweeted
Watch The Spectator's post-Budget briefing live tonight at 7pm.
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Rob Morgan retweeted
£12k limit on Cash ISAs for under 65s: Some people who are unable to take risk with their money will see their tax-free options significantly curtailed. For them there are some low risk options in Stocks & Shares ISAs such as money market funds.
Investment involves risk #Budget
Rob Morgan retweeted
Restricting salary sacrifice from April 2029 isn’t an explicit tax rise, but many employees will either see less in their pay packets or in their pension pots. The long-term effects on the nation’s retirement pots could be considerable.
Investment involves risk #AutumnBudget
Two possible loopholes to the lower Cash ISA allowance. Open a £20k Stocks & Shares ISA and then transfer to a Cash ISA, or hold cash or a money market fund in a Stocks & Shares ISA. I'd expect the first to be closed off, but probably not the second.
Appreciate full details to emerge, but if this Budget rumour is true as outlined, limiting pension salary sacrifice to first £2k earnings really hits those with pre sacrifice earnings in the £40-50k region and making large contributions. This is because NI is 2% > £50,270 not 8%.
Perhaps a compromise would be to permit all UK listed shares and domiciled funds and exclude overseas. Support UK market and financial services without overly restricting consumer choice.
Reeves ‘looks at minimum UK shareholding' in ISA reform moneyweek.com/personal-finan…
Rob Morgan retweeted
Reeves ‘looks at minimum UK shareholding' in ISA reform moneyweek.com/personal-finan…