New answers tagged

1

You are classified as a higher rate taxpayer when your total income exceeds the threshold for basic rate income tax. So in short, yes, if you already exceed the basic rate band through PAYE (salary), then yes your dividends will be taxed at the higher rate of dividend tax – 32.5%. However - you also have a £2,000 Personal Allowance for dividends, separate ...


0

I would expect the mortgage account is in your name, and I would expect that the cheque should be made out to the name on the account that it is being deposited into - otherwise (exactly as you say), if it is just made out to the bank's name, it could be deposited into any account at that bank. I can't speak to any specific protections that might otherwise ...


-1

Maybe the laws and/or terminology are different in the UK, but here in the US: "Done without your permission" is pretty much the definition of a soft credit check. A "hard check" is made when you apply for a loan or a credit card. A "soft check" is most other checks on your credit rating. Most soft checks are because someone is considering offering you a ...


1

Well you say this is completely your option to drop the insurance so each year (or whatever your tolerance is) you could shop for new insurance and if the new quotes come out to be cheaper than what you have now then cancel the existing and replace. If the new quotes are more expensive then throw the new quotes away and keep what you have.


3

Salary sacrifice does indeed have the beneficial effects that you have mentioned (assuming your earnings are above the relevant NI thresholds). Chiefly, it gives both you and the employer the opportunity to save the amount of the NI contribution – and as you point out, if the employer is magnanimous enough they could also choose to credit your pension with ...


1

Because generally, the amount of money required by life insurance goes down as you get older. If you're 30 with a wife and two kids? Then your salary suddenly disappearing would have a monumental impact on your family. Your income towards daily life disappears. There are mortgage payments to be handled. Car payments to be handled. College funds to try ...


1

According to AARP’s 2016 Family Caregiving and Out-of-Pocket Costs Report, family caregivers roughly spend an average of $6,954 annually. They count 40 million caregivers, so only 20% of adults are paying for caregiving at any one time. According to Genworth’s Cost of Care Survey 2019, the median cost for supporting a parent in assisted living or in-home ...


5

I'm not sure about the UK, but in the US, soft credit searches are available for anyone who cares to pay for it, no permission needed. They have zero impact on your credit history, and they are typically done because the company thinks about offering (soliciting) you a loan or a credit card (even though you never asked for it). They basically do mass soft ...


8

why would you let insurance like this run for its full time period given the decreasing payout each year (after 10 years it will pay less than half of what it would originally, with the same premiums), when you could just cancel it and get new insurance? I'm not in the UK, so I don't know of anything specific to the laws/regulations there, but from a pure ...


22

Life insurance premiums do go up with age. A quick google found a claim that they go up 8-10% per year on average, but they go up slower when young (about 5% per year in your 30s) and faster when older (12% per year in your 60s). Note that 8% decrease in payout per year is equivalent to an 8.7% increase in premiums per year: 1/(1-0.08). That's still in the ...


0

The simplest way to determine the return of an asset is to take the ending value and divide it by the starting value. Let's build that up in terms of how complex you may want to get: 1) If you start with $100 in the bank, they pay you $2 in interest, and you end the year with $102. 102 / 100 = 102%, and after subtracting the 100% you started with, this is a ...


0

This is not easy. It is made harder by there being several measures of return. One is money-weighted rate of return and the other is time-weighted rate of return. If you did not make any changes, the return is 100*(market_value_now / market_value_3mo_ago - 1). This formula requires that there are no dividends, or that you wish to exclude dividends from the ...


0

Your question is old, and probably you already know the answer at this point, however... You won't owe income tax in the UK, you are effectively a foreign entity, and the company is paying you for your services - it doesn't really matter that the payment goes into a UK based bank account, it's the same as if they were sending payment for services directly ...


1

Unless you volunteer it, for instance through a scheme like Credit Ladder or Rental Exchange Initiative, rent payments are not normally reported to Credit Referencing Agencies. So things would have to go all the way to a County Court Judgement to go onto your credit reports, I think. With the laws you mention in force, there should be much more leniency ...


3

You could offer less. You must be prepared to walk away at that point though, as the seller is within their rights to completely withdraw the sale. When I bought my property, the conveyancer advised me not to proceed due to non standard construction. I wanted the house anyway as it was better than other properties i'd looked at. I called the Estate ...


4

You are proposing to gazunder. I can't speak for what might be 'best' for you personally, but I don't know of anyone who thinks this is a noble practice. how would it be best to approach this Tell your conveyancer to tell the seller's conveyancer. Both these parties might try and talk you out of it.


4

@timday's answer is correct that a zero share price means that a seller is giving away the shares for free. However, short sales create willing buyers which keep a stock price from dropping to zero, even in bankruptcy: A short-seller is basically making a bet that the share price will go down. Short-sellers borrow shares and sell them. At a later date (...


13

Depends For the London Stock Exchange, the price will not go to 0, because a listing requirement for Standard and Premium shares is a minimum market capitalization of £700,000. That is, the stock will be delisted well before the price drops to 0. For the New York Stock Exchange, the minimum share price is $1, and the minimum capitalization is 1.1 million ...


10

Let's play out your scenario. Share price of (near) zero means BUY, BUY, BUY Remember the golden rule. I mean the other golden rule: Buy low, sell high. Very important not to mix those up. It's important that you understand what "low" and "high" mean; that's relatively to the core value of the company. You specified a company with good core value. ...


1

Yes, fixed rate mortgages should/will drop as the bank of England rate drops, it will likely be small though, as banks are already loaning on very thin margins (in some cases in UK housing market, close to if not below inflation). However, it is worth noting that locking in 'preferential' mortgage rates can be a huge trap: low interest rates generally ...


23

There are two sides to every trade: a buyer and a seller. For the share price to be zero, the seller would be literally giving away their shares for free. It's hard to imagine any situation in which sellers would be motivated to do that. They might be prepared to sell cheap, but not for nothing.


2

It's hard to imagine such a situation. If the price of a single share drops below one cent, it will still not be zero as it would be possible to say it's worth, say, around half a cent if trades are usually around the mark of 2 shares for every cent in an order. However, let's pretend it is zero. The most direct impact is that financing by equity from ...


62

Share price is determined simply by supply and demand. Changes in the share price typically don't directly affect the company's operations, though there are some ways that it could (e.g. when the price is lower, stock compensation must include more shares to make up the difference). Practically speaking, the share price for an active company never reaches 0....


0

The best option in my opinion is to buy a share in the company, and get dividends when the company makes money. You will be taxed of course. And there must be a reason for the dividend, that’s why you must be not just company director, but a major shareholder. Dividends are not paid for work done, but profits distributed to shareholders. But that’s just my ...


0

Halifax have blocked my stocks and shares ISA because I live in Germany. I realise I can't invest more funds in the ISA but I think I should be able to buy and sell shares within the ISA wrapper. My view is that this goes against the spirit of the ISA regulations and is quite possibly illegal. The Government say I should be able to retain the ISA and ...


1

It should be the company year end, i.e. the end date of your limited company reporting period. This is often 31 March, or perhaps it's 30 June, 31 September, 31 December if you've decided to shift it by a quarter or two or three.


7

First understand that when the stock market drops like this, it absolutely can impact you, even if you aren't "in the stock market", because when stock prices decrease that's an indication that the market believes those companies are going to be performing worse. ie:if Apple shares drop 10%, the market believes (to be simplistic) that the total foreseeable ...


3

Notes: (a) I am not an accountant nor a financial adviser; this is not financial advice. (b) I had all but written this answer when Mark edited his answer to include my correction regarding the Dividend Allowance. As I hope my "visual" representation may be useful addition, I decided to post (a slightly modified version) anyway. But the main credit should go ...


6

This sounds like a scam. How well do you know this fiancée? There are no such processes as you describe, so chances are that the fiancée is a scammer and is making this up to milk you for money.


8

You can usually tell when banks suspect money laundering, because they go very quiet, and refuse to discuss things. Banks will no more contact you to say they suspect money laundering, than the phone company will to say your phone is being tapped. It would be illegal for them to do so. The first thing is: who is the executor for your fiancee's father's ...


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