View Poll Results: I consider the demands to be

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  • totally above board

    8 13.56%
  • questionable

    15 25.42%
  • a scam

    36 61.02%
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Posts 21 to 30 of 241
  1. #21

    Still gathering requirements...


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    Quote Originally Posted by Loan Ranger View Post
    Indeed, which is why we are suspicious.
    Too right.

    If everyone else says paying back the loans won't make any difference, why are Montpelier doing this?

    I smell a f*****g big rat.

  2. #22

    More time posting than coding


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    Quote Originally Posted by Loan Ranger View Post
    Indeed, which is why we are suspicious. That coupled with the fact that, allegedly, the company is in financial difficulty.

    In a perverse way, we envy those of you whose promoter has disappeared.
    Ah so it's likely being driven by the promoter, not the trustees. Definitely suspicious - I wish you guys all the best.

  3. #23

    Still gathering requirements...


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    Quote Originally Posted by meanttobeworking View Post
    Ah so it's likely being driven by the promoter, not the trustees.
    They are one and the same. The CEO of Montpelier is one of two trustees. The other being his missus.

  4. #24

    Contractor Among Contractors

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    Quote Originally Posted by stonehenge View Post
    They are one and the same. The CEO of Montpelier is one of two trustees. The other being his missus.
    Wow! What could possibly go wrong with that setup!

  5. #25

    Nervous Newbie


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    Quote Originally Posted by DotasScandal View Post
    Wow! What could possibly go wrong with that setup!
    b***** hell is that true? I suppose I had best find out who the trustees are of schemes I was involved in...

  6. #26
    ns1
    ns1 is offline

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    What if you can't pay the demand? Could they take people to court?

  7. #27

    TripleIronDad

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    Quote Originally Posted by ns1 View Post
    What if you can't pay the demand? Could they take people to court?
    Hopefully WG can answer that.

  8. #28

    More time posting than coding


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    This is a massive concern.

    10% demand from me will be circa 20K.

    I can't afford that now NOR over 10 months.

    Even if I could commit any level of funds to this I'm not going to do it whilst there is no clear guidance as to whether this will make any difference to the outcome if/when the new law comes into force in 2019.

    It's about time we all get together and form another sub group to help finance a challenge against all of this. Burying our heads in the sand and hoping it will go away if someone else does something about it is not the right answer.

    A good few of us have been on the receiving end of some terrible decisions from Montpelier recently. They are rapidly loosing any respect they have had.

  9. #29

    More time posting than coding

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    Angry

    There is real danger here as I see it.
    My situation in a 'shellnut'.
    I have 11 months of 'Loans' outstanding and Hector has enquiries open on the two FY's that they span. Hector therefore has all the time in the world to reclassify these loans into income. It will be done by legal sleight of hand or outright dishonesty but nonetheless it WILL come to pass eventually. The tax due will then be loaded with NI and interest.

    OK - I've probably depressed you enough, but here comes the kicker.

    The 'Loans' are LOANS! The trustees can recall them - all of them. The direction of travel of WG is that he is doing exactly that. If you think that is bad then the next bit is worse. If the 'debt' is small and you pay it off, the Trustees should (might!) redistribute it, minus fees, to the beneficiaries. Guess what - It becomes income and you pay tax on it again.


    If I have got any of this wrong please enlighten me, but right now things are looking bad and getting worse.
    Last edited by TAF4; 13th April 2016 at 13:16.

  10. #30

    Still gathering requirements...


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    The term "spit roasting" comes to mind.

    HMRC screwing you from one end and now Montpelier from the other.

    Does anyone out there still trust Montpelier?

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