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I am considering allocating B share to my son and giving him money whilst at University.
We are talking about £4000/annum in dividends.
I have read some of the posts on this forum about Alphabet shares, but this do not seem to fit into my specific case. Mainly because the sums in this case...
Firstly, thank you for taking the time to provide some insight into this - I am sure there are others with similar questions.
It seems to be though that it is not such a bad options if:
a) you are maxxed out on your SIPP already.
b) you don't plan on exercising a MVL
c) you plan to keep it in...
Thanks,
I am in the process of setting up a SIPP. I don't want to put everything into a SIPP as I might/will want access to it. I was thinking perhaps a 50/50 between a SIPP (tax avoidance) and Ltd Co. trading account (good return on balance) - or some ratio, whatever is best.
I thought I responded to this. I'll try again.
Thats interesting; I think that that means that the next time I liquidate it really will be the end, and this might be in 10 years time. So my questions still stands, but with added caveat that now there may be a large amount of money in...
Well that was one of my questions really.
Taken from the link:
"Compare this to an Section 1030A claim without ER, the rate increases to 18%. A claim for ER could not be made if there was ‘significant’ investment activity. However, what is significant is not defined by statute, although HMRC...
I am getting good advice on what to invest in (which is what the IFA were offering), my questions are fairly straightforward questions about mechanics and tax liabilities.
But thanks for your fantastic insight nonetheless.
Ha! you've got a good memory. That time I liquidated.
I know don't plan on liquidating so soon this time and might have this company for 5, 10 years or until I retire.
I did ask and my accountant and he put me in touch with an IFA who will go away and come up with a full plan that will cost me thousands. I have asked the accountant again, but in a different manner and am awaiting a response.
I am not convinced that my accountant knows as much about this sort...
Hi All,
I have been trawling this site and the web for hours and have pieced together some understanding, but there are still gaps.
My company is starting to accrue a decent warchest and I am going to start offloading some to SIPPS, but there is going to be money left in the company bank...
Its generic, standards based stuff. In fact client X and client Y are completely different domains and nothing is the same (one is banking, the other is retail).
Why don't I just reword it? because I am feeling particulary lazy today and really fancy the idea of copying and pasting.
No, I don't own the copyright. I would undoubtedly be on the wrong side of a legal argument if it came to it if I just copied and pasted. I suppose part of my question is really how much of a pain in the ass is it to go after me if in the highly unlikely event I was caught out?