Elite 11+ shopping and chat thread

Chrisv

TrulyMadly wrote: »

I'm in bed reading up on SIPPS:o

Hi TM, are you using your full personal tax allowance? (£11,000 currently, £11,500 for 17/18).

If yes, then anything you will take out of the SIPP (above the 25% tax free portion) will be taxed as income. EG - you deposit £2880, £720 will be added by HMRC, you can draw £900 tax free, but will pay £540 tax if you drawdown the remaining £2700.

Cash cannot be withdrawn until age 55. HL only pay 0.03 - 0.05% interest on cash in a SIPP. If you intend to deposit for any length of time, you will need to actively manage your SIPP and invest the funds.

TrulyMadly

hornetgirl wrote: »

:T :T :T Is it making any sense yet?

Sort of.......looks like most people are using HL as providers?

tbw

TrulyMadly wrote: »

Red wine every time for me too scamps.

I can't think what the cream adds to the bolognaise:o

Extra calories !

fuzzgun19

TrulyMadly wrote: »

Red wine every time for me too scamps.

I can't think what the cream adds to the bolognaise:o

tbw wrote: »

Extra calories !

And creamy-ness :rotfl:

TrulyMadly

Chrisv wrote: »

Hi TM, are you using your full personal tax allowance? (£11,000 currently, £11,500 for 17/18).

If yes, then anything you will take out of the SIPP (above the 25% tax free portion) will be taxed as income. EG - you deposit £2880, £720 will be added by HMRC, you can draw £900 tax free, but will pay £540 tax if you drawdown the remaining £2700.

Cash cannot be withdrawn until age 55. HL only pay 0.03 - 0.05% interest on cash in a SIPP. If you intend to deposit for any length of time, you will need to actively manage your SIPP and invest the funds.

Yes I am using my full personal tax allowance which makes it less attractive for me ....thanks chris

TrulyMadly

fuzzgun19 wrote: »

And creamy-ness :rotfl:

I prefer tomatoe....ness:D

Chrisv

Brummie_down_south wrote: »

Thanks Chrisv will send you the numbers (know i have sussed out how to do it) .

Thank you Brummie :T

pippo

greengirl78 wrote: »

My bank only shows 1p pending and then the full amount after delivery. HTH. Scuttles back to lurkdom

Don't lurk gg = come and join us.

Anon

Sunshinemummy wrote: »

:hello::hello::hello::hello:

Our anon is the lad you need for a new phone.

It look me a very long time to post...:D:D:D I do think that it is harder to follow if you don't.

The new phone will pay for itself very quickly x

PS if you want to keep up put bubbs on ignore!!

You flatter me ... the iPhone 5s 16gb deal that I posted last night would take some beating though .

Anon

purpledonkey

TrulyMadly wrote: »

I'm in bed reading up on SIPPS:o

https://www.youtube.com/watch?v=wv-34w8kGPM ?