The Edcawber Principle

SuperSecretSquirrel

beanielou wrote: »

Can I please ask how you know the credit utilisation on the CC's?

As a decimal fraction, balance divided by credit limit. Multiply by 100 to get the percentage value

beanielou

SuperSecretSquirrel wrote: »

As a decimal fraction, balance divided by credit limit. Multiply by 100 to get the percentage value

Thanks

edinburgher

Thaks Squirrel, I'll send you your virtual assistant fee directly :T

£3.22 paid off a CC (TT, my H@lifax reward and the smallest interest payment ever).

edinburgher

I hadn't actually realised that it affected me, but apparently there's a daft new "intermediate rate" tax band of 21% from roughly £12.5k to £32k in Scotland? Because this is out of sync with the rest of the UK, it means that if I make any private pension contributions, I have to reclaim 1% from the taxman? Good grief :mad:

I think increases to Plan 1 Student Loan threshold and personal allowance still make me a few £ a month better off, but it's an odd one.

Karmacat

I suppose the different sets of legislation are bound to throw up one-offs like that from time to time. I remember how your English readers were really, really envious of Scottish laws and customs on house buying and selling, me among them

edinburgher

£2.80 paid off a CC (ordered myself a wee holiday read and recycled an Am@zon voucher).

Edit: another £2.09 paid off a CC by the same route, plus I have enough promotional credits to surprise DD with a "free" copy of Finding Dory :j

edinburgher

And another £35.96 paid off via the same route

beanielou

Only in Scotland,bah.

edinburgher

Karmacat wrote: »

I suppose the different sets of legislation are bound to throw up one-offs like that from time to time. I remember how your English readers were really, really envious of Scottish laws and customs on house buying and selling, me among them

You're right of course, KC, and I don't actually mind paying more tax if it's spent wisely (honest). What I don't like is daft wee steps that arise because a change has been half baked (like the pensions thing). If you're going to take more money from me, at least make it as smooth as possible

£0.36 paid off a CC, creeping pretty close to 60% total utilisation, which I thought was a while off... will check my figures.

Edit: right enough! I will pass under 60% total utilisation on Monday, only £113 away :T

edinburgher

I have sent off the forms to consolidate my final DC pension pot into my SIPP, now I can watch my investments dwindle in the one place

Fees are lower in my current SIPP, but there is an admin cost to transfer out of the old one and simplicity is the main aim.

For anyone who is interested, Vanguard are launching a SIPP by the end of 2018. Expect the fees to be very low, along the lines of their other products. Link to express your interest at the bottom of this page. With only moderate tinkering, it's possible to mirror one of their global accumulation funds with a total fee of less than 0.30% (platform + all other fees).

For people with kids, their JISA fees are also nice and low :T