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  • bored_of_debt
    bored_of_debt Posts: 175 Forumite
    I'm thinking of opening a HB account, if I open and was to decide not to use it for whatever reason will I be charged anything? There's no anual fee as far as I can see...

    Also, if HB was to fold what security would I have on my investments?
  • bockster
    bockster Posts: 448 Forumite
    don't know about investment security, although i'm sure it'd be covered by something (it does'nt worry me, i'm with hb)
    there's no charges on the account apart from actual dealing charges,
    i believe you would incurr no charge with your scenario.
    unless its an isa account you open then they require a payment of £50 up front on opening it
    hth.
    Please note, we've had to remove your signature because it was sh*te!
  • bored_of_debt
    bored_of_debt Posts: 175 Forumite
    Cool thanks. I'll stick to the virtual for a little while then begin for real...
  • savermonkey
    savermonkey Posts: 49 Forumite
    edited 11 May 2009 at 7:44AM
    Just wondered if any one here would know, is there any reason not to buy into Citigroup? (NYSE)

    I've filled in the W-8BEN forms, does this exemt me from US tax? Little confused. Can't see how this would be possible!

    Anybody like to shed light?
  • tonyhamm
    tonyhamm Posts: 221 Forumite
    Yes - it stop you having to pay tax because you are registered as an alien
    so says another ordinary mug fighting the 1% who own the political machine grinding them down from on high...
    :A
  • tradetime
    tradetime Posts: 3,200 Forumite
    Just wondered if any one here would know, is there any reason not to buy into Citigroup? (NYSE)

    I've filled in the W-8BEN forms, does this exemt me from US tax? Little confused. Can't see how this would be possible!

    Anybody like to shed light?
    A W8-BEN form is issued by brokers to foreign nationals / residents who are entitled to claim a tax exemption in the US under the tax treaty that exists between the US and their country, the idea is to prevent dual taxation, that is the individual being taxed both in the US and their own country. A broker executing trades on your behalf requires this form.
    Hope for the best.....Plan for the worst!

    "Never in the history of the world has there been a situation so bad that the government can't make it worse." Unknown
  • keithboy40
    keithboy40 Posts: 303 Forumite
    Part of the Furniture Combo Breaker
    Hi,

    I have Standard Life shares, however can't find my share certificate. What do i need to do to sell them.
  • sabretoothtigger
    sabretoothtigger Posts: 10,036 Forumite
    Part of the Furniture 10,000 Posts Photogenic Combo Breaker
    edited 17 May 2009 at 10:01PM
    You wont have a certificate as such, they only went public in 06 so its all nominee accounts now.

    Dont you get a dividend paid of some sort, there is a pay out end of this month for example

    Phone up Computershare and ask them about it, they will be holding them almost certainly


    http://www.standardlife.com/shareholders/managing.html

    Computershare Investor Services PLC is our chosen share registrar. They provide share dealing services online and by phone. They also look after you in other ways such as sending out share account statements and calculating dividend payments.

    If you have any questions about your shares visit www.computershare.com or call Computershare on:
    United Kingdom 0845 113 0045 or +353 (0)1 431 9829
    is there any reason not to buy into Citigroup? (NYSE)
    Their insolvent? Is there any reason to buy would be a better question, plenty of reasons not to. They were under a dollar not that long ago, just before they announced their earnings on negative speculation. Maybe its best to see when is their next report and buy just before then.
    The currency itself may also be on a downtrend now? Which means you suffer a double jeopardy from long term holding
  • prudryden
    prudryden Posts: 2,075 Forumite
    Just wondered if any one here would know, is there any reason not to buy into Citigroup? (NYSE)

    I've filled in the W-8BEN forms, does this exemt me from US tax? Little confused. Can't see how this would be possible!

    Anybody like to shed light?

    The W-8BEN tells the US that you are not a US person and that you are resident in a certain country. This tells them what tax treaty to use for deducting taxes on dividends. Capital gains taxes are not applied. E.Q. Should Citigroup continue paying a dividend of .01ct, then tax will be deducted at 15% if your residence for tax purposes is in the United Kingdom. You then apply for a tax credit on your UK tax return.

    If you don't have a W-8ben on file, then the proceeds (not the profit) will be taxed at 30% should you sell your holdings in Citigroup. You may end up having to file a US tax return to get it back.
    FREEDOM IS NOT FREE
  • turbobob
    turbobob Posts: 1,500 Forumite
    I was attempting to buy an ETC through TD Waterhouse (an ETFS Securities Ltd fund listed on the LSE - AIGC) but their system is not allowing me to do it as it says invalid stock code. I telephoned their helpline and after a long discussion they agreed the stock code was valid, but couldn't offer any further explanation and put me through to a queue for their dealing line. I hung up after a while of queueing. Besides I didn't want to pay their telephone dealing rates which are much higher than online.

    I would have thought these ETC's should be as easy to trade as any other share? Obviously not in this case. Has anyone used this company to deal with ETCs?

    Secondly, I'm considering moving accounts. Would E-Trade be a reasonable choice?
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