Budget today, any last minute predictions?

ukdw

re UK/GB ISA.  My thoughts on how this could be useful for people who want to maintain a realistic overall world index profile is 
1. While they have plenty of other 'world index'  funds already in ISAs/pensions - then each year add another £25k into ISAs - with £20k world ex-uk, and £5k uk only, plus also at the same time convert  about £75k of World in World-ex-uk to balance things out.
2. Once  in a few years time <£75k of world index funds left then either put in only about £1k a year into the UK ISA (plus £20k  World ex uk) or find some more complicated world-ex-uk funds that are actually minus 4% uk if that is possible.

najan49

ukdw said:

re UK/GB ISA.  My thoughts on how this could be useful for people who want to maintain a realistic overall world index profile is 
1. While they have plenty of other 'world index'  funds already in ISAs/pensions - then each year add another £25k into ISAs - with £20k world ex-uk, and £5k uk only, plus also at the same time convert  about £75k of World in World-ex-uk to balance things out.
2. Once  in a few years time <£75k of world index funds left then either put in only about £1k a year into the UK ISA (plus £20k  World ex uk) or find some more complicated world-ex-uk funds that are actually minus 4% uk if that is possible.

Easy - just split the investments between a world ex UK and a UK fund in the appropriate proportions.

Sterlingtimes

RogerPensionGuy said:

It's funny that scrapping the LTA was supposed to help keep more people working and I feel that's good, but with Labour saying they will play hardball with the LTA on their arrival in government, it did the opposite for me and because I have little faith in the last 18 years of pension football, I stopped working and doing various pension stuff before the next election. 

I worked my final three years as a contractor and maxed out on pension contributions until I reached my LTA, at which point I called it a day. There is always a pension threat hanging over us: even having retired, there is the prospect of a pension punishment for living until age 75. 

Pat38493

Hoenir said:

Pat38493 said:

Have they considered the possibility that nobody is investing in UK equities because they have been performing poorly for at least the last 10 years, arguably due to mismanagement of the overall governance of the country and economy?  

Your comment is fundamentally flawed. Given up refuting it now as heard it so often for over many years. Concerning that people are investing in equities that haven't grasped the basics of. 

I'm guessing you either mean that past bad performance is not a predictor of the future, fair enough but it still could end up being the case, or that UK companies are not dependent only on the UK economy for their profits.

It does appear to be though that generally UK stock market indexes have underperformed, whether that's for rational reason or not.

It also depends a bit on what they really mean but having the money in UK investments.  It was trumpeted yesterday as being investments in "small UK companies".  On the other hand if it's just in investments that are listed on the UK London stock market, you could just invest it in for example a global tracker ETF and still get the extra £5K, which rather defeats the point.

There was also a guy on the radio early this morning from AJ Bell claiming that 50% of the funds of their DIY investors is already invested in "the UK", which is surprising but I think his point was also that you have to move what pension companies are doing to make any real difference.