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House Price Crash Forum


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Posts posted by tatty

  1. I picked up the 2015 Stock Market Almanac and some of the data seems quite interesting. There are certain shares which behave remarkably consistently over the course of a particular month for many consecutive years. This also stands for monthly/quarterly FTSE350 Sector Index performance.

    If the mantra about trends is correct would it a strategy of following previous years monthly/quarterly performance have a positive expectation or is it another fool's errand?

  2. You should check your own insurance, this usually has some sort of legal cover for this type of thing.

    Your lawyers should deal with his lawyers, etc....

    I spoke to my insurer and they said they won't get involved because the growing process will have taken so long and they didn't offer any legal support.

  3. Short version:

    1. Landlord next door has rented out for last 18 months

    2. Ivy grew up from their land in to my garage

    3. Rang the landlord and he paid for it to be cleared and organised a roofer for a quote

    4. Quote came back at £2000 to repair damage

    5. Loss adjuster/landlords insurance company have said it's the tenants fault

    6. Tenant says contract states she is to remove nothing from the garden (and you could question why the landlord paid for the ivy to be removed if it was her problem)

    7. Tenant moving out this month

    8. Landlord texted saying all dealings need to be through his insurance company and they've told him to send any mail

    unopened to them

    I'm pretty pissed off that he's palmed the issue off and left me having to pick a fight with his insurance company. Is this the norm and can he just pass on a solicitors letter ? He'll be looking to rent out again and I know any disputes have to be mentioned to potential buyers but what about tenants (i'm not going anywhere for a few years).

    I'm sure i'll calm down a bit in the morning. :D

  4. Inflation and QE may well be a subtle enough form of theft that the average person doesn't perceive it to be so but this is forcing people to open their wallets and physically hand over the cash - it's madness.

    How bad could the alternative options have been that they decided on this one?

    This will reverberate around Europe because it is so easily understood and to the layman, grossly unfair.

    The EU have played a blinder here.

  5. A few years ago many of these schemes took holidays where they stopped paying in for a few years because the commitments could easily be met with the funds currently available. Executive bonuses all round IIRC using the monies the companies did not have to pay into the pension schemes. Now these schemes are closed to new entrants or can't meet their commitments.

    That's what our company did.

  6. Thanks guys, my employer is making 'moves' on the pension scheme predicated on very poor gilt yields making the scheme unsustainable in its present form.

    I appreciate that it is very difficult for private sector employers to plug the deficits as required by trustees but it does seem that a 'once in 300 years' event is being used as justification for attacking the scheme without consideration of the impact on deficits of a return to the long-term average returns on gilts or indeed government plans to introduce legislation allowing trustees to 'smooth' forecast returns which will also reduce deficits.

    All that said, if the money isn't there then no amount of financial trickery will make it appear come claiming time.

  7. I've been trying to find out what the historical average yield on 10 year UK Gilts from first issuance and also from post-WWII. When Gilts are discussed am I right in thinking that the 10 year is the generally accepted reference point? I've checked the UK Debt Management Office and othe sites on the web with no luck.

    If anybody can help i'd appreciate it muchly.

  8. And even if they do tax this, then in affect they are taxing defined contribution pensions whilst not taxing the superior defined benefit pensions, that's going to be a hard polictical sell, and i'm sure a rich lawyer somewhere will challenge the different tax treatments of defined contribution versus defined benefits, probably breaks human rights :)

    Why would this rule change not affect a defined benefit scheme?

  9. I don't think that is quite true. The pension contributions made by the company that relate to the employees 'contributed share' are accounted for separately and listed as an item on the payslip. If higher rate tax relief on pension contributions was abolished then HMRC would also stippulate that 'employee' pension contributions would no longer be sacrificable at the marginal rate.

    In otherwords contributing via a salary sacrifice scheme (which is how most schemes are run now) would not avoid the change.

    The government aren't *that* stupid.dry.gif

    In this case how would a defined benefit scheme be affected? I assume either the members and/or employers would need to make up the shortfall?

  10. I've read the suggestions in the msm about the removal of upper rate of tax relief for pension contributions.

    I'm an upper rate taxpayer in a final salary DB scheme which uses salary sacrifice for pension contributions.

    Would I be correct in thinking that because my pension contributions are made via salary sacrifice then a reduction to a flat rate 20% rebate on contributions won't affect me?

  11. I've been trying to work this out after a conversation at work the other day (doesn't affect me unfortunately).

    I get it that for every £2 over £100,000 you lose £1 off your allowance of c£7500 which is why £115,000 is the upper level for this marginal rate.

    What i'm not sure of is what the total tax take is.

    1. Are you taxed at 20% or 40% on the c£7500 you lose?

    2. Does employee NI stop at c£40,000 for 12% with 2% on everything above?

    I've seen websites saying the marginal rate is 61.5% so i assume it works out as this:

    40% of the £15,000 = £6000

    40% of c£7500 = £3000

    2% of £15,000 = £300

    Total c£9,300 = c62% of £15,000

    Is this right?

  12. If Betdaq eventually build the critical liquidity levels needed to trade on tight back/lay prices then there will be an exodus from BF.

    I've used the site for years and thought it was the best thing since sliced bread when it first started - now i'd happily see it fold.

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