You can invest in funds that don't deliver interest, but capital gain. Of course in a SIPP that is no help as anything taken out is classed as 'income'. If you have a SIPP take as much out as you can for low tax and invest in a straight capital gain pot.
Why isn't the 25% tax free?
I follow that the remainder is taxed, but I'm wondering what makes me so stupid?
That can be done. But what benefits does it get you over public servers? If you want moderation, moderated groups can be created on public servers. Meanwhile running your own server, you then become responsible for handling abuse by your users.
ISTM it just makes work for little benefit, and also massively reduces the audience.
If you want to have a private group for the 'exalted few', what would motivate them to stay and contribute? And why NNTP, over say an email list?
Also, I understand NNTP servers [primarily INN] are not 'pretty bulletproof' and need some handholding, because so few people run them.
Theo
The 25% is tax free, its your state pension that is taxed, so if you are drawing your state pension, can't take £50k from a private pension, you need to include your state pension...
Dave
Its all very well investing money into a gilt giving you over 5% now.... that yield does not go up with inflation over the next 30 years......
Correct. The interest is fixed at that rate for the term. However, there is the possibility of capital gain if long rates decline in future, making 5% paper more attractive in comparison.
Yes could be done, but I am not sure it addresses the main looming problems:
1 Decline of user visibility of usenet in general 2 Decline of USENET traffic in general 3 The slow death of available free news servers 4 The need for a way to draw new people into the conversation. 1 - ISPs no longer bundle or even talk about usenet - so there is little to prompt new people to even try it (and thinking back to AOL and the origin of the phrase "Eternal September" - it debatable if you want to encourage a subset of "everyone" to try it rather than just a subset of some set of self selecting "DIY fans"). 2 - linked to 1 and the attention captured elsewhere by forums and web based options, having ongoing access to usenet once there is no longer enough traffic to make it worthwhile, seems rather pointless. 3 - This is in some ways easy to fix - but without a connection to the outside world, it becomes an ever depleting pool of (mostly) grumpy old men talking about how it used to be! 4 - it needs to be something easy to find and easy to access.Currently the group's most visible asset is the wiki - it i easy to access, turns up on search queries, and gets masses of visits from many who have probably never accessed the group directly.
We could add a prominent link to that to directs people to our own forum (either self hosted, or on some other platform). However that does bring with it potential for extra work and cost etc. It would be nice if the current archive of usenet posts could be imported into the platform - easy enough if usenet based, but possibly more complex for other platforms.
JFTR a cheap-as-chips supplier of Usenet access is
Been around since 2001.
Click on GBP and then PAYG. Current cheapest offer is:
50 GB Metered Account £2.40 £0.05/GB · Auto-renews when used 50GB of Usenet text-only access will doubtless see one out. Could be worth a punt for a test session ready for when NIN goes and the free-access suppliers conk out.(Thanks to Joe for originally posting the link)
I didn't mean buying gilts directly (but there is nothing to stop you), I meant that now that 10 and 30 year gilts have returned to (sort-of) normal rates (>5%) then annuity rates from a pension provider are worth considering, including RPI linked annuities and those with a
3% annual uplift.Remember global stock markets went nowhere from the mid 1950's until Reagan and Thatcher got into power. That was quite a long time, and for anyone reaching retirement and assuming that they could use draw-down to ride the never-ending global stock market boom, beware.
The vast majority of people approaching retirement really don't have the ability to handle draw-down. Many more are susceptible to scammers. Annuities are the best option for this group. Combined with the
*PI-linked state pension it should suit their needs, but naturally it all depends on inflation. With the USA national debt now exceeding GDP and the UK and some EU countries not far behind, a period of long slow burn inflation or a shorter period of hyper-inflation (remember 1974 to 1978 where it was up to 25% per year) is bad news for fixed annuities and also tends to result in nasty corrections to equities (like 1974 and other periods).However inflation is the only way that western indebted governments can get rid of the debt and Labour goverments love it.
Forget 'growth', the West is ex-growth. Growth will only occur when the population distributions are tilted in favour of the under 30's.
The latest 'suggestions' from the Resolution Foundation should send a shiver up the spine of older people who have made the effort to build up decent private pensions and ISA's.
Beware of many ACC funds. I believe you still have to pay income tax on the interest accrued within the fund, even if it was not paid to you.
Check out the latest 'suggestions' from the Resolution Foundation. They (and the Limp Dems + Water Melon Party *) are keen to make CGT the same as your highest tax rate (and *NO* allowance for inflation).
(*) Cut a water melon in half. Nice Shiny Green on the outside, and blood red on the inside.
A while back I suggested looking at ukworkshop.co.uk but nobody responded so I'll try again.
I did go and look, got distracted as I'd not heard of "Gather" before and it sounded potentially good, but it seems it's a source for discussions with a distinctly USA flavour (guns, deer-hunting, gold refining etc).
I think you may have gone to the wrong place ... try again. (I've no idea what you mean by "gather" in this context)
gather seems to be a form of syndication between web forums, there was a banner at the top of the forum page, saying it was not available on gather. I got distracted into looking at that, more than looking at the actual ukworkshop forum itself ...
e.g. here is that ukworkshop forum, accessed via gather
straight to ukworkshop.co.uk (which has quite a good signal:noise ratio)
Sorry, either missed it or forgot to reply. I read ukworkshop every day.
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