monkikki
13 Oct 2016
Re: Why the drop? It went ex-div today. The price of a share often over-reacts to this.
Spain Fund
13 Oct 2016
Re: Why the drop? Asses 😡More shares to buy with dividend next week 😀[link] Life Plc (LON:SL) was downgraded by Barclays PLC to an “underweight” rating in a research note issued to investors on Thursday. They currently have a GBX 301 ($3.73) price target on the stock, down from their previous price target of GBX 315 ($3.90). Barclays PLC’s target price indicates a potential downside of 13.73% from the stock’s current price.
jake_walker
13 Oct 2016
Re: Why the drop? Barcap downgrade 'underweight' PT 301pence
arry the accountant
13 Oct 2016
Why the drop? Anyone?
itsnoteasy
14 Aug 2016
Re: Endownment policy payouts? Hi,Thank you for your replies and I now know I have no tax liability.As for the 75% return of the actual endowment mount I can't grumble in the current climate of very low interest rates.cheersine
Mike in Horwich
13 Aug 2016
Re: Endownment policy payouts? sound money, my dad sold these for many years as well. He worked for the S.L. Most of my earlier endowments met their target. The later ones were not as spectacular. He also sold me pensions - managed, equity and W.P. policies. Again, these are performing well.
sound money
12 Aug 2016
Re: Endownment policy payouts? Upon maturity, they are qualifying policies. So no tax liability even for higher rate tax payers.I'm think I'm right that you don't even need to put them on your tax return. Even if you did no tax to pay, definate.I sold these much maligned, but historically very successful savings vehicles for twenty five years.As to 75% of forecast, don't forget that much of the returns are in a low interest/ inflation enviroment that was not included in the forecast. So "real" returns probably better.M
Mike in Horwich
12 Aug 2016
Re: Endownment policy payouts? I'm self-employed and my accounts and tax affairs are handled by my accountant. I've had several endowment policies mature over the past 15 years and none attracted tax and as far as I'm aware the amounts were not even entered on my tax return.
itsnoteasy
12 Aug 2016
Re: Endownment policy payouts? Hi All,Mine (our) endowment matured earlier this year and received around 75% of what it was supposed to cover but well short of what we were told it could achieve all those (25) years ago but hey ho, something is better than nothing Quick question if anyone can help me please, are the funds I received taxable and do I show/declare them on a self assessment tax return? I'm a PAYE.Thanks in advance,ine
AlphaCentauri
12 Aug 2016
Re: SL ISAs Yes, I have had a lengthy conversation with them and cannot get any real sense out of it. I know this happened with my wife's ISA and it went up a couple of p before she got the units and they took the money (by DD not a straight bank card payment) over a week later. I have just been on the phone to M&G and they tell me if I phone and pay Monday morning I get the Monday noon price, Hey ho...!
Medway Man
12 Aug 2016
Re: SL ISAs Are you 100% sure in your research.......... as far as I recall they used to operate (as many do) a mid-day (noon) deal time, so depending on when your instructions reach trading desk, depends on whether it is that day or next?? Have you spoken to them?But they may have changed since I used them.............. I now use Equiniti Selftrade (formerly Selftrade) for my dealings both inside an ISA and outside of the wrap........ and generally get my contract notes for ordinary equities within minutes of dealing and usually the next day for Investment Trusts etc and set funds/plans.
batteryman15
11 Aug 2016
Re: Endownment policy payouts? There is also the final policy shortfall "top up promise" or what ever they call it? Again in the lap of the gods! Could be as high as 'X' could be as low as 'Y' but could also be nothing???? Not really a promise then! Also I have no idea how this is worked out - similar to the terminal bonus? I wait with avid anticipation for next year. Mortgage already paid off now anyway so its just spending money!All the best.
AlphaCentauri
11 Aug 2016
SL ISAs I thought of putting some money in a SL ISA but apparently it takes at least a week for them to take your money by which time the price can have moved either way. The same applies to top up payments for existing ISAs. I know the principle is monthly pound/cost averaging but am I being unreasonable in not being able to buy units at the daily quoted price?
sound money
10 Aug 2016
Re: Endownment policy payouts? I should add that these are "qualifying" polices for tax purposes and there is no liability for higher rate tax payers.M
sound money
10 Aug 2016
Re: Endownment policy payouts? OK, With a standard "with profits" you need to check your annual bonus statement.Look for the "guaranteed sum assured". This is the original amount that the assurance company would pay out upon maturity or death whichever came first, as long as you kept paying the premiums.Then look for the "annual or reversionary bonus". This annual bonus is declared on your statement . Once declared it is guaranteed and can be added in effect to the gsa.The terminal bonus is the dodgy bit. In recent years this has often become the largest part of the payout. It is more directly related to market conditions and is subject to change. It too is paid on maturity or death but is determined by the gods (actuaries ).So the first two bonuses are the bedrock of your policy, the terminal bonus is the cream on the cake.If these polices were with profit "low cost endowments" a mortgage related vehicle, they would also have a sum assured or death benefit. This would be higher than the GSA. For investment purposes this can be ignored.M
