big_g Posted October 27, 2013 Share Posted October 27, 2013 I may be wrong but don't you also have to pay tax on any profit that may arise from the share purchase. You also need to take this into account. Only if the profit is more than about £10,000 - http://www.hmrc.gov.uk/rates/cgt.htm#1 Link to comment Share on other sites More sharing options...
jfish1936 Posted October 28, 2013 Share Posted October 28, 2013 It's not usually a good idea to buy shares in the company that you work for; if they go bust, you lose your job and your investment. Happened to a son of mine, part of whose pay was in shares! Link to comment Share on other sites More sharing options...
Winemaster Posted October 28, 2013 Share Posted October 28, 2013 Is your mortgage a flexible one in that you can make regular over payments and still be able to withdraw what you have paid in at your request ? Link to comment Share on other sites More sharing options...
FACEBOOK Posted October 28, 2013 Share Posted October 28, 2013 With all things considered, I'd probably put the money into gold. Your shares and house aren't going to be much use to you come the Zombie Apocalypse. Link to comment Share on other sites More sharing options...
barleycorn Posted October 28, 2013 Share Posted October 28, 2013 With all things considered, I'd probably put the money into gold. Your shares and house aren't going to be much use to you come the Zombie Apocalypse. Neither's gold. He would be better off investing in a pointy stick. jb Link to comment Share on other sites More sharing options...
truman Posted October 28, 2013 Share Posted October 28, 2013 Neither's gold. He would be better off investing in a pointy stick. jb Or a large set of vinyl records Link to comment Share on other sites More sharing options...
FACEBOOK Posted October 28, 2013 Share Posted October 28, 2013 Neither's gold. He would be better off investing in a pointy stick. jb I'm not going to need a pointy stick, IN FIJI. You stay holed up in your house waiting for the invasion like sitting ducks. But me, I'll have bought my ticket on the only chopper out of the vicinity. This is going to be you And this is going to be me. Link to comment Share on other sites More sharing options...
big_g Posted October 28, 2013 Share Posted October 28, 2013 It's not usually a good idea to buy shares in the company that you work for; if they go bust, you lose your job and your investment. Happened to a son of mine, part of whose pay was in shares! This is a sharesave though - you put money away into a 'pot' which will be administered by a building society. At the end of the term (36 or 60 months), you buy the shares at the price that the shares were at the start of the scheme - usually the price is discounted too. If the firm goes bust or is going bust, you simply draw your money out of the scheme. If the firm's shares double in price, you buy the shares [and sell them at a profit]. If that profit is more than about £10,600 - you'll pay capital gains tax on the bit above the threshold. Link to comment Share on other sites More sharing options...
Lockjaw Posted December 20, 2013 Share Posted December 20, 2013 The market's probably at a low point at the moment, so things could only get better. Hiya Gleadly. Why do you think the market's at a low point? Secret Link. Link to comment Share on other sites More sharing options...
El Cid Posted December 20, 2013 Share Posted December 20, 2013 Buying shares is risky, especially in the present economic climate. There is no "economic climate", its just a gamble, whether that is in 2014 or 1980. I cashed some shares in Interserve a few months ago, they trebled in around 5 years; but I also have shares in RBS I havnt a clue if they are worth anything at all. Link to comment Share on other sites More sharing options...
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