Joined: 25/08/2023(UTC)
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L.P.;324011 wrote:L.P.;323770 wrote:Jay P;323748 wrote:SF100;323735 wrote:Jay P;323711 wrote:
And anyway, tbh, a guaranteed tax free 4.7/5.0pc is a perfectly acceptable back up income from that part of the ISA for us.
With TR25 maturing in March, who knows where that cash will be next invested- tax free.
Rather than wait until Jan, you could sell all or part right now, and lock in 4.7% for the next 30 odd years... Noted that you'd still get the accrued interest from since the last coupon was paid in July Indeed, thanks vm. It's a very good point, and one I've been cogitating for a while as the longer gilt yields have increased somewhat. Actually have been doing so in the SIPP with its long term horizon. I'm not wedded to the full 20% gilt allocation in the ISA particularly though, and currently plan to leave it to see where the markets are next year. Unless TR43 hits 5% that is. T42 (4.5%) did actually hit 5% this time last year. I topped up at the time at around 94p but it did go to 93something. Long duration could be back closer to 5% as early as tomorrow afternoon (4.70%ish at the moment). Edit… As per SF100’s suggestion regarding your TR25 (I hold a good chunk of the same), I will be watching the both the budget and gilt prices live tomorrow lunchtime ready to act. Here we go… 4.83% on 20yr gilts. Another 0.5% and we were in Truss fiasco territory. Doesn’t say a lot for Reeves standing in the financial markets after her first budget. High taxes - high spending - no growth is the markets view it seems. Thank you both. TR25 sold in entirety in SIPP, and balance shared between TR43 and T54. And...couldn't help it. In ISA, likewise sold some of TR25 holding and managed to grab 155079 TR43 at 98.27. Time 1354.
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