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Thrugelmir
Posted: 20 June 2024 16:00:28(UTC)
#114

Joined: 01/06/2012(UTC)
Posts: 5,333
SF100;309373 wrote:
Isn't wage inflation averaging 6%?
Plenty cash sloshing around as far as I can see
Holiday flights & restaurants choc a block

FWIW also noticing large uptick in cheaper brand new cars in the road, eg MG, Hyundai


Increase in interest rates has (at least temporaily) boosted the money supply. Borrowing rates are lagging. While savers (who are outnumber borrowers) are reaping the benefit. Funny old world. Not as straightforward and predictable as you'd think. Unwinding QE was never going to be a precise science and that's the way it's turning out to be.

Distribution of wealth due to QE has been very unequal. Reflected now in the more turbulent political environment around the globe that exists.
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royshaft
Posted: 07 July 2024 17:10:08(UTC)
#115

Joined: 24/05/2024(UTC)
Posts: 11

Thanks: 28 times
Was thanked: 14 time(s) in 6 post(s)
I use the " Vanguard Sterling Short-Term Money Market " fund .
Basicaly a basket of bonds and UK treasury bills .
Yield 23/24 5.2%.
Pays monthly , accumulation or income .
Ongoing charge 0.12% .
Suits me for now .
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3 users thanked royshaft for this post.
Jay P on 07/07/2024(UTC), Keith Clunk on 07/07/2024(UTC), c brown on 08/07/2024(UTC)
Imperius Rex
Posted: 07 July 2024 20:04:54(UTC)
#116

Joined: 20/01/2024(UTC)
Posts: 22

Thanks: 23 times
Was thanked: 60 time(s) in 17 post(s)
royshaft;311259 wrote:
I use the " Vanguard Sterling Short-Term Money Market " fund .
Basicaly a basket of bonds and UK treasury bills .
Yield 23/24 5.2%.
Pays monthly , accumulation or income .
Ongoing charge 0.12% .
Suits me for now .

Out of interest, how is this taxed?

If it’s income tax, then it’s on a par with what you can currently get on an instant access bank account.
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1 user thanked Imperius Rex for this post.
royshaft on 08/07/2024(UTC)
bingo
Posted: 08 July 2024 06:41:59(UTC)
#117

Joined: 28/10/2019(UTC)
Posts: 118

Thanks: 67 times
Was thanked: 178 time(s) in 72 post(s)
Imperius Rex;311267 wrote:
royshaft;311259 wrote:
I use the " Vanguard Sterling Short-Term Money Market " fund .
Basicaly a basket of bonds and UK treasury bills .
Yield 23/24 5.2%.
Pays monthly , accumulation or income .
Ongoing charge 0.12% .
Suits me for now .

Out of interest, how is this taxed?

If it’s income tax, then it’s on a par with what you can currently get on an instant access bank account.


I think most people will be using it in an ISA or SIPP because there is no access to bank accounts in those wrappers.
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1 user thanked bingo for this post.
royshaft on 08/07/2024(UTC)
royshaft
Posted: 08 July 2024 13:47:33(UTC)
#118

Joined: 24/05/2024(UTC)
Posts: 11

Thanks: 28 times
Was thanked: 14 time(s) in 6 post(s)
Hello Imperious Rex .
It's in my SIPP .
My SIPP is fairly new and i stuck the cash into this for five minutes , but actually liked the monthly income so kept it going after i had sorted out the portfolio .
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2 users thanked royshaft for this post.
Helen L on 08/07/2024(UTC), Imperius Rex on 08/07/2024(UTC)
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