Investment & Investing

I left BofA a few months ago. The Merrill 'Benefits Online' phone app always showed the current value, vesting schedule etc.

They always tended to vest over 3 or 4 years
E.g. offer 100 shares in April 2020. First 25 in 2021, next 25 in '22 etc.
and if you leave then anything that's not yet vested will be cancelled

I'm going to be regularly receiving money in dollars from next year. What's the best UK provider of a dollar account with low fees?

We get money in dollars where I work. Most people use Wise to receive it (they provide you with a US account) and then convert it to pounds. The fees were the lowest when I last looked about a year ago.

Thanks. Looks like a toss up between Wise and Revolut from what I can ascertain.

revolut

I did have a dollar account with Starling but that was a few years back before Wise. I now use Wise but without foreign accounts, just move into EUR direct.

Don't you have to pay a monthly fee for a Revolut account that allows you to change significant amounts?

I have used Wise in the past for USD payments but, alas, I don't seem to get any nowadays - however the account is still free.

I guess Revolut always strikes me as the Hunt Wheels of banking!

does anyone use Freetrade? whats it like?

meh and I think kinda expensive for what it is

ah ok, weighing against ii where i have most stuff but was thinking of starting a pot somewhere else; whats bad about it?

🤢

Dodgy Russia business with strong ties to their leadership.

I wouldn't trust it as far as I could throw it. Your information is theirs. And come any conflict, it'll be a tool.

whoa! really? Source?

Source

Google

Don't you work in tue industry? Surely you know of Revoluts horror stories?

Don't you work in tue industry?

not anymore

that link doesn’t say anything about Freetrade tho

Freetrade

😑

You said Revolut ffs

ah! that was for dollar account lol

Would also like to know this @Tenderloin

I might just be annoyed with them bc my Yandex stock has been frozen for a year

but I think it's a bit expensive for what it is, I had issues executing some orders when there appeared to be lots of activity out of hours, the customer service is pretty meh. I would like better functionality eg to create different investment folder/pots and to better categorise shortlisted companies rather than just one big list.

Not really an investment question but I thought people here might know:

A friend of mine is Portuguese, long term UK resident. When her mum died she inherited 50% of her mum's flat in Portugal (other half is her brother's who is in Portugal).

A few years have gone by and now they are thinking of selling the place. It's seems there is CTG to pay in Portugal. Is it correct to that no UK tax liability would arise?

Is it correct to that no UK tax liability would arise?

I guess...under what set of circumstances in this situation would no tax liability arise in the UK?

A quick read of HMRC's stuff on this indicates that if you are resident, you pay CGT.

Did they pay inheritance tax on the property?

AFAIK no double taxation, which bizarrely the Americans are subject to unless they have an agreement with other nation, which with the UK they do.

A quick read of HMRC's stuff on this indicates that if you are resident, you pay CGT.

You'd likely (I've not checked if there is a treaty in place) get double tax relief on the Portuguese tax paid though.

Yeah. But it's very unlikely there is no tax to pay in the UK if you resident, and the question was about whether there was a UK tax liability. There is, if they are resident and not something weird like Non-dom.