Verifying A TAX ID number
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luisa
Apprentice
Joined: 18 Nov 2003
Posts: 5
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 Posted: 09/23/07 - 06:52 Post subject: |
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| I would soon be paid a tax-free stipend. I hope that I could invest some of this money. What tracker should I use? Is it possible to have the dividends paid gross instead of them being automatically taxed? I will be looking to invest about couple of hundreds per month. I have looked for some management fee of mostly 0.1. Do you have any suggestions for investments for a non-tax payer? One other question. Could I verify a tax ID number? |
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monti
Apprentice
Joined: 24 Sep 2006
Posts: 11
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| Posted: 10/12/07 - 21:44 Post subject: |
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| I am in the same situation as you. Low charges are a benefit but if you pick a tracker just for that then you are looking at mid table performance. I would recommend you invest in regular saving accounts. When the quarterly grant comes in you can drip feed what you do not need to live off into a number of the regular savers. I have made some investments in shares to. I decided against an ISA share dealing account, as they seemed to offer no protection against capital gains tax and did not offer any benefit. In addition, if you purchase shares in companies based in for example Gibraltar you do not have to pay stamp duty. So do not invest what you cannot afford to loose. By my opinion, sticking all the money into one fund is also a bad move. It does not matter if that is tracker or managed. You could try to verify tax ID number through credit bureaus. |
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