Investing grandparents money

csmager said:
Because withholding tax is usually creditable against UK tax (so you pay the higher of the two only - which for HR taxpayers is likely to be UK).

We also have double tax agreements with many countries that limit the WHT rate.
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Much more sensible then. Mangobreader said "in addition" which was a bit ambiguous (even though he probably meant what you said).
 
Aloreth said:
I qualified as a financial advisor whilst working as a stockbroker...I simply have a very basic understanding of bonds / pref shares etc.
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Does not compute :p. An ex-stockbroker and qualified financial advisor with a very basic understanding of bonds and preference shares?! By stockbroker do you mean taking orders over the phone? Don't get precious again about people putting you down, I'm just curious ;).

Aloreth said:
If someone has some information in general terms on in investing in bonds / pref shares it would be appreciated.
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There are some decent tutorials on Investopedia, albeit geared towards the US instruments markets. Same principles generally apply though. This page might be of interest for some general info: http://www.investopedia.com/ask/bonds.asp. Presumably you are able to calculate the interest rate required to break even on a bond investment?
 
ghost101 said:
So you pay a 35% witholding tax in Switzerland and then the relevant income/dividend tax in your country of residence. Who on earth (other than a Swiss) would want to invest in Switzerland then?
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because the monies are reclaimable depending on what entity type you are, for example if you are a UK pension scheme then a 35% reclaim is applicable.

and if you were investing in australia the level of witholding tax on a non treaty basis is 30% however if you are treaty eligible then you can claim 15% Releif at source, with no doc up front as Australia is a non disclosure market.
 
Robbie G said:
Does not compute :p. An ex-stockbroker and qualified financial advisor with a very basic understanding of bonds and preference shares?! By stockbroker do you mean taking orders over the phone? Don't get precious again about people putting you down, I'm just curious ;).

There are some decent tutorials on Investopedia, albeit geared towards the US instruments markets. Same principles generally apply though. This page might be of interest for some general info: http://www.investopedia.com/ask/bonds.asp. Presumably you are able to calculate the interest rate required to break even on a bond investment?
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I was only with the company for a short time, was training as a stockbroker but you are indeed right, was execution only at first. Was there long enough to qualify as an IFA and also realise that the qualification isn't worth the paper its written on! Didn't mean to overreact, just get ****ed off at people that don't bother to answer my questions and have the attitude of 'god, don't you know anything?'

Will have a look at your webby thanks - at work at the mo so guess I really should be doing some....
 
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