UK Treasury bill - Treasury bill chat

It would be but ATM I haven’t got the money and it’s upto 5k you get in your ISA now :+1:t2:

What? When did this change fk me I could of had that maxed all this time oooooo.

So on plus plan it’s 5% on 5k?

Pretty sure it was the new tax year and in may? But do check with freetrade if it’s eligible on certain plans.
I pay for my subscription in full every year so unless it’s a perk for that?

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From what I can see it’s still 5 percent on 3k uninvested cash for the plus account. Are we talking about interest recived from freetrade? Or are we talking about the treasuries tenders per week?

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Think maybe I’ve mixed some numbers up :man_facepalming:t2:

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Indeed kind sir I think you did lol. You got me excited for a second there haha

Received

Anyone received their treasury for this week? Mine is still queued, last week I received my confirmation before 9 am. I wonder whether we weren’t successful in the bid this week?

4.92% this week :grimacing:

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Starting to drift lower :sob::cold_sweat: Will BOE cut at their next meeting do we think?

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Beginning to think a fixed rate savings account might be better.

well it is still a higher rate than savings accounts so far and probably pricing in another rate drop which a savings account will just do all in one go.

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Current predictions are October rate drop I believe.

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Apologies if this has been already answered (I couldn’t see it though). If you chose to buy Treasury Bills in a GIA, do Freetrade provide enough information about earning from the bills to properly submit a tax return, or is it like the Shares situation?

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I read UK gilts are exempt from Capital Gains .
From what I understand you get income from the treasury bill purchased on FT, and there is income tax on it.
Are there any other instruments available on FT, short maturity bonds?

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If you believe that yields are set to fall, an alternative to FreeTrade’s treasuries is an ETF such as iShares UK Gilts 0-5yr (IGLS and IGL5). This ETF not only offers the coupon yield but also benefits from capital appreciation of the bond (bond prices go up as yields fall) which is something the FreeTrade treasuries do not provide.

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Should hopefully see more of a rate around the 5% mark now that we got the hold today and it’s another 6 weeks before a cut.

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Yes there will be all the information needed in your tax certificate for the tax year.

The income you received is classified as savings income for tax purposes. A tax adviser will be able to help you with completing your return if needed.

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4.97% YTM achieved in this weeks tender :star_struck::heart_eyes:

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I was expecting less, tbh, so​:clap::clap::clap:

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I still think treasury is good in my mind especially for people with alot of spare cash who want to fling it somewhere safe. Nif course if you have a small amount and the plus plan then it’s better to just leave it in there.

I haven’t done any research to banks I know some pay well but I know they all come with certain querks like you must have this or that and sometimes they cap the amount as well.