Alfred Devonshire

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[Alfred Devonshire @AlfDevonshire]

@azeem Is this factoring in prompt caching? OpenAI does this for you automatically and charges 10% of the usual input token price for a repeated portion at the start of a query.

[Alfred Devonshire @AlfDevonshire]

@KrisAbdelmessih @paulg "His biggest worry now is tax strategy." - there's the problem.

[Alfred Devonshire @AlfDevonshire]

@RidyardMike Put it in your SIPP ideally so you get zero withholding tax on the dividends - that won't be the case in an ISA.

[Alfred Devonshire @AlfDevonshire]

@KathrynPorter26 @david_duguid @ClaireCoutinho There's not a lot of investment in UK companies inside pensions these days. Default option is a global basket, maybe 3% UK.

[Alfred Devonshire @AlfDevonshire]

@jsblokland I realise now this is exactly what you said in the original post!

[Alfred Devonshire @AlfDevonshire]

@jsblokland If I ask Claude with memory on then it tells me to invest in the iShares Physical Gold ETC and mentions "Fiscal dominance, de-dollarisation, central bank reserve diversification, commodity supercycle, bond-to-real-asset rotation"

[Alfred Devonshire @AlfDevonshire]

@John_Stepek @alanyouwanker @Finumus1 Clearly they are confused between net and gross profit margins. If you take 34% off every number to adjust they kinda aren't that bad.

[Alfred Devonshire @AlfDevonshire]

@Finumus1 @stuartshakesby Politicians override it anyway - e.g. the COVID inflation surge followed a year later by an earnings rebound was smoothed out to avoid two consecutive large rises.

[Alfred Devonshire @AlfDevonshire]

@Finumus1 @stuartshakesby The problem is the yearly reset - you could keep the triple lock and switch from yearly to running max and that would fix half the problems with it.

[Alfred Devonshire @AlfDevonshire]

@Finumus1 It's a stupid attempt at fixing a stupid policy, but particularly stupid they haven't yet worked out how to implement it given this was basically how it worked when we (stupidly) had mini and maxi ISAs.

[Alfred Devonshire @AlfDevonshire]

@dontdelay They only surveyed workers, so they aren't asking the already retired boomers.

[Alfred Devonshire @AlfDevonshire]

@dontdelay Why is it illustrated with a picture of a man making a PET as part of his inheritance tax planning? As you say they do seem to have got it backwards.

[Alfred Devonshire @AlfDevonshire]

@jacksri @John_Stepek @MerrynSW You can still salary sacrifice / pay in to SIPP to reduce income tax as before - e.g. the 60% marginal rate at 100k - it's just NI reductions that are capped.

[Alfred Devonshire @AlfDevonshire]

@rhomboid1MF Is that @ExpectingValue ?

[Alfred Devonshire @AlfDevonshire]

@entrustTMF @kwasi_stackbtc He was genuinely impressive on University Challenge - maybe this is a similar skill set?

[Alfred Devonshire @AlfDevonshire]

@thomasforth I bought some indoor monkey bars for my kids - made in Ukraine. Got stuck somewhere in Poland on the first shipping attempt but arrived eventually:
https://t.co/HUcUi5yBYh

[Alfred Devonshire @AlfDevonshire]

@unfixed_income @andrewdc208 @CasinoCapital The flexibility is for foreign income. For CGT you have to use the FX on the buy/sell date.

[Alfred Devonshire @AlfDevonshire]

@mdws876 @AtlasPulse @ii_couk @saxobank @IBKR_Europe Has appeared today - only in GIA not SIPP/ISA though.

https://t.co/2unED2mArP

[Alfred Devonshire @AlfDevonshire]

@DanNeidle @Frencheconomics @John_Stepek You need to adjust for the time to maturity of the gilt as the interest keeps on being paid every year - so for a 10y gilt issuance the 1.33% saving needed should be spread over 10 years - i.e. 0.133% reduction in yield.