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Replying to Avatar The Bitcoin Chef

My wife came up with a potential strategy (UK) for MSTR.

Put spare money into an ISA in MSTR. Any gains under £20k per year are cap gains free. If you get some good gains. Just before the end of the tax year. Take profits and put into a SIPP (personal pension) in MSTR. This would help off set your personal tax owed as pension contribitions are tax efficient. If over the year MSTR has done well (we think so) then you can use the tax free gains to reduce your income tax. If this is allowed then my wife is one clever lady. Someone tell me if this can be done. #cheatcode 🫡

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mike 1y ago

My IRL pal nostr:npub1cvq7p3zwtqym3xhxuj5cc2xa3hdk2zjnx2p64epjs06tmzx3zzpq5ut995 talks about this kind of thing all the time.

What do you think Joss?

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Joss 1y ago

So Jamie is correct. All gains arising in UK SIPPs and ISAs are tax free. I've loaded up on MSTR in both and it's going well.

There is an alternative which is to buy Bitcoin in company pension called a SSAS but you need a company and HMRC approval to do that.

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Joss 1y ago

*James

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