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Disappointing that it seems difficult to actually sign up for – "real-time view" hidden behind layers of legalese and licensing, although it's pleasing to see t

Disappointing that it seems difficult to actually sign up for – "real-time view" hidden behind layers of legalese and licensing, although it's pleasing to see the fees are effectively nothing for individuals or small firms. They're not exactly in the SaaS-era of live demos or trivial sign-ups for immediate access, are they? Why do we insist on actually useful interfaces into the economy and banking system being hidden behind such bureaucratic complexity? It's like the Open Banking gift that keeps on giving – if it were truly "Open", I'd have an API I could actually use to talk to all of my banks, rather than what feels like a closed shop (certainly for the average retail individual who just wants a feed from their bank).

cjs_ac 4mo ago
There’s also a lot of bureaucracy involved in participating in the gilt market directly, rather than using an intermediary. https://www.dmo.gov.uk/investor-information/retail-investors/purchase-sale-service/ https://www.dmo.gov.uk/investor-information/retail-investors... I don’t think the Treasury really wants to deal with amateurs.
- pjc50 4mo ago
  No, but you can hold them through the standard range of intermediaries and still get the tax advantage. NS&I offer a range of retail products - https://www.nsandi.com/guaranteed-returns https://www.nsandi.com/guaranteed-returns is a good option but does NOT come with the tax exemption.
  - monkeydust 4mo ago
    the tax exemptions make it very attractive place to hold cash versus bank accounts - if your a UK citizen google (or AI) - low coupon gilt investing.
    - pjc50 4mo ago
      Eh, for most people it's simpler to just use a cash ISA which can provide almost the same rates. Most people don't want or need to carry a huge cash float as opposed to other kinds of investment.
      - gpderetta 4mo ago
        Well, yes, but after maximizing an ISA that's still an option. Also the government is clamping down on cash ISA.
        cjrp 4mo ago
        I think they're clamping down on cash held in Stocks and Shares ISAs, not Cash ISAs.
        gpderetta 4mo ago
        As the government wants to encourage people to be invested and not hold cash, from '27 you'll only be able to add 12k in Cash ISA. They are planning to also change the limit on cash held on S&S ISAs to avoid an easy workaround for this limit
        cjrp 4mo ago
        Ah I see, I wasn't aware of the Cash ISA change too, thanks.
      - zipy124 4mo ago
        That only works if the capital is already in an ISA or you want to invest less than £20k (soon to be 12k) though. It is common to use gilts to build a gilt ladder to have some level of guaranteed income for older/retired people. This allows you to build your own cheap annuity.
  - blitzar 4mo ago
    You can fully minimise tax by making 0 as well.
- Pawenniag 4mo ago
  That's probably true
Pawenniag 4mo ago
This is the frustrating pattern with a lot of "open" financial infrastructure

cjs_ac 4mo ago

There’s also a lot of bureaucracy involved in participating in the gilt market directly, rather than using an intermediary. https://www.dmo.gov.uk/investor-information/retail-investors/purchase-sale-service/ https://www.dmo.gov.uk/investor-information/retail-investors... I don’t think the Treasury really wants to deal with amateurs.

pjc50 4mo ago
No, but you can hold them through the standard range of intermediaries and still get the tax advantage. NS&I offer a range of retail products - https://www.nsandi.com/guaranteed-returns https://www.nsandi.com/guaranteed-returns is a good option but does NOT come with the tax exemption.
- monkeydust 4mo ago
  the tax exemptions make it very attractive place to hold cash versus bank accounts - if your a UK citizen google (or AI) - low coupon gilt investing.
  - pjc50 4mo ago
    Eh, for most people it's simpler to just use a cash ISA which can provide almost the same rates. Most people don't want or need to carry a huge cash float as opposed to other kinds of investment.
    - gpderetta 4mo ago
      Well, yes, but after maximizing an ISA that's still an option. Also the government is clamping down on cash ISA.
      - cjrp 4mo ago
        I think they're clamping down on cash held in Stocks and Shares ISAs, not Cash ISAs.
        gpderetta 4mo ago
        As the government wants to encourage people to be invested and not hold cash, from '27 you'll only be able to add 12k in Cash ISA. They are planning to also change the limit on cash held on S&S ISAs to avoid an easy workaround for this limit
        cjrp 4mo ago
        Ah I see, I wasn't aware of the Cash ISA change too, thanks.
    - zipy124 4mo ago
      That only works if the capital is already in an ISA or you want to invest less than £20k (soon to be 12k) though. It is common to use gilts to build a gilt ladder to have some level of guaranteed income for older/retired people. This allows you to build your own cheap annuity.
- blitzar 4mo ago
  You can fully minimise tax by making 0 as well.
Pawenniag 4mo ago
That's probably true

Pawenniag 4mo ago

This is the frustrating pattern with a lot of "open" financial infrastructure