10k in US share
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EvanWatson

Original Poster:

67 posts

163 months

Thursday 28th November 2013
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What is the cheapest way to invest 10k sterling in a US (NYSE) traded company?


walm

10,644 posts

232 months

Friday 29th November 2013
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Hargreaves Lansdown SIPP - the govt add £2.5k turning it into £12.5k.
Then buy the stock.
Then depending on your marginal rate of tax you claim back up to another £3k or so.

So you get £12.5k of the stock for £7k.
http://www.hl.co.uk/pensions/interactive-calculato...

northandy

3,540 posts

251 months

Sunday 1st December 2013
quotequote all
walm said:
Hargreaves Lansdown SIPP - the govt add £2.5k turning it into £12.5k.
Then buy the stock.
Then depending on your marginal rate of tax you claim back up to another £3k or so.

So you get £12.5k of the stock for £7k.
http://www.hl.co.uk/pensions/interactive-calculato...
True in that it's the cheapest way, providing you want to tie the money in till you retire.

limpsfield

6,678 posts

283 months

Sunday 1st December 2013
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Assuming your bank do Stockbroking probably easiest though them. You may need to fill out a form for US shares first, the name & number escapes me.

jfbrin

415 posts

202 months

Sunday 1st December 2013
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Try http://www.tddirectinvesting.co.uk/

The form is a W-8BEN tax document but your stockbroker will send that to you.