Savings

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city2

Well-Known Member
Joined
8 Apr 2012
Messages
5,242
Ok so people on here with savings are you actually worried about if the chancellor comes to tax you on them and what precautions are you taking or is everyone waiting to how the budget goes and then every man, dog, children rush to the banks to releases millions of pounds or even hundreds of pounds to stop getting ripped off.
 
You work hard, save, pay your taxes and NI etc .....do the right thing for your family then they come and take 40% of it or take the lot if you need looking after.


Fuck that.....Claim claim claim, rob rob rob, get pissed , take drugs, arse about on Jeremy Kyle shows and it's freemans all the way.
 
city2 said:
Ok so people on here with savings are you actually worried about if the chancellor comes to tax you on them and what precautions are you taking or is everyone waiting to how the budget goes and then every man, dog, children rush to the banks to releases millions of pounds or even hundreds of pounds to stop getting ripped off.
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Hate to break it to you but you’re already taxed on interest on savings unless they’re in an ISA. Worst case is there will be a few tweaks to the rules on rates or allowances. They’re not going to come and take a proportion of the contents of your savings account. Most people won’t even notice the difference as most savings interest rates are so low anyway.
 
Worsleyweb said:
Labour for you - work hard, plan, save, take risks and they will come in and penalise you more for it.
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Yeah, if yer don't splurge yer hard earned on MCFC STs, car parking, Sky 'n TNT subscriptions, cruises and assorted fripparies but put it aside for yer roof fallin' in, then HMG will be there with pikes 'n muskets to relieve you of it anyway.
 
city2 said:
Ok so people on here with savings are you actually worried about if the chancellor comes to tax you on them and what precautions are you taking or is everyone waiting to how the budget goes and then every man, dog, children rush to the banks to releases millions of pounds or even hundreds of pounds to stop getting ripped off.
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Have a sizeable investment portfolio both in ISA and outside but not too worried as there is nothing I can do about it anyway…

It’s those ‘non working people’ I feel sorry for, you know the small business owners who don’t take proper wages so the business can grow, only to be hit by larger CGT when they sell in the next couple of years..
 
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kaz7 said:
I have a few shares from a job i had in the nineties , not much , i am going to sell them on monday before she taxes shares
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She’s not going to take any of your shares.
Worst case she might increase the tax on your dividends.
 
Reading some of the posts on here it’s difficult to understand how some people have turned a blind eye to the last government increasing taxes to record levels by freezing allowances for years, and then leaving the economy in such a state that the new government has no alternative but to squeeze taxpayers even more. But yeah, it’s all Labour.
 
west didsblue said:
Hate to break it to you but you’re already taxed on interest on savings unless they’re in an ISA. Worst case is there will be a few tweaks to the rules on rates or allowances. They’re not going to come and take a proportion of the contents of your savings account. Most people won’t even notice the difference as most savings interest rates are so low anyway.
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Not true.
A basic rate tax payer can earn £1000 interest tax free each year.
 
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