Budget 2024

[Millwallawayveteran1988]

Regardless of reliefs that are available that money wasn’t taxed and now is at 40 percent. There are ways to mitigate any taxes post 75. I’ve paid my taxes why should my money be taxed again.

But you haven’t on unused pensions. You have had tax relief.

 

[Silva Citizen]

But you haven’t on unused pensions. You have had tax relief.

Mainly at 20 percent. The tax is 40

 

[The Future’s Blue!]

If todays budget had been delivered by a Tory Government, those currently complaining would be wanking themselves silly.

I just don’t understand how people have a staunch political affiliation. I look at politics and say to myself ‘The right person for the job in-hand’, and whichever I think will do the best will get my vote.

After that absolute shit-show from the Tories, I’d be embarrassed to say that I supported them. They even complain that Labour are more Tory than the Tories, yet fail to see the irony in what they’re saying.

Anyway, onwards and upwards, as they say ;-)

 

[denislawsbackheel]

So at a stroke Starmer and his twatty party has stolen 40 percent of my surplus pension from my heirs by bringing pensions into IHT.

Oh dear.
I pity them only getting a million and then 40% of what

What is good about it - It’s outright theft - I chose to invest in a pension because the rules were in place that made it the best place for my family. At a stroke this twat has stolen 40 percent.

rules that only began in 2015.

 

[denislawsbackheel]

Fear no more over Pip, that Tory thinking has been quashed by Labour

No it hasn’t.
Just the voucher scheme that was proposed.
The consultation goes ahead.

 

[mosssideblue]

No it hasn’t.
Just the voucher scheme that was proposed.
The consultation goes ahead.

I was referring to the voucher scheme

 

[Semper aggressus]

Do you want me to book you an uber to the airport?

No thanks, we usually get limos to airports

 

[Semper aggressus]

I only ask as I was listening to some sort of ‘Rich Peoples Alliance’ who are saying that they want to be taxed more as they have a responsibility to the country. These are obviously very rich people who were not talking about buying a new shirt, more of a new mansion or jet plane.

It got my interest as I heard all of the talk about people leaving but these people were the complete opposite and realised that they couldn’t take all their money with them, if you know what I mean.

It’ll be interesting to see how many actually leave the country and my biggest bug-bear is for those who have made the majority of their money, in the UK, moving abroad and not wanting to support the country, after years and years of cuts to the social apparatus, that supported them to make that money.

I’m not in private jet league mate, I wish! However, I’m only annoyed about paying tax on our foreign investments, which are already taxed in the US and where we have the majority of our money. It doesn’t seem fair to be paying tax on those here unless we bring that money into the UK, which we don’t.

We are planning to leave though in a few years, mostly because of this, as US tax on investments and bonds is much lower, though what mess Trump makes of it remains to be seen. Hopefully we won’t need to worry about him!

 

[Semper aggressus]

We should all pay our fair share.

We do on everything we have in the UK, and US taxes on what we have there. It takes the piss that they think it’s fair to tax us on foreign money that stays abroad.

 

[BerkshireBlue]

How wrong could they actually be