Savings

N1985 said:
Possibly. I'm lucky to have several options with the trade I'm in. I could pick up tools in a different country fairly easily and the job the wife does can be done pretty much anywhere in the world remotely. Told her Onlyfans would be a good fit for her.
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You know the rules .....
 
west didsblue said:
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.
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they're all thieving twats boss
 
Many (blue)moons back I sat back and laid out a retirement plan. This was around the time of the Maxwell pension scandal, so my trust in such schemes was eroded to say the least. I took the decision to forego a personal pension scheme in favour of ISA's to top up the state pension, which I "thought" was sacrosanct if totally inadequate.

Up to the rumours surrounding the upcoming budget, I was fairly relaxed that I had done the right thing (or at least, done something that was working out). Having effectively planned myself out of tax relief on pension contributions, I was confident that my retirement fund, being housed in cash and S&S ISA's would at least enable me to live off their earnings without paying tax. Now I'm not so sure.

I guess it will all come out next week, but currently I'm the most nervous I have been about this "plan"
 
We have a holiday rental here in Wales and if we dont reach a rental figure of 50% occupancy we will get stung for 150% of the council tax. In laymans terms that will be between £5,500 to £7,500 per annum, the average rental doesn't make that...................Welcome to Wales, vote Labour and have a really lovely holiday. At our expense.
 
Tuearts right boot said:
We have a holiday rental here in Wales and if we dont reach a rental figure of 50% occupancy we will get stung for 150% of the council tax. In laymans terms that will be between £5,500 to £7,500 per annum, the average rental doesn't make that...................Welcome to Wales, vote Labour and have a really lovely holiday. At our expense.
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Nothing wrong with that, far too many empty holiday homes in Wales ruining the local economy.
 
flook said:
Many (blue)moons back I sat back and laid out a retirement plan. This was around the time of the Maxwell pension scandal, so my trust in such schemes was eroded to say the least. I took the decision to forego a personal pension scheme in favour of ISA's to top up the state pension, which I "thought" was sacrosanct if totally inadequate.

Up to the rumours surrounding the upcoming budget, I was fairly relaxed that I had done the right thing (or at least, done something that was working out). Having effectively planned myself out of tax relief on pension contributions, I was confident that my retirement fund, being housed in cash and S&S ISA's would at least enable me to live off their earnings without paying tax. Now I'm not so sure.

I guess it will all come out next week, but currently I'm the most nervous I have been about this "plan"
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You sound like one of those people that Starmer says does not contribute haha
 
N1985 said:
Possibly. I'm lucky to have several options with the trade I'm in. I could pick up tools in a different country fairly easily and the job the wife does can be done pretty much anywhere in the world remotely. Told her Onlyfans would be a good fit for her.
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Only BlueMoon can be an adequate judge of that….you know the rules
 
city2 said:
You sound like one of those people that Starmer says does not contribute haha
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he's bang on, I worked and contributed for 42 years, it's my time now and my fucking money, every penny earned, those twats of whatever political persuasion are having none of it if I can possibly avoid it.
 
kaz7 said:
Thanks , starmer mentioning or rather explaining what working people are mentioned shares , i think they might tax you when you sell them
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Only on profits, not on the total value. And only if it goes above the CGT allowance which has already been reduced from £12k to £3k by the Tories. Unlikely that the allowance will be cut further.
 
west didsblue said:
Only on profits, not on the total value. And only if it goes above the CGT allowance which has already been reduced from £12k to £3k by the Tories. Unlikely that the allowance will be cut further.
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Mine are just over three grand and they are shares from the company i worked for and not a share isa , was hoping to keep it for when my pips ends but then merlin needed an operation out of the blue and my credit card is up to nearly 5k !
 
I've sold a couple of million in shares to stop any raid by increases in capital gains tax. I still have most of my shares though so I'm still going to hit by a lot
 
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