beorhthelm
A. Virgo, Football Genius
- Jul 21, 2003
- 36,062
they did indeed, further evidence the claim anyone didnt know there were dodgy finances is a bit of a fib.
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[Finance] Rachel Reeves to reveal £20bn shortfall left by Conservative Government
- Thread starter Bob!
- Start date
- Jan 18, 2009
- 4,904
Just 52.3% sounds like a liberal approach to personal income taxation when compared to the 60% tax rate over 500k taxpayers have to shoulder in U.K. (62% with NI). A tax rate introduced by Osbourne, such was the incentive by the Tories to keep helping the rich.
I’m not sure if these are the “super rich” but the tax rate kinda indicates they must be.
Marshy
Well-known member
It just feels like its pointless trying to actually invest/save what little i have if your going to get hit with 40% when cashing in.
All i see it is pushing anyone with real money to invest outside of the UK
Already paid 20% on the money earnt, and now possibly another 40% on anything i make on that... there is no reward for saving if thats the way it goes.
- May 8, 2018
- 10,798
You also lose tax free child care at £100,001 and also the additional 15 hours a week child care as well.Just 52.3% sounds like a liberal approach to personal income taxation when compared to the 60% tax rate over 500k taxpayers have to shoulder in U.K. (62% with NI). A tax rate introduced by Osbourne, such was the incentive by the Tories to keep helping the rich.
I’m not sure if these are the “super rich” but the tax rate kinda indicates they must be.
Both parents could earn £99,999 and keep both as well
You do well and get truly f***ed for the next £25,140 of income. To make matters worse, they now tax you an additional 5% out of this window where as it was previously 40% up until £150k
Everyone should have a personal income tax allowance in my opinion
Just catching up so apologies if fixtures.
You can use your argument for any form of income or asset.
I work to earn my wage. So my wage should belong to me. Not the states right to take a slice.
I worked hard to buy my second home holiday cottage in Cornwall. If I decide to sell it then the profit should be all mine. Not the states right to take a slice.
Yeah. Not sure your argument actually works does it?
nicko31
Well-known member
What little you have? We have a £20k per person annual ISA allowance, you get tax free dividends and no CGT. Most people don't pay CGT, I don't think I ever have..
Or are you a struggling landlord?
Just 52.3% sounds like a liberal approach to personal income taxation when compared to the 60% tax rate over 500k taxpayers have to shoulder in U.K. (62% with NI). A tax rate introduced by Osbourne, such was the incentive by the Tories to keep helping the rich.
I’m not sure if these are the “super rich” but the tax rate kinda indicates they must be.
It’s 45%.
You’re referring to the anomalous top rate paid where total taxable income is £101,000 to £125,140 on that slice only.
Marshy
Well-known member
i wish i had 20k to put in an ISA, if i do well i manage to put 200 quid a month in savings, investments or crypto.
beorhthelm
A. Virgo, Football Genius
- Jul 21, 2003
- 36,062
only some, formal market investments can sit in an ISA. if you want to invest in something more exotic, like crypto, or a new business, or an overseas business, not allowed. which is ironic when people justify this tax as cost of government creating the environment for safe investments, the safest are tax free, the riskiest are taxed.
KZNSeagull
Well-known member
22.3% payrise for junior doctors over 2 years:
Junior doctor offered new pay deal in England
It is thought the new pay deal being offered is worth 22%, on average, over two years.
www.bbc.co.uk
Nobby Cybergoat
Well-known member
- Jul 19, 2021
- 8,745
Sounds expensive.22.3% payrise for junior doctors over 2 years:
Junior doctor offered new pay deal in England
It is thought the new pay deal being offered is worth 22%, on average, over two years.www.bbc.co.uk
But just look at how many we are losing to other countries.
Much cheaper to keep them at a higher rate of pay than it is to continually retrain new ones.
Right Brain Ronnie
Well-known member
I hope Reeves will have a lie detector fitted to her as she dishes out the forthcoming BS.
Anyone that thought the Tories were dishonest, perhaps you should start viewing it in a neutral way in the early days of labour reign.
Anyone that thought the Tories were dishonest, perhaps you should start viewing it in a neutral way in the early days of labour reign.
nicko31
Well-known member
Well you don't need to worry about CGT, even crypto can be bought inside an ISA. There are a lot of options....
nicko31
Well-known member
Need to stop the rot and make these people we have invested here want to stay here. Sounds a lot but probably less than the pensioners have received in recent years
RandyWanger
Je suis rôti de boeuf
Haven't they just pledged 11.5 billion in 'climate aid' 
pb21
Well-known member
- Apr 23, 2010
- 6,714
Let's wait and see, apparently some analysis coming out today.
I agree though that it looks very much like BS, but don’t underestimate the depths the Tories will have gone to to bluff, bluster and obfuscate, particularly knowing they were going to be losing power in a few weeks.
mejonaNO12 aka riskit
Well-known member
This is like one of my school reports. Parents are finding out what I've actually been up to.
bit off topic ish but second homes in places like Cornwall have ruined alot of these of these areas and driven locals out. Lot of impact on traditional ways of earning in close knit communities ie fishing.
Personally , I think it should be discouraged and the tax on this sort of set up is a good thing.
Agree , alot of it is unfair
nicko31
Well-known member
UK committed to this in 2019, Sunak and co wanted to undo it. Those with the biggest carbon deficits need to step upHaven't they just pledged 11.5 billion in 'climate aid'