Dick Posted March 18, 2015 Report Share Posted March 18, 2015 £20k in a Santander account at 4% now tax free interest beats most cash ISAs at around 1.5% Quote Link to comment Share on other sites More sharing options...
ack-ack Posted March 18, 2015 Report Share Posted March 18, 2015 It was safe. I like safe. Quote Link to comment Share on other sites More sharing options...
mered Posted March 18, 2015 Report Share Posted March 18, 2015 One penny off a pint ..... I think I will get drunk.. Penny off the tax, not the pint. Quote Link to comment Share on other sites More sharing options...
al4x Posted March 18, 2015 Report Share Posted March 18, 2015 It seemed sensible to me, things do feel like we are moving in the right way as a country and certainly I feel like I have more money in the pocket. Economy wise we seem above most so fingers crossed we don't get a change at the next election Quote Link to comment Share on other sites More sharing options...
kody Posted March 18, 2015 Report Share Posted March 18, 2015 wait till the ******* get in again and see the enormouse cuts we have ever seen deficit down what ******** osborne is borrowing more than ever totall **** Quote Link to comment Share on other sites More sharing options...
kdubya Posted March 18, 2015 Report Share Posted March 18, 2015 wait till the ******* get in again and see the enormouse cuts we have ever seen deficit down what ******* osborne is borrowing more than ever totall **** yep people dont seem to or dont want to understand that the next 3 years will be the cruelest should the con men still be at the helm. KW Quote Link to comment Share on other sites More sharing options...
grrclark Posted March 18, 2015 Author Report Share Posted March 18, 2015 The next 3 years will get us back to a point where we are not spending more than we earn. Simple as that. The alternative is to bury our head in the sand and postpone the inevitable I guess. Quote Link to comment Share on other sites More sharing options...
keg Posted March 18, 2015 Report Share Posted March 18, 2015 yep people dont seem to or dont want to understand that the next 3 years will be the cruelest should the con men still be at the helm. KW Why will it be KW? tell us why and what would you do? Quote Link to comment Share on other sites More sharing options...
kdubya Posted March 18, 2015 Report Share Posted March 18, 2015 (edited) Why will it be KW? tell us why and what would you do? er read the chancellors intentions its all out there.what would I do? stop the big boys fiddling billion upon billion for a start and then get our national infrastructure back of the overseas investors and start putting money back into the country as opposed to taking it out! http://www.independent.co.uk/news/uk/politics/budget-spending-cuts-this-chart-shows-the-worst-is-still-to-come-10118181.html KW Edited March 18, 2015 by kdubya Quote Link to comment Share on other sites More sharing options...
keg Posted March 18, 2015 Report Share Posted March 18, 2015 er read the chancellors intentions its all out there.what would I do? stop the big boys fiddling billion upon billion for a start and then get our national infrastructure back of the overseas investors and start putting money back into the country as opposed to taking it out! http://www.independent.co.uk/news/uk/politics/budget-spending-cuts-this-chart-shows-the-worst-is-still-to-come-10118181.html KW Then you are reading something into this, they are cutting back on public spending( needed to bring money back into the system) and whilst i agree that we should control our own destiny doesn't the NI and taxes that the overseas investor or owner pay bring money back in? Or should we just say "thanks, we'll have that back now" Quote Link to comment Share on other sites More sharing options...
Psyxologos Posted March 18, 2015 Report Share Posted March 18, 2015 There were some very needed changes announced today, but they were overshodowed by the huge pain that is to come in the next 3-5 years. I predict a lot of hardship for a lot of people if I read and understood the news reports correctly. In the short term though there is some easing. Two months before the election, I am not surprised... Quote Link to comment Share on other sites More sharing options...
MartynGT4 Posted March 19, 2015 Report Share Posted March 19, 2015 Ah, so you are speculating that an announcement made today about eliminating paper based tax returns will somehow mean a mandatory link between your bank accounts and an automated tax calculation regime based on debits and credits to your bank account. I do run my own business now, prior to that was a director of a much bigger business. What was announced today was that instead of paper returns businesses or individuals as appropriate will have their own dedicated tax account. If you choose to then you can link that to your bank account or company accounts system. This linking of systems could eliminate some of the burden of reporting. My accounts system allows me to link to my government gateway and submit returns automatically if I choose to do so, it saves double keying. No difference. If you choose to do all your accounting off system and simply update your tax account with the relevant information, as you do with your paper submissions now. Nowhere today, that I have seen, was there any Machiavellian announcement of a plot to spy on your bank affairs through some tenuous link. Perhaps I am jumping the gun, and as with most things, the devil is in the detail, detail we have yet to see but with comments like these being reported widely, it's pretty understandable: - "As of next year, HMRC will automatically collate the tax affairs of millions of UK taxpayers from employers, banks and investment firms into a single digital tax account which can be checked at any time online." "We will abolish the annual tax return altogether. Millions of individuals will have the information the revenue needs automatically uploaded into online accounts." Forgive me if I'm missing something but those statements do not seem to describe an opt in elective system to me. The changes described, at least so far, seem to suggest the default position will be one of automated data collection and that those with more complex tax affairs can chose to opt out. At the very least, such a default position would require financial organisations and investment firms to provide details of interest payments and income, employers are already providing income data very regularly since the introduction of 'real-time' (HMRC's description, not mine) updates. If that were the case, the job of linking millions of financial accounts with individual tax records will be, or perhaps has been, no small feat. The lack of a truly unique and widely shared identifier would mean any matching process to achieve the desired result is likely to generate very large volumes of exception cases and take some time to resolve so yes any link automatically established would be tenuous indeed. Like I said, the devil's in the detail and it's early days so I guess we'll just have to wait and see.. Quote Link to comment Share on other sites More sharing options...
lexikia Posted March 19, 2015 Report Share Posted March 19, 2015 One penny off a pint ..... I think I will get drunk. Penny off a pint, my 2 local pubs have just put prices up by 5p and 6p per pint. Quote Link to comment Share on other sites More sharing options...
al4x Posted March 19, 2015 Report Share Posted March 19, 2015 Perhaps I am jumping the gun, and as with most things, the devil is in the detail, detail we have yet to see but with comments like these being reported widely, it's pretty understandable: - "As of next year, HMRC will automatically collate the tax affairs of millions of UK taxpayers from employers, banks and investment firms into a single digital tax account which can be checked at any time online." "We will abolish the annual tax return altogether. Millions of individuals will have the information the revenue needs automatically uploaded into online accounts." Forgive me if I'm missing something but those statements do not seem to describe an opt in elective system to me. The changes described, at least so far, seem to suggest the default position will be one of automated data collection and that those with more complex tax affairs can chose to opt out. At the very least, such a default position would require financial organisations and investment firms to provide details of interest payments and income, employers are already providing income data very regularly since the introduction of 'real-time' (HMRC's description, not mine) updates. If that were the case, the job of linking millions of financial accounts with individual tax records will be, or perhaps has been, no small feat. The lack of a truly unique and widely shared identifier would mean any matching process to achieve the desired result is likely to generate very large volumes of exception cases and take some time to resolve so yes any link automatically established would be tenuous indeed. Like I said, the devil's in the detail and it's early days so I guess we'll just have to wait and see.. Another way of looking at it is if the accounts are linked it saves you a heap of work, finding the information for your accountant at the moment can be a nightmare with most interest taxed at source. I can't see it being a big issue. One of the other things that the chancellor has to juggle with the deficit is while the economy has been pants tax receipts are down these do have a lag on picking up due to the payment schedule of corporation tax etc. more people in work companies doing better tax receipts rise and people spend more its a circle that means they may not need to cut as hard as expected. I struggle to see why an amateur **** artist that kW would like to see in power has all the answers if it is so simple......... A vote for him is effectively a vote for a cretin in red Quote Link to comment Share on other sites More sharing options...
norfolk dumpling Posted March 19, 2015 Report Share Posted March 19, 2015 I hope HMRC website improves: tried to input my meagre beaters wages (pension and pt wages are PAYE) and couldn't complete. Had to phone the £600 earnings through. Really p****d off that for 2 years now despite giving them one simple figure under 'other earnings' they have managed to over-tax me by £2 and £5. Can you get through to them to get it corrected - NO! I'm sure George needs my money more than I do at the present time. Quote Link to comment Share on other sites More sharing options...
dougall Posted March 19, 2015 Report Share Posted March 19, 2015 er read the chancellors intentions its all out there.what would I do? stop the big boys fiddling billion upon billion for a start and then get our national infrastructure back of the overseas investors and start putting money back into the country as opposed to taking it out! http://www.independent.co.uk/news/uk/politics/budget-spending-cuts-this-chart-shows-the-worst-is-still-to-come-10118181.html KW and if you think Balls is the man for that then you need a Doctor.. Quote Link to comment Share on other sites More sharing options...
ack-ack Posted March 19, 2015 Report Share Posted March 19, 2015 Every time Balls talks of the ecomomy i feel an inner rage building. How dare he even think labour are fit to look after the UK coffers. Look at their track record. I hope that everybody remembers come polling day. All the pain we've had will be for nothing if those idiots get a chance to mess things up again by splashing the cash that we just dont have. Those goons nigh on chuffing bankrupted us. There is a generation that has had the odds firmly stacked against them as a direct result of the economic carnage that Brown and Darling created. Some folk will never own their own place or be able to accrue even modest savings. Brown inherited a proper peach from Ken, and he squandered it. Unforgiveable. Quote Link to comment Share on other sites More sharing options...
AVB Posted March 19, 2015 Report Share Posted March 19, 2015 Every time Balls talks of the ecomomy i feel an inner rage building. How dare he even think labour are fit to look after the UK coffers. Look at their track record. I hope that everybody remembers come polling day. All the pain we've had will be for nothing if those idiots get a chance to mess things up again by splashing the cash that we just dont have. Those goons nigh on chuffing bankrupted us. There is a generation that has had the odds firmly stacked against them as a direct result of the economic carnage that Brown and Darling created. Some folk will never own their own place or be able to accrue even modest savings. Brown inherited a proper peach from Ken, and he squandered it. Unforgiveable. Very true. Unfortunately (!) we are a democracy and we get the government we deserve due to the stupidity of the Great British public. Until we have a way of preventing idiots from voting then this will happen again and again. Quote Link to comment Share on other sites More sharing options...
keg Posted March 19, 2015 Report Share Posted March 19, 2015 Every time Balls talks of the ecomomy i feel an inner rage building. How dare he even think labour are fit to look after the UK coffers. Look at their track record. I hope that everybody remembers come polling day. All the pain we've had will be for nothing if those idiots get a chance to mess things up again by splashing the cash that we just dont have. Those goons nigh on chuffing bankrupted us. There is a generation that has had the odds firmly stacked against them as a direct result of the economic carnage that Brown and Darling created. Some folk will never own their own place or be able to accrue even modest savings. Brown inherited a proper peach from Ken, and he squandered it. Unforgiveable. Back to late 70s again when Maggie came in after Callaghan/Wilson etc. We never learn. Quote Link to comment Share on other sites More sharing options...
keg Posted March 19, 2015 Report Share Posted March 19, 2015 Interesting article from the Telegraph, confirms that average family income is up £900. This is from the OBR who are independent. Blows all of the Labour hogwash out of the water. http://www.msn.com/en-gb/money/budget-2015/budget-2015-one-by-one-george-osborne-shoots-labour%E2%80%99s-foxes/ar-BBipcMP?ocid=mailsignoutmd # Quote Link to comment Share on other sites More sharing options...
chrisv Posted March 19, 2015 Report Share Posted March 19, 2015 (edited) Every time Balls talks of the ecomomy i feel an inner rage building. How dare he even think labour are fit to look after the UK coffers. Look at their track record. I hope that everybody remembers come polling day. All the pain we've had will be for nothing if those idiots get a chance to mess things up again by splashing the cash that we just dont have. Those goons nigh on chuffing bankrupted us. There is a generation that has had the odds firmly stacked against them as a direct result of the economic carnage that Brown and Darling created. Some folk will never own their own place or be able to accrue even modest savings. Brown inherited a proper peach from Ken, and he squandered it. Unforgiveable. Agree 100% with Ack ack, but don't forget, the three clowns mentioned above, and Mrs Balls are always very quick to try to shift the blame onto the bankers. My feeling is that Labour created the problem and the banking crisis helped bring it all crashing down. Edited March 19, 2015 by chrisv Quote Link to comment Share on other sites More sharing options...
kdubya Posted March 19, 2015 Report Share Posted March 19, 2015 and if you think Balls is the man for that then you need a Doctor.. And did I say that or was that simply a glimpse of your ire that I believe the cons to be just that. KW Quote Link to comment Share on other sites More sharing options...
keg Posted March 19, 2015 Report Share Posted March 19, 2015 In fairness, you didn't KW but i remain to be convinced by UKIP economic policy. Remember that they only have MPs who have jumped ship and whilst by-elections have re elected them, it is still not clear if they are voting for the man or the party. Quote Link to comment Share on other sites More sharing options...
kdubya Posted March 19, 2015 Report Share Posted March 19, 2015 (edited) In fairness, you didn't KW but i remain to be convinced by UKIP economic policy. Remember that they only have MPs who have jumped ship and whilst by-elections have re elected them, it is still not clear if they are voting for the man or the party. I remain to be convinced the con men represent me as a PAYE higher rate taxpayer,and I cant ever forget they sold off our utilities to the highest bidder who are now almost exclusively overseas owned and who are taking the profit from them out of the country, and I certainly dont ever want to vote for the traitorous labour scum that gave my country away so UKIP for me and a chance I willingly would love to take.shame it seems more dont have the balls to try for change. KW Edited March 19, 2015 by kdubya Quote Link to comment Share on other sites More sharing options...
AVB Posted March 19, 2015 Report Share Posted March 19, 2015 I remain to be convinced the con men represent me as a PAYE higher rate taxpayer,and I cant ever forget they sold off our utilities to the highest bidder who are now almost exclusively overseas owned and who are taking the profit from them out of the country, and I certainly dont ever want to vote for the traitorous labour scum that gave my country away so UKIP for me and a chance I willingly would love to take.shame it seems more dont have the balls to try for change. KW As a fellow PAYE higher rate taxpayer I am not willing to take a chance with UKIP and feel that the Conservatives better represent me. Unfortunately we are likely to both be disappointed and have to suffer Balls et al. Quote Link to comment Share on other sites More sharing options...
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