la bala Posted July 31, 2023 Report Share Posted July 31, 2023 Just had a letter from Dep of Pensions. As from my eightieth birthday they are giving me an extra 25 pence per week, WWWwwooooow. Quote Link to comment Share on other sites More sharing options...
JKD Posted July 31, 2023 Report Share Posted July 31, 2023 Don't spend it all at once eh !? 🙈😕 Quote Link to comment Share on other sites More sharing options...
Newbie to this Posted July 31, 2023 Report Share Posted July 31, 2023 Get yourself over to France and catch the next dinghy back Quote Link to comment Share on other sites More sharing options...
oldypigeonpopper Posted July 31, 2023 Report Share Posted July 31, 2023 Hello, very generous of the DWP, 🤔🙄😁 Quote Link to comment Share on other sites More sharing options...
la bala Posted July 31, 2023 Author Report Share Posted July 31, 2023 I am just trying to think of something special to buy myself.😂. Quote Link to comment Share on other sites More sharing options...
ditchman Posted July 31, 2023 Report Share Posted July 31, 2023 31 minutes ago, la bala said: I am just trying to think of something special to buy myself.😂. can you buy anything for 25p ????? one brussel sprout ? Quote Link to comment Share on other sites More sharing options...
ant1 Posted July 31, 2023 Report Share Posted July 31, 2023 30 minutes ago, la bala said: I am just trying to think of something special to buy myself.😂. well it is an extra £600 after 50 years of working. treat yourself with something nice Quote Link to comment Share on other sites More sharing options...
Bigbob Posted July 31, 2023 Report Share Posted July 31, 2023 Are they not raising your tax by 25pence ? Quote Link to comment Share on other sites More sharing options...
la bala Posted July 31, 2023 Author Report Share Posted July 31, 2023 2 minutes ago, Bigbob said: Are they not raising your tax by 25pence ? Nail on head BB Quote Link to comment Share on other sites More sharing options...
Bigbob Posted July 31, 2023 Report Share Posted July 31, 2023 2 minutes ago, la bala said: Nail on head BB Yes i got a descent works pension rise next week letter from DWP your tax is changing LOL Quote Link to comment Share on other sites More sharing options...
la bala Posted July 31, 2023 Author Report Share Posted July 31, 2023 14 minutes ago, ant1 said: well it is an extra £600 after 50 years of working. treat yourself with something nice That is one way of dressing it up, do you work for the government ant😂 1 minute ago, Bigbob said: Yes i got a descent works pension rise next week letter from DWP your tax is changing LOL 😂 18 minutes ago, ditchman said: can you buy anything for 25p ????? one brussel sprout ? 😂 Quote Link to comment Share on other sites More sharing options...
TOPGUN749 Posted July 31, 2023 Report Share Posted July 31, 2023 That 25p a week started about 1978,ridiculous it’s still the same. 25p in 1978 is equal to £2.50 now,and even if it was that much extra at 80 it wouldn’t go far. Quote Link to comment Share on other sites More sharing options...
la bala Posted July 31, 2023 Author Report Share Posted July 31, 2023 1 hour ago, TOPGUN749 said: That 25p a week started about 1978,ridiculous it’s still the same. 25p in 1978 is equal to £2.50 now,and even if it was that much extra at 80 it wouldn’t go far. Ah well had to laugh, I would think the cost of sending of the letter would have been a tenner. Quote Link to comment Share on other sites More sharing options...
Centrepin Posted August 1, 2023 Report Share Posted August 1, 2023 11 hours ago, Bigbob said: Are they not raising your tax by 25pence ? Probably. 26p Quote Link to comment Share on other sites More sharing options...
TOPGUN749 Posted August 1, 2023 Report Share Posted August 1, 2023 If you live to be 100 they will generously have paid you an extra £260! Also taken back £52 in tax probably... Quote Link to comment Share on other sites More sharing options...
Bobba Posted August 1, 2023 Report Share Posted August 1, 2023 13 hours ago, la bala said: Just had a letter from Dep of Pensions. As from my eightieth birthday they are giving me an extra 25 pence per week, WWWwwooooow. WWWwwooooow. Roll on 5th Sept 2023. Won’t even cover the increased tax on the bottle of wine I buy to celebrate the day. Quote Link to comment Share on other sites More sharing options...
Yellow Bear Posted August 1, 2023 Report Share Posted August 1, 2023 10 hours ago, la bala said: Ah well had to laugh, I would think the cost of sending of the letter would have been a tenner. Come on now - we have to keep these Idle civil servants employed doing things that are years our of date and don't matter. It gives them an excuse for not doing what matters. Quote Link to comment Share on other sites More sharing options...
Bigbob Posted August 1, 2023 Report Share Posted August 1, 2023 There a shower of barstools i got a letter saying i had underpaid my tax by £400 how ? i dont know as they worked it out and told me in advance what it would be so there taking over £1000 to make sure they get it , If i win the lotto im talking to a accountant to squirrel it abroad and they can whistle for tax Quote Link to comment Share on other sites More sharing options...
amateur Posted August 1, 2023 Report Share Posted August 1, 2023 3 hours ago, Bigbob said: ....... If i win the lotto im talking to a accountant to squirrel it abroad and they can whistle for tax The main problem being that what do save from the tax-man will probably end up being spent on accountants and bank fees Quote Link to comment Share on other sites More sharing options...
marsh man Posted August 2, 2023 Report Share Posted August 2, 2023 19 hours ago, Bigbob said: There a shower of barstools i got a letter saying i had underpaid my tax by £400 how ? i dont know as they worked it out and told me in advance what it would be so there taking over £1000 to make sure they get it , If i win the lotto im talking to a accountant to squirrel it abroad and they can whistle for tax Have you Bob , or anyone else lately tried to get to talk to someone from the tax office ? , the reason I asked was they said on the radio the other day that someone was put on hold for nearly four hours , I was going to ring them up to find out why my very small pension was cut from 40 odd pounds a month to £21 , all my spare money , or what little I have got is into Isa's so no tax is paid out , I haven't worked for 15 years and my only income is my state pension , so my private pension is now worth to me about £5 a week and that is working on the same place for close on 30 years . Quote Link to comment Share on other sites More sharing options...
Bobba Posted August 2, 2023 Report Share Posted August 2, 2023 3 hours ago, marsh man said: Have you Bob , or anyone else lately tried to get to talk to someone from the tax office ? , the reason I asked was they said on the radio the other day that someone was put on hold for nearly four hours , I was going to ring them up to find out why my very small pension was cut from 40 odd pounds a month to £21 , all my spare money , or what little I have got is into Isa's so no tax is paid out , I haven't worked for 15 years and my only income is my state pension , so my private pension is now worth to me about £5 a week and that is working on the same place for close on 30 years . Is the reduction possibly due to the 10% increase in state pension? The revenue have no means of taxing the state pension so, if you have a company pension then the way it works is that they reduce your personal tax allowance by your state pension and the net result forms your tax code which is then applied by your private pension provider to your pension. So, your state pension went up then your tax code went down. Which means you pay more tax and your private pension payment goes down. Just a thought Quote Link to comment Share on other sites More sharing options...
old man Posted August 2, 2023 Report Share Posted August 2, 2023 On 31/07/2023 at 20:19, ditchman said: can you buy anything for 25p ????? one brussel sprout ? Crypto only for veg now? Quote Link to comment Share on other sites More sharing options...
ditchman Posted August 2, 2023 Report Share Posted August 2, 2023 46 minutes ago, old man said: Crypto only for veg now? NNnnaaahhhh.......................the Norfolk Groat.....is the currency around here.....2 turnips = 1 swede.......10 swedes=10 lb of maris piper.......100lb of maris piper= 1 Norfolk Groat the gold standard my man Quote Link to comment Share on other sites More sharing options...
la bala Posted August 2, 2023 Author Report Share Posted August 2, 2023 1 hour ago, Bobba said: Is the reduction possibly due to the 10% increase in state pension? The revenue have no means of taxing the state pension so, if you have a company pension then the way it works is that they reduce your personal tax allowance by your state pension and the net result forms your tax code which is then applied by your private pension provider to your pension. So, your state pension went up then your tax code went down. Which means you pay more tax and your private pension payment goes down. Just a thought This is exactly what happens to me. I pay tax on my private pensions. I have told my kids long ago to not have private pensions. Let the state keep you like it does a good percentage of others. Quote Link to comment Share on other sites More sharing options...
amateur Posted August 2, 2023 Report Share Posted August 2, 2023 1 hour ago, la bala said: This is exactly what happens to me. I pay tax on my private pensions. I have told my kids long ago to not have private pensions. Let the state keep you like it does a good percentage of others. I realise that it is no comfort, but the argument is that you received tax relief on private pension contributions, so you pay tax on the pension and conversely whilst you are working and paying tax and NI, you are clocking up entitlement to a tax-free state pension. Quote Link to comment Share on other sites More sharing options...
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