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Post by Fletchsmile on Jul 8, 2015 19:10:41 GMT 7
Seems like UK budgets come round faster and faster these days. The one I was hoping for a few years back before they had to cave in to a coalition government was the rise in inheritance tax threshold. Bad enough they try and dip their sticky fingers into my money whenever they can, while I'm around and could better spend it than they could. Having a Thai wife and kids though, and having them try and dip their sticky fingers into our hard earned cash saved and set aside to provide for our family when I'm gone is just way out of order though - especially as they'd do virtually zero to support my family here in Thailand if anything happens to me. I don't ask anything from them so don't see why they should take from my kids. Especially also when you know they waste it  So that's the one thing I'm looking for... a rise in IHT threshold to stop those thieves robbing my grave  www.bbc.com/news/uk-politics-33437115What you hoping for from these idiots? |
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Post by Fletchsmile on Jul 9, 2015 21:19:05 GMT 7
So a quick look at the budget. Nothing in there that would make my financial situation better. Certainly nothing to entice us to come back to the UK, pay more tax, support morefreeloaders and help the government p***s away our money Quick look at some of the investment related changes here: www.hl.co.uk/news/articles/budget-our-view- Investment tax shake up - make the dividend tax credits more complicated for me to administer/track and charge me more tax. No thank you. Tax is bad enough, complicating tax in the bargain... - Buy to let mortgage interest relief reduced - doesn't affect me directly. But think they should do away with it altogether and put that tax relief to use somewhere else. Why help fuel housing bubbles, plus anyone who can afford to buy a house to let doesn't deserve someone else's money to do so - inheritance tax. Complete disappointment. - Pensions - make it more complicated and reduce benefits significantly for higher tax payers. - Economy - lot of talk and waffle |
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Post by Deleted on Jul 9, 2015 22:04:24 GMT 7
The inheritance tax change suited my family, that's another £350,000 removed from the tax man's grasp.
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Mosha
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Post by Mosha on Jul 10, 2015 5:53:33 GMT 7
I read the tax threshold for the bottom limit was being raised. That keeps me clear until I'm 66 I think.
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Post by Fletchsmile on Jul 10, 2015 10:02:31 GMT 7
The inheritance tax change suited my family, that's another £350,000 removed from the tax man's grasp. 350k increase (175k x 2) is by 20/21 = 5 years from now. So not quite removed from their grasp just yet Still time for them to back track or another government to come in before that date and remove it . Over 5 years works out at less than 10% per year increase. First 200k (100k x 2) extra is starting April 2017 = 2 years from now So the basic threshold hasn't really moved at all this year and a couple of years from now people (might) get some extra relief on their own home. Still a far cry from a few years back where they were promising to increase it to 1 mn each (2 mn for a couple) if they got elected, then back tracked when they formed a coalition. In perspective: 350k - 500k is ball park total costs of putting 2 kids thru international school in Thailand - before UK government sticky fingers that is |
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siampolee
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Post by siampolee on Jul 10, 2015 11:25:27 GMT 7
Would have been a wise move to restrict any benefit payments to those non contributors from Europe and elsewhere (who in truth will never be contributors to the U.K welfare system as long as they are in the U.K) until they have a contribution record of 5 years.
We silly burgers who paid our way get shafted by virtue of frozen pensions.
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Post by Deleted on Jul 10, 2015 14:20:57 GMT 7
Would have been a wise move to restrict any benefit payments to those non contributors from Europe and elsewhere (who in truth will never be contributors to the U.K welfare system as long as they are in the U.K) until they have a contribution record of 5 years. We silly burgers who paid our way get shafted by virtue of frozen pensions. That's a matter for European negotiation, rather than for the Chancellor. I was appalled when the Poles said that the British proposal to prevent access to our welfare state for non-contributory Europeans for four years was "their red line." Of course it is - a million Poles are now employed in decent jobs compared to the Polish economy, and drawing instant cash from our welfare ATM. I'm not against Poles being in the UK - in fact, far from it, I'm pro European migration and fair worldwide migration. I don't think the concept of paying into the system before drawing from it is too much to ask, though. |
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Post by Deleted on Jul 10, 2015 14:25:10 GMT 7
The inheritance tax change suited my family, that's another £350,000 removed from the tax man's grasp. 350k increase (175k x 2) is by 20/21 = 5 years from now. So not quite removed from their grasp just yet Still time for them to back track or another government to come in before that date and remove it . Over 5 years works out at less than 10% per year increase. First 200k (100k x 2) extra is starting April 2017 = 2 years from now So the basic threshold hasn't really moved at all this year and a couple of years from now people (might) get some extra relief on their own home. Still a far cry from a few years back where they were promising to increase it to 1 mn each (2 mn for a couple) if they got elected, then back tracked when they formed a coalition. In perspective: 350k - 500k is ball park total costs of putting 2 kids thru international school in Thailand - before UK government sticky fingers that is Yes - we still have the draw down option in the meantime, which is something that my family are doing. I'm in year five of the first tranche of inheritance from my parents - two years to go and that tranche is free of tax. What's annoying my Dad is the size of insurance premium he's paying to cover the liability if he pegs it before the rest ( the big lump ) is transferred. When I said he could negate that problem by just giving me the money ( and my sisters to be fair ) he just growled. I think he likes moaning - and looking at his bank account. |
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Post by Fletchsmile on Jul 10, 2015 16:28:13 GMT 7
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Post by Deleted on Jul 10, 2015 17:24:26 GMT 7
Yes - I was running that past my mother the other day. She's seventy, and the veritable sharp as a tack. She now has a defensive attitude to her pile, so she enjoys the minutiae of how to maximize her income at the lowest possible risk. I'll have her read this excellent explanation.
Thanks for the link.
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siampolee
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Post by siampolee on Jul 11, 2015 12:19:59 GMT 7
The Blether. With regards to the frozen pension issue, it was the European court ruling judgement backing the then Labour administration run by Tony Bliar and his crusading bitch Cherie Bliar that has resulted in denying some of us our pension increases in an appeal case. But they made sure the parasites who have given nothing nor ever will are looked after alright. Funnily enough my other pensions from ''state bodies'' are indexed linked. Tony Bliar and Cherie Bliar are an evil malicious self serving pretentious scumbags.  |
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Post by Deleted on Jul 11, 2015 21:14:43 GMT 7
The Blether. With regards to the frozen pension issue, it was the European court ruling judgement backing the then Labour administration run by Tony Bliar and his crusading bitch Cherie Bliar that has resulted in denying some of us our pension increases in an appeal case. But they made sure the parasites who have given nothing nor ever will are looked after alright. Funnily enough my other pensions from ''state bodies'' are indexed linked. Tony Bliar and Cherie Bliar are an evil malicious self serving pretentious scumbags. I agree with your assessment of the Blair's. I'm not sure why the pension issue came into this thread? |
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siampolee
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Post by siampolee on Jul 12, 2015 7:17:43 GMT 7
The pension issue came into the thread as an example of what any decent self respecting, caring administration should have done ( unfrozen the pensions) so as to fulfill it's and many other administrations promises made to us who worked and paid our full contributions throughout our working lives, only to end up being the victims of a governmental boiler room scam.
Might be wise to consider just how much we ex-pat pensioners actually save the government by not being eligible for extra welfare payments, medical treatment, free travel etc, Oh we do save the country money. However that which is our right ,or so we were told, is denied to us.
Pay nowt get all.
Oh. So you're British are you?
Sorry nothing for you as we've got to look after the freeloading European and assorted rag tail and bobtails characters first
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Post by rgs2001uk on Jul 12, 2015 14:54:04 GMT 7
The pension issue came into the thread as an example of what any decent self respecting, caring administration should have done ( unfrozen the pensions) so as to fulfill it's and many other administrations promises made to us who worked and paid our full contributions throughout our working lives, only to end up being the victims of a governmental boiler room scam. Might be wise to consider just how much we ex-pat pensioners actually save the government by not being eligible for extra welfare payments, medical treatment, free travel etc, Oh we do save the country money. However that which is our right ,or so we were told, is denied to us. Pay nowt get all. Oh. So you're British are you? Sorry nothing for you as we've got to look after the freeloading European and assorted rag tail and bobtails characters first |
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Post by Fletchsmile on Jul 13, 2015 10:24:18 GMT 7
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