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I studied hard for many years. I worked hard all my working life. Then I retired & learnt how to make money in a smart way instead of it being hard. None of it made a lot of difference regarding tax. It's gonna be even more terrible under this government. They tax you when you earn it. They tax you when you save it. They tax you when you spend it & they tax you when you die. A career as a shoplifter in the UK has never made more sense.
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starmmer and Jack GREALISH work if they proclaimed themselves as working class/people , people would be in meltdown
all the born again shareholders in last 24 hrs never said a peep when sunak reduced cap gains tax allowance from 11,000 to zero in last 4 yrs and reintroduce taxes on dividends |
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A working person according to labour is a person who doesn't work. Sounds about right.
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Im not but my girlfriend is
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It's a full-time job trying not to lose the lot to HMRC
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Seems only PAYE Pigs are classed as workers in Starmer world.
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Spurs supporter?
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as a couple your allowed 40 grand between you a yr ,ISA allowance
your allowed a grand each interest free savings a yr, around 50 grand between you that's nearly a 100 grand between you a yr you can save beforew any tax is due on savings I,d say in any world if you've more than 50 grand a yr to put aside in savings .vast MAJ of people wouldn't class you as working class |
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my old man was a builder from aged 16 to 65, retired for about a week and took on a delivery job for five years. He's brewstered because he barely spends owt, but the idea he now isn't working class is laughable.
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All very well, but I'm single. But I must have saved a fortune by not being married. However I did have a girlfriend who had her credit card stolen. I saved money even then because I never reported it as the thief was spending less than she did!
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plenty of tradesmen earn more than starmmer,do you consider starmmer working class ?.
kemi no longer counts herself as working class but did when she worked at macky d,s funny all those who like to call themselves middle class on the local stepford wives executive housing estate,suddenly becoming working class again when tax rises are mentioned |
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1K is nothing as a savings allowance with 5-10% interest rates. If you subscribe to stocks and shares ISA for 20K, no room for cash. I already hit my ISA limit for 24/25, so likely paying tax on cash interest, f f s. That's before whatever Labour is going to steal off me next week.
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And yes I ALREADY had the capital stung for NI and income tax before putting it in cash and equities.
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I'm semi-retired, but still need to work to pay the bills and others. Despite just into pensionable age yet to draw a pension. Hope next April 2025.
I'd not know what to do with my time if I do not work; the interaction and the knowledge one is "still" useful is mentally refreshing and stimulating. But, one day soon I'll need to retire for good. The bones and agility are already questioning my physical ability; cataract calling was the 1st proper MOT. |
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I am/was planning to stop at 57, no doubt labour will try and feck with that, too.
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your interest isn't the point is it,its the fact if you've got 50 grand to invest a yr or a 100 grand per couple ,
why wasnt their the same uproar over losing 11 grand CGT allownace and reintroducing dividend taxes from a party supposedly tax cutting party |
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Give it a generation & there'll be minimal or no pensions & many will have to work till they drop.
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Starmer getting involved in this working people definition bullsh1t just shows how clueless he is.
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Starmer can't define what a woman is. If he can't do that, how can he define working class. He probably defines working class as those either with or without a penis!
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I'm up at 4-30 every day....I'm definitely a working person...
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he was asked the ? what do you want him to do refuse to answer
seems a pretty sensible policy to me that those living off the back of assets should pay the same or similar % of tax on those asset,s as someone working pays on his wages if Tory,s/reform were delivering next week budgets taxes would be rising ,as people opppose all LAB,s taxes what tax rises would you support ? unless of course you believe in fairies and jezza hunts 30 billion a yr,yr on yr taking out of current public services |
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Hope they don't tax gambling prophets.
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your interest isn't the point is it,its the fact if you've got 50 grand to invest a yr or a 100 grand per couple ,
Interest on cash simply protects capital from inflation erosion. We just happen to be in quite a unique window where the risk free rate is higher than reported inflation. Ordinarily, it's the other way around. |
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Being Anti-Starmer it doesn't bother me that he's spent 100 days defending the WFP cut, freebies and Sue Gray, will now spend two weeks trying to define working people and then get slaughtered for the budget. Many of his voters are already ex-voters.
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yes but if someone has 50 grand a yr to save from his wages or a 100,000 a yr to save as a couple from their wages the Maj of people wouldnt consider you to be working class, before taxes are mentioned anyone buying a 79p croissant in Waitrose is considered middle class by other working class people
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I,m not talking/interested in interest rates,the talk all other MSM/social media today is what's the point in saving if the gov take all your money,but you can save nearly 50 grand or 100 grand a couple with any gov getting a single penny of it and for the last 14 yrs ,interest on savings have been below 3%,so if you've been a safer for last 14 TORY yrs why wouldn't you be a saver now ?
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In physics at skule, I learnt that work is defined as mass times distance moved. So I guess that working class income is NOT derived from any form of investment. In other words, one has to do something physically to be working class. That includes nearly all the professions.
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Why indeed 1tp
Working people isn't working class and a rather nebulous concept, but that's because of manifesto. |
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I,m working class and I no that if anytime over nearly last 50 yrs ,I,d said to a workmate ,
if you've got 10 grand spare put it in a high deposit acc or isa and get 400 quid a yr interest on it,the vast maj of them would say for the sake of 400 quid I,d rather have it where I can get it quickly if needed, that's the difference between working class and middle/upper class who,d bite their own arm off to get their hands on the 400 quid ,I've spent the last 40 yrs listening/hearing workmates talk over workmates out of free money from a company pension,on the basis of all pensions are a ripped off blah,blah, the wives best mate didn't join BT pension scheme one of best in business ,she,s now been there over 40 yrs and still didn't join it,on the basis of blah,blah,the money I put in pays for 2 weeks in magaluf etc |
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yes but if someone has 50 grand a yr to save from his wages or a 100,000 a yr to save as a couple from their wages the Maj of people wouldnt consider you to be working class, before taxes are mentioned anyone buying a 79p croissant in Waitrose is considered middle class by other working class people
It's a load of bow locks and the idiot currently nominally in charge of the country only proceeds to make himself look more of an idiot as each day passes. Which is quite implausible, as he's done a great deal of work in that area already. Being able to get your 'cheque book' out [lol], says more about your attitude to life, risk, discipline and personable responsibility that it does about your inclination to work. It's actually a slap in the chops for people who would rather look after themselves, then get the begging bowl out. |
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Aye, savings culture has changed over my lifetime.
Having one premium bond made you middle class when I was a kid. |
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and right on point cider proves the point,the man leader of a party with a record of raising taxes is an idiot althought he,s yet to raise a tax
but a party running on a history of been so called tax cutters who have us at recorded tax levels, CGT allowance gone, dividend tax reintroduced, not a BEDWET in sight from anyone |
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Internet is a game changer, up to the point the internet became ubiquitous, we had to effectively had to rely on other people for financial knowledge. All the info we could ever need is now available at the press of a button. What we do with that knowledge is, of course, another matter entirely.
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and right on point cider proves the point,the man leader of a party with a record of raising taxes is an idiot althought he,s yet to raise a tax
He held a press conference two months ago to especially tell us it would be the worst budget ever. Leaving everyone to speculate for the intervening two months about what punishments are coming. As the man is indeed, an idiot. |
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People were able to save pre internet days.
Remarkable |
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Thing is, the markets love the prudence of
this labour government. Rather than chaos of tories. |
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Obviously. Access to information is a game changer. Nobody has to rely on their parents or a random teacher like I did.
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They have Knots in their Stomach , That covers 80% of the country Since this Twaddle became PM
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I know more about pensions than the pension 'experts' in work.
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