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That might be the Christmas number one!

https://youtu.be/lAOAPYKGzZc?si=u8dTB1rv4C7pqm9U

This has a catchy tune.

True but the spelling is atrocious. Maybe that is not important to the new order

Obviously, your lease company don't mind being ripped off.

Or, they get a cracking deal so Kwik Fit have to make the margin by gouging joe public...

While sitting in the waiting room I heard some prices that nearly made me choke. It seems somewhere between £250 and £300 is the number of choice. Pair of discs for [some golf] £270, battery on [an Peugeot] £280.

Are you allowed to say that on here? 

 

You make a good point Ronny, to be fair to this particular lot they seem ok. Also, being on lease I don't have a choice which chain does the work.

Obviously, your lease company don't mind being ripped off.

It's all a tax write off for them.

Old school player, not like the overacting pansies we see nowadays.

Another one I heard from Martin Lewis yesterday evening, pensioners will not have to pay income tax on their state pension, even if/when the pension exceeds the 20% tax threshold, which it will do in 2027.
However, they will have to pay tax on their occupational pension.

Penson income has always been subject to tax, it's just that the SP has always been less than your personal allowance, so the applicable tax rate is 0%. The SP is always payed as the first tranche of your income.

What happens at the moment is the amount of your SP is deducted from your personal allowance. So if your SP is (say) £10K, and the 'normal' personal allowance is £12570, then your tax code will be 257 (12570 - 10000 = 2570), rather than 1257. This means any other income provider (work, occupation pension or private pension) will pay the first £2570 tax free, and then deduct 20% on everything above that.

If/when the SP exceeds £12570 it makes no sense for the govt to pay it all out, and then HMRC try to claim it back in tax. It would get really messy for pensioners whose only source of income is their SP. They'd end up filling in self assesement tax returns every year.

There must be some people whose SP already exceeds their PA. Anyone on the pre 2016 system with significant S2P/SERPS could be receiving close to £16K. I wonder how that is treated at the moment?

That's what i was alluding to in my reply 60 of this thread. 

Are you allowed to say that on here? 

 

You make a good point Ronny, to be fair to this particular lot they seem ok. Also, being on lease I don't have a choice which chain does the work.

Obviously, your lease company don't mind being ripped off.

Another one I heard from Martin Lewis yesterday evening, pensioners will not have to pay income tax on their state pension, even if/when the pension exceeds the 20% tax threshold, which it will do in 2027.
However, they will have to pay tax on their occupational pension.

Penson income has always been subject to tax, it's just that the SP has always been less than your personal allowance, so the applicable tax rate is 0%. The SP is always payed as the first tranche of your income.

What happens at the moment is the amount of your SP is deducted from your personal allowance. So if your SP is (say) £10K, and the 'normal' personal allowance is £12570, then your tax code will be 257 (12570 - 10000 = 2570), rather than 1257. This means any other income provider (work, occupation pension or private pension) will pay the first £2570 tax free, and then deduct 20% on everything above that.

If/when the SP exceeds £12570 it makes no sense for the govt to pay it all out, and then HMRC try to claim it back in tax. It would get really messy for pensioners whose only source of income is their SP. They'd end up filling in self assesement tax returns every year.

There must be some people whose SP already exceeds their PA. Anyone on the pre 2016 system with significant S2P/SERPS could be receiving close to £16K. I wonder how that is treated at the moment?

Billy Bonds. Former West Ham player 79.

Are you allowed to say that on here? 

 

You make a good point Ronny, to be fair to this particular lot they seem ok. Also, being on lease I don't have a choice which chain does the work.

Took it to Kwik fit to cure the hissing noise coming from the NSR tyre.

Thought it might be repairable to look at it, but apparently the hole was too big. So she's getting a new tyre. £323 had I walked in off the street. Thankfully the lease company's paying 

Are you allowed to say that on here?