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Author Topic: Tax at source and savings.  (Read 2902 times)

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Field Marshal Dr. Opti

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Tax at source and savings.
« on: 06 April 2016, 12:35:54 »

Every little helps. :y
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STEMO

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Re: Tax at source and savings.
« Reply #1 on: 06 April 2016, 13:13:17 »

Yes.
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2boxerdogs

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Re: Tax at source and savings.
« Reply #2 on: 06 April 2016, 13:28:53 »

Sure does, from the pennies come the pounds as my old Nan used to say.
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Field Marshal Dr. Opti

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Re: Tax at source and savings.
« Reply #3 on: 06 April 2016, 14:01:30 »

A quick bit of maths throws up a figure of an extra £150 of interest from one account.....still a poor return but better than a knee to the groin.
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STEMO

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Re: Tax at source and savings.
« Reply #4 on: 06 April 2016, 14:16:16 »

A quick bit of maths throws up a figure of an extra £150 of interest from one account.....still a poor return but better than a knee to the groin.
I'd prefer a knee to the groin, but that's just me  :)
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Field Marshal Dr. Opti

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Re: Tax at source and savings.
« Reply #5 on: 06 April 2016, 14:24:16 »

A quick bit of maths throws up a figure of an extra £150 of interest from one account.....still a poor return but better than a knee to the groin.
I'd prefer a knee to the groin, but that's just me  :)

And how much are you willing to pay for such a service?
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zirk

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Re: Tax at source and savings.
« Reply #6 on: 06 April 2016, 15:08:24 »

From a personal point of view I actually agree with you both, well, the Stemo thing and the knee in the groin bit, but as for the rest of it, dont have a clue what your talking about.  ;D
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Mr Skrunts

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Re: Tax at source and savings.
« Reply #7 on: 06 April 2016, 15:21:45 »

Every little helps. :y

It certainly does, but it all depends on the % rate of interest.  A building society I used to used to pay 6.5% and it now pays 1.3% so the tax change makes a diffirence (but as paul Daniels used to say but "not a lot")
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STEMO

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Re: Tax at source and savings.
« Reply #8 on: 06 April 2016, 17:01:07 »

From a personal point of view I actually agree with you both, well, the Stemo thing and the knee in the groin bit, but as for the rest of it, dont have a clue what your talking about.  ;D
No tax on savings interest from April. Up to £1000 for most, but only £500 for the likes of Opti.
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zirk

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Re: Tax at source and savings.
« Reply #9 on: 06 April 2016, 17:08:32 »

From a personal point of view I actually agree with you both, well, the Stemo thing and the knee in the groin bit, but as for the rest of it, dont have a clue what your talking about.  ;D
No tax on savings interest from April. Up to £1000 for most, but only £500 for the likes of Opti.
Ah, right, kinda get it, so what your saying is any money leftover from paying bills, food and shite, you actually  give to a Bank for them to hold onto.

That will never catch on, well not with living down South and what money I earn anyway.  :(
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Field Marshal Dr. Opti

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Re: Tax at source and savings.
« Reply #10 on: 06 April 2016, 17:36:58 »

From a personal point of view I actually agree with you both, well, the Stemo thing and the knee in the groin bit, but as for the rest of it, dont have a clue what your talking about.  ;D
No tax on savings interest from April. Up to £1000 for most, but only £500 for the likes of Opti.

Georgie Boy is on pretty safe ground. In order to earn £1000 of interest you need to have a fair old wedge put away.

The Nationwide loyalty saver (for valued customers only ;D ;D) now offers a piss poor 1.2% instead of a pathetic 0.9%.
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Field Marshal Dr. Opti

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Re: Tax at source and savings.
« Reply #11 on: 06 April 2016, 17:39:22 »

Every little helps. :y

It certainly does, but it all depends on the % rate of interest.  A building society I used to used to pay 6.5% and it now pays 1.3% so the tax change makes a diffirence (but as paul Daniels used to say but "not a lot")

Correct. Which is why Osborne has done it........it won't cost much to implement.
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Sir Tigger KC

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Re: Tax at source and savings.
« Reply #12 on: 06 April 2016, 18:02:34 »

Wish I had some savings.....  :(
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TheBoy

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Re: Tax at source and savings.
« Reply #13 on: 06 April 2016, 18:07:30 »

Wish I had some savings.....  :(
I have my giant Marmite Jar piggy bank....
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Nick W

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Re: Tax at source and savings.
« Reply #14 on: 06 April 2016, 22:08:58 »

Wish I had some savings.....  :(
I have my giant Marmite Jar piggy bank....


Does that make the cash so sticky nobody will accept it?
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