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Author Topic: Budget.  (Read 1194 times)

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Varche

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Re: Budget.
« Reply #45 on: Yesterday at 14:57:35 »

Not enough for defence. 2.6 % GDP so a soft budget. You got off lightly.

Weren”t NATO members supposed to up spending to a target of 5%, as per Trumpy?


( buy shares in drone building companies)
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STEMO

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Re: Budget.
« Reply #46 on: Yesterday at 15:09:58 »

Not enough for defence. 2.6 % GDP so a soft budget. You got off lightly.

Weren”t NATO members supposed to up spending to a target of 5%, as per Trumpy?


( buy shares in drone building companies)
We can't spend money on defence and take 500,000 children out of poverty. The wánker Starmer was getting all emotional about these children on the news at lunchtime. Playing to his back benchers again.
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Rangie

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Re: Budget.
« Reply #47 on: Yesterday at 15:40:40 »

Not enough for defence. 2.6 % GDP so a soft budget. You got off lightly.

Weren”t NATO members supposed to up spending to a target of 5%, as per Trumpy?


( buy shares in drone building companies)
We can't spend money on defence and take 500,000 children out of poverty. The wánker Starmer was getting all emotional about these children on the news at lunchtime. Playing to his back benchers again.
.

I saw it as well , that man makes me feel physically  sick he is  a coniving deceitful bastard.
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STEMO

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Re: Budget.
« Reply #48 on: Yesterday at 20:16:41 »


Better off spending any cash in ISAs now, can't see any point in being the richest guy in the cemetery.

Not to mention that if its in a cash ISA its likely not anywhere near keeping up with inflation, so its buying power will probably be shrinking quite dramatically with each year that goes by.
CPI is 3.6%, cash ISAs paying over 4% are easy to find.
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Mr Skrunts

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Re: Budget.
« Reply #49 on: Today at 08:29:14 »

Just reading

 "Cash ISA annual allowance cut to £12,000 (from £20,000) per tax year. This will not apply to over 65s, who will keep £20,000 cash ISA limit.  I turn 65 next year :-\

"The shares ISA will remain at £20,000 Remember this ONLY impacts new money being put in, it won't impact money already in ISAs.

Didn't watch the budget, so catching up on bits as I flick though news.

Interesting for those who have retired or prepared to take a gamble.  (Apologies if this has been mentioned already)
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LC0112G

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Re: Budget.
« Reply #50 on: Today at 09:34:58 »

The reason that the £20K cash limit has been kept for over 65's is that SS ISAs are basically stock market investments, and these sort of investments are only suited to medium and long term savings. Whilst the returns on the stock markets exceed cash long term, they are volatile and can go up and down lots in the short term - 20% drops aren't unknown. Therefore, SS ISAS aren't really suitable for coffin dodgers who may need to cash in the investments at short notice.

Personally I think even £12K p/a is far too much in cash regardless of age.
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TheBoy

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Re: Budget.
« Reply #51 on: Today at 10:37:15 »

Not enough for defence. 2.6 % GDP so a soft budget. You got off lightly.

Weren”t NATO members supposed to up spending to a target of 5%, as per Trumpy?


( buy shares in drone building companies)
We can't spend money on defence and take 500,000 children out of poverty. The wánker Starmer was getting all emotional about these children on the news at lunchtime. Playing to his back benchers again.
Call me old fashioned, but if you can't afford more than 2 snotty kids without the taxpayer funding your little bastids, don't have more than 2.

Simples*


*Useless you are Starmer.
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Viral_Jim

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Re: Budget.
« Reply #52 on: Today at 11:37:50 »

CPI is 3.6%, cash ISAs paying over 4% are easy to find.

Very true, but a) people have to be on board with chopping and changing to get the best deals, and b) over the past 5yrs those savers will have lost a shed load of spending power as its been well over 10% at points.
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STEMO

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Re: Budget.
« Reply #53 on: Today at 11:57:56 »

CPI is 3.6%, cash ISAs paying over 4% are easy to find.

Very true, but a) people have to be on board with chopping and changing to get the best deals, and b) over the past 5yrs those savers will have lost a shed load of spending power as its been well over 10% at points.
If Rachel thinks that people who can afford to put more than £12K away each year are going to put it into stocks and shares, then she's plain stupid. To the vast majority of people, me included, stability is key.
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STEMO

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Re: Budget.
« Reply #54 on: Today at 12:02:40 »

The reason that the £20K cash limit has been kept for over 65's is that SS ISAs are basically stock market investments, and these sort of investments are only suited to medium and long term savings. Whilst the returns on the stock markets exceed cash long term, they are volatile and can go up and down lots in the short term - 20% drops aren't unknown. Therefore, SS ISAS aren't really suitable for coffin dodgers who may need to cash in the investments at short notice.

Personally I think even £12K p/a is far too much in cash regardless of age.
£24K for a couple or, in my case, £32K for a couple, which is plenty. But if we had more, I would make sure we both earned interest up to our respective allowances, and I'd keep the rest in our current account. I'm spiteful like that  :)
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STEMO

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Re: Budget.
« Reply #55 on: Today at 12:14:22 »

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.
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Sir Tigger KC

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Re: Budget.
« Reply #56 on: Today at 13:12:02 »

Not enough for defence. 2.6 % GDP so a soft budget. You got off lightly.

Weren”t NATO members supposed to up spending to a target of 5%, as per Trumpy?


( buy shares in drone building companies)
We can't spend money on defence and take 500,000 children out of poverty. The wánker Starmer was getting all emotional about these children on the news at lunchtime. Playing to his back benchers again.
Call me old fashioned, but if you can't afford more than 2 snotty kids without the taxpayer funding your little bastids, don't have more than 2.

Simples*


*Useless you are Starmer.

There's a cohort of voters that can have more than one wife and hoards of kids between them all, that Starmer and the Labour party are desperate to keep on side.  :-X
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TheBoy

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Re: Budget.
« Reply #57 on: Today at 13:19:52 »

There's a cohort of voters that can have more than one wife and hoards of kids between them all, that Starmer and the Labour party are desperate to keep on side.  :-X
And they are fast becoming the majority.  So maybe Starmer and Theeves aren't as stupid as we think....
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Re: Budget.
« Reply #58 on: Today at 14:17:47 »

7Another 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.

Until when?.....2028. ::)
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Rangie

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Re: Budget.
« Reply #59 on: Today at 14:42:58 »

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.
.

Have paid tax on my pensions ever since I retired, the only one that remains untouched is the state pension, but it I'm being completely honest I am quite happy with what I receive, but I'm unhappy that my tax payments go towards people who can't be bothered getting of their arses to work & who keep knocking out sprogs for extra benefits. When the state pension exceeds the threshold they will simply take more from any occupational pensions that you're in receipt of as they do now it's total codswallop that it will be " tax free "
« Last Edit: Today at 14:45:48 by Rangie »
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