toffeeboy
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Post by toffeeboy on May 23, 2023 11:06:35 GMT
I'm sure quote a few of us on here agree with the above post. Working hard and saving in the UK seems to be a mugs game. I'm not a 40% tax payer but earn an average wage. If I do a bit overtime and save a bit I could end up a 40% tax payer(scottish tax rates)which seems ridiculous . We dont live extravagantly, I run a 13 year old car, we holiday mostly in our motorhome so no expensive hols.we shop at aldi. Point I'm making is we are getting taxed more and more, my council tax is now £268 a month for reducing public services, poor roads and poor NHS. I can understand why folk might want to consider moving somewhere else with better quality of life, safer and warmer. Interesting thread which hopefully will share info that we may all benefit from . So basic you are on average wage, so if you do overtime and and earn interest/dividends on top of this then you become an above average earner and pay the higher part of your earnings at a higher rate than the average earner. That is how a tax band system works. The fact that you are managing to save suggests you have some extra disposable income which a lot of people don't have.
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alender
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Post by alender on May 23, 2023 12:03:58 GMT
I'm sure quote a few of us on here agree with the above post. Working hard and saving in the UK seems to be a mugs game. I'm not a 40% tax payer but earn an average wage. If I do a bit overtime and save a bit I could end up a 40% tax payer(scottish tax rates)which seems ridiculous . We dont live extravagantly, I run a 13 year old car, we holiday mostly in our motorhome so no expensive hols.we shop at aldi. Point I'm making is we are getting taxed more and more, my council tax is now £268 a month for reducing public services, poor roads and poor NHS. I can understand why folk might want to consider moving somewhere else with better quality of life, safer and warmer. Interesting thread which hopefully will share info that we may all benefit from . So basic you are on average wage, so if you do overtime and and earn interest/dividends on top of this then you become an above average earner and pay the higher part of your earnings at a higher rate than the average earner. That is how a tax band system works. The fact that you are managing to save suggests you have some extra disposable income which a lot of people don't have. For a lot of people in the UK saving is a choice between not spending money on the things other people regard as essential, latest Iphones, New leased car, Sky subscriptions, betting, alcohol, cigarettes, fast food etc. I have a 17 year old car which just gets me through Ulez which I maintain myself I do very little miles in the car as I cycle when I can, I am 66 and cycle some week close to 100 miles, rain, dark does not bother me, I do it for health reasons, enjoy it and saves money. I also find that on average it takes not much longer than driving due to traffic, road works etc and sometimes a lot quicker. My TV was bought 4 years ago second hand, works great No paid TV subscriptions, have not got time to watch all the TV I already have recorded. Get and give stuff on Freecycle to help me and other people Get all my heating from wood supplied free from tree surgeons which I cut and split myself Never buy fast food mostly for health reasons I upgrade my PC with more memory and change HDD to SSD myself, means I do not require to buy latest PC, works great. How many of people who can't afford to save do some of the above. I used to employ labours from time to time (hardly any want work now as these same people are on benefits), I know number of people who employ low skilled labour in their businesses, I can assure you they all seem to have spare cash for drink, drugs (becoming the greatest problem for some employers I know), betting, cigarettes, latest phones, fast food and yes they can't afford to save any money.
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mogish
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Post by mogish on May 24, 2023 18:43:30 GMT
Exactly alender.i dont need sky tv, the latest train ers, best phone, take away food most night. I sacrifice now to enjoy an early comfortable retirement . Why should I give it to the state to waste?
My point is, the wage I earn is not big, the way I manage finances is my choice. If I lived like some folk on an average wage I wouldn't be able to save.
40% tax at 43 I is absolutely ridiculous.
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mogish
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Post by mogish on May 24, 2023 18:51:53 GMT
That's 43k not age 43! And no I don't earn that.
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toffeeboy
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Post by toffeeboy on May 25, 2023 9:10:43 GMT
That's 43k not age 43! And no I don't earn that. But the average wage us £26k so to reach 40% you 1.65 times the national average. Just exactly how high do you think the 40% tax band should be. Come down to England it's £50k before you start paying 40%
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Post by willsmithgrrrr on Jul 20, 2023 20:08:56 GMT
Hi l read you are Scottish taxpayer the 40 % limit is less than UK.
However you do benefit or perhaps you or family will benefit in the future from free care at home up to 20k a year and uni fees up to 9k a year.
(both nons means tested per person)
Also the wide impact Scottish Government has on poorer people with 25 a week new extra Scottish child benefit payments ( no 2 child limit) praised for cutting child poverty , free under 22 over 60 bus passes and free prescriptions etc as well as lower council tax and water in public ownership lower bills as meters banned.
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alender
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Post by alender on Jul 21, 2023 9:45:35 GMT
Hi l read you are Scottish taxpayer the 40 % limit is less than UK. However you do benefit or perhaps you or family will benefit in the future from free care at home up to 20k a year and uni fees up to 9k a year. (both nons means tested per person) Also the wide impact Scottish Government has on poorer people with 25 a week new extra Scottish child benefit payments ( no 2 child limit) praised for cutting child poverty , free under 22 over 60 bus passes and free prescriptions etc as well as lower council tax and water in public ownership lower bills as meters banned. I guess what you are saying is if you are low or no income go to Scotland, works well when it is taxes raised in England which are paying for this, these polices work well until you run out of other people’s money, perhaps another reason to leave the UK. In my case the reasons for relocating are 1. Crippling taxation. 2. Poor Healthcare. 3. Crime and very poor policing. 4. General anti business agenda so UK will be in managed decline for the foreseeable future. 5. No confidence in either of the 2 main political parties will address the issues facing the UK so IMO will just get worse. 6. Weather. 7. Poor roads and Railways, big effort to go anywhere now. Although taxation is at the top of my list other reasons are important especially Healthcare and crime. In Gibraltar average wait time in A&E less than 20 minutes, in the last year myself and my partner (professional carer so sometimes has to take people to A&E) experience is 8 to 12 hours. I can fly to Gibraltar get seen in A&E, fly home and have time for a light snack and a cup of tea before being seen in my local A&E.
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ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Jul 21, 2023 12:36:17 GMT
Hi l read you are Scottish taxpayer the 40 % limit is less than UK. However you do benefit or perhaps you or family will benefit in the future from free care at home up to 20k a year and uni fees up to 9k a year. (both nons means tested per person) Also the wide impact Scottish Government has on poorer people with 25 a week new extra Scottish child benefit payments ( no 2 child limit) praised for cutting child poverty , free under 22 over 60 bus passes and free prescriptions etc as well as lower council tax and water in public ownership lower bills as meters banned. I guess what you are saying is if you are low or no income go to Scotland, works well when it is taxes raised in England which are paying for this, these polices work well until you run out of other people’s money, perhaps another reason to leave the UK. In my case the reasons for relocating are 1. Crippling taxation. 2. Poor Healthcare. 3. Crime and very poor policing. 4. General anti business agenda so UK will be in managed decline for the foreseeable future. 5. No confidence in either of the 2 main political parties will address the issues facing the UK so IMO will just get worse.6. Weather. 7. Poor roads and Railways, big effort to go anywhere now. Although taxation is at the top of my list other reasons are important especially Healthcare and crime. In Gibraltar average wait time in A&E less than 20 minutes, in the last year myself and my partner (professional carer so sometimes has to take people to A&E) experience is 8 to 12 hours. I can fly to Gibraltar get seen in A&E, fly home and have time for a light snack and a cup of tea before being seen in my local A&E. Absolutely BANG ON, and not just the " the 2 main political parties", they are ALL shite.
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Post by willsmithgrrrr on Jul 21, 2023 15:14:15 GMT
Yes, if lower income perhaps relocation to Scotland the cost living is also cheaper. However plenty Middle class people with kids that will hopefully one day go to University relocate saving 27k per child.
Plenty wealthy over 55s relocate here for a slower , cheaper friendlier way of life and one eye on up to 20k free care at home to save the house getting sized by the council.
Plenty have as much as told me this, and a Social Worker actually told me people have checked in at caravan parks with elderly parents then shot off back to England in the hope that 90yr old Granny is looked after and their inheritance is protected.
A 2 yr policy was since brought in to qualify for free care.
Unbelievable what lengths people will do when their inheritance is at stake it brings the worst out in us all.
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mogish
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Post by mogish on Aug 1, 2023 20:06:14 GMT
Some guys at work have just put all their assets into trust deeds for thier kids to avoid the council making them sell their houses when they might need care later in life. I also heard of a family member who charged the dead aunts estate for 3 years mileage for all the visits he had made before she died. Incredible what folk do.
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travolta
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Post by travolta on Aug 1, 2023 21:21:00 GMT
Eire?
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Post by willsmithgrrrr on Aug 3, 2023 11:37:21 GMT
Some guys at work have just put all their assets into trust deeds for thier kids to avoid the council making them sell their houses when they might need care later in life. I also heard of a family member who charged the dead aunts estate for 3 years mileage for all the visits he had made before she died. Incredible what folk do. Yes, it's strange we all say how terrible these types of thing are and we all would do the exact same given the chance.. One thing for sure in Scotland older people are definitely looked after better in comparison to rest UK free care at home obviously that comes at higher taxes on higher earners but it's probably fairer than a hard working persons home sold to meet care fees when the person next to them in care home has signed over their bungalow to kids that 9 times out of 10 don't need the money, and proceeds just be a new BMW , exotic holidays and fund a luxury lifestyle. Working class poorer people tend to not really understand the system their ex council 120k house sold pay care and there's nothing left for their just getting by kids in debt or needing a house deposit Always think this type thing pretty unfair really.
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Post by captainconfident on Aug 3, 2023 12:24:05 GMT
Some guys at work have just put all their assets into trust deeds for thier kids to avoid the council making them sell their houses when they might need care later in life. I also heard of a family member who charged the dead aunts estate for 3 years mileage for all the visits he had made before she died. Incredible what folk do. Yes, it's strange we all say how terrible these types of thing are and we all would do the exact same given the chance.. One thing for sure in Scotland older people are definitely looked after better in comparison to rest UK free care at home obviously that comes at higher taxes on higher earners but it's probably fairer than a hard working persons home sold to meet care fees when the person next to them in care home has signed over their bungalow to kids that 9 times out of 10 don't need the money, and proceeds just be a new BMW , exotic holidays and fund a luxury lifestyle. Working class poorer people tend to not really understand the system their ex council 120k house sold pay care and there's nothing left for their just getting by kids in debt or needing a house deposit Always think this type thing pretty unfair really. It is one of the great fault lines in the country that one section of society has children who inherit nothing, while special tax structures enable another part of society to avoid tax liabilities in order to hand their wealth to their children. It's unjustifiable. This is not the right forum to make this point on as most people here are likely to be in the latter category and will be ferociously keen on enriching their offspring while regarding those less well off as undeserving, life's failures - bus drivers, carers etc. But the fact is the ladder is pulled up by the wealthy leaving the lower bracket to pay proportionately more of the tax and with no chance of getting their noses anywhere near the trough.
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Post by bracknellboy on Aug 3, 2023 13:11:07 GMT
Yes, it's strange we all say how terrible these types of thing are and we all would do the exact same given the chance.. One thing for sure in Scotland older people are definitely looked after better in comparison to rest UK free care at home obviously that comes at higher taxes on higher earners but it's probably fairer than a hard working persons home sold to meet care fees when the person next to them in care home has signed over their bungalow to kids that 9 times out of 10 don't need the money, and proceeds just be a new BMW , exotic holidays and fund a luxury lifestyle. Working class poorer people tend to not really understand the system their ex council 120k house sold pay care and there's nothing left for their just getting by kids in debt or needing a house deposit Always think this type thing pretty unfair really. It is one of the great fault lines in the country that one section of society has children who inherit nothing, while special tax structures enable another part of society to avoid tax liabilities in order to hand their wealth to their children. It's unjustifiable. This is not the right forum to make this point on as most people here are likely to be in the latter category and will be ferociously keen on enriching their offspring while regarding those less well off as undeserving, life's failures - bus drivers, carers etc. But the fact is the ladder is pulled up by the wealthy leaving the lower bracket to pay proportionately of the tax and with no chance of getting their noses anywhere near the trough. from an intellectual standpoint, I struggle with the idea that people OBVIOUSLY have a god given earthly granted right to pass their wealth onto their offsprings, and how dare anyone take away big chunks in tax; or even that it is outrageous that they should have to use their assets to provide for their own care while still alive preventing them from passing on their house/investments etc. to their children. Emotionally I get it, but intellectually in its rawest form I find it an incoherent/indefensible position - at least given any argument that I've ever had put to me to date. And as you say, the inequity in the wealthiest being able to squirrel away large troves through perfectly legal tax avoidance schemes, which are near as well expressly allowed and designed for that purpose, while the less wealthy cannot, is striking.
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benaj
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Post by benaj on Aug 3, 2023 15:25:43 GMT
Well, being in a foreign country right now made me realise it important to have right bank account setup first before relocating. Some banks are a bit of pain when transferring money while being outside the UK.
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