Well perhaps if the cabinet were more diverse, they'd know to cut the flat cap and whippet tax if they wanted to win working people over to their side.
The Budget 2014 - 12:30
- Thread starter Cosimo
- Start date
Well perhaps if the cabinet were more diverse, they'd know to cut the flat cap and whippet tax if they wanted to win working people over to their side.
LOL who would have thought that a party full of millionaire old Etonians would be so in touch with what the common man looks forward to in his spare time - drinking and gambling. http://www.bbc.co.uk/news/uk-politics-26658742
i cant wait for labour to pull another pr stunt like they did over the pasty tax when ed and ed ran to a greggs to look more working class lol
Associate
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Most people underestimate their life expectancy at retirement, so will probably try to draw down more than they really should.
There are still plenty of benefits that can be claimed if state pension is the only income.
Transfer out of a DB scheme is already hard as it is automatically considered mis-sold unless proven otherwise.
DB pensions have a stonkingly huge value. Against the LTA test, a £20k pa pension has a value of £400k. Against current annuity rates, it might be over £600k. Too much temptation there and too much cost for the scheme. With DB you are building a benefit, not a pot. People are free to opt-out of their DB pension, but that would probably be the worst financial decision they ever made.
Personally, I will benefit rather a lot from the changes provided they last another 25 years. The only one I don't like is have the minimum pension age raised 3 years for me. I'm not at all sure this will work out for the less financially literate - the cost of retirement is widely underestimated and locking up pensions ensured that the funds had to be spread over retirement.
Perhaps we are going to end up with a lot of 70 year old cab drivers when their money runs out?
Pretty turd there hasn't been a sniff of stamp duty reforms this time round
Must be saving it for nearer election time.
Why would they touch stamp duty with the help to buy scheme in full swing and being extended? More houses being built, more stamp duty.
Especially in the south east where the bulk of houses will be over the £250k threshold, and where most of them are being built.
It really worries me how much bigger this bubble will grow before it pops.
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Shouldn't be too long before rates start going up again.
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ALL MPs are corrupt and only out for what they can get for themselves and their friend/family. Doesnt matter who you vote for the working class will get screwed. All that will happen is Labour will get back in, start to spend spend spend and give money away to other countries and their people. AFter a couple of terms we will find out we are broke and the country is bankrupt, thats when the tories will get in, they will try and balance the books by cutting the spending and once again the working class will get battered. After a couple of terms people will listen to labours promise that they can spend their way out of the problem. They will get in and everyone will think we are back on track but they will be using borrowed money to help the countries so called recovery then the whole process will carry on. Its been happening for hundreds of years and it will carry on for many more. WHat you can be certain of is that working class people (and that goes for the so called middle class as well) will get screwed
What's the point of democracy if only a few voices are heard? The advert is incredibly patronising and suggests that 'hardworking people' care more about beer and bingo than the NHS, policing or unemployment.
utter nonsense. Transferring individuals from DB schemes can be done fine with no need to "prove" it's not been mis-sold. It has to be correctly and for the benefit of the client agreed.
I wholeheartedly agree the cabinet needs to be more diverse and in doing so should show solidarity in the face of the mess left by Labour. They'd do well to elect someone without privilege, a common background of hard workers. Perhaps it should even be a woman, if she were the daughter of someone the voters could identify with, such as say... a greengrocer? There's nothing to complain about then surely?
LOL!
Seriously though it's independent from the government (lol) and if it went up a lot of people would be very ****ed. It will come, May 2nd 2015.
Soldato
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Date sounds about right.
Savers are better off are they? There was little problem really with having some of your ISA wrapper in cash, and some in stocks/shares.
The problem we face is that interest rates are still ****. And even when they do go up, saving rates will still be ****.
Associate
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"It has to be correctly and for the benefit of the client agreed" sounds a bit like proving it is suitable. If it is not suitable, it has been missold.
FCA guidance is rather clear on this - specific regulatory permissions and a TVA are required among other things.
Most personal pension providers will not accept a non-advice DB transfer because of the strict FCA guidance. Most IFAs will not undertake an "insistent client" transfer because of their compliance requirements.
So you get left with needing to prove that it is beneficial in order to do it.
Soldato
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A lot of talk within the press regarding the bingo and beer tax 
Probably the only part of it which I thought was ridiculous.
Probably the only part of it which I thought was ridiculous.
It will just be a continuation of what is the trend now. Fewer and fewer people can afford to buy a house, and as such more people will rent.
I don't think it will increase BTL that much anyway though, as retirees find it a lot more difficult to get mortgages, and if they draw out the amount to buy a house outright would be paying an awful lot of tax.
With Russia acting up you think any party will want to get rid Trident??
Go back to hugging trees why don't u