Interest rates increased

[Richie]

Yeah I don't get that... Why does it take until July to implement? Surely it's a matter of changing the parameters on the HMRC machines from £9880 to £12570 and it will work it out.

Are they suggesting it takes 3-4 months to implement that?

 

[Richie]

And it's only a temporary one year measure isn't it?

No, the threshold is permanent. It's the NI increase that reduces back down but a new 1.5% levy is added as a new tax from April 2023

The threshold increase will still be there for NI meaning you pay less NI.

What changing from NI to the Health and Social Care levy results in is working pensioners paying it which they don't now - people that have reached state pension age don't pay NI even if they are working and breach the threshold currently but they will pay the H&SC levy

 

[Energize]

Has anyone even got their £150 council tax rebate yet? Don't know of a single person who has actually received it.

 

[dlockers]

Has anyone even got their £150 council tax rebate yet? Don't know of a single person who has actually received it.

Yes paid in the other day

 

[Slam62]

No, I will never get it, tossers

 

[dlockers]

No, I will never get it, tossers

Because you live in a massive house that you refuse to sell?

 

[Slam62]

Err it's the family home, I pay ridiculously high council tax anyway. Rishi has turned out to be useless tbh £150 won't touch the sides.

 

[Duke]

Has anyone even got their £150 council tax rebate yet? Don't know of a single person who has actually received it.

Yes a few weeks ago.

 

[Richie]

Because you live in a massive house that you refuse to sell?

3 bed semi is a massive house nowadays?

I'm not getting it either and that's what I am in

 

[Zefan]

3 bed semi is a massive house nowadays?

I'm not getting it either and that's what I am in

How dare you and @Slam62! Sell it immediately you capitalist pig. Bet you love Putin too

 

[Deleted member 77746]

3 bed semi is a massive house nowadays?

I'm not getting it either and that's what I am in

Depends if you single with no pets, no one else for company and no assets.

 

[Slam62]

I don't think we should be telling people what to do with things they have paid for.

 

[Deleted member 77746]

I don't think we should be telling people what to do with things they have paid for.

You are on OcUK Forums - We should. You need to sell tomorrow and downsize for someone who needs it.

 

[dlockers]

3 bed semi is a massive house nowadays?

I'm not getting it either and that's what I am in

It is if you are a loner. Stop hogging good property and sell it to me.

 

[Goodie]

Absolutely bonkers idea to tie the rebate into council tax bandings, but in no way a surprise.

 

[dlockers]

Absolutely bonkers idea to tie the rebate into council tax bandings, but in no way a surprise.

What was the better approach?

In Italy they used to tag TV license to electricity bills

 

[DB_SamX]

Has anyone even got their £150 council tax rebate yet? Don't know of a single person who has actually received it.

Yes, couple of weeks ago.

 

[martin363]

What was the better approach?

In Italy they used to tag TV license to electricity bills

They still do that in Greece

 

[413x]

I can't think of an easy better way than the band a-d thing.
Anything else would be a nightmare to action.

I don't get it in an E property.
But really I don't NEED it.
But it's not a grand house. It's a nice house for 2 people. But if had a family it would absolutely not feel grand. And I'd probably be wanting the 150 but miss out.

 

[Surveyor]

I can't think of an easy better way than the band a-d thing.
Anything else would be a nightmare to action.

I don't get it in an E property.
But really I don't NEED it.
But it's not a grand house. It's a nice house for 2 people. But if had a family it would absolutely not feel grand. And I'd probably be wanting the 150 but miss out.

No one outside of England gets it. The devolved administrations will receive around £576 million and it'll be up to them how they use it to provide support.