Date: 26-05-20  Time: 20:42 PM

Author Topic: This is NOT an attempt to start a discussion...  (Read 33043 times)

VNA - BMW Wank

  • BMW Wank
  • GP Hero
  • ******
  • Posts: 4,451
    • Main bike:
      FZS 1000 Gen1
    • - BMW R1250R Honda C90
    • View Profile
Re: This is NOT an attempt to start a discussion...
« Reply #2025 on: 19 February 2020, 08:41:01 PM »
Lets see if I can lighten things up with a wee funny........ :D

mtread

  • GP Hero
  • ******
  • Posts: 3,342
    • Main bike:
      FZS600 02-03
    • - Triumph Speed Trip & Tiger 800
    • View Profile
Re: This is NOT an attempt to start a discussion...
« Reply #2026 on: 20 February 2020, 12:06:47 AM »
Likewise..

Grahamm

  • GP Hero
  • ******
  • Posts: 5,750
    • Main bike:
      FZ6 04-06
    • View Profile
    • Affordable Leather Products
Re: This is NOT an attempt to start a discussion...
« Reply #2027 on: 20 February 2020, 12:16:45 AM »
Ok, here's one to delight the "We need to reduce immigration" gang...

The Government has said that the 8 million "Economically Inactive" people can fill the gaps that will be left by them cutting immigration.

Great! British Jobs for British People!!!

Except the ONS says:

Quote
The biggest category is students, who account for 27% of the inactive. They may be able to take on part-time jobs, but could not be relied upon to deal with the staff shortages that some business groups have warned about.

Another 26% of the inactive population count as sick - almost all of whom are long-term sick.

Next up, 22% of the inactive are those who are looking after their homes or caring for family members.

The fourth most common reason for economic inactivity is people who have retired before the age of 65 - that's 13% of the total.

There is a very small category - less than half a percent - who describe themselves as "discouraged workers".

The last 11% are classified as "other", which includes people who say they have not yet started looking for work, those awaiting the results of job applications and some who say they do not need to work.

The ONS says that of the 8.48 million economically inactive people:

    6.61 million do not want a job
    1.87 million would like a job

So those 1.87 million could be targeted by businesses seeking to invest in their skills - although there may be various reasons why they are not currently looking for work.

What? The British Government using dodgy figures to gloss over the holes in their dodgy policies...?


PS Priti Patel’s own parents wouldn’t pass her new immigration points rules

Better send her back where they came from!


mtread

  • GP Hero
  • ******
  • Posts: 3,342
    • Main bike:
      FZS600 02-03
    • - Triumph Speed Trip & Tiger 800
    • View Profile
Re: This is NOT an attempt to start a discussion...
« Reply #2028 on: 20 February 2020, 09:36:35 AM »
I'm 'economically inactive' (64 and retired) and I'm not going to be wiping any old people's bottoms.  :lol

YamFazFan

  • GP Hero
  • ******
  • Posts: 3,149
    • Main bike:
      FZS600 02-03
    • - Kawasaki KL250
    • View Profile
Re: This is NOT an attempt to start a discussion...
« Reply #2029 on: 20 February 2020, 11:47:03 AM »
I don't expect you need to with the pension you're on :pokefun
Beauty is in the eye of the beerholder.

VNA - BMW Wank

  • BMW Wank
  • GP Hero
  • ******
  • Posts: 4,451
    • Main bike:
      FZS 1000 Gen1
    • - BMW R1250R Honda C90
    • View Profile
Re: This is NOT an attempt to start a discussion...
« Reply #2030 on: 20 February 2020, 10:00:38 PM »
 Pensions are interesting.


I’m hoping to retire early in just a few years time.    So, under government pension rules I’m feeding extra money into my pension, and I do so before tax.  You are allowed to pay up to 10k pa before tax.  If you are paying 40% tax that is quite a saving and boost when you retire.  If on the basic rate it’s still a great saving, but obviously harder to find the cash for. 



Obviously, anybody who can afford to do so would be daft not to, particularly as you get nearer your retirement age. 



For investors there is also ISA, allowing you to put away 10k per annum under ISA, and there’s no tax to pay.


Obviously, the more money you have the more likely you are to be able to take advantage is such rules - and of course the less tax you pay.   The less money you have the less likely you are to be able to take advantage, and you are stuck paying your full taxes. 



So whilst the better off are feeding their pension pots and building up not unsubstantial ISA investments in order to retire early, and dodging shed loads of tax in the process, the Tories are proposing that the masses should work till they are 70 before getting their state pension, if they haven’t dropped dead first.
 

VNA - BMW Wank

  • BMW Wank
  • GP Hero
  • ******
  • Posts: 4,451
    • Main bike:
      FZS 1000 Gen1
    • - BMW R1250R Honda C90
    • View Profile
Re: This is NOT an attempt to start a discussion...
« Reply #2031 on: 20 February 2020, 10:02:51 PM »
Ah, well you gotta have a laugth;

Trebus

  • Club Racer
  • ****
  • Posts: 312
    • Main bike:
      FZS 1000 Gen1
    • View Profile
Re: This is NOT an attempt to start a discussion...
« Reply #2032 on: 20 February 2020, 10:11:34 PM »

.........


I’m hoping to retire early in just a few years time.    So, under government pension rules I’m feeding extra money into my pension, and I do so before tax.  You are allowed to pay up to 10k pa before tax.  If you are paying 40% tax that is quite a saving and boost when you retire.  If on the basic rate it’s still a great saving, but obviously harder to find the cash for. 

............,

Actually the figure is £40k PA or 100% of salary
« Last Edit: 20 February 2020, 10:12:53 PM by Trebus »

VNA - BMW Wank

  • BMW Wank
  • GP Hero
  • ******
  • Posts: 4,451
    • Main bike:
      FZS 1000 Gen1
    • - BMW R1250R Honda C90
    • View Profile
Re: This is NOT an attempt to start a discussion...
« Reply #2033 on: 20 February 2020, 11:33:17 PM »
Quote
Actually the figure is £40k PA or 100% of salary
Indeed, and I understand that there is a ceiling on how much you can pay in - life time allowance.  I'm not sure of that figure, as I don't need to concern myself with it.
So yes you can pay in 40K a year, or 100% salary, but only 10K pa can be before tax (gross pay, the rest will be net pay - ie after tax)

YamFazFan

  • GP Hero
  • ******
  • Posts: 3,149
    • Main bike:
      FZS600 02-03
    • - Kawasaki KL250
    • View Profile
Re: This is NOT an attempt to start a discussion...
« Reply #2034 on: 21 February 2020, 06:16:33 AM »

I'm surprised you haven't got a fleet of new BMW's the wealth you're amassing.



Beauty is in the eye of the beerholder.

Grahamm

  • GP Hero
  • ******
  • Posts: 5,750
    • Main bike:
      FZ6 04-06
    • View Profile
    • Affordable Leather Products
Re: This is NOT an attempt to start a discussion...
« Reply #2035 on: 21 February 2020, 12:00:38 PM »
Whats the difference between USA and USB?

One connects to your devices and accesses your data, the other is a hardware standard.

UK Google users to lose EU data protection

YamFazFan

  • GP Hero
  • ******
  • Posts: 3,149
    • Main bike:
      FZS600 02-03
    • - Kawasaki KL250
    • View Profile
Beauty is in the eye of the beerholder.

VNA - BMW Wank

  • BMW Wank
  • GP Hero
  • ******
  • Posts: 4,451
    • Main bike:
      FZS 1000 Gen1
    • - BMW R1250R Honda C90
    • View Profile
Re: This is NOT an attempt to start a discussion...
« Reply #2037 on: 21 February 2020, 06:56:44 PM »
 
Quote
I'm surprised you haven't got a fleet of new BMW's the wealth you're amassing.
Well one, I want to retire early.
Two, the plant at which I work is nearing the end of it’s life, so I might end up being made redundant sooner or later.
Three, the state pension isn’t available to me until I turn 67, that’s a long way off for me.
So yeah on the one hand I’m taking advantage of some of the tax breaks available to me, on the other I ain’t got much choice.  There ain’t many jobs round here, and I’m a little long in the tooth for working away from home.
 

VNA - BMW Wank

  • BMW Wank
  • GP Hero
  • ******
  • Posts: 4,451
    • Main bike:
      FZS 1000 Gen1
    • - BMW R1250R Honda C90
    • View Profile
Re: This is NOT an attempt to start a discussion...
« Reply #2038 on: 21 February 2020, 06:58:02 PM »
Quote
There's a hole in our budget, our budget, our budget :guitar


Just wait till you see the damage BREXIT des to our economy.
Yup it's not good news for the EU, but it's nothing like the hit we are about to take.

steve 10562cc

  • WSB Pack Hound
  • *****
  • Posts: 588
    • Main bike:
      Other
    • - KAWASAKI Z1000
    • View Profile
Re: This is NOT an attempt to start a discussion...
« Reply #2039 on: 21 February 2020, 07:15:31 PM »
Staring into your magic crystal ball again.

VNA - BMW Wank

  • BMW Wank
  • GP Hero
  • ******
  • Posts: 4,451
    • Main bike:
      FZS 1000 Gen1
    • - BMW R1250R Honda C90
    • View Profile
Re: This is NOT an attempt to start a discussion...
« Reply #2040 on: 21 February 2020, 07:45:00 PM »
 
Quote
Staring into your magic crystal ball again.

Not really, the darling economist of the BREXITEERS Professor Minford has already stated that a hard BREXIT, which is what we are going to have, that or a NO DEAL BREXIT, will effectively lead to the end of manufacturing in the UK.  Whilst he believes that overall the UK economy will be stronger, the bulk of the growth will be in the financial sectors.  And the move for the masses is towards a hire and fire low wage flexible workforce.  He’s quite clear, BREXIT means growing inequality.  Many Tories have been dreaming of this for decades – and it appears their wish has been granted. 
 

VNA - BMW Wank

  • BMW Wank
  • GP Hero
  • ******
  • Posts: 4,451
    • Main bike:
      FZS 1000 Gen1
    • - BMW R1250R Honda C90
    • View Profile
Re: This is NOT an attempt to start a discussion...
« Reply #2041 on: 22 February 2020, 01:20:28 PM »
And where the heck is Boris?

YamFazFan

  • GP Hero
  • ******
  • Posts: 3,149
    • Main bike:
      FZS600 02-03
    • - Kawasaki KL250
    • View Profile
Re: This is NOT an attempt to start a discussion...
« Reply #2042 on: 22 February 2020, 01:24:10 PM »
And where the heck is Boris?
Here he is :D

Beauty is in the eye of the beerholder.

VNA - BMW Wank

  • BMW Wank
  • GP Hero
  • ******
  • Posts: 4,451
    • Main bike:
      FZS 1000 Gen1
    • - BMW R1250R Honda C90
    • View Profile
Re: This is NOT an attempt to start a discussion...
« Reply #2043 on: 22 February 2020, 01:26:43 PM »

YamFazFan

  • GP Hero
  • ******
  • Posts: 3,149
    • Main bike:
      FZS600 02-03
    • - Kawasaki KL250
    • View Profile
Re: This is NOT an attempt to start a discussion...
« Reply #2044 on: 22 February 2020, 03:35:25 PM »
Quote
I'm surprised you haven't got a fleet of new BMW's the wealth you're amassing.
Well one, I want to retire early.
Two, the plant at which I work is nearing the end of it’s life, so I might end up being made redundant sooner or later.
Three, the state pension isn’t available to me until I turn 67, that’s a long way off for me.
So yeah on the one hand I’m taking advantage of some of the tax breaks available to me, on the other I ain’t got much choice.  There ain’t many jobs round here, and I’m a little long in the tooth for working away from home.
There's no need to justify it.

Nothing wrong whatsoever with amassing money or taking advantage of perfectly legal tax minimising measures. Millions of folk do so, including big businesses and tycoons etc...
You're to be congratulated for having such financial acumen :thumbup
Beauty is in the eye of the beerholder.

VNA - BMW Wank

  • BMW Wank
  • GP Hero
  • ******
  • Posts: 4,451
    • Main bike:
      FZS 1000 Gen1
    • - BMW R1250R Honda C90
    • View Profile
Re: This is NOT an attempt to start a discussion...
« Reply #2045 on: 22 February 2020, 04:52:42 PM »
Quote
Nothing wrong whatsoever with amassing money or taking advantage of perfectly legal tax minimising measures. Millions of folk do so, including big businesses and tycoons etc...
You're to be congratulated for having such financial acumen
The point is, that in the new low wage hire and fire flexible economy that the Tories want to use BREXIT to create, most will count themselves lucky enough to have the opportunity to pay a little tax, never mind trying to reduce their tax burden or put some cash aside for a rainy day.  I’ve carried my terms, conditions and pension rights through from the day I started working in the 80’s.  I am aware that, despite my employment becoming a little precarious now, that I am also quite fortunate. 
 

mtread

  • GP Hero
  • ******
  • Posts: 3,342
    • Main bike:
      FZS600 02-03
    • - Triumph Speed Trip & Tiger 800
    • View Profile
Re: This is NOT an attempt to start a discussion...
« Reply #2046 on: 22 February 2020, 09:58:42 PM »
Quote
Nothing wrong whatsoever with amassing money or taking advantage of perfectly legal tax minimising measures. Millions of folk do so, including big businesses and tycoons etc...
They're called 'Declared Tax Avoidance' schemes and HMRC are closing them down by changing the law all the time. And if you use one and don't declare you are using one, you go to prison  :)

YamFazFan

  • GP Hero
  • ******
  • Posts: 3,149
    • Main bike:
      FZS600 02-03
    • - Kawasaki KL250
    • View Profile
Re: This is NOT an attempt to start a discussion...
« Reply #2047 on: 22 February 2020, 10:13:47 PM »

Eh?. We're referring to ISA's and paying extra into pension schemes. Dunno what you're on about :rolleyes
Beauty is in the eye of the beerholder.

VNA - BMW Wank

  • BMW Wank
  • GP Hero
  • ******
  • Posts: 4,451
    • Main bike:
      FZS 1000 Gen1
    • - BMW R1250R Honda C90
    • View Profile
Re: This is NOT an attempt to start a discussion...
« Reply #2048 on: 22 February 2020, 10:24:14 PM »
Quote
Eh?. We're referring to ISA's and paying extra into pension schemes. Dunno what you're on about
Big business isn’t interested in ISA’s and pensions, other than trying to do everything they can minimise their pension liabilities, just as they try to avoid paying their employees a decent wage.  Unlike us, big business today often doesn’t pay any tax.
 

Oldgit

  • foccerwithoutaspacebar
  • GP Hero
  • ******
  • Posts: 4,842
  • Old Age & Treachery will Overcome Youth & Skill
    • Main bike:
      Other
    • - BMW R1200RS Sport SE
    • View Profile
Re: This is NOT an attempt to start a discussion...
« Reply #2049 on: 23 February 2020, 02:09:42 PM »

VNA now expects Boris to make the rain stop--you are a fucking idiot right enough.