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"Savings do not get taxed. The interest gets taxed. First £1000 of interest is tax free and interest earned in ISAs is also tax free. " On about taxing pensioners if the have £5000 in savings, no mention of interest , HMRC are sending letters out to pensioners who have over £5000 in savings. | |||
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"Savings do not get taxed. The interest gets taxed. First £1000 of interest is tax free and interest earned in ISAs is also tax free. On about taxing pensioners if the have £5000 in savings, no mention of interest , HMRC are sending letters out to pensioners who have over £5000 in savings." Read this https://www.manchestereveningnews.co.uk/news/cost-of-living/hmrc-issues-5000-savings-warning-33122726 Hopefully it will help you understand | |||
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"I have paid £60k in tax so far this year; can't use many of the services I pay for. Taxing working people more won't work. " You're one of the one's with broadest shoulders and expected to contribute more | |||
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"I have paid £60k in tax so far this year; can't use many of the services I pay for. Taxing working people more won't work. " I work all my life working 7 12 hour shifts no better off my last job was a director. Better of been on drugs or alcohol . | |||
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"Do you have a source for this story as I’m calling it as bull💩? " He has just put it up... | |||
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"They are stupid. I've started cashing in my premium bonds." | |||
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"Do you have a source for this story as I’m calling it as bull💩? He has just put it up... " But that relates to tax on interest received from savings AKA ‘income’ so it’s not a tax on savings. | |||
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"I’m assuming this is a parody comment? They are stupid. I've started cashing in my premium bonds." Jesus is Ernie still about . Ha got some green shield stamps somewhere  | |||
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"Do you have a source for this story as I’m calling it as bull💩? He has just put it up... But that relates to tax on interest received from savings AKA ‘income’ so it’s not a tax on savings. " Yes but alot of pensioners save for there funeral, how much has these politicians got stashed away £5000 is popcorn 🍿 where funeral are concerned. Better start stuffing the mattress least attendance allowance ain't taxable | |||
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"Do you have a source for this story as I’m calling it as bull💩? He has just put it up... But that relates to tax on interest received from savings AKA ‘income’ so it’s not a tax on savings. Yes but alot of pensioners save for there funeral, how much has these politicians got stashed away £5000 is popcorn 🍿 where funeral are concerned. Better start stuffing the mattress least attendance allowance ain't taxable "If you’re earning £5k a year in interest on your savings I think you’ll have enough left for your funeral after a bit of tax 🤣 | |||
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"Do you have a source for this story as I’m calling it as bull💩? He has just put it up... But that relates to tax on interest received from savings AKA ‘income’ so it’s not a tax on savings. Yes but alot of pensioners save for there funeral, how much has these politicians got stashed away £5000 is popcorn 🍿 where funeral are concerned. Better start stuffing the mattress least attendance allowance ain't taxable "FFS - it's not if you have £5000 in savings, it's if you earn more than £5000 interest on your savings | |||
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"Pension Withdrawals: Tax is due on income from pensions that exceeds the standard personal allowance (\(£12,570\) in 2025-26 Bet starmer has a lot stashed away incase he gets booted out . Is it enough we have paid tax all our life 😔 " You don’t pay tax on your pension contributions | |||
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"Do you have a source for this story as I’m calling it as bull💩? He has just put it up... But that relates to tax on interest received from savings AKA ‘income’ so it’s not a tax on savings. Yes but alot of pensioners save for there funeral, how much has these politicians got stashed away £5000 is popcorn 🍿 where funeral are concerned. Better start stuffing the mattress least attendance allowance ain't taxable
FFS - it's not if you have £5000 in savings, it's if you earn more than £5000 interest on your savings"What they are doing trying to make up what they have spent . Even my wife is part of the underpaid pensioners.certainly stitched them up . | |||
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"Pension Withdrawals: Tax is due on income from pensions that exceeds the standard personal allowance (\(£12,570\) in 2025-26 Bet starmer has a lot stashed away incase he gets booted out . Is it enough we have paid tax all our life 😔 " As it always has been since the introduction of personal allowances. I bet Starmer wouldn’t mind being a few £million behind Farage in savings. | |||
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"Long live cash! What they can't see they can't tax ☺️😜" I can't imagine living in a world where all my transactions are carried out in cash. It must be extremely limiting, not to mention expensive. You say that they can't tax you, however your valuable cash is not gaining interest and loses value in real terms. | |||
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"I don’t usually comment on these types of posts as they just make me angry , which isn’t why I come onto fab, but this really is the hight of stupidity The article clearly says that tax applies to interest earned over £5k per year. To earn £5k per year in interest at a 4% interest rate you’d need a principal capital amount of £125k in savings. Let’s say you got a better interest rate of 4.25% you’d earn £5,625 in interest so you’d be liable to pay income tax on the last £625 which would be about £130 for most people, so you’d be up by £5,495 by the end of the year and you’d now have £130.5k in your savings account. This would not apply to ISAs which are tax free and would probably be a better option for keeping a large amount of capital in the first place for most people. The financial illiteracy in this country is absolutely shocking and explains why we have half the problems we do." 💯% what he said ⬆️ | |||
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"This is really scaremongering. As others have pointed out to get 5k interest you need capital of around 125k. I don't believe the average pensioner has this amount just in a current or ordinary savings account. If they have they need to get an accountant and do some tax and inheritance planning quickly.." Lottery???? | |||
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"It's bad enough Inheritance Tax . My point was you pay enough tax all your life . These days everyone wants your money. I'm glad I won 50 grand on game show 😂 it's hidden under a 🪨" Thick as!! Yes, all your life so as a pensioner you’re still alive and you will pay income tax advise the threshold, you won’t pay IHT on your savings though so don’t worry about that 🤣 | |||
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"Savings do not get taxed. The interest gets taxed. First £1000 of interest is tax free and interest earned in ISAs is also tax free. On about taxing pensioners if the have £5000 in savings, no mention of interest , HMRC are sending letters out to pensioners who have over £5000 in savings." Sounds like you are looking for a fight in the forum. Don't believe a word of it. Hmrc only know interest if reported correctly by a bank. They don't know capital value. So no it's rubbish. Sure u not getting scammed? | |||
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"I don’t usually comment on these types of posts as they just make me angry , which isn’t why I come onto fab, but this really is the hight of stupidity The article clearly says that tax applies to interest earned over £5k per year. To earn £5k per year in interest at a 4% interest rate you’d need a principal capital amount of £125k in savings. Let’s say you got a better interest rate of 4.25% you’d earn £5,625 in interest so you’d be liable to pay income tax on the last £625 which would be about £130 for most people, so you’d be up by £5,495 by the end of the year and you’d now have £130.5k in your savings account. This would not apply to ISAs which are tax free and would probably be a better option for keeping a large amount of capital in the first place for most people. The financial illiteracy in this country is absolutely shocking and explains why we have half the problems we do." They where on about ISA couple months ago . I've got a isa few years back now for same reason because it wasn't taxable so let's hope they don't touch that . | |||
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"What do you think about taxing pensioners’ savings? If you have over £5,000, you could be taxed — even though that money has already been taxed once. It’s bad enough as it is. Even if you’re just saving for your own funeral, it makes no difference. 😡 Once again, the government is having pensioners over. People who have worked all their lives are no better off, while scroungers and people coming into the country illegally seem to get whatever they want...." It is not about taxing pensioners savings, it is about taxing interest earned on saving if the interest exceeds the tax free allowance of £1000 for basic rate or £500 for higher rate tax payers. This applies to EVERYONE, not just Pensioners. Note Interest earned on savings in an ISA is totally free, so always save as much as you can up to your limit in an ISA. | |||
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"It's bad enough Inheritance Tax . My point was you pay enough tax all your life . These days everyone wants your money. I'm glad I won 50 grand on game show 😂 it's hidden under a 🪨" You also live all your life and use public services all your life And if you hid your £50k under a rock it will be devaluing at the rate of inflation so after a year it would be worth £48.3k in today’s money. | |||
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"It's bad enough Inheritance Tax . My point was you pay enough tax all your life . These days everyone wants your money. I'm glad I won 50 grand on game show 😂 it's hidden under a 🪨 Thick as!! Yes, all your life so as a pensioner you’re still alive and you will pay income tax advise the threshold, you won’t pay IHT on your savings though so don’t worry about that 🤣" On about leaving it to family. As property is mine . | |||
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"I don’t usually comment on these types of posts as they just make me angry , which isn’t why I come onto fab, but this really is the hight of stupidity The article clearly says that tax applies to interest earned over £5k per year. To earn £5k per year in interest at a 4% interest rate you’d need a principal capital amount of £125k in savings. Let’s say you got a better interest rate of 4.25% you’d earn £5,625 in interest so you’d be liable to pay income tax on the last £625 which would be about £130 for most people, so you’d be up by £5,495 by the end of the year and you’d now have £130.5k in your savings account. This would not apply to ISAs which are tax free and would probably be a better option for keeping a large amount of capital in the first place for most people. The financial illiteracy in this country is absolutely shocking and explains why we have half the problems we do. They where on about ISA couple months ago . I've got a isa few years back now for same reason because it wasn't taxable so let's hope they don't touch that . " This is also not true The proposal with ISAs was to reduce the amount you can pay in tax free every year for Cash ISAs to encourage more people to put their full allowance into UK Stocks & Shares ISAs which are invested into UK companies to help grow the economy and create jobs. There has never been any suggestion of changing the tax status of ISAs as far as I’m aware. | |||
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"It's bad enough Inheritance Tax . My point was you pay enough tax all your life . These days everyone wants your money. I'm glad I won 50 grand on game show 😂 it's hidden under a 🪨 You also live all your life and use public services all your life And if you hid your £50k under a rock it will be devaluing at the rate of inflation so after a year it would be worth £48.3k in today’s money. " Wouldn't be that daft I'm buying a fishing boat . | |||
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"It's bad enough Inheritance Tax . My point was you pay enough tax all your life . These days everyone wants your money. I'm glad I won 50 grand on game show 😂 it's hidden under a 🪨" Inheritance tax is only paid on the value of an estate over £325k for a single (unmarried) person. For a married (including civil partnerships) couple, if the first person dies leaves the whole of their part of the estate to their spouse, their £325k allowance transfers to their spouse giving them a tax exempt £650k allowance. You then pay IHT on any amount above the tax free amount at 40% | |||
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"I don’t usually comment on these types of posts as they just make me angry , which isn’t why I come onto fab, but this really is the hight of stupidity The article clearly says that tax applies to interest earned over £5k per year. To earn £5k per year in interest at a 4% interest rate you’d need a principal capital amount of £125k in savings. Let’s say you got a better interest rate of 4.25% you’d earn £5,625 in interest so you’d be liable to pay income tax on the last £625 which would be about £130 for most people, so you’d be up by £5,495 by the end of the year and you’d now have £130.5k in your savings account. This would not apply to ISAs which are tax free and would probably be a better option for keeping a large amount of capital in the first place for most people. The financial illiteracy in this country is absolutely shocking and explains why we have half the problems we do. They where on about ISA couple months ago . I've got a isa few years back now for same reason because it wasn't taxable so let's hope they don't touch that . This is also not true The proposal with ISAs was to reduce the amount you can pay in tax free every year for Cash ISAs to encourage more people to put their full allowance into UK Stocks & Shares ISAs which are invested into UK companies to help grow the economy and create jobs. There has never been any suggestion of changing the tax status of ISAs as far as I’m aware. " They changed there mind so didn't go ahead or I would off took my money out of ISA . It's there incase anything happens to me so partner would get it . | |||
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"I don’t usually comment on these types of posts as they just make me angry , which isn’t why I come onto fab, but this really is the hight of stupidity The article clearly says that tax applies to interest earned over £5k per year. To earn £5k per year in interest at a 4% interest rate you’d need a principal capital amount of £125k in savings. Let’s say you got a better interest rate of 4.25% you’d earn £5,625 in interest so you’d be liable to pay income tax on the last £625 which would be about £130 for most people, so you’d be up by £5,495 by the end of the year and you’d now have £130.5k in your savings account. This would not apply to ISAs which are tax free and would probably be a better option for keeping a large amount of capital in the first place for most people. The financial illiteracy in this country is absolutely shocking and explains why we have half the problems we do. They where on about ISA couple months ago . I've got a isa few years back now for same reason because it wasn't taxable so let's hope they don't touch that . This is also not true The proposal with ISAs was to reduce the amount you can pay in tax free every year for Cash ISAs to encourage more people to put their full allowance into UK Stocks & Shares ISAs which are invested into UK companies to help grow the economy and create jobs. There has never been any suggestion of changing the tax status of ISAs as far as I’m aware. " The money you pay into an ISA has already been taxed. The rules for the 2026/27 tax year are changing as follows: you can still pay in £20k per year total - BUT: If you are under 65 you can only pay £12k into a cash ISA, the other £8k has to be in a stocks and shares ISA. If you are over 65 you can use the whole £20k in a cash ISA if you want, or split it any way you like up to the £20k max. | |||
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"Get a well paid job so you earn enough not to care about taxes. " My mate is a millionaire cares about tax more than me so don’t think you’re right. | |||
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"It's bad enough Inheritance Tax . My point was you pay enough tax all your life . These days everyone wants your money. I'm glad I won 50 grand on game show 😂 it's hidden under a 🪨 You also live all your life and use public services all your life And if you hid your £50k under a rock it will be devaluing at the rate of inflation so after a year it would be worth £48.3k in today’s money. Wouldn't be that daft I'm buying a fishing boat . " Seems like you don’t need a boat to do your fishing - you’re dangling enough bait on here! Anyway you’re boring me now, read up a bit and come back when you understand a bit more about tax. | |||
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"Just use the online gov UK tax calculator, basically you can earn £12570 per year from any means + £1000 interest from Savings = £13570 before you pay any tax, therefore if you earned £13570 in interest from savings it would all be tax free, and on top of this you can earn £5O0 in divideds tax free and £3000 in capital gains tax free and you can also be gifted a certain amount tax free so in all you can have an income of around £18000 per year before paying tax. " Easy solved retired that's what I said I've paid enough tax all my working life , that's was my point. | |||
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"The bottom line is the op is confusing savings & interest he’s 70 brain got high mileage. " Your just not getting my point why should you pay more tax when I've paid tax all my working life . If I've got more money saved up why should I pay tax on it again I know all about £5000 interest .???? That money what is saved was already taxed when earned ..be it £500.thousand or more . | |||
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"Your not paying tax on the money you've already paid tax on, your paying tax on the money that the money you've already paid tax on is making." Still all wrong put this government is trying to recover money it's spent on immigrants even ripped old women of waspie wife was one of them underpaid pensioners it said can't compensate them because to many of them . Worst government in history anyway Ive had me moan . Back to immersion heater repair hopefully got it done . Hot water been off last 3 days I thought was element but just faulty wiring. | |||
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"Just use the online gov UK tax calculator, basically you can earn £12570 per year from any means + £1000 interest from Savings = £13570 before you pay any tax, therefore if you earned £13570 in interest from savings it would all be tax free, and on top of this you can earn £5O0 in divideds tax free and £3000 in capital gains tax free and you can also be gifted a certain amount tax free so in all you can have an income of around £18000 per year before paying tax. " And to point out, the previous government CUT the tax free dividend (used to be £1000) and the CGT allowance which used to be £6k. | |||
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"The bottom line is the op is confusing savings & interest he’s 70 brain got high mileage. Your just not getting my point why should you pay more tax when I've paid tax all my working life . If I've got more money saved up why should I pay tax on it again I know all about £5000 interest .???? That money what is saved was already taxed when earned ..be it £500.thousand or more . " You clearly don’t understand what you are talking about, if you did then you would have put your savings in a Cash ISA then you wouldn’t be paying any tax on the interest you earned. | |||
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"Did you fix it yourself or did you get someone in to do because if you got someone in you will have paid VAT on their services, 😆" | |||
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"The bottom line is the op is confusing savings & interest he’s 70 brain got high mileage. Your just not getting my point why should you pay more tax when I've paid tax all my working life . If I've got more money saved up why should I pay tax on it again I know all about £5000 interest .???? That money what is saved was already taxed when earned ..be it £500.thousand or more . " But you haven’t paid tax on the interest you earn, and won’t until you earn it. For example if your interest is paid to you annually on 31st March each year, you will be getting interest in about 2 months time. You haven’t got it yet, you haven’t had it before, you will be getting it at the end of March. It will be new money to you. Now assuming you have used up all of your allowances already, then you will have to pay the tax on this new money. Not on the old money you already had (i.e. the savings) just the new bit (i.e the interest) only. | |||
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"Granny robbing labour not only taxing granny to the hilt they want to rob all the children of their inheritance too.. " There isn’t a single political party out there that will cut taxes for normal people, whatever their age. We are up to our necks, at least, in debt. The interest on this debt has to be paid, as well as our day to day expenses, which are continually increasing. If you think that your pet party, whichever it might be, are going to decrease anyone’s tax, apart from their own, you are delusional. Whatever your choice of party promises, you will be paying more. | |||
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"The bottom line is the op is confusing savings & interest he’s 70 brain got high mileage. Your just not getting my point why should you pay more tax when I've paid tax all my working life . If I've got more money saved up why should I pay tax on it again I know all about £5000 interest .???? That money what is saved was already taxed when earned ..be it £500.thousand or more . But you haven’t paid tax on the interest you earn, and won’t until you earn it. For example if your interest is paid to you annually on 31st March each year, you will be getting interest in about 2 months time. You haven’t got it yet, you haven’t had it before, you will be getting it at the end of March. It will be new money to you. Now assuming you have used up all of your allowances already, then you will have to pay the tax on this new money. Not on the old money you already had (i.e. the savings) just the new bit (i.e the interest) only." I still think it's wrong when you have worked all your life . I'm lucky I bought my own property years ago. Pensioners should not pay tax what ever it's on new or old money. There's no incentive to get a private pension because you get stuffed . Now on about giving immigrants new houses I've worked to get my property they get everything for nothing. It's you people who is working when bares the brunt just wait till next budget labour will stuff everyone. | |||
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"Did you fix it yourself or did you get someone in to do because if you got someone in you will have paid VAT on their services, 😆 "Exe engineer do everything myself it's only immersion heater 😂 | |||
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"The bottom line is the op is confusing savings & interest he’s 70 brain got high mileage. Your just not getting my point why should you pay more tax when I've paid tax all my working life . If I've got more money saved up why should I pay tax on it again I know all about £5000 interest .???? That money what is saved was already taxed when earned ..be it £500.thousand or more . You clearly don’t understand what you are talking about, if you did then you would have put your savings in a Cash ISA then you wouldn’t be paying any tax on the interest you earned." I've got a isa account aswell which I said . ???? | |||
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"Errrr fat finger syndrome again... not 'thong' but 'thing'" 😂😂😂 Better than blaming predicted text 😂 | |||
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"Savings do not get taxed. The interest gets taxed. First £1000 of interest is tax free and interest earned in ISAs is also tax free. " Any government can change that anytime they want... you can bet ya life theeves is looking at it! Can she steal the money and keep the pensioner vote... that's her dilemma? Any youngster thinking of saving for a pension must be crazy... these bastards will just tax it and steal it! | |||
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"Long live cash! What they can't see they can't tax ☺️😜" That won't last much longer for the reason you stated... the banks just have to close down the ATM"s and its gone! | |||
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"I don’t usually comment on these types of posts as they just make me angry , which isn’t why I come onto fab, but this really is the hight of stupidity The article clearly says that tax applies to interest earned over £5k per year. To earn £5k per year in interest at a 4% interest rate you’d need a principal capital amount of £125k in savings. Let’s say you got a better interest rate of 4.25% you’d earn £5,625 in interest so you’d be liable to pay income tax on the last £625 which would be about £130 for most people, so you’d be up by £5,495 by the end of the year and you’d now have £130.5k in your savings account. This would not apply to ISAs which are tax free and would probably be a better option for keeping a large amount of capital in the first place for most people. The financial illiteracy in this country is absolutely shocking and explains why we have half the problems we do." ...and the banks make sure they take full advantage of it! You can't even pop into you're local bank anymore to chat about savings and get advice... they just about shut them all down, d'oh! | |||
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"Get a well paid job so you earn enough not to care about taxes. " Wait until you retire.... I am taxed 42% on my pension because I live in Scotland!!! If I lived in England my pension would be taxed at 20% Think yourselves lucky if you live south of the border | |||
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"I feel the point proven here is… of how urgently our educational system needs to be adding basic money management skills to the curriculum asap! "Absolutely this. I did commerce as a separate subject which covered a lot of this but everyone should have a grasp of the basics and how to manage their finances, planning etc. | |||
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"Get a well paid job so you earn enough not to care about taxes. Wait until you retire.... I am taxed 42% on my pension because I live in Scotland!!! If I lived in England my pension would be taxed at 20% Think yourselves lucky if you live south of the border " Thats a hell of a pension you have there given you’re paying 20% up to the first 43k | |||
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"It's bad enough Inheritance Tax . My point was you pay enough tax all your life . These days everyone wants your money. I'm glad I won 50 grand on game show 😂 it's hidden under a 🪨 Inheritance tax is only paid on the value of an estate over £325k for a single (unmarried) person. For a married (including civil partnerships) couple, if the first person dies leaves the whole of their part of the estate to their spouse, their £325k allowance transfers to their spouse giving them a tax exempt £650k allowance. You then pay IHT on any amount above the tax free amount at 40%" Can I add that if the deceased's primary residence is left to a direct relative, son, daughter ,grandchild etc then a further 175K can be claimed as relief. Just been through it with late mother. Hard to do but with help got there. | |||
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"It's bad enough Inheritance Tax . My point was you pay enough tax all your life . These days everyone wants your money. I'm glad I won 50 grand on game show 😂 it's hidden under a 🪨" Ffs we all pay tax and get free health care and plenty of other things back. Of you don't want to pay any then go live on a desert island. | |||
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"The big problem with this Labour Government is that there isn't a man jack amongst them that has ever run a business so they have absolutely no idea as to what is involved in the finances of it and they think because you have a business or savings it is a bottomles money pit, that is why they keep just giving the money away. As Maggie Thatcher, said "socialism is fine until you run out of other peoples money". Sadly I doubt any of the lot in power now, nor the herd standing on the sidelines egging them on will ever get an inkling of the problem until we are all skint and there's no money left to give away." Old Maggie did fine until she ran out of public assests to sell off. So she was actually selling our assets. | |||
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"Savings do not get taxed. The interest gets taxed. First £1000 of interest is tax free and interest earned in ISAs is also tax free. On about taxing pensioners if the have £5000 in savings, no mention of interest , HMRC are sending letters out to pensioners who have over £5000 in savings. Its behind a pay wall Read this https://www.manchestereveningnews.co.uk/news/cost-of-living/hmrc-issues-5000-savings-warning-33122726 Hopefully it will help you understand " | |||
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"Seems the ones who make the most noise about taxes etc know the least about how they work " Because the whole tax and inheritance system in this country is a quagmire mire of complex rules deliberately contrived to stop the average joe from getting to grips with it! It's a money making scam for the HMRC, tax lawyers, banks and financial advisors! There are billions lost in unclaimed accounts (the banks love it and won't help) where ordinarily people have lost control of savings, property and inheritance! A bank robber or mugger is more honest... they stick a weapon under nose and demand ya money, these slick money men and tax men do it by slight of hand with a smile while they rob you blind!  | |||
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"The big problem with this Labour Government is that there isn't a man jack amongst them that has ever run a business so they have absolutely no idea as to what is involved in the finances of it and they think because you have a business or savings it is a bottomles money pit, that is why they keep just giving the money away. As Maggie Thatcher, said "socialism is fine until you run out of other peoples money". Sadly I doubt any of the lot in power now, nor the herd standing on the sidelines egging them on will ever get an inkling of the problem until we are all skint and there's no money left to give away. Old Maggie did fine until she ran out of public assests to sell off. So she was actually selling our assets." That's what the Tories and Blairites did... asset stripped the UK while all their mates got rich with the proceeds and then disappeared over the hill... leaving the country broke with no assets! Self serving gits the lot of them! | |||
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"I have paid £60k in tax so far this year; can't use many of the services I pay for. Taxing working people more won't work. You're one of the one's with broadest shoulders and expected to contribute more" Typical Liebour doctrine. You work hard for a better life and get punished for it by the socialists who excessively tax you so they can give it to the lazy workshy parasites who will then vote for them to keep them in power to protect their benefits. If this government is so keen to taxing pensioners savings they should also Tax people who receive more than £12,570 In benefits | |||
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"Another day, another Daily Mail reader with Starmer Derangement Syndrome." ...glib words, but the fact is... the UK is still flat busted broke and asset stripped!  | |||
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"It is truly obscene, all loaded towards the rich getting richer whilst they allow gimegrunts to prosper at the cost of the real british people" The freeloaders will keep coming under Labour and Starmer wants that as all immigrants and losers on benefits vote Labour. | |||
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"Rach from accounts keeps fucking up and losing the country billions and shes doing what she always does and picks on the pensioners who cant fight back. Heres an idea why dont you deport the illegals and save money that way instead of picking on British pensioners who have actually done something for the country." She's actually doing a fantastic job, growing the economy, stock markets are thriving and the country is in a better position now than it ever was since David Cameron resigned, it was his resignation that put the nail in the coffin for the tories. Next step is to rejoin Europe. | |||
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"Rach from accounts keeps fucking up and losing the country billions and shes doing what she always does and picks on the pensioners who cant fight back. Heres an idea why dont you deport the illegals and save money that way instead of picking on British pensioners who have actually done something for the country." Because Rach has her abbacas... but can't find her moral compass! | |||
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"Rach from accounts keeps fucking up and losing the country billions and shes doing what she always does and picks on the pensioners who cant fight back. Heres an idea why dont you deport the illegals and save money that way instead of picking on British pensioners who have actually done something for the country. Because Rach has her abbacas... but can't find her moral compass! "Shes bloody useless, everytime she opens her mouth the value of the pound drops. | |||
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"Rach from accounts keeps fucking up and losing the country billions and shes doing what she always does and picks on the pensioners who cant fight back. Heres an idea why dont you deport the illegals and save money that way instead of picking on British pensioners who have actually done something for the country. She's actually doing a fantastic job, growing the economy, stock markets are thriving and the country is in a better position now than it ever was since David Cameron resigned, it was his resignation that put the nail in the coffin for the tories. Next step is to rejoin Europe. " What’s the colour of the sky in your world!! | |||
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"Rach from accounts keeps fucking up and losing the country billions and shes doing what she always does and picks on the pensioners who cant fight back. Heres an idea why dont you deport the illegals and save money that way instead of picking on British pensioners who have actually done something for the country. She's actually doing a fantastic job, growing the economy, stock markets are thriving and the country is in a better position now than it ever was since David Cameron resigned, it was his resignation that put the nail in the coffin for the tories. Next step is to rejoin Europe. "   | |||
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"Rach from accounts keeps fucking up and losing the country billions and shes doing what she always does and picks on the pensioners who cant fight back. Heres an idea why dont you deport the illegals and save money that way instead of picking on British pensioners who have actually done something for the country. She's actually doing a fantastic job, growing the economy, stock markets are thriving and the country is in a better position now than it ever was since David Cameron resigned, it was his resignation that put the nail in the coffin for the tories. Next step is to rejoin Europe. "Well, it's either the EU or become another USA backwater state; we have conclusively proven we are incapable of governing ourselves! | |||
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"Another day, another Daily Mail reader with Starmer Derangement Syndrome. ...glib words, but the fact is... the UK is still flat busted broke and asset stripped! "And that is the way the Tory’s left the country, and is isn’t something that ANYONE can fix in one parliament (no matter what party is in power). | |||
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"As a tax professional most of you are talking a load of bollocks. Capital savings are not charged to income tax but the interest is. Basic rate taxpayers have the first £1000 of interest taxed at 0% and higher rate taxpayers get the first £500 at 0%. Note it is not tax free but charged at 0%. There is also a savings rate where you can get up to £5,000 of interest tax free. The more you earn from other income such as a job or pension the less your starting rate for savings will be. For example, if you earn £14,000 and have savings interest of, say, £2,000 you will not pay any tax on the interest despite it being more than £1,000. You can get the savings rate if your other income is less than £17,570. Next time, don't read the tabloids and ask a professional. "
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"In my day people fought for there rights . Now to many snow ❄️❄️❄️❄️." We had strong unions to do it. | |||
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"Get a well paid job so you earn enough not to care about taxes. Wait until you retire.... I am taxed 42% on my pension because I live in Scotland!!! If I lived in England my pension would be taxed at 20% Think yourselves lucky if you live south of the border " This sounds like lies you must have a big pension why your pay 42 percent. | |||
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"In my day people fought for there rights . Now to many snow ❄️❄️❄️❄️. We had strong unions to do it. " Unions are too busy fleecing their declining membership these days to be of any use to anyone. | |||
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"I feel the point proven here is… of how urgently our educational system needs to be adding basic money management skills to the curriculum asap! "And the correct use of homophones. | |||
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"Rach from accounts keeps fucking up and losing the country billions and shes doing what she always does and picks on the pensioners who cant fight back. Heres an idea why dont you deport the illegals and save money that way instead of picking on British pensioners who have actually done something for the country. Because Rach has her abbacas... but can't find her moral compass!
Shes bloody useless, everytime she opens her mouth the value of the pound drops."Given the FTSE 100 has recently broken 10k for the first time, it may be people who understand macro economics more than you have a different view. | |||
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"Get a well paid job so you earn enough not to care about taxes. Wait until you retire.... I am taxed 42% on my pension because I live in Scotland!!! If I lived in England my pension would be taxed at 20% Think yourselves lucky if you live south of the border This sounds like lies you must have a big pension why your pay 42 percent. " Scotland has their own tax bands and rates, but again the poster of that statement is trying to mislead people the 42% rate is only on income between £43663 and £75000. The tax bands and rates for Scotland are shown here https://www.bbc.co.uk/news/articles/c3r709rwpy0o This is because Scotland were given tax raising powers under devolution. The bands and rates for comparison with England can be found here https://www.gov.uk/income-tax-rates | |||
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"Hi chaps this subject has made me extremely angry as my mum is 91 and worked multiple jobs bringing up 4 of us..payed all her NI and tax like many others..and labour basicly went for the pensioners/vulnerable.. Each pound they earnt is taxed I think 7 x times... And labour trying to tax it more when they die.. Sorry guys I will stop here as it disgusts me.. I would love to get in a room with those labour rats and teach them some manners and respect " 👌👌👌👌👌👌👌 | |||
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"Long live cash! What they can't see they can't tax ☺️😜 I can't imagine living in a world where all my transactions are carried out in cash. It must be extremely limiting, not to mention expensive. You say that they can't tax you, however your valuable cash is not gaining interest and loses value in real terms." Cash dosnt lose value at all,but if you paid a £50 payment on your card then eventually that £50 would be gone | |||
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"It's bad enough Inheritance Tax . My point was you pay enough tax all your life . These days everyone wants your money. I'm glad I won 50 grand on game show 😂 it's hidden under a 🪨 You also live all your life and use public services all your life And if you hid your £50k under a rock it will be devaluing at the rate of inflation so after a year it would be worth £48.3k in today’s money. " How do you work that out,if you had £50k hidden under a rock last year,and got it out today,you'd still have £50k | |||
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"How do you work that out,if you had £50k hidden under a rock last year,and got it out today,you'd still have £50k" But you wouldn't be able to buy as much with it. It's devalued due to inflation | |||
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"She's actually doing a fantastic job, growing the economy, stock markets are thriving and the country is in a better position now than it ever was since David Cameron resigned" Nurse, he's escaped again | |||
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"She's actually doing a fantastic job, growing the economy, stock markets are thriving and the country is in a better position now than it ever was since David Cameron resigned Nurse, he's escaped again "👇👇👇 | |||
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"What do you think about taxing pensioners’ savings? If you have over £5,000, you could be taxed — even though that money has already been taxed once. It’s bad enough as it is. Even if you’re just saving for your own funeral, it makes no difference. 😡 Once again, the government is having pensioners over. People who have worked all their lives are no better off, while scroungers and people coming into the country illegally seem to get whatever they want...." Before anyone panics, they are NOT going to tax savings. Any changes are to the amount of interest you can earn before the interest is taxed. The original post is either badly worded or is based on the OP totally misunderstanding and spreading misinformation. Calm down. | |||
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"Yeah and if you save pay taxes then you get taxed again £1000 is not a lot of interest for a year so yes u do get screwed" But if you put your savings in a Cash ISA (subject to the annual limit of course) all of the interest you earn on the money in the ISA is exempt from tax. | |||
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"I have been retired 11years,on basic state pension, this December I received a letter from HMRC stating that I must pay £185 tax.!! I thought it was a scam, but its not. I have never paid tax before, but, I do now. So, Labour gives with one hand, then takes it back. Clever. Its because the pension threshold has not been increased, bringing more people into tax. Lovely. " No, not the pension threshold that has not been increased, you mean the personal allowance that hasn’t been increased - the current freeze is still the one inherited from the previous government which runs until April 2026. The labour extension hasn’t started yet. | |||
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"As a tax professional most of you are talking a load of bollocks. Capital savings are not charged to income tax but the interest is. Basic rate taxpayers have the first £1000 of interest taxed at 0% and higher rate taxpayers get the first £500 at 0%. Note it is not tax free but charged at 0%. There is also a savings rate where you can get up to £5,000 of interest tax free. The more you earn from other income such as a job or pension the less your starting rate for savings will be. For example, if you earn £14,000 and have savings interest of, say, £2,000 you will not pay any tax on the interest despite it being more than £1,000. You can get the savings rate if your other income is less than £17,570. Next time, don't read the tabloids and ask a professional. " Beautifully put! | |||
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"Rach from accounts keeps fucking up and losing the country billions and shes doing what she always does and picks on the pensioners who cant fight back. Heres an idea why dont you deport the illegals and save money that way instead of picking on British pensioners who have actually done something for the country. Because Rach has her abbacas... but can't find her moral compass!
Shes bloody useless, everytime she opens her mouth the value of the pound drops.
Given the FTSE 100 has recently broken 10k for the first time, it may be people who understand macro economics more than you have a different view."The FTSE100 is mostly international companies (see top 10 below that dominate the FTSE100), thus receive most of their income from outside the UK. As such, they do not reflect the UK Economy. Rachael was ridiculed for trying to take credit for the FTSE 100 growth herself. The FTSE 100 (and to a lessor degree, the FTSE250) is up for a few reasons… - London Stocks have been unsexy for the past decade, meaning they're undervalued compared to the US. Thus, a great deal of oversea buyers are choosing now to buy. - The weakening Dollar, whilst making the shares a bit pricier, makes the dividends more attractive in dollar terms, especially as the dollar is forecast to weaken further. - The FTSE100 stocks pay stronger dividends (in % terms) than typical US stocks, though this has narrowed lately with the quick rise in the FTSE100. - Others are buying FTSE100 stocks to off-risk the AI bubble (and more widely the US Stocks) they're invested in too… i.e. diversifying their holdings to avoid too many eggs in too few baskets, esp with uncertainty in the US on Trump’s policies medium-long term impacts. - Interest rates are falling, meaning people are seeking better returns from elsewhere, typically now in shares. Top 10 FTSE companies AstraZeneca £210bn HSBC Holdings £208bn Shell £152bn Rolls-Royce Holdings £103bn Unilever £105bn British American Tobacco £92bn Rio Tinto £79bn GSK £72bn BP £68bn Barclays £66bn | |||
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"Get a well paid job so you earn enough not to care about taxes. Wait until you retire.... I am taxed 42% on my pension because I live in Scotland!!! If I lived in England my pension would be taxed at 20% Think yourselves lucky if you live south of the border This sounds like lies you must have a big pension why your pay 42 percent. " Why lies?… it is not inconceivable that some people have pensions (private / state) in excess of £43k. Though, only the bit above £43k is taxes at 42%, not all of it. | |||
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"She's actually doing a fantastic job, growing the economy, stock markets are thriving and the country is in a better position now than it ever was since David Cameron resigned Nurse, he's escaped again "Check the figures. | |||
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"It's bad enough Inheritance Tax . My point was you pay enough tax all your life . These days everyone wants your money. I'm glad I won 50 grand on game show 😂 it's hidden under a 🪨 You also live all your life and use public services all your life And if you hid your £50k under a rock it will be devaluing at the rate of inflation so after a year it would be worth £48.3k in today’s money. How do you work that out,if you had £50k hidden under a rock last year,and got it out today,you'd still have £50k" Of course you would not! It would not be worth as much!  | |||
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"The trouble is that this government, Take from the hard working to give to the pretend sick lame and lazy. The ones these woke morons claim to help life children out of poverty. All going to the parents for the latest apple phone and dodgey firestick while the parents drink in Wetherspoons and children run riot on their healthier sausage and chip recipe. Crazy Kier cant be trusted to run a bath let alone a country" More dribble brought to you by GBNews/Daily Express’s number one fan. | |||
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"It's bad enough Inheritance Tax . My point was you pay enough tax all your life . These days everyone wants your money. I'm glad I won 50 grand on game show 😂 it's hidden under a 🪨 You also live all your life and use public services all your life And if you hid your £50k under a rock it will be devaluing at the rate of inflation so after a year it would be worth £48.3k in today’s money. How do you work that out,if you had £50k hidden under a rock last year,and got it out today,you'd still have £50k Of course you would not! It would not be worth as much! "What you mean that there is someone going round crossing out the value on bank notes and writing lower values on them every so often!!!! 🤣🤣🤣 A £10 note is still worth £10 in 13 months time its value has not changed, you are conflating price inflation with currency devaluation. Things may COST more in 13 months time, but your £10 note will still buy £10’s worth of goods. | |||
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"The trouble is that this government, Take from the hard working to give to the pretend sick lame and lazy. The ones these woke morons claim to help life children out of poverty. All going to the parents for the latest apple phone and dodgey firestick while the parents drink in Wetherspoons and children run riot on their healthier sausage and chip recipe. Crazy Kier cant be trusted to run a bath let alone a country" What a caring soul. | |||
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"The trouble is that this government, Take from the hard working to give to the pretend sick lame and lazy. The ones these woke morons claim to help life children out of poverty. All going to the parents for the latest apple phone and dodgey firestick while the parents drink in Wetherspoons and children run riot on their healthier sausage and chip recipe. Crazy Kier cant be trusted to run a bath let alone a country" Yes, I'd rather see my taxes going on an ICE type unit in the UK to round up the illegals and get rid. They're doing a fantastic job in the USofA and managing to put lefties in their place and let them know whose boss in the process. 👍 | |||
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"The trouble is that this government, Take from the hard working to give to the pretend sick lame and lazy. The ones these woke morons claim to help life children out of poverty. All going to the parents for the latest apple phone and dodgey firestick while the parents drink in Wetherspoons and children run riot on their healthier sausage and chip recipe. Crazy Kier cant be trusted to run a bath let alone a country Yes, I'd rather see my taxes going on an ICE type unit in the UK to round up the illegals and get rid. They're doing a fantastic job in the USofA and managing to put lefties in their place and let them know whose boss in the process. 👍 " Not so long ago when you were claiming to be a Corbyn supporter, would that not have made you one of the 'lefties' you now decry? Or was it just a big fat fib, you daft racist? | |||
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"What do you think about taxing pensioners’ savings? If you have over £5,000, you could be taxed — even though that money has already been taxed once. It’s bad enough as it is. Even if you’re just saving for your own funeral, it makes no difference. 😡 Once again, the government is having pensioners over. People who have worked all their lives are no better off, while scroungers and people coming into the country illegally seem to get whatever they want...." Yawn | |||
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"Get your money out of the UK. Try gold. Look at a company called "tally Money" (in Swizz vaults)No guarantee gold will continue to rise . Also it doesnt earn interest. just worth more in long run . Possible capital gains? but not sure if it applies to gold ?" Cgt is paid on gold bars but not on gold coins | |||
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"As a tax professional most of you are talking a load of bollocks. Capital savings are not charged to income tax but the interest is. Basic rate taxpayers have the first £1000 of interest taxed at 0% and higher rate taxpayers get the first £500 at 0%. Note it is not tax free but charged at 0%. There is also a savings rate where you can get up to £5,000 of interest tax free. The more you earn from other income such as a job or pension the less your starting rate for savings will be. For example, if you earn £14,000 and have savings interest of, say, £2,000 you will not pay any tax on the interest despite it being more than £1,000. You can get the savings rate if your other income is less than £17,570. Next time, don't read the tabloids and ask a professional. Beautifully put! " Spot on. Instead of taking what MSM publishes as gospel. Check gov website regarding PSA and starting rate for savings. It even gives examples so it's even easier for some to understand | |||
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"It's bad enough Inheritance Tax . My point was you pay enough tax all your life . These days everyone wants your money. I'm glad I won 50 grand on game show 😂 it's hidden under a 🪨 You also live all your life and use public services all your life And if you hid your £50k under a rock it will be devaluing at the rate of inflation so after a year it would be worth £48.3k in today’s money. How do you work that out,if you had £50k hidden under a rock last year,and got it out today,you'd still have £50k Of course you would not! It would not be worth as much!
What you mean that there is someone going round crossing out the value on bank notes and writing lower values on them every so often!!!! 🤣🤣🤣
A £10 note is still worth £10 in 13 months time its value has not changed, you are conflating price inflation with currency devaluation. Things may COST more in 13 months time, but your £10 note will still buy £10’s worth of goods."'I promise to pay the bearer of this note...' Bank notes are just that, a promise to pay a specified value printed on the face! The trouble is the UK is broke but the people who print the notes (the treasury) still want to spend money... i.e. pensions, civil service salaries, benefits, tanks and MP's perks! So, what they do is print money to pay for it all, but they don't have the actual wealth to cover the value of the notes they are printing. They call this 'quantative easing' a fancy name for printing money... when you do that the face value of the new printed note and all the exsisting ones are DEVALUED, got it!   If you or me did it... it would be called fraud, but governments can print as much money as they like... but there is a cost! It devalues the face value of the currency. Ignore the value printed on the note... it's meaningless, what is important is what it will actually buy! Last year you may have been able to buy ten apples with it, this year only nine apples... next year only eight apples; get it! | |||
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"Get your money out of the UK. Try gold. Look at a company called "tally Money" (in Swizz vaults)No guarantee gold will continue to rise . Also it doesnt earn interest. just worth more in long run . Possible capital gains? but not sure if it applies to gold ?" Gold has just dropped back. Hard. Because the fat orange fraudster actually appointed someone sane to the Fed. The FOF must be slipping. | |||
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"Get your money out of the UK. Try gold. Look at a company called "tally Money" (in Swizz vaults)No guarantee gold will continue to rise . Also it doesnt earn interest. just worth more in long run . Possible capital gains? but not sure if it applies to gold ? Gold has just dropped back. Hard. Because the fat orange fraudster actually appointed someone sane to the Fed. The FOF must be slipping." It's still much higher than it was this time last year, and even this time last month. It's the one honest currency, and has served us for millenia. It is uncorruptible. That's why governments and central banks hate it. A setback was inevitable. It will recover. Hold gold ... but keep it in your possession. | |||
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"Its because the pension threshold has not been increased, bringing more people into tax. Lovely. " Have you been using the same quote for the past 5 years? xx | |||
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"Get your money out of the UK. Try gold. Look at a company called "tally Money" (in Swizz vaults)No guarantee gold will continue to rise . Also it doesnt earn interest. just worth more in long run . Possible capital gains? but not sure if it applies to gold ?Cgt is paid on gold bars but not on gold coins" Not quite correct, CGT isn’t payable on BRITISH gold coins (Gold Britannias, Sovereigns, and other Royal Mint coins struck as legal currency) as they are legal tender in the UK. Foreign gold coins are liable to CGT. Note that this also applies to Silver Coins as well, it they are BRITISH legal tender Silver Coins they are exempt from CGT, Foreign Sliver Coins are not. | |||
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"What do you think about taxing pensioners’ savings? If you have over £5,000, you could be taxed — even though that money has already been taxed once. It’s bad enough as it is. Even if you’re just saving for your own funeral, it makes no difference. 😡 Once again, the government is having pensioners over. People who have worked all their lives are no better off, while scroungers and people coming into the country illegally seem to get whatever they want...." Illegal immigrants don't get benefits, stupid. | |||
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"It's bad enough Inheritance Tax . My point was you pay enough tax all your life . These days everyone wants your money. I'm glad I won 50 grand on game show 😂 it's hidden under a 🪨 You also live all your life and use public services all your life And if you hid your £50k under a rock it will be devaluing at the rate of inflation so after a year it would be worth £48.3k in today’s money. How do you work that out,if you had £50k hidden under a rock last year,and got it out today,you'd still have £50k Of course you would not! It would not be worth as much!
What you mean that there is someone going round crossing out the value on bank notes and writing lower values on them every so often!!!! 🤣🤣🤣
A £10 note is still worth £10 in 13 months time its value has not changed, you are conflating price inflation with currency devaluation. Things may COST more in 13 months time, but your £10 note will still buy £10’s worth of goods."It’s unbelievable that grown men don’t understand the concept of inflation It’s like the bloke who says petrol prices increasing don’t affect him because he only ever puts £10 in. If you aren’t earning interest on savings at least the same rate as inflation then the real terms spending power of your cash is getting less and less every year. | |||
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"Do you have a source for this story as I’m calling it as bull💩? He has just put it up... But that relates to tax on interest received from savings AKA ‘income’ so it’s not a tax on savings. " Its a tax on the interest on savings so it obviously is a tax on savings. The savings account provider eg your bank inform HMRC of any interest made over the £1000 but usually theres a delay until they work it out at end tax year. Hmrc then may send you a bill or adjust your tax code to recover underpayment. As far as Im aware its not new. Ive had both a bill and a coding adjustment this tax year already.i had the audacity to put the money from the sale of my house in savings accounts rather than in a shoebox under my bed. Of course my bank made money lending it to other people and kindly gave me a fraction back as a thank you..lol.. | |||
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"Do you have a source for this story as I’m calling it as bull💩? He has just put it up... But that relates to tax on interest received from savings AKA ‘income’ so it’s not a tax on savings. Yes but alot of pensioners save for there funeral, how much has these politicians got stashed away £5000 is popcorn 🍿 where funeral are concerned. Better start stuffing the mattress least attendance allowance ain't taxable
FFS - it's not if you have £5000 in savings, it's if you earn more than £5000 interest on your savings"Oh it used to be £1000 you could earn in interest before it was taxed.. if that threshold is now going up to £5000. Then its an improvement...but i think Ill ask my financial adviser to comfirm it rather than a Fab forum thread..lol | |||
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"Let's be clear, the State Pension has always been taxable, so if it - and other income - took total taxable income above the tax-free Personal Allowance, tax was paid on the excess. What's about to change, unless there's a last minute reprieve, is State Pension alone will exceed the (frozen) Personal Allowance for the first time, meaning even if that's your only source of income, a small amount of tax will be due. The level of NEW State Pension payable from April 2026 will be 241.30 weekly, equal to £12,547.60 annually. The Personal Allowance for 2026/27 remains at £12570 meaning unless someone is receiving MORE than the basic pension and/or has other sources of taxable income (however small), no tax will be due on State Pension in 2026/27. Whether there'll be an intervention to stop this changing for millions of pensioners from April 2027, remains to be seen. If anyone on State Pension only is getting letters from HMRC demanding money for 2025/26 or 2026/27, first of all make sure it is a bona fide HMRC communication. Then check their calculations - it's conceivable there's an error somewhere in their figures." Is the correct answer. | |||
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"Do you have a source for this story as I’m calling it as bull💩? He has just put it up... But that relates to tax on interest received from savings AKA ‘income’ so it’s not a tax on savings. Yes but alot of pensioners save for there funeral, how much has these politicians got stashed away £5000 is popcorn 🍿 where funeral are concerned. Better start stuffing the mattress least attendance allowance ain't taxable
FFS - it's not if you have £5000 in savings, it's if you earn more than £5000 interest on your savings
Oh it used to be £1000 you could earn in interest before it was taxed.. if that threshold is now going up to £5000. Then its an improvement...but i think Ill ask my financial adviser to comfirm it rather than a Fab forum thread..lol"https://www.gov.uk/apply-tax-free-interest-on-savings | |||
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"Long live cash! What they can't see they can't tax ☺️😜" This. The more we use cash the less they can take of us and fuck us over. | |||
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"Long live cash! What they can't see they can't tax ☺️😜 This. The more we use cash the less they can take of us and fuck us over." Cash is dolled out by the banks... mainly via ATM's. When the banks think they can get away with it... They simply remove the ATM's. This will force more retailers and companies to accept digital payments only ans so end the use of cash! The government is complicit in this as they will have total control over everyones spending and tax control! 90% of the public don't understand it or care about it... so it's fate-accompli. In other words... we're stuffed! | |||
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"As a tax professional most of you are talking a load of bollocks. Capital savings are not charged to income tax but the interest is. Basic rate taxpayers have the first £1000 of interest taxed at 0% and higher rate taxpayers get the first £500 at 0%. Note it is not tax free but charged at 0%. There is also a savings rate where you can get up to £5,000 of interest tax free. The more you earn from other income such as a job or pension the less your starting rate for savings will be. For example, if you earn £14,000 and have savings interest of, say, £2,000 you will not pay any tax on the interest despite it being more than £1,000. You can get the savings rate if your other income is less than £17,570. Next time, don't read the tabloids and ask a professional. Beautifully put! Spot on. Instead of taking what MSM publishes as gospel. Check gov website regarding PSA and starting rate for savings. It even gives examples so it's even easier for some to understand" Read all of the above…..end of…..nothing more needs said. Done! | |||
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"What do you think about taxing pensioners’ savings? If you have over £5,000, you could be taxed — even though that money has already been taxed once. It’s bad enough as it is. Even if you’re just saving for your own funeral, it makes no difference. 😡 Once again, the government is having pensioners over. People who have worked all their lives are no better off, while scroungers and people coming into the country illegally seem to get whatever they want.... Illegal immigrants don't get benefits, stupid." Well they get the benefit of free accommodation. Three meals a day and spending money. If thats not a benefit then what is? They should tax them to the hilt | |||
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"What do you think about taxing pensioners’ savings? If you have over £5,000, you could be taxed — even though that money has already been taxed once. It’s bad enough as it is. Even if you’re just saving for your own funeral, it makes no difference. 😡 Once again, the government is having pensioners over. People who have worked all their lives are no better off, while scroungers and people coming into the country illegally seem to get whatever they want.... Illegal immigrants don't get benefits, stupid." Did I say they did idiot.i said scroungers and druggies who has never done a days work in there life .but these immigrants are getting a lot free. Taxi phone phone cost housing trainers on and bikes . | |||
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"Do you have a source for this story as I’m calling it as bull💩? He has just put it up... But that relates to tax on interest received from savings AKA ‘income’ so it’s not a tax on savings. Yes but alot of pensioners save for there funeral, how much has these politicians got stashed away £5000 is popcorn 🍿 where funeral are concerned. Better start stuffing the mattress least attendance allowance ain't taxable
FFS - it's not if you have £5000 in savings, it's if you earn more than £5000 interest on your savings"Any pensioner who's earning £5000+ interest on savings isn't exactly on the breadline, so excuse me if my heart doesn't bleed. | |||
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"Do you have a source for this story as I’m calling it as bull💩? He has just put it up... But that relates to tax on interest received from savings AKA ‘income’ so it’s not a tax on savings. Yes but alot of pensioners save for there funeral, how much has these politicians got stashed away £5000 is popcorn 🍿 where funeral are concerned. Better start stuffing the mattress least attendance allowance ain't taxable
FFS - it's not if you have £5000 in savings, it's if you earn more than £5000 interest on your savings
Any pensioner who's earning £5000+ interest on savings isn't exactly on the breadline, so excuse me if my heart doesn't bleed. "That's what you work for to have a good pension and maybe few wins on game shows and lottery. Bet some of you got a few quid hidden away . 😂😂 That's if you work???????? | |||
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