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UK politics - Hamsterwheel

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UK politics - Hamsterwheel

Old 2nd Sep 2017, 19:00
  #11601 (permalink)  
 
Join Date: Nov 2000
Location: Cambridge, England, EU
Posts: 3,437
Originally Posted by Seldomfitforpurpose View Post
780 x 12 is 9360 so WTF are you paying tax on that?
They've got all sorts of cunning plans and clever tricks.


Once Upon A Time my only income was 40/week dole ... and I paid income tax on that at 40%.
Gertrude the Wombat is offline  
Old 2nd Sep 2017, 19:15
  #11602 (permalink)  
 
Join Date: May 2011
Location: Hampshire
Age: 72
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Of course you smell BS. You are writing it. I failed to mention a minimal residue of a company pension I also receive at 100 per month. I am not looking at 2017-2018 yet but I can assure you I have paid income tax on my pension every year since retiring.
Anyone wants to call me a liar and we can arrange to meet up and I will flatten your nose!
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Old 2nd Sep 2017, 19:53
  #11603 (permalink)  
 
Join Date: Sep 2000
Posts: 528
Originally Posted by KelvinD View Post
Of course you smell BS. You are writing it. I failed to mention a minimal residue of a company pension I also receive at 100 per month. I am not looking at 2017-2018 yet but I can assure you I have paid income tax on my pension every year since retiring.
Anyone wants to call me a liar and we can arrange to meet up and I will flatten your nose!
So Kelvin does a bit of bullshiting, gets found out and resorts to violent threats. Sooo left wing! Probably Antifa warrior.
qwertyuiop is offline  
Old 2nd Sep 2017, 21:12
  #11604 (permalink)  
 
Join Date: Sep 2012
Location: warlingham
Posts: 66
Kelvin

Even with your residual company pension, you have less than the personal allowance.
You should not be paying tax, unless you are dim witted and like handing gifts to government.
That you have payed tax in previous years ? Well congratulations.
You want to brawl and be a keyboard warrior ?
Bless.

It if wasn't for people like you, I am not sure what I would do for my free laughs.
mrangryofwarlingham is offline  
Old 2nd Sep 2017, 21:23
  #11605 (permalink)  
 
Join Date: Feb 2008
Location: Southwold
Age: 67
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Originally Posted by KelvinD View Post
Of course you smell BS. You are writing it. I failed to mention a minimal residue of a company pension I also receive at 100 per month. I am not looking at 2017-2018 yet but I can assure you I have paid income tax on my pension every year since retiring.
Anyone wants to call me a liar and we can arrange to meet up and I will flatten your nose!
But seriously you should not be paying tax. It's worth checking up on that, they may owe you a big refund.
Effluent Man is offline  
Old 3rd Sep 2017, 08:58
  #11606 (permalink)  
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Join Date: Jul 2003
Location: Where I always have been...firmly in the real world
Posts: 937
Originally Posted by qwertyuiop View Post
So Kelvin does a bit of bullshiting, gets found out and resorts to violent threats. Sooo left wing! Probably Antifa warrior.
Would that be, say in contrast to those on here ( usually on the opposite side of the political spectrum ) who, having a well established affinity for being "somewhat more than economical with the truth " and who, when their ego's are exemplified, resort to the ultimate sanction....the fabled JB "Ignore" function then ?

No matter. Onwards to the inevitable biography, probably being compiled at this very moment, and the shortest chapter in the book.

2017 Party Conference.

"I attended my one and only party conference as PM"


https://www.theguardian.com/politics...r-brexit-votes

Krystal n chips is offline  
Old 3rd Sep 2017, 09:12
  #11607 (permalink)  
 
Join Date: Feb 2007
Location: Oxon
Age: 62
Posts: 1,945
Originally Posted by KelvinD View Post
Of course you smell BS. You are writing it. I failed to mention a minimal residue of a company pension I also receive at 100 per month. I am not looking at 2017-2018 yet but I can assure you I have paid income tax on my pension every year since retiring.
Anyone wants to call me a liar and we can arrange to meet up and I will flatten your nose!
So you receive 12 x 780 which is 9360 and on top of that receive 12 x 100 which is 1200 giving you an annual income of 10560 and you still say you are paying tax despite this link stating you would not be

https://www.gov.uk/government/public...r-2017-to-2018

I still smell BS and your offer of a punch up is respectfully declined.
Seldomfitforpurpose is offline  
Old 3rd Sep 2017, 09:28
  #11608 (permalink)  
 
Join Date: Feb 2007
Location: Oxon
Age: 62
Posts: 1,945
This article makes a sensible point

'Floppy left' fear racist tag on sex grooming, says Labour MP Sarah Champion

and the inevitable reaction of the 'floppy left' on here will no doubt confirm the point it makes.
Seldomfitforpurpose is offline  
Old 3rd Sep 2017, 09:42
  #11609 (permalink)  
 
Join Date: Aug 2000
Location: No longer in Jurassic Park eating Toblerone....
Posts: 2,653
Maybe the 780/month is after tax?
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Old 3rd Sep 2017, 10:27
  #11610 (permalink)  
 
Join Date: Oct 2002
Location: West Wiltshire, UK
Age: 67
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Originally Posted by LowNSlow View Post
Maybe the 780/month is after tax?
The current basic state pension seems to be 122.30 per week, paid every four weeks (not monthly), for those born after 6th April 1951. For those born before 6th April 1951, the state pension is 159.55 per week, again paid every four weeks, not monthly.

Neither figure approaches the 780/month quoted, and all these figures are pre-tax (although, as pointed out, if this is the only source of income it is well below the tax free allowance threshold, so no income tax would be payable).

There may well be additional benefits payable to someone who receives just the basic state pension, that could increase their total income to a level above the income tax threshold, I believe.

Those in receipt of occupational pensions may well have to pay income tax on their state pension. I will be in this position soon, when I start drawing my state pension in a couple of months or so. All of my state pension will be subject to income tax, some at the higher rate, as my occupational pension already uses up my tax-free allowance and most of my basic rate tax allowance. I'm considering deferring my state pension, in the hope that the higher rate tax threshold may change, so that when I decide to draw it I won't get hit with so much tax. Bit of a gamble, though, as there's no telling how tax rates may change, or whether I'd be better off spending some money now, rather than having a bit more just before I snuff it..........
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Old 3rd Sep 2017, 10:45
  #11611 (permalink)  
 
Join Date: Dec 2006
Location: Lincoln
Age: 67
Posts: 456
I have an RAF pension, a company pension and now state pension (143 a week, due to both the RAF and company pension being opted out), the personal allowance is taken from my RAF pension, to which my state pension is added for tax calculations.

I came out of retirement for 7 months and the tax man has reduced my personal allowance to 4500, as they thought I might breach the 40% threshold, I won't, I pay 20% on all pensions and that does not look like changing anytime soon.
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Old 3rd Sep 2017, 11:08
  #11612 (permalink)  
 
Join Date: Feb 2007
Location: Oxon
Age: 62
Posts: 1,945
The good news keeps on coming for the Labour party

Scottish Labour leadership: Richard Leonard confirms bid - BBC News

An ex trade union official and a Corbyn fan, this should guarantee Jezza's continued run in office for many years to come.
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Old 3rd Sep 2017, 12:27
  #11613 (permalink)  
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" The current basic state pension seems to be 122.30 per week, paid every four weeks (not monthly), for those born after 6th April 1951. For those born before 6th April 1951, the state pension is 159.55 per week, again paid every four weeks, not monthly.

In the ceaseless effort to impress, using more than a touch of plagiarism albeit eloquently re written as most, if not all, of these" pearls of wisdom" can be readily found in their original forms or have even been produced on here, it's always nice to read such unadulterated ( rude name for testicles ) being offered as...... facts.

Sadly, the "before and after " April 6th 1951 dates are somewhat relevant here as to the amount you can expect to receive. This detail thoughtfully underlined above.

Not that it's that simple however. Depends on numerous factors / personal circumstances / past employment / gaps in contributions....to name but a few.
Krystal n chips is offline  
Old 3rd Sep 2017, 23:49
  #11614 (permalink)  
 
Join Date: May 2011
Location: Hampshire
Age: 72
Posts: 755
I can see I am going to have to dig up my latest P60 and/or have a trawl through my bank account to see what the actual amount I receive really is. Frankly, I don't give a rat's arse. My point in my original post was that I am sick and tired of hearing people bang on about pensioners being rich! And that point stands. I do remember vaguely a letter from the pensions peole giving a breakdown of how they calculate the amount. I don't remember specifics just now but I do remember things such as SERPS coming into the equation. The amount I quoted here may actually have been slightly more than I actually receive. At the time of writing it was a number that I had in my head. Until some months ago I remember the figure being at the higher end of the 600 region.
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Old 4th Sep 2017, 00:21
  #11615 (permalink)  
 
Join Date: Feb 2008
Location: Southwold
Age: 67
Posts: 60
Well make sure you are not being rooked, they do have form.
Effluent Man is offline  
Old 4th Sep 2017, 07:29
  #11616 (permalink)  
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" My point in my original post was that I am sick and tired of hearing people bang on about pensioners being rich! And that point stands. I do remember vaguely a letter from the pensions peole giving a breakdown of how they calculate the amount. I don't remember specifics just now but I do remember things such as SERPS coming into the equation

Kelvin D.....you original point is more than valid as I'm sure you are only too well aware. Real world economics are usually beyond the understanding of several JB contributors however.

By all means check you details but, frankly, have your N.I.number to hand and give the DWP a call. I found them remarkably helpful when I was doing my own state pension projection and they gave me a very accurate breakdown of what I could expect. Don't bother with the website calculator.

Meanwhile, here's Dave, globetrotting to address those who were spared, or are seemingly oblivious to, his tenure and incompetence as the predecessor to the soon to be the next ex PM.

https://www.theguardian.com/politics...mount-rushmore

I like the bit about "making significant contributions in their respective fields " ( this may come in useful for Theresa with her affinity for wheat ) but with Dave it's difficult to know where to start....."austerity", social engineering, screwed up the UK for years to come with a certain referendum.....he certainly made his own " significant contributions "....

Last edited by Krystal n chips; 4th Sep 2017 at 08:33.
Krystal n chips is offline  
Old 4th Sep 2017, 10:04
  #11617 (permalink)  
 
Join Date: Feb 2008
Location: Southwold
Age: 67
Posts: 60
Dave's decision to grant an EU referendum is going to rank alongside Neville Chamberlain's belief that he could trust Hitler in terms of political miscalculations. I for one on June 23 last year had no doubt that the result would be Remain, I guess that he, as well as Nigel Farage shared that view. His sharp exit from British politics showed that he also realised the scale of his error.

I think that we are in a period now where we have moved into uncharted territory as regards politics. I really wouldn't like to guess where things are heading. Sffp for example smugly believes that Labour are in the wilderness for a generation, and that is a distinct possibility. Otoh I can see pro Remain Tory revolts in the offing, so they may well be split. They also have a leader who is now arguably less astute politically than Corbyn is. These truly are interesting times.
Effluent Man is offline  
Old 4th Sep 2017, 11:40
  #11618 (permalink)  
 
Join Date: Dec 2000
Location: Manchester, England
Age: 54
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Originally Posted by Effluent Man View Post
They also have a leader who is now arguably less astute politically than Corbyn is. These truly are interesting times.
After the debacle (from a Tory perspective) of the calling and running of the last election, I'm not sure Theresa would actually register on the political astute-ometer!
Curious Pax is online now  
Old 4th Sep 2017, 13:13
  #11619 (permalink)  
 
Join Date: Jan 2002
Location: On the beach with a cerveza.
Posts: 1,135
Originally Posted by Curious Pax View Post
After the debacle (from a Tory perspective) of the calling and running of the last election, I'm not sure Theresa would actually register on the political astute-ometer!
There is no doubt that calling the election and running the campaign they did was a massive error - but she did actually increase the Tories share of thf vote (for the 3rd election running).

If the Tories can increase their support with such a bad campaign and sub-standard leader then if they get their act together they really dont have that much to fear.
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Old 4th Sep 2017, 13:30
  #11620 (permalink)  
 
Join Date: Feb 2007
Location: Oxon
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Originally Posted by Jet II View Post
There is no doubt that calling the election and running the campaign they did was a massive error - but she did actually increase the Tories share of thf vote (for the 3rd election running).

If the Tories can increase their support with such a bad campaign and sub-standard leader then if they get their act together they really dont have that much to fear.
Exactly the point I have made on several occasions.

Nothing short of promising Free Disneyland tickets to one and all could improve on Jezza's Moneytree "promises" so the only way Labour are heading is down.

The Tory's under Mrs May cannot possibly do that badly again so for Labour things do not look to good, and if you add in the real potential the Jezza is in his job for the long run you can certainly understand the pain being suffered by the Labour voters out there.
Seldomfitforpurpose is offline  

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