Beebo
Legendary Member
Average ISA saving is £30k. If you make £1200 interest then you save £500.
Reform, and the death of the Tory Party
- Thread starter briantrumpet
- Start date
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Average ISA saving is £30k. If you make £1200 interest then you save £500.
Beebo
Legendary Member
View: https://x.com/ITVNewsPolitics/status/2034646633082671345?s=20
Hilarious stuff from Reform MP.
She’s just have a laugh!
laurentian
Regular
ISAs exist and have been set up to encourage people to save with the benefit that that, up to £20,000 pa will not be taxed. This is/was their intended purpose I'd call this a tax planning facility which, should they be fortunate enough to haves some "excess" cash, is available to a lot of people who are not multi millionaires or even close to it. You would know better than I what the banks do with the money while it's sitting in the accounts.
The intention of the tax system is to collect revenue to fund national infrastructure and public services . . . something which, I'm sure you'll agree, is necessary.
ISAs exist to enable people to save money with the bonus of that being tax free and the system is available to anyone, rich or not-so-rich and the playing field is even wherever one sits in the demographic. Tax avoidance is not available to everyone as one needs shedloads of cash in the first place and then a bit more to pay someone to tell you how to do it. (But you know this)
For the record, I wouldn't have problem with Tice using all of his ISA allowance. None whatsoever.
Neither do I have a problem with him (or anyone else) being rich.
It's being rich and avoiding paying tax to the country that you aspire to govern and who's interests you claim to represent that doesn't sit right with me.
To me, it must be a weird obsession, a strange way to live, to have a net worth of £40 Million and go out of your way to avoid corporation tax. I just don't get it. Why?
OP
OP
briantrumpet
Timewaster
Only foreigners spread diseases, obvs.
Beebo
Legendary Member
They are always attending student night at the local night club.
You can’t move on the dance floor for Afghan refugees.
BoldonLad
Old man on a bike. Not a member of a clique.
- Location
- South Tyneside
Have they thought this through?
I know this may be a mere detail, but.... the outbreak is in Kent, it has not been "imported" (has it?), the danger is, Kent may "export it". If they are going to declare an Emergency, should it not be an Emigration Emergency ?
Beebo
Legendary Member
The first real notification came from France. Where an exchange student had been told n the night club.
First Aspect
Guru
midlandsgrimpeur
Senior Member
To make matters worse, they can't get vaccinations either as they are filled with govt. issue microchips that will track their every thought and movement. This poor Reform lot can't catch a break.
Pblakeney
Legendary Member
OMG! You know things are bad when FA agrees with the SNP. 😉
CXRAndy
Epic Member
There's no future for them here- farming doesn't make any money
View: https://x.com/i/status/2034540797953990903
View: https://x.com/i/status/2034540797953990903
Stevo 666
Veteran
You can speculate, but people who built substantial wealth usually don't achieve that by saying to parties they deal with 'help yourself mate, take as much as you like'. I guess you'd need to ask him.
Although technically he is correct, there is no legal obligation to pay more than the law stipulates - and according to the case law where this was established, no moral obligation either. Especially as HMRC will generally not be shy about getting you to pay more if they can.
That said, there is a way for people to voluntarily pay more tax if they really want to help and/or virtue signal. I wonder if anyone on here puts their money where their mouth is?
Stevo 666
Veteran
People and businesses with complex commercial affairs often have complex tax affairs, and the tax systems if itself complex - so it's only natural that taxpayers like that need professional advice. Just because the government is not trying to promote good behaviour like saving with tax incentives does not mean people can't arrange their affairs within the law. You may not like him or what he is doing but legally there is no distinction between what Tice has done and an ISA saver.
icowden
Pharaoh
But morally, there is a huge difference between participating in a scheme created intentionally by government as opposed to gaming loopholes for personal gain.
Stevo 666
Veteran
You call it gaming loopholes: others call it applying the law sensibly so as not pay more than is necessary. See also my post above about the case law point - i.e. that there is no legal or moral obligation for a taxpayer to pay more than is required by law.
