Improve Money Rules In 50 Words. Suggest easy changes for our politicians

ali702

SFHL wrote: »

really unclear what you are referring to as I work in the public sector and only get the standard bank holidays... not sure what EXTRA days you are referring to!

I too work in the public sector and we get one extra day off at Christmas, we dont get any christmas bonuses or christmas dos like many of the private sector. No cost of living payrise this year either.

ali702

girliegang wrote: »

When home educating your child/ren you take full responsibility for funding their education, you get NO help. In order to educate in a full time and satisfactory way it is not possible to work. Pay parents that stay home or set up a fund for each child.

This would be open to abuse and would cost us tax payers a fortune if everyone wanted to stay at home and educate their children.

Red_sky

TonySharp1803 wrote: »

If investment companies were made to publish in their advertising the ratio between what the investments they make earn each year and the amount that actually reaches customers then they would have to compete properly and not rip the customers off with complicated and hidden charges. That would cut bonuses.

Yes, this is true and a big problem. Every year when I had a With Profits bond with L&G they used to boast in their literature about making huge increases in their funds of anything up to 14% or 16% then pay as little or less to the people who's money it was actually investing of about 3%. I used to ask them where the rest of the money goes and get a futile answer that it was reinvested in the fund, oh, and of course, management charges, but the large majority of the increase in the fund was never paid to the investors. The FSA needs to look at these so-called bonus payments. The companies end up keeping most of the profits whilst they use other people's money to invest.

GMJones

Energy bills should comprise of 3 elements: energy, service, vat. OFGEN should be responsible for setting national rates for Gas and Electicity. Suppliers can then add in their "service charges". This would end the "smoke and mirrors" in the energy market and clearly identify the best rates.

Andy17mb

Stop putting sticking plasters over the tax system. Bite the bullet, knock it down and start again. It is ridiculous that we have a huge industry around tax enforcement and avoidance. Go back to a simple system, and lets start over again.

cepheus

mellowmanhez wrote: »

Instead of giving the banks billions, why not give homeowners tax relief on mortgage payments / overpayments to enable us to repay our mortgages earlier? Or bring back MIRAS (even though I’m too young to remember it!).
30 years to go until mortgage free - £700pcm

Good grief

This would only inflate the housing bubble further!

By-the-way

All utility meters to be read at least every 6 months.

My electricity & gas meters are easily accessible, like many peoples, near my front door, but I still get 'estimated' bills on consecutive statements.

At present meters are only required to be read once every 2 years.

XRAT

If car tax was scrapped we would never get anywhere.., so many people would own and park more than one car on the street.

Red_sky

All ISA transfers should be sent electronically and we should not have to wait 2 or 3 weeks for a cheque to be sent to the receiving scheme whilst the ISA account holder loses interest whilst the cheque is sent by post, received by the receiving scheme, paid in, then have to wait another number of endless days whilst the cheque clears. All the time this process takes place, the previous ISA provider is not paying interest because he has closed your ISA account but earning interest on your money because it is now in their holding account until the cheque clears. ISA transfers should be seemless. Why should an ISA account holder lose interest especially with the time it takes to send a cheque through the post and for the cheque to clear, when the ISA transfer could be sent electronically, directly between the 2 banks in a matter of days. It's just another delaying tactic by the banks to earn more interest on our money.

XRAT

Allow overpayments! Redemption penalty free.
For many students this will be their first loan. A £27K is daunting, not being able to stop compound inflation is torture. An inheritance may mean they could repay it early.., providing funds for another students loan.