What do you want Martin to ask Mark Hoban, Treasury Minister?

Xaniwoop

What is the minister planning to do to help people buy their first home? I work and my wife looks after our two under 5s. I have job that pays enough to rent a home and live on, but we cannot get the 10% deposit needed or borrow enough (we would need to borrow 5x my salary). The local community housing group does not have any properties locally and we do not want to move too far as my eldest is starting school in September. What I would like to see is a scheme where the buyer chooses the property that is then purchased under shared ownership scheme or similar.

SueB1954

Why are the super-rich able to benefit from an 18% CGT rate at the expense of the less well off? All it does is enable the rich to use CGT to avoid higher rates of income tax

sutee1

I would like to ask Mr Hoban why the banks were allowed to get away with not refunding the exorbitant charges they imposed on people like me who were in a catch 22 situation of charges on charges? People such as myself can no longer pursue this because of present circumstances, i.e. having sold a house and moved into rented accommodation to prevent foreclosure, I now cannot consider myself to be in the position that I was in, therefore cannot under the ruling get my £1500+ charges back!
:mad::mad:

Julia4J

I stayed home to look after my children, now 37 and 40 next month, but it was not fashionable and therefore not support. I did receive a little help later when it was accepted that it was a good thing for women to do this but it was only four years credit which, with the stamps I bought when I WAS working means I now receive the princely sum of £200 and a little bit every four weeks. We were never able to afford to pay for any kind of stamp and I was unable to find any kind of a job which paid enough to pay for a stamp once the children were old enough to come home from school on their own. My children are now excellent members of society and have surpassed our family's previous experience by becoming a consultant surgeon and a lawyer. The lawyer has two seriously handicapped children and the surgeon is working in the third world so they have nothing. Neither does the government it would seem! Totally ridiculous, I sacrificed for my childrens' benefit and society's and now I continue to sacrifice, crazy system.

thomas28_2

questions for Mark Hoban relating to Equity ISA

Why is the interest on cash held within an Equity ISA subject to a charge (TAX) of 20%?

Why not encourage those on lower incomes to save using an equity ISA?

Background
Following removal of the 10% dividend tax credit, (2005) the only benefit to standard rate tax payers is that there is no capital gains tax to pay – very few standard rate tax payers (if any) pay CGT.

The solution I suggest is to allow interest to be treated in same way as interest in Cash Isas and reintroduce the dividend tax credit @ 20% for all.
This makes Equity ISA attractive to standard rate tax payer, Higher rate tax payers would still invest as they have additional attraction of CGT excemption.

To allow system to remain nearly Fiscal Neutral - Higher rate tax payers would be required to pay 20% (difference between basic rate and higher rate) on Dividends and interest received - ISA plan managers would be responsible for administration of this.

Either
get client to declare to the ISA plan manager that they are not a higher rate tax payer - inform revenue of clients who do so for cross checking.
or
deduct 20% tax from all and issue tax credit note at end of Financial year to those who are not higher rate tax payers to enable them to reclaim tax, tax credit note could also be reinvested into ISA without effecting that years allowance.

benefit
everybody is encouraged to save into Equity ISA – all tax payers benefit by not paying 20%tax on interest on cash – all benefit by reintroduction of dividend tax credit.
Government benefits by encouraging the standard rate tax payer to save. The 40% tax payer is no longer favoured over standard tax payer.

iveson12

I am one of the 300,000 women UNFAIRLY affected by the proposed Pension Reforms. Please request the minister to reply(pass on to Pensions Minister to reply) asap regarding what exactly the so called transitional arrangements will be, which promises to redress these women?
(Is there anyone out there could reply as to whether this infringes Human Rights?)
Also the Prime Minister promised transparent governance: please ask him confirm whether Civil Servants have a NON contributory pension scheme?
Could he also confirm whether MP's pay towards their (MP's) pension ? and at what percentage rate?
And also whether MP's qualify for a full pension with only one term in Office?
Thanks
CM
7/7/11

Xbigman

In relation to cash ISA's. A cash ISA should be a wrapper and not a stand alone account. Could the minister look at allowing any existing savings account to be put in a cash ISA wrapper. IE put a regular saver account in a cash ISA wrapper (withing normal ISA limits) and pay no tax on the interest.




X

Snorkwife

The stamp duty threshold for non first time buyers is £125,000. So up to this amount you pay nothing and then if you go a penny over you have to pay 1% on the full amount. Surely it would be fairer if the 1% only kicked in on any amount you pay over the £125,000. So for example if you buy a property for £130,000 you only pay stamp duty on £5,000 of it.

mkeen

I would love Martin to ask if there could be a PPI / Overdraft charges style investigation into whether Mortgage 'Arrangement' fees are in any way fair. Personally I can't believe that these financial organisations can justify £699, £999 for punching a few figures into a computer. They're already set to make a fortune out of you over the course of the mortgage. It's a pure and simple scam, and it's not right.

Tourer

Three issues.

1. Why do I pay tax on my pension when people on benefits get it tax free?

2. When are interest rates going to improve for the elderly?

3. Why am I and my wife being penalised on the pension payment because we have retired/are retiring before 2014?