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The budget - not quite live
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Massive changes to ISA and pension rules.
Sounds exciting but nothing about Child Trust Funds which no longer exist and cannot be transferred to ISA's, a lot of dead money laying in zombie accounts as a result.Anger ruins joy, it steals the goodness of my mind. Forces me to say terrible things. Overcoming anger brings peace of mind, a mind without regret. If I overcome anger, I will be delightful and loved by everyone.0 -
Income inequality lower (really?)
Stopping offshoring of profits and rich indivuals taking money offshore.
Small minority do not pay taxes. Those signing up to disclosed tax avoidance schemes will have to pay up tax up front. Will bring forward £4bn in tax receipts and reduce appeal.
HMRC budget to tackle non-compliance to be increased.
Increasing tax debt recovery rates
HMRC given ability to access bank accounts
Migrants to be stopped from claiming benefits to which they aren't entitled.
Increased use of EIS and VCT schemes.
Tax on houses over £500k bought through corporate envelope (not to be let out) will be charged stamp duty at 15%.
LIBOR investigation broadening to FOREX markets.
Fines paid by those caught up will be used for military and emergency service charities.Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
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Owning residential properties in a company (to avoid stamp duty) now subject to a 15% annual tax. Threshold reduced from £2m to £500k so that will scoop up all of the London dwellings and quite a few outside of London too.Anger ruins joy, it steals the goodness of my mind. Forces me to say terrible things. Overcoming anger brings peace of mind, a mind without regret. If I overcome anger, I will be delightful and loved by everyone.0
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Inheritance tax waived for anyone who dies in miltary service.
Fuel duty dropped for air ambulances and coastguards (I think).Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
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Milliband is up now.
Is he going to say something about the cost of living crisis.Anger ruins joy, it steals the goodness of my mind. Forces me to say terrible things. Overcoming anger brings peace of mind, a mind without regret. If I overcome anger, I will be delightful and loved by everyone.0 -
Welfare caps: £127bn 2018/19
£119bn 2015/16Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
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Yep.
Living standards are down, but are they down to sustainable levels (ie, where they should be) rather than having higher standard but bought on debt?Anger ruins joy, it steals the goodness of my mind. Forces me to say terrible things. Overcoming anger brings peace of mind, a mind without regret. If I overcome anger, I will be delightful and loved by everyone.0 -
So, what were these massive pension rule changes?“The ideas of debtor and creditor as to what constitutes a good time never coincide.”
― P.G. Wodehouse, Love Among the Chickens0 -
Sounds exciting but nothing about Child Trust Funds which no longer exist and cannot be transferred to ISA's, a lot of dead money laying in zombie accounts as a result.
I thought that had already been sorted?
http://www.telegraph.co.uk/finance/personalfinance/savings/10534380/Child-trust-fund-savings-can-be-moved-to-Junior-Isas.htmlGeorge Osborne, the Chancellor, has announced that the Government will introduce the transfers in April 2015. He said parents may be able to get better returns on their investment, pay lower charges and have more choice of products by moving to a Junior Isa.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
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