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Two Eds are worse than one.
Comments
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What a selfish self serving lot you are
Not a mention that it may benefit some of the kids of today.
No lets worry about those who already have more reserves than can probably be spent in a limited life span, lets worry about the effect on the guys on £150k a year for gods sake. Non of you will hit the breadline and most won't be affected.
If your worried about 60% tax bands and 150K pensions then my heart bleeds
Stand back for the Daily Mail Brigade!!!!!0 -
What a selfish self serving lot you are
Not a mention that it may benefit some of the kids of today.
No lets worry about those who already have more reserves than can probably be spent in a limited life span, lets worry about the effect on the guys on £150k a year for gods sake. Non of you will hit the breadline and most won't be affected.
If your worried about 60% tax bands and 150K pensions then my heart bleeds
Stand back for the Daily Mail Brigade!!!!!
Well, I'm with you but I also read the DM....
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Oh cut the sanctimonious bulls**t. For a start it's not just about those who earn over £150k, a nurse getting a payrise could well be affected by the annual allowance cut, but that won't stop the Daily Mirror brigade ranting!!!!!!!What a selfish self serving lot you are
Not a mention that it may benefit some of the kids of today.
No lets worry about those who already have more reserves than can probably be spent in a limited life span, lets worry about the effect on the guys on £150k a year for gods sake. Non of you will hit the breadline and most won't be affected.
If your worried about 60% tax bands and 150K pensions then my heart bleeds
Stand back for the Daily Mail Brigade!!!!!
It's a daft plan, even Martin himself has called it ""financially illiterate". http://www.moneysavingexpert.com/news/loans/2015/02/labour-to-cut-tuition-fees-to-6000-a-year-if-it-wins-election
But I suppose he's just a "fat cat" feathering his own nest, right? And never mind that the cut in tuition fees will only affect those who go on to earn very high salaries, so it only benefits the future rich anyway!!!!!!!!!!!!!!!!!!!!0 -
Oh cut the sanctimonious bulls**t. For a start it's not just about those who earn over £150k, a nurse getting a payrise could well be affected by
Are you drunk man a nurse getting a pay rise not under this shower!!
Not sanctimonious just want a fair deal for the kids.
The idea of going on to do a degree is that you should in theory earn more, most graduates seem to be struggling to land the dream job, all student would benefit by having less debt.
Sorry if i hit a nerve have you broke off from counting your money to reply?0 -
Seeing you quote Martin.
He replies in the blog "It means the rest is made up by the tax payer (From top tax payers pensions) NOT IN ITSELF NECESSARILY A BAD THING
He also says that the coalition in 2012 was also financially illiterate .0 -
Spidernick wrote: »The bit immediately above that in bold suggests that relief is only going to be cut for the 45% taxpayers, which would make your statement in bold incorrect. Hardly helpful, is it? Does anyone know the actual position?
From memory, the 45% figure is correct, with incomes of over £150k gross losing access to anything over 20% tax relief on contributions. As such, someone on £149,999 could get relief of 40% on a £30,000 contribution (assuming some carry forward is available for the purpose of this illustration), while someone earning a pound more a year would be restricted to 20%.
I can't see the basis for that assumption. Why would someone going over £150,000 earnings suddenly suffer a restriction to only 20% relief on all their contributions?
If everyone gets the 20% relief added within the fund, then the higher rate taxpayers currently get 20 or 25% back against their tax bills surely they'd still get 20% back on the band below £150,000?
I would guess someone on £150,001 would get 20% of £29,999, as the contribution has reduced the taxable salary to £120,001, and only £1 of the contribution was in the band above £150,000
Thus people between £72k and £150k and all paying a £30,000 contribution would get £6000 relief, and it would taper away to nothing by £180k i.e. £150k taxable earnings net of contribution.
But it is only a guess, and most of the people on here know more than me.0 -
Yawn. Go back to reading the Mirror. My friend's wife is a nurse - she went over the current annual allowance last year because she got a promotion. Of course the financially illiterate wouldn't understand how. They're stupid enough to think this just affects the "rich".Are you drunk man a nurse getting a pay rise not under this shower!!
Not sanctimonious just want a fair deal for the kids.
The idea of going on to do a degree is that you should in theory earn more, most graduates seem to be struggling to land the dream job, all student would benefit by having less debt.
Sorry if i hit a nerve have you broke off from counting your money to reply?
In fact, cutting the AA could even reduce some students' income while at uni! See https://forums.moneysavingexpert.com/discussion/5183615
Have a rant about that!!!!!!!!0 -
And it isn't. So what?Seeing you quote Martin.
He replies in the blog "It means the rest is made up by the tax payer (From top tax payers pensions) NOT IN ITSELF NECESSARILY A BAD THING
Yes. And? There are pros and cons to all these proposals. And that's what we're discussing here. Feel free to join in if you actually have anything substantive to say, but try to actually understand the proposal first, and the fact that it doesn't just affect those on high salaries, instead of sanctimonious ranting.He also says that the coalition in 2012 was also financially illiterate .0 -
Well if Red Ed gets into power I will be taking some big decisions with my pension pot,why carry on saving or looking after your cash.
I think it would be better to blow all the bloody lot,leave my job and live of the state,at least I have paid into it for a long time,more than most can say.
If you can't beat them join them,0 -
What a selfish self serving lot you are
Not a mention that it may benefit some of the kids of today.
No lets worry about those who already have more reserves than can probably be spent in a limited life span, lets worry about the effect on the guys on £150k a year for gods sake. Non of you will hit the breadline and most won't be affected.
If your worried about 60% tax bands and 150K pensions then my heart bleeds
Stand back for the Daily Mail Brigade!!!!!
I am a big fan of apprenticeships and vocational training. I'd far rather see the money spent on that.
Labour introduced tuition fees in the first place and then encouraged kids to study mickey mouse subjects with no hope of a relevant job.
Typically sanctimonious of them to now belly ache about the kids not getting a fair deal when the roots of the problem are of their own making.0
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