Regular Savers: Who's saving most?

Ashen

My argument is simply that you brought up tax when there was no mention of tax or tax paid.

Astraeus

Ashen wrote: »

My argument is simply that you brought up tax when there was no mention of tax or tax paid.

I don't know if you read my posts properly before responding or not but I have already explained that anyone's ability to save is a function, at least in part, of the tax system. If you are heavily taxed, your ability to save diminishes. And of course the opposite is true of a low-tax environment. So there is, in an ability to save £2k per month (albeit that B_G_B has no indicated that is not true of the OP's circumstances) an element of tax being involved. So I may have put the word "tax" in here but it was already inherently relevant.

And that isn't quite what your argument was to begin with. But that is something we aren't going to agree on, and instead I'll just reassure myself that it is what the train of posts above indicates.

colsten

Astraeus wrote: »

I have already explained that anyone's ability to save is a function, at least in part, of the tax system.

Savings could be from an inheritance or the sale of an asset, and it's entirely possible that tax doesn't even come into it at all.

Please can you stop developing theories to justify your extremely mean remark that "the OP is amongst the 'top' savers in this thread and is retired is a sad indictment of this country's tax code".

Astraeus

colsten wrote: »

Savings could be from an inheritance or the sale of an asset, and it's entirely possible that tax doesn't even come into it at all.

Please can you stop developing theories to justify your extremely mean remark that "the OP is amongst the 'top' savers in this thread and is retired is a sad indictment of this country's tax code".

I 'developed' a single theory, and it is that the country's tax code is such that it may allow an individual in retirement to have an income permitting disposable income of £2k per month. You're right that it could be from inheritance or the sale of an asset, and that proves my point even more than I was able to do myself. :beer:

Ashen

Astraeus wrote: »

I 'developed' a single theory, and it is that the country's tax code is such that it may allow an individual in retirement to have an income permitting disposable income of £2k per month.

Almost any country's 'tax code' could allow some individuals in retirement to have an income permitting saving £2K a month, so please stop spouting nonsense. I say that as someone working full-time, earning only two thirds that amount before tax.