Elite 11+ shopping and chat thread

mhoc

silvercar wrote: »

You should keep tabs on things, just because you should.

But if you don't (unless you are earning fortunes) it will all sort itself out eventually. Interest from the bank will be notified to the revenue, who will know what tax you should pay. They will contact you with a refund or a tax code adjustment for an overpayment. Expect it to take months.

this is another thing that puzzles me - some people playing the banks/building societies game might have numerous different accounts and even in this so called digital age it could take months for all of them to inform HMRC what interest everybody has had. HMRC have then to collate all of this info and write to x hundred thousand people to say you earned £x amount of interest but £x is over your allowance please fill in this self tax assessment form if you don't already do one.
will they give a detailed breakdown of what interest you have earned from where and between what dates so you can make sure its correct?

some of my savings accounts pay interest in September and 2 are in December so how is this calculated for a tax year running April to April ???

I cant even remember the last time the tax man sent me a code

LEJC

silvercar wrote: »

I thought the stock market had done well out of brexit? Exchange rate moving against us meant foreign investors piled in as their money went further. Obv individual shares may not perform in the same way.

we're holding one of brexit's losers at the moment.
they have recovered a little but not to the value if we had sold on 22nd June.

another 10p per share would be good

davemorton

mhoc wrote: »

2008 - 8 years ago we were financially supporting eldest child through uni and she was bankrupting us, middle child was at sixth form and struggling and we were supporting him as he was still at home and youngest child was struggling through his GCSEs educationally but still managed to get into college - I have no idea whatsoever how we got through in one piece.

I think that was rock bottom year but in 2009 I started keeping excel charts and finally we started saving ...

Oh, I never meant you, MHOC, I meant it as the 'royal you', IFKWIM. Just giving an example of them. If we had the benefits of hindsight, we would all be right....infact why is that not a superpower ever mentioned, could be even better than being able to fly :eek:
(Not as good as being invisible though )

LEJC

Given the choice I'd go with being invisible too....
Although hindsight would be a close second and flying third!

davemorton

LEJC wrote: »

Given the choice I'd go with being invisible too....
Although hindsight would be a close second and flying third!

:rotfl: I was just thinking about it then, you could get into shows and events for free, and could earn a fortune being a magicians assistant or an under-cover detective

davemorton

LEJC wrote: »

Given the choice I'd go with being invisible too....
Although hindsight would be a close second and flying third!

Being able to read minds could be scary, and take some of lifes fun away.

LEJC

no Dave..I'm just curious or maybe nosey!

davemorton

Now being able to stop time might be useful, but would be better if whoever you were touching at the time also could cheat time.

LEJC

davemorton wrote: »

Being able to read minds could be scary, and take some of lifes fun away.

Too dangerous....

mhoc

davemorton wrote: »

Oh, I never meant you, MHOC, I meant it as the 'royal you', IFKWIM. Just giving an example of them. If we had the benefits of hindsight, we would all be right....infact why is that not a superpower ever mentioned, could be even better than being able to fly :eek:
(Not as good as being invisible though )

No offense taken - it has make me realise how we really have turned our lives around - and how bleak things were back then ...

I think 2009 was our first cruise