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Share dividend tax increase

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  • solidpro
    solidpro Posts: 660 Forumite
    Part of the Furniture 500 Posts Name Dropper Photogenic
    edited 13 September 2021 at 12:04PM
    I started a ltd company in 2008 and was told, more risk, more reward.

    If I was in the same position in 2021 I would not do it. More risk no reward. The introduction of the dividend tax within the basic rate tax bracket was the killer blow and now increasing it is just insulting.

    I earn £15k in dividends on a £25k annual income. My taxes are going up despite a manifesto pledge "no tax rises". The weak argument of 'NI isn't a tax' doesn't apply to Dividend Tax.

    Meanwhile my parents live in a £1m house, get £15k a year in state and private pensions and pay nothing towards the increase in the cost of their care. Although what will likely happen is instead of selling their house to pay for their care, they will now be railroaded into a government-hatched equity-release product in order to cover the £86k cap on personal contributions and then when my parents die, the government will take the house.

    Meanwhile the conservative government have been reducing the budget for social care year-on-year for the last 10 years. We may not need these rises if we hadn't been bleeding it dry for 10 years.

    Remind me of the NHS, Police, Nurses, Fire, RNLI, mental health care services etc etc. All being bled to death soon to be replaced with insurance policies by private companies.
  • solidpro
    solidpro Posts: 660 Forumite
    Part of the Furniture 500 Posts Name Dropper Photogenic
    edited 13 September 2021 at 11:59AM
    Section62 said:

    Who paid for those "lab-certified" PCR tests?

    How much does each "lab-certified" PCR test cost?

    What budget will have paid for the millions of other "lab-certified" PCR tests done between the start of the pandemic and April 2022?

    I did. It's a UK governemtn requirement to pay a private company for a lab-certified day 2 test when returning to my own country from Spain. Meanwhile UK government test are not accepted by the UK government (border force).

    What budget are you talking about? I paid £300 for them. Twice.

    I've heard in the EU, they are free.


  • solidpro said:
    Section62 said:

    Who paid for those "lab-certified" PCR tests?

    How much does each "lab-certified" PCR test cost?

    What budget will have paid for the millions of other "lab-certified" PCR tests done between the start of the pandemic and April 2022?

    I did. It's a UK governemtn requirement to pay a private company for a lab-certified day 2 test when returning to my own country from Spain. Meanwhile UK government test are not accepted by the UK government (border force).

    What budget are you talking about? I paid £300 for them. Twice.

    I've heard in the EU, they are free.


    Section62 is referring to the 37billion budget ringfenced for Test & Trace, of which "test" is by far the biggest expense (lab capacity, lab staff, testing kits etc). The million+ tests a day being conducted costs a fair bit as you can imagine.

    I have no problem with tourists being asked to fund their own testing, rather than adding more burden on the T&T budget.

  • booneruk said:

    Section62 is referring to the 37billion budget ringfenced for Test & Trace, of which "test" is by far the biggest expense (lab capacity, lab staff, testing kits etc). The million+ tests a day being conducted costs a fair bit as you can imagine.

    I have no problem with tourists being asked to fund their own testing, rather than adding more burden on the T&T budget.
    Section62 was asking where my 'lab-certified' tests were from as if they were paid for within this ludicrous £37bn budget, when the ones provided under that budget (the NHS LFTs) aren't even accepted by the UK government because they're not good enough, meaning if you wish to travel you have to pay for them.
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