Budget predictions / discussion

LHW99

It could make sense to increase the auto-enrollment payment limits (not too drastically in one go though). It will mean almost everyone in the end will have at least a small fund on top of SP, so could make the eventual removal / rethinking of the triple lock less of an issue.

wmb194

ColdIron said:

I'd be interested to see how British some of these companies might be, Coca Cola (CCH) is listed on the FTSE 100

Could it be as simple as just an LSE listing I wonder?

It doesn't really matter as it seemed to be more about improving liquidity in London but you could restrict it to securities with a 'GB' prefixed ISIN number. This would throw up some anomalies like WPP being excluded because its holding company is domiciled in Jersey but it could for instance motivate some providers to create 'GB' ETFs.

wmb194

friolento said:

wmb194 said:

I'm interested to see whether a 'British Isa' is introduced. In article somewhere I forget someone speculated that it could be implemented as an additional allowance of, say, £2,000, on top of the usual £20,000 that would only allow securities listed in London to be placed in it (as apparently per the original PEP). The downside is that it adds yet more complexity to Isas.

If it is happening, I for one won't make any use of it. My investments are globally diversified and I can't see a reason why I would want to change this. What's a "British" company, anyway? Most if not all the large companies operate globally, and no big investors would invest in British companies only although some British companies are majority-owned by foreign investors Just look at our Water companies......

Just because you operate globally it doesn't stop you being Dutch, American or whatever nationality company but anyway if it was tightly restricted you could still do that but instead of an ETF you could buy shares in, say, the F&C and Witan Investment Trusts. If was an additional allowance on top of the current £20k I'd definitely use it.

Hoenir

mebu60 said:

Isn't the State Pension effectively means tested to some degree already in that it's taxable income? 

Sooner or later the maxiumum State Pension (as is) will exceed the Annual Personal Tax Allowance. Will the two be brought into line? Administratively makes sense. 

Hoenir

wmb194 said:

I'm interested to see whether a 'British Isa' is introduced. In article somewhere I forget someone speculated that it could be implemented as an additional allowance of, say, £2,000, on top of the usual £20,000 that would only allow securities listed in London to be placed in it (as apparently per the original PEP). The downside is that it adds yet more complexity to Isas.

Purpose of stock exchanges is to provide a market where companies can raise equity finance i.e. new capital. The more active listed companies there are. The greater the activity level of the ancilliary services legal. financal etc. Something that the UK is world class at doing. Corporate Governance is something that's undervalued by many investors. 

wmb194

Hoenir said:

wmb194 said:

I'm interested to see whether a 'British Isa' is introduced. In article somewhere I forget someone speculated that it could be implemented as an additional allowance of, say, £2,000, on top of the usual £20,000 that would only allow securities listed in London to be placed in it (as apparently per the original PEP). The downside is that it adds yet more complexity to Isas.

Purpose of stock exchanges is to provide a market where companies can raise equity finance i.e. new capital. The more active listed companies there are. The greater the activity level of the ancilliary services legal. financal etc. Something that the UK is world class at doing. Corporate Governance is something that's undervalued by many investors. 

Yep. It definitely feels like it's slowly withering away, though.

Grumpy_chap

Albermarle said:

NI nominally funds the state pension 

I had always understood that NI nominally funded the NHS and the welfare state (the latter including SP).

friolento

Grumpy_chap said:

Albermarle said:

NI nominally funds the state pension 

I had always understood that NI nominally funded the NHS and the welfare state (the latter including SP).

Only a tiny part of the NHS is funded from a small share (one fifth) of NI contributions. The vast majority of NHS funding comes from general taxation. Most of the working age benefits get funded from general taxation.

NI does fund basic and new state pensions but not Pension Credit, which is funded from general taxation, plus Additional State Pension, contribution-based JSA and ESA, Maternity Allowance and Bereavement Support.

friolento

MissHap said:

As one of the 12 million grey voters, any tinkering with the triple lock will lose the Tories votes so I'm betting he'll leave well alone and if LIEBORE get in its there problem.
The next tax year I WILL pay income tax on my state pension and this alone sticks in my throat!
I'm not averse to being taxed but dont give it me with one hand and then take it back with the next!
I've never voted Tory and not voted LIEBORE for over 25 years and don't intend to.
Normally I vote for an Independent candidate in both local and national elections, my belief is change can only come if you DONT vote for the 2 party shambles, unfortunately I'm in the minority nationally but locally we've had an independent candidate in our ward for a number of years, unfortunately in a 49 seat local council, 45 of them are LIEBORE!
My vote at the next GE.........................REFORM......................even if they don't gain a seat, its a message we need to send to the big 2 that we aint happy!

[Quoted post removed by Forum Team]

Reform are not a Party but a company. There are no members, and no voting rights for their supporters. They have recently released their draft manifesto. The bit I was interested in - working age benefits, pensions and social care - were completely blank.I didn't check their other policies and promises.

We are now straying from the subject of this thread, into political discussions that shouldn't be had in this forum, so I won't say any more about Reform.

strawb_shortcake

I've always wondered why they don't reintroduce gambling tax, given the devastation a gambling addiction can cause and the enormous reported salary of Denise Coates it seems like it could be a win.