paying in a check at the Post Office (no bank account)

Nasqueron

It would be best to put this user on ignore and stop engaging.

Anyone believing we will soon have a Chinese style social score, we will have mandatory tattoos for ID and banking systems are shackles isn't posting in the right place 

GingerTim

SovCit/Freeman on the Land - don't make eye contact.

GringoGoesToVagas

wmb194 said:

GringoGoesToVagas said:

gary1312 said:

Don't get me wrong - I'm with you in some ways. I don't like banks either, which is why I conduct the majority of my financial affairs through mutual organisations, membership of which make me a part-owner. Current accounts with Nationwide BS and Co-op Bank, savings with other building societies and my local credit union.

So I have been told that if the banks crash you will loose your money, but you wont loose your money in the building societys 

*lose *societies. 

This is incorrect, it makes no difference. During the financial crisis plenty of Building Societies went bust and had to be rescued e.g., Nationwide, Coventry, Skipton and Yorkshire rescued many. Co-op Bank rescued Britannia but it weakened Co-op Bank's balance sheet to such an extent that not many years later it had to be rescued as well.

So are you saying even with a BS i still could loose the lot?

GringoGoesToVagas

retiredbanker1 said:

GringoGoesToVagas said:

EarthBoy said:

The only place you can cash a cheque, rather than paying it into a bank account, is at one of the loan companies, such as Cash Shop:

https://cashshop.co.uk/

You'll have to pay fees for this service.

Thanks!
Just looked at there site, bit of a rip off merchants really

8.9% Cheque 

Item Fee: £2.99

So how do they cash the cheque then?

They just stamp the cheques with their company name and pay in the normal way.

How can they do that if the cheque is not in there name?

GringoGoesToVagas

born_again said:

GringoGoesToVagas said:

born_again said:

GringoGoesToVagas said:

born_again said:

GringoGoesToVagas said Your carbon credit score/ social credit score on what you can and can not purchase

You are aware that Credit score has nothing to do with banks. It is a made up figure by the Credit Reference Agencies.
Which is never seen by the banks. 🤣

You dont understand!
Im not talking about a "Credit Score". I am talking about a "Social Credit score"

Do you live in China?
As UK does not have anything like this..

Is this from the same people that tell you if a bank crashes you will lose everything?

Yes it is in China but planned for hear in the near future

So banks have never crashed and no one has lost anything ever have they?

Did any account holder lose anything in the 2008 bank bailouts?

What about Grease?

GringoGoesToVagas

Section62 said:

GringoGoesToVagas said:

....

gary1312 said:

 I myself would also much rather receive my pay, currently mandated monthly to my building society account, in a weekly cash pay packet but this is 2025 and no longer how the world works -

Bit knee bending there isint it?

Anyway I plan to start a new business at the start of next year where it will be 100% cash, yes that is right a business that runs 100% cash. all takings cash and all payments out will be cash. And that would include brown envelopes with hand written pay slips and cash inside 

I had high hopes of getting out of the system 100%. With no tax to pay or declair, no licences for anything as the trade would be a barter system based upon silver coins. But that idea will have to weight a while now

Does HMRC have a system for accepting business tax/NI payments in cash? (and accounting for tax/NI using anything other than an onlie system)

Because if you are employing people (hence the need for 'pay slips') then you will be paying tax and/or NI.  That isn't something you can lawfully opt out of.

Then will HMCR not take cash?

Opt out. if its barter then how do you tax barter?

booneruk

I honestly think you're hugely more likely to lose paper money via theft, actual loss or disasters like fire over money in a bank. The government backs your bank deposits up to 85k for starters.

I've lost cash to theft, I haven't lost money that's been in a bank though.

EDIT. It looks like we're about to plunge down the rabbit hole here.

GringoGoesToVagas

jimjames said:

GringoGoesToVagas said:

gary1312 said:

Don't get me wrong - I'm with you in some ways. I don't like banks either, which is why I conduct the majority of my financial affairs through mutual organisations, membership of which make me a part-owner. Current accounts with Nationwide BS and Co-op Bank, savings with other building societies and my local credit union.

So I have been told that if the banks crash you will loose your money, but you wont loose your money in the building societys 

gary1312 said:

 I myself would also much rather receive my pay, currently mandated monthly to my building society account, in a weekly cash pay packet but this is 2025 and no longer how the world works -

I had high hopes of getting out of the system 100%. With no tax to pay or declair, no licences for anything as the trade would be a barter system based upon silver coins. But that idea will have to weight a while now

Just because you're using cash doesn't mean there is no tax to pay. Good luck telling HMRC that you're accepting cash so that you don't need to pay income tax or VAT. Whatever business software you need (or even the phone/computer that you're posting these on) will need licences and payment

I was refering to barter in the form of silver coins for that one

Barkin

GringoGoesToVagas said:

born_again said:

GringoGoesToVagas said:

born_again said:

GringoGoesToVagas said:

born_again said:

GringoGoesToVagas said Your carbon credit score/ social credit score on what you can and can not purchase

You are aware that Credit score has nothing to do with banks. It is a made up figure by the Credit Reference Agencies.
Which is never seen by the banks. 🤣

You dont understand!
Im not talking about a "Credit Score". I am talking about a "Social Credit score"

Do you live in China?
As UK does not have anything like this..

Is this from the same people that tell you if a bank crashes you will lose everything?

Yes it is in China but planned for hear in the near future

So banks have never crashed and no one has lost anything ever have they?

Did any account holder lose anything in the 2008 bank bailouts?

What about Grease?

Haven't seen it in years - thought it was OK.

wmb194

GringoGoesToVagas said:

jimjames said:

GringoGoesToVagas said:

gary1312 said:

Don't get me wrong - I'm with you in some ways. I don't like banks either, which is why I conduct the majority of my financial affairs through mutual organisations, membership of which make me a part-owner. Current accounts with Nationwide BS and Co-op Bank, savings with other building societies and my local credit union.

So I have been told that if the banks crash you will loose your money, but you wont loose your money in the building societys 

gary1312 said:

 I myself would also much rather receive my pay, currently mandated monthly to my building society account, in a weekly cash pay packet but this is 2025 and no longer how the world works -

I had high hopes of getting out of the system 100%. With no tax to pay or declair, no licences for anything as the trade would be a barter system based upon silver coins. But that idea will have to weight a while now

Just because you're using cash doesn't mean there is no tax to pay. Good luck telling HMRC that you're accepting cash so that you don't need to pay income tax or VAT. Whatever business software you need (or even the phone/computer that you're posting these on) will need licences and payment

I was refering to barter in the form of silver coins for that one

I get that you're a troll but for other people's interest, you assign a fair market value to the barter and declare that as income. You also need to consider VAT. Silver will be trivially easy because its market value on any particular day is easy to determine.

 https://startups.co.uk/tax/how-is-tax-applied-to-bartering/