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  • FIRST POST
    • MSE Callum
    • By MSE Callum 29th Oct 18, 9:15 AM
    • 543Posts
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    MSE Callum
    Chancellor to reveal budget this afternoon - MSE News
    • #1
    • 29th Oct 18, 9:15 AM
    Chancellor to reveal budget this afternoon - MSE News 29th Oct 18 at 9:15 AM
    Chancellor Philip Hammond has unveiled the 2018 Budget...
    Read the full story:
    'Budget 2018: What you need to know'

    Click reply below to discuss. If you havenít already, join the forum to reply.
    Last edited by MSE Megan F; 29-10-2018 at 4:45 PM.
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    • tgroom57
    • By tgroom57 31st Oct 18, 7:00 AM
    • 1,358 Posts
    • 12,868 Thanks
    tgroom57
    • #2
    • 31st Oct 18, 7:00 AM
    • #2
    • 31st Oct 18, 7:00 AM
    I was toying with the idea of £200 in Premium Bonds, but the new rush of people buying will dilute my albeit infinitesimal odds even further. So perhaps not. I'm sure I can make 5% with some canny buying.

    • agrinnall
    • By agrinnall 31st Oct 18, 7:22 AM
    • 22,812 Posts
    • 18,813 Thanks
    agrinnall
    • #3
    • 31st Oct 18, 7:22 AM
    • #3
    • 31st Oct 18, 7:22 AM
    I was toying with the idea of £200 in Premium Bonds, but the new rush of people buying will dilute my albeit infinitesimal odds even further. So perhaps not. I'm sure I can make 5% with some canny buying.
    Originally posted by tgroom57

    I don't think the basic odds will change, if there are more bonds sold them the prize fund goes up - although your chance of a big prize may diminish very slightly.
    • badmemory
    • By badmemory 31st Oct 18, 10:29 AM
    • 2,538 Posts
    • 4,013 Thanks
    badmemory
    • #4
    • 31st Oct 18, 10:29 AM
    • #4
    • 31st Oct 18, 10:29 AM
    So why such a big increase in the personal allowance? What is he trying to buy? No general election, no re-vote on brexit. Surely they are not so desperate for approval points? I get very curious (suspicious) when a gov gives me £130 a year instead of the £65 I expected. Well silly me it's more about higher earners who will save £730. Well thank goodness, otherwise I don't think I could stand the shock!
    • Dazed and confused
    • By Dazed and confused 31st Oct 18, 10:32 AM
    • 4,885 Posts
    • 2,529 Thanks
    Dazed and confused
    • #5
    • 31st Oct 18, 10:32 AM
    • #5
    • 31st Oct 18, 10:32 AM
    Don't forget you need to knock off the extra National Insurance those higher earners are going to have to pay.

    12% National Insurance is going to be payable on £796/month before dropping to 2% whereas in the current year it drops to 2% after just £730
    Last edited by Dazed and confused; 31-10-2018 at 10:38 AM.
    • zagfles
    • By zagfles 31st Oct 18, 11:23 AM
    • 14,163 Posts
    • 12,298 Thanks
    zagfles
    • #6
    • 31st Oct 18, 11:23 AM
    • #6
    • 31st Oct 18, 11:23 AM
    So why such a big increase in the personal allowance? What is he trying to buy? No general election, no re-vote on brexit. Surely they are not so desperate for approval points? I get very curious (suspicious) when a gov gives me £130 a year instead of the £65 I expected. Well silly me it's more about higher earners who will save £730. Well thank goodness, otherwise I don't think I could stand the shock!
    Originally posted by badmemory
    It was in their manifesto. Yes, yes, I know politicans doing what they promised is shocking

    BTW it's not £730, as pointed out the NI UEL has been tied to the HRT threshold for many years and is going up to £50k too, so there's an extra 10% NI in that band, making the net gain £365. Some of that is just inflation, and for some will be clawed back by the repeated non indexation of other thresholds like the child ben clawback threshold, the personal allowance withdrawal threshold, and the pension annual allowance. None of which have seen an increase since introduction.
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