Bankers' income is still subject to PAYE and they pay tax in the same way as everyone else (albeit a hell of a lot more of it). I don't see what point you're trying to make there?
This, just this, my dad was a tory as was his dad, both self centered selfish barstewards, as I got older I realised that I disliked what they stood for and unconsciously became a socialist, and the older I get the more socialist I get, ( I'm 65 ) I'm in a good a place at the moment, worked all my life, never unemployed, worked all my life as an hourly paid steel worker, paid into a good pension scheme and retired early. I WANT THAT FOR EVERY BODY, and we aint going to get it by following the present neo liberal, thatcherite system that all the political parties are following. Just that.
I was very disappointed with Dan Jarvis, myself and friends have been supporting the Freedom Riders, campaigning for South Yorkshires pensioners to continue to be allowed free train passes. SYPTE/A (whichever incarnation they take) voted to end it. SYPTE/A is made up of Cllrs from the four S. Yorks local authorities. Despite having a surplus in the budget which would more than have covered it, they voted to end it. The subsidy was a sweetener applied a few years ago because the whole of South Yorkshire paid for Sheffields Supertram, but got none of the benefits. They wouldn't even look at a £10 yearly pass, which would have actually raised more money than the subsidy, which has no bearing in commercial terms by the way, as the figure is totally arbitrary, (which I can't just pull to hand, this late at night!!) it's the same wether one pensioner journey is taken, or a million journeys are taken. All Mr Jarvis could say was that he couldn't support illegal action!!....well Dan...if it hadn't been for illegal action there wouldn't have been Trade Unions, or votes for women, or Nelson Mandela...or even the Labour Party which gives you your own comfortable seat in Parliament.
They are subjected to PAYE but as we all know theres ways and means around everything with clever book keeping
I think you only helped him with his point here.... Dugher wasn't in Mexborough with Milliband was he - or Wombwell - or anywhere near the Dearne Valley that Dugher represents. Constituency MP Michael Dugher has got such an easy job in his own constituency he has loads of free time to help out on the national trail and in marginal seats. Frankly Dugher is a low life. I voted for Geoff Ennis because I thought he was a good man and a good MP for me. Not necessarily because he was a Labour candidate - voters elect individuals. The individual is your MP not the party. Jarvis also has an easy job - although I'd be much happier with him as an MP - so no doubt he'll be in Milton Keynes or Basildon rather than pressing the flesh in town. But as you rightly point out those of us in Barnsley don't count - neither do the voters in Witney or Windsor. And for that reason I'll be spoiling my paper - or voting for the moster raving looneys - I can't bring myself to not turn up to vote or vote for someone I think is a horrible slimy tw@t - and I can't bring myself to vote for any of the other major parties either.
To be fair there are plenty of working class tradesmen that also bend the rules using clever book keeping or cash in hand payments. It's not just the domain of the rich.
Always been ways around paying tax even as a paye. . Creative accounting isnt just the remit of the self employed.
Please let me know what they are. I'm self employed and the amount I can creatively avoid is tiny as I don't get paid in cash. It's certainly not worth all the hoo har and bunkem that the media goes on about. Admittedly I can up my pension payments (or actually start making some) now to take the 25% lump sum tax free but that's years away and the rules might have changed by then - other than that I'm at a loss as to how an employee might make a significant dent on the exchequer.
From the top of my head... example salary 16k per annum. Company would cover cost of travelling to work. Eg 4k pa. So employee is essentially on a 20k wage but taxed on 16. Not quite as black and white as minds... In my old job we got 150a month in vouchers... didnt affect our wages in terms of being on a higher tax bracket etc bit it was essentially best part of 2k a year.
Travelling expenses, including car or van maintenance, petrol, insurance, etc. most other business expenses should be tax deductible. You need to talk to a tax expert there. But my experience is gained overseas so it may be different in the UK. Or emigrate.....
Unfortunately in the UK not to your normal place of work. Many other countries are the same. I have friends in Dubai and they reckon for normal joes even with no tax the high cost of living there makes it only marginally beneficial these days. What's your take.
The problem here is the high cost of accommodation, if the company gives you free accommodation then you can live quite cheaply as long as you don't get tempted by the glitz. Petrol is a fraction of the cost than the UK and there are lots of cheap eating places, most other goods are comparable in price to Europe. As an ex pat I come here to save money with an eye on retirement some day as I won't be eligible for UK pension, but I prefer to choose my own destiny rather than some pri@k in Whitehall doing it for me. Too hot in summer here but you get used to it and many places to visit not too far away, like India, Thailand, Turkey, etc. I intend retiring in Portugal some day as its still a place that retains its national identity.
Home to regular place of work ? Taxable benefit Vouchers insead of cash should also be taxable. Only based on the bare comments above though
I raised concerns with Old Town councillors (not loony concerns - fairly mundane local issues around ASB) and got nowhere.
But its OK for Londoners to swan here there and everywhere on the best transport system in the world subsidised and in a lot of cases free on the backs of the rest of the UK in the pretence it attracts visitors?. Some of these people who have worked hard all their lives but not had the breaks or good fortune as others.so much for a civilised society.
I too have done the the same ( not retired yet ) , But my Final Salary Pension Scheme bit the dust ( as did others ) Once Gordon Brown started raiding the pension funds , hence no early retirement for me !!