Oh Dear

Discussion in 'Bulletin Board' started by arabian_ian, May 25, 2024.

Page 11 of 12
  1. She

    Sheriff Well-Known Member

    Joined:
    Dec 31, 2006
    Messages:
    3,090
    Likes Received:
    5,612
    Trophy Points:
    113
    Home Page:
    Style:
    Barnsley (full width)
    Sheriff, May 28, 2024
    #201
  2. She

    Sheriff Well-Known Member

    Joined:
    Dec 31, 2006
    Messages:
    3,090
    Likes Received:
    5,612
    Trophy Points:
    113
    Home Page:
    Style:
    Barnsley (full width)
    Sheriff, May 28, 2024
    #202
  3. Gre

    Greybeard Member

    Joined:
    Aug 21, 2011
    Messages:
    99
    Likes Received:
    97
    Trophy Points:
    18
    Style:
    Barnsley (full width)
    You might want to check, but I don’t believe pension credit is subject to tax.
     
    Greybeard, May 28, 2024
    #203
  4. x11barnsley

    x11barnsley Well-Known Member

    Joined:
    Jan 1, 2019
    Messages:
    5,397
    Likes Received:
    4,835
    Trophy Points:
    113
    Gender:
    Male
    Occupation:
    Retired
    Location:
    Wakefield
    Style:
    Barnsley (full width)
    That is correct as far as I know
     
    x11barnsley, May 28, 2024
    #204
    Gimson&theBarnsleys likes this.
  5. Shy Talk

    Shy Talk Well-Known Member

    Joined:
    Jul 30, 2005
    Messages:
    7,742
    Likes Received:
    4,452
    Trophy Points:
    113
    Location:
    Tarn
    Home Page:
    Style:
    Barnsley (full width)
    State Pension is deducted from Personal Allowance so if you have an additional source of income you pay additional tax on that when State Pension rises.
    So State Pension IS subject to tax, through the back door.
     
    Shy Talk, May 28, 2024
    #205
    anstonred and Hooky feller like this.
  6. x11barnsley

    x11barnsley Well-Known Member

    Joined:
    Jan 1, 2019
    Messages:
    5,397
    Likes Received:
    4,835
    Trophy Points:
    113
    Gender:
    Male
    Occupation:
    Retired
    Location:
    Wakefield
    Style:
    Barnsley (full width)
    Yes
     
    x11barnsley, May 28, 2024
    #206
    anstonred likes this.
  7. dreamboy3000

    dreamboy3000 Well-Known Member

    Joined:
    Oct 20, 2005
    Messages:
    55,559
    Likes Received:
    22,994
    Trophy Points:
    113
    Location:
    DB3K Towers
    Style:
    Barnsley (full width)
    dreamboy3000, May 28, 2024
    #207
  8. Farnham_Red

    Farnham_Red Administrator Staff Member Admin

    Joined:
    Jul 18, 2005
    Messages:
    33,879
    Likes Received:
    23,157
    Trophy Points:
    113
    Location:
    Farnham
    Style:
    Barnsley
    Why does he keep getting a disproportionate amout of air time - always fails to get elected when he stands
    His party - well company actually - has never had an elected MP only got one cos they switched sides
    Compared to the time the greens get or even the lib dems its all out of proportion
     
    Farnham_Red, May 28, 2024
    #208
    anstonred, KamikazeCo-Pilot, JLWBigLil and 5 others like this.
  9. churtonred

    churtonred Well-Known Member

    Joined:
    Sep 3, 2011
    Messages:
    11,003
    Likes Received:
    17,635
    Trophy Points:
    113
    Gender:
    Male
    Location:
    Dingle. No, really!
    Style:
    Barnsley (full width)
    churtonred, May 28, 2024
    #209
    anstonred, ScubaTyke, JLWBigLil and 2 others like this.
  10. winged avenger

    winged avenger Well-Known Member

    Joined:
    Aug 15, 2016
    Messages:
    1,885
    Likes Received:
    3,004
    Trophy Points:
    113
    Style:
    Barnsley (full width)
    When my state pension goes up,my pit pension is taxed more
     
    winged avenger, May 28, 2024
    #210
    anstonred, Shy Talk, Cowboy and 3 others like this.
  11. Tyk

    Tyketical Masterstroke Well-Known Member

    Joined:
    Aug 9, 2011
    Messages:
    8,695
    Likes Received:
    11,328
    Trophy Points:
    113
    Occupation:
    Dry buumer
    Style:
    Barnsley (full width)
    You shouldnt have eaten so much avocado toast ;-)
     
    Tyketical Masterstroke, May 28, 2024
    #211
  12. arabian_ian

    arabian_ian Well-Known Member

    Joined:
    Feb 13, 2013
    Messages:
    13,630
    Likes Received:
    15,073
    Trophy Points:
    113
    Gender:
    Male
    Occupation:
    Retired
    Location:
    Broughty Ferry
    Style:
    Barnsley (full width)
    I’m in the same boat with my works pension.
    Govt gave us a 10% rise but that only meant I paid more in tax.
    So the 10% rise in income meant only a 5%rise in my pocket.
     
    arabian_ian, May 28, 2024
    #212
    anstonred and winged avenger like this.
  13. Gimson&theBarnsleys

    Gimson&theBarnsleys Well-Known Member

    Joined:
    Dec 9, 2005
    Messages:
    6,838
    Likes Received:
    5,488
    Trophy Points:
    113
    Style:
    Barnsley (full width)
    Thanks both; I'll bear this in mind when sorting out his tax affairs. ( Is it bear or bare?)
     
    Gimson&theBarnsleys, May 28, 2024
    #213
  14. Gimson&theBarnsleys

    Gimson&theBarnsleys Well-Known Member

    Joined:
    Dec 9, 2005
    Messages:
    6,838
    Likes Received:
    5,488
    Trophy Points:
    113
    Style:
    Barnsley (full width)
    This. Stop giving him air time.
     
    Gimson&theBarnsleys, May 28, 2024
    #214
    anstonred likes this.
  15. x11barnsley

    x11barnsley Well-Known Member

    Joined:
    Jan 1, 2019
    Messages:
    5,397
    Likes Received:
    4,835
    Trophy Points:
    113
    Gender:
    Male
    Occupation:
    Retired
    Location:
    Wakefield
    Style:
    Barnsley (full width)
    It’s Behr as in Dani ….. !!!!
     
    x11barnsley, May 28, 2024
    #215
    Stephen Dawson likes this.
  16. cudeth red

    cudeth red Well-Known Member

    Joined:
    Feb 16, 2018
    Messages:
    2,017
    Likes Received:
    1,643
    Trophy Points:
    113
    Gender:
    Male
    Occupation:
    van driver
    Location:
    cudeth
    Style:
    Barnsley (full width)
    Very true
     
    cudeth red, May 28, 2024
    #216
  17. cudeth red

    cudeth red Well-Known Member

    Joined:
    Feb 16, 2018
    Messages:
    2,017
    Likes Received:
    1,643
    Trophy Points:
    113
    Gender:
    Male
    Occupation:
    van driver
    Location:
    cudeth
    Style:
    Barnsley (full width)
    Ditto
     
    cudeth red, May 28, 2024
    #217
  18. Hooky feller

    Hooky feller Well-Known Member

    Joined:
    Jul 11, 2016
    Messages:
    15,696
    Likes Received:
    17,929
    Trophy Points:
    113
    Occupation:
    Retired, full time grandad.
    Location:
    Mapp.
    Style:
    Barnsley (full width)
    That's the trouble with annuity or works pensions mate. Fortunately (for me personally. Others may choose differently and take an annuity) I was able to take mine under the flexi Draw down scheme.
    When the state pension rose I was able to reduce my taxable pot (crystalised) amount to the level of personal allowance. And increased my tax free sum to compensate. I did not take all my available tax free lump sum in one go. (Uncrystalised) it's still not perfect. And I take a risk of it crashing as often it does. (Covid and War in ukraine being examples, recovering over time)
    The risks are most personal pensions nowadays run by employers, are stakeholder schemes and are tied to stocks and shares. ( you can choose your own risk and if you wish you can go down the ethical route choosing to opt out of companies you may not feel comfortable with. Eg Oil. ). So are reliant on the market. No guarantees. (That I'm aware of)
    Another plus. The pots do not die with me. So none of the usual 50% widows reduction. And if we both croak it b4 we are 75. The pots go to next of kin. Tax free. Taxable if we live beyond 75.
     
    Last edited: May 28, 2024
    Hooky feller, May 28, 2024
    #218
  19. Stephen Dawson

    Stephen Dawson Well-Known Member

    Joined:
    Apr 25, 2018
    Messages:
    32,535
    Likes Received:
    28,346
    Trophy Points:
    113
    Gender:
    Male
    Style:
    Barnsley (full width)
    upload_2024-5-28_23-50-45.png
     
    Stephen Dawson, May 28, 2024
    #219
  20. JamDrop

    JamDrop Well-Known Member

    Joined:
    Mar 30, 2013
    Messages:
    17,972
    Likes Received:
    18,252
    Trophy Points:
    113
    Location:
    Leeds
    Style:
    Barnsley (full width)
    Sorry it’s from that rag. It is a screenshot though so no extra click revenue.

    IMG_7218.jpeg

    Yesterday, Labour posted a video of a young England player (forgot who now) scoring a goal and then said he would have been on National Service instead. Today, we get this. I mean, I love football, obviously, but do they really think this one exception is the most important one that could exist? Young carers still have to do it, those with full time jobs have to do it, those training to be nurses have to do it, it’s unclear if internationals from the other home nations have to do it, but 18 years old England players apparently won’t.
     
    JamDrop, May 30, 2024
    #220
    Hooky feller, churtonred and RichK like this.
Page 11 of 12

Share This Page