- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Debt woes
Collapse
X
-
-
Originally posted by VectraMan View PostI think people often forget that the publicised £6K or even £9K a year isn't "all inclusive".
I owed about £2K by the time I left university and that seemed scary at the time and that was with the government paying me to go.
It seems to me a graduate tax would be a better solution, or at least a less bad solution. Pay a slightly higher rate of income tax for the rest of your life in exchange for free further education and a grant.Comment
-
Originally posted by pr1 View PostThat's exactly what it is, if you don't earn you don't pay - and you pay 9% of your earnings over 21k (now) - lots will never pay it off in their working life (and that's accounted for) - I read somewhere they only expect about 60p of every £1 loaned to get repaidWill work inside IR35. Or for food.Comment
-
Originally posted by VectraMan View PostYes I know it amounts to the same thing, but calling it a debt is an overwhelmingly negative thing as you see from the reactions to people being £50K "in debt" by the time they're 21. Even if you never repay you still have that debt hanging over you.Comment
-
Originally posted by BrilloPad View PostWhen you are 50 the debt is written off. So that is okay then.The greatest trick the devil ever pulled was convincing the world that he didn't existComment
-
Was one of the lucky ones. Despite attending university twice (yes Monday and Tuesday) I never had to use a student loan. But then I remember in the summer I spent 3 months cutting grass for the council which I'd calculated up to my general allowance before tax and would use for accommodation during the semester whilst living with mother and how skint they were."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
-
Originally posted by BrilloPad View PostAnyone who bought in 1989 only had to wait until 1998 to have made their money back and 2003 to have doubled.
In London prices never went down.....
And if you have a growing family being stuck in a studio or one bed flat is hardly ideal."You’re just a bad memory who doesn’t know when to go away" JRComment
-
Originally posted by SueEllen View PostPrices did go down in London.
And if you have a growing family being stuck in a studio or one bed flat is hardly ideal.Comment
-
Originally posted by LondonManc View PostI left uni having made a profit by working a Saturday job in the first year then full summers of night shifts between the other years. Obviously no fees back in the early 90s but no grants either.
BTW I know some of you only have siblings within a decade of your age and/or only hang out with people your own age - I don't."You’re just a bad memory who doesn’t know when to go away" JRComment
-
Originally posted by SueEllen View PostThere were grants in the early 90s - if you didn't get one your parents were too rich, weren't divorced or self-employed.
BTW I know some of you only have siblings within a decade of your age and/or only hang out with people your own age - I don't.The greatest trick the devil ever pulled was convincing the world that he didn't existComment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Autumn Budget 2024: Reeves raids contractor take-home pay Today 14:11
- How Autumn Budget 2024 affects homes, property and mortgages Today 09:23
- Autumn Budget 2024: Reeves raids contractor take-home pay Today 09:20
- Autumn Budget 2024: Umbrella companies hit, Employer NICs hiked, and BADR heading for 18% Yesterday 16:54
- Autumn Budget 2024: chancellor’s full speech Yesterday 16:34
- RecExpo got told this about Labour’s Employment Rights Bill… Yesterday 09:10
- A limited company just got one over HMRC on VAT; here’s how Oct 29 09:24
- Top 5 Autumn Budget areas for IT contractors to tick off Oct 28 09:30
- Top 5 umbrella company expenses things to still do in 2024 under 2016's T&S rules Oct 24 08:21
- PGMOL ties up Mutuality but Control’s new low bar is a concern set to run and run Oct 23 08:10
Comment