Originally posted by Gonzo
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Should I open another ISA today, before the end of this financial year?
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Originally posted by AtW View PostEh? Gordon Brown is guilty of many things but it's not his fault BoE keeps rates at near zero - hence returns on risky investments are too low even if tax taken into account.Comment
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Originally posted by AtW View PostEh? Gordon Brown is guilty of many things but it's not his fault BoE keeps rates at near zero - hence returns on risky investments are too low even if tax taken into account.
Back in the 1990s, income generated from investments in the stock market was received with a 20% (basic tax rate) tax credit. Gordon reduced this to 10% (that on its own did not make a difference, companies still paid corporation tax at the company rate and the 10% tax credit satisfied the tax liability for all basic rate tax payers even if they were 25% tax payers).
However, non tax payers - that includes Individual Savings Accounts (ISA), Pensions and low earners used to be able to reclaim those tax credits from HMRC.
They can't now, Gordon took that away so it is entirely fair to blame him for that.Comment
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Originally posted by Gonzo View PostThey can't now, Gordon took that away so it is entirely fair to blame him for that.
Big ****ing deal when ConDems keep rates at 0.5% when they should have been at least 10 times more - this means they took away 90% of interest you and every saver should have been receiving on their saved money.
Personally I think there should be no tax on interest on savings just to encourage them, but having tax credit on that is a step too far - you want to get paid to save ffs?Comment
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Originally posted by AtW View PostOk, let's say Gordon the Devil Brown took away 10% tax credit.
Big ****ing deal when ConDems keep rates at 0.5% when they should have been at least 10 times more - this means they took away 90% of interest you and every saver should have been receiving on their saved money.
Personally I think there should be no tax on interest on savings just to encourage them, but having tax credit on that is a step too far - you want to get paid to save ffs?
I give you new labour's bigest f3ck up.Comment
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Best best, open a self selecting share ISA, such as with SelfTrade, put the lot in one AIM share, big clue - xcite energy. Come back in a year and it will have trebled.Comment
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Originally posted by minestrone View PostA Russian who refuses to pay his TV licence is lecturing the UK populace on tax.Comment
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The clue's in the name, 'license'.Originally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
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Is it better to save all the money up for a stock and share ISA then dump it in in one go? Or standing order each month?Comment
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Originally posted by russell View PostIs it better to save all the money up for a stock and share ISA then dump it in in one go? Or standing order each month?nomadd liked this postComment
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