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Recent content by escapeUK
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Horrors of their first budget.
Yes. its obscene. Benefits should be capped at the minimum wage. Even that is too much. -
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Horrors of their first budget.
Yes and no. Pension entitlement is the lower earnings limit which is currently £6,396. Its always a good idea to retain a bit in the company so you can continue to hit this minimum during any off time, unless of course you already have enough years. -
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Horrors of their first budget.
It does seem like it. I was concerned about dividend tax, but not even mentioned. I'm not happy having to pay £500 extra NI, but like you imply could be worse. Also no mention of interest tax allowance. -
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Horrors of their first budget.
That's a choice. Nothing wrong with weetabix, shredded wheat. Although a bit more sugar, I quite like shreddies. Doesn't have to be frosties does it? The trouble is scroungers have kids, get child benefit that they spend on cigs and tattoos, then expect tax payers to pay for the kids... -
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Horrors of their first budget.
Income tax thresholds to remain frozen until tax year 28/29. More money for scroungers who have children and give them no breakfast. Who cannot afford some cereal and milk? -
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Horrors of their first budget.
This might affect those of you who are rentiers who decide to sell: "We are increasing the stamp-duty land tax surcharge for second-homes known as the ‘Higher Rate for Additional Dwellings’ by 2 percentage points, to 5%, which will come into effect from tomorrow. " -
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Horrors of their first budget.
No. Employment allowance does not apply to limited companies with only one employee (or director), or where employees are directors. -
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Horrors of their first budget.
But do you pay yourself a wage upto the NI limit? If so that now becomes £5000 a year. So therefore you'll be paying more as dividends and therefore more div tax. Which she hasn't announced yet. -
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Horrors of their first budget.
Employment allowance to increase. unsure this applies to us. Will need to research. "Today, we will increase the lower rate of Capital Gains Tax from 10% to 18%, and the Higher Rate from 20% to 24%" -
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Horrors of their first budget.
No increase to employee NI, income tax, or VAT. Claims working people will not see a change in their pay slips from this budget. But employer's NI increased by 1.2%, to 15% from April 2025, and secondary threshold reduced to £9,100 to £5,000!!!! OUCH OUCH OUCH! This is a big one for us who are... -
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Horrors of their first budget.
“I can confirm that we will accept the Low Pay Commission recommendation to increase the National Living Wage by 6.7% to £12.21 an hour, worth up to £1,400 a year for a full-time worker. “And for the first time, we will move towards a single adult rate, phased in over time, by initially... -
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Horrors of their first budget.
Gov gives themselves direct access to bank accounts to catch benefit fraudsters. Modernizing HMRC systems and recruit more staff. Clamp down on umbrella companies -
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Horrors of their first budget.
Bank clerk pretending to be Chancellor says this budget raises taxes by 40 Billion! -
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On a scale of 1 to 10, we're Fcked!
Today is the day people realise just how bad its going to be and start plotting to overthrow them. Hargreaves Lansdown have a great system where you can keep your savings with them, yet you have access to other banks rates via their website. Its called Active Savings. The ISA works the same...
