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Keith Cobby
Posted: 26 January 2023 16:24:15(UTC)
#13

Joined: 07/03/2012(UTC)
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Jonathan Friend;255252 wrote:
Jimmy Page;255244 wrote:
Jonathan Friend;255222 wrote:

Odd that this "think" tank considers that the answer to all these problems could be even more state intervention, don't you think?


The CEO is Torsten Bell. Was (is?) responsible for co-ordinating Labour Party policies. ex head of policy for Ed Miliband. Ex SPAD for Alistair Darling.

Why float the idea?


Sounds like Jeremy Hunt's kinda guy. Sort of lib dem labour tory type of person. All the same shower.


They all belong to the 'political class' and have much more in common than which divides them. They move effortlessly between political parties, 'think tanks', and charities. If you 'meet the team' on the RF site, you will see David (Baron) Willetts at the bottom. The Tories are simply no longer the party of aspiration, many of them (and Labour) are very wealthy and have pulled up the drawbridge. They preside over an economy which inflicts very high marginal tax rates on those who work while simultaneously paying others not to work.
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12 users thanked Keith Cobby for this post.
Newbie on 26/01/2023(UTC), Jimmy Page on 26/01/2023(UTC), low income investor on 26/01/2023(UTC), Jesse M on 26/01/2023(UTC), stephen_s on 26/01/2023(UTC), Jonathan Friend on 26/01/2023(UTC), Martina on 26/01/2023(UTC), Guest on 27/01/2023(UTC), Dexi on 27/01/2023(UTC), Alfa 2 on 28/01/2023(UTC), Spartacus on 28/01/2023(UTC), DHardisty on 31/01/2023(UTC)
Thrugelmir
Posted: 26 January 2023 16:29:23(UTC)
#22

Joined: 01/06/2012(UTC)
Posts: 5,333
LTA impacted less than 1300 people at end of 2021/22 tax year according to HMRC. As is often the case reality is vastly different to social media chat and perceptions.
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Newbie
Posted: 26 January 2023 16:39:41(UTC)
#23

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Thrugelmir;255256 wrote:
LTA impacted less than 1300 people at end of 2021/22 tax year according to HMRC. As is often the case reality is vastly different to social media chat and perceptions.

Look over a longer time-frame since it came out.
You will find that many people had been diverting monies away from pensions into other vehicles and structures over time - The money has to go somehwere !!
On the same token you will also find that it is a small percentage of the population who actually take advantage of the breaks offered by the government in the first place and it is they who get hit.
To give an example - the granddaughter of a friend who is at uni and funding herself by working part -time has already squirreled away a sizeable sum into a pension and LISA whilst the large majority of her friends are out painting the town red - or enjoying LIFE as they put it.
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7 users thanked Newbie for this post.
Jimmy Page on 26/01/2023(UTC), Nigel Harris on 26/01/2023(UTC), Jesse M on 26/01/2023(UTC), Keith Cobby on 26/01/2023(UTC), Tim D on 26/01/2023(UTC), Alfa 2 on 28/01/2023(UTC), Sara G on 28/01/2023(UTC)
Spartacus
Posted: 26 January 2023 17:06:44(UTC)
#26

Joined: 13/06/2011(UTC)
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It used to be the case that only mugs & millionaires supported the Tories, looks like the millionaires are deserting them now
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1 user thanked Spartacus for this post.
Alfa 2 on 28/01/2023(UTC)
Keith Cobby
Posted: 28 January 2023 10:03:56(UTC)
#27

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Stand easy. Hunt is considering raising the SIPP LTA, he's not likely to do this and cap ISAs.
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1 user thanked Keith Cobby for this post.
Jesse M on 28/01/2023(UTC)
lindsay Morrison2
Posted: 28 January 2023 12:45:11(UTC)
#24

Joined: 22/02/2017(UTC)
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Thrugelmir;255256 wrote:
LTA impacted less than 1300 people at end of 2021/22 tax year according to HMRC. As is often the case reality is vastly different to social media chat and perceptions.



I do not believe this statistic for one minute - if true I know 2% of them who exceeded in that year and listened to them moan!!
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1 user thanked lindsay Morrison2 for this post.
Alfa 2 on 28/01/2023(UTC)
Thrugelmir
Posted: 28 January 2023 14:30:06(UTC)
#25

Joined: 01/06/2012(UTC)
Posts: 5,333
lindsay Morrison2;255447 wrote:
Thrugelmir;255256 wrote:
LTA impacted less than 1300 people at end of 2021/22 tax year according to HMRC. As is often the case reality is vastly different to social media chat and perceptions.



I do not believe this statistic for one minute - if true I know 2% of them who exceeded in that year and listened to them moan!!


If you know 26 people then you move in circles that the majority don't.
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1 user thanked Thrugelmir for this post.
Guest on 29/01/2023(UTC)
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