Keir Starmer at it again..

[AndyWolves]

I think share save is still subject to income tax and CGT so I don't think there is much saving from an overall tax perspective.

I just think companies will stop offering salary sacrifice and then individuals will have to claim back the higher and additional rate income tax, it's not widely known that you need to do this so a bunch of people don't (and won't) - meaning more income for the govt by stealth.

 

[Tredman]

Just picked up a new bike on salsac last week

Can't argue really, it's my 4th and everyone does it to reduce tax. At least I avoided the car scheme.

Stuff like this, together with the mooted 2% increase on 75k+ is what a labour government should be doing.

 

[Paddingtonwolf]

I think share save is still subject to income tax and CGT so I don't think there is much saving from an overall tax perspective.

I just think companies will stop offering salary sacrifice and then individuals will have to claim back the higher and additional rate income tax, it's not widely known that you need to do this so a bunch of people don't (and won't) - meaning more income for the govt by stealth.

Share save isn't subject to tax on the disposal of the shares at all. That's why the monthly contribution is limited.

Executive schemes with CGT as opposed to IHT is a significant saving to a higher rate tax payer.

 

[AndyWolves]

Share save isn't subject to tax on the disposal of the shares at all. That's why the monthly contribution is limited.

Executive schemes with CGT as opposed to IHT is a significant saving to a higher rate tax payer.

I thought you paid into share save after income tax was taken? I guess I'm wrong though

Edit. I'm totally wrong, need to do some reading

 

[Tredman]

I thought you paid into share save after income tax was taken? I guess I'm wrong though

There are different types of schemes. Those you pay gross need to have shares in for a period of time if you are not to pay tax (4 years IIRC)

 

[visage]

Reeves eyes clampdown on salary sacrifice in latest stealth tax on high earners

Reeves is preparing to tighten the rules on salary sacrifice schemes in what would amount to a stealth tax raid on pension savings

www.cityam.com

I think if they do this then there is little point firms offering salary sacrifice, and any rise in costs will be passed onto employees via smaller matches etc

Fwiw I don't think it's right people can SS to get benefits like child benefit and 30 free hours. But I also think the cliff edge at 100k (which hasn't moved since 2011 ISH) needs fixing

Im fortunate enough (and I dont deny this) to have gone through the cliff edge. And at the time it did grate that every quid I got in pay rise, 60% went to the government.

But I still agree with the statement that 'tax is the price you pay to live in a civilised society'. And if someone goes from, say, 100k to 110k and 'only' sees an extra 4k in their pay packet, well, suck it up. You're still better off than 99% of people who would quite like an extra 300 quid a month.

 

[AndyWolves]

I agree with the above, but I also disagree with the boundary not moving since 2010-2011.

Todays equivalent figure would be £155k.

Far more people are getting caught in this (and other tax brackets) fiscal drag year on year and it's making people relatively poorer Vs background inflation.

 

[Paddingtonwolf]

There are different types of schemes. Those you pay gross need to have shares in for a period of time if you are not to pay tax (4 years IIRC)

You dont need to hold the shares for even a second for a Share Save. The saving period counts as the trust period for tax purposes, and is either 3 or 5 years. The shares dont exist until exercise but you have a savings contract for the required taxation period

 

[Wolftone]

Didn't know where to put this but....
I look at Sky news on the mobile most mornings, there has been a definite and noticeable shift to the right with their headlines over the last couple of weeks.
Just saying.

 

[Elephant Pyjamas]

Over the last couple of weeks???

It's Murdoch owned, its always had a right wing bias. If it is even more bias recently God helps us.

 

[sycophantia]

Let's face it all mainstream media is varying degrees of right wing apart from the BBC and the Guardian.
Also the Mirror.

 

[EpsomWolf]

I’m surprised people are still paying much attention to mainstream media. That’s not an anti position btw, just how I thought things had evolved. I check in with the Beeb for news, have a shufti on here, then try to avoid the echo chambers and the one-dimensional crap they try to pump us with as much as possible.

 

[sycophantia]

I’m surprised people are still paying much attention to mainstream media. That’s not an anti position btw, just how I thought things had evolved. I check in with the Beeb for news, have a shufti on here, then try to avoid the echo chambers and the one-dimensional crap they try to pump us with as much as possible.

Trouble is, if you dont get your current affairs news from the BBC or similar, you're at the mercy of SM which is completely unbalanced. The BBC is far from perfect but imo it's the best we have. As Ive said before, I know a few centre right people who think it's biased towards the left and people who are left of centre think it's biased towards the right. That's suggests to me it's relatively even handed.

 

[Del Woppio]

I wonder if Starmer will sue Fox News, X and Musk personally for the bullshit they spout about our country? Or even JD Vance for saying we'll be the first islamic state with nuclear capability?

The Panarama edit was terrible tbh, should never have been allowed to get through, but I massively object to taking lessons truthfulness from Donald Bastard Trump

 

[EpsomWolf]

Trouble is, if you dont get your current affairs news from the BBC or similar, you're at the mercy of SM which is completely unbalanced. The BBC is far from perfect but imo it's the best we have. As Ive said before, I know a few centre right people who think it's biased towards the left and people who are left of centre think it's biased towards the right. That's suggests to me it's relatively even handed.

Yes, agree with that.

Funnily enough I don’t have an issue with the bbc itself, and think people see what they want to see. My ex-Met copper FiL is a fucking embarrassment shouting at Question Time or whatever but its clear there are high profile employees there on both sides struggling to not let their political leanings leak out.

I think it does a reasonable job overall. but it is certainly struggling to keep the work of those with fierce partisan views and disdain for the other side impartial. That’s a tough one and probably something that’s not going to get any easier.

 

[Elephant Pyjamas]

Unemployment up to a post pandemic high.

 

[Wolftone]

Over the last couple of weeks???

It's Murdoch owned, its always had a right wing bias. If it is even more bias recently God helps us.

It's owned by Comcast since 2018. It would normally be left leaning (in my opinion).
Sky news Australia is right leaning.
That's not owned by comcast.
I think when people say left or right leaning it depends on your starting point.

 

[Tredman]

Seems like Adolf is the starting point these days.

 

[Elephant Pyjamas]

It's owned by Comcast since 2018. It would normally be left leaning (in my opinion).
Sky news Australia is right leaning.
That's not owned by comcast.
I think when people say left or right leaning it depends on your starting point.

I had absolutely no idea..or it just escaped my mind.

I hadnt noticed a huge difference!

 

[leedswolf]

It's owned by Comcast since 2018. It would normally be left leaning (in my opinion).
Sky news Australia is right leaning.
That's not owned by comcast.
I think when people say left or right leaning it depends on your starting point.

Comcast are looking to acquire ITV I believe.