"Class 2 NICs to be turned into self-assessment, cutting bureaucracy for millions of workers."
Anyone know what that means?
At the moment, the self-employed have to pay Class II NICs twice a year (was quarterly) at a flat rate of £2.70 (ish?) per week. My other half is always forgetting to do so, one assumes she will only have to pay this now when she comes to file her tax return and pay outstanding tax at that time.
You give an actuary a large sum of money in return for a small sum of money every year until you die.
It means there is no chance that your pot of money will run out, so if you live a lot longer then you expect the actuary will be able to use money from people who die younger then they expected to keep on paying your pension.
You give an actuary a large sum of money in return for a small sum of money every year until you die.
It means there is no chance that your pot of money will run out, so if you live a lot longer then you expect the actuary will be able to use money from people who die younger then they expected to keep on paying your pension.
You give an actuary a large sum of money in return for a small sum of money every year until you die.
It means there is no chance that your pot of money will run out, so if you live a lot longer then you expect the actuary will be able to use money from people who die younger then they expected to keep on paying your pension.
WTF is an actuary?
Someone who thinks that accountancy is too exciting, exotic and dangerous a career.
I used to think Hoyle was a reasonable Deputy Speaker - but he is being very partisan in his handling of this. There was a lot of Labour noise during the Budget - and he let it go. Now there is Tory noise during the response and he is standing up over and over again.
I ain't the biggest fan of Ed Milliband, but what do you expect the LOTO to actually say on Budget Day? He can't respond to it directly, so he can only read from a prepared script. I can't see the point of it at all.
Mind you Milliband's "nod your head routine" is fecking pathetic.
I used to think Hoyle was a reasonable Deputy Speaker - but he is being very partial in his handling of this. There was a lot of Labour noise during the Budget - and he let it go. Now there is Tory noise during the response and he is standing up over and over again.
Not necessarily helping Ed Miliband. His over tone is sloganeering, little narrative - and that's all the more difficult when you're interrupted by the Speaker.
Simplifying, when you retire you had to give all your money to an insurance company in return for an annual income until you die. If you die the day after signing the contract that's tough luck.
I think if I had to attack, with Ed "out of touch" meme, I would on the basis Osborne is giving people opportunity for people to save £15k a year tax free, not a lot of ordinary struggling folks will see that as normal or realistic to have £15k every year to put away.
You give an actuary a large sum of money in return for a small sum of money every year until you die.
It means there is no chance that your pot of money will run out, so if you live a lot longer then you expect the actuary will be able to use money from people who die younger then they expected to keep on paying your pension.
WTF is an actuary?
Someone who thinks that accountancy is too exciting, exotic and dangerous a career.
This is truely terrible, it's just a prejudiced rant about everything Miliband doesn't like about the tories with no reference whatsoever to the budget speech just given. It's a good job no one listens, it's utterly embarrassing.
I have had essentially no good options for saving money in recent years. This budget will make getting a somewhat non-shitty return on savings possible for the first time in years. So....GOOD.
Simplifying, when you retire you had to give all your money to an insurance company in return for an annual income until you die. If you die the day after signing the contract that's tough luck.
Now you don't
Equally, you can now squander all the money and then go 'Oops' and ask the State to look after you - not sure what the intended prevention to that is other than assuming personal responsibility.
Did Miliband actually say anything about the content of the Budget? Did he mention savings? No. Did he mention duty levels? No. Did he mention anything of substance? No.
(see we can all play that game Ed!)
I appreciate it is a difficult speech to make - but he has had enough time to settle into the role and get better at it. But it seems he is going backwards in terms of style, presentation and content.
Ozzie is painting this as fiscally neutral, so somebody will have to get hit, somewhere along the line, in return for the giveaways.
The pensions change was stated to be revenue positive (it may well be). An example of a potentially popular policy raising money - the last one I can think of is the national lottery.
This is truely terrible, it's just a prejudiced rant about everything Miliband doesn't like about the tories with no reference whatsoever to the budget speech just given. It's a good job no one listens, it's utterly embarrassing.
Comments
Aren't all of them based offshore ?
Wow.
Bigger overrounds :S ?!
See below!
*Innocent Face*
Allister Heath @AllisterHeath 21s
End of compulsory annuities, end of tax punishment, massive change. Crippling attack on Labour's plans also.
Hurry up George!
You can earn £5k savings income tax free on top of your PA!
ie Pensioner earning £15,500 pays NO TAX!!!!
Amount you can put into a cash ISA almost TREBLES!
Or decide it wasn't the right day.
It seems Ed is sticking to his prepared speech, which is little to do with what Osborne said.
It is clear, Ed was going to give his speech whatever was in the budget...drawing the election lines.
https://www.gov.uk/government/speeches/chancellor-george-osbornes-budget-2014-speech
25 "billion"s
Thanks Mr Nabavi. Kerching!
2. Er...
3. That's it.
It means there is no chance that your pot of money will run out, so if you live a lot longer then you expect the actuary will be able to use money from people who die younger then they expected to keep on paying your pension.
Not sure they are getting enough FIBRE in their diets.
Radio 4 have just cut him off.
Very subdued Labour benches and the government benches are largely indifferent to Ed.
King John’s humbling centuries ago seems unimaginably distant.
A weak leader, who had risen to the top – after betraying his brother, compelled by a gang of unruly barons to sign on the dotted line.
So I will provide a grant to the Magna Carta Trust to ensure that today’s generation learn the lessons of the past.
http://blogs.telegraph.co.uk/news/files/2011/02/david-cameron_1830215c.jpg
http://cdn2.spectator.co.uk/wp-content/blogs.dir/11/files/2013/10/182640324.jpg
http://static.guim.co.uk/sys-images/Guardian/Pix/pictures/2013/3/7/1362675592090/David-Cameron-008.jpg
http://3.bp.blogspot.com/-yCjPoejuNLE/UiTdx3S74DI/AAAAAAAAFrM/zU7s_O4yDvc/s1600/DavidCameronPointFingerUK.jpg
He can't respond to it directly, so he can only read from a prepared script.
I can't see the point of it at all.
Mind you Milliband's "nod your head routine" is fecking pathetic.
Wtf has David Dimbleby got to do with this, Ed?
Now you don't
"almost double the total pension savings you can take as a lump sum to £30,000"
And what do we read into this?
"There will be consequential implications for defined benefit pensions upon which we will consult and proceed cautiously."
The pension changes are quite extraordinary. Hadn't seen that lot coming.
I think if I had to attack, with Ed "out of touch" meme, I would on the basis Osborne is giving people opportunity for people to save £15k a year tax free, not a lot of ordinary struggling folks will see that as normal or realistic to have £15k every year to put away.
*like!*
http://www.mirror.co.uk/news/uk-news/david-cameron-speech-we-finger-2331083
Ed and wee dougie are sounding more like occupy every day. Bankers, bankers, bankers.
(see we can all play that game Ed!)
I appreciate it is a difficult speech to make - but he has had enough time to settle into the role and get better at it. But it seems he is going backwards in terms of style, presentation and content.
Long may it continue!
Home run by Ozzy and a disaster for Ed?
Full of platitudes and class war rhetoric without addressing ANY of the budget measures
"Bankers Blah Blah .... Usual Tories Blah Blah ...."
Britain deserves better than Ed but the nation is stuck with him until Labour elect another LotO next year.