| Tax Avoidance on 00:54 - May 28 with 2454 views | Boston |
Which tax specialist investment company does your Union business agent prefer? |  |
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| Tax Avoidance on 03:36 - May 28 with 2414 views | essextaxiboy |
Why? , there is no suggestion that he is personally involved in anything illegal or even immoral , and he is not the elected person .Can they not have differing views on things ? Corbyn divorced his first wife cos she wanted to send their child to private school .Very noble of course , a pity Abbot cares less about hypocrisy .. |  | | |
| Tax Avoidance on 05:35 - May 28 with 2389 views | PlanetHonneywood |
I wonder how big the expense account is, for a client relationship manager of a $1.4tn investment fund?
I'd be surprised if the 'monthly' sum wasn't far off what the 'yearly' national wage is for an average worker! |  |
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| Tax Avoidance on 07:29 - May 28 with 2330 views | BazzaInTheLoft |
| Tax Avoidance on 00:54 - May 28 by Boston |
Which tax specialist investment company does your Union business agent prefer? |
My Union doesn't make a profit, but I suppose if it invested it's money anywhere it would be back into the members it represents in the form of better wages and conditions. |  | | |
| Tax Avoidance on 07:41 - May 28 with 2314 views | davman |
So many high horses come round when an election comes round...
Is he or his company doing anything illegal right now? No.
Is she influencing policy to protect his company's investment strategy? Doesn't look like it.
...or has she identified that they are getting away with things implying that she is looking at ways or ensuring that 5hey pay what tax is due?
...Admittedly, it's words on her part and her track record of converting those to action may be poor,but she's still better than the other bloke who appears to want to stop our armed forces from doing anything in the hope that all these rogue nations decide to play nicely after all.
Can't stand election time. |  |
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| Tax Avoidance on 09:16 - May 28 with 2168 views | essextaxiboy |
| Tax Avoidance on 05:35 - May 28 by PlanetHonneywood |
I wonder how big the expense account is, for a client relationship manager of a $1.4tn investment fund?
I'd be surprised if the 'monthly' sum wasn't far off what the 'yearly' national wage is for an average worker! |
I cant see the problem , it his career , its what he has made of his education, talent , opportunity , luck , contacts all of the stuff that plays its part .
Footballers like Terry , hypocrites like Branson , blatant exploiters like Cowell all earn big money , its just business .....his business . | | | |
| Tax Avoidance on 09:32 - May 28 with 2145 views | MrSheen |
Everyone with a pension is part of a tax avoidance scheme. It's entirely likely that some of your own is managed by Capital Group, Mr May's employer. |  | | |
| Tax Avoidance on 09:49 - May 28 with 2117 views | PlanetHonneywood |
| Tax Avoidance on 09:16 - May 28 by essextaxiboy |
I cant see the problem , it his career , its what he has made of his education, talent , opportunity , luck , contacts all of the stuff that plays its part .
Footballers like Terry , hypocrites like Branson , blatant exploiters like Cowell all earn big money , its just business .....his business . |
I think you missed the point! | |
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| Tax Avoidance on 10:16 - May 28 with 2085 views | ted_hendrix |
| Tax Avoidance on 09:32 - May 28 by MrSheen |
Everyone with a pension is part of a tax avoidance scheme. It's entirely likely that some of your own is managed by Capital Group, Mr May's employer. |
I'm approaching my 67th year on this planet, still working full time and paying 45% tax each Month on my pensions which I decided to take on my 65th birthday.
The tax man giveth and the tax man taketh away. |  |
| My Father had a profound influence on me, he was a lunatic. |
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| Tax Avoidance on 10:42 - May 28 with 2028 views | jonno |
Tax AVOIDANCE is legal. Tax EVASION is what is illegal. |  | | |
| Tax Avoidance on 11:05 - May 28 with 1998 views | BazzaInTheLoft |
My issue isn't one of legality.
I never accused him of doing anything illegal and plenty of things are legal that shouldn't be.
I know it's a cliche but until relatively recently it was still legal to stop Irish or black people renting your rooms or having jobs in your business.
It's more about ethics..
It's not ethical to avoid tax through loopholes, especially when the gatekeeper to those loopholes is your wife.
I don't want to be governed by a cabinet that is saturated by tax avoiding husbands, brothers, friends, and donors, legal or not.
I want former teachers, nurses, cleaners, who know the needs of the 99%. Or at least try to to find them out.
[Post edited 28 May 2017 11:12]
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| Tax Avoidance on 11:27 - May 28 with 1966 views | DWQPR |
| Tax Avoidance on 10:16 - May 28 by ted_hendrix |
I'm approaching my 67th year on this planet, still working full time and paying 45% tax each Month on my pensions which I decided to take on my 65th birthday.
The tax man giveth and the tax man taketh away. |
Ted, with all due respect if you are still working and taking your pension and paying 45% tax on the funds then your total gross income will be well above £150,000. Unless it is your state pension you are referring to what the hell are you doing taking pension benefits? And if you are only alluding to your state pension then get the tax back by putting the payments back into pension funds, they are now the perfect vehicle for inheritance tax planning as long as you don't think that tax avoidance is wrong. | |
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| Tax Avoidance on 11:31 - May 28 with 1957 views | DWQPR |
| Tax Avoidance on 09:32 - May 28 by MrSheen |
Everyone with a pension is part of a tax avoidance scheme. It's entirely likely that some of your own is managed by Capital Group, Mr May's employer. |
Exactly. Trouble is that some people don't understand the difference between tax avoidance and tax evasion. Pensions, ISA's, VCT's, EIS's, investment bonds either onshore or offshore and even your humble deposit account are all tax avoidance products. Nothing wrong with any of them, all legal, all made away of to HMRC, just a poorly made point by an ill-informed individual. Even Teresa May's care planning scheme will have tax benefits for those who have the brains to realise. | |
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| Tax Avoidance on 11:37 - May 28 with 1950 views | BazzaInTheLoft |
| Tax Avoidance on 11:31 - May 28 by DWQPR |
Exactly. Trouble is that some people don't understand the difference between tax avoidance and tax evasion. Pensions, ISA's, VCT's, EIS's, investment bonds either onshore or offshore and even your humble deposit account are all tax avoidance products. Nothing wrong with any of them, all legal, all made away of to HMRC, just a poorly made point by an ill-informed individual. Even Teresa May's care planning scheme will have tax benefits for those who have the brains to realise. |
I know the difference.
Presuming we agree pensions are a good thing, and a necessary thing, is it right to make a profit from them?
That profit could go back to recipients.
Making money from no money isn't a particularly useful talent in the grand scheme of things, especially when it only goes on to a handful and not all citizens of the state. [Post edited 28 May 2017 11:40]
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| Tax Avoidance on 11:41 - May 28 with 1944 views | Watford_Ranger |
Isn't the point that there is potentially a conflict of interest? The more tax Starbucks etc. are able to avoid, the higher their profits and the more money made by Mr May (in theory).
I'm not saying he should be made to leave the role, just that there's potentially a conflict of interest there looking at it very simplistically without reading much beyond the OP here. | | | |
| Tax Avoidance on 13:21 - May 28 with 1874 views | MrSheen |
| Tax Avoidance on 11:37 - May 28 by BazzaInTheLoft |
I know the difference.
Presuming we agree pensions are a good thing, and a necessary thing, is it right to make a profit from them?
That profit could go back to recipients.
Making money from no money isn't a particularly useful talent in the grand scheme of things, especially when it only goes on to a handful and not all citizens of the state. [Post edited 28 May 2017 11:40]
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Pensions are a necessary thing, but so are toothpaste and gas boilers. Should no-one be allowed to make a profit from them either?
As it happens, without giving too much away, I work for a pension fund management company that was set up by a former nationalised industry to run its own scheme and is still owned by the fund, even though we have other clients too. We have trade union appointees on our board, and they are as interested in fund performance as any to the other directors. If we don't do a good job, they would readily take the money back and give it to another manager, even if it meant them losing their profit stream. | | | |
| Tax Avoidance on 14:02 - May 28 with 1825 views | essextaxiboy |
| Tax Avoidance on 09:49 - May 28 by PlanetHonneywood |
I think you missed the point! |
I have posted twice on this thread , if I have missed it twice please explain ...  | | | |
| Tax Avoidance on 14:23 - May 28 with 1804 views | derbyhoop |
I managed to avoid tax last year.
I didn't earn enough to pay any.😕 |  |
| Travel is fatal to prejudice, bigotry and narrow-mindedness, and many of our people need it sorely on these accounts. Broad, wholesome, charitable views of men and things cannot be acquired by vegetating in one little corner of the Earth all one’s lifetime. (Mark Twain)
Find me on twitter @derbyhoop |
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| Tax Avoidance on 14:30 - May 28 with 1796 views | TGRRRSSS |
| Tax Avoidance on 10:16 - May 28 by ted_hendrix |
I'm approaching my 67th year on this planet, still working full time and paying 45% tax each Month on my pensions which I decided to take on my 65th birthday.
The tax man giveth and the tax man taketh away. |
Tax man is a cnt!!! 
Problem is all animals are equal - but some are more equal than others. |  | | |
| Tax Avoidance on 14:36 - May 28 with 1787 views | essextaxiboy |
| Tax Avoidance on 11:27 - May 28 by DWQPR |
Ted, with all due respect if you are still working and taking your pension and paying 45% tax on the funds then your total gross income will be well above £150,000. Unless it is your state pension you are referring to what the hell are you doing taking pension benefits? And if you are only alluding to your state pension then get the tax back by putting the payments back into pension funds, they are now the perfect vehicle for inheritance tax planning as long as you don't think that tax avoidance is wrong. |
Exactly , Put some straight back.in or and buy y a VCT and get 30% relief . | | | |
| Tax Avoidance on 16:48 - May 28 with 1721 views | ted_hendrix |
| Tax Avoidance on 11:27 - May 28 by DWQPR |
Ted, with all due respect if you are still working and taking your pension and paying 45% tax on the funds then your total gross income will be well above £150,000. Unless it is your state pension you are referring to what the hell are you doing taking pension benefits? And if you are only alluding to your state pension then get the tax back by putting the payments back into pension funds, they are now the perfect vehicle for inheritance tax planning as long as you don't think that tax avoidance is wrong. |
Mate, I'll try to explain,
I was due to retire July 2015 and fully intended to, prior to my impending retirement our Company closed our final salary pension scheme so I took the cash lump sum and the pension (I also have another private pension as well as the government one).
However being that I have been with my Company for 37 Years and on a watertight contract I carried on working with the knowledge that I could 'knock it on the head anytime'.
And that's what I've done just carried on working, my Company benefits are bloody huge if i'm honest and just to good to at the moment to kick into touch, as long as I wake up each morning and feel ok I'll carry on but I'll know when I've had enough.
Since July 2015 when I should have retired I signed up with my Company for a new pension scheme that now has a fair old amount in it, I pay 8% of my salary into it and my Company pays 12% into it, also where on earth could a bloke like me at the age of nearly 67 get life insurance that pays my Missus a tax free lump sum of ten times my annual salary and a bloody pension as well.
I dunno half the time whats best, the fact that I haven't paid Monthly NI contributions since July 2015 offsets the tax I'm having to pay to a degree at least.
The 45% tax is on my private pension and my old final salary pension that I'm getting from my current Company, It's an arse but it is what it is. | |
| My Father had a profound influence on me, he was a lunatic. |
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| Tax Avoidance on 17:04 - May 28 with 1700 views | DWQPR |
| Tax Avoidance on 16:48 - May 28 by ted_hendrix |
Mate, I'll try to explain,
I was due to retire July 2015 and fully intended to, prior to my impending retirement our Company closed our final salary pension scheme so I took the cash lump sum and the pension (I also have another private pension as well as the government one).
However being that I have been with my Company for 37 Years and on a watertight contract I carried on working with the knowledge that I could 'knock it on the head anytime'.
And that's what I've done just carried on working, my Company benefits are bloody huge if i'm honest and just to good to at the moment to kick into touch, as long as I wake up each morning and feel ok I'll carry on but I'll know when I've had enough.
Since July 2015 when I should have retired I signed up with my Company for a new pension scheme that now has a fair old amount in it, I pay 8% of my salary into it and my Company pays 12% into it, also where on earth could a bloke like me at the age of nearly 67 get life insurance that pays my Missus a tax free lump sum of ten times my annual salary and a bloody pension as well.
I dunno half the time whats best, the fact that I haven't paid Monthly NI contributions since July 2015 offsets the tax I'm having to pay to a degree at least.
The 45% tax is on my private pension and my old final salary pension that I'm getting from my current Company, It's an arse but it is what it is. |
Ted, given that you are taking your private pension, and if you don't need the money then don't take it, especially given that you can pass the remaining funds onto your children, (assuming that you haven't bought an annuity. If the pension is in drawdown but not under the new flexi-access rules you would be able to make maximum pension contributions of up to £40,000 a year with tax relief at your marginal rate, which should be mainly 40%, and even though it sounds as if making these contributions also mean that you probably wouldn't even need these additional pension funds, especially given 37 years in a final salary scheme, these are funds that again can be passed onto your kids, and free from any IHT calculation. | |
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| Tax Avoidance on 17:18 - May 28 with 1687 views | essextaxiboy |
| Tax Avoidance on 16:48 - May 28 by ted_hendrix |
Mate, I'll try to explain,
I was due to retire July 2015 and fully intended to, prior to my impending retirement our Company closed our final salary pension scheme so I took the cash lump sum and the pension (I also have another private pension as well as the government one).
However being that I have been with my Company for 37 Years and on a watertight contract I carried on working with the knowledge that I could 'knock it on the head anytime'.
And that's what I've done just carried on working, my Company benefits are bloody huge if i'm honest and just to good to at the moment to kick into touch, as long as I wake up each morning and feel ok I'll carry on but I'll know when I've had enough.
Since July 2015 when I should have retired I signed up with my Company for a new pension scheme that now has a fair old amount in it, I pay 8% of my salary into it and my Company pays 12% into it, also where on earth could a bloke like me at the age of nearly 67 get life insurance that pays my Missus a tax free lump sum of ten times my annual salary and a bloody pension as well.
I dunno half the time whats best, the fact that I haven't paid Monthly NI contributions since July 2015 offsets the tax I'm having to pay to a degree at least.
The 45% tax is on my private pension and my old final salary pension that I'm getting from my current Company, It's an arse but it is what it is. |
If you dont need it could you suspend income from the private pension? , almost half of it is not reaching you .
You can pay 3600 gross into a pension for Mrs Ted even if she is not working and get 20% of that back at least . | | | |
| Tax Avoidance on 20:50 - May 28 with 1607 views | Brightonhoop |
| Tax Avoidance on 11:27 - May 28 by DWQPR |
Ted, with all due respect if you are still working and taking your pension and paying 45% tax on the funds then your total gross income will be well above £150,000. Unless it is your state pension you are referring to what the hell are you doing taking pension benefits? And if you are only alluding to your state pension then get the tax back by putting the payments back into pension funds, they are now the perfect vehicle for inheritance tax planning as long as you don't think that tax avoidance is wrong. |
 'ere Ted. Lend us a fiver.  |  | | |
| Tax Avoidance on 21:12 - May 28 with 1590 views | smegma |
| Tax Avoidance on 10:16 - May 28 by ted_hendrix |
I'm approaching my 67th year on this planet, still working full time and paying 45% tax each Month on my pensions which I decided to take on my 65th birthday.
The tax man giveth and the tax man taketh away. |
So that fella Jesus is a tax man now ??? | | | |
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