Frank Hovis

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About Frank Hovis

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    Cheers and gone, it's been fun :-)

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    Dumnonia

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  1. Alternative discussion sites to FUBRA

    Time was people were banned for trying to encourage others to join a rival forum, now posters seem to be viewed as an unwanted irritation. How things change. I have no intention of abandoning OT any time soon, but if I do it will be for PistonHeads as, like HPC, I have an interest in the core subject matter from which one can then go Off Topic.
  2. Deluded Old Scrapper Birds On Dating Sites

    Wow. I thought I'd just been unlucky, I didn't realise that it was standard practice.
  3. Alternative discussion sites to FUBRA

    Apologies to EssKay if I am incorrectly pointing the finger at them but they posted in the London terrorist with the usual combined criticism / control of the forum post as is traditionally the province of Mortgage Bitch and Spinwheel. I suggested that anybody on the forum purely for such negative purposes should be banned though I didn't report the post. I may have inadvertently given them ideas so they reported the while thread and mods deleted it based on the whinge of somebody who would rather the forum didn't exist, but still posts on it for reasons best known to themselves.
  4. Deluded Old Scrapper Birds On Dating Sites

    I don't, personally, believe that it will be allowed to go that far. As with the issues long discussed here, excessive housing costs and failing social care to name but two, eventually TPTB cotton on to the fact that there is a problem and start to do something about it. Lots of wealthy single men retiring early will ring lots of alarm bells in HMRC as their projected tax take drops off a cliff; then the balance starts being redressed.
  5. Deluded Old Scrapper Birds On Dating Sites

    Yes. He does.
  6. Deluded Old Scrapper Birds On Dating Sites

    He's a faux tribute band Mr Pin.
  7. Deluded Old Scrapper Birds On Dating Sites

    Popgun has nothing to contribute and is best put on Ignore. File under Mortgage Bitch and sPinwheel. He's only here to have a go and defend his beta status.
  8. Deluded Old Scrapper Birds On Dating Sites

    I think it's anomalous that the way these tax breaks work means that the more money you have the less tax you pay. It's that few people do it because they either can't afford to or can't be bothered to research it that means the government still allows it. It has been tightened up - VCT tax relief was up to 40% rather than the current 30%, pension annual allowance has been steadily chopped and is now down to £40k with lifetime down to £1m - and will IMO continue to do so. Every restriction acts as an effective pay cut for me so it may hit the point where I don't think it worth working if they cut it too far.
  9. Deluded Old Scrapper Birds On Dating Sites

    Or don't wish to make the effort to discover that they can? It doesn't work that way, I think technically they calculate the gross contribution of 100% (you put in 80% cash, get 20% back automatically in the next few months) as an addition to your tax free allowance so you get the 40% back on the salary on which PAYE has been deducted at 40%, not the rest. The basic rule is that you only get to recover back the tax you've actually paid. Though there is a c. £3k annual option for non earners, so you get £600 of tax "back" that you haven't actually paid.
  10. Deluded Old Scrapper Birds On Dating Sites

    Agreed. I have had over the last few years two people go into the benefits they get from the company route and I say they could do what I do and pay nothing. Their reaction has been "oh" but nobody has been peddling it as people can just do it without making an accountant rich. There just seems to be this childish approach to finances amongst people who should know better.
  11. Deluded Old Scrapper Birds On Dating Sites

    Generally they route it through a co. so pay 20% rather than 40% tax but have to pay accountant fees on top. 0% is better than 20%!
  12. Deluded Old Scrapper Birds On Dating Sites

    Who says they're high risk? They're scattered across a host of decent quality start ups rather than punting into a single company as I do with my share investments. My VCTs repeatedly do better than my FTSE 100 shares and each pay two tax free dividends annually. Offhand they're about 8% of my investments so I don't lay awake at nights worrying about them.
  13. Deluded Old Scrapper Birds On Dating Sites

    I think that's it, spend all of the net salary (bigger house, bigger car) and when you retire at 67 or whatever the spend the pension to the max. Most people have never grown out of the idea of pocket money, just that it now comes monthly rather than weekly.
  14. Deluded Old Scrapper Birds On Dating Sites

    It is, but I don't need the money so will do whatever is tax advantageous. Draw the money out to the limit each year and then invest in VCTs probably to get the tax back. The government / HMRC relies upon 99% of people not realising what they can legally do to avoid paying tax so they end up with most people paying it. Great.
  15. Deluded Old Scrapper Birds On Dating Sites

    All fine, as it stands Idon't need to draw any of it as I don't get off on spending money and my orthodox pensions will be plenty. I'll do whatever channels it to my family rather than the tax man.