Panda

http://www.telegraph.co.uk/finance/jobs/10799816/Britons-suffer-unprecedented-fall-in-real-wages.html 8% is a lot.....s the average 8% is 2000 pounds, so the average wage in 2008 was 25K sterling? What is it today?

The base rate in Oz is 2.5%, you can easily get 4% plus on your savings..just ninety days notice, no long term tie in's.... The UK the base rate is 0.5%, its a tad difficult getting 2% return... Savings rates will not go any lower in the UK, hence the tax giveaway as there is no tax to take really... Its not really a giveaway, most of it would be reclaimed through the personal allowance anyway... The biggy is the annuity, not really the tax free return on income derived only from savings interest only up to 15.5k or 2600.00 pounds sterling in allowance...

Sell the house, pay off the debts, drawdown on half a million at 27k per annum indexed linked including annual interest returned at sh!tty low current rates, will last you at least twenty years. Anyone fifty or older must be mad not to consider this option.......No point being wealthy and dead, better being poor and approaching dead...

http://www.nationwide.co.uk/products/savings/our-savings-accounts/all-savings-accounts Living on interest alone from cash savings; even if you had half a million in the Nationwide locked up for five years, so your only income, you would be of tax free savings tax status now, well April next year.... Just shows how low the yield is on cash, so how low the yield is on earnings, which mirrors cash for the working poor....and the savings poor...If cash and earnings return such a poor return, assets matched, well leveraged against these two pretty important input variables, are so so out of sync? Good night....

The 10% tax rate that applies to a band of savings for people whose other income is below their personal allowance will be cut to 0% and the band widened to £5000 from April 2015. The result will be that people with an income below £15,500 (£15,660 if born before April 6, 1938) will pay no tax on the interest on their savings. They will have to tell their bank or building society. Missed that in the budget, that will get the silver surfers on board along with the pension giveaway...

Talking to some Expats today in here Oz...over a few beers, some are quite well off, rent here but cash left in Sterling, some onshore some offshore... How will they fair i wonder? British citizens, but not Permanent Residents of the UK.....Permanent Residents here in Oz maybe many Citizens (Dual UK and Oz).. Money in offshore accounts in Jersey/Guernsey. Do they come under the juridstriction of the HMRC or not? I was pouring petrol onto the fire saying better mover your money quick if you want to keep it......Its just many cannot open accounts in the UK due to residency laws; and do not want to exchange the cash into Ozzy dollars due to the poor exchange rate...So they have to store it offshore in sh!t interest paying accounts, very poor.....Not that the ones i talked to had anything to hide, if anything they feel robbed, but are the HMRC fodder i wonder? Or ATO?

I cannot seem to find it, but Zugwang outlines the costs quite clearly somewhere... I know its ended to private property transactions, well with Help to Sell it had to..... But when it was running what was the cost to the bank, by the bank i mean say Nationwide B/S....What rate do they pay the BoE and what other costs are associated? What i am trying to understand, is from my findings FLS was the cheapest way funding for mortgages could be financed via the back door to the BoE. So could say the Nationwide borrow at what 0.5% plus what, what was the lowest rate they could borrow long term at, not over night...

Brilliant post sums up stuff nicely, took me 46 years to realize what you script.....

Just can't see wages rising at 3% plus and the bond market smiling at less. The BoE will look total ***** if they hold rates at 0.5 while we all get inflation busting pay rises......Any pay increase will be offset by even higher costs and higher debt servicing costs. Lower asset prices is the only way out. Debt deflation or total collapse....

1400 billion in total, that seems to be the trend, a constant, a figure they are trying to maintain at 1400 billion? I am curious, what is the total figure of money on deposit in the UK? Similar about 1200 billion? http://www.moneyreformparty.org.uk/ Total UK Money Supply and Debt The total UK money supply (according to the Bank of England's Monetary and Financial Statistics) is £2,200 billion. Of this total, a mere £57 billion is in the form of notes and coins, and a whopping £1000 billion consists of what the commercial banks owe to each other – interbank debt. This money supply is supported by nearly £1,500 billion of household debt - mostly mortgages, about £500 billion of corporate debt, over £900 billion of government debt - the National Debt, and, of course, £1000 billion of interbank debt. If one removes the interbank debt from both sides of the equation, then the money available to the productive part of the UK economy - £1,200 billion - is supported by nearly £3,000 billion of private and public debt.

http://www.leedsbuildingsociety.co.uk/savings/10-year-no-access-income-bond.html Would have taken that five years ago, how many would take it today? 4.00% Gross§ p.a./AER† (Fixed)

http://www.telegraph.co.uk/finance/personalfinance/savings/5989891/Rate-alert-five-year-fixed-rate-bonds.html http://www.theguardian.com/money/2009/nov/01/national-savings-investiments-growth-bond I bet some of the last three, four and five year bonds mature in the next twelve months, those bonds paying better rates than can be achieved today. This must have an effect on lending rates, and profits...

http://www.telegraph.co.uk/finance/personalfinance/savings/4127260/Tories-offer-18-million-savers-4.1-billion-help.html

http://www.telegraph.co.uk/finance/personalfinance/pensions/10457090/Camerons-broken-promise-to-savers-costs-68bn.html It seems over the next few months the last five year fixed rate savings bonds mature north of 6% gross. Once these mature our banks and building societies will be rid of their high yielding savers and these savers will see their income fall by 66% I wondered back in February 2009, when rates fell heavily what the outcome would be in five years well now we know

http://online.wsj.com/public/page/reader-comments.html?baseDocId=SB10001424052702303763804579183680751473884&headline=Andrew%20Huszar%3A%20Confessions%20of%20a%20Quantitative%20Easer

http://www.independent.ie/business/budget/double-tax-blow-for-families-with-savings-and-rental-property-29670170.html From January, thousands of workers who have non-PAYE income, such as rents and savings interest, will have to pay social insurance on this income. It comes as DIRT (deposit interest retention tax) on savings is set to jump to 41pc in January – making it one of the highest savings rates in the world. The Department of Finance has clarified that anyone with income of over €3,174 from rent and savings will have to pay PRSI (pay-related social insurance) on the interest. SAVINGS This will mean that many in middle Ireland will be hit by a double whammy of DIRT and PRSI of a combined 45pc on their savings. For example, the move to impose DIRT and PRSI will see someone who had a deposit of €200,000 after being made redundant, getting hit with a tax bill of €2,460 from their annual interest of €6,000. It was also confirmed that non-PAYE income also includes dividend and investment income. The move means people with buy-to-let properties are likely to be pushed into paying PRSI on their savings, as well as their rental income. They will have to file an income-tax return, according to the Departments of Finance and Social Protection. Thousands of families that have been forced to rent out their homes because they cannot afford the mortgage are set to be the biggest losers from the new double-whammy tax move. These so-called "accidental landlords" will now have to include any interest they get from their savings along with rental income and make a return to the taxman. Others who bought a buy-to-let during the boom to boost their pension will also be hit by the new double tax measure, as their rental income may mean they already have to make a tax return. There are some 273,000 rental properties registered with the Private Residential Tenancies Board. Buy-to-let owners are able to deduct some of the interest they pay and some expenses from the rent for tax purposes. But the rest will have to be declared as rental income. It will now attract income tax and PRSI if it is above €3,174.

Bl**dy hell, so if you are 50 something in Ireland, not working, living off your savings whether interest or draw down, they will take 41% off your interest coupon in tax and you cannot claim it back through your personal allowance........wow..........

Hey Freetrader... Is that 0.8% pre or post tax? Its just, at pre tax levels, that 0.8% is really a 0.544% rise at 20% tax and 12% NI....... Not good Actually thinking about it, if gross goes up 0.8% then so does net, if tax and Ni stay the same

http://pro.moneyweek.com/myk-eob-tpr123/LMYKP910/?h=true http://moneyweek.com/the-end-of-britain-where-we-get-our-figures/

http://www.infowars.com/quantitative-easing-worked-for-the-weimar-republic-for-a-little-while-too/ I think we are way past any point of return now.......

My rule of thumb Monthly.... 25K OF EQUITY EQUALS 110 per month. So 125K House value = 550 per month 150k House value = 660 per month But my rule of thumb is what I call low rents they can be as high as 25k of equity equals 120 per month.

http://rt.com/op-edge/world-gold-standard-currency-152/ Thoughts? Gold valued in FIAT, so FIAT is devalued? What for Gold and Assets valued in FIAT? There value must fall? As FIAT is backed by work effort in reward for services carried out? Labour costs fall, FIAT is printed to infinity, how can asset values sustain previous valuations in FIAT? If FIAT is being devalued, values of assets are being devalued, and so is the effort you put in to perform a task or service in return for FIAT being devalued. No one is getting richer, we are all getting poorer.......All.

No my figures the original post should have been monthly. Had been out skiing on the Pisste..

Bloo Apologies my figures are monthly not weekly. It was 2 in the morning here in Oz. Was a tad bladderrd.....when I posted its just all rents are weekly here in Oz.....I got mixed up....

Chester, Leamington, Plymouth do your own research on Rightmove. In most cases a 100k flat one bedroom will yield 500 a month. Just poke in Torbay will not get much for less than 500 a month and you will pay at least 90 to 100k for a decent flat. A 3 bedroom house in Torbay at 150K something decent will cost you at least 650 to 700 a month. No not holiday lets...