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RJG18

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About RJG18

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  1. Many annual reports show that these charities have large numbers of people (30? 50? +) on annual salaries of £70,000 to £150,000 a year. It takes the £2-a-month donations of hundreds of thousands of donors just to pay these management salaries alone.
  2. BBC are running this news story: http://www.bbc.co.uk/news/uk-18436795 Under the heading: "The number of children living in poverty in the UK fell by 300,000 last year as household incomes dropped, official figures have revealed." (Horray! Wonderful news!) They then quote the Childrens Society, who welcome the good news by saying: "The Children's Society welcomed "the lowest poverty level since the mid-1980s" but said that may be reversed by "drastic cuts to support and services"." HOWEVER - What has actually happened is that the Median UK weekly income figure that is used in the calculation has fallen from £432 per week to £419 per week. It effectively reduced the average UK income they used to calculate whether children are defined as living in poverty, which had the effect of "lifting a proportion of those children above the povery line" in these calculations. But this is BAD NEWS, not good news. If incomes have fallen (while prices are rising), then more people are in poverty, not less. It's just a completely flawed calculation, that through a quirk of averaging, a rise in the number of people in poverty is actually presented as a fall.
  3. RJG18

    Full Reasoning for a House Price Crash

    No, don't forget that in 2004 most of our time was spent arguing against people who claimed that it was different this time, and that us doom-mongers didn't understand that property would keep going up forever, and that by now a one bedroom flat would cost £1million, then in another 5 years £10million, and that anyone who didn't buy into this was a "loser". However, back then I genuinely believed that the bubble would collapse on it's own by 2005-2006. It was inconceivable that the banks (followed by various governments) would go to lengths to prop up the bubbles that would leave them insolvent by 2007-2008, and even then governments would then refuse to accept even this reality, and would effectively destroy their economies to preserve denial over reality. We're now at a point where many countries are on the verge of catastrophic ecomic failure over the very problems we were discussing brewing back in 2004. Current prediction from me - european or worldwide war within the next 5 years. It's familiar ground, we've been here before (the last major war did not happen because 50 million Germans suddenly "turned evil". )
  4. RJG18

    Full Reasoning for a House Price Crash

    Wow, an 8 year bump, thanks. Anyway, looking back at our posts from 2003-2004, it's nice to know that today's experts still claim that "no-one could have predicted or seen the current economic turmoil coming".
  5. £399,000 at 88% LTV over 30yrs for me. They obviously like me...
  6. Just found ANOTHER frustrating quirk of this whole mess. If you are genuinely due to make a payment (on account, or whatever) of, say £1000.00, and one of these mysterious 2004 missing payments of say £4.00 has appeared, your payment of £1000 gets allocated as £4 to 2004 and £996 to 2012, and then you get hit again with the late payment fine/interest for not paying the £1000 on time.
  7. How naive of you. That 16p of missing interest will mysteriously turn up in 2017, with a £150 fine for late payment, and carrying its own interest. And so the circle of life continues. [fade to that Lion King song... ]
  8. RJG18

    Starbucks

    You STOPPED going? Are you serious? That's the best bit! They have to write whatever you tell them to on the cup AND call it out to the whole shop. Last time I went I was "Lord Molsby of Glossop", and they called that out! Next time I'm going to be more adventurous (suggestions welcome)
  9. I've always told myself that it will be the next phase of the RTI project (maybe 2014-ish?) that will push me to leave the country and not come back. At the point the government implements the scheme whereby your employer is obliged to remit your entire earnings directly to the HMRC every month, who will then deduct taxes (etc) at source, then pass the nett amount on to you, that's when I'm going - on principle. If your government is confiscating 100% of your earnings at source, then effectively paying you an "allowance" out of it, you're not too far removed from slavery. I'm not living under that regime, even if I have to take a cut in earnings, I don't want to be here when it reaches that point. I've already gone through the immigration approvals process for Canada in preparation, and can hopefully get out fairly quickly.
  10. Agreed. It's like if Fred West was convicted, but only for not paying vat on the concrete in his patio....
  11. Yes, I think I need to do the same. I try to stay on top of tax correctly, but every year I get random/conflicting HMRC letters, and usually end up having to pay thousands of pounds extra that I never thought I owed. The worse elements are: - The reletively recent change to remove the tax free allowance down to £0.00 proportionally on salary between two figures. The HMRC don't seem to have a way to do this properly, and it just seems to play absolute havoc with your PAYE tax code and annual return. In fact, I know a few people who should have been due to pay this, and HMRC have simply never calculated it or charged them for it. - Income on deferred share options, paid through PAYE. Through a wierd quirk that the employee is also required to pay the Employers NI on these, these are effectively taxed at a rate of 65.8% on my PAYE earnings (13.8% + 2% + 50%)
  12. Holy crap - it get's worse....! I just clicked on the new £3.36 Interest from 2004 line to show how this is calculated. Look what it showed the calculation to consist of! (Attachment below). This is the breakdown of one interest charge..
  13. Update - just logged back onto their website a few minutes ago and there are now two more records: - The £33.00 overpayment is now back, and now indicates that they are going to refund this to me on 31st January 2013. (Well, at least that's something to look forward to!) - There's now a line for £3.36 of interest that I owe them on unpaid taxes from 2004.
  14. Has anyone else had any issues with HMRC / self assessment / etc lately? A few weeks ago I got a letter saying that my 2010-2011 tax return was overdue, depsite them previously writing to say that they didn't require one for that year. So I went online and completed one - at which point it told me that I have overpiad by £33.00 and would be refunded. Then a week later this £33.00 refund disappeared from my account on their online service, and instead they wrote to me saying that actually I had underpaid for 2011-2012 and owed them £2600.00. I paid this (rather reluctantly!). They then wrote saying that based on their current information they no-longer required any future tax returns (just like they did last time, before then claiming my return was overdue!) Then, they wrote saying that they have calcualted an underpayment of PAYE for 2003-2004 (!!!) of £1.22 (yes, one pound and twenty two pence, nearly a decade ago!) and that payment of this amount is due immediately. They also have added a £100 penalty for this, which states it's due at the end of May. Today I log on to find out that they've added another £125 surcharge, for non-payment of the £100, which itself is based on this tiny non-payment in 2003/2004 apparently. And to top it off, the table o fpayments due now has a new line on it today, under the £1.22, showing that immedaite payment is now required for an £8.88 underpayment for 2007-2008. WTF!? Help.,...
  15. You have to keep reminding yourself how surreal the situation is... We now have many parts of the country in an officially declared state of drought and flood at the same time.
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