FANG Posted January 21, 2023 Share Posted January 21, 2023 Incoming, take cover ‘£100k doesn't make you rich': Fury at new Hunt tax raid on pensions and Isas (msn.com) Quote Link to comment Share on other sites More sharing options...
HousePriceTooHigh Posted January 21, 2023 Share Posted January 21, 2023 Not surprised. Funny how the tories never run out of other peoples money to steal. Quote Link to comment Share on other sites More sharing options...
LetsBuild Posted January 21, 2023 Share Posted January 21, 2023 This probably will be the straw to break my back if it comes to pass. At the very least I will work a lot less hours and spending less. It’s quite likely I’ll give emigration some serious thought. As someone who worked through the Covid hysteria and received nothing - I simply will not be paying for it. Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted January 21, 2023 Share Posted January 21, 2023 Spring budget March 15th. We'd better get our 2022/2023 ISA allowances tucked away before then, just in case. Quote Link to comment Share on other sites More sharing options...
wighty Posted January 21, 2023 Share Posted January 21, 2023 Don't think the Resolution Foundation's ideas carry much weight with Tory thinking. Now Labour......................is a different kettle of fish. Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted January 21, 2023 Share Posted January 21, 2023 7 minutes ago, wighty said: Don't think the Resolution Foundation's ideas carry much weight with Tory thinking. Now Labour......................is a different kettle of fish. That doesn't matter. At the next election, I (a former lifelong Tory voter) will be voting with my heart, against the Tories, however much they bribe me to vote for them. Quote Link to comment Share on other sites More sharing options...
Mandalorian Posted January 21, 2023 Share Posted January 21, 2023 56 minutes ago, Bruce Banner said: Spring budget March 15th. We'd better get our 2022/2023 ISA allowances tucked away before then, just in case. You are assuming the next government, likely the London Labour Party, don't retrospectively abolish ISAs. Quote Link to comment Share on other sites More sharing options...
wighty Posted January 21, 2023 Share Posted January 21, 2023 46 minutes ago, Bruce Banner said: That doesn't matter. At the next election, I (a former lifelong Tory voter) will be voting with my heart, against the Tories, however much they bribe me to vote for them. Would you vote Tory if Tomtugonhat was made PM?. Quote Link to comment Share on other sites More sharing options...
TenYearToGetMyMoneyBack Posted January 21, 2023 Share Posted January 21, 2023 From the article "This also risks scuppering those who saved hard to retire early before their state pension kicked in, Coles added." That is one way of getting the early retirees back to work. However, at the rate we are going, many Tory voters will be wishing they had voted for Corbyn. Quote Link to comment Share on other sites More sharing options...
msi Posted January 21, 2023 Share Posted January 21, 2023 1 hour ago, HousePriceTooHigh said: Not surprised. Funny how the tories never run out of other peoples money to steal. Tory'ism is fine till you run out of money to steal.... Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted January 21, 2023 Share Posted January 21, 2023 17 minutes ago, Mandalorian said: You are assuming the next government, likely the London Labour Party, don't retrospectively abolish ISAs. I doubt it, too complicated with fixed rate ISAs? But If they do, they do. What is the London Labour Party? Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted January 21, 2023 Share Posted January 21, 2023 12 minutes ago, wighty said: Would you vote Tory if Tomtugonhat was made PM?. Tugendhat? Possibly, but only if all of the BJ era ministers (which includes most of the current incumbents) were kicked out. Quote Link to comment Share on other sites More sharing options...
bomberbrown Posted January 21, 2023 Share Posted January 21, 2023 So, not content with runaway house prices, they now want to pull the rug from under anyone that wants to get a sizeable deposit together. Utter *****s! Quote Link to comment Share on other sites More sharing options...
FANG Posted January 21, 2023 Author Share Posted January 21, 2023 I don't suppose they have considered raiding offshore bank accounts and criminals proceeds of crime rather than going for ordinary tax paying citizens. Quote Link to comment Share on other sites More sharing options...
PropertyMania Posted January 21, 2023 Share Posted January 21, 2023 ISA cap means even more empty bedrooms as property would be the only tax free option left. Are the government intelligent enough to realise this? Quote Link to comment Share on other sites More sharing options...
Huggy Posted January 21, 2023 Share Posted January 21, 2023 1 hour ago, TenYearToGetMyMoneyBack said: many Tory voters will be wishing they had voted for Corbyn. Whatever anyone does, anywhere in the world, at any point in the future, would have been a minimum 3x worse under Corbyn (he/him). Quote Link to comment Share on other sites More sharing options...
winkie Posted January 21, 2023 Share Posted January 21, 2023 Can't get my head around how can live in an expensive wholly owned property worth many thousands and can claim benefits, help with income and living costs........but slogging it out trying to save for a deposit to buy and fall on hard times have to spend almost all savings untill can claim a penny piece...... Quote Link to comment Share on other sites More sharing options...
MARTINX9 Posted January 21, 2023 Share Posted January 21, 2023 (edited) Think tanks propose things all the time to be fair - and the likes of Mail, express and Telegraph are promoting this to make sure pressure is placed to ensure it does not happen! All worded in a way to make people think the government will do it - when its just a think tank writing a paper. There will probably be even more Tory MPs with over £100k in ISAs than there are buy to let landlords. And it will invariably be Tory voters hit by this cap. I can't see Tory MPs who want to have a job come January 2025 consenting to this. Also would it be retrospective - surely it could only apply to new investments not existing ones? Edited January 21, 2023 by MARTINX9 Quote Link to comment Share on other sites More sharing options...
DarkHorseWaits-NoMore Posted January 21, 2023 Share Posted January 21, 2023 25 minutes ago, Huggy said: Whatever anyone does, anywhere in the world, at any point in the future, would have been a minimum 3x worse under Corbyn (he/him). Yeah and now we know why. Regardless of being good for the country or not, his gov't would have never been allowed to govern, likely given the same treatment as Truss, making it impossible to implement meaningful policy for systemic change, from overwhelming market pressures, to continued insider insurgent sabotage, from not only the state apparatus, corporate sponsors and foreign gov't interference, in the UK's laughable faux democracy. Quote Link to comment Share on other sites More sharing options...
winkie Posted January 21, 2023 Share Posted January 21, 2023 The short gap in the window of opportunity, clear for all to see the radical policies of Truss, shines a light into the soul of where the Tories want to lead the country. Too far too fast....... least we now know what to expect and what the ultimate goal is they are aiming for. Buyer beware. Quote Link to comment Share on other sites More sharing options...
Mandalorian Posted January 21, 2023 Share Posted January 21, 2023 2 hours ago, Bruce Banner said: What is the London Labour Party? That thing led by Starmer that only has in interest in things that happen in Islington. Quote Link to comment Share on other sites More sharing options...
Mandalorian Posted January 21, 2023 Share Posted January 21, 2023 39 minutes ago, DarkHorseWaits-NoMore said: Yeah and now we know why. Regardless of being good for the country or not, his gov't would have never been allowed to govern, likely given the same treatment as Truss, making it impossible to implement meaningful policy for systemic change, from overwhelming market pressures, to continued insider insurgent sabotage, from not only the state apparatus, corporate sponsors and foreign gov't interference, in the UK's laughable faux democracy. All governments govern with the permission of the bond market. That permission can be withdrawn at any time. Corbyn wouldn't even have got to make his speech at the door of No 10 before he got deposed. Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted January 21, 2023 Share Posted January 21, 2023 14 minutes ago, Mandalorian said: That thing led by Starmer that only has in interest in things that happen in Islington. Whatever it is, it has to be better than the current Tory rump. Quote Link to comment Share on other sites More sharing options...
MARTINX9 Posted January 21, 2023 Share Posted January 21, 2023 (edited) 16 minutes ago, Bruce Banner said: Whatever it is, it has to be better than the current Tory rump. I think we all thought the same last time we got rid of the Tories and put in Labour or got rid of Labour and put the Tories back in. We have been rinsing and repeating this merry go round for 80 years bar a brief interlude from 2010 to 2015. It has got to be better isn't good enough! Maybe its time for some real change - and to not keep repeating the same mistakes? Edited January 21, 2023 by MARTINX9 Quote Link to comment Share on other sites More sharing options...
Si1 Posted January 21, 2023 Share Posted January 21, 2023 (edited) The ISA allowances started off pretty low initially but we're hugely expanded under the Tories. Now the money has run out they have difficult choices to make. And property investment should not be a tax dodge. When will they bring in an LVT. Edited January 21, 2023 by Si1 Quote Link to comment Share on other sites More sharing options...
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