I thought any increases in tax threshold was going to be postponed. Keeping it and moving it to the manifesto promised rate a year early is a of suprise.
Surprisingly there was no changes to the Pensions Annual Allowance or the Lifetime Allowance (apart from the increase in line with CPI to £1.055m). It was mooted that the AA would be cut from its current £40k level and/or the tapered amount would drop from the current £150k level.
bloody annoying......would have given me a reason to ring all my clients.
Good budget and something for everyone. Corbyn showed his true colours with his embarrassing rant and proved why labour are unelectable under his stewardship. Bravo 👏
Good budget and something for everyone. Corbyn showed his true colours with his embarrassing rant and proved why labour are unelectable under his stewardship. Bravo 👏
Nothing for critically underfunded SEND and mainstream schools.
Surprisingly there was no changes to the Pensions Annual Allowance or the Lifetime Allowance (apart from the increase in line with CPI to £1.055m). It was mooted that the AA would be cut from its current £40k level and/or the tapered amount would drop from the current £150k level.
bloody annoying......would have given me a reason to ring all my clients.
Now Austerity has ended no need - probably next year then. Can't you ring them all and advise 'fill up quick'?
I listened to Corbyn ranting. Why did he do that? It was irrelevant in the larger part and sadly goes further to confirm my fear that this conservative clusterfuck have no credible opposition
Seemed like an ok budget. Have to keep Brexit in mind though, but having said that I'm still waiting for George Osborne's emergency budget so I'll read that first.
According to the BBC calculator a person earning £30,000 a year with two kids is £12.92 a month better off. A person earning £500,000 a year with no kids is £21.67 a month better off.
According to the BBC calculator a person earning £30,000 a year with two kids is £12.92 a month better off. A person earning £500,000 a year with no kids is £21.67 a month better off.
That's just not right.
Does seem a bit odd, trying to work that calculator out.
Just assuming no kids, no petrol, no alcohol etc etc for a minute;
Makes sense now I think about it (if not right) with the two bands they've moved (tax free and extending 20%/reducing 40%) that the biggest winners are 40% payers up to when you lose your personal allowance.
I'd have raised the tax free allowance higher and kept the 40% band where it was. With the changes since 2010 they've run out of options to not effect the higher earners (as in 125k+) and change anything bar personal allowance.
Surprisingly there was no changes to the Pensions Annual Allowance or the Lifetime Allowance (apart from the increase in line with CPI to £1.055m). It was mooted that the AA would be cut from its current £40k level and/or the tapered amount would drop from the current £150k level.
bloody annoying......would have given me a reason to ring all my clients.
I think that was the classic "leak some bad news that won't actually happen" tactic!
Comments
Ramsey McDonald was the first Labour Prime Minister and Old McDonald had a farm.
My point still stands though despite my spelling mistake.
Old McDonald would probably agree with me if he was still alive. 😁
Very good.
Keeping it and moving it to the manifesto promised rate a year early is a of suprise.
bloody annoying......would have given me a reason to ring all my clients.
So thanks but no thanks.
That's just not right.
Just assuming no kids, no petrol, no alcohol etc etc for a minute;
12.5k - 12.92
30k - 12.92
50k - 43.33
75k - 43.33
100k - 43.33
125k - 21.67
150k - 21.67
500k - 21.67
5m - 21.67
Makes sense now I think about it (if not right) with the two bands they've moved (tax free and extending 20%/reducing 40%) that the biggest winners are 40% payers up to when you lose your personal allowance.
I'd have raised the tax free allowance higher and kept the 40% band where it was. With the changes since 2010 they've run out of options to not effect the higher earners (as in 125k+) and change anything bar personal allowance.