The Next Conservative Budget
Discussion
I think it is a brilliant Tory budget.
Welfare lower limits for income earning tax payers
non earning people have lower limits to free money
disabled people are not limited
Defence budget to hit 2% real terms
NHS hole plugged
11k tax free income plus 5K dividend allowance
tax rates income 20%,40%,45% - dividend 7.5%,32.5%,38.1%
Employers NI rebates
Pensions to be treated as ISA for tax free dividends
Mortgage interest relief for buy to let restricted to 20%
VED to be allocated to road maintainence.
I think it is pretty decent
Welfare lower limits for income earning tax payers
non earning people have lower limits to free money
disabled people are not limited
Defence budget to hit 2% real terms
NHS hole plugged
11k tax free income plus 5K dividend allowance
tax rates income 20%,40%,45% - dividend 7.5%,32.5%,38.1%
Employers NI rebates
Pensions to be treated as ISA for tax free dividends
Mortgage interest relief for buy to let restricted to 20%
VED to be allocated to road maintainence.
I think it is pretty decent
Vehicle Excise Duty changes:
Changes for cars registered after 1st April 2017.
Only cars with zero CO2 emissions will have zero VED.
First year rates vary according to VED. Cars emitting over 255g/km will pay £2,000 first year tax.
All cars irrespective of CO2 will pay £140 per year.
Premium cars (list price over £40k) will have to pay a supplementary VED of £310 per year for the first 5 years (i.e. £450 per year).
Changes for cars registered after 1st April 2017.
Only cars with zero CO2 emissions will have zero VED.
First year rates vary according to VED. Cars emitting over 255g/km will pay £2,000 first year tax.
All cars irrespective of CO2 will pay £140 per year.
Premium cars (list price over £40k) will have to pay a supplementary VED of £310 per year for the first 5 years (i.e. £450 per year).
The VED changes seem quite sensible to me at first glance. The first year is done by co2, and varies from £0 to £2000. There after, everything is £140 a year, with a £310 premium supplement for cars costing over £40k. Applies to cars registered on or after 1st April 2017.
Seems like good news to me if you buy used cars.
ETA: Bugger, must type faster...
Seems like good news to me if you buy used cars.
ETA: Bugger, must type faster...
Edited by Megaflow on Wednesday 8th July 13:55
jonah35 said:
Eric Mc said:
CaptainSlow said:
hmmm...self employed paying via divis have been hit!!
Self employed people can't pay themselves using dividends.Shareholders of a limited company receive dividends - sometimes.
Megaflow said:
The VED changes seem quite sensible to me at first glance. The first year is done by co2, and varies from £0 to £2000. There after, everything is £140 a year, with a £310 premium supplement for cars costing over £40k. Applies to cars registered on or after 1st April 2017.
Fair and logical.mthe premium cars after a few years is dropped so it helps people buying secondhand CaptainSlow said:
jonah35 said:
Eric Mc said:
CaptainSlow said:
hmmm...self employed paying via divis have been hit!!
Self employed people can't pay themselves using dividends.Shareholders of a limited company receive dividends - sometimes.
markcoznottz said:
oyster said:
iphonedyou said:
oyster said:
So how do you propose bringing everyone up to your level if you received a big inheritance and someone else received nothing? They have to work hard and you don't.
Well isn't that lovely.
Notwithstanding, of course, the ridiculous assertion that those receiving an inheritance don't have to work hard, and the obvious inference one is led to draw that they therefore don't.
Edited by iphonedyou on Tuesday 7th July 12:19
As I've said before, I'm not in favour of bringing people down a peg. I'm just intrigued how you give other people a leg up, or even ensure they start with a level playing field.
In any case I do get your point about life not always being fair, and I completely agree. But upon saying what you're saying, I hope you're never a poster on here who suggests opportunities for those from poor backgrounds are equal to those offered to us rich folk.
As to my own personal financial position, my parents and myself will pay little to no IHT because we continue to donate our wealth to our children.
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