Forget Inheriting a house under Labour
22 April 2005, 09:13 PM
#31
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We must remember how many parents have been funding their sproggs houses!!
This simply fuels what they compalin about, but - of course - want their offspring to get a head start ahead of the 'also-rans'
I'm saying its unfair that those who have, get more! Vote Tory and you can look forward to more money grabbing oiks!
Labour 'tries' to spread the wealth - whether we object or not about Chavs being given a chance
Pete
This simply fuels what they compalin about, but - of course - want their offspring to get a head start ahead of the 'also-rans'
I'm saying its unfair that those who have, get more! Vote Tory and you can look forward to more money grabbing oiks!
Labour 'tries' to spread the wealth - whether we object or not about Chavs being given a chance
Pete
22 April 2005, 09:31 PM
#32
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Precisely how does Labour 'spread wealth' by increasing the tax burden (currently running at its highest ever level) on individuals?
Jesus Pete you really do spout some crap sometimes
Jesus Pete you really do spout some crap sometimes
22 April 2005, 09:42 PM
#33
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Ohh FFS can people stop responing to purile baiting games and prodding, please? This is a serious thread and the wise should ignore trolling and attention seeking - the common sense and fairness factor is too high to muppetise here surely?
22 April 2005, 09:52 PM
#34
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Originally Posted by pslewis
House Price Inflation is being driven by Inherited money being used for Buy-To-Lets!!
Not sure on the inherited money bit, but I wish all the people who jumped on the buy-to-let bandwagon would jump off and be crushed under it's wheels. We can't get a mortgage approved for even half the value of the cheapest house in Aylesbury.
22 April 2005, 10:22 PM
#35
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Originally Posted by Chris L
Jesus Pete you really do spout some crap sometimes
I agree with the wealthy paying for the not-so-wealthy ..... stupid, maybe, coming from me who pays a MASSIVE amount in tax - but LIKE EVERYONE ELSE on this BBS I am doing very well thank you!!
Just because you don't like the truth doesn't make it crap!
Pete
22 April 2005, 10:30 PM
#37
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Originally Posted by unclebuck
As a pikey 4 quid jeans wearing shelf stacker you would say that.
The intelligence of a cabbage
Pete
22 April 2005, 10:35 PM
#38
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22 April 2005, 10:39 PM
#39
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I see UB is still looking for a village without an idiot, so he can take up residence.
Can anyone on here offer him some help? get the moron off here
Pete
Can anyone on here offer him some help? get the moron off here
Pete
22 April 2005, 10:50 PM
#40
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Originally Posted by pslewis
I think you talk complete bollox .............. but I wouldn't dream of telling you!!
I agree with the wealthy paying for the not-so-wealthy ..... stupid, maybe, coming from me who pays a MASSIVE amount in tax - but LIKE EVERYONE ELSE on this BBS I am doing very well thank you!!
I agree with the wealthy paying for the not-so-wealthy ..... stupid, maybe, coming from me who pays a MASSIVE amount in tax - but LIKE EVERYONE ELSE on this BBS I am doing very well thank you!!
Thanks,
someone who'se cost of living has slowly risen over the last 5 years while wages remain static.
22 April 2005, 10:58 PM
#41
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Originally Posted by Lum
while wages remain static.
Its no-ones fault but your own .........
Or are you waiting for someone to give you something, sometime, somewhere??
Pete
22 April 2005, 11:33 PM
#42
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Originally Posted by pslewis
Errrrm, get another job????
Its no-ones fault but your own .........
Or are you waiting for someone to give you something, sometime, somewhere??
Pete
Its no-ones fault but your own .........
Or are you waiting for someone to give you something, sometime, somewhere??
Pete
It is tempting to move back into the mainstream IT industry but there are a few important gaps in my skills that I cannot afford to fill. 6 years ago this would not have been a problem, but with the number of unemployed IT people out there, and outfits like CompuTeach pumping out hoardes of eejits with a bit of paper and no clue, getting another job is very difficult as employers can demand that recruit have all the skills and don't want to have to do any training.
Of course, the people who actually have ALL the required skills are going to be thin on the ground, especially in the more sillier cases, at which point they shout "OMG! skills crisis!" and the government fast track in a load of immigrants with a bit of paper and as little clue as the CompuTeach lot. I am sick of jobs where I end up cleaning up crap installs one by MCSEs that are being paid 10K more than me.
Note that I'm talking about permanant positions here, not contracting. It's perfectly reasonable to expect contractors to fund their own training.
Edit: If I was a chav on the dole, I could probably get free training though!
Last edited by Lum; 22 April 2005 at 11:36 PM.
22 April 2005, 11:37 PM
#43
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Originally Posted by Lum
I am seriously considering it, the problem is if I left, my employer would be seriously in the **** as no-one else in the company can do my job and replacing me would be difficult due to the ecclectic set of skills required. (and the fact that no-one else would likely want to work for such a low wage!)
LEAVE!
Pete
22 April 2005, 11:47 PM
#44
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Originally Posted by pslewis
I admire your loyalty, its a pity your employer doesn't feel the same way about you .... or they would pay you a decent wage!
LEAVE!
Pete
LEAVE!
Pete
But that isn't the case. They started selling document management systems in addition to the core business, and I get to install and support them, it is frustrating because some of the ones they did before I joined were installed onto desktop PCs running 2K Pro. Most of these have grown under me and are now running on proper servers on RAID arrays which are starting to approach a terrabyte in size in some cases, but the management simply do not understand computers and still pay me the same as the bloke who comes out to replace your cable TV box when it breaks. It is the fact that it is a lack of understanding rather than malice which makes it difficult for me to just leave.
I've been dropping hints lately. ie refusing to buy kit of my credit card and expense it because it's at it's limit. Will have to see if they come up with anything, failing that it'll be time to leave the jobs section on my desk in plain view, with a few jobs at double my current wage highlighted.
22 April 2005, 11:51 PM
#45
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Dropping hints and leaving the jobs section on your desk is a start, but if you are looking for an extra, what? £10k? it may not come!
Hand in your notice and get out there - earn what you are worth!!
BUT, make sure you can actually earn what you think you can - some people get a shock!
Good luck!
Pete
Hand in your notice and get out there - earn what you are worth!!
BUT, make sure you can actually earn what you think you can - some people get a shock!
Good luck!
Pete
23 April 2005, 12:17 AM
#46
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I'd be happy with an extra 5 or 6K, that would get the cost of living back to where it should be, ie lower than what I earn. It will also be about the same as I was earning back in 2001
I lost a hell of a lot of money after being off work for two months when I was hit by another driver. I'll eventually see some of it back, but not the higher maintenance costs of my car (of course, the lawyers claim that my turbo could not possibly have been damaged in the crash, despite it being fine beforehand, and running like a bag of ****e afterwards). My get out clause was always to sell the car, pay off the remainder of the loan and buy something more modest should it prove too costly tu run, but this has been taken away from me as I've lost about 8K in value (according to a poll I posted here recently) of course the lawyers say that because Scoobyclinic did a good repair, the car has lost no value at all. I'll eventually get loss of earnings and compensation, but at this rate the compensation is not going to pay for the cost of fixing the car and cover the interest on the debts built up while I wasn't earning
My employers say that none of this is their problem, which is fair enough (even if I did only buy the Legacy because they were pushing people down the car allowance route and shrinking the fleet), but I suppose it becomes their problem if I leave for a higher paying job in order to solve my problem.
Anyway, this is a little off topic, I guess, at least my mum lives up north where the house prices aren't so bloody stupid, but I'll be way past middle age before that becomes an issue anyway.
I lost a hell of a lot of money after being off work for two months when I was hit by another driver. I'll eventually see some of it back, but not the higher maintenance costs of my car (of course, the lawyers claim that my turbo could not possibly have been damaged in the crash, despite it being fine beforehand, and running like a bag of ****e afterwards). My get out clause was always to sell the car, pay off the remainder of the loan and buy something more modest should it prove too costly tu run, but this has been taken away from me as I've lost about 8K in value (according to a poll I posted here recently) of course the lawyers say that because Scoobyclinic did a good repair, the car has lost no value at all. I'll eventually get loss of earnings and compensation, but at this rate the compensation is not going to pay for the cost of fixing the car and cover the interest on the debts built up while I wasn't earning
My employers say that none of this is their problem, which is fair enough (even if I did only buy the Legacy because they were pushing people down the car allowance route and shrinking the fleet), but I suppose it becomes their problem if I leave for a higher paying job in order to solve my problem.
Anyway, this is a little off topic, I guess, at least my mum lives up north where the house prices aren't so bloody stupid, but I'll be way past middle age before that becomes an issue anyway.
23 April 2005, 09:13 AM
#47
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Originally Posted by PCatWork
Not really true, in fact:
# In the USA, a surviving spouse pays nothing. All other bequests above $675,000 US are subject to taxation at 37%, rising on a sliding scale to 55% of bequests above $3 Million US.
# In the UK, a surviving spouse again pays nothing. All other bequests above £231,000 (€374,000 Euro or $374,000 US) are subject to taxation at 40%.
# In Germany, inheritance tax is paid by the beneficiary: spouses pay 7% on legacies above €614,000 Euro ($614,000 US), rising to 30% on legacies above €32 Million Euro ($32 Million US) on a sliding scale. Non-spouse relatives pay 7% and non-relatives pay 17% to 50% on legacies above €307,000 Euro ($307,000 US), rising on a similar sliding scale.
# In France, as in Germany, inheritance tax is paid by the beneficiary. Relatives, including the surviving spouse, pay 5% on legacies above €137,000 Euro ($137,000 US), rising on a sliding scale to 40% on legacies above €2.2 Million Euro ($2.2 Million US). Non-relatives pay up to 60%.
# In Spain, even spouses have to pay 8.5% on legacies above €16,000 Euro ($16,000 US), rising to 34% on legacies above €800 Million Euro ($800 Million US), with a complex exemption system that depends on the length of time post mortem that the beneficiary keeps the assets. The Spanish tax system is designed to capture non-domiciled and second-home-owning beneficiaries.
Italy seems to be the most notable exception to having to pay inheritance tax.
# In the USA, a surviving spouse pays nothing. All other bequests above $675,000 US are subject to taxation at 37%, rising on a sliding scale to 55% of bequests above $3 Million US.
# In the UK, a surviving spouse again pays nothing. All other bequests above £231,000 (€374,000 Euro or $374,000 US) are subject to taxation at 40%.
# In Germany, inheritance tax is paid by the beneficiary: spouses pay 7% on legacies above €614,000 Euro ($614,000 US), rising to 30% on legacies above €32 Million Euro ($32 Million US) on a sliding scale. Non-spouse relatives pay 7% and non-relatives pay 17% to 50% on legacies above €307,000 Euro ($307,000 US), rising on a similar sliding scale.
# In France, as in Germany, inheritance tax is paid by the beneficiary. Relatives, including the surviving spouse, pay 5% on legacies above €137,000 Euro ($137,000 US), rising on a sliding scale to 40% on legacies above €2.2 Million Euro ($2.2 Million US). Non-relatives pay up to 60%.
# In Spain, even spouses have to pay 8.5% on legacies above €16,000 Euro ($16,000 US), rising to 34% on legacies above €800 Million Euro ($800 Million US), with a complex exemption system that depends on the length of time post mortem that the beneficiary keeps the assets. The Spanish tax system is designed to capture non-domiciled and second-home-owning beneficiaries.
Italy seems to be the most notable exception to having to pay inheritance tax.
)
23 April 2005, 09:21 AM
#48
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Originally Posted by Chris L
That really sucks - as if it isn't enough to have been paying tax all your life....
There are other ways to maximise your IHT allowances though. I know this won't work for everyone, but what my parents have done is split the ownership of their house 50:50. Each person has an IHT allowance. When one partner dies, 50% of the house is transferred into a trust fund. When the other partner dies, the remaining 50% of the house is transferred into the trust. By splitting the value of the house, neither half will breech the IHT allowance. This allows the remaining partner to live in the house without facing a massive IHT demand. Obviously, if your parents have a seriously big house, then this only has a limited appeal. However, for many people living in house valued at around 3-400K (i.e. a good proportion of the South East), then this scheme does have some benefits - and it's not affected by Labour's plans.
There are other ways to maximise your IHT allowances though. I know this won't work for everyone, but what my parents have done is split the ownership of their house 50:50. Each person has an IHT allowance. When one partner dies, 50% of the house is transferred into a trust fund. When the other partner dies, the remaining 50% of the house is transferred into the trust. By splitting the value of the house, neither half will breech the IHT allowance. This allows the remaining partner to live in the house without facing a massive IHT demand. Obviously, if your parents have a seriously big house, then this only has a limited appeal. However, for many people living in house valued at around 3-400K (i.e. a good proportion of the South East), then this scheme does have some benefits - and it's not affected by Labour's plans.
This government is turning our country into a ticking timebomb of debt....first the 'best chancellor ever' raids the pension funds, taxes them to hell....(ok not ALL the interest rate decisions were made by him)....its not worth saving anything as the interest rates are lousy....house prices are sky-high and now he wants to take away the one last way that people can actually obtain a place to live by stealing it away from their parents
Better calm down, its a bit early on a weekend
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