Are we ready for more taxes? Apparently there will be a 22% tax on stock and share ISA next April…

I guess we need to generate more taxes so that we could pay for more benefits!

likeuplifting
Posting as :
works at
You are currently posting as works at

Not sure that is exactly how the tax will work tbh, but they do need to find more taxes.

And those taxes are being spent on benefits: 2 child cap removed, and very watered down changes to how people are assessed for benefits.

The next big thing will be the creation of a national care service. This will require tens of billions by the end of the decade and guess which current generation of old people will not pay a penny for it…

like

The government needs to reduce the welfare expenses instead of making everyone pay morr and more for it.

How much is enough for that?

This is completely fake news spin doctoring. The intention is to close the loophole where you can hold amounts of cash in a S&S ISA to avoid the incoming £12k cap. It’s the right thing to do in honesty, very few other nations offer a £12k tax free interest savings allowance, let alone giving you another £8k on which you can get tax free capital gains from the markets.

like

M2: I suggest you study the nationwide data on satisfaction with GPs rather than your own rare experience. I have a daughter receiving long term care and talk to lots of parents in a similar situation. None of us can rely on GPs. Some of them are in a worse state now due to lack of support from local medicine. It is really sad.

Anyway, how are CGT allowances generous? Anything outside of an ISA is brutally taxed! And they kick in very low. There is no ‘let’s let them build a nest egg of a few k for retirement, then squeeze them for tax’. Instead it is ‘what are you doing with that spare fiver?! Render unto Caesar that which belongs to Caesar’

Up until 2000-ish the interest on your mortgage was tax deductible but they abolished that (outrageously allowed landlords to still tax deduct it, so home ownership was even harder for families).

All of this money in ISAs and savings accounts is, of course, already taxed. So you tax people, then when they sensibly save their money you tax them again.

Regarding IHT, disagree this is generous. This is double taxation. There are some tax feee allowance but *unlike benefits* and *unlike the state pension* (also a benefit, tbh) the IHT allowances are not index linked. So they are happy to support those who don’t work but when you want to pass on your legacy they ignore massive house price inflation that puts more estates into the taxed group.

One tax change I support is taxing pensions that are passed down. This was not taxed originally, so there is not a double tax issue here and it is fair that the income is taxed.

The sad reality of all this is that p*ssing your money up the wall will be what everyone does, so when they get to retirement they will need even more money from the state to support them.

like

Related Posts

like

My firm doesn’t match my 401k — still worth opting in?

like

Looking to exit UTHEALTH SA for other opportunities. Healthcare is great but pay/retirement is womp-womp. How is comp and benefits at your company? Can someone who has been in academic medicine as a Clinical Reporting Analyst transition to other industries? Thoughts fishies.

like

How much wifi & Router Reimbursement In Dxc ?

Hi fishes,

Can anyone here give me an insight about the benefits of getting an executive mba degree after law and how it can help me accelerate my career growth and which profiles would be best for me. I am legal professional with 7 years of experience. I am pursuing an emba from FMS.

Your feedback will be highly appreciated.

like

Anyone work for Uber? Thoughts on culture, benefits, etc..?

like

What's next after healthcare for you all?

like

Hi All, I have two offers on hand.

1. Deloitte - 12.5 LPA Fixed + 1.25L Variable along with 2L joining bonus and 2L retention bonus.

2. PWC - 13 LPA Fixed + 2L joining bonus and permanent WFH.

Yoe is 2.8 and tech stack is DotNet Dev.

Which one would be better to join, considering the CTC, benefits and WLB?

like

In BNP Paribas CIB what all benefits we hav as employee

Does anyone have any insight on what is entailed during an “expertise chat” at McK? I spoke to a recruiter and made it through to the next step. The next step is the expertise chat before progressing to the official first round interview. For reference, this is for their Healthcare Services & Technology practice. TIA

like
like

EY leave department hasn’t been the most helpful with the exact details around maternity leave - so just wondering for any EY mamas - how do we initiate getting the two weeks before due date off? Just a doctors note or ??? Thank you!!

like

Does Singapore offer national healthcare services like in Europe? I am an expat and it seems to be that expats can only get business healthcare insurance

like

Hi I am joining maersk Bangalore next week. What benefits do they offer? Is there a transport facility? Will they provide food? What are the office timings? Will they provide a monitor? Is there reimbursement for internet bills?

like

Does anyone here work for Silicon Valley Bank? They recently acquired Boston Private. I’m a candidate for a job at Boston Private. Wondering if SVB is planning layoffs in the near term at BP? Also, does anyone know the anticipated benefits to be rolled out from SVB as the parent company? Specifically interested in health insurance providers. Thanks in advance for any information! Silicon Valley Bank

likehelpful

All the reimbursement and other stuff which goes to partner for approval , does partner actually sits and review all those and approves it or does he have any secretary or assistant to approve all that.

Currently 4 expenses(1 internet, 2 Cab, 1 Flight) which are awaiting partners approval and I am really concerned if he's gonna come shouting at me 😂

like

Is there a way to work part time or close to 40 hours a week average with big 4 in advisory? I don’t really care how much I get paid and just want some WLB and health insurance lol.

like

PwC 🐠 - health insurance coverage. What are the deductibles for the high-deductible plans? Still want to use the HSA. Thanks!

Hello All!

I currently work as a contracted Operations Manager but I’m in need of something a little more sufficient as far as salary. I have experience in Management both restaurant, healthcare, and I suppose this particular position counts too I just don’t know how to specify it. I really want to get out of the 35-40k salary range and I have the experience to do it just not the degree. I think I suck at interviews too (I get really nervous and start doubting myself). Any tips or suggestions?

like

Does Kroll support a masters degree? Any tuition reimbursement or working with your schedule for night classes?

like

More Posts

There is a Bus route timing xlxs sheet for Kolkata employees. Anyone knows how to access the sheet??

Has anyone ever worked at or heard anything on Wedgewood Communications?

like

For USI Onsite folks,

Has anyone received the tax filings from Deloitte yet? I had submitted everything in January but haven't received anything after that

like

What is considered a grey area related to insider trading?

like

Newco Hi Folks , Need a suggestion . Hi All , Need a suggestion What are roles and responsibilities for a TCS BPS ,Bid Management for Canadian clint -Infrastructure services. It is it more of individual contributor or it's mixed with some reviewer and team handling experience and do they want ppl to work on sat sun as well . How is overall work load there need to understand.

Tata Consultancy Infosys Wipro Cognizant Capgemini HCL Technologies

like

Ultimate simp move 😂😂

Post Photo
funnylike

Hi fishes,

I have given an interview with
Infosys on 2nd July and currently in portal it shows the status as 'Review in Progress' .Could any one let me know how many days it usually takes to get an update or does this mean they are interviewing other candidates for the same role .I have mailed the HR but no response from him.

Appreciate your comments/ suggestions on the same.

like

Hi fishes, can i get 11 likes to enable DM ? Thanks

likesmartfunny

I am looking for a one to one mentor for helping me to learn Python . Anyone has any contacts?

like

I had no interviews today, to now 5 interviews lined up for the rest of the week.
Indeed uncertainty is another huge aspect in life.
First part of the job change is done, into the next.
Keep grinding.
Keep upgrading.

like

Accenture Hi Accenture Strategy Folks in India, would you know of any openings in Banking/ Finance/product Strategy? Looking to get a referral Accentureindia

like

Hi fishes,

When can I expect a call from tcs hr for HR discussion.after technical i got mail to upload the documents in the portal for initiating offer.

like
like

What’s your current goal as an engineer? I’d love to one day work as part of a Formula 1 design team

like

Who is reading?

Post Photo
like

IMPORTANT !!!

I see there 2 bowls for
TSYS, but both of them are not active,there are hardly any posts.

Lets make this bowls active, as this will help us get to know things better about company policies, hidden secrets, hikes, internal news and what not...

Let's start by liking and commenting this post atleast to show our presence.

Forward bowl links to your friends and colleagues who are part of TSYS and Global Payments TSYS

If you see this post and are part of TSYS, join this bowl

like

I am a writer for late night television. To anyone considering this career path: prepare to write around 100 jokes weekly only for half of them to be shut down and the other half to be completely ignored. This is tiring!

like

How do I claim the relocation lumpsump amount? Should I reach out to my global mobility advisor or will it be directly included in my first salary?

like

Sharing some thoughts I’ve had lately:

The end of my suffering occurs with the death of my ego. I am reborn when I surrender to life exactly as it is, right at this moment (and it’s always “this moment”). I can begin to grow when I either accept life as it is, or I change my life because I can’t accept it. The better I become at surrender and acceptance, the more I experience serenity. After a long enough time I realize I’ve had a spiritual awakening. Now I am peace / joy / love.

☮️ 😊❤️

likesmart

Additional Posts in Londoners in Consulting

Hey all, did anyone recently apply for the Bain experienced hire and do the online tests?

like

Anyone play fantasy football? Would anyone be interested in a bowl / mini league? I’m guessing there are some good data analysis skills being put to good use out there.

What’s the salary range like for senior consultants in risk advisory?

like

I will soon have to decide in which industries I will focus in. So far I don’t have a preference. How did you make this decision for you?

like

Working with a US team while based in London - how do you manage the time zone difference?

Must dos in London for someone visiting in Jan/Feb?

like

Anyone had the experience working in the US as a consultant? Apart from higher comp, do you feel there are more opportunities there?

like

Anyone heard of Projective groups? Interested in finding out more about the firm.

like

Which pension plan does KPMG UK use? I’m US based but needing to rollover my existing UK pension due to new job / new independence restrictions and trying to align plans. Thanks!

Anyone looking for jobs at Deloitte? Happy to make a referral for the right CV and vacancy

like

Hello, I’m wanted to move back to London. Can someone recommend a few good consulting recruiting firms to reach out to? Thanks!

like

What’s a good answer to why do you want to work at EY??
Particularly the finance transformation/ Digital finance team

like

For those who came to London thru their firm’s global mobility program, what sort of visa did you get? And was it a route to settlement? (IE did that time count towards getting ILR eventually)?

like

Bain & Company Have the MBBs here in London adjusted salaries upwards in line with inflation? Remember reading something around BCG giving hikes in the US but not sure if that happened here as well? Boston Consulting Group McKinsey & Company Bain & Company

like

Hello Fishes, I am joining Capgemini UK plc soon in business transformation unit as Sr Con. How is the WLB and yearly hikes? Any cautionary measures I need to ne aware of? Appreciate your inputs.

like

Any Deloitte consulting managers transfer from US to UK? What was your starting salary? Been at the M level for a couple years. Lots of industry expertise in my field too. Wondering what to expect for M level. Hoping for £90k + Benefits. Unreasonable?

like

Does anyone have any thoughts on how up and out culture varies between the London MBBs? Also after how any years people typically leave for PE/VC roles vs industry jobs?

like

Best tiramisu in London?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal