Kaimani Posted January 28, 2011 Share Posted January 28, 2011 I'd be certainly quite happy to give up a little more if it helps those less fortunate as me so long as the rich and super rich pay their fairshare, like I've already stated in another thread. It's the rich and super rich who shout about poverty etc. but they are the ones more likely to be tax dodging wether legally or illegally and the money they dodge mounts up to some serious figures. that's what we were saying in the other thread, not the thing with the ISAs and pensions and things. Link to comment Share on other sites More sharing options...
vinyl Posted January 28, 2011 Share Posted January 28, 2011 Taxman doesn't see when someone is being ironic. It isn't the responsibility of an individual to pay more tax than they need to within the rules and within the law. It is the responsibility of politicians to make the rules and for individuals to adjust their life styles to abide by the rules and pay whatever tax they are legally required to do. He'll be claiming next that having a pint whilst on holiday in Barbados is exploiting a Caribean tax haven for tax evasion purposes. Link to comment Share on other sites More sharing options...
harvey19 Posted January 28, 2011 Share Posted January 28, 2011 Oh no, that's not the idea at all! What you're supposed to do is spend every penny you've got and when you've done that, borrow some more money and spend that too. Then, when you get old, the government will have to provide you with (free) sheltered housing, free meals on wheels and some free money. Spend all that and when you eventually die, the government can pay for your funeral too. Don't even think about saving money to support yourself! Someone said to me jokingly years ago that the ideal situation was to be destitute and throw yourself on the mercy of the government at 65 years of age. I wonder if he was joking ? Link to comment Share on other sites More sharing options...
Flowersfade Posted January 28, 2011 Share Posted January 28, 2011 Oh no, that's not the idea at all! What you're supposed to do is spend every penny you've got and when you've done that, borrow some more money and spend that too. Then, when you get old, the government will have to provide you with (free) sheltered housing, free meals on wheels and some free money. Spend all that and when you eventually die, the government can pay for your funeral too. Don't even think about saving money to support yourself! DAMN you teachers for teaching me to save for a rainy day!!. I'll keep my money and savings and eventual inheritance,The politicians can go be inventive with a pineapple. Link to comment Share on other sites More sharing options...
Kaimani Posted January 28, 2011 Share Posted January 28, 2011 DAMN you teachers for teaching me to save for a rainy day!!. I'll keep my money and savings and eventual inheritance,The politicians can go be inventive with a pineapple. inheritance...for the bit on the side, too, we made a deal, remember? or was that when you thought i was a girl? Link to comment Share on other sites More sharing options...
Kaimani Posted January 28, 2011 Share Posted January 28, 2011 Taxman doesn't see when someone is being ironic. It isn't the responsibility of an individual to pay more tax than they need to within the rules and within the law. It is the responsibility of politicians to make the rules and for individuals to adjust their life styles to abide by the rules and pay whatever tax they are legally required to do. He'll be claiming next that having a pint whilst on holiday in Barbados is exploiting a Caribean tax haven for tax evasion purposes. all true. but we could also change the way we think and those with the means take it upon themselves to give more than they should while those on the bottom stop asking for more than they need. Link to comment Share on other sites More sharing options...
Rupert_Baehr Posted January 28, 2011 Share Posted January 28, 2011 Someone said to me jokingly years ago that the ideal situation was to be destitute and throw yourself on the mercy of the government at 65 years of age. I wonder if he was joking ? There was an old boy who lived just down the road from me who'd done just that. He had no family He had no money He had no savings. As he said, Why should I? - I enjoyed my money when I earned it. There was no point in saving any. He lived in sheltered accommodation, enjoyed his meals-on-wheels, went to the pub for 2 or 3 hours every night, drank 4 pints of mild then told everybody he was 'Heading North' and went home. I understand he died a few months ago (in his late 80's) and -as he'd said - there was no money to bury him. The State paid. Link to comment Share on other sites More sharing options...
Flowersfade Posted January 28, 2011 Share Posted January 28, 2011 inheritance...for the bit on the side, too, we made a deal, remember? or was that when you thought i was a girl? The deals still on but shhhh don't publicise our illicit affair.. Link to comment Share on other sites More sharing options...
manofstrad Posted January 28, 2011 Share Posted January 28, 2011 You heard me. It's tax avoidance. You don't pay tax on the interest you earn on your ISA or any tax on the pension investment. You're practically stealing from the mouths of babies, the sick and the elderly (although it's okay with them as they've got immoral pensions as well). At least that's the socialist line being spouted in another thread. So, who's going to stop saving for retirement and give it to the government instead, the socialists (or are they communists) say it's the right thing to do. Won't somebody think of the children? Popping poke into these pies is a mistake anyway, Might as well pump it into a German brand of fleet car favourite motors if you enjoy watching cash turning into fumes. The smart man knows where to put his lolly. Link to comment Share on other sites More sharing options...
Ms Macbeth Posted January 28, 2011 Share Posted January 28, 2011 Someone said to me jokingly years ago that the ideal situation was to be destitute and throw yourself on the mercy of the government at 65 years of age. I wonder if he was joking ? He is actually talking sense. I've been to a few seminars about pensions, where they laud the benefits of saving for retirement. If you have steady, decent employment, and are in a good pension scheme for around 30 years, then it does make sense to contribute. If you earn a bucketload and can afford a really good private pension, or have invested in property etc., then you'll be ok. However, if you have lowish paid work, change jobs, work part time, or stay at home with children and only pay small amounts into a scheme, or contribute to a less than profitable pension scheme, you could end up no better off than someone who gets full pension credit. If all pensioners got the same basic state pension, then it would be worth building up even a small extra pension. But we don't. So unless you're going to be substantially better off, perhaps its not worth bothering Link to comment Share on other sites More sharing options...
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