Omega Owners Forum
Chat Area => General Discussion Area => Topic started by: Field Marshal Dr. Opti on 26 November 2025, 11:22:00
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Expect to see a few minor rabbits pulled from the hat to disguise the fox Rachel from accounts lets loose in the hen house. :)
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Well they have just screwed everyone over who is paying into pensions.....
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No need to watch the budget, just read the OBR report which was released early by mistake. OOPS 😂
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How's Rachael from Accounts' resignation speech going :-\
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Get the food take a ways paying Tax and VAT as they should, then get all the company's that are moving from the UK and others registered abroad to pay appropriate Tax/VAT on sales they make in the Uk.
The list could go on and on.
Bankers rewards
MP's Expenses/wages
Would imagine the revenues if all were collected efficiency would make Brittain Great again.
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Well they have just screwed everyone over who is paying into pensions.....
the salary sacrifice change applies from 2029 so there is chance to maximise contributions prior to then, even utilising carry forward unused annual allowance if you can...
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Get the food take a ways paying Tax and VAT as they should, then get all the company's that are moving from the UK and others registered abroad to pay appropriate Tax/VAT on sales they make in the Uk.
The list could go on and on.
Bankers rewards
MP's Expenses/wages
Would imagine the revenues if all were collected efficiency would make Brittain Great again.
People might even start spelling it correctly. Doubtful though :-\
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Well they have just screwed everyone over who is paying into pensions.....
the salary sacrifice change applies from 2029 so there is chance to maximise contributions prior to then, even utilising carry forward unused annual allowance if you can...
2029 is the year that the Tories will have make some very big promises to get reelected. This measure won't collect a huge amount of revenue, so......
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I very much doubt this shower of shit will be in charge in 2029...
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One of our neighbours has two electric cars a Tesla & a Merc always going on about paying no road tax , well that's about to change apparently, to 3 pence for every mile driven & then rising with inflation had to happen eventually. I think our petrol hybrid won't be affected at the moment.
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Your hybrid will be affected.
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Your hybrid will be affected.
1.5p a mile, I think.
Milk float Jag has gone from zero road tax to £195. Inevitable really. :-X
If they keep the lowest tax rate at £12570 until 2031 there will certainly be some poor people (and pensioners) paying tax.
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High tax, high spend budget.
They claim the number one priority is economic growth, but high tax / high spend means this is unlikely in the extreme.
Economic illiteracy yet again, but its in Labours DNA.
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Your hybrid will be affected.
Only plug in hybrids
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Ah, I think your right. :y
Makes a change. :P ;D
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Ah, I think your right. :y
Makes a change. :P ;D
I'm always right, and you know it :P
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High tax, high spend budget.
They claim the number one priority is economic growth, but high tax / high spend means this is unlikely in the extreme.
Economic illiteracy yet again, but its in Labours DNA.
Agreed...the 2 don't tend to go together.
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I'm pretty shit at Maths, and even I know that low taxation promotes growth which in turn increases tax revenue.
It's not rocket science but apparently the Leftists have never been able to figure that out... In fact dyspraxia is a prerequisite of being a Labour chancellor. Go figure.
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Despite all the hype, I'm find it hard to get even slightly upset about this budget. We will all get to keep less of any pay rises in future, but they are still positive figures, not negative. As far as I can see, no one will starve to death.
If anyone on here is negatively affected (apart from salary sacrifice), please let us know how exactly.
I'm assuming no one has a property worth £2 million+ and, even if you do, it's only £4500.
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State pensioners, like me, have already had a £200 winter fuel allowance and will get about £550 next April. There's nothing to moan about there. Also, over 65's get to keep their full £20,000 tax free isa allowance.
Anyone who complains about the reduction to £12,000 from April 2027....well....you can hardly claim poverty if you can afford to save that much.
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Only £4,500 ;D
Part of our pay deal was a profit share, potentially this will push some people over the the lower bracket limits or if it goes into pension pots, as is an option, then it will trigger the NI on pension contributions. Personally, that's £1,200 a year, but anything over £800 from the profit share will cause this to happen.
Ok, I am fortunate in that a reasonable chunk of my pay currently doesn't attract tax, but that amount varies each month.
It might seem like a bit here or there, but it's on top of everything that's already taken.
This helps to explain just how incompetent Rachael from Accounts actually is...
https://youtu.be/DENkFzTmyiY?si=xSrCU2YdvNNkxzSF
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Only £4,500 ;D
Part of our pay deal was a profit share, potentially this will push some people over the the lower bracket limits or if it goes into pension pots, as is an option, then it will trigger the NI on pension contributions. Personally, that's £1,200 a year, but anything over £800 from the profit share will cause this to happen.
Ok, I am fortunate in that a reasonable chunk of my pay currently doesn't attract tax, but that amount varies each month.
It might seem like a bit here or there, but it's on top of everything that's already taken.
This helps to explain just how incompetent Rachael from Accounts actually is...
https://youtu.be/DENkFzTmyiY?si=xSrCU2YdvNNkxzSF
I'm not interested in YouTube explanations. £4500 I'd not that much if you own a £2 million house, and it's less than you spent upgrading your merc.
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Bloody hell! :o Uncle STEMO's become a socialist! ;D
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Someone once said 'You've never had it so good', and people who grew up in the 50's and 60's, like me, know exactly what being skint actually means.
Like I've said on here before, if people are so envious of the amount benefit claimants get, give it a whirl and see if it suits.
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Bloody hell! :o Uncle STEMO's become a socialist! ;D
Not at all, Tigger, but I'm not jumping on the 'we're all skint' bandwagon, when we patently aren't. I hate seeing money spent on asylum seekers and work shy bastards as much as the next man, but I wouldn't swap places with them.
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Only £4,500 ;D
Part of our pay deal was a profit share, potentially this will push some people over the the lower bracket limits or if it goes into pension pots, as is an option, then it will trigger the NI on pension contributions. Personally, that's £1,200 a year, but anything over £800 from the profit share will cause this to happen.
Ok, I am fortunate in that a reasonable chunk of my pay currently doesn't attract tax, but that amount varies each month.
It might seem like a bit here or there, but it's on top of everything that's already taken.
This helps to explain just how incompetent Rachael from Accounts actually is...
https://youtu.be/DENkFzTmyiY?si=xSrCU2YdvNNkxzSF
I'm not interested in YouTube explanations. £4500 I'd not that much if you own a £2 million house, and it's less than you spent upgrading your merc.
It's from Sky News yesterday, hardly a YouTube explanation :D
If I had a £illion.pound house, not that that buys much nowadays down South, I wouldn't have the spare to.piss around with the car.
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Im in a salary sacrifice pension scheme.
Im a state pensioner who is still working. The fiscal drag of tax allowances remaining unchanged mean I effectively pay 20% tax on my state pension, and inflation will eat into my standard of living.
One of the reasons Im still working is that Gordon Brown hammered those of us who were responsible enough to pay into private pensions out of our wages at the time.
There should be a law against Labour being in charge of the countries finances, even if they are in Government.
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Im in a salary sacrifice pension scheme.
Im a state pensioner who is still working. The fiscal drag of tax allowances remaining unchanged mean I effectively pay 20% tax on my state pension, and inflation will eat into my standard of living.
One of the reasons Im still working is that Gordon Brown hammered those of us who were responsible enough to pay into private pensions out of our wages at the time.
There should be a law against Labour being in charge of the countries finances, even if they are in Government.
You're minted, Albs, it's common knowledge ;D
Driving around the country lanes of Essex in your Porsche, life of Riley.
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Only £4,500 ;D
Part of our pay deal was a profit share, potentially this will push some people over the the lower bracket limits or if it goes into pension pots, as is an option, then it will trigger the NI on pension contributions. Personally, that's £1,200 a year, but anything over £800 from the profit share will cause this to happen.
Ok, I am fortunate in that a reasonable chunk of my pay currently doesn't attract tax, but that amount varies each month.
It might seem like a bit here or there, but it's on top of everything that's already taken.
This helps to explain just how incompetent Rachael from Accounts actually is...
https://youtu.be/DENkFzTmyiY?si=xSrCU2YdvNNkxzSF
I'm not interested in YouTube explanations. £4500 I'd not that much if you own a £2 million house, and it's less than you spent upgrading your merc.
It's from Sky News yesterday, hardly a YouTube explanation :D
If I had a £illion.pound house, not that that buys much nowadays down South, I wouldn't have the spare to.piss around with the car.
Why watch sky news on YouTube? Just watch sky news ;D
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That would involve being at home ::)
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That would involve being at home ::)
Right, never thought of that. It's a hard life, jetting off all over the world. ;D
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That would involve being at home ::)
Right, never thought of that. It's a hard life, jetting off all over the world. ;D
8 nights at home every month and away for Christmas and New Year. Still easier than being at home without the pooch.
The thing with the houses, bro and sil bought a house for about £500k with her parents in 2009. Now worth near emo £1.5m. They both pay higher tax rates, but they don't earn 6 figures. Just a normal couple that got lucky with the market and circumstance. They'd notice a £4,500 bill. As would alot of other people in similar circumstances
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That would involve being at home ::)
Right, never thought of that. It's a hard life, jetting off all over the world. ;D
8 nights at home every month and away for Christmas and New Year. Still easier than being at home without the pooch.
The thing with the houses, bro and sil bought a house for about £500k with her parents in 2009. Now worth near emo £1.5m. They both pay higher tax rates, but they don't earn 6 figures. Just a normal couple that got lucky with the market and circumstance. They'd notice a £4,500 bill. As would alot of other people in similar circumstances
They'd notice it, but they won't get it, because their house isn't worth £2million
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Point being just because your house is hypothetically worth X amount doesn't mean you paid anything like it ;)
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All the mention of the mansion Tax of £4500?
I thought it was set at £2500 for homes over £2,000,000
So after googling several reports are saying
A new council tax surcharge, aka the “mansion tax”, will apply to properties valued at £2m or more. A flat amount will apply to four bands over that value, starting at £2,500 for properties valued between £2m and £2.5m. The mansion tax will be capped at £7,500 for properties of over £5m.
https://www.bbc.co.uk/news/articles/ce910z9jd3po
Also mentioning that it starts in 2028
So this then starts a new debate based on the value as there have been reports of the council tax ratings being totally out of date so how would they value a £2.000.000 property?
On its sale valuation, it's Rateable value or is this why the valuation/Rateable value discussion was on the news a while back was started so that they could amend it knowing the Mansion Tax was to be applied.
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Even less than I said then. But, as you point out, it will be very difficult to precisely value a home at, say, £500 under £2million or £500 over £2million.
It's also going to be a nightmare estimating annual mileage for EVs.
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I've just read that this 'mansion tax' is likely to raise £400million by 28/29. FFS, is it worth all the news inches for such a paltry amount? (In the context of government revenue)
It just smacks of labour trying to show that they're whacking the wealthy, for the benefit of a few dim back benchers.
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State pensioners, like me, have already had a £200 winter fuel allowance and will get about £550 next April. There's nothing to moan about there. Also, over 65's get to keep their full £20,000 tax free isa allowance.
Anyone who complains about the reduction to £12,000 from April 2027....well....you can hardly claim poverty if you can afford to save that much.
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Better off spending any cash in ISAs now, can't see any point in being the richest guy in the cemetery.
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Point being just because your house is hypothetically worth X amount doesn't mean you paid anything like it ;)
.. and the fact that this measure is conveniently based on an arbitrary value rather than just applying to the top council tax band, for example, means that this will be yet another tax threshold that they can conveniently freeze until, in a decade or two, after a bit of inflation, we're all paying it. .. and whereas the council tax banding system has arguably worked OK for a couple of decades without constant re-valuation of properties, this one won't.
Not that Rachel from accounts has that long left in the job. ;D
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State pensioners, like me, have already had a £200 winter fuel allowance and will get about £550 next April. There's nothing to moan about there. Also, over 65's get to keep their full £20,000 tax free isa allowance.
Anyone who complains about the reduction to £12,000 from April 2027....well....you can hardly claim poverty if you can afford to save that much.
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Better off spending any cash in ISAs now, can't see any point in being the richest guy in the cemetery.
Everyone's circumstances are different. My wife still, officially, has 12 years to go until retirement. She won't wait that long, of course.
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State pensioners, like me, have already had a £200 winter fuel allowance and will get about £550 next April. There's nothing to moan about there. Also, over 65's get to keep their full £20,000 tax free isa allowance.
Anyone who complains about the reduction to £12,000 from April 2027....well....you can hardly claim poverty if you can afford to save that much.
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Better off spending any cash in ISAs now, can't see any point in being the richest guy in the cemetery.
Everyone's circumstances are different. My wife still, officially, has 12 years to go until retirement. She won't wait that long, of course.
You've got a wife :o
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State pensioners, like me, have already had a £200 winter fuel allowance and will get about £550 next April. There's nothing to moan about there. Also, over 65's get to keep their full £20,000 tax free isa allowance.
Anyone who complains about the reduction to £12,000 from April 2027....well....you can hardly claim poverty if you can afford to save that much.
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Better off spending any cash in ISAs now, can't see any point in being the richest guy in the cemetery.
Everyone's circumstances are different. My wife still, officially, has 12 years to go until retirement. She won't wait that long, of course.
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That's handy Steve, you can spend her salary as well 👍
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State pensioners, like me, have already had a £200 winter fuel allowance and will get about £550 next April. There's nothing to moan about there. Also, over 65's get to keep their full £20,000 tax free isa allowance.
Anyone who complains about the reduction to £12,000 from April 2027....well....you can hardly claim poverty if you can afford to save that much.
.
Better off spending any cash in ISAs now, can't see any point in being the richest guy in the cemetery.
Everyone's circumstances are different. My wife still, officially, has 12 years to go until retirement. She won't wait that long, of course.
You've got a wife :o
Obviously a long suffering one. ::) >:D
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Better off spending any cash in ISAs now, can't see any point in being the richest guy in the cemetery.
Not to mention that if its in a cash ISA its likely not anywhere near keeping up with inflation, so its buying power will probably be shrinking quite dramatically with each year that goes by.
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I've just read that this 'mansion tax' is likely to raise £400million by 28/29. FFS, is it worth all the news inches for such a paltry amount? (In the context of government revenue)
It just smacks of labour trying to show that they're whacking the wealthy, for the benefit of a few dim back benchers.
From what I read it doesn't start till 2028 so it's giving them plenty of time to save up for their 1st payment or find a loophole to avoid paying it.
It's like the home tax's over the years though, it was based on the number of windows a house had, so people bricked them up on bigger houses, then it was based on the the number if radiators the house had.
The next one will be on the number of solor panels a house has, then how many cars you can park on your drive.
Basically they cant run the country within a budget so we have to pay for their errors.
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Not enough for defence. 2.6 % GDP so a soft budget. You got off lightly.
Weren”t NATO members supposed to up spending to a target of 5%, as per Trumpy?
( buy shares in drone building companies)
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Not enough for defence. 2.6 % GDP so a soft budget. You got off lightly.
Weren”t NATO members supposed to up spending to a target of 5%, as per Trumpy?
( buy shares in drone building companies)
We can't spend money on defence and take 500,000 children out of poverty. The wánker Starmer was getting all emotional about these children on the news at lunchtime. Playing to his back benchers again.
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Not enough for defence. 2.6 % GDP so a soft budget. You got off lightly.
Weren”t NATO members supposed to up spending to a target of 5%, as per Trumpy?
( buy shares in drone building companies)
We can't spend money on defence and take 500,000 children out of poverty. The wánker Starmer was getting all emotional about these children on the news at lunchtime. Playing to his back benchers again.
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I saw it as well , that man makes me feel physically sick he is a coniving deceitful bastard.
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Better off spending any cash in ISAs now, can't see any point in being the richest guy in the cemetery.
Not to mention that if its in a cash ISA its likely not anywhere near keeping up with inflation, so its buying power will probably be shrinking quite dramatically with each year that goes by.
CPI is 3.6%, cash ISAs paying over 4% are easy to find.