terrierjohn Posted March 19, 2023 #44001 Share Posted March 19, 2023 7 minutes ago, wowzz said: Yes, but any increase will be wiped out by rising costs elsewhere. As an aside, I stopped working when I was 53. No pension (state or private) - grateful to finally achieve 65 and start getting my money back ! But at least it means you will not have to top up your spending money from your savings by as much. Link to comment Share on other sites More sharing options...
wowzz Posted March 19, 2023 #44002 Share Posted March 19, 2023 6 minutes ago, terrierjohn said: But at least it means you will not have to top up your spending money from your savings by as much. Agreed. Link to comment Share on other sites More sharing options...
Snow Hill Posted March 20, 2023 #44003 Share Posted March 20, 2023 7 hours ago, wowzz said: Yes, but any increase will be wiped out by rising costs elsewhere. As an aside, I stopped working when I was 53. No pension (state or private) - grateful to finally achieve 65 and start getting my money back ! And some pensioners with a state pension and a small private pension will be dragged into paying income tax on their pensions as they go over the personal allowance threshold, which was frozen at £12570 last April, had it risen with inflation as normal would be £13,840. 7 Link to comment Share on other sites More sharing options...
Harry Peterson Posted March 20, 2023 #44004 Share Posted March 20, 2023 3 minutes ago, Snow Hill said: And some pensioners with a state pension and a small private pension will be dragged into paying income tax on their pensions as they go over the personal allowance threshold, which was frozen at £12570 last April, had it risen with inflation as normal would be £13,840. Very true - the freezing of tax thresholds and allowances is, I suspect, going to come as quite a shock to a lot of people as they/we find ourselves dragged into paying a lot more tax, and higher rate tax. The 20% basic tax rate is a myth these days, when such a large percentage of middle income earners will now be paying higher rate taxes once charged only on the rich. 5 Link to comment Share on other sites More sharing options...
pete14 Posted March 20, 2023 #44005 Share Posted March 20, 2023 1 hour ago, Harry Peterson said: Very true - the freezing of tax thresholds and allowances is, I suspect, going to come as quite a shock to a lot of people as they/we find ourselves dragged into paying a lot more tax, and higher rate tax. The 20% basic tax rate is a myth these days, when such a large percentage of middle income earners will now be paying higher rate taxes once charged only on the rich. I read yesterday that the road fund licence (car tax) will rise by 10.1% next month, something else (along with alcohol and tobacco duty etc and the freezing of income tax thresholds) that is normally announced in the budget but wasn’t last week. ☹️ 4 Link to comment Share on other sites More sharing options...
Rupert2251 Posted March 20, 2023 #44006 Share Posted March 20, 2023 17 minutes ago, pete14 said: I read yesterday that the road fund licence (car tax) will rise by 10.1% next month, something else (along with alcohol and tobacco duty etc and the freezing of income tax thresholds) that is normally announced in the budget but wasn’t last week. ☹️ I believe that the tax thresholds were frozen last year until 2028! 1 Link to comment Share on other sites More sharing options...
Snow Hill Posted March 20, 2023 #44007 Share Posted March 20, 2023 14 minutes ago, Rupert2251 said: I believe that the tax thresholds were frozen last year until 2028! True, Hunt extended it by 2 years in November, of course that could change following the next General Election. 1 Link to comment Share on other sites More sharing options...
Snow Hill Posted March 20, 2023 #44008 Share Posted March 20, 2023 (edited) 55 minutes ago, pete14 said: I read yesterday that the road fund licence (car tax) will rise by 10.1% next month, something else (along with alcohol and tobacco duty etc and the freezing of income tax thresholds) that is normally announced in the budget but wasn’t last week. ☹️ The new Alcohol Bill will restructure the duty paid and it will be based on alcohol content, so the stronger the drink the higher the duty, it is due to apply from August. A good excuse to max out duty free allowance. Edited March 20, 2023 by Snow Hill Link to comment Share on other sites More sharing options...
Adawn47 Posted March 20, 2023 #44009 Share Posted March 20, 2023 52 minutes ago, pete14 said: I read yesterday that the road fund licence (car tax) will rise by 10.1% next month, something else (along with alcohol and tobacco duty etc and the freezing of income tax thresholds) that is normally announced in the budget but wasn’t last week. ☹️ Not forgetting rising council tax, electricity, gas and water rates next month either😒 Avril Link to comment Share on other sites More sharing options...
Rupert2251 Posted March 20, 2023 #44010 Share Posted March 20, 2023 6 minutes ago, Adawn47 said: Not forgetting rising council tax, electricity, gas and water rates next month either😒 Avril Also TV licence increasing April 2024 from £159 to £172 a year. JUST TO WATCH FOOTBALL!!! 1 Link to comment Share on other sites More sharing options...
Snow Hill Posted March 20, 2023 #44011 Share Posted March 20, 2023 10 minutes ago, Adawn47 said: Not forgetting rising council tax, electricity, gas and water rates next month either😒 Avril Fortunately my LA has frozen Council Tax for the 2nd year running, the only increase on that bill will the Adult Care Levy, Police and Fire precepts. As for gas and electricity although the EPG has been frozen at £2,500, people will not be getting the £66/£67 rebate as that ends in March, so this will be a big increase for many as not many are seeing their wages going up by the rate of inflation. 1 Link to comment Share on other sites More sharing options...
brian1 Posted March 20, 2023 #44012 Share Posted March 20, 2023 7 minutes ago, Rupert2251 said: Also TV licence increasing April 2024 from £159 to £172 a year. JUST TO WATCH FOOTBALL!!! Don't forget Eastenders,doof ,doof, doof. Link to comment Share on other sites More sharing options...
terrierjohn Posted March 20, 2023 #44013 Share Posted March 20, 2023 1 minute ago, Snow Hill said: Fortunately my LA has frozen Council Tax for the 2nd year running, the only increase on that bill will the Adult Care Levy, Police and Fire precepts. As for gas and electricity although the EPG has been frozen at £2,500, people will not be getting the £66/£67 rebate as that ends in March, so this will be a big increase for many as not many are seeing their wages going up by the rate of inflation. I thought the energy rebate had also been extended to cover the second quarter. Link to comment Share on other sites More sharing options...
Harry Peterson Posted March 20, 2023 #44014 Share Posted March 20, 2023 2 minutes ago, terrierjohn said: I thought the energy rebate had also been extended to cover the second quarter. Nope. 1 Link to comment Share on other sites More sharing options...
Snow Hill Posted March 20, 2023 #44015 Share Posted March 20, 2023 15 minutes ago, Rupert2251 said: Also TV licence increasing April 2024 from £159 to £172 a year. JUST TO WATCH FOOTBALL!!! Plus of course many of other excellent Programs and Radio stations. The vast majority of football is not on the BBC. 2 Link to comment Share on other sites More sharing options...
pete14 Posted March 20, 2023 #44016 Share Posted March 20, 2023 16 minutes ago, terrierjohn said: If we don't expect tax to increase, how do we expect the govt, any govt, to be able to increase public sector wages and spending? You make a good point but my main area of concern is that in the past, levels of duty and taxation for the coming year were announced in the budget. This year they were not because those decisions had already been taken as part of a long term strategy. The budget contained no mention or reference to most of them. 1 Link to comment Share on other sites More sharing options...
Adawn47 Posted March 20, 2023 #44017 Share Posted March 20, 2023 (edited) 1 hour ago, Snow Hill said: Fortunately my LA has frozen Council Tax for the 2nd year running, the only increase on that bill will the Adult Care Levy, Police and Fire precepts. As for gas and electricity although the EPG has been frozen at £2,500, people will not be getting the £66/£67 rebate as that ends in March, so this will be a big increase for many as not many are seeing their wages going up by the rate of inflation. A quick calculation of monies in against outgoings(April 2023) and we personally will be approx £4 mth better off. I'm not complaining, just thankful that we have have broken even, as I know many other will be worse off. Avril Edited March 20, 2023 by Adawn47 1 Link to comment Share on other sites More sharing options...
Son of Anarchy Posted March 20, 2023 #44018 Share Posted March 20, 2023 3 hours ago, pete14 said: I read yesterday that the road fund licence (car tax) will rise by 10.1% next month, something else (along with alcohol and tobacco duty etc and the freezing of income tax thresholds) that is normally announced in the budget but wasn’t last week. ☹️ Glad I taxed the bike this month, even though I've really only needed the tax for at best 3 days this month. 1 Link to comment Share on other sites More sharing options...
Ardennais Posted March 20, 2023 #44019 Share Posted March 20, 2023 3 hours ago, Snow Hill said: Plus of course many of other excellent Programs and Radio stations. The vast majority of football is not on the BBC. I think the BBC licence fee is exceptionally good value. 2 Link to comment Share on other sites More sharing options...
bobstheboy Posted March 20, 2023 #44020 Share Posted March 20, 2023 2 hours ago, davecttr said: It is a neat system once you understand it.. They get someone else to do the tax collection for them, simply by reducing your tax code allowance by the value of your state pension. However there are several people I know who still don't understand. On a brighter note my state pension will increase by 14% in April. Yes the basic pension will increase by 10.1% but there are several other things on my pension notice that go back decades and I have never heard of 🤑 Thanks for explaining the larger than 10.1% I was notified. I still don't know why, but like many my age, I have bits and pieces added on which started and stopped many years ago ie graduated pension. 2 Link to comment Share on other sites More sharing options...
Rare P&O SUE Posted March 21, 2023 #44021 Share Posted March 21, 2023 Hello all, too much to read all I’ve missed I’m afraid. I might be finally putting back our October cruise today - I keep putting it off but having to pay the final balance 3 months before puts me off. I’ve finally found one both of us agree on - 2 weeks on Arvia in September 2024! I did pay the final balance on our 4 night cruise in June last week so fingers crossed we get to go! 2 Link to comment Share on other sites More sharing options...
Rare P&O SUE Posted March 21, 2023 #44022 Share Posted March 21, 2023 I hope everyone had nice weekends - we had our son, partner and grandson over Saturday and my Mum and Dad on Sunday. Very nice family weekend that flew by. I did well with my Mother’s Day presents - flowers, chocolates and some pink Prosecco! The boy did well! 12 Link to comment Share on other sites More sharing options...
Adawn47 Posted March 21, 2023 #44023 Share Posted March 21, 2023 Good morning everyone😊 Well it's the 1st day of Spring, the clocks go forward at the weekend and it's a mild 11c even if a little cloudy. I'm trying to stay positive and get myself motivated, but it's taking longer than I had anticipated for my knee and leg to heal from my stupid fall. It's our grandson's wedding on March 31st so🤞. Anyhoo, that's enough of my whinging. @P&O SUE I hope your mum and dad are both doing well now Sue and it's eased a some of your worries. Have a good day everyone and enjoy the 1st day of Spring💐 Take care. Avril 10 2 Link to comment Share on other sites More sharing options...
Snow Hill Posted March 21, 2023 #44024 Share Posted March 21, 2023 12 minutes ago, Adawn47 said: Good morning everyone😊 Well it's the 1st day of Spring, the clocks go forward at the weekend and it's a mild 11c even if a little cloudy. I'm trying to stay positive and get myself motivated, but it's taking longer than I had anticipated for my knee and leg to heal from my stupid fall. It's our grandson's wedding on March 31st so🤞. Anyhoo, that's enough of my whinging. @P&O SUE I hope your mum and dad are both doing well now Sue and it's eased a some of your worries. Have a good day everyone and enjoy the 1st day of Spring💐 Take care. Avril That was yesterday https://www.almanac.com/content/first-day-spring-vernal-equinox 1 Link to comment Share on other sites More sharing options...
Josy1953 Posted March 21, 2023 #44025 Share Posted March 21, 2023 23 minutes ago, Adawn47 said: Good morning everyone😊 Well it's the 1st day of Spring, the clocks go forward at the weekend and it's a mild 11c even if a little cloudy. I'm trying to stay positive and get myself motivated, but it's taking longer than I had anticipated for my knee and leg to heal from my stupid fall. It's our grandson's wedding on March 31st so🤞. Anyhoo, that's enough of my whinging. @P&O SUE I hope your mum and dad are both doing well now Sue and it's eased a some of your worries. Have a good day everyone and enjoy the 1st day of Spring💐 Take care. Avril Rest that knee and leg so that you can show everyone how to dance at you grandson's wedding. March the 31st had better be a nice sunny day for the wedding photographs. My mum told me that March 31st 1953 was a lovely spring day, she remembered it well because she was busy giving birth to me. 🤣 10 Link to comment Share on other sites More sharing options...
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