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rob, Sun 1 Apr 2001, 1:00)
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why would anyone have savings or investments?that's so selfish.
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rachelswipe with a fork, Wed 20 Aug 2014, 13:46,
Reply)
investments very often pay for vital infrastructure, commercial property and medical research(, Wed 20 Aug 2014, 13:47, Reply)
Yeah you'd love to taste my lentils, wouldn't you?(
tangledupinblue hairy badge with moving eyes, Wed 20 Aug 2014, 13:56,
Reply)
i'd rather smell your mung beansno, wait...
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rachelswipe with a fork, Wed 20 Aug 2014, 14:01,
Reply)
Is it because not everyone has a loaded daddy that pays for everything?(, Wed 20 Aug 2014, 13:50, Reply)
no, it's because saving it for yourself or your family is SELFISHyou should give it all to SOCIETY
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rachelswipe with a fork, Wed 20 Aug 2014, 13:51,
Reply)
don't make me agree with youneither of us enjoy that
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rachelswipe with a fork, Wed 20 Aug 2014, 14:18,
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Proportially to how much it would be taxed if being spent? Rather than hoarded? I'm only asking, I've personally no real problem with reasonable levels of savings and I think investment is key, I'm just not as econosmart as I could be.
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Windy Pig I'm naturally quite suspicious about the moon., Wed 20 Aug 2014, 13:59,
Reply)
interest is taxed at 20%, with an additional 20 or 25% payable by higher and additional rate payers.Cash NISAs pay gross interest, but with such feeble rates of interest that they're only really suitable for emergency funds.
Even S&S NISAs aren't entirely tax free. The 10% tax credit on dividends can't be reclaimed.Having said that, it's very easy to get 5% from a stocks and shares NISA, if you want real returns rather than erosion from inflation then that's what you need to do.
(, Wed 20 Aug 2014, 14:19, Reply)
What's your views on AESOPs and SAYE schemes?I pay £30 a month into an AESOP and my employer matches it. £60 of company shares per month, for £30. BOOM.
(, Wed 20 Aug 2014, 14:26, Reply)
any deal where you get free money is a good oneTotal no brainer. You have a DB pension, right?
(, Wed 20 Aug 2014, 14:28, Reply)
Long story. Started off as final salary, non-contributory, when I joined 20 years ago.Then they capped the pensionable salary increases to 2% p.a. Now they've fucked that altogether and my final pensionable salary will be what I'm on NOW.
As a half-arsed apology for that, they're giving us a 3% bonus in Nov which I can either put in as an AVC or take as cash. Obviously I'm doing the former.
Cunts.
(, Wed 20 Aug 2014, 14:32, Reply)
still, DB schemes are extremely generous.Most annuity clients don't take escalation as an option because the starting income is so low. Your pension will have automatic increases, that's where the value is.
(, Wed 20 Aug 2014, 14:34, Reply)
Does it? I haven't a fucking clue to be honest.Will probably look at setting up some AVCs as well I think.
(, Wed 20 Aug 2014, 14:38, Reply)
That's something at least.But it pisses me off immensely that in my remaining career my salary could potentially double and it would have 0 impact on my pension.
(, Wed 20 Aug 2014, 14:44, Reply)
Plus I work from home, so stealing office stationary to supplement my income isn't really much of an option.(, Wed 20 Aug 2014, 14:45, Reply)
I've got a SAYE scheme on the go at the momentI can buy company shares at 40p in 2016, which are currently worth nearly twice that.
If the price was to plummet in the meantime, I can just take the money back out, with a bonus. Can't lose.
(, Wed 20 Aug 2014, 14:46, Reply)
depends on the funds mate, if you stuck everything in a single fund and it underperformed then tough shit.At my last place, our balanced aggressive portfolio had done 66% over the previous 5 years and 17% over the previous 12 months.
If yours has done badly then you had a shit adviser.
(, Wed 20 Aug 2014, 14:47, Reply)
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