Election Year or Fear!

[Andy_Faber]

When talking about fair taxation, should standard income tax rates be applied to dividends received through share ownership?

The Income Tax Bands
Any income you earn above your Personal Allowance is taxed according to these bands:

Basic Rate: From ?12,571 to ?50,270. You pay 20% tax on this portion.
Higher Rate: From ?50,271 to ?125,140. You pay 40% tax on this portion.
Additional Rate: Any income over ?125,140. You pay 45% tax on this portion.

Dividend Tax Rates and Bands
Dividend tax is calculated based on your overall taxable income, which includes both salary and dividends. The tax rates for dividends are lower than regular income tax rates, providing a tax-efficient way to pay yourself. The dividend tax bands are as follows:

Basic Rate: 8.75% on dividends over ?500
Higher Rate: 33.75% on dividends falling within this range
Additional Rate: 39.35% on dividends above ?125,140

Dividends are income, aren't they? Simply add dividend income to income earned through work and pay the tax.

From the small business owner perspective I?ve always seen this as a reward for effort/risk of, say, the honest hard working electrician or tree surgeon. You could say that doesn?t apply in every case but I?d counter by saying that?s true for all taxes and allowances, there?s always anomalies

NB that?s a dispassionate view, I?m not a small business owner/shareholder, and I?m guessing my perspective isn?t that of HMG, I don?t know their logic

[Geoff Parkstone]

For example the alumnus of the current prime minister, who was I believe a beneficiary of bursary funding. There are just under 1100 pupils there of which 150 have bursaries, scholarships etc. Thats lamost 15% of admissions.

The fees there for day pupils are about ? 9500 a term plus plenty of extras as a mate of mine can attest to having had a daughter there. Thats somewhat more expensive than Trent College and my alma mater as previously quoted. Bursaries can cover 110% of these fees.

I reckon 15% of your intake in a (medium high cost) private school aint a bad start to redressing the unfairness perceived by rA. And it didnt do 2TS any harm in terms of career progression.

[swaledale]

For example the alumnus of the current prime minister, who was I believe a beneficiary of bursary funding. There are just under 1100 pupils there of which 150 have bursaries, scholarships etc. Thats lamost 15% of admissions.

The fees there for day pupils are about ? 9500 a term plus plenty of extras as a mate of mine can attest to having had a daughter there. Thats somewhat more expensive than Trent College and my alma mater as previously quoted. Bursaries can cover 110% of these fees.

I reckon 15% of your intake in a (medium high cost) private school aint a bad start to redressing the unfairness perceived by rA. And it didnt do 2TS any harm in terms of career progression.

So, you use a stupid set of initials, as in 2TS, to repeat an untruth promoted by right wing media? Second time you've done that recently, given your negative comment and false on Labour and immigration, I'm beginning to see why you were so defensive of the right wing press that prints this bollox, you seem to like repeating it and seemingly swallow the BS!

[Geoff Parkstone]

So, you use a stupid set of initials, as in 2TS, to repeat an untruth promoted by right wing media? Second time you've done that recently, given your negative comment and false on Labour and immigration, I'm beginning to see why you were so defensive of the right wing press that prints this bollox, you seem to like repeating it and seemingly swallow the BS!

That'll be it, damn I've been rumbled by 2SS

[swaledale]

That'll be it, damn I've been rumbled by 2SS

Just surprised that someone who I assumed, (careless of me I know) had some degree of intellectual capability, repeatedly includes in their posts inaccuracies, false propositions and tropes repeatedly published by certain media. Which suggests you believe this bollux, otherwise why repeat it?

[Andy_Faber]

I’m just reacting to your suggestion that it would be unfair to deprive hard working parents of the opportunity to invest in their children’s education.
I recognise your point but having spent the whole of my professional life working with relatively deprived children I think I may have a different perspective.
Life isn’t fair, if it was good people wouldn’t suffer some of the horrible things that happen seemingly indiscriminately, while b@stards sometimes seem to get away with everything. There seems to be little we can do about that, God’s/Fortune’s will and all that.

On the other hand, in my former professional life, I came across some atrocious parents, people who should never have been allowed to breed (though how we do that I don’t know) but I also came across some of the best parents I’ve ever met who, coincidentally were amongst the poorest. They just needed more support.
That’s where I feel things are unfair. There seems little we can do about genuine misfortune but we can square the circle to some extent where entitlement to health care, shelter and, most particularly in this discussion, educational opportunity are concerned, but however ‘hardworking’ and diligent some are they will still never be able to provide in the way you so admire.

Didn?t say I admired it rA, I was merely pointing out that folk other than the ?elite? can make it happen if they work bloody hard at it

GP explains how some of the young ?stars? who would otherwise be denied access to premium education are sifted out and bumped up via scholarship and bursary, and to be honest providing a ?leg up? other than by moving the kid to another school would just get them ostracised within their state school imo

The die is of course cast in most cases by the quality of, and even presence of, parents.

[Geoff Parkstone]

Ammy tells me that in NL, the system is different. The country's future needs are looked at. If we're going to need, for instance, extra teachers in 5 years time, more Uni places for teaching degrees are opened. Specifically, they are opened for the subjects forecast to have the shortage going forward. There has been a focus on German teaching courses over the past year as, although there's no shortage in secondary education today, within the next 5 years, very many German teachers will be retiring. Germany is NL's biggest trading partner...

Despite this forward thinking approach which sees students aiming at a particular job stream, it is estimated that, for around 25% of students graduating, the job they thought they wanted to do after graduating, has been made redundant by technological advances.

He'd like to know if it's the same in the UK.

Not that I'm aware of, but it seems a sound approach

[SithHappens]

See Nigels response when asked about his racism at school was to say ' but what about the bbc'..

Don't know why he doesn't just admit it. His supporters won't be bothered.

[SithHappens]

Reports Reform have accepted a ?9 million donation from a man in Thailand. Hats off, didn't realize TTR was that wealthy.

[Ram Pant]

Reports Reform have accepted a ?9 million donation from a man in Thailand. Hats off, didn't realize TTR was that wealthy.

He's not... anymore.