Rachel Reeves says higher taxes on wealthy ‘part of the story’ for November budget

[Mottie]

How many employees did you have?

4 including myself but the number of employees is irrelevant.

 

[Notch7]

You really have no clue. Do you know the difference between salary and dividend payments? You've obviously never run a limited company.

A person using Ltd route to minimise tax would limit their PAYE to their tax allowance typically £12,570 not minimum wage of £25,396


Therefore a person paying themselves by dividends would not be earning min wage.

I am sorry you are wrong, how embarrassing for you

 

[Brigadier]

4 including myself but the number of employees is irrelevant.

But how you paid yourself is.

 

[Mottie]

But how you paid yourself is.

How?

 

[Mottie]

A person using Ltd route to minimise tax would limit their PAYE to their tax allowance typically £12,570 not minimum wage of £25,396


Therefore a person paying themselves by dividends would not be earning min wage.

I am sorry you are wrong, how embarrassing for you

Minimum wage is an hourly rate, not a yearly one and certainly doesn’t assume that that person works a 40 hour week for 52 weeks of the year. The 'minimum wage' a company director pays themselves is to avoid NI payments. Dividends are used to avoid NI payments and you used to have a bigger dividend allowance. Not so much these days though, it’s been cut to practically nothing these days.

 

[motorbiking]

Poor chicken boy is valiantly hoping people will believe his false claim that an ETF is a bond.



To cover up his ignorant assertion that bonds pay dividends.

that one does, there are others too. Sorry you didn't know.

 

[motorbiking]

You literally said: “here is a high yield bond”

Its literally in the title : "High Yield Corporate Bond"

Nobody has said all ETFs are bonds.

 

[motorbiking]

A person using Ltd route to minimise tax would limit their PAYE to their tax allowance typically £12,570 not minimum wage of £25,396


Therefore a person paying themselves by dividends would not be earning min wage.

I am sorry you are wrong, how embarrassing for you

it doesn't benefit the Rich, apart from £500 of income tax free. Anyone paying themselves in the way you describe would have their dividends taxed as income. HMRC would be on to you.

A better approach for a company owner is to issue RSUs or better still create a Royalty vehicle, in a tax efficient location and charge the business a licensing fee to reduce corporation tax in the local region. If only the government wanted to make that tax efficient location the UK, just think of all the taxes we would collect.

 

[JohnD]

Nobody has said all ETFs are bonds.

But only the chicken biker showed us an ETF, and wrongly claimed it was a bond.

Poor biker.

 

[aveatry]

A mate of mine is buying a house and it is a landlord selling up and the landlord is pushing to get the deal done before the budget

 

[motorbiking]

But only the chicken biker showed us an ETF, and wrongly claimed it was a bond.

Poor biker.

I wonder what a "Global ex-US High Yield Corporate Bond" might be, if only the clue was in the title. Is it a Fund that you can invest in made up of Bonds. I think it is.

here is another Bond fund that pays dividends. There might be a few more...

SPDR FTSE Global Convertible Bond UCITS ETF GBP Hedged (Dist) | GCVG | IE00BDT6FT30

Key facts and comparisons for SPDR FTSE Global Convertible Bond UCITS ETF GBP Hedged (Dist) (GCVG | IE00BDT6FT30) ➤ justETF – The ETF Screener

www.justetf.com

ahh yes at least another 50

The Best Bond ETFs 2025

Compare the best Bond ETFs 2025 at a glance. Currently, the best performing index with 21.80% is the FTSE Qualified Global Convertible (GBP Hedged).

www.justetf.com

Poor Johnyboy the clueless cock on a moped... again

Perhaps a simple question might help.
Are these Funds that invest in Bonds? yes or no
Do these Funds invested in bonds pay dividends? yes or no

 

[motorbiking]

A mate of mine is buying a house and it is a landlord selling up and the landlord is pushing to get the deal done before the budget

House prices are falling in most areas, a few places are rising, but that is because the shock wave is still moving out. If the LL wants to hurry and he is already saving agent fees, then a better deal might be available.

"Hello LL I've spoken to my [insert blah blah solicitor/mortgage lender] and there will be be an additional fee to accelerate the work - I need you to find [insert amount] can you accommodate this?"

 

[diy_fun_uk]

I heard on LBC it was someone earning £46k a year or more. Vanassa Feltz had a phone in on it.

This is the thing. They (politicians) love trotting out the phrase 'those with the broadest shoulders ...' and every time it's used I wonder who they're referring to i.e. from what starting point income wise.

 

[morqthana]

1. tax capital gains at the same rate as income tax - i know so many people who get around tax by doing this
2. Dividends again tax those at the same rate as income tax , again i know a lot of people who setup there company like this and take a very very small salary - JUST enough for threshold of TAX and NI

Simplest way to do that, rather than taxing them as separate things but at the same rate, people just report those as income, and it all gets rolled together.

Maybe do the same with NI, simplify the mechanics of collecting tax? Abolish NI and adjust income tax? Isn't a separate NI charge (which is not hypothecated) basically a remnant from the days when people actually had stamps on a physical card to prove entitlement to benefits?

3. Introduce a Tobin or "Robin Hood" tax. A tax on financial transactions would not hurt business or investment one iota. Nobody who buys shares as a real long term investment, be they individuals, pension funds, hedge funds, would pay anything significant.

 

[diy_fun_uk]

A mate of mine is buying a house and it is a landlord selling up and the landlord is pushing to get the deal done before the budget

Don't blame him. I'm a LL (no I'm not rich, no I don't drive a Range Rover, no I don't make thousands per month on my properties) and I see down south they're now starting to make it even more arduous to be one, something we're already experiencing up here.

They seem hellbent on driving private LLs out the game (certainly the smaller scale ones). Ah well, if only folk realised it'll mean less places to rent. Not only that, because there are less and less properties, it's driving rents up.