Hands up anyone who would forever like their pay capped at £35k (or whatever it is) to legally avoid paying higher rate of tax.
It's over £50k, actually.
Plenty of people would be very happy to have their pay fixed at that point.
Hands up anyone who would forever like their pay capped at £35k (or whatever it is) to legally avoid paying higher rate of tax.
The shift from owner/occupier homes to the rental model is one of those long term measures. I know what kickstarted it & I know who kickstarted it, I don't know why but I do know it isn't over yet. We have the near future probability that the owner/occupier model will be around the 5% mark.
It's over £50k, actually.
Plenty of people would be very happy to have their pay fixed at that point.
Bullshit. Hands up anyone who would like to stop paying higher rate tax.
Sea of hands up.
Hands up anyone who would forever like their pay capped at £50k (or whatever it is) to legally avoid paying higher rate of tax or repaying their student loan.
No one? Really? Seems like a great tax/student loan avoidance measure to me.
Edited for accuracy
Actually the idiot post Filly copied was referring to the repayment threshold for student loans. That's at 27,000 ish at the moment. So once you go over that you pay an extra 9% tax (or loan repayment, whatever you wish to call it) on anything over the threshold until you've paid your debt off, or 30 years, whichever is sooner.It's over £50k, actually.
Plenty of people would be very happy to have their pay fixed at that point.
Actually the idiot post Filly copied was referring to the repayment threshold for student loans. That's at 27,000 ish at the moment. So once you go over that you pay an extra 9% tax (or loan repayment, whatever you wish to call it) on anything over the threshold until you've paid your debt off, or 30 years, whichever is sooner.
Really?Owner occupation has never been as high as now.
Actually most don't keep ahead of the (compound) interest rate that is charged.The really odd but about this is the people who pay the most are the mid earners. If you earn under the threshold you never pay a penny. If you get paid a lot then you pay it off quickly. If you're a nurse then you pay it off just slowly enough that you keep ahead of the interest and pay it off just as it expires.
Who'd want to ramp up £100k+of debt to treat old gits freeloading the system?Who'd want to ramp up £27k of debt just to get that extra gold star pin badge on your uniform in McDonald's?
Luckily most of the freeloaders will have kicked the bucket by then
What were the fees then ? My son owes over £40k, can't see that ever being paid off.I was aware, but didn't phrase my response correctly. My daughter (Physics grad then IT security) paid hers off in about 4 years having breached the threshold from day one. This was 2007 ish.
This is laughable. Did you write this filly?
Really?
"Homeownership has been in decline in the United Kingdom, falling from an all-time high of 70.9% in 2003 to 63.9% in 2018. This decline has coincided with a revival of the private rental market."