Tax the people who work all their life, but give it away to people who come to this country, who haven’t put a penny into the system it’s a national disgrace , Britain not the place to live anymore. It’s so ridiculous who runs this country ffs
@@briang5586 Yet another tax! Thus, all the taxes added together make sure that the portion of your earnings you are ALLOWED to keep is much smaller than you think. Coupled with the fact that if inflation had been taken into account the allowance of £10,000 should now be an allowance of £30,000. The government has more neck than a herd of giraffes!
The ISA allowance is 20K,tax free per annum not £200 as stated.Also,an individual can earn 1K interest in addition to any ISA allowance before any interest is taxable.This is all old news!!!!
Interest on savings has always been taxed in accordance with an individual's tax allowance. I worked in a bank in the 1980s and even then people who earned over a certain amount in interest were reported to HMRC. It was more relevant then as interest rates were so high, both for borrowers and savers (mortgage rates were around 15%). The £1000 personal allowance for savings interest has been in place for years.
This is not "socialism" . All socialism requires is that you pay your fair share of tax baded on your income. Income you get from savings is "unearned" . No-one is trying to take the savings away from you. Just a fraction of the extra income you get from having those savings if that takes you over the tax threshold. That seems fair to me. It is the people like Farage who squirrel their savings into offshore accounts and the (successive) governments who have let them get away with it. And if you think Reform (which is a PLC of which Farage holds the majority if shares by the way) is going to be on the side of ordinary people, you are sadly mistaken. Farage uses all the right buzz words and click baits but doesn't give a stuff about you. Seriously.Ask the people of Clacton.
Open an offshore bank account AND NEVER ADMIT you are saving offshore. And ONLY use the ATM's when taking money out, NEVER do international bank transfers..
You're doing a fantastic job! Just a quick off-topic question: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). Could you explain how to move them to Binance?
What about these wealty in london have houses worth twenty million and cars worth half million these people they shiuld be after no old age pensioner with few pounds
Either £6K or £8K (I cant remember which) meant that you are entitled to less benefits already ? I suspect that any interest you make on your savings is irrelevant as long as your total savings (with interest) still come under the threshold
You better buying a good quality fire safe and keep your money out of the banks f u p the greedy government tax .how many time do we need to pay tax on hour money also pay cash bin the cards
@@charlesburfoot1799 Couldn't be bothered replaying it to check so ...thanks. AI is clever stuff but lazy "clever" people use it and then don't bother correcting or editing it's output.
This is just a scam.Decient tax payers have no worries.Only persistent tax dogers,need to worry.Most people already put their savings into ISAS.Tax evaders look out.Dan.
Заповеди Бога гласит Накорми не Убей не забери Не Укради будь честным передок так как даёшь присягу во благо Отечества и народа а если не поровну делимся с народом значит работа идёт не во благо народа а если работа идёт не во благо народа то народ не с тобой а значит нет денег с тобой что там дальше двигать если дальше Нехер прыгать сижу у разбитого корыта и жду деда пока будет всё накрыто
Tax the people who work all their life, but give it away to people who come to this country, who haven’t put a penny into the system it’s a national disgrace , Britain not the place to live anymore. It’s so ridiculous who runs this country ffs
Don't worry Starmer has his pension tax free. Another law for us and one for them
He also has a law that protects his regardless of any changes….
And his own law makes sure the sum rises each year with inflation which noone else’s does in the CPS
Evidence please?
@@snowiecat456 its quiet known. Look it up
Tax on money you've already paid tax on...
What's VAT then when you spend it?
@@briang5586 Yet another tax! Thus, all the taxes added together make sure that the portion of your earnings you are ALLOWED to keep is much smaller than you think. Coupled with the fact that if inflation had been taken into account the allowance of £10,000 should now be an allowance of £30,000. The government has more neck than a herd of giraffes!
Theeves and Kid Starver have to go
Same rules as when the Tories were in power
I bet Starmers savings won't be TAXED !!!!
Tax on tax on tax on tax.... B......s
No you are only paying tax on the interest earned.All civilised societies run and exist on taxation.Dan.
I withdrew entire pension to help purchase a house. Anything else I take out in cash to keep in a safe place
What about the very rich pensioners will they turn a blind eye❤
As the banks tell them anyway then what is the issue?, they already know!!!
I thought exactly the same thing.
Vultures..Nick your eyeballs and come back for the holes
just looking at the pictures its the pensioners they are after
Get your cash out of the system, convert it to Precious metals coin of the realm and they can't touch it.
This info is false you do not pay tax on savings just the interest in icr above 20,000 per person
The ISA allowance is 20K,tax free per annum not £200 as stated.Also,an individual can earn 1K interest in addition to any ISA allowance before any interest is taxable.This is all old news!!!!
Thank you!
Interest on savings has always been taxed in accordance with an individual's tax allowance. I worked in a bank in the 1980s and even then people who earned over a certain amount in interest were reported to HMRC. It was more relevant then as interest rates were so high, both for borrowers and savers (mortgage rates were around 15%). The £1000 personal allowance for savings interest has been in place for years.
It would be alright if the information was right on vid. And do ur RESEARCH and fix the AI voice over
This is socialism for you. 🤣 vote Reform😊.
This is not "socialism" . All socialism requires is that you pay your fair share of tax baded on your income. Income you get from savings is "unearned" . No-one is trying to take the savings away from you. Just a fraction of the extra income you get from having those savings if that takes you over the tax threshold. That seems fair to me. It is the people like Farage who squirrel their savings into offshore accounts and the (successive) governments who have let them get away with it. And if you think Reform (which is a PLC of which Farage holds the majority if shares by the way) is going to be on the side of ordinary people, you are sadly mistaken. Farage uses all the right buzz words and click baits but doesn't give a stuff about you. Seriously.Ask the people of Clacton.
Open an offshore bank account AND NEVER ADMIT you are saving offshore. And ONLY use the ATM's when taking money out, NEVER do international bank transfers..
Interest is taxed at source.
Not
any. More
You're doing a fantastic job! Just a quick off-topic question: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). Could you explain how to move them to Binance?
Yes I can advise you.
What about these wealty in london have houses worth twenty million and cars worth half million these people they shiuld be after no old age pensioner with few pounds
And if everyone had a brain, you would know all tax is VOLUNTARY ONLY..
Either £6K or £8K (I cant remember which) meant that you are entitled to less benefits already ?
I suspect that any interest you make on your savings is irrelevant as long as your total savings (with interest) still come under the threshold
You better buying a good quality fire safe and keep your money out of the banks f u p the greedy government tax .how many time do we need to pay tax on hour money also pay cash bin the cards
How is this for saving money, getting out of this awful country?
This says Annual Isa Allowance 200?
200 zere zero which is the first time I have seem 20000 stated this way. A. I?
@@charlesburfoot1799 Couldn't be bothered replaying it to check so ...thanks. AI is clever stuff but lazy "clever" people use it and then don't bother correcting or editing it's output.
They take politicians we give the tax payer how the fook are they allowed to get away with it 😡😡😡
Not what it's pretending to be- waste of time
Correction: if it goes over £5,000.00 you have to fill in a bl**dy Tax form.
Is only 1000 so take it out every year and have a short break.
AI generated people in the video, even the lettering on the forms isn't 3ven in English, it's unreadable
Yes, some of them have an extra finger!
This is just a scam.Decient tax payers have no worries.Only persistent tax dogers,need to worry.Most people already put their savings into ISAS.Tax evaders look out.Dan.
Another A.I. narrated TH-cam channel, great -- not
200 annual ISA allowance? Should that be 20,000 or are you talking interest? Or are you mangling english with two hundred zero zero? 😂
Заповеди Бога гласит Накорми не Убей не забери Не Укради будь честным передок так как даёшь присягу во благо Отечества и народа а если не поровну делимся с народом значит работа идёт не во благо народа а если работа идёт не во благо народа то народ не с тобой а значит нет денег с тобой что там дальше двигать если дальше Нехер прыгать сижу у разбитого корыта и жду деда пока будет всё накрыто
They must ge getting fkin desperate to fill there back pockets
Google "do you have to declare interest on savings UK" to get the facts. The majority of savers interest falls well below the declaration threshhold.