It does not work like that. If you have a good amount of money( eg 15k) in fixed rate saving account for eg 5 years at may be 4%, if this interest is compounded every year, by the end of 5 years you will have earned over 3k in interest. Basic tax payer are allowed 1k tax free, the whole interest will be taxed as ONE year! Bank will inform HMRC, no escape. Not fair! Better to draw out the interest of £600 every year tax free. Why do people hide this fact? Even Government is not willing to be clear and informative.
Hit $12,590 k today. Thank you for all the knowledge and nuggets you had thrown my way over the last week .i started with 3k in last week 2024..... now i just hit $12,590..
I've been making a lot of looses trying to make profit trading. I thought trading on a demo account is just like trading the real market. Can anyone help me out or at least advise me on what to do?
Weekly trading is the best way of making money in the market due to lack of experience which resulted in loosing funds... But miss Violet Zyaire, restored hope shes a good woman
Violet Zyaire. signals and prediction is awesome actually i was skeptical at first lol, until I decided to try. Its huge returns is awesome! I can't say much.
Wow. I'm a bit perplexed seeing her been mentioned here also Didn't know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
If you have no income other than interest on your savings, and those savings are not in an ISA, assuming 5% interest rate you'd need to have £250000 in savings to hit the £12500 lower threshold for tax. Think about that. Obviously once you start taking a pension, especially the state pension you will have extra income, but as a baseline the above is correct. Sixty, own my home, retired, fuck 'em.
From my observation and historical market pattern, there might be a bit of turbulence in the market coming up, but here's the deal: Trying to guess what's going to happen next is less important than spreading your bets when trading and thinking long term. It's not about guessing the market's next move; it's about playing it smart and steady...managed to grow a nest egg of around 100k to a decent 732k in the space of a few months... I'm especially grateful to Jennifer Lorelle Roberts , whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
I am really pissed off with bloody governments and there interfearance with our personal finances. Why do banks have anything to do with governments! They are supposed to be a service which we pay for.
I’ve been retired on a pittance pension for 8 years, well below the personal tax free allowance ,they’ve just sent me a notice of change of tax code, they want £238 in interest tax. They’re gonna take it in instalments .
Pensioners should not have to pay tax on savings, full stop!
It does not work like that. If you have a good amount of money( eg 15k) in fixed rate saving account for eg 5 years at may be 4%, if this interest is compounded every year, by the end of 5 years you will have earned over 3k in interest. Basic tax payer are allowed 1k tax free, the whole interest will be taxed as ONE year!
Bank will inform HMRC, no escape.
Not fair!
Better to draw out the interest of £600 every year tax free.
Why do people hide this fact? Even Government is not willing to be clear and informative.
Hit $12,590 k today. Thank you for all the knowledge and nuggets you had thrown my way over the last week .i started with 3k in last week 2024..... now i just hit $12,590..
I've been making a lot of looses trying to make profit trading. I thought trading on a demo account is just like trading the real market. Can anyone help me out or at least advise me on what to do?
Weekly trading is the best way of making money in the market due to lack of experience which resulted in loosing funds... But miss Violet Zyaire, restored hope shes a good woman
Since meeting Expert Violet Zyaire., I now agree that with an expert managing your portfolio, the rate of profit is high, with less risk.
Violet Zyaire. signals and prediction is awesome actually i was skeptical at first lol, until I decided to try. Its huge returns is awesome! I can't say much.
Wow. I'm a bit perplexed seeing her been mentioned here also Didn't know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
Who’s is monitoring the MP savings
We've already paid tax on our savings. We've SAVED money from salaries etc.
Disgusting
If you have that much money go for low interest accounts,cash isa, or account with no interest. Then use two fingers.
You don't pay tax on your savings, you pay tax on the interest on your savings if your a standard rate tax payer gets £1000 a year allowance
It won’t be long before they come after your ISA similar to recent pension raid. Government gave you them and can take them away.
Who writes these, they are full of spelling mistakes and the AI voice can't read a £ sign !
If you have no income other than interest on your savings, and those savings are not in an ISA, assuming 5% interest rate you'd need to have £250000 in savings to hit the £12500 lower threshold for tax.
Think about that.
Obviously once you start taking a pension, especially the state pension you will have extra income, but as a baseline the above is correct.
Sixty, own my home, retired, fuck 'em.
Please stop using AI but use a real human to speak on these channels. It’s so annoying.
I'll be empty my account
No capital gains on British gold coins.
From my observation and historical market pattern, there might be a bit of turbulence in the market coming up, but here's the deal: Trying to guess what's going to happen next is less important than spreading your bets when trading and thinking long term. It's not about guessing the market's next move; it's about playing it smart and steady...managed to grow a nest egg of around 100k to a decent 732k in the space of a few months... I'm especially grateful to Jennifer Lorelle Roberts , whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
SHE IS MOSTLY ON TELEGRAMS
@Jenniferlorellerobertss ✅
Jennifer Lorelle Roberts is among the best traders on the internet and I'll keep saying it every time
Trading used. to be a difficult for me, but with Jennifer Lorelle Roberts guidance, it's now a walk in the park. Highly recommend his courses!
Thanks for keeping it light and real at the same time. Much needed for us traders in times like these!
If ur working doent they just adjust the tax code to collect the extra tax
Totally agree. You decide to save then that is YOUR money. Its not an investment, its a saving. The personal allowance is just a form of control.
I am really pissed off with bloody governments and there interfearance with our personal finances. Why do banks have anything to do with governments! They are supposed to be a service which we pay for.
I’ve been retired on a pittance pension for 8 years, well below the personal tax free allowance ,they’ve just sent me a notice of change of tax code, they want £238 in interest tax. They’re gonna take it in instalments .
1000 pound? actual savings or 1000 interest paid. Savings??? = lump sum sitting in a persoanal checking account (no Interest)
What's peeso ?
I take everything this chanel says with a pinch of salt.......Mostly nonsense
Pure bull shit. Scare tactics to unsettle pensioners 😂
Needless scaremongering on this channel, please devote yourselves to more worthy projects!😡