Viking Supporters Co-operative
Viking Chat => Off Topic => Topic started by: Filo on April 08, 2016, 09:14:56 am
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http://www.bbc.co.uk/news/uk-politics-35994283
I think the PM should do the honourable thing and resign!
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Honourable and Cameron in the same post ?
They will as usual dishonourably "ride it out" evidenced by the smug Minister on BBC Breakfast.
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I disagree massively with this. He's not broken laws or done anything wrong so why should he?
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Lol, this is a man that got jiggy with a piggy.
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And the amount he profited is just £300 below the capital gains tax threshold... how interesting.
I disagree massively with this. He's not broken laws or done anything wrong so why should he?
He and his family have been profiting from tax loopholes for generations. If you don't see anything wrong with the PM of our country grandstanding and building one of his election platforms on clamping down on tax evasion and avoidance (legal or otherwise it's still morally wrong) and even arranging to hold a conference on the subject in a few weeks, while having profited from a company that never paid a penny of tax in the UK because it got random people to sign the paperwork, then I don't know what to tell you.
Not only that, but the guy isn't interested in getting involved in saving British steel but he can personally get involved in blocking inquiries into offshore trusts. The whole affair is morally reprehensible - that it's still legal is part of the problem.
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I always taught my children the difference between right and wrong.
Something being legal doesn't make it morally right or acceptable to most fair minded people.
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A very interesting article here - by a Labour MP so it's hardly impartial - but it sums up the absolutely disgraceful hypocrisy of the whole situation. http://www.huffingtonpost.co.uk/jess-phillips/david-cameron-taxes_b_9622288.html
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I always taught my children the difference between right and wrong.
Something being legal doesn't make it morally right or acceptable to most fair minded people.
It's not the end of it there are morals but they are very subjective anyway. But I ask any of you do you ever pay more tax than you need to? There are thousands of what some call loopholes (i call rules) that people follow to not pay tax.
You could pick loads of things out just from posters on here who fall in to the same brackets easily. Where does it end?
Storm in a teacup this one as far as I can see. I wonder how many on here have pensions and I wonder how those funds are invested...
Not so "moral" then i bet.
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Our Great Leader speaking about Jimmy Carr, "It is not fair on hardworking people who do the right thing and pay their taxes to see these sorts of scams taking place."
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Difference is, BFYP, we're not the ones ultimately in charge of spending the tax collected to benefit the nation. A position that is held, in part, because of promising to clamp down on exactly the kind of thing we're actively profiting from, castigating prominent figures like Jimmy Carr for doing the EXACT SAME thing we've reaped the benefits of.
Some random Doncaster Rovers fans doing it doesn't excuse the PM of the nation doing it. It doesn't excuse him personally writing letters to shield offshore trusts from an EU crackdown in secret. It doesn't excuse him ducking and evading questions for five days on the topic. It doesn't excuse him gutting the NHS to pinch pennies while actively ensuring people like his father hold companies who don't give a penny back to this country. Pointing fingers at others is exactly what the Tories want because it means they're not held accountable.
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I disagree massively with this. He's not broken laws or done anything wrong so why should he?
So even after this you're confident that the PM and his ilk are the people you'd trust to close this and the other tax loopholes that his government said they would?
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There are two secondary but arguably more important aspects to this.
1) If Cameron has nothing to hide, why did he take such a convoluted route to get to the truth? What's in the spotlight here is his honesty, judgement and integrity. It means that anything he ever says on any subject in future will be viewed through this prism.
2) If the trust was all above board and honest, why "dispose" of your investment that you've held for 13 years just when you are about to become PM?
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Mark Steel with an entertaining read on the topic here: http://www.independent.co.uk/voices/if-cameron-wont-benefit-from-his-fathers-offshore-trust-perhaps-he-got-through-eton-on-a-paper-round-a6973161.html
I'll point you to two quotes from it that echo both BST's points quite well, particularly in light of Osborne's usual coyness on the subject;
1)George Osborne was even clearer about whether he benefited from tax avoidance schemes, saying: “As I’ve said, all of our interests as ministers and MPs are declared in the register of members’ interests and we’ve made our position very clear,”
So he was asked again, and replied: “As I said this Conservative government has done more that any Labour government or any previous government to tackle tax evasion.”
If he was asked again he’d probably say: “I told you already, I never go cycling on an empty stomach.” And then: “Look, how many more times? Beenie Man is my favourite dancehall reggae artist. Now I have an important meeting to attend. Good day.”
2)Everyone connected with these trusts insists they’ve ‘done nothing illegal’. It’s a refreshing attitude, as you can get fed up with people worrying whether someone’s behaviour breaches any code of morality. Presumably, if the wife of one of these businessmen came home to find them having an orgy with the entire cast of Emmerdale in a room mocked up to look like Anne Frank’s attic, they’d say, “Alright, don’t make a fuss. I’ve not done anything illegal.”
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Jimmy Carr's perfectly legal tax affairs were morrally wrong according to Dave, why is his situation any different?
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I disagree massively with this. He's not broken laws or done anything wrong so why should he?
https://www.youtube.com/watch?v=-bnh162vqk4 (https://www.youtube.com/watch?v=-bnh162vqk4)
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I disagree massively with this. He's not broken laws or done anything wrong so why should he?
As I mentioned in my previous post, niether had Jimmy Carr, but the PM declared what he had done was morrally wrong, can you see the problem there bfyp?
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I disagree massively with this. He's not broken laws or done anything wrong so why should he?
As I mentioned in my previous post, niether had Jimmy Carr, but the PM declared what he had done was morrally wrong, can you see the problem there bfyp?
Seems BFYP is a little biased given the nature of his profession.
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So can we all be really clear. BST, Filo and Glyn: this is morally wrong but not illegal and should be chastised as a result?
Would want to be clear before I deem you huge hypocrites.
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So can we all be really clear. BST, Filo and Glyn: this is morally wrong but not illegal and should be chastised as a result?
Would want to be clear before I deem you huge hypocrites.
Let's be really clear. I've not said anything about morality so you can leave me out of it. Try reading what I wrote again.
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I disagree massively with this. He's not broken laws or done anything wrong so why should he?
As I mentioned in my previous post, niether had Jimmy Carr, but the PM declared what he had done was morrally wrong, can you see the problem there bfyp?
Seems BFYP is a little biased given the nature of his profession.
Not sure what accounting has to with tax avoidance.
Me on the other hand...
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So can we all be really clear. BST, Filo and Glyn: this is morally wrong but not illegal and should be chastised as a result?
Would want to be clear before I deem you huge hypocrites.
I'll have a half of whatever you've been drinking.
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I disagree massively with this. He's not broken laws or done anything wrong so why should he?
As I mentioned in my previous post, niether had Jimmy Carr, but the PM declared what he had done was morrally wrong, can you see the problem there bfyp?
Seems BFYP is a little biased given the nature of his profession.
Not my profession I'm afraid, I do very little about it and certainly no expert. But my points still stand, my stance on taxes are the rules are there to work within.
Some of the rules I don't necessarily agree with, but not these ones relating to Cameron, given its been said he paid the same tax as he would have if onshore...
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I disagree massively with this. He's not broken laws or done anything wrong so why should he?
As I mentioned in my previous post, niether had Jimmy Carr, but the PM declared what he had done was morrally wrong, can you see the problem there bfyp?
Seems BFYP is a little biased given the nature of his profession.
Not sure what accounting has to with tax avoidance.
Me on the other hand...
So you'd say openly lambasting others for the actions you yourself have been doing is good behaviour?
Actually, when I come to think of it.
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Well there's a surprise. Wesley and Frosty wade in and yet another thread descends into personal snipes.
When do the Euros start?
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Well there's a surprise. Wesley and Frosty wade in and yet another thread descends into personal snipes.
When do the Euros start?
Yep. All we need now is Bob to join in and we've got a hat trick.
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Well there's a surprise. Wesley and Frosty wade in and yet another thread descends into personal snipes.
When do the Euros start?
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Here you go then pillock.
How's that for the hat trick?
BobG
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Here you go then pillock.
How's that for the hat trick?
BobG
Come on Bob, i'm sure you can do better than that.
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Turns out Cameron HAS been diddling the taxman after all - that trifling 300 grand he got from his dad was topped up by two separate payments of £100k each from his mam.
f**k me, I used to be happy at getting a quid sellotaped inside my birthday card. I'll admit I never paid inheritance tax on that - turns out Cameron can make the same claim.
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In the first instance, now correct me if I'm wrong here, they turned the heat up on Cameron because his father did something morally if not illegally outside the law ?
Now I've got to say my old dad God bless him was a serial womaniser ; something I've never been good looking enough or inclined to be.
I now regret not informing previous employers , 1 ex -wife and a few old girlfriends about these aberrations
I want to tell you all about this now and hope you will accept my sincere apologies for losing his moral compass.
Strewth not being able to really tag this label on me in the past has affected all their lives immeasurably.
Sorry for being a tad light - hearted about this but in 2 months time we have the most important vote of our lives coming up and all this political posturing is only helping the Brexit campaign . ffs put this to one side because if you play on this like you are with the Corbynistas shouting foul in league with all the Tory " Brexit" press you can say goodbye IMO to the EU and shortly afterwards the Union, much of our old territorial waters , oil and gas revenues.
I know folk like to take political advantage when it presents itself but please could Labour and especially Corbyn drop this now before the " In " campaign gets besmirched by this.
No doubt they will be rubbing their hands with glee over this in the Tory Brexit press. Believe me there will be high fliers on the other side of the house who will be outed for the same or similar things ....only time will tell eh
By which time Cameron, tax dodging, immigration and the EU will all have been connected when people walk into the polling booths.Then it's too late I smell a well-timed revelation here.
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Which 'honourable' person would you have replace him? When Labour find a suitable candidate (ala David Miliband), then fair enough.
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Labour can't drop it Hoola. This is the man who brought us austerity and said we are all in it together. The man who decides the tax policy of this country has personally avoided paying a proportion of it. How can he be trusted to be applying a fair tax policy to the super rich - if he avoids paying tax himself?
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Right are we now going to see a game of show and tell,a I have a feeling Cameron will stand up well against his two labour predecessors and Corbyns private tax matter will be an interesting read too!
A few interesting tax dodging 'Donations ' to organisations might pop up!
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Sproty.
1) Previous Labour leaders are irrelevant. Politics is about who is in position now, not 15 years ago. (Although I doubt that Brown would have much to hide anyway.)
2) For all my issues with Corbyn, I don't for a moment suspect that tax dodging and trust funds are on that list.
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Interesting that the £300k he inherited from his father was just below the inheritance tax threshold, any more and he would have to pay 40% tax in it, so what happens? His mother gives him £200k tax free and if she doesn't curl her toes up after 7 years he's paid no tax on £500k, tax dodging without a doubt, all legal, but morally wrong!
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No Sproty, what we are now going to have is vociferous campaign to get David Cameron to release his tax details before 2010, when he sold those offshore shares. Did he benefit from offshore tax prior to 2010? A period in which he was an MP of course.
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Your last point gets to the nub of this, Filo. Paying tax is a legal, not a moral, obligation. I have little sympathy for Cameron because he has tried to make it into a moral issue and his grandstanding over Jimmy Carr and others has now come back to bite him.
Similarly I'll have no sympathy with any other "moralising" politicians if revelation of their tax affairs reveal any nasty skeletons.
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Your last point gets to the nub of this, Filo. Paying tax is a legal, not a moral, obligation. I have little sympathy for Cameron because he has tried to make it into a moral issue and his grandstanding over Jimmy Carr and others has now come back to bite him.
Similarly I'll have no sympathy with any other "moralising" politicians if revelation of their tax affairs reveal any nasty skeletons.
But many on here would have you believe it's all about morals. It isn't it's about the law. Nobody pays more than they have to do they?
Interesting that Corbyn and Osbourne just released their returns, both pretty dull. The only blemish Corbyn's was late...
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For me it's about the principle - I expect politicians to have high moral principles (and they generally claim to so have)...and crucially I expect them to act in accordance with those principles.
Cameron has acted contrary to his publicly stated principle that tax avoidance is "not morally acceptable" and his stated intention to tackle tax evasion. I don't think your average cash in hand plumber has ever stated he holds such high principles especially when he's probably not benefitting from 200 grand gifts from his mam!
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For me it's about the principle - I expect politicians to have high moral principles (and they generally claim to so have)...and crucially I expect them to act in accordance with those principles.
Cameron has acted contrary to his publicly stated principle that tax avoidance is "not morally acceptable" and his stated intention to tackle tax evasion. I don't think your average cash in hand plumber has ever stated he holds such high principles especially when he's probably not benefitting from 200 grand gifts from his mam!
Do we think Corbyn has no savings interest?
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Corby never has and never will be in charge of the countries tax. However the pig f**ker is throwing stones at glass houses.
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I couldn't be bothered to read the whole of this thread so if i repeat what anyone else has already written i apologise in advance.
If any of us have an ISA that is tax avoidance isnt it?
I run a business and have always tried to find ways of not paying more tax than i have to.
I bet there aren't many on here who wouldn't try to pay more tax than they have to, or have not paid tax on some income at some time.
Cameron hasn't broken any laws has he?
I don't see why he should resign.
How many other politicians on the other side have been squeaky clean all the time?
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I couldn't be bothered to read the whole of this thread so if i repeat what anyone else has already written i apologise in advance.
If any of us have an ISA that is tax avoidance isnt it?
I run a business and have always tried to find ways of not paying more tax than i have to.
I bet there aren't many on here who wouldn't try to pay more tax than they have to, or have not paid tax on some income at some time.
Cameron hasn't broken any laws has he?
I don't see why he should resign.
How many other politicians on the other side have been squeaky clean all the time?
Thats all well and good, but the point is the PM publicly lambasted Jimmy Carr for doing the exact same thing, claiming it was morally wrong, as PM he should stand by his moral convictions, or did he just say that about Jimmy Carr to gain popularity thinking his little secret was watertight?
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If any of us have an ISA that is tax avoidance isnt it?
No, ISA is a government approved tax break to encourage saving in line with its fiscal policies, same with tax relief on pension contributions.
To say these schemes are tax avoidance is equivalent to saying that not paying tax on the first £10k (?) of your income is tax avoidance.
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In my opinion, having an ISA is no different to being able to distribute wealth tax free 7 years before your death.
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If any of us have an ISA that is tax avoidance isnt it?
No, ISA is a government approved tax break to encourage saving in line with its fiscal policies, same with tax relief on pension contributions.
To say these schemes are tax avoidance is equivalent to saying that not paying tax on the first £10k (?) of your income is tax avoidance.
No, an Isa is where you put money to avoid having to pay tax on the interest, irrespective of how much you have in it.
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In my opinion, having an ISA is no different to being able to distribute wealth tax free 7 years before your death.
No different? Really?
I would say that they are equally legitimate.
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Really.
All a storm in a tea cup if you asked me, generally fanned by people who don't have any clue about the tax system and how it works. God bless our media.
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In my opinion, having an ISA is no different to being able to distribute wealth tax free 7 years before your death.
I agree, but when that wealth is distributed after your death through a spouse or civil partner (who recieves it tax free), to a beneficiary who has already inherited just below the inheritance tax threshold, it's tax avoidanceso long as that spouse or civil partner survives 7 years after the "gift"
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.....and what is wrong with that?
Legal and looking after your family.
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I couldn't be bothered to read the whole of this thread so if i repeat what anyone else has already written i apologise in advance.
If any of us have an ISA that is tax avoidance isnt it?
I run a business and have always tried to find ways of not paying more tax than i have to.
I bet there aren't many on here who wouldn't try to pay more tax than they have to, or have not paid tax on some income at some time.
Cameron hasn't broken any laws has he?
I don't see why he should resign.
How many other politicians on the other side have been squeaky clean all the time?
Thats all well and good, but the point is the PM publicly lambasted Jimmy Carr for doing the exact same thing, claiming it was morally wrong, as PM he should stand by his moral convictions, or did he just say that about Jimmy Carr to gain popularity thinking his little secret was watertight?
That's why I have scant sympathy for Cameron. Incidentally I don't think many politicians think "er, that's me, actually" when they make statements designed to gain popularity. Especially when it involves moralising. I mean, how many politicians have eulogized family life while enjoying a bit on the side?
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In my opinion, having an ISA is no different to being able to distribute wealth tax free 7 years before your death.
I agree, but when that wealth is distributed after your death through a spouse or civil partner (who recieves it tax free), to a beneficiary who has already inherited just below the inheritance tax threshold, it's tax avoidanceso long as that spouse or civil partner survives 7 years after the "gift"
Don't see the problem with it. Within the remit of the legislation. And if Mrs Cameron pops her clogs then he'll have a bill to pay...
It is the same for me, you and everyone else. It's not like he's paid someone to come up with some aggressive planning, it's relatively bland.
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In my opinion, having an ISA is no different to being able to distribute wealth tax free 7 years before your death.
I agree, but when that wealth is distributed after your death through a spouse or civil partner (who recieves it tax free), to a beneficiary who has already inherited just below the inheritance tax threshold, it's tax avoidanceso long as that spouse or civil partner survives 7 years after the "gift"
It's actually tax planning, and if you are dealing in those sort of sums (most of us aren't) any financial adviser worth his or her salt would recommend it.
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.....and what is wrong with that?
Legal and looking after your family.
Yes legal, but wrong, he's inherited £200k tax free.
And don't get me wrong, I think inhetitance tax should n't exist, but it does and the PM has avoided paying tax through a loophole
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So, given the opportunity, would you do any different?
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So, given the opportunity, would you do any different?
I've paid a small amount in inheritance tax in recent years, oblivious of any loopholes
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The thing is though hound most of us are unlikely to be in that situation. It is only the richest 10% who pay Inheritence Tax - alhough granted with house prices rising as they are then more may get into it unless there is a revision of the limit again.
It raises several £billion for the exchequer Filo, if we didnt have it then that money would have to be found elsewhere, probably from income tax. So you would be left with the situation of someone left an estate of £10m and not working not having to pay tax, whilst people on the minimum wage would. Yet they would both be able to use those services that the taxes pay for.
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If any of us have an ISA that is tax avoidance isnt it?
No, ISA is a government approved tax break to encourage saving in line with its fiscal policies, same with tax relief on pension contributions.
To say these schemes are tax avoidance is equivalent to saying that not paying tax on the first £10k (?) of your income is tax avoidance.
No, an Isa is where you put money to avoid having to pay tax on the interest, irrespective of how much you have in it.
No, an ISA is the Government's way of getting you to give them your money for a number of years for them to play with, with a tax break incentive for you instead of interest.
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.....and what is wrong with that?
Legal and looking after your family.
Yes legal, but wrong, he's inherited £200k tax free.
And don't get me wrong, I think inhetitance tax should n't exist, but it does and the PM has avoided paying tax through a loophole
Yawn.
It really isn't a loophole.
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So, given the opportunity, would you do any different?
Assuming we didn't do any different, would you say it's then OK to do it on the sly whilst publicly lambasting someone else who does exactly the same thing?
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What Jimmy Carr did is not really on the same scale as Cameron to be fair.
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In what way?
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Legally correct fair enough, however after lambasting others for doing the exact same thing is morally wrong and that is where the problem is
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I don't get this 'give hundreds of thousands and pay no tax'. I am well aware that you can give somebody something of value (though I'm not sure cash is included for this purpose) and the tax they pay on it is a sliding scale depending on when the giver pops his clogs. Survive 7 years and there's no tax. Fair enough. But tgat's for things like houses. Not cash. The IR are very explicit in their documentation about exactly how much cash you can give somebody. They even specify what you can give it for while remaining exempt from tax. Basically, you can give 3 grand a year to anybody. Give more to someone, and they pay income tax on it at their marginal rate. You can give a bit more when your child gets married, and grandparents can give a smidge too but really, it's very very clear: you can't give cash except in trifling amounts without the recipient paying tax on it.
So how come Cameron has twice been given £100K and, apparently, not paid any tax on it? I want to know how he's managed it. I'm going to suggest it to to my Mum pdq.
I'm going to ask my accountant. If I get an answer I can understand, anyone want to hear it?
BobG
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Bob - there's no income tax payable by the recipient on gifts, unless the giver dies within 7 years in which case it falls uner the inheritance tax rules, subject to taper relief depending on the date of the gift v the date of death.
If your old mum has got more than £325k of assets, it would be worth her gifting sums now to reduce any potential IHT liability (I could also send you my bank account details in case she wants to reduce the liability as far as possible!)
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For me it's about the principle - I expect politicians to have high moral principles (and they generally claim to so have)...and crucially I expect them to act in accordance with those principles.
Cameron has acted contrary to his publicly stated principle that tax avoidance is "not morally acceptable" and his stated intention to tackle tax evasion. I don't think your average cash in hand plumber has ever stated he holds such high principles especially when he's probably not benefitting from 200 grand gifts from his mam!
Do we think Corbyn has no savings interest?
I've no idea what you think, so it's a bit difficult to state what our jointly-held opinion is, if indeed we both have the same opinion.
For what it is worth, I would imagine that Mr Corbyn has a small level of interest-bearing savings, probably in the Co-Op bank, although I'm not sure what that has got to do with my post above.
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Dennis Skinner got suspended from the debate today for calling Cameron "Dodgy Dave". Beast of Bolsover indeed! The video is worth a watch: http://www.theguardian.com/politics/video/2016/apr/11/dennis-skinner-suspended-for-dodgy-cameron-comments-video
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I'd like to know how if the normal man in the street does it, it's a big fine or even a prison sentence, but not the same for them. How can people have any confidence in a prime minister who is found out to be lying?, because we all suspect they do most of the time anyway!.
Isn't it a sackable offence for a man already very unpopular?. Nice to see Skinner put his opinion in! :thumbsup:
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Thanks Muttley. You're dead right. I've just had an email from an accountant setting me straight.
Thsi means then that whilst Cameron has not paid any tax so far on his 2 lots of £100K he still might do so. It depends on when his Mum dies.
Cheers
BobG
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If any of us have an ISA that is tax avoidance isnt it?
No, ISA is a government approved tax break to encourage saving in line with its fiscal policies, same with tax relief on pension contributions.
To say these schemes are tax avoidance is equivalent to saying that not paying tax on the first £10k (?) of your income is tax avoidance.
No, an Isa is where you put money to avoid having to pay tax on the interest, irrespective of how much you have in it.
No, an ISA is the Government's way of getting you to give them your money for a number of years for them to play with, with a tax break incentive for you instead of interest.
That is very cynical.
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If any of us have an ISA that is tax avoidance isnt it?
No, ISA is a government approved tax break to encourage saving in line with its fiscal policies, same with tax relief on pension contributions.
To say these schemes are tax avoidance is equivalent to saying that not paying tax on the first £10k (?) of your income is tax avoidance.
No, an Isa is where you put money to avoid having to pay tax on the interest, irrespective of how much you have in it.
No, an ISA is the Government's way of getting you to give them your money for a number of years for them to play with, with a tax break incentive for you instead of interest.
That is very cynical.
It's true, it's you that thinks it's cynical. It's exactly the same principle as Premium Bonds - a way of people giving money to the Government as a low-cost way of funding government borrowing. It's also part of monetary strategy as it's a mechanism of controlling the fluid money supply.
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If any of us have an ISA that is tax avoidance isnt it?
No, ISA is a government approved tax break to encourage saving in line with its fiscal policies, same with tax relief on pension contributions.
To say these schemes are tax avoidance is equivalent to saying that not paying tax on the first £10k (?) of your income is tax avoidance.
No, an Isa is where you put money to avoid having to pay tax on the interest, irrespective of how much you have in it.
No, an ISA is the Government's way of getting you to give them your money for a number of years for them to play with, with a tax break incentive for you instead of interest.
That is very cynical.
It's true, it's you that thinks it's cynical. It's exactly the same principle as Premium Bonds - a way of people giving money to the Government as a low-cost way of funding government borrowing. It's also part of monetary strategy as it's a mechanism of controlling the fluid money supply.
Apart from you can access your money at any point? Even so, money in an isa is not particularly efficient either and largely a poor choice given there's other options. Unless you're pretty well off.
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If any of us have an ISA that is tax avoidance isnt it?
No, ISA is a government approved tax break to encourage saving in line with its fiscal policies, same with tax relief on pension contributions.
To say these schemes are tax avoidance is equivalent to saying that not paying tax on the first £10k (?) of your income is tax avoidance.
No, an Isa is where you put money to avoid having to pay tax on the interest, irrespective of how much you have in it.
No, an ISA is the Government's way of getting you to give them your money for a number of years for them to play with, with a tax break incentive for you instead of interest.
That is very cynical.
It's true, it's you that thinks it's cynical. It's exactly the same principle as Premium Bonds - a way of people giving money to the Government as a low-cost way of funding government borrowing. It's also part of monetary strategy as it's a mechanism of controlling the fluid money supply.
Apart from you can access your money at any point? Even so, money in an isa is not particularly efficient either and largely a poor choice given there's other options. Unless you're pretty well off.
I said it was low-cost; to the government that is, compared to other methods of borrowing open to them.
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Premium Bonds are a low cost borrowing mechanism for the government too. Very low cost actually at the moment - and I'm not meaning current interest rates make it so. I'm meaning the government are being quite mean with the 'interest' given out as prizes despite the current already low interest rate.
BobG
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I won something ten months out of twelve last year.👍
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Idler, out of curiosity, were your prizes from older numbers or new(ish) bonds?
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A mixture of both hound.
All my prize money goes straight back in.
I know it used to be the case that new numbers seemed to come out regularly. Some lads at work used to have a syndicate where they put £10 each in a month and bought £100s worth. The new numbers won regularly.
I won £75 this month. I have never had a single winning bond over£50, this months were three £25s. The wife won £25 but she has the max invested.
I just leave my money in as it's easy access and the banks aren't paying much.
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mmmm, Interesting.
I have quite a lot but haven't drawn anything for quite a number of years.
I was thinking of trying the "sell the old and buy new ones" strategy.
I did have a good run myself many years ago when i had a few prizes within a short space of time.
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I have a few scattered but bought a lot together after getting divorced and selling my house.
I did have the maximum but haven't bought any since it was raised so I do have a few chances.
My son-in-law bought £7,000 worth when he got left money by his grandad and won £1,000 within two or three months. I think that there has only been one occasion in the last year or so when neither me or the wife won.
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CAN I RUB AGAINST YOU PLEASE??
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CAN I RUB AGAINST YOU PLEASE??
Pervert 😀
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You know me too well love.
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What exactly is a bond and how does it work? I gather it's a way for the government to raise some money?
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What exactly is a bond and how does it work? I gather it's a way for the government to raise some money?
There's more than one type of bond, which one do you mean?
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Well, I don't know, as I didn't know there was more than one type for a start... best just google it. :)
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A gierl I used to live with had £9000 in premium bonds. At the time - it's a few years ago now - the belief was that you won one prize per thousand pounds invested per year. She only ever won small prizes but she did consistently well enough that her winnings paid for most of a skiing holiday for the pair of us each year. But interest rates were higher back then so the prize fund was quite a bit bigger. These days I bet you'd be lucky to get one prize a year for 5,000 quid.
BobG