Budget November 2025

[rockinj]

Why do we send 1.4M over to Pakistan for overseas aid.. a nuclear power?

We’re back to problem of highlighting rogue examples in a budget of 6bn

That’s administrative civil service issues. But like anything you can’t get rid of something because of a few bad decisions as overall it adds value and whisper it a good thing to do.

1.5 m in Gov spending is not even a rounding error

 

[Cooperman]

Why do we send 1.4M over to Pakistan for overseas aid.. a nuclear power?

Partly for our long term security. If the figure of £1.4m is correct then it’s the equivalent of what I have rattling around in the ashtray of my car. An absolute drop in the ocean.

 

[rockinj]

Partly for our long term security. If the figure of £1.4m is correct then it’s the equivalent of what I have rattling around in the ashtray of my car. An absolute drop in the ocean.

Precisely

 

[Londonlisa2001]

Who can afford to pay 20k into isa's every year? and who mentioned isa's? Pensioners shouldn't be taxed on their pensions or the interest on their savings in my view savings that they have scrimped and saved to help them in their retirement to live and maybe have a few luxuries the way energy bills and the like are increasing the won't be able to live without their maybe modest savings.
All the while they are seeing this government give billions away, in foreign aid etc.

Sigh.

Pensioners are allowed to save up to £20k per annum in a cash ISA. Actually everyone is, albeit non pensioners are going to be limited to £12k per annum in a cash ISA and the other £8k in a stocks and shares ISA.
Interest earned on that is tax free. So they are only taxed on interest on savings that they’ve made over and above £20k per annum.

Poor things, scrimping and saving all those years for a few luxuries over and above their £20k per annum savings allowance. Modest savings? You’re having a laugh.

 

[Ringwood]

Partly for our long term security. If the figure of £1.4m is correct then it’s the equivalent of what I have rattling around in the ashtray of my car. An absolute drop in the ocean.

My bad.. sorry. £133M in 2025 if reported correctly

 

[Londonlisa2001]

I don't know that much about ISA's I know that you can put a maximum of 20k into one between april to april and I suppose you can remove that 20k at the end of the year and put it into another ISA and so on etc?
That figure is being reduced to £12,500 though.

You don’t need to remove anything. You have £20k per annum, not at a time.

You can have loads of ISA accounts.

And it’s not being reduced for pensioners.

 

[Londonlisa2001]

Who said any of that then ??

You did.

You keep saying pensioners should pay no tax on pensions or on savings.

They are the wealthiest group in this country.

 

[Jack2jack]

You did.

You keep saying pensioners should pay no tax on pensions or on savings.

They are the wealthiest group in this country.

Does that include any assets they might have, like a £20 million mansion with a swimming pool and Ferrari in the garage.

 

[Niigata Jack]

You did.

You keep saying pensioners should pay no tax on pensions or on savings.

They are the wealthiest group in this country.

Yeah cause I mentioned those pensioners who are wealthy and more, I should have made myself clear I'm more concerned with the regular pensioner who may have put a few bob together for their old age and those who take on work to subsidise their pension they are ones I mean, those with vast amounts of money or millionaire pensioners live in a different world to most pensioners.

I await your comeback on that, not that I'm bothered cause what you or I may post on a football forum doesn't make one iota of difference, so you crack on, I've had a busy day so I'm gonna relax.

 

[Niigata Jack]

Sigh.

Pensioners are allowed to save up to £20k per annum in a cash ISA. Actually everyone is, albeit non pensioners are going to be limited to £12k per annum in a cash ISA and the other £8k in a stocks and shares ISA.
Interest earned on that is tax free. So they are only taxed on interest on savings that they’ve made over and above £20k per annum.

Poor things, scrimping and saving all those years for a few luxuries over and above their £20k per annum savings allowance. Modest savings? You’re having a laugh.

So they shouldn't be allowed to have a few luxuries in their old age then, poor things you say how insulting that is to people who have worked 40/50 yrs or more.

20k is modest its not even modest, 100k won't sustain a pensioner for long with that amount and their state pension, not unless they live on bread and water, look at the cost of household bills Council tax, energy costs etc etc.

 

[Niigata Jack]

Does that include any assets they might have, like a £20 million mansion with a swimming pool and Ferrari in the garage.

I'd argue that those with that wealth are far removed for the pensioners you'd see at the supermarkets and those with that sort of wealth are in the minority by some distance I'd have thought.

 

[Londonlisa2001]

So they shouldn't be allowed to have a few luxuries in their old age then, poor things you say how insulting that is to people who have worked 40/50 yrs or more.

20k is modest its not even modest, 100k won't sustain a pensioner for long with that amount and their state pension, not unless they live on bread and water, look at the cost of household bills Council tax, energy costs etc etc.

Of course people can have some luxuries.

But if people have been in a position where they have been able to save more than £20k per year, they’ll be just fine.

You quite obviously don’t understand the way ISAs work. It’s PER YEAR.

Any pensioner with anything like a ‘modest’ amount of savings will not be paying tax on their interest.

 

[Londonlisa2001]

Yeah cause I mentioned those pensioners who are wealthy and more, I should have made myself clear I'm more concerned with the regular pensioner who may have put a few bob together for their old age and those who take on work to subsidise their pension they are ones I mean, those with vast amounts of money or millionaire pensioners live in a different world to most pensioners.

I await your comeback on that, not that I'm bothered cause what you or I may post on a football forum doesn't make one iota of difference, so you crack on, I've had a busy day so I'm gonna relax.

Anyone with a ‘few bob’ won’t be paying tax on their interest income. Which is what we’re talking about.

 

[Niigata Jack]

You don’t need to remove anything. You have £20k per annum, not at a time.

You can have loads of ISA accounts.

And it’s not being reduced for pensioners.

I don't really know how ISA's really work, I didn't think that you could have multiple isa's worth 20k anyway only the interest on 20k is tax free for a year, I don't know if you can just keep that 20k going year on year on and earn tax free interest.

 

[Londonlisa2001]

I'd argue that those with that wealth are far removed for the pensioners you'd see at the supermarkets and those with that sort of wealth are in the minority by some distance I'd have thought.

It may surprise you to know that the current average total wealth of UK pensioners (65 plus) is £730k.

The median wealth (which is a figure that’s doesn’t get distorted by those at the very top) is £467k.

And you don’t think they should pay any tax?