Keir Starmer

[exiledclaseboy]

Again parts of this thread are an object lesson in people swallowing everything fed to them by an irredeemably biased press, social media being run by the people with the money and power, and WhatsApp.

This is how they win. It’s terrifying really when you see what’s happening in the USA. That’s us soon if we don’t change course.

 

[Londonlisa2001]

Any one with savings gets hammered though, they want you to have savings so that they can take taxes off the interest over a grand and above I think, conveniently ignoring the fact that tax has already been paid on that money saved, they see it as new money so its open season.

I don't know the why's and wherefores, I just see things as I see them, if that makes sense.

I tried to avoid commenting because it gets us nowhere, but this is just wrong.

You aren’t taxed on savings, you are taxed on the interest on savings. No tax has previously been charged on that interest.

And you are allowed to save £12k per year tax free through an ISA. Or £20k per year if you invest in shares.

Why shouldn’t you pay tax on passive income when everyone has to on earned income?

 

[exiledclaseboy]

Why shouldn’t you pay tax on passive income when everyone has to on earned income?

And exactly the same principle applies to inheritance tax. IMO.