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Posted By: mouse

I wonder how close the members of the board are to the recent polls in the uk!!!.



Posted By: Woodrow Why?at

"None of the above" :lol: :lol: :lol:

Posted By: don

UKIP :D

Posted By: cansweet

I think Mr Camerons ambition (if elected) to bring in a new tax on pensions received in a country other than GB, will have a bearing on this poll. He intends to impose a 10% transfer tax on all pension monies being sent abroad. You then pay whatever tax the country you are resident in charges. Also that possible 10% will come off the gross pension amount payable. Not good news. :cry:

Posted By: DAC

  • cansweet wrote:
    I think Mr Camerons ambition (if elected) to bring in a new tax on pensions received in a country other than GB, will have a bearing on this poll. He intends to impose a 10% transfer tax on all pension monies being sent abroad. You then pay whatever tax the country you are resident in charges. Also that possible 10% will come off the gross pension amount payable. Not good news. :cry:

I fully understand your concerns with this policy, but long term it makes sense.
Taking into account that not everyone in receipt of a pension has made any personal contributions towards it, and taking into account that a large proportion of those that live abroad who are in receipt of a pension make little, if any, contribution to the UK economy, what this proposed tax is in effect doing is to help to make that contribution to the very economy that foots the bill for the pension in the first place.
    Quote:

  • These figures are from 2002, but taking death into account they probably haven't changed much
    Government figures show that, of 900,000 UK pensioners living abroad, about 420,000 living in certain countries receive upratings while 480,000 others - including those living in South Africa, Australia, Canada and New Zealand - are the victims of frozen pensions.

Full State pension = £95.25 a week
420.000 x £95.25 = £40,005,000 per week being exported from the UK and instead of being spent in British shops is just benefiting other countries economies.

Posted By: pantheman

  • DAC wrote:
    • cansweet wrote:
      I think Mr Camerons ambition (if elected) to bring in a new tax on pensions received in a country other than GB, will have a bearing on this poll. He intends to impose a 10% transfer tax on all pension monies being sent abroad. You then pay whatever tax the country you are resident in charges. Also that possible 10% will come off the gross pension amount payable. Not good news. :cry:

    I fully understand your concerns with this policy, but long term it makes sense.
    Taking into account that not everyone in receipt of a pension has made any personal contributions towards it, and taking into account that a large proportion of those that live abroad who are in receipt of a pension make little, if any, contribution to the UK economy, what this proposed tax is in effect doing is to help to make that contribution to the very economy that foots the bill for the pension in the first place.
      Quote:

    • These figures are from 2002, but taking death into account they probably haven't changed much
      Government figures show that, of 900,000 UK pensioners living abroad, about 420,000 living in certain countries receive upratings while 480,000 others - including those living in South Africa, Australia, Canada and New Zealand - are the victims of frozen pensions.

    Full State pension = £95.25 a week
    420.000 x £95.25 = £40,005,000 per week being exported from the UK and instead of being spent in British shops is just benefiting other countries economies.

Come on Dave, a miserly 40m. This is way countered by the thousands of overseas students in UK universities paying tens of thousands pa.
40m is a drop in the ocean. Many of the overseas pensioners were contributors in their time, it is unfair to say otherwise.
They could further counter that by the cutting lavish expenses the MPs enjoy. But no, take it from the weakest and those in the most need. pathetic if you ask me.

Posted By: mouse

  • DAC wrote:
    • cansweet wrote:
      I think Mr Camerons ambition (if elected) to bring in a new tax on pensions received in a country other than GB, will have a bearing on this poll. He intends to impose a 10% transfer tax on all pension monies being sent abroad. You then pay whatever tax the country you are resident in charges. Also that possible 10% will come off the gross pension amount payable. Not good news. :cry:

    I fully understand your concerns with this policy, but long term it makes sense.
    Taking into account that not everyone in receipt of a pension has made any personal contributions towards it, and taking into account that a large proportion of those that live abroad who are in receipt of a pension make little, if any, contribution to the UK economy, what this proposed tax is in effect doing is to help to make that contribution to the very economy that foots the bill for the pension in the first place.
      Quote:

    • These figures are from 2002, but taking death into account they probably haven't changed much
      Government figures show that, of 900,000 UK pensioners living abroad, about 420,000 living in certain countries receive upratings while 480,000 others - including those living in South Africa, Australia, Canada and New Zealand - are the victims of frozen pensions.

    Full State pension = £95.25 a week
    420.000 x £95.25 = £40,005,000 per week being exported from the UK and instead of being spent in British shops is just benefiting other countries economies.

Looking at it that way, they should tax all those taking foreign holidays as they would be spending their wages earnt in the UK in other countries, helping there economies. What a load of cobblers!!! :?

Posted By: adyandkaren

    Quote:
  • they should tax all those taking foreign holidays

They already do - and Air Passenger Duty at £11 a time is more than 10% of my flight prices for this year...





Posted By: Steve - SJD

  • cansweet wrote:
    I think Mr Camerons ambition (if elected) to bring in a new tax on pensions received in a country other than GB, will have a bearing on this poll. He intends to impose a 10% transfer tax on all pension monies being sent abroad. You then pay whatever tax the country you are resident in charges. Also that possible 10% will come off the gross pension amount payable. Not good news. :cry:

Hi Cansweet do you have a link to further information about this proposal please?
I have just had a quick look around and couldn't find anything myself on the net so it would be helpful. Strange as I thought it would be major news :?:
Cheers
Steve

Posted By: cansweet

Mouse, they are already taxing people going on holidays, what do you think airport taxes are? Anyway, i'm wondering do many people think Cameron is right, or is it totally unfair? On another point, if it's going to happen, is there anything people can do to stop it? Democracy is becoming a tad dictatorial, don't you think?

Posted By: cansweet

Steve, i heard it on Sky News today. I've looked for it on the teletxt but cannot find anything. Time i heard it was aprox 2ish, and it was breaking news at the time. If i hear more i'll post it with any links.

Posted By: mouse

  • cansweet wrote:
    Mouse,
    they are already taxing people going on holidays, what do you think airport taxes are? Anyway, i'm wondering do many people think Cameron is right, or is it totally unfair? On another point, if it's going to happen, is there anything people can do to stop it? Democracy is becoming a tad dictatorial, don't you think?

If its true they deserve to spend another 5 years in opposition benches. But as far as airport taxes nearly every country charges a similar amount. I believe the United States charge more than the Uk.
I would never trust the Tories never have and never will. People forget we had two recessions under their leadership and they were not world recessions like this last one.

Posted By: Steve - SJD

  • cansweet wrote:
    Steve,
    i heard it on Sky News today. I've looked for it on the teletxt but cannot find anything. Time i heard it was aprox 2ish, and it was breaking news at the time. If i hear more i'll post it with any links.

Thanks Cansweet - looked on Sky and other news sites and given its
effect it would have been important news I would have thought.
So at the moment, without any futher confirmation, I will take it that it's
not on the agenda.
Cheers
Steve

Posted By: 572B

  • Steve - SJD wrote:
    • cansweet wrote:
      I think Mr Camerons ambition (if elected) to bring in a new tax on pensions received in a country other than GB, will have a bearing on this poll. He intends to impose a 10% transfer tax on all pension monies being sent abroad. You then pay whatever tax the country you are resident in charges. Also that possible 10% will come off the gross pension amount payable. Not good news. :cry:

    Hi Cansweet do you have a link to further information about this proposal please?
    I have just had a quick look around and couldn't find anything myself on the net so it would be helpful. Strange as I thought it would be major news :?:

Quite so, several hours trawling the net produced nothing.
However, it would mean a gross overhaul and re-negotiation of the Govt Dual Taxation Treaty arrangements with more than 224 countries, these being the majority as stated by HMRC, but not an exhaustive list.
http://www.hmrc.gov.uk/si/double.htm
And note:
"We are in the process of adding to the list of treaties shown below but in the meantime the majority of our Double Taxation Agreements remain in the Double Taxation Relief Manual."
R.

Posted By: adyandkaren

General election to be called tomorrow for 6th May. On BBC news now.



Posted By: MCM Carrington

Cansweet, Did Mr Darling not mumble something about it in his budget speech? he also said winter fuel payments would cease. Nasty Man.

Posted By: Woodrow Why?at

  • mouse wrote:
    • cansweet wrote:
      Mouse,
      they are already taxing people going on holidays, what do you think airport taxes are? Anyway, i'm wondering do many people think Cameron is right, or is it totally unfair? On another point, if it's going to happen, is there anything people can do to stop it? Democracy is becoming a tad dictatorial, don't you think?

    If its true they deserve to spend another 5 years in opposition benches. But as far as airport taxes nearly every country charges a similar amount. I believe the United States charge more than the Uk.
    I would never trust the Tories never have and never will. People forget we had two recessions under their leadership and they were not world recessions like this last one.

Kevin, as I've said previously, they should shorten their name to "Servative" as the "Con" goes without saying!!

Posted By: DAC

  • pantheman wrote:

    Come on Dave, a miserly 40m. This is way countered by the thousands of overseas students in UK universities paying tens of thousands pa.
    40m is a drop in the ocean. Many of the overseas pensioners were contributors in their time, it is unfair to say otherwise.
    They could further counter that by the cutting lavish expenses the MPs enjoy. But no, take it from the weakest and those in the most need. pathetic if you ask me.

I hear what you're saying, but as other's have already said, and taken as part of a larger package of economical measure's, you multiply that £40-million by 52 weeks and that's allot of money that is going out of circulation every year.
In the UK we're taxed up to the hilt. Largely to pay for Labours 13 years of high state spending and largely to pay for the 1-million extra and often unnecessary jobs that have been created within the public sector, that in some areas of the country account for nearly 60% of the workforce. The only way to remove that liability on the state and to restore a healthy and competitive private sector is to reduce the burden that is put upon the state. Some 52% of GDP is a result of public spending, which is ridiculous.
Everyone that buys a flight or a holiday pays taxes. Everyone that buys insurance pays taxes. Everyone that spends any money whatsoever in the UK also pays taxes, so why should any one part of society be any different..? The devaluation of GBP is also a form of Stay-at-Home tax as what they are implying by doing so is that yes, if you want to go abroad then by all means do so, but when you get there your money ain't going to go as far as it used to. So by staying at home you're then helping to boost the UK economy
Look at the car scrappage scheme. By and large who benefited most from it.? South Korea. Why? Because out of the top 3 selling makes two of them were cars that are made in South Korea, Hyundai who sold almost 60,000 cars and Kia in third place who sold just over 52.000 cars. In between those two, and in second place, was Ford, who assembles not a single car in the UK, plenty of them are put together in Belgium, Spain and Germany, but none in the UK. So between those three manufacturers some 160.000 cars were built and sold as part of the grand scheme, but none of them came from factories within the UK. Why..? Same reason as why Cyprus is now suffering, as it Italy, Greece, Spain and Portugal. High costs that are driven by a high spending and reckless Government's. So to get things back on a more affordable playing field and to get the UK back into the Black, measures must be taken to boost our failing economy.
Labour, in hand with Mr King, have done everything possible to first devalue the pound and second to keep it devalued. Whenever a bit of good news comes out from the private sector and the pound climbs, Mr King then produces more governmental propaganda to kick it back down. But what changes..? Nothing. Tourist arrivals in the UK were down last year by 6% and hoteliers in the UK are still slashing prices to stay afloat. Manufacturing hasn't boomed and more to the point, probably never will.
Yes I agree that those that have retired and are now in the years that they should be enjoying shouldn't be expected to bear the brunt of it, but on the other side of the coin, had they stayed in the UK then like everyone else, they would also be paying taxes and stealth taxes which in turn all goes towards funding their own pensions.
The great Ponzi scheme that is run by every country that provides a state pension needs a constant flow of new money to pay for it. Taxes. So after 13 years of “No return to Boom and Bust” anyone that didn't see rescue measures coming needs a new pair of glasses.
But after all that try looking at it this way:
In the last 18 months how much has the GBP devalued.? 20%..? ...25%.? or is it closer to...30%.?
So if a possible new government, and in the eyes of the worlds financial markets, can implement austerity measures that will give confidence back to the markets, which in turn will/could re-establish the value of the pound to values that we were all used to, how much will that 10% tax rate really affect anyone? Because if things stay the same as they are, they're already loosing far more as a direct result of a weak pound......!
So in reality all those that live on pensions paid from the UK, under this Labour Government are already paying some 20% - 30% in taxes on their pensions. But as Labour hasn't called the devaluation a tax, no one sees it that way. But in all honesty, that's exactly what it is.
So given the choice of two, which would you rather have :
A) Staying under the current Labour regime of high governmental spending with its high debt, which in turn means a weaker and devalued Pound that is now worth some 20% - 30% less than it was?
or
B) Move to a Conservative Government that would reduce governmental debt which would boost market confidence and in turn lead to a stronger Pound that's back to the levels that we all preferred, but pay a 10% tax on exported pension's to achieve it?
So who's the nasty man now then..?

Posted By: bromerzz

With the greater percentage of business costs and public purse spending going on wages then it doesn't take a particularly clever mind to arrive at the fact that wages and the general package of associated benefits in UK are far too high. The minimum wage must be responsible for part of that effect. Slash wages and UK will become more competitive. The benefit would be less jonny foreigeiners striving to eneter the UK for the public purse to support. The indigenious British who are too lazy too work would remain too lazy so no change for them other than a reduction in groats to spend at Quiksave or Abduls corner shop. Just watch the pound euro exchange rate plummet if Browns erection news is published today!! :roll:

Posted By: LynSab

I,ve asked them for an 'MP for expats' similar to other countries i.e Germany Italy and the US. Who all treat their expats much better, the expat in reciept of pension seems to be higher than has been posted. Nothing at all in the news about any tax on pensions paid abroad so far. No doubt a bit of spin you overheard, to realise a few votes as the rewards are minimal. http://blogs.telegraph.co.uk/expat/emmahartley/10138481/one-in-ten-british-pensioners-is-an-expat/

Posted By: DAC

  • LynSab wrote:
    I,ve asked them for an 'MP for expats' similar to other countries i.e Germany Italy and the US. Who all treat their expats much better, the expat in reciept of pension seems to be higher than has been posted. Nothing at all in the news about any tax on pensions paid abroad so far. No doubt a bit of spin you overheard, to realise a few votes as the rewards are minimal.
    http://blogs.telegraph.co.uk/expat/emmahartley/10138481/one-in-ten-british-pensioners-is-an-expat/

To make a Minister for Expats would be to rubber stamp the approval of the annual exodus. Which they don't want to do. Why? Because as I have already explained, and as far as the government is concerned, by Expats not spening their money in the UK and contributing to the UK economy as a whole, all that you (expats) are is another financial burden the same as those that live purely on benefits.
Not my feelings, but it is there's.

Posted By: DAC

Oh dear, is that the time..? I'd best get ready for work as I've got money to earn, VAT bills, Income Tax, Corporation taxes and wages to pay. Caravan's, we love em. They're just white boxes full of money, bring it on..... :lol: :lol: :lol: :lol: :lol: :lol: :lol:



Posted By: LynSab

  • DAC wrote:
    • LynSab wrote:
      I,ve asked them for an 'MP for expats' similar to other countries i.e Germany Italy and the US. Who all treat their expats much better, the expat in reciept of pension seems to be higher than has been posted. Nothing at all in the news about any tax on pensions paid abroad so far. No doubt a bit of spin you overheard, to realise a few votes as the rewards are minimal.
      http://blogs.telegraph.co.uk/expat/emmahartley/10138481/one-in-ten-british-pensioners-is-an-expat/

    To make a Minister for Expats would be to rubber stamp the approval of the annual exodus. Which they don't want to do. Why? Because as I have already explained, and as far as the government is concerned, by Expats not spening their money in the UK and contributing to the UK economy as a whole, all that you (expats) are is another financial burden the same as those that live purely on benefits.
    Not my feelings, but it is there's.

Australia's opposition Liberal Party has started an email campaign urging British expatriates to vote for David Cameron in the upcoming general election.
An estimated 1.3 million British expats living in Australia are eligible to vote in the UK and, with the race for power tightening, the centre-Right Liberal Party has taken the unusual step of calling on its members to urge their British friends to back the Tories.
The Liberal Party, which has historically enjoyed strong ties to the Conservatives, has emailed its supporters to remind them that any British citizen living in Australia who has been on the British electoral roll in the past 15 years is entitled to vote in the general election, which is expected to be called on May 6.
http://www.telegraph.co.uk/news/election-2010/7527366/Australian-conservatives-urge-British-expats-to-vote-Cameron.html

Posted By: alanmorton99

  • adyandkaren wrote:
    General election to be called tomorrow for 6th May.
    On BBC news now.

Thanks Adyandkaren for confirming my post yesterday morning.

Posted By: adyandkaren

Sorry Alan - missed that one :oops:

Posted By: scrappy

If you really wanted to do something with pensions to offset the deficit - then you'd change the public sector pension from defined benefit to defined contribution. They won't do it because they're scared of losing 3 million (?) votes It's totally unfair that the public pick up this collosal burden.

Posted By: Kwacka

  • MCM Carrington wrote:
    Cansweet, Did Mr Darling not mumble something about it in his budget speech? he also said winter fuel payments would cease. Nasty Man.

No, he said that the previous year's rise was guaranteed for another year.
Regarding the taxation of pensions, the UK HM Revenue & Customs website states (not new regulations):
"Pensions paid for former service to the UK Government are known as Government Service Pensions. Pensions paid for former employment with the H M Forces, Civil Service and Foreign and Commonwealth Office are all regarded as Government Service Pensions."
"Usually Government Service and Local Authority Service Pensions paid to British nationals living overseas remain taxable in the UK. You will still be eligible to receive full UK Personal Allowances and reliefs.
The main exceptions are Australia, Canada, New Zealand and Cyprus where exemption for Government Service and Local Authority Service Pensions can be claimed."


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