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todays budget

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Community Veteran
Posts: 3,829
Thanks: 44
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Registered: ‎24-09-2008

Re: todays budget

I'll pay slightly less tax ::).  I cannot see the point of 'pensioner bonds'.
There are two types of pensioners, those that just 'make ends meet' and those who are 'comfortably off'. The former cannot save, the latter are far to savy to fall for the 'pensioner bond'.
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Community Veteran
Posts: 1,657
Registered: ‎13-06-2007

Re: todays budget

Just had a glance at the BBC key points and doesn't look like it will affect me at all 😕 Boring budget!
I quite like the guardians "family scenarios"
http://www.theguardian.com/money/2014/mar/19/budget-2014-how-it-affects-you
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Community Veteran
Posts: 38,460
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Registered: ‎15-06-2007

Re: todays budget

and the third sort - the ones who partly live off the interest from the money they have saved during their life
for these the pensioner bonds could be a big help if the interest rates are higher than the competing commercial offerings - 2.8% for a 1 year bond doesn't look bad at present with a £10,000 limit
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Pro
Posts: 5,756
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Registered: ‎11-02-2013

Re: todays budget

2.8% is rather better than the 0.1% my savings account has been offering for the last few years ......
just because your paranoid doesn't mean they aren't out to get you
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Community Veteran
Posts: 38,460
Thanks: 1,033
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Registered: ‎15-06-2007

Re: todays budget

well you should have moved to one of the newer ones which offer more than 10 times that
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Pro
Posts: 5,756
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Registered: ‎11-02-2013

Re: todays budget

if I had any savings I might well of done, I just never closed the account when I was forced to spend them a few years ago, before the crash the account offered 8% on everything over 1k.... but I still get the monthly statement telling me that my tenner earned nothing Smiley
just because your paranoid doesn't mean they aren't out to get you
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Community Veteran
Posts: 19,489
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Registered: ‎12-08-2007

Re: todays budget

The increase in personal allowances to £10,000 won't affect most pensioners. We were already getting an age related top-up which was stopped a few years back and our allowance was frozen until the standard personal allowance catches up. |This will happen next April when the personal allowance goes up to £10,500.
Apart from that not a bad budget. Good for business and also for savers. The new rules that allow individuals to do what they want with their pension pot is also good and well overdue.  Pity it won't help existing pensioners.
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Pro
Posts: 5,756
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Registered: ‎11-02-2013

Re: todays budget

certainly it was a much better budget than one Gordon brown had a few years ago where he plundered all those private pension scams and effectively made them worthless
just because your paranoid doesn't mean they aren't out to get you
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Community Veteran
Posts: 19,489
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Registered: ‎12-08-2007

Re: todays budget

I also liked the imaginative use of the LIBOR fine money by adding other charities into it such as RNLI, other rescue services and air ambulance etc.
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Aspiring Pro
Posts: 575
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Registered: ‎27-11-2012

Re: todays budget

Biggest effect for me is the increase from 120% to 150% in the calculation of maximum available drawdown from my pension pot.  That's a big hike, danger is it could very quickly run the pot dry  Undecided
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Community Veteran
Posts: 20,030
Thanks: 2,724
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Registered: ‎06-11-2007

Re: todays budget

Haven`t seen or heard anything about it............
has he increased fuel tax on petrol and diesel? 
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Community Veteran
Posts: 38,460
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Registered: ‎15-06-2007

Re: todays budget

nope
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Community Veteran
Posts: 20,030
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Registered: ‎06-11-2007

Re: todays budget

Oooh Goody !... Cheesy
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Community Veteran
Posts: 15,218
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Registered: ‎01-08-2007

Re: todays budget

Don't worry shutter.. the supermarkets will soon "lead the way" in increasing the fuel prices  Cry
I need a new signature... i'm bored of the old one!
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Community Veteran
Posts: 19,489
Thanks: 478
Registered: ‎12-08-2007

Re: todays budget

My local Tesco had unleaded at 125.9p a litre today.