Meet the Other Phone. Only the apps you allow.

Meet the Other Phone.
Only the apps you allow.

Buy now

Please or to access all these features

Politics
Thread gallery
6
Bambamhoohoo · 26/11/2025 13:26

Bambamhoohoo · 26/11/2025 13:24

I don’t under stand your point at all. You get tax relief on contributions, and, as you point out, significant free money from your employer.how will you be losing a huge amount? Less will go into your pension, for sure, but how can it be huge?! It’s just the salary sacrifice element

Sorry that’s only just posted but I wrote it ages ago- I can see SS vs pension has already been debated 🙈

Coletilla · 26/11/2025 13:26

AmberFawn · 26/11/2025 13:21

I think you’ve completely misunderstood a major point, the cash ISA allowance is being lowered to push S&S ISA instead. Which will stimulate the economy if uptake is good.
S&S ISAs outperform cash ISAs in the long term anyway so absolutely nothing about this move shouts don’t save.

I think she said that the 20k was staying for people over 65. Did I get that right?

When people give examples of greater gains “long term”, I wonder what they mean by long term. I can’t imagine being 55+ and risk averse and saving into a SS ISA. So I think there’ll be a particular cohort that will be most affected.

Kuretake · 26/11/2025 13:26

whirlyhead · 26/11/2025 13:23

I had a stocks and shares ISA with Nutmeg for about 6 years and made no money. When it got back to the level I'd originally invested, I closed it down. That doesn't encourage me to try again with another one! I've done much better investing in USD stable coin via Nexo at 11% a year.

What period was this? I honestly wasn't aware there was any period where stocks and shares were flat for a 6 year period. My Nutmeg ISA has consistently grown at 10-15% for years with normal ups and downs.

PinkFrogss · 26/11/2025 13:26

DuchessofReality · 26/11/2025 13:16

I think the salary sacrifice changes are only to the NI relief part of salary sacrifice.

So the income tax relief still remains.

It just means that employees and employers NI will be payable on amounts sacrificed over £2000. But in some cases, the 'salary sacrifice' is also partly a compulsory employer contribution.

It’s just not clear if it’s only pensions. I’m pretty sure it’s only pensions as they’re specifically mentioning it, but it doesn’t really make much sense.

I’m sure I’m just worrying over nothing though!

Allthings · 26/11/2025 13:26

BadgernTheGarden · 26/11/2025 13:09

Cash ISA down to £12,000, 2% extra tax on savings income. Mansion tax on property over £2M.

£20K remains for over 65s and the total ISA limit remains at £20K for under 65’s, but £12K for a cash ISA and £8K for S&S ISA.

AirborneElephant · 26/11/2025 13:27

Bumblebee72 · 26/11/2025 13:24

She has just announced that disability assessments will go back to being in person. I think that will put off some of the blaggers.

We can hope, but unfortunately the blaggers are more likely to be able to fake it face to face than some of the people who actually need help. They’ve u turned on any of the necessary changes to the actual criteria.

PropertyD · 26/11/2025 13:28

Marshmallow4545 · 26/11/2025 13:25

They also say they are simply going to apply a CPI uplift but obviously if house prices drop then loads of people will be looking to move down the bands.

Nobody will be open about value adding work they've had done that will push it over the threshold leading to some house worth just over £2 million paying it and others not.

Also could you contest the value when a house on your street sells for lower than expected?

I agree that it is completely unworkable and won't raise anything anyway

I think this too. I have had the pleasure of speaking to both a very large council and the Valuation Office. They are a complete joke.

ShesTheAlbatross · 26/11/2025 13:28

PinkFrogss · 26/11/2025 13:26

It’s just not clear if it’s only pensions. I’m pretty sure it’s only pensions as they’re specifically mentioning it, but it doesn’t really make much sense.

I’m sure I’m just worrying over nothing though!

I’ve changed my opinion on this from my last reply to you. From what she said, it looks like just pensions.

AutumnLeavesandKnittedJumpers · 26/11/2025 13:28

TeenagersAngst · 26/11/2025 13:13

Such an ill-informed comment.

We need more money in the economy, not just in the hands of the government. Tax hikes only stifle growth. Growth is what we need, not ever-increasing and complicated taxes.

Yes. In the economy. Not sitting tax free in ISAs

Bumblebee72 · 26/11/2025 13:28

Gambling taxes are going up a lot. That will get back quite a bit of 2 child benefit tax change money.

whirlyhead · 26/11/2025 13:28

Kuretake · 26/11/2025 13:26

What period was this? I honestly wasn't aware there was any period where stocks and shares were flat for a 6 year period. My Nutmeg ISA has consistently grown at 10-15% for years with normal ups and downs.

I closed it down about 5 years ago, I think. It mainly went down rather than up, so I waited until it was back at the level I paid into it. I chose a conservative risk strategy too.

MeouwKing · 26/11/2025 13:28

No tax on Bingo

Moraxella · 26/11/2025 13:28

@PropertyD
exactly! Also I consider myself financially fairly clued up but I have cancer so I’m not going to play the long term S&S investment game as chances are I won’t be here in 10yrs. I’m no where near 65.

Bumblebee72 · 26/11/2025 13:29

AutumnLeavesandKnittedJumpers · 26/11/2025 13:28

Yes. In the economy. Not sitting tax free in ISAs

What do you think happens to the cash in ISAs? It is invested by the banks into businesses. It doesn't just sit there doing nothing.

AmberFawn · 26/11/2025 13:29

whirlyhead · 26/11/2025 13:23

I had a stocks and shares ISA with Nutmeg for about 6 years and made no money. When it got back to the level I'd originally invested, I closed it down. That doesn't encourage me to try again with another one! I've done much better investing in USD stable coin via Nexo at 11% a year.

You had bad investments then unfortunately , a little research and it’s a fact that S&S ISAs outperform cash. My own is sitting at about 10-20% and I know very little about the stock market. Your single experience isn’t the norm.
Anyway, point is S&S ISA uptake will stimulate the economy which desperately needs to happen.

Mythreeknights · 26/11/2025 13:29

Kuretake · 26/11/2025 13:26

What period was this? I honestly wasn't aware there was any period where stocks and shares were flat for a 6 year period. My Nutmeg ISA has consistently grown at 10-15% for years with normal ups and downs.

I think success with stocks and shares depends on whether you're open to investing inethically vs ethically. My ethical S&S ISA performed apalingly.

AutumnLeavesandKnittedJumpers · 26/11/2025 13:29

Bumblebee72 · 26/11/2025 13:29

What do you think happens to the cash in ISAs? It is invested by the banks into businesses. It doesn't just sit there doing nothing.

Cash ISAs are not the driver of growth.

TeenagersAngst · 26/11/2025 13:30

Marshmallow4545 · 26/11/2025 13:18

Plus nothing is worth anything until it's sold. So who are they going to enlist to give a realistic market value in a fluctuating market?

Also if you discover some fatal issue with your home like subsidence can you reclaim all the extra tax as your home was actually never worth £2million?

How were properties initially valued in 1991?

xanthomelana · 26/11/2025 13:30

AutumnLeavesandKnittedJumpers · 26/11/2025 13:29

Cash ISAs are not the driver of growth.

Enlighten us about what drives growth please.

CJones11 · 26/11/2025 13:30

Handbagcuriosity · 26/11/2025 13:24

I don’t want to see kids in poverty and I think people who are ill/disabled have worked but fallen on hard times should be entitled to help and support be it financial or otherwise. But I do not agree with blanket lifting the 2 child cap.

In the UK we’ve access to free contraception and family planning, we have lots of support universally available in terms of healthcare. Obviously there are circumstances where people may have had more than 2 children outside of their control eg abusive relationships, or multiple births (twins/triplets etc) and so I agree to a lift on the cap for certain circumstances and would support this.

But to blanket lift it does piss me off. DH have come from a working class background, we don’t have rich parents. DH and I have had to work hard to get the jobs we have now. We don’t earn huge amounts, above minimum wage but below average, we’re taking steps to progress to earn more money. We have been responsible, worked since a young age, lived within our means and we had one child because we couldn’t afford another and didn’t want to be stuck for money.

I know for a fact in our local area there are thousands of people who are having multiple children who don’t have any special circumstances where they may qualify for extra help. Who take no responsibility for their health, wellbeing or family planning, couldn’t care less about their children’s needs don’t make any effort to get any sort of job. I know that this will be reflected across the country and it is this which really pisses me off.

Have been talking to friends recently about how we feel we are on a treadmill of working, looking after kids, trying to be sensible with money. Trying to save. Feeling knackered. It just isn’t fair that one group of people are working their arses off and just keeping things afloat and another group of people couldn’t give a crap and expect the rest of us to fund them.

I agree with some of your points. But unemployed people with multiple children will unlikely benefit much from lifting the two child cap as an overall benefit cap still exists. It will predominantly support working low income families with multiple children.

whirlyhead · 26/11/2025 13:30

Mythreeknights · 26/11/2025 13:29

I think success with stocks and shares depends on whether you're open to investing inethically vs ethically. My ethical S&S ISA performed apalingly.

Yes, I think that's where I went wrong too, as I tried to invest ethically.

BufferingAgain · 26/11/2025 13:31

I’m just gonna quit my job and set up a pop up bingo hall in the garage

AutumnLeavesandKnittedJumpers · 26/11/2025 13:31

xanthomelana · 26/11/2025 13:30

Enlighten us about what drives growth please.

People spending or investing their money? Not the rich hoarding it tax free

BadgernTheGarden · 26/11/2025 13:31

AmberFawn · 26/11/2025 13:21

I think you’ve completely misunderstood a major point, the cash ISA allowance is being lowered to push S&S ISA instead. Which will stimulate the economy if uptake is good.
S&S ISAs outperform cash ISAs in the long term anyway so absolutely nothing about this move shouts don’t save.

Except many people don't want the risk and uncertainty of S&S, there is nothing guaranteed on S&S and with the economy as it is it could be years before you see the possibly greater interest.

Getting people to invest in something they don't understand is not a good idea and is a big opportunity for scammers flogging very high risk S&S investments when most people would be better off in a 'safer' simple tracker.

SL2924 · 26/11/2025 13:31

PropertyD · 26/11/2025 13:25

A lot of people wont do a Stocks and Shares ISA. Too risky for them.

I have a friend who uses the Cash ISA. She is quite switched on but she has told me she wont 'risk it' There are many like her. You could lose all your money whereas in the cash ISA its safe. Why dont Labour understand this.

Martin Lewis had a post about a workaround for this where you can use a shares ISA to hold cash. I don’t know the details but worth looking at if S&Ss is a concern.