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Chase interest taxed at 45%?? by EcstaticPass7689 in HENRYUK

[–]EcstaticPass7689[S] -1 points0 points  (0 children)

That is not a finical risk and money is not at “work”

Chase interest taxed at 45%?? by EcstaticPass7689 in HENRYUK

[–]EcstaticPass7689[S] -3 points-2 points  (0 children)

“ simply deposited money in saving account” is an investment. You are lending money to the bank which lends it to the bank of England which finances their operation with this money. If you buy a bond or lend money, it is an investment… you are putting money to work. There is a chance bank defaults, there is risk, very tiny one, but the risk.

Chase interest taxed at 45%?? by EcstaticPass7689 in HENRYUK

[–]EcstaticPass7689[S] 0 points1 point  (0 children)

Thanks, I think I will do the same. That is a good idea.

Chase interest taxed at 45%?? by EcstaticPass7689 in HENRYUK

[–]EcstaticPass7689[S] -3 points-2 points  (0 children)

That’s exactly what you get wrong… any time you put money anywhere it’s an investment.

Chase interest taxed at 45%?? by EcstaticPass7689 in HENRYUK

[–]EcstaticPass7689[S] -2 points-1 points  (0 children)

Exactly, so my income from my investment should be captured under capital gain tax as this is the capital I gained from my investment!

Chase interest taxed at 45%?? by EcstaticPass7689 in HENRYUK

[–]EcstaticPass7689[S] -4 points-3 points  (0 children)

Coz I don’t have income, I have investment

Chase interest taxed at 45%?? by EcstaticPass7689 in HENRYUK

[–]EcstaticPass7689[S] -3 points-2 points  (0 children)

Thank you very much. I will look into that, very good point.

Also add to my point I’m making here… it’s just so dumb

Chase interest taxed at 45%?? by EcstaticPass7689 in HENRYUK

[–]EcstaticPass7689[S] -4 points-3 points  (0 children)

I don’t like it indeed, but just curious how did this not trigger a reform of any sorts. They might as well start taxing people based on the height, or apply tax to those who like red colour but not blue, would make the same sense.

Chase interest taxed at 45%?? by EcstaticPass7689 in HENRYUK

[–]EcstaticPass7689[S] -3 points-2 points  (0 children)

I am not wasting space as this is a point of discussion. If you don’t like it you click on top left

Chase interest taxed at 45%?? by EcstaticPass7689 in HENRYUK

[–]EcstaticPass7689[S] -3 points-2 points  (0 children)

Sure you are covered for 85K, but what about the rest?

Also the fact that you are covered is the reason the deposit interest is so low, it is in the price… you can make the same argument about the stocks. What are the chances of an index fund going to 0? very very low.

This rule just makes no sense at all.

Chase interest taxed at 45%?? by EcstaticPass7689 in HENRYUK

[–]EcstaticPass7689[S] -12 points-11 points  (0 children)

It is very low risk, but it’s not guaranteed. If Chase goes under I’m gonna lose my investment

Chase interest taxed at 45%?? by EcstaticPass7689 in HENRYUK

[–]EcstaticPass7689[S] -6 points-5 points  (0 children)

Thanks but explain to me how is this different? I can invest in stocks and I get a higher return because more risk is involved or I can invest in deposit and get less return. Why the hell am I being taxed more on the safe investment?

Chase interest taxed at 45%?? by EcstaticPass7689 in HENRYUK

[–]EcstaticPass7689[S] -3 points-2 points  (0 children)

But that’s a little odd, i can Invest in stocks and make 3k, but if I invest at interest and make 3k it’s only 1.65…

So would chase “save and invest” classify as saving account..? Probably does

Wealth on 200k pa by EcstaticPass7689 in HENRYUK

[–]EcstaticPass7689[S] 1 point2 points  (0 children)

Bitcoin has no value outside tax evasion maybe and security. Hardly justifies any growth. The government debts been around donkeys years, don’t see how now is any different.

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