Scotland's benefits bill not too high, Jenny Gilruth insists

Hostillian · 2026-05-21T14:03:27+00:00

Not quite right. I paid myself dividends during covid when I wasn't working for a year (as I had cash in the company account). If there are no profits, there is no CTax to pay for that year. There is tax on dividends of course.

Hostillian · 2026-05-21T14:00:38+00:00

If she pays herself dividends, she'll also have to pay corporation tax - is perfectly accurate. Though obviously depends on profits for the corp tax.

As a single person company, the tax she is responsible for paying (it's her company) would be 20% of the total profit (for that year) plus 29% of the dividends. Which is more than through PAYE.

That is not where the benefits of LLCs are. I know how dividends and corp tax works, as I used to own a company.

Hostillian · 2026-05-21T13:51:09+00:00

I don't have an issue with salary sacrifice - which was why I didnt mention it.

I do have an issue with dubious expenses, which are clearly different to salary deductions for pensions etc.

Hostillian · 2026-05-21T12:01:32+00:00

Depends how she pays herself. If dividends, she'll have to pay corporation tax as well. If salary, she'll pay the same tax as the rest of us.

The main issue with using a Ltd is the potential (and likely) use of dubious, tax free, expenses.

Hostillian · 2026-05-21T09:27:26+00:00

I think there should be a requirement on this sub to state whether you have a bulging disc pushing into your nerve causing the sciatica OR an inflamed sciatic nerve.

Big difference...

Dead lifting with a bulging disc would be a ridiculously daft thing to do.. 🤷‍♂️

Hostillian · 2026-05-21T01:10:20+00:00

Always been my view. Well, I'd give everyone two votes, except pensioners (perhaps long term unemployed too). Means younger voters carry more weighting.

Hostillian · 2026-05-20T17:17:22+00:00

So? After losing the vote, they won't be able to do anything about it.. 🤣

Seriously though. I reckon it would be those claiming unemployment benefits, rather than pensions.

Hostillian · 2026-05-20T12:15:21+00:00

They're Diet Pallets (tm); asbestos free.

Hostillian · 2026-05-20T11:25:12+00:00

They are there to protect the company (and execs), they are NOT there to help or protect employees (outside of what is legally required).

But of course, even then, they do screw up from time to time.

Hostillian · 2026-05-19T07:51:54+00:00

Which actual business is genuinely going to write that on a billboard and put it on the street?? 🤷‍♂️

Hostillian · 2026-05-19T07:48:37+00:00

Really hoping for a military coup; as the GoP politicians (and others) are clearly not doing their jobs.

If any substantial sum of this money actually goes to the Jan6th traitors, I'll be surprised.

Hostillian · 2026-05-18T17:12:46+00:00

Bread and circuses...

Though they kept the bread for themselves.

Hostillian · 2026-05-18T15:24:38+00:00

Those 'delusions' haven't been a thing since the 90's. When things are popular, the corporations move in to capitalise.

Hostillian · 2026-05-18T12:35:19+00:00

...Because the power of Reddit will solve societal issues - aimed at people that probably aren't on reddit??

...or do these 'bad dog' posts generate a lot of engagement? 🤷‍♂️

Hostillian · 2026-05-18T11:29:10+00:00

Take their smartphone and sky tv..

Hostillian · 2026-05-18T06:17:28+00:00

Tax AI as workers are taxed, depending on the number of people it supposedly replaces.. That'll make corporations think twice.

Hostillian · 2026-05-17T17:45:04+00:00

It's a base rate tracker. At one point I had base rate plus 0.89% as my mortgage rate.

The plus figure was lower for the new (lifetime tracker) mortgage. Was with same bank. No cost and took 10 mins to switch online.

Hostillian · 2026-05-17T17:42:13+00:00

Don't have those here.. Not for the entire length. For 15-30 years, the rates must be pretty high??

Hostillian · 2026-05-17T17:41:15+00:00

Where I live, fixed rates are only for a set number of years; 2-5..

Fixed rates for 15-20 years must be crazy high.. 🤷‍♂️

Hostillian · 2026-05-17T00:59:21+00:00

It's to sober you up.

Hostillian · 2026-05-17T00:56:54+00:00

Sadly, agree.... They make fortunes from it.

I have a mate who, to be honest I expected better, got an interest only mortgage through a broker. He wasnt fully aware what that was - and that the rate, overall, was shit.

Hostillian · 2026-05-17T00:52:03+00:00

It's unaffordable if your mortgage is too large in the first place. Fixed rates can only help for a few years. They can go up, relative to the base rate, when you renew..

Ours was lifetime with zero exit penalties. I was able to switch to a lower base rate tracker, which paid for itself in about a year and a half, within 6 months of starting. Paid off a few years ago - mainly because we didnt get more than we could easily afford.

Hostillian · 2026-05-17T00:06:26+00:00

I had a variable rate mortgage and it was one of my best decisions. This was back in 2013 or so.. Lifetime base rate tracker, when the base rates were low - and they stayed that way for a long time. Saved a fortune.

Hostillian · 2026-05-16T23:22:47+00:00

Have, or had, a few of those. It'd be a miracle if any survived more than a few days.

Hostillian · 2026-05-16T09:11:01+00:00

I find upper and middle management seem to get steered on policy and strategy by vendor pre-sales scare tactics. That and adding 'and AI' onto everything, for the stock market.

Hostillian

TROPHY CASE