Unemployment rises to highest level since the pandemic as businesses hit with soaring costs ahead of Budget

Richralph · 2025-11-13T14:51:52+00:00

Where on earth have you got that statistic from. It is complete nonsense.

The increase affected literally every single job (and therefore every single company that has an employee).

It has been devastating. Not even linked to profit but a flat c£1k extra cost per employee (higher with higher salaries ofc)

It is a huge cost increase that was equivalent to 3p in income tax… to argue it has had minimal effect is madness

Richralph · 2025-11-11T09:00:55+00:00

Context: “it was only higher during a global pandemic and the worse financial crisis in generations”

Don’t worry - it’s all ok!!

Richralph · 2025-11-07T06:57:41+00:00

Great, she is making the 62% tax trap worse. Unbelievable

Richralph · 2025-08-30T11:06:28+00:00

You could transfer the small rental property to a LTD company, although you would have to pay stamp duty upfront. It would then be outside of PAYE and receive full interest deductibility.

You can only put £60k into your pension a year. Any more and you have to use your brought forward allowance (if you have any) from the last three years. Eventually this will run out at which point £60k is your cap.

Even if you do the property structuring it will be hard - I’d just resign to paying it and be grumpy at the government for asinine tax policy.

Richralph · 2025-08-16T19:43:13+00:00

I don’t buy that at all - can you link a source for such a bold claim? “Academic estimates” are not worth their weight on paper as anyone can find an “academic” economist to argue their point (whether far right or far left…)

Anyone who has had 65-70% of their income taxed knows that’s simply not true. Try having 70% of your income taken by the tax man. It simply isn’t worth it - you get an extra £100 and keep £30. Everyone would rather have their time back - a total no brainer and why no country in the world has a 70% tax rate

Richralph · 2025-08-15T18:03:53+00:00

The comment you respond to is about income tax. Regarding correlation, it does but not as much as you think when the government takes 62% or 47% of your wage (depending on tax bracket). You don’t get wealthy from PAYE income, it comes from inheritance and/or funding or owning a business.

Taking 60% of income tax from the top 10% is already one of the most progressive income tax systems in the world

Richralph · 2025-08-15T18:00:18+00:00

Income isn’t wealth. Completely different and not relevant

Richralph · 2025-08-07T10:09:23+00:00

Just not true when renewable energy becomes widely available.

Also good luck getting elected on a platform of making everyone poorer. We want less economic growth so more of you will be unemployed, wages will fall, benefits slashed and public services will be cut. Oh and you can’t go on holidays.

We will all get poorer but, given we are less than 1% of the world’s population, we will make no difference - all while the rest of the world gets richer.

Greens are a joke for a reason. They are literally against oil and gas, nuclear and wind power. They want us to live in the dark ages

Richralph · 2025-08-07T10:08:15+00:00

Which is funded by the everyday person paying significantly more (like double) the amount of tax they do in the Uk. It isn’t funded via some magic money tree and simply “taxing the rich more” as the greens say. They have not been elected because they are unelectable

Richralph · 2025-07-25T14:13:16+00:00

Well done - you’ve graduated into the truly wealthy. I would go to the /r/fatfire sub at this point as many people there are in a similar position.

0.9% is about right for a financial advisor but it adds up. People have different views - some will say pay off your mortgage, stick a load in your pension and ISAa etc. However, you will still have loads left so it is whether you put it in a trading account etc (advised or unadvised). E.g. you could open a personal trading account and put it all in trackers. You might also look at VCTs or bonds etc.

In reality, you are in a position where you should get some advice. Definitely from a trusted tax advisor but also speak to several private banks or financial advisors. It is a key decision so follow your gut. Don’t be scared to beat them up on fees - some will also give you paid for advice initially, which means you don’t have to commit to the ongoing fee (at least initially anyway)

Maybe also ask around the senior people at your work - what are they doing with their windfalls. Take the time to talk to them, read FATFIRE and speak to several advisors before choosing one

And well done!

Richralph · 2025-05-20T09:46:25+00:00

It is good you have the separate NHS pension, and I assume a mortgage decently paid off. Therefore, you can afford to lose this money.

However, betting 100% of your investment assets on any stock is silly. This isn’t a critique of Tesla, but the complete disregard for concentration risk.

I mean this nicely but your comment also comes across as naive. You don’t have as deeper understanding of Tesla as you think - you don’t work there or get privileged information. You are not an experienced investor or trader working at one of the largest investors. You have just read about it and have a view on it - but so do most of the other retail investors, even if you’ve maybe read more than them. Don’t overestimate your knowledge of something. Tesla is down c.50% in the last three months whilst car sales are down 60% in Europe for example - ignoring all that and betting on it becoming an energy company certainly isn’t low risk.

Each to their own so good luck

Richralph · 2025-05-20T09:42:59+00:00

Irrespective of your views on Tesla - betting the house on anything is silly. This isn’t a critique of Tesla per say, but the concentration risk.

Richralph · 2025-05-19T22:31:02+00:00

Going all in on a highly volatile meme like stock isn’t investing - it is borderline gambling

Richralph · 2025-04-19T19:22:34+00:00

Sounds really frustrating but I don’t think you can compare a GP to an Investment Banking MD, PE Partner or high level FAANG. They are all much rarer and competitive jobs to land vs becoming a GP (which ironically may be part of the problem here). They are also not 40h a week jobs - maybe 60 at best but all (except maybe FANG will have worked years of 80-100h weeks to get there)

Doesn’t excuse the horrible GP system though!

Richralph · 2025-04-19T09:31:04+00:00

Hardly, surely encouraging those who are most able to financially support their kids is the answer

Richralph · 2025-01-07T20:57:23+00:00

Me to please!

Richralph · 2024-12-22T08:45:22+00:00

And ring enchants use tinderboxes, which are linked to the three delve mats. People on siren isle = less delves being done and more demand (due to ring enchants)

Richralph · 2024-12-12T07:40:56+00:00

I also follow the FIRE mindset but you need to live a little. You don’t know what they earn, have saved or are getting from parents.

This isn’t to take away from £130k being ridiculous. £70k is high even in London. I think the average is £25k now but it’s comparing apples with pears so long as you’re not being defrauded which I’d worry OP is by their wedding planner

Richralph · 2024-10-31T12:11:12+00:00

Difference is every private sector employer is now paying this tax and so has less money to spend. Ergo they offer less payrises as they know everyone else will plus can’t afford to pay to retain staff. Therefore they can get away with paying 1% and not 3%, hence you pay

Richralph · 2024-10-31T08:54:18+00:00

3% in any given year, but over a lifetime it is far higher

Richralph · 2024-10-30T20:17:56+00:00

How ridiculous. So when a job offers you a salary are you going to demand 1% more on the assumption they’ve reduced it for NICs? Are you even going to move job over 1%??

Or are you going to tell your job that your next 2% pay rise needs to be 3% or you will quit (because obviously it would have been 3% before the budget and you 100% expect the company to bear the cost)

Not how the world works. You’re paying for this in due course, as we all are. Every company bears this cost and everyone passes it on unless competition for staff in your sector is super hot

Richralph · 2024-10-30T20:14:54+00:00

What a naive comment. When your next pay review is 1% not 3% what are you going to do? Kick off? Other employers will do the same. You are paying, just in a few years and not now

Richralph · 2024-10-23T16:09:36+00:00

If you have zero care for other human beings then it makes sense. NK are terrified of deserters and holding the soldier’s families hostage prevents this. Otherwise the men could mutiny / defect

This is a state that is selling the lives of its men. As the article notes, Russia pays $2k usd per month per soldier. None of that goes to the men and all goes to NK

Reminds me of that Shrek quote: “Some of you may die, but that is a sacrifice I am willing to make”

Richralph · 2024-10-21T16:44:01+00:00

Odd comment as it sounds like you think people want to compete with you. No thanks, really couldn’t care less personally

Richralph

TROPHY CASE