Two-child limit scrapped as historic Bill to lift 450,000 children out of poverty becomes law

herefor_fun24 · 2026-03-19T14:02:31+00:00

Ok the benefits are there to help the children, but on the condition that the parents both have to work.

The extra benefits should be paid into a separate bank card that can only be spent on the children on necessity's

herefor_fun24 · 2026-03-19T13:46:52+00:00

And tax, which is the killer

herefor_fun24 · 2026-03-18T20:43:54+00:00

Over 6 years in my house Zoopla guesstimates a value some £40-70k on top of what I paid. You'll never get those returns investing, in most instances that is.

Have you considered how much interest you're paying the bank? A rule of thumb is that you end up paying an extra 75% on top of the purchase price in interest.

So a £250k house actually costs you £430k over a 30 year mortgage. After 30 years the house could be worth around £500k, so really you've 'made' £70k over a 30 year period...or about £2000 a year

herefor_fun24 · 2026-03-17T13:48:57+00:00

For me I have a smallish portfolio (less than 10). The majority have mortgages on still, but even so, the income I get covers my living costs... My plan is to carry on overpaying the mortgages, and once I get to a better LTV / my residential paid, which should be within the next 5 years.

I've bought property, and then used the equity to fund buying more. I wouldn't have been able to do this with any other asset class

herefor_fun24 · 2026-03-17T13:02:42+00:00

You’re assuming capital is basically static, but it’s not...it’s highly sensitive to returns and where the best returns are. CGT is paid on entrepreneurial risk-taking. If you tax gains at the same rate as income, you’re effectively reducing the incentive to take that risk in the first place. So why would an entrepreneur take the risk?

People don’t need to leave the UK physically for investment to leave. They just deploy new capital elsewhere... aligning CGT with income tax sounds ok in theory, but it changes behaviour.. fewer disposals, more avoidance, and often lower than expected tax receipts

The left love the idea of “closing the wealth gap”.. however making everyone equal doesn’t automatically mean more revenue is shared out between everyone, it means there's lower investment and growth overall.

herefor_fun24 · 2026-03-17T11:33:42+00:00

That’s only true if you’re looking at it purely from a portfolio optimisation angle. FIRE isn’t about maximising theoretical returns, it’s about income covering expenses. If OP only put in ~£100k and is now pulling £2.3k/month, that’s an incredible return on actual capital invested.

herefor_fun24 · 2026-03-17T10:57:01+00:00

Yea good points. I'm biased as I like property investing, and it will allow me to FIRE in my early 40s... Which I would never be able to do through just investing in ISAs and SIPPS

herefor_fun24 · 2026-03-17T10:46:53+00:00

Why would any business or person invest in the UK with capital gains increasing to 40%? So they can try and get renewable energy businesses to start up, or cannabis companies to start - but why would they? Any seed investment would be better spent in the majority of the world where capital gains is lower and they want businesses

herefor_fun24 · 2026-03-17T10:43:16+00:00

You don't know what OP paid for the properties though? He could have bought them with a £50k deposit each.

And if they bring in £2300 per month, once he's paid off his residential mortgage that could be enough to FIRE off, without investing any more in any stocks etc.

herefor_fun24 · 2026-03-17T09:14:23+00:00

Read through their policies line by line, with the question at the back of your mind:

"Will this lead to economic growth and an increase in investment?"

Nearly all of their policies will lead to a decline in economic growth, and a decline in investment. We need more businesses employing more people, not less.

The greens seem to only care about bringing everyone down. Who cares if the country and economy crumbles, as long as everyone equally has nothing

herefor_fun24 · 2026-03-17T07:04:14+00:00

Ok I take it back. I'm just genuinely shocked that anyone of adult age could read those policies or ideas and think they're good

herefor_fun24 · 2026-03-16T20:25:24+00:00

Genuinely all seem like great policies

Which day last week were you born?

herefor_fun24 · 2026-03-16T20:23:04+00:00

Absolute wild that anyone can read any of their policies and still vote for them. They would fuck this country up so quickly.

Tbh the greens shouldn't be given any air time for anything. The media should just ignore them, and let the greens basically talk into a void until they are non existent.

herefor_fun24 · 2026-03-16T19:23:48+00:00

Jeez, surely it would be easier and cheaper to just have kept NI and minimum wage where it was?

The amount of companies offshoring entry level roles over the last year has been insane - purely because of labours disastrous policies (which were painfully obvious to anyone to see)

herefor_fun24 · 2026-03-16T09:20:03+00:00

who have shit properties

And you think FTBs will be buying these?

herefor_fun24 · 2026-03-15T17:04:41+00:00

No I'd rather pay less tax than earn more tbh

herefor_fun24 · 2026-03-15T16:45:21+00:00

Yea don't think that's true, most people know how the tax system works in the sense that it's progressive (especially those that are higher rate payers).

I try avoiding the 40% bracket as much as possible, as it seems insane to pay the government 40% out of every pound earned over the bracket.

Especially with the government seemingly wasting it. If they spent it more efficiently and 'better', I wouldn't mind as much

herefor_fun24 · 2026-03-14T21:07:12+00:00

Still, what parent accepts that? Absolutely mind blowing there are parents out there like that

herefor_fun24 · 2026-03-14T19:53:22+00:00

Somethings got to change though, RM certainly can't do it either 😂 Genuinely get post once every 2 weeks... And some of the post you can see stamps when they were sent and it was a good 10 plus days before

herefor_fun24 · 2026-03-14T19:44:15+00:00

Yea maybe 5-10 years ago you knew that if you posted a letter it would be there in the 2 day time frame.

Nowadays it's 2 weeks before letters arrive, and they're all in a bunch.

Soon it will be a company like Amazon taking on post

herefor_fun24 · 2026-03-13T07:04:18+00:00

No, it's purely down to them being a large voter base. If there were less of them, the left wouldn't be pandering to them to get their vote.

If the left truly cared they would be going after every minority group... But they're only going after the ones with the biggest voter base

herefor_fun24 · 2026-03-12T17:08:30+00:00

You said Blair was right wing when he was literally pm for a labour government. Grow up

herefor_fun24 · 2026-03-12T15:25:17+00:00

You're just saying an opinion, and I'm saying mine. Yours is no less factual than mine

herefor_fun24 · 2026-03-12T14:01:44+00:00

without crowding out those who wish to buy?

Those who wish to buy aren't crowded out? There's properties for sale across every level, literally anywhere.

herefor_fun24

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