Aviva Share Discussion Threads

[dr biotech] 10/2/2024 20:31

125k take home is £6379pm. If you put 12% into your pension then you take home 5879.

Your kids could always get jobs - isn't that what were supposed to teach them?

But even if you choose to support them for the short time they are at uni (and I'd hope you wouldn't give them £80 during their holidays), it would still mean you had around 3800pm to live on. If you can't live on that then you have over extended yourself elsewhere.

[watfordhornet] 10/2/2024 19:57

130k and guess take home just shy of 6k so £5500 after small pension contribution. You have two kids at Uni - £80 each a week living expenses plus £175 rent a week each. In total c just over £2k in costs for kids.£130k soon disappears!F all help from govnt so not too much left at end of month to pay mortgage, food etc

[whatsup32] 10/2/2024 18:04

Doc . 47% for £125k plus earners, you have other taxes after that.
Then you have speeding fines at 24mph , parking fines , council taxes , TV license, Netflix , Internet , 4 x mobile phone , school uniforms, extra music lessons for kids ,
repairs around the house , repairs to cars ,
Above is for a relative working as a Captain for a major .

[dr biotech] 10/2/2024 16:40

If you earn 130k a year the take home is about 80k or around 275k if you are earning 500k. Thats without paying into a pension (or student loan).

[smurfy2001] 10/2/2024 16:25

Liz Truss’ mini-budget helped knock £425bn off pension funds’ assets in 2022

[tuftymatt] 10/2/2024 16:12

That's a smart way of doing things but you still face caps.

Good old Rishi and the big "earners" don't face the same kind of obstacles so in percentage terms come out far better off and continue to repeat it year after year too.

We are now very clearly in a society where the more you have the more you will be able to grow tax efficiently where as if you have to work the more it will cost you in tax.

Unless that changes the country faces ruin because it needs the masses to be working to keep the lights on and not the likes of the mega rich who are just accumulating. If a banker, hated by the working public, earns £500k a year then they will pay 60% roughly inc NI. Sure they could then use some of their take home pay to reduce the tax bill via tax efficient investments but it's the true elite that have it far easier to save vast amounts via tax efficient routes.

This fear of the super rich leaving the UK is unfounded as where will they go and if they do go well they can't take their houses with them.

[rongetsrich] 10/2/2024 14:55

I've never been a big earner, but when Gideon went for the child allowance for £50k+ I took advice. Hundreds of mindless firms later the solution was a personal pension. Since that day I've brushed up, moved it all into a SIPP and got rid of 3 dependents, sort of!I'm quite lucky as a contractor, as Salary Sacrifice was offered, and boy does it make sense. A personal pension was to get my tax back, SS saves me paying that tax AND NI on the amount I put away. It's not forever though, and Labour are going to come in and stop it... that will be the day I become economically inactive.Until then it's a case of save save save, all within four tax wrappers.

[tuftymatt] 10/2/2024 14:31

Great post Whatsup32.

Look at what our PM paid in terms of tax last year, 23% on over £2m!!
If you have a ton of money you can make a ton of money but if you have a job then you will be taxed so hard you will never be able to make a ton of money.

Sure people will say build your own business and you can eventually sell it and pay less tax but how realistic is that for the masses. Working in this country is becoming more expensive to do so no wonder more and more people are not bothering and now firms are again looking for more foreign labour.

I have no problem with foreign labour but it shouldn't be needed because it's no longer cost effective for some people to work.

Off topic I know but it's the weekend so I hope it's ok.

Good luck all 👍🏻

[p0pper] 10/2/2024 11:56

Me too Lippy, glad my working days are over and retired now, also had my own business from the time I left school, latterly a waste of time trying to employ youngsters to work, never on time and couldn't care less if they were late, always had excuses why they couldn't do this or that, even worse now, people just do not seem to want to work, on the news this morning there was something about British workers and this theme, flippin scandalous really.

[whatsup32] 10/2/2024 11:53

If you're earning £130,000 a year , after paying accumulative taxes of over 60% you're left with £52k , a huge some .
Now pay your mortgage, repairs to 2 cars and home ,insurance to home and cars , road tax , petrol , clothes and spending for 2 kids at near teenage, food for four.

Guess how much you're left with . Near Zero. And that's someone on £130k pa

Only people having it easy is the billionaires and their friends in very high places . Middle class is disappearing
and working class and unemployed are having a horrid time of it.
Now imagine you're a single parent with one kid. The cost of baby sitters is so high You're better of going on the dole.

This country is going down fast it has been for a long time due to incompetent leaders . Tax payers money that's wasted should be criminal , covid payments, HS2 , flowery Bridge over Thames ...and not a single person in jail.

Only people that have been thrown in jail is Subpostmasters.

[carpingtris] 10/2/2024 10:52

Goes back to that benefits programme on TV a few years back when they interviewed some folk in there homes... all claiming benefits of one sort or another and all I could see in the background was a games console, flat TV, they smoke and had pets.. not bad for folk without jobs!

[geckotheglorious] 10/2/2024 09:17

Greedier and more indebted, up to their eyeballs in Leases, hire purchases and all the other methods enabling people to have the latest gadget despite not really being able to afford it.

Greed begets greed indeed.

[jonnybig] 10/2/2024 09:14

Yep the better off people get, the greedier they get and moan they should have more.

[geckotheglorious] 10/2/2024 09:09

Lord Gnome
Life was indeed much simpler then, tougher but simpler.
And I suspect we were ALL better for it.

[lord gnome] 10/2/2024 06:48

A serious subject, but I could identify with some of the points made by fenners. Back in 1974 when I was married, my take home pay each month was just £100. My mortgage took £70. My wife’s £14 net pw paid for housekeeping and food. To get by we had three part time jobs between us - and we were at night school as well. No carpets, hand me down furniture and cheap curtains. Oh, and no tv for the first year. Happy days

[whatsup32] 09/2/2024 23:47

10 million shares traded Friday, double usual.

[cjac39] 09/2/2024 21:18

1rob point taken - seems by your maths were due 22-23p in divi ex div in march / april. Im still more positive mng but in terms of rock solid payout av seems the best. i know in theory divi payout gets deducted from share price but it doesnt ever work out like that. so im adding now at this level as its just a silly share price relative to risk. bring on the unloved uk stocks

[cardinal3] 09/2/2024 20:14

fenners

You ought to see what poverty actually means to real people. Scroungers you say? Abandoned wives with kids in tow, disabilities, low pay and loss of jobs all bring people to the door of foodbanks and the benefits system. Actually people aren't automatically given vouchers- by the way three days max via Trussel Trust outlets- their finances are checked out by other orgs eg Citizens Advice first. I can afford my gas bill but lord only knows how those earning at the lower end can afford it.

People claiming benefits are an easy target. Go to a foodbank and see for yourself before tarring everyone with that brush. Sorry, I know it's not a right wing rant and a bit off beam here but it's how I see it on the ground.

[whatsup32] 09/2/2024 16:13

FCA clamps down on providers of add on car insurance in U.K. FT



Re difference between purchase price and current price

[spud] 09/2/2024 15:47

If you think it's depressing now, just wait for the US to have a bad day......

spud

[1robbob] 09/2/2024 15:02

Like with many other Companies
The Market has completely failed to understand the cumulative effect of continued annual share buy-backs
In the case of AV; continued Annual Share Buybacks of £350m pa with a current Market Capitalisation of £11.5bn

[yump] 09/2/2024 15:02

Well back when we had covid I was thinking of voting Labour, but they then spent most of the time since then being persistently moany about just about everything, with an “its not good enough, the Tories should be doing this that and the other.”

At a time when we really could have done with some sort of positive, progressive opposition.

Dunno which way to vote now. They’ll carry on moaning about the “legacy” I reckon, which is just depressing amd doesn’t help anyone.