The Paradise Papers.

Pacifico

You are perfectly capable of doing that now, there are many ethical investment schemes but they will only ever be a small part of the market as most investors look for the best returns.

Bl4ckGryph0n

Worried about being found out about what? As long as you've stuck to the rules what is there to worry about? Anything above and beyond that is entirely voluntarily...

Jezza99

That's just as misleading.

The top rate of tax is higher now than in any year under the previous labour government.

Even the big increases to the tax free allowance are of no benefit to the highest earners.

The tax burden is soon to be at a 50 year high. We are not a low tax economy.

Cliff

Well I'm sorry that happened, but at least it can no longer happen now under current UK law. 50 is not to old to start pension contributions ! Remember you get tax relief on your highest marginal rate on up to 40K PA contributions, so if you choose to invest outside of a pension wrapper then you are not taking advantage of free money !

NewfieDrool

The BBC is rolling with this story and it keeps repeating the same mantra about the Queen's investments. It is basically tarnishing the Queen because they are suggesting she is avoiding tax, by implication, because her investments are offshore. But then they go on to deny this...

'There is nothing illegal in the investments and no suggestion that the Queen is avoiding tax, but questions may be asked about whether the monarch should be investing offshore.'

By association the BBC mention 'the Queen's' investment company includes small investments in  Brighthouse, which is a rent-to-buy (HP) company charging high rates of interest.  Look, if you don't like the terms, don't get your washing machine from Brighthouse. Simple!
But really, to connect Brighthouse, or Threshers to the Queen is going a bit too far.

If you have a savings account at a normal High street bank, do you know how and where your money is invested?

krish

I invested in property and land rather than a pension, Ive 9 acres with an annual income from that which is doing very well and my property. I will not be handing my money to a pension company as I’m not going to be working to the government retirement age and my companion looks after me if I run into trouble which is very kind of her.
To be honest I can’t argue with her, she’s a multi millionaire for a reason, I’m not.
She’s looking at a place nearer to her and wants me to think about retiring. I’m tempted to be honest. We are off to look at a possible property over the next week by the sea but will wait and see what it’s like for a place to spend time at in the summer.

Enki

‘Rich bastards using tax havens’ report also claims bears defecate in woods

Jezza99

What gets me, most of us get doubly shafted, we have underfunded services, then have to pay higher taxes to compensate for the fact these people can get away with paying their work force as little as  £4.05 per hour, because we supplement these workers with the various in work benefits.  What happens in my experience people who support such tax planning are cool with it until they have personal experience of the negative effects, such as loved one or friend having medication treatment withdrawn or not available because of financial viability etc...

Bl4ckGryph0n

By Jove you are right for a change !

We should absolutely scrap Gordon Brown's Tax Credits and Child Tax Credits racket. A 30 Billion quid bribe which is an absolute disgrace.

Jezza99

So why not lobby your MP to get this sorted? Moaning on a forum isn't going to do anything, get it sorted dude if you feel so strongly about it...