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Im amazed the HR types were capable of visiting the national parks. The ones I know are 20 stone and stuff themselves with cake all day long.

USS scheme looks to have changed quite a bit over past 15 years. The current scheme has a cap on the salary covered by the DB element and there is a DC element as well. The number of pensioners receiving fully qualifying pensions under the 1974-2011 scheme presumably has declined as well. Only employees starting between 1974 and 1976 would have been able to build up a full 40/80 pension entitlement under the old scheme as it was completely closed in 2016. Anyone retiring after 2016 will have at least part of their pension calculated under the new arrangements. https://en.m.wikipedia.org/wiki/Universities_Superannuation_Scheme

it's actually worse than I thought. My mate pays in £4k,uni pays in £9k=£13k. Then we adjsut for a notional 5% return per annum then the Uni pot becomes worth £810,000 over 30 years of which my mate will get his £18kx 12 years of life to 80=£216,000. or he can put his £4k a year away and genreate a similar return in his name. which sort of hints where the moeny has gone. even back in the 60's alowing people to retire at 50 on final salary schemes was actuarial lunacy.ave age of death on 1960 was 70 years old. i think back then they jsut didnt need to do the maths as there was new blood coming in and the ector wa growing. the issue here comes when the sector goes ex growth,which it looks like on the verge of doing you can see fromt eh data ive psoted that money iin is going straight out and there's a £70bn pot in the mdidle. problem is that that pot cant manage if 1) not enough new entrants come in at the bottom of the pyramid 2) one or tow of the universities go under and see their liabilities get passed around the other UNis 3) people start living longer 4) bond holding keep deterirorating ie the £15bn asset value drop 2022-2023 doesnt reverse 5) the deferred members retire into it without enough of the current oensioners dropping off.

I could buy Soi6 the amount iv made the last month or so, most big holdings running up hard.Mind you no way youd get me ringing the bell .I think we should stick to Soi Buakhao though. That girls name is Praew ,wont find her on the 6

In a rare statement of support for South Africa’s mining industry from a chief executive, Nagle (Glencore) praised the tax regime and said infrastructure and power problems in the country were manageable. “If you look around the world, we have seen changes in royalties across the board — except for South Africa.”

An awful lot won’t be registered as business, they will be fhl on the quiet

Hmrc rates register.

I picked this one because it's been around for 40+ years. And if it does what it did in the GFC my £2k punt could literally mean £millions. #becauseI'mworthit

Got to love a silver animal share with a price starting with 0.

Is there a way of looking at the council tax database to work out if a property is registered as a FHL?

ass mobile trounced them all sorry ast mobile. some bullcrap aboit satellites and shit talking to some chinks without wires or other. 'you pay now. mo flucker'

I'll see your BT and raise you my Silver Elephant

they have rocketed in the last few days, only saw 'em at 103 the other day, are ya tempted to flog 'em as they could well hit £1.70 at this rate...emm with the profits maybe a trip to ya treasured street lol!

Humans have had 100% of the energy security that the sun is able to provide for a Millenia or two already though

Gonna be great when these fucking spastics are running the show.

Supermajor exits the North Sea after 55 years. Hunt and the govt were told this would happen 18 months ago, there were direct meetings between them and CEOs who told them they would divest because of the windfall tax, you cannot invest with banana republic tax uncertainty. Actually that’s not fair on banana republics, is it? Chevron are literally divesting the UK to invest in Guyana. Remember when I said the UK was considered politically riskier than the likes of Pakistan? Well here we are. And as for “this is not because of the windfall tax” that’s equivalent to the chairman saying “I have full faith in the CEO” and then fires him. https://www.reuters.com/markets/commodities/chevron-prepares-north-sea-exit-after-more-than-55-years-2024-05-16/ Chevron are top, top quality operators. Safe and reliable custodians of a national resource (with a reasonable cut for their trouble) fir 55 years. You reap what you sow.

This and your previous related post suggest that the currently and soon to be retired didn't pay in enough. Perhaps they were expected to die younger than they will. Perhaps the people that set it up knew it was a Ponzi but they would be paid out. Younger members of staff are paying for it. In the position of the person in the example I would invest privately. There is a non-negligible chance that the scheme's terms will worsen. He could always re-enter at a later date if it improves. It may also be possible to get some kind of payment for part of the employer contribution. If you don't ask you don't get. Play poor and say the contributions are unaffordable.

Holiday home owners targeted in HMRC crackdown Tax office launches 20-fold increase in investigations following staycation boom Charlotte Gifford, SENIOR MONEY REPORTER16 May 2024 • 10:33am In some areas of England and Wales, more than one in 10 addresses are holiday lets CREDIT: Manfred Gottschalk/Stone RF Airbnb owners are being targeted in a tax probe surge following a boom in holiday let investment. HM Revenue & Customs (HMRC) launched nearly 2,000 holiday let enquiries in 2023-24 – up from 375 the prior year and just 95 the year before that, according to official data. The figures, obtained by The Telegraph in a freedom of information request, show there was a 20-fold increase in investigations between 2021-22 and 2023-24. The tax office said it was investigating holiday home investors suspected of failing to declare income following a post-pandemic boom in staycations, while experts warned taxpayers could be caught out by coronavirus easements on tax rules which no longer apply. It comes after the Government announced a £300m tax raid on short-term rentals, with Chancellor Jeremy Hunt unveiling the abolition of the Furnished Holiday Lettings regime (FHL) in the Budget. It is part of a wider bid to disincentivise out-of-towners purchasing second homes in holiday hotspots, a rising trend which has been blamed on pricing locals out of the property market. There are around 70,000 holiday homes in the UK, according to the latest Census data. In some areas of England and Wales, more than one in 10 addresses are holiday lets. David Hollingworth, of L&C Mortgages, a broker, said HMRC had been looking at the sector more closely ever since the pandemic when holiday lets soared in popularity. “During the lockdown, people wanted the option of getting out of urban areas,” he said. “It also seemed like a good investment because more staycations meant there was more competition which intensified the appeal to property investors who could therefore command a higher income.” In May 2023, the platform Airbnb was forced to share users’ income data with HMRC so the tax office could identify holiday let owners it suspected had not paid enough tax. John Hood, of accountancy firm Moore Kingston Smith, said HMRC had been clamping down on owners “taking advantage” of the generous tax breaks on holiday lets. Currently owners of short-term rentals are able to offset their mortgage interest payments from profits and claim capital gains tax relief on the sale of the property. Mr Hollingworth said many property investors switched to holiday lets following the loss of mortgage interest tax relief in the buy-to-let sector between 2017 and 2020. “The holiday let sector was left out of many of the changes that happened in buy-to-let – so for example, you had the ability to offset costs whereas in the standard market you could only get 20pc relief.” For a property to qualify as an furnished holiday let, it must be commercially let for at least 105 days each year. During the coronavirus lockdowns, HMRC relaxed this condition. Mr Hood said: “HMRC took the sympathetic view during Covid and lockdown that people understandably migrated to the countryside and the coast to take advantage of their holiday homes.” After the pandemic, HMRC likely feared that homeowners had become too comfortable and were either using their holiday let as their main residence or failing to let it out for 105 days, Mr Hood added. “In many cases, owners will not be deliberately seeking to avoid their tax obligations – but this naivety would not stop HMRC seeking to recover any tax lost.” The abolition of tax breaks on holiday threatens to leave investors nearly £3,000 worse off a year from April, according to calculations by wealth manager Quilter. Councils will soon be able to double council tax bills for owners of second homes that have been left empty for more than a year, under enhanced powers. These rules are already in place in Scotland. An HMRC spokesman said: “The short-term property rental market is growing fast and it’s our role to ensure owners pay the right tax, creating a level playing field for all. We have dedicated specific resource to opening enquiries where there is evidence that those renting out holiday lets have not declared income.”

Sssshhh, you'll have Libby invade the thread all hours of the day if you continue this line

That’s because they absolutely arse raped vocational education to enable a mass expansion of non-degrees so as to saddle young people with massive debt.

The fundamental issue is that there's massive overcapacity in the sector. They need a bunch of the worst run places to go bust, and the government to stand back and let them fail. That needs to keep happening until there's enough students to go around the remaining universities. That won't happen though. The government love to meddle, and the sector is full of entitled whiners who have their ear.

https://inews.co.uk/news/education/universities-financial-death-spiral-3055196 https://www.thetelegraphandargus.co.uk/news/24322287.university-huddersfield-plans-cut-nearly-200-jobs/ https://www.ucu.org.uk/article/13542/Strike-threat-at-University-of-Lincoln-as-over-220-staff-face-the-axe https://www.bbc.com/news/articles/cxe9r8ml5nvo.amp https://amp.theguardian.com/education/2024/mar/28/goldsmiths-academics-to-strike-over-incomprehensible-redundancies I think I saw a stat saying that 40% of the UKs universities are now or about to go in the red by end of this year.

Imagine though, having to spend all that downtime with HR bods. I would rather poke blunt sticks in my eyes.

Don't worry, i'm sure someone will keep selling us gas UK trade: goods and services publication tables - Office for National Statistics (ons.gov.uk)