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Thread: Lifestyle choice

  1. #31
    Premium Member Snowfire's Avatar
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    Re: Lifestyle choice

    Yes pensioners pay tax in the UK and "dole" money, as with any benefit, is seen as income and will be liable for tax if the annual amount brings you into the appropriate tax bracket.
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  2. #32
    Senior Member Bryn Mawr's Avatar
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    Re: Lifestyle choice

    Quote Originally Posted by spot View Post
    I seem to remember for UK tax, if the taxpayer's non-resident but lives in a qualifying country, there is an arrangement to avoid having to pay tax twice on the same income. And I think the taxpayer can choose to pay the lower of the two. Whether that's restricted to UK-sourced income or to UK citizens I'm not sure, I've never been an expatriate earner or a remittance man. It's what happens to residents of the Channel Islands and the Isle of Man and possibly why they're called Tax Havens.
    I don't think you can choose - certainly with Greece the reciprocal agreement is that you pay tax to the country you spend the most time in.

  3. #33
    Senior Member Bryn Mawr's Avatar
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    Re: Lifestyle choice

    Quote Originally Posted by magentaflame View Post
    Sorry, didnt explain tha very well. I meant does anyone pay tax back to the government whilst on the dole?
    If you're on the dole you should not be in a position to pay tax but, if for example, you have investments and the income from those investments takes you over the tax threshold then yes, you would pay tax.

  4. #34
    Senior Member Bruv's Avatar
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    Re: Lifestyle choice

    Tax is based on annual earnings, any benefits or dole are used as 'income', added to any future income in that tax year.
    So if you are on the dole for a whole year, not taxable, but if you are on the dole for 6 months then get a decent job, the dole is added on to previous dole benefits.
    I thought I knew more than this until I opened my mouth

  5. #35
    Senior Member magentaflame's Avatar
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    Re: Lifestyle choice

    Thats interesting....im under the threshold and pay tax by choice. If nothing else its a good savings loop....if i dnt work in that financial year i get it all back at tax time.

  6. #36
    Senior Member Bryn Mawr's Avatar
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    Re: Lifestyle choice

    Quote Originally Posted by magentaflame View Post
    Thats interesting....im under the threshold and pay tax by choice. If nothing else its a good savings loop....if i dnt work in that financial year i get it all back at tax time.
    Hmmm - lending the government money at zero interest?

    There must be better ways of saving than that

  7. #37
    Senior Member Bruv's Avatar
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    Re: Lifestyle choice

    Quote Originally Posted by magentaflame View Post
    Thats interesting....im under the threshold and pay tax by choice. If nothing else its a good savings loop....if i dnt work in that financial year i get it all back at tax time.
    How can you pay by choice ?
    I thought I knew more than this until I opened my mouth

  8. #38
    Supporting Member spot's Avatar
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    Re: Lifestyle choice

    Perhaps there's a tick box on the paying agency's paperwork asking whether you want tax deducting at source. I've seen something like that.
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  9. #39
    Supporting Member spot's Avatar
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    Re: Lifestyle choice

    I have a coincidence. Since starting this thread I bought a thermometer. It's arrived, manufactured by "Brannan". Brannan Thermometers & Instrumentation is located in Cleator Moor.
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    Who has a spare two minutes to play in this month's FG Trivia game!

    The watch of your vision has become reasonable today.

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    From the upper tier of the Leppings Lane End of the Hillsborough Stadium, I watched the events of that day unfold with horror.
    When the flowers want to oxygen and nutrition, or you’re a wedding or party planner, I will help you too much.
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  10. #40
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    Re: Lifestyle choice

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    lol spot that is an interesting coincidence.

    here in the land of government greediness Canada, you go on the dole you are still taxed.
    Any bloody kind of money given to you is a bloody taxable income.

    Currently we pay over 30% taxes on our income here.

    We are patiently (tongue in cheek) awaiting a brand shiney new "carbon tax"
    how does it work that we are in dire economic shambles and the idiots on Parliament hill think we have more money for more taxes.
    ok rant over
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