Things that make you go What the F**k?

[Milltown Row2]

The chair of Bord Bia involved in inporting Brazillian beef to Ireland. Class...

It's not his day job though. He runs a, well, food importation company.

Surely that's a conflict? How did he get the Board Bia job in the first place?

The CEO of a major food company that imports food being on the board of Board Bia wasn't a thing until the farmers decided Mercosur was this weeks panic. They are a blunt lobby group, and this is peak IFA.

The thing got passed so they are targeting potential competition. Import Brazilian beef? We will hound you.

I didn't know about it, doubt many did but it doesn't sit right with me. I'd prefer we didn't import any Brazilian beef.

But Brazilian Samba girls are alright?

[Baile Brigín 2]

The chair of Bord Bia involved in inporting Brazillian beef to Ireland. Class...

It's not his day job though. He runs a, well, food importation company.

Surely that's a conflict? How did he get the Board Bia job in the first place?

The CEO of a major food company that imports food being on the board of Board Bia wasn't a thing until the farmers decided Mercosur was this weeks panic. They are a blunt lobby group, and this is peak IFA.

The thing got passed so they are targeting potential competition. Import Brazilian beef? We will hound you.

I didn't know about it, doubt many did but it doesn't sit right with me. I'd prefer we didn't import any Brazilian beef.

You didn't know Dawn imported food?

Consumers want it. We aren't in a position with Trump to turn down access to a market of 300m.

Instead of looking to sell to South America, Irish farmers immediate reaction is to block. 

[Baile Brigín 2]

My son just told me as he has got an inflation pay rise to bring him over £100k he now loses help with childcare etc- so his £2700 payrise is actually costing him £5000. Where is the incentive for people to better themselves

He needs to bump his pension up to bring himself back under £100k.

[Armagh18]

The chair of Bord Bia involved in inporting Brazillian beef to Ireland. Class...

It's not his day job though. He runs a, well, food importation company.

Surely that's a conflict? How did he get the Board Bia job in the first place?

The CEO of a major food company that imports food being on the board of Board Bia wasn't a thing until the farmers decided Mercosur was this weeks panic. They are a blunt lobby group, and this is peak IFA.

The thing got passed so they are targeting potential competition. Import Brazilian beef? We will hound you.

I didn't know about it, doubt many did but it doesn't sit right with me. I'd prefer we didn't import any Brazilian beef.

But Brazilian Samba girls are alright?

Of course

[Would ye whist]

Cheers I think that is his plan, however I think its just mad that people work hard and get put into a corner, the £100k is not handed to him, puts in long hours, lots of trips away and leads a modest lifestyle.

I believe in a 'welfair state' as opposed to 'welfare'

My son just told me as he has got an inflation pay rise to bring him over £100k he now loses help with childcare etc- so his £2700 payrise is actually costing him £5000. Where is the incentive for people to better themselves

He needs to bump his pension up to bring himself back under £100k.

[5times5times]

My son just told me as he has got an inflation pay rise to bring him over £100k he now loses help with childcare etc- so his £2700 payrise is actually costing him £5000. Where is the incentive for people to better themselves

He needs to bump his pension up to bring himself back under £100k.

Can this be done via salary sacrifice, when employed as a PAYE employee? Or is it for self-employed only?

My nephew is on a day-rate at the mo, essentially self-employed on ~£550 per day, but setting £200 per day to his pension via S.S...

If he moves to a company as a PAYE employee, say for £115k per year, what are his options to reduce what he gives to the taxman?

[tbrick18]

My son just told me as he has got an inflation pay rise to bring him over £100k he now loses help with childcare etc- so his £2700 payrise is actually costing him £5000. Where is the incentive for people to better themselves

He needs to bump his pension up to bring himself back under £100k.

Can this be done via salary sacrifice, when employed as a PAYE employee? Or is it for self-employed only?

My nephew is on a day-rate at the mo, essentially self-employed on ~£550 per day, but setting £200 per day to his pension via S.S...

If he moves to a company as a PAYE employee, say for £115k per year, what are his options to reduce what he gives to the taxman?

There are few thresholds for losing stuff - any parent earns above 50K, you start to lose child benefit. Not really publicised widely either, so plenty of people get caught out as after a period of time you get a bill from HMRC to pay back the child benefit you received since salary breached the threshold. Could be years later if you're not aware of the threshold and in PAYE.
100K threshold means you lose your tax free 12.5K as well, essentially putting you into a 60% tax bracket on anything over 100K.

I've come to realise that being an employee (not that I'm impacted by all these thresholds) makes it impossible to continuously improve your financial footing. If you are on a salary of 95K, for example, if you were to move jobs for a pay increase you'd prob need 30K to make it worth while after the tax increases. Not many jobs offer that type of hike - or maybe I'm wrong?
Are there many 100K+ jobs out there today? And if so, what industry?

[tonto1888]

bought a mars bar yesterday. Just one. Normal size. £1.60 WTF

[Armagh18]

My son just told me as he has got an inflation pay rise to bring him over £100k he now loses help with childcare etc- so his £2700 payrise is actually costing him £5000. Where is the incentive for people to better themselves

He needs to bump his pension up to bring himself back under £100k.

Can this be done via salary sacrifice, when employed as a PAYE employee? Or is it for self-employed only?

My nephew is on a day-rate at the mo, essentially self-employed on ~£550 per day, but setting £200 per day to his pension via S.S...

If he moves to a company as a PAYE employee, say for £115k per year, what are his options to reduce what he gives to the taxman?

Yeah.

[AustinPowers]

bought a mars bar yesterday. Just one. Normal size. £1.60 WTF

The price of "Chocolate"  bars have gotten ridiculous

Even the pound shop  multi packs  ain't  the value they once  were

[Milltown Row2]

My son just told me as he has got an inflation pay rise to bring him over £100k he now loses help with childcare etc- so his £2700 payrise is actually costing him £5000. Where is the incentive for people to better themselves

He needs to bump his pension up to bring himself back under £100k.

Can this be done via salary sacrifice, when employed as a PAYE employee? Or is it for self-employed only?

My nephew is on a day-rate at the mo, essentially self-employed on ~£550 per day, but setting £200 per day to his pension via S.S...

If he moves to a company as a PAYE employee, say for £115k per year, what are his options to reduce what he gives to the taxman?

There are few thresholds for losing stuff - any parent earns above 50K, you start to lose child benefit. Not really publicised widely either, so plenty of people get caught out as after a period of time you get a bill from HMRC to pay back the child benefit you received since salary breached the threshold. Could be years later if you're not aware of the threshold and in PAYE.
100K threshold means you lose your tax free 12.5K as well, essentially putting you into a 60% tax bracket on anything over 100K.

I've come to realise that being an employee (not that I'm impacted by all these thresholds) makes it impossible to continuously improve your financial footing. If you are on a salary of 95K, for example, if you were to move jobs for a pay increase you'd prob need 30K to make it worth while after the tax increases. Not many jobs offer that type of hike - or maybe I'm wrong?
Are there many 100K+ jobs out there today? And if so, what industry?

Sales, MD's, pilots, Doctors private sector/NHS, barristers, top solicitors, taxi drivers if they do enough hours lol I'd say there are a lot more  like in the cyber tech side of IT

[Tony Baloney]

My son just told me as he has got an inflation pay rise to bring him over £100k he now loses help with childcare etc- so his £2700 payrise is actually costing him £5000. Where is the incentive for people to better themselves

He needs to bump his pension up to bring himself back under £100k.

Can this be done via salary sacrifice, when employed as a PAYE employee? Or is it for self-employed only?

My nephew is on a day-rate at the mo, essentially self-employed on ~£550 per day, but setting £200 per day to his pension via S.S...

If he moves to a company as a PAYE employee, say for £115k per year, what are his options to reduce what he gives to the taxman?

He's in the 60% tax trap above 100k as his personal allowance disappears. Needs to make some of that disappear into pension via salary sacrifice to keep under the 100k threshold.

[imtommygunn]

15k a year in a pension isn't that much especially in the context of 115k. Just do that.

Labour, if you're in north, seem to be clamping down on that kind of thing mind you. I haven't looked at the full ins and outs but I hammer the pension and I think there's something they are at which will impact that.

[tbrick18]

My son just told me as he has got an inflation pay rise to bring him over £100k he now loses help with childcare etc- so his £2700 payrise is actually costing him £5000. Where is the incentive for people to better themselves

He needs to bump his pension up to bring himself back under £100k.

Can this be done via salary sacrifice, when employed as a PAYE employee? Or is it for self-employed only?

My nephew is on a day-rate at the mo, essentially self-employed on ~£550 per day, but setting £200 per day to his pension via S.S...

If he moves to a company as a PAYE employee, say for £115k per year, what are his options to reduce what he gives to the taxman?

He's in the 60% tax trap above 100k as his personal allowance disappears. Needs to make some of that disappear into pension via salary sacrifice to keep under the 100k threshold.

Was there not a change brought in around pensions to stop people actually doing this?

[imtommygunn]

Salary Sacrifice Cap: From April 2029, employee contributions via salary sacrifice will pay NI on amounts over £2,000 annually.