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https://twitter.com/LBC/status/1642106623836540928 This needs to be reposted too: https://twitter.com/_Alex991/status/1641828391341924352 fuctifino fucked around with this message at 11:19 on Apr 1, 2023 |
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Apr 1, 2023 11:13
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Jeremy Vine is the drizzling shits
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Apr 1, 2023 11:28
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I got him confused with Jeremy Kyle. Stupid question. I'm earning enough to be decently paying off my student loan now, it should be paid off in about 7 years (i know, guillotine) I also have a mortgage with 18 years on it that is fixed for 4 more years (double guillotine) I'm assuming any extra overpayment I should sink into my mortgage as much as possible and ignore the student loan since its pre-tax. Whereas other debts are after tax. I'm also trying to work out how to not be utterly hosed if I'm ever able to retire. (triple guillotine) It's looking like since I'm basically starting now aged 40 i need to salary sacrifice an absurd amount (22%?) to be ok by 68. Does that seem right? We had a fun financial planning thing at work where they spent the first half telling us how likely we were to die before retiring, then said oh hey but if you survive, how about a pension! Then they caused a riot by explaining how lovely life insurance was regarding existing conditions. Fun week.. Mebh fucked around with this message at 11:58 on Apr 1, 2023 |
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Apr 1, 2023 11:49
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https://twitter.com/BazakeMedia/status/1642060770681798656 I love Bazake
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Apr 1, 2023 11:49
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Tompkins particularly
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Apr 1, 2023 12:05
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smellmycheese posted:Tompkins particularly Indeed https://twitter.com/BazakeMedia/status/1641718234893230080 There are so many satire accounts that are part of Bazake that I can't keep up with them, and they all bounce off of each other so well 
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Apr 1, 2023 12:15
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Mebh posted:I'm assuming any extra overpayment I should sink into my mortgage as much as possible and ignore the student loan since its pre-tax. Whereas other debts are after tax. Usually no. Assuming you're fixed at a pretty low interest rate, you're better off clearing after-tax debts and then plowing extra cash into maximising tax-free pension contributions first, which is tax-advantaged and has a higher ROI. (At least this is how it would work in Ireland) . There's going to be people on moneysavingexpert or somewhere with flowcharts going through your best options, but that would be the general approach. Of course, some people just psychologically want to be mortgage-free so they prioritise that, but the numbers usually don't add up - as they say "a mortgage is the cheapest money you'll ever get ". But also, who knows what rate you'll be able to re-fix at in 4 years 
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Apr 1, 2023 12:17
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Failed Imagineer posted:Usually no. Assuming you're fixed at a pretty low interest rate, you're better off clearing after-tax debts and then plowing extra cash into maximising tax-free pension contributions first, which is tax-advantaged and has a higher ROI. (At least this is how it would work in Ireland) . There's going to be people on moneysavingexpert or somewhere with flowcharts going through your best options, but that would be the general approach. Basically this - doing overpayments on a mortgage is very rarely worth it, especially if you would otherwise put the money in a pension, or even in an ISA invested in ETFs over the long period. Depending on how low the fixed rate is you might even be better off putting the money in a savings account - NatWest is doing a 6% account that you can pay up to £150 a month into for example.
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Apr 1, 2023 12:23
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Failed Imagineer posted:Usually no. Assuming you're fixed at a pretty low interest rate, you're better off clearing after-tax debts and then plowing extra cash into maximising tax-free pension contributions first, which is tax-advantaged and has a higher ROI. (At least this is how it would work in Ireland) . There's going to be people on moneysavingexpert or somewhere with flowcharts going through your best options, but that would be the general approach. The UK Personal Finance has a great flowchart that helped me make sense of all this, yeah https://forums.somethingawful.com/showthread.php?threadid=3887120&pagenumber=1&perpage=40
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Apr 1, 2023 12:29
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Mebh posted:I'm assuming any extra overpayment I should sink into my mortgage as much as possible and ignore the student loan since its pre-tax. Whereas other debts are after tax. fixed rate mortgage overpayments are capped at 10% of the balance per year. With a variable you can pay off more, if you're in a position where you're likely to have lump sums available on a regular basis
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Apr 1, 2023 12:29
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Mebh posted:I got him confused with Jeremy Kyle. Depends what you mean by 'be ok by 68' - have a good think about that! Some of the figures I see bandied about are unbelievable - considering I'm fast approaching 63 now and have nowhere near these amounts. Also bear in mind that any money you pay into a pension scheme now you will not be able to access until you're 57 as it stands at the moment (it's 55 at the moment but going up to 57 in 2028) so have a think about what 'life circumstances' may occur that require you to get your mitts on the money earlier (kids - 'college funds' or weddings for example, known health conditions that may deteriorate etc - though I think some pension funds will allow you to withdraw funds earlier if you have a terminal illness) - before deciding how much you should pay into a pension plan. I see someone already directed you to the UK Personal Finance thread: in case you missed it, it's here: https://forums.somethingawful.com/showthread.php?threadid=3887120
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Apr 1, 2023 12:41
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Here it is! Keith’s incredibly weak sauce and pathetic claim of the day! https://twitter.com/keir_starmer/status/1642120485826592769?s=46&t=m_nNbkNoHG4lLitcpyHReg
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Apr 1, 2023 13:53
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Thanks for the advice. Had no idea there was a thread! Time to do some reading.
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Apr 1, 2023 13:53
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Jaeluni Asjil posted:Those who live by the sword.... It's quite hilarious that poor dear Keir's handlers have decided he needs a reminder of who's in charge. I wonder if Starmer did anything for this to happen - maybe he started acting like they have an equal partnership, or perhaps he started making demands or asking for favours he thinks he's due... after all, he's done everything he's told, he's kept laying the boots into the lefties, and he's even made it clear to Jewish party members that they should only be part of the right organisations. I expect we'll see a full apology within a week, and a properly-worded one as well, none of the usual "Sorry you're offended because you suck" political apologies, but him apologising for his own (in)action.
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Apr 1, 2023 14:10
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fuckingusername posted:Unfortunately our bathroom is without exaggeration slightly smaller than some first class aeroplane cubicles (or so I have been told). The tooth brushes are stored in a cupboard over the lav. 10 years ago my phone fell out of my pocket into the toilet. Pretty much destroyed it. The lessons I've kept to this very day every time I use the bathroom are 1) wait until I'm sitting down before taking my phone out of my pocket 2) Never wear anything with shallow pockets 3) ALWAYS CLOSE THE TOILET LID WHEN NOT IN USE I suspect the third lesson will be useful to you unless you poo poo in a hole in the ground or something.
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Apr 1, 2023 14:16
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Jaeluni Asjil posted:Depends what you mean by 'be ok by 68' - have a good think about that! Some of the figures I see bandied about are unbelievable - considering I'm fast approaching 63 now and have nowhere near these amounts. A lot of the 'you need X hundred thousand in your pot to retire' some pension calculators estimate do assume a very generous retirement income (quite often more than the average working salary) and that you'll be a couple driving a fat SUV each, going on a world cruise every 6 months and putting your grandkids through uni. Which is a) obviously targeted at the well to-do classes and b) coincidentally persuades people to invest lots of money in the private pension operators behind the calculators. I hedged my bets and overpaid the mortgage, made pension contributions and stuck some in ISAs. You never know what the future holds personally or globally, paying off my mortgage maybe didn't give the best financial return (although given the state of the markets and house prices maybe it did) but the peace of mind is priceless.
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Apr 1, 2023 14:16
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Kin posted:I suspect the third lesson will be useful to you unless you poo poo in a hole in the ground or something. Also make sure your vent pipe is a person and a half high at least and has a fly screen.  This post brought to you by the innovative private solutions for post-Brexit sewerage team.
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Apr 1, 2023 14:25
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Guavanaut posted:Also make sure your vent pipe is a person and a half high at least and has a fly screen. It'd suck for the downstairs neighbours though
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Apr 1, 2023 14:39
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I'm sure my team of disruptive innovators will be able to combine it with the pothole filling problem.
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Apr 1, 2023 14:45
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smellmycheese posted:Here it is! Keith’s incredibly weak sauce and pathetic claim of the day! 
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Apr 1, 2023 15:56
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Lemurtron posted:A lot of the 'you need X hundred thousand in your pot to retire' some pension calculators estimate do assume a very generous retirement income (quite often more than the average working salary) and that you'll be a couple driving a fat SUV each, going on a world cruise every 6 months and putting your grandkids through uni. Which is a) obviously targeted at the well to-do classes and b) coincidentally persuades people to invest lots of money in the private pension operators behind the calculators. Yes. I am mortgage free, only because I live in the tiniest flat available in my area (and the cheapest by at least £20k when I bought it - the only other similar price was a mobile unit on a riverside park that got washed away in the floods 3 months after I bought this and would have had double the monthly charges). I was not able to get a mortgage due to age and lack of earned income so I had to scrape every bit of savings possible together and cash in most of my SIPP to buy it plus do a substantial money transfer from credit card. I don't have to worry about mortgage rates, though our flat service charges are going to have to go up - we need a new flat roof est £25k, electricity costs have more than doubled and that's on a 2 year fixed rate contract through til summer 2024 plus everything else going up, internal decs not been done for 14 years and it's looking really shabby meaning it's getting harder for people to sell their flats. You might be thinking :sobsobsowhat: at this point, but as these are retirement flats, the majority of sales relate to people who have died or who have moved into care homes (charging £1k per week!) and their families trying to sell them but having to keep paying service charges in the mean time - one has been on sale for over 3 years now and the deceased owner's daughter is in despair over having to fork out a relatively modest £130 per month s/charge but with no sign of a sale in sight. I'm putting any spare in SIPP (you can get govt tax rebate 25% on contributions even if you do not earn enough to pay tax). I found a couple of cash funds I can include so while they only earn the usual savings % (bout 3.5-4% now) they aren't volatile and I've got the govt's dosh on top. Before I realized this, they were just cash sitting there doing nothing). Anything over and above that is going in an ISA with an islamic bank paying a profit rate about 3.5-4%.
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Apr 1, 2023 16:18
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Speaking of potholes, been out on rural roads for a family event and my god are the roads of this country a loving disaster outside of the metropoles. Like driving on hexagonal wheels.
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Apr 1, 2023 16:24
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Guavanaut posted:If you poo poo in a hole in the ground it's especially important to close the lid when not in use. There's no flush and no water trap, and you really don't want the air currents to reverse. I love that it's a VIP toilet
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Apr 1, 2023 16:30
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Back in the day you had to be very important to have a seat while making GBS threads. Proles had to squat.
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Apr 1, 2023 16:35
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keith hates potholes and the causes of potholes; pot
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Apr 1, 2023 16:35
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Tijuana Bibliophile posted:I love that it's a VIP toilet Very Important Poo
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Apr 1, 2023 16:38
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Oh god. We’re at the stage of the election cycle where focus groups start pulling these stupid loving stereotypes out of their arses 
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Apr 1, 2023 16:42
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smellmycheese posted:Oh god. We’re at the stage of the election cycle where focus groups start pulling these stupid loving stereotypes out of their arses Quiet batpeople.
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Apr 1, 2023 16:49
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Why do they always make them sound like archaeological mysteries. Workington Man. Stevenage Woman. Quiet Batpeople.
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Apr 1, 2023 16:54
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smellmycheese posted:Oh god. We’re at the stage of the election cycle where focus groups start pulling these stupid loving stereotypes out of their arses The kind of charisma that clears entire shopping centres
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Apr 1, 2023 16:57
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I think possibly because they're loving dickheads with no personalities who have long since lost sight of whatever got them into that stupid career in the first place. Maybe.
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Apr 1, 2023 16:57
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kingturnip posted:The kind of charisma that clears entire shopping centres Nobody has ever been that excited to be next to poundland.
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Apr 1, 2023 16:59
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OwlFancier posted:Nobody has ever been that excited to be next to poundland. My wife would like a word. I am so grateful she gets excited about going to Asda for holiday decorations and not John Lewis.
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Apr 1, 2023 17:01
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poundland? maybe, the one at the greyhound estate has a resident cat b&m? hell yeah
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Apr 1, 2023 17:10
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home bargains for the weird sweets
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Apr 1, 2023 17:11
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smellmycheese posted:Oh god. We’re at the stage of the election cycle where focus groups start pulling these stupid loving stereotypes out of their arses https://twitter.com/CeilNoyle/status/1642188691740278785
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Apr 1, 2023 17:14
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OwlFancier posted:Nobody has ever been that excited to be next to poundland. Ashens?
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Apr 1, 2023 17:18
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OwlFancier posted:Nobody has ever been that excited to be next to poundland. Their knockoff toblerones are good 
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Apr 1, 2023 17:22
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Apr 1, 2023 17:29
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fuckingusername posted:Why do they always make them sound like archaeological mysteries. Workington Man. Stevenage Woman. Quiet Batpeople.
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Apr 1, 2023 17:59
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