toonsy:
Decent that if it’s being put in across the board and not at selected DCs. Probably be paid on 27th May so that’s a pay date the treasury will love as that’s also performance bonus payment day…
The tax man will be rubbing his hands… what a ■■■■■
Just done a trunk to Didcot and it’s up on their notice board
Pre-Xmas when DHL took over the Doncaster and goole depots I was curious about the wages dhl where offering so I enquired, but after hearing the rates I walked away, anyhow yesterday they messaged me with the following:
Hi Peirre, previously you had applied for a permanent role at Tesco Goole or Doncaster, we now have further shifts available including 4 on 4 off, 4 on 3 off and 5 on 2 off - all shifts do include weekend working.
We are still offering the new driver incentive as well as, Class 2 to Class 1 Upskill training. If you are interested in a role with us, please reply to this message.
Thanks, DHL Resourcing Team
I’m still not interested in the job, but someone else might be desperate enough to apply
The date it’s paid won’t make any difference to the total tax take. Even if it pushes some pay-packets over the 40% tax rate threshold for the month, PAYE will give it back in subsequent pay periods.
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toonsy:
Decent that if it’s being put in across the board and not at selected DCs. Probably be paid on 27th May so that’s a pay date the treasury will love as that’s also performance bonus payment day…
That’s the exact payment date!!!
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Roymondo:
The date it’s paid won’t make any difference to the total tax take. Even if it pushes some pay-packets over the 40% tax rate threshold for the month, PAYE will give it back in subsequent pay periods.Sent from my VOG-L09 using Tapatalk
Yeah for sure. I’m unaware of anyone who has suggested it’s a lasting thing? It’s a perception thing whereby overall you’re paying no more tax but you lose a lot in one pay packet then its dripped back over the course of months which gives a feeling of losing out (even though it will square off eventually)
It was the comments about the Treasury loving it and the taxman rubbing his hands gave the impression that some thought the date would make a difference to total tax paid.
As an aside, when our lot gave us a lump sum “retention bonus” they gave us the option of having it paid directly into our pension pots.
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Roymondo:
It was the comments about the Treasury loving it and the taxman rubbing his hands gave the impression that some thought the date would make a difference to total tax paid.As an aside, when our lot gave us a lump sum “retention bonus” they gave us the option of having it paid directly into our pension pots.
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A wiser option going that route.
Started a SIPP pension in 2009 with a £17k lump sum payment.
Put in another £10k in 2011 and been paying in £125/month topped up by £30/month by Gov same year.
Currently sitting@ £110k in pot so rather chuffed to say the least!!!
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Big Truck:
Roymondo:
It was the comments about the Treasury loving it and the taxman rubbing his hands gave the impression that some thought the date would make a difference to total tax paid.As an aside, when our lot gave us a lump sum “retention bonus” they gave us the option of having it paid directly into our pension pots.
Sent from my VOG-L09 using Tapatalk
A wiser option going that route.
Started a SIPP pension in 2009 with a £17k lump sum payment.
Put in another £10k in 2011 and been paying in £125/month topped up by £30/month by Gov same year.
Currently sitting@ £110k in pot so rather chuffed to say the least!!!Sent from my SM-A125F using Tapatalk
I was at the crown can factory at Carlisle a year /2 ago & the flt said some of there fitters have retired with a million pound pension pots , the couple up the road have sold there house in London & pocketed nearly 1 million from buying a £250,000 house on my street , my sister/ bil cashed his pension & bought 5 houses in Yate ( nr Bristol ) , the profit they’ll make on selling those houses make the returns on his pension laughable , my mrs is in the old nhs pension & her pension make mine look a joke
I’m not knocking £110,000 but what’s that worth as a pension , if you cash it , it’s only going to push the government pension upto £500 pw for 10 yrs , you’d want that for the bills / running the car these days , I mean a golf r is 40 kthese days for a new one
Well done for saving anyway , more than most do
dozy:
Big Truck:
Roymondo:
It was the comments about the Treasury loving it and the taxman rubbing his hands gave the impression that some thought the date would make a difference to total tax paid.As an aside, when our lot gave us a lump sum “retention bonus” they gave us the option of having it paid directly into our pension pots.
Sent from my VOG-L09 using Tapatalk
A wiser option going that route.
Started a SIPP pension in 2009 with a £17k lump sum payment.
Put in another £10k in 2011 and been paying in £125/month topped up by £30/month by Gov same year.
Currently sitting@ £110k in pot so rather chuffed to say the least!!!Sent from my SM-A125F using Tapatalk
I was at the crown can factory at Carlisle a year /2 ago & the flt said some of there fitters have retired with a million pound pension pots , the couple up the road have sold there house in London & pocketed nearly 1 million from buying a £250,000 house on my street , my sister/ bil cashed his pension & bought 5 houses in Yate ( nr Bristol ) , the profit they’ll make on selling those houses make the returns on his pension laughable , my mrs is in the old nhs pension & her pension make mine look a joke
I’m not knocking £110,000 but what’s that worth as a pension , if you cash it , it’s only going to push the government pension upto £500 pw for 10 yrs , you’d want that for the bills / running the car these days , I mean a golf r is 40 kthese days for a new one
Well done for saving anyway , more than most do
You’ve got CGT on a selling a house that isn’t your main home.
There are people sitting on PEP/ISA pots worth over £million and don’t have to pay a single brown penny in CGT and can get their money inside 5days.
Diff scenario selling a house!!!
(I have another nice public sector pension so happy enough come 60yrs when I’m hopefully going take it easier!!!)
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Cut to overnight restocking at Tesco.
Big Truck:
dozy:
Big Truck:
Roymondo:
It was the comments about the Treasury loving it and the taxman rubbing his hands gave the impression that some thought the date would make a difference to total tax paid.As an aside, when our lot gave us a lump sum “retention bonus” they gave us the option of having it paid directly into our pension pots.
Sent from my VOG-L09 using Tapatalk
A wiser option going that route.
Started a SIPP pension in 2009 with a £17k lump sum payment.
Put in another £10k in 2011 and been paying in £125/month topped up by £30/month by Gov same year.
Currently sitting@ £110k in pot so rather chuffed to say the least!!!Sent from my SM-A125F using Tapatalk
I was at the crown can factory at Carlisle a year /2 ago & the flt said some of there fitters have retired with a million pound pension pots , the couple up the road have sold there house in London & pocketed nearly 1 million from buying a £250,000 house on my street , my sister/ bil cashed his pension & bought 5 houses in Yate ( nr Bristol ) , the profit they’ll make on selling those houses make the returns on his pension laughable , my mrs is in the old nhs pension & her pension make mine look a joke
I’m not knocking £110,000 but what’s that worth as a pension , if you cash it , it’s only going to push the government pension upto £500 pw for 10 yrs , you’d want that for the bills / running the car these days , I mean a golf r is 40 kthese days for a new one
Well done for saving anyway , more than most doYou’ve got CGT on a selling a house that isn’t your main home.
There are people sitting on PEP/ISA pots worth over £million and don’t have to pay a single brown penny in CGT and can get their money inside 5days.
Diff scenario selling a house!!!
(I have another nice public sector pension so happy enough come 60yrs when I’m hopefully going take it easier!!!)Sent from my SM-A125F using Tapatalk
You don’t have to sell a house to get the money out of it. Just keep remortgaging it to get the increased equity out of it ( the increase in the mortgage is tax-free cash) and keep it rented out for the cash rolling in.
stu675:
You don’t have to sell a house to get the money out of it. Just keep remortgaging it to get the increased equity out of it ( the increase in the mortgage is tax-free cash) and keep it rented out for the cash rolling in.
Is that workable as you move into your 70s, 80s and beyond, possibly with dementia impairing your mental faculties? Are lenders happy (or even allowed? ) to lend in that situation?
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Roymondo:
stu675:
You don’t have to sell a house to get the money out of it. Just keep remortgaging it to get the increased equity out of it ( the increase in the mortgage is tax-free cash) and keep it rented out for the cash rolling in.Is that workable as you move into your 70s, 80s and beyond, possibly with dementia impairing your mental faculties? Are lenders happy (or even allowed? ) to lend in that situation?
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Yes you can get BTL finance in your 70’s or you could have the property owned by a company, company gets a mortgage when you are any age.
If you can’t manage it because of dementia, then you probably have no money worries.
stu675:
Roymondo:
stu675:
You don’t have to sell a house to get the money out of it. Just keep remortgaging it to get the increased equity out of it ( the increase in the mortgage is tax-free cash) and keep it rented out for the cash rolling in.Is that workable as you move into your 70s, 80s and beyond, possibly with dementia impairing your mental faculties? Are lenders happy (or even allowed? ) to lend in that situation?
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Yes you can get BTL finance in your 70’s or you could have the property owned by a company, company gets a mortgage when you are any age.
If you can’t manage it because of dementia, then you probably have no money worries.
As a Lender basing their security on an asset, I’d be most concerned at the risk of interest rates rising anytime soon…
It is a vote of confidence from the very banking sector that lends then - that THEY are telling us by their own actions, that in their opionion, and vested interests Interest Rates are not going up much more than they already have.
A clue to this would be the lack of “mortgage payment increasing” letters hitting doormats these past 2 months since the last Bank of England base rate rise……
If you buy options in the short sterling futures markets, you’ll see that the implied odds of rates going over 2% by the end of this year - is around about 20/1 against…
That also means it is really cheap to “hedge” against a sharp rate hike - but only for the few months ahead that the futures market has contracts for. 1-2 years is easier to cover than 3-5 years, and 10+ years is very difficult to hedge for… Yet we’re still expected to take a 25 year view on house prices when taking the former “Affordability Tests” that until recently - dictated if you got a loan or not… Hmm… We might be heading for a golden age of inflation without high interest rates, job vacancies without pay stagflation, inefficient firms actually allowed to go bust, rather than run up huge debts that then get bailed out by future taxpayers… Not exactly what I’d call “Levelling Up” - but still better than another Credit Crunch or outright deflationary Slump which still stands there as a danger, should “unrecevorable debts” suddenly blow up in banker’s faces… 
Nice to see they couldn’t sort the paid breaks in time. Granted it will get paid eventually but we’ll get it finally a year after we should have had the pay deal in place anyway 
Plus I’ve still had no definitive answer to my question of what the paid break actually means…
Do I go onto overtime rate immediately after 8.5hrs
Do I do my 8.5hrs, then an extra PAID 45 mins at relevant rate before going onto overtime.
stu675:
You don’t have to sell a house to get the money out of it. Just keep remortgaging it to get the increased equity out of it ( the increase in the mortgage is tax-free cash) and keep it rented out for the cash rolling in.
Equity release isn’t the same thing as a BTL mortgage.
While BTL gives tenants leverage.Because they know that the mortgage is dependent on the ongoing tenancy and the lender can foreclose the mortgage if the repayments aren’t met.Which could mean having the place sold off cheap and the resulting loss of any equity in it for the landlord
While pensions are another can of worms which at best are no different to gambling on the stock market meaning that the pot can end up less than you’ve put in.Or at worse a rigged annuity scam that’s all in favour of the providers based on bent life expectancy figures and skimming off of the growth rate of the pot.In addition to income taken being taxable.While money invested in a pension is at the expense of less to spend clearing a mortgage and therefore more interest to pay on it.
Maximising a mortgage and then taking equity release at the end of it is as good a plan as any.The more money paid into the mortgage means less interest to pay over the term and/or a better house to equity release at the end.
toonsy:
Plus I’ve still had no definitive answer to my question of what the paid break actually means…Do I go onto overtime rate immediately after 8.5hrs
Do I do my 8.5hrs, then an extra PAID 45 mins at relevant rate before going onto overtime.
Getting answers on the paid breaks is like trying to get blood from a stone. I feeel like USDAW have sold us down the river on this.
Dimlaith:
toonsy:
Plus I’ve still had no definitive answer to my question of what the paid break actually means…Do I go onto overtime rate immediately after 8.5hrs
Do I do my 8.5hrs, then an extra PAID 45 mins at relevant rate before going onto overtime.
Getting answers on the paid breaks is like trying to get blood from a stone. I feeel like USDAW have sold us down the river on this.
I’m not so sure on that, it’s a fairly big win if its as it seems, but getting definitive answers is hard.
Don’t know about your depot but in mine the reps seem to have limited interest in the TTD1 contract terms and they’re all on older legacy contracts.