Jonathan A. V. Young

Financial Planner. Think financial freedom.....Think BlueSky. Views my own. Tweets are not advice. #thinkbluesky #financialplanning #financialjourney #getadvice

[Jonathan A. V. Young @Jon_BlueSky]

Check out our new website:

https://t.co/RmBlakAtVw

[Dan Neidle @DanNeidle]

Douglas Barrowman and Michelle Mone's company, PPE Medpro, has just been ordered to refund the Government £122m from a PPE contract.

There are two very odd things about PPE Medpro that may affect the odds of the Government ever getting that £122m...

Thread:

[Paul Johnson @PJTheEconomist]

Agree with the article. Reform needs to be carefully thought out, not introduced to raise short term money and will take a long time. Legitimacy is crucial. But the economics profession is not misguided in calling for major reforms. Major reform is very much needed.

[David Hearne, CFP™ @dontdelay]

Shocking stat on Lifetime ISAs I've seen for the first time.

If more people are being penalised by the products terms (99,650) than are benefitting from its primary objective to buy a home (56,900)

Then it's an utter failure.

And tragically a likely transfer from from the poorer (who don't buy a house but lose the bonus and pay a penalty) to the wealthier (who keep the bonus and buy a house)

https://t.co/8MWfBPF9Hs

[Paul Johnson @PJTheEconomist]

In Scotland low earners will pay up to £28 p.a. less income tax than rest of UK. But £1,528 more if income is £50k and £5,207 more if income is £125k.

Scotland has starter, basic, intermediate, higher, advanced and top rates of income tax

https://t.co/QXPhTXQodo

[Jonathan A. V. Young @Jon_BlueSky]

@StuartMaggs And hope that some of that benefit trickles down?

[Jonathan A. V. Young @Jon_BlueSky]

Lifetime cashflow forecasting is a core part of financial planning that could help you understand how your future may look!

https://t.co/M67cAcZvTg

[Jonathan A. V. Young @Jon_BlueSky]

@philbray73 Ongoing Fixed Fee £850 pa min - £10,000 pa max

[Jonathan A. V. Young @Jon_BlueSky]

@LoftusSteve I think you've overstated the gaslighting bit.

Private investors rewilding or tree planting or lifestyle buyers looking for a slice of the country life are precisely the people who should be paying IHT and are avoiding IHT by doing so.

[Jonathan A. V. Young @Jon_BlueSky]

@MerrynSW Is there an argument to say that the money going in now is only repairing damage done with massive late covid output (with non of the early covid output being stored up).
The surge in productivity was obviously unsustainable and did damage that requires additional £.

[Channel 4 News @Channel4News]

What is the government’s policy on inheritance tax for farms and who will be affected?

@c4ciaran has the latest from @FactCheck.

[The Rest Is Money @therestismoney]

How many farmers will actually be affected by the changes to inheritance tax?

@DanNeidle does the math...

[Jonathan A. V. Young @Jon_BlueSky]

@SmartSacks @dontdelay They did 😅

[Jonathan A. V. Young @Jon_BlueSky]

@TheSecretAcct Lucky you're not a regulated financial adviser.

[Tom McPhail @PensionsMonkey]

So when the pension fund transfers to the surviving spouse it is still IHT free, however subsequent transfers to beneficiaries will be liable to IHT; will this lead to more widows/widowers buying annuities on first death...?

[Jonathan A. V. Young @Jon_BlueSky]

Yes - don't make a mess of pensions.

[Institute for Fiscal Studies @TheIFS]

"If there is one part of the tax system that needs some stability and certainty, and which should not be subject to constant change and speculation, it is surely the taxation of pensions."

📰 @PJTheEconomist in @thetimes, now free to read here: https://t.co/vKqQFScGJO

[Jonathan A. V. Young @Jon_BlueSky]

@PJTheEconomist Let's be honest - politically, they couldn't forecast it.

Between Cons & lies re effect of their own policy putting tax at long time high + the accusations of "same old Labour" there was little room.

Made some commitments & left some wiggle room - we'll see where budget sits.

[Paul Johnson @PJTheEconomist]

If you are about to graduate with an excellent undergraduate or master’s degree in economics, or are near the start of your career as an economist, and are passionate about public policy, there is no better opportunity. You’ll get the best training available in this country.

[Sam Macrory @sammacrory]

🎧🎙️ The Budget and the debt: What happens if Rachel Reeves borrows more money?

This is a brilliant Expert Factor episode on debt, borrowing, fiscal rules and the chancellor’s options

With @PJTheEconomist @anandMenon1 and @DrHannahWhite

https://t.co/uozLqtrUWu

[John Ralfe @JohnRalfe1]

https://t.co/GGrModg0K2 See my new @Telegraph piece on @JohnLewisRetail pensions

[Political Currency @polcurrency]

ICYMI: Ed Ball and George Osborne argue over whether austerity was necessary - and who got their approach to the economy right.