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Born Bankrupt

Discussion in 'General Chit Chat' started by Januarius, Jun 6, 2013.

  1. Howerd
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    Howerd Well-Known Member Trusted Member Lifetime Member

    Yes it was a real glass bottle and I drank it straight away - a bit difficult walking with a plastic bag full of liquid whilst using crutches.
  2. Januarius
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    Januarius Member

    I know!!What a shame.
    Too old fashioned a concept these days I guess?
    I often wonder why the green parties in the UK never seem to bother to bring up the pro`s of these old fashioned common sense measures?
    Last edited: Jun 15, 2013
  3. Januarius
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    Januarius Member


    Not at all..
    If the crate was 2 bottles short then she would either have to replace the missing bottles or pay up!!
    Its a good simple system that works every time.
  4. Januarius
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    Januarius Member


    Thanks for the information Micawber!!
  5. Micawber
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    Micawber Renowned Lifetime Member

    I remember a kids we would scour the roadsides an hedgerows in search of those discarded bottles and get the botte deposit back from ny shop selling that brand.
    Can't remember how much we got per bottle, but ome weekends we could land a princely sum. :vhappy:
  6. Micawber
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    Micawber Renowned Lifetime Member

    Do bear in mind Januarius, that does not currently apply in the self-governing British Crown Dependency located in the Irish Sea called Isle of Man.

    I've only provided the Tax Law covering the United Kingdom :rolleyes:
  7. Anon220806
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    Anon220806 Well-Known Member

    Too right Sir! The Isle of Man is British but not part of the UK and has its own tax law and has a low tax economy. However, in the case of this chap that I speak of, his pension was accumulated in the UK (like mine) and he has since moved to the IOM in the same way that someone might elect to move to the Philippines under similar circumstances.

    That said, if someone that has accumulated a personal pension in the UK then moves to the Philippines and then sets up an annuity, if they merely asked for their pension provider to pay their pension UK tax free into their account without informing the HMRC directly then what? Would all hell break loose?
    Last edited: Jun 15, 2013
  8. Howerd
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    Howerd Well-Known Member Trusted Member Lifetime Member

    At least if you have accumulated a UK pension and retire to the IOM then your UK pension will get an annual uprating. Retire to the Philippines and there is no annual uprating and your state pension remains fixed for the rest of your life.

    I am guessing that there is also no double taxation arrangement between the UK and Philippines (correct me if I am wrong)

    With no double taxation arrangement, the general rule is that you will always have to pay UK tax on UK pension income and may have to pay tax again in your country of residence.

    So there is the potential of a double whammy - no annual uprating and being taxed on the same income twice!

    I have never seriously thought about retiring to the Philippines so I don't know what the taxation position on UK pensions is in the Philippines. No doubt, someone here will know.
  9. Howerd
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    Howerd Well-Known Member Trusted Member Lifetime Member

    Just checked, it seems there is a double taxation agreement between UK and Philippines on UK pensions. That means you would not have to pay UK tax on a UK pension if resident in the Philippines.

    It also seems that the Philippine government does not charge tax on UK pensions either! You are still left without any annual uprating though if you live in the Philippines.
  10. oss
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    oss Somewhere Staff Member

    Not correct Howerd the Phils is one of the countries where you do get any statutory increases, in many other countries you don't but in the Phils you do.

    http://www.dwp.gov.uk/international...e-pension-arrangements-in-social/#philippines

    For example on that page Canada and New Zealand are fixed rate retirement for UK pensioners, not quite what one would expect eh? ;) :)
    Last edited: Jun 16, 2013
  11. Howerd
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    Howerd Well-Known Member Trusted Member Lifetime Member

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