caveman
Member
- Location
- East Sussex.
Probably because the bosses have found there's more profit in using free lancers instead of having parasites attached to them.
How much money do you actually need to survive on?
- Thread starter Sid
- Start date
Probably because the bosses have found there's more profit in using free lancers instead of having parasites attached to them.
- Location
- South Molton
So you get no free pay before you pay tax?
How strange.
How much % NI do you pay after tax of course
fiatf130
Member
- Location
- Co. Antrim, N. Ireland
- Location
- South Molton
Do you get payed while your not working, like when your on holiday or sick?
- Location
- South Molton
So you only get 3% holiday and sick pay for the year.
fiatf130
Member
- Location
- Co. Antrim, N. Ireland
Yes get holiday and sick pay. Self employed can take insurance out for sick pay etc. Going to stop arguing with you cos you and your mate are in the minority in thinking that paye people are better off with tax etc than the self employed.
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- Location
- Bay of Plenty NZ
ollandroverman
Member
- Location
- nr Kendal (The Lake District)
Is this sick-pay insurance free?
- Location
- South Molton
Capital suspended will stay the same, 3 months interest spread over the remaining term . Won't be that big a hike.
fiatf130
Member
- Location
- Co. Antrim, N. Ireland
Where did I say it was? I've taken out insurance to protect against job loss in the past. Was this insurance free? No it was paid for out of my income after tax!
ollandroverman
Member
- Location
- nr Kendal (The Lake District)
ollandroverman
Member
- Location
- nr Kendal (The Lake District)
I know it's not free. It's just counter to your assertion that self employed are much better off
Hindsight
Member
- Location
- Lincolnshire
Clothing makers in Asia give stark coronavirus warning
Millions of jobs in Asia’s vital garment industry are at risk due to the coronavirus pandemic.
www.bbc.co.uk
The effect on the world economy becoming more apparent.
caveman
Member
- Location
- East Sussex.
Not to mention PPI for the self employed.
capfits
Member
Well that is a month since Lockdown and the first application will have been received by government in relation to Furlough scheme and be payed onto employees.
80% was the figure and yeah to a lot of us it was a fairly generous figure.
As this situation is in reality currently unemployed or underemployed employed individuals by a different name and well loads are going to be made redundant in due course,is it time that this scheme was modified so that the %age paid dropped by 5% per month to allow people to modify their behaviour and ready them for the rate of Universal benefit that they will ultimately end up on?
Thoughts.
80% was the figure and yeah to a lot of us it was a fairly generous figure.
As this situation is in reality currently unemployed or underemployed employed individuals by a different name and well loads are going to be made redundant in due course,is it time that this scheme was modified so that the %age paid dropped by 5% per month to allow people to modify their behaviour and ready them for the rate of Universal benefit that they will ultimately end up on?
Thoughts.
Steevo
Member
- Location
- Gloucestershire
This is part of the "how will it end?" that the government haven't quite shared with us yet - whether they have it worked out who knows, they have a lot on their plate at the moment.
I totally agree though - it seems there's nothing stopping companies from making employees redundant as soon as the lockdown/furlough stops. It could end up that 5mil people are made redundant on that first day if not careful - the same £5mil that would have been made redundant on 23rd March. The only difference being the government have taken on a big debt to pay them for the intervening period.
The big unknown is what the economy will start to function like when the recovery begins.
- Location
- 200 miles N,NW of New York
Tell you what it is 80% may seem a lot, but how would the forum members feel if they were stop stopped working and stopped farming for the lock down and we're paid 80% of their taxable profits for the rest of lock down,
Bet some would have a different view on it then,
Bet some would have a different view on it then,
Steevo
Member
- Location
- Gloucestershire
80% taxable profits......without any of the work and able to spend their time as they wished? I think many would take it and enjoy it.
Trouble is unless the government fed the cows, and tended to the crops etc. as required, that 80% wouldn't even go halfway to counteract the losses that would be incurred over the next however many years.