Greedy OAP's crash NSI site with excess demand

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Why are they greedy?

If someone said to you, 'Here you go, have £400 tax free', youre telling us you would say, 'No thanks, it would be greedy of me to take it'...

Yeah...righto
 
Nikon_Nick said:
Why are they greedy?

If someone said to you, 'Here you go, have £400 tax free', youre telling us you would say, 'No thanks, it would be greedy of me to take it'...

Yeah...righto
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So all these banks, companies that set up HQ outside the UK to pay less tax, aren't greedy?

Its £400 FFS. People can wait, its this mad rush to grub around for sweet FA. Its very petty.
 
ST4 said:
So all these banks, companies that set up HQ outside the UK to pay less tax, aren't greedy?

Its £400 FFS. People can wait, its this mad rush to grub around for sweet FA. Its very petty.
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The point about banks and companies that set up HQ outside of the UK, is just that. They are companies. Companies are in business to make money, and if they can make more of it legally by having an HQ outside of the UK, so what? Good luck to them. Its the same thing as Formula One drivers living in Monaco for the benefits their tax system brings.

£400 may be sweet FA to you Steve, but im guessing that for a lot of Pensioners (and non pensioners), it is entirely worth it. Greedy? No.
 
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neil_g said:
£400 for a pensioner can be a large lump of money.
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They'll probably have it in interest bearing accounts as it is, so the net gain may only be a little over half that, over a year its peanuts and amazing that so many people in a short place of time would place such an excess demand on a company that it crashes their site.

Whatever happened to patience...
 
Nikon_Nick said:
The point about banks and companies that set up HQ outside of the UK, is just that. They are companies. Companies are in business to make money, and if they can make more of it legally by having an HQ outside of the UK, so what? Good luck to them. Its the same thing as Formula One drivers living in Monaco for the benefits their tax system brings.

£400 may be sweet FA to you Steve, but im guess tht for a lot of Pensioners (and non pensioners), it is entirely worth it. Greedy? No.
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I've heard many rants on here about greedy companies, tax avoidance all through legal means brandished as greed. Companies are made up of people. I thought I'd have a go at this myself...
 
wow. NSI (government not company Steve) offer the best deal on the market. Website can't cope with demand and somehow thats people grubbing around?
 
ST4 said:
I've heard many rants on here about greedy companies, tax avoidance all through legal means brandished as greed. Companies are made up of people. I thought I'd have a go at this myself...
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So....others have had a go about 'greedy' companies, and you thought youd have a pop as well...ok.

Still not sure how you managed to go from Greedy Pensioners to greedy corporations after just one reply to your original outrage though :thinking:
 
"outrage" aside.

it doesn't take that much of a peak in traffic to unintentionally DDoS a site. it depends what level of traffic NSI systems were set up to handle, if they only normally deal with a trickle of traffic then a sudden peak will cause bother. look at apple (when releasing iOS updates), game developers when releasing new games that need internet logons etc etc, they still have outages from peaks in traffic and they're set up to handle large volumes.
 
£400 is nearly 2 weeks wages or about 6 months worth of fuel in the car for me, so yeh I'd say it was worth getting in on.
 
People whine and whine over legal loopholes for persons/companies to reduce their tax liability. It's funny when OAPs do the same.

In reality if they were on 1.5% gross than that goes to 1.2% net, so the gain on 4% is actually £280. All this hassle, waiting and agro for £280...£280 extra - thats grubbing around IMHO.

Madness.
 
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Seeing as my wife's on materity leave and has been on SMP since July (around £600 per month) I'd be very keen to take £400 from anyone offering it to me right now! :lol:

"It's only £400" is relative ;)
 
Russ77 said:
Seeing as my wife's on materity leave and has been on SMP since July (around £600 per month) I'd be very keen to take £400 from anyone offering it to me right now! :LOL:

"It's only £400" is relative ;)
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OAPs only...innit.

Its not £400pm but per annum, and assuming that gain on £10k, your £10k capital would be earning nothing at all to see a full £400 per annum gain. Its peanuts on a monthly basis. Under £40pm, under £10pw...
 
ST4 said:
OAPs only...innit.

Its not £400pm but per annum,
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I know, £400 in any form right now would be most appreciated, especially given that my car is overdue a service and the wife's car needs an MOT in the next month.
 
neil_g said:
this is nothing like a loophole.

the only thing outrageous in this thread is the OP lack of compassion towards pensioners.
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Neither is setting up in Luxembourg as it offers lower corporation tax, setting up residency in the Channel Islands as personal taxation is less, but people (usually indignant labour voting gaurdian types) moan about that ad naseum.
 
ST4 said:
People whine and whine over legal loopholes for persons/companies to reduce their tax liability. It's funny when OAPs do the same.

In reality if they were on 1.5% gross than that goes to 1.2% net, so the gain on 4% is actually £280. All this hassle, waiting and agro for £280...£280 extra - thats grubbing around IMHO.

Madness.
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It's a 3 year bond, so multiply your £280 by three, and that's assuming they're actually getting 1.5% at the moment.
I take it you're running out of things to moan about?:p
 
ST4 said:
Neither is setting up in Luxembourg as it offers lower corporation tax, setting up residency in the Channel Islands as personal taxation is less, but people (usually indignant labour voting gaurdian types) moan about that ad naseum.
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which is often the loophole people refer to.

either way, like i said earlier a multi million/billion £ corporation is NOT equal to a pensioner wanting £400.
 
Bobsyeruncle said:
It's a 3 year bond, so multiply your £280 by three, and that's assuming they're actually getting 1.5% at the moment.
I take it you're running out of things to moan about?:p
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1.5% is easy to get. My current acct gives me 3% etc. Most bonds in 3yr terms above 2%.

NSI stated demand would be high and that they'd be available for more than the day, so why the rush. Time is a luxury of retirement.
 
neil_g said:
which is often the loophole people refer to.

either way, like i said earlier a multi million/billion £ corporation is NOT equal to a pensioner wanting £400.
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tax efficiency is tax efficiency, I see no difference...

neil_g said:
so are they greedy or impatient? :thinking:
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Both.

And I never said greed was bad....
 
Still failing to see how you could possibly have a problem with this.

How does this actually affect YOU in any way, shape or form?
 
It is taxed at source. If you do not pay tax because your income is too low then you can reclaim it.
It is 4% per year and is compounded yearly, so nearly £1700 over 4 years for the 4 year bond.
When it was first announced there was a lot of talk that it would sell out fast as only £10 billion had been allocated.
As a pensioner I am not bothering as I got my £10 Xmas bonus from the nice government and that is enough for me.

Seriously though, which pensioners can afford to put £10 000 away for 4 years? Which pensioners can give up a monthly income from their savings and change to a yearly income? Only those who have enough money already, I admit that I am one of them but I would rather the money went to those who really need it.
 
ST4 said:
People whine and whine over legal loopholes for persons/companies to reduce their tax liability. It's funny when OAPs do the same.

In reality if they were on 1.5% gross than that goes to 1.2% net, so the gain on 4% is actually £280. All this hassle, waiting and agro for £280...£280 extra - thats grubbing around IMHO.

Madness.
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You do realise this is a savings bond run by the government, it's actually helping the UK as it means that the government effectively gets a dirt cheap loan of real cash not some digital cash as it were...it also allows pensioners to make an secure investment, we are not going to be talking about the mega rich pensioners here either, as trust me they will be investing in more tradition investments where there's no caps however there will also be higher risks too
 
Suvv said:
It is taxed at source. If you do not pay tax because your income is too low then you can reclaim it.
It is 4% per year and is compounded yearly, so nearly £1700 over 4 years for the 4 year bond.
When it was first announced there was a lot of talk that it would sell out fast as only £10 billion had been allocated.
As a pensioner I am not bothering as I got my £10 Xmas bonus from the nice government and that is enough for me.

Seriously though, which pensioners can afford to put £10 000 away for 4 years? Which pensioners can give up a monthly income from their savings and change to a yearly income? Only those who have enough money already, I admit that I am one of them but I would rather the money went to those who really need it.
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It's only a 3 year bond.:)
 
You must admit yourself Steve, for someone who is relatively young, you have a very Victor Meldrew outlook on things.:D
 
ST4 said:
Technically very little effects me, even the shootings in Paris, doesn't stop me having a view on it all.
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So what actually is your view on it? Its all got a bit confused...

Being greedy is bad, now its good?
Unscroupulous companies/corporations avoiding tax makes them greedy...but now thats a good thing?
Is it because a pensioner once fed some pigeons near you, and you now have something against all pensioners?

Nothing wrong with having a view on things Steve, but you might want to make clear exactly what your view is...it might help.
 
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