Spyke

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If the UK government proposed to increase tax by 1% and make trains free would you be in favour?

Assume every tax rate except for the “personal allowance” was increased by 1% to fund free train travel.

Would you be in favour of this?

I've not done the math for this (though did look up some stats for a Scotland specific post, and it seems to be feasible: https://discuss.tchncs.de/post/44818305). So for the UK it may require a lower or higher increase (and to be fair my Scotland "calculations" were very rough and likely entirely wrong). This is more just a question about whether people would be in favour of something like this in general.

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66

If the Scottish government proposed to increase tax by 1% and make trains free would you be in favour?

cross-posted from: https://discuss.tchncs.de/post/44818223

Assume every tax rate except for the "personal allowance" was increased by 1% to fund free train travel. That would mean someone at the median annual income of £38k would pay about £254 extra tax per year ((38000 - 12570) * 0.01)

Would you be in favour of this?

Some numbers for context:

The government raised £17.1 billion in 2024.

The ScotRail revenue for 2024 was £351m (page 17).

So to offset the cost of tickets, the government would have to raise £351m which divided by the 2.46 million people in work would be an average cost of £140 extra per person collected per year, so I believe 1% may be able to pay for it comfortably, and even improve the service, to compensate for the extra demand on free travel.

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12

If the Scottish government proposed to increase tax by 1% and make trains free would you be in favour?

Assume every tax rate except for the "personal allowance" was increased by 1% to fund free train travel. That would mean someone at the median annual income of £38k would pay about £254 extra tax per year ((38000 - 12570) * 0.01)

Would you be in favour of this?

Some numbers for context:

The government raised £17.1 billion in 2024.

The ScotRail revenue for 2024 was £351m (page 17).

So to offset the cost of tickets, the government would have to raise £351m which divided by the 2.46 million people in work would be an average cost of £140 extra per person collected per year, so I believe 1% may be able to pay for it comfortably, and even improve the service, to compensate for the extra demand on free travel.

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24

I'm not convinced Lichess ratings are as inflated as people say compared to chess.com

I have a Chess.com account where my rating is 1500 in all modes.

I've switched to Lichess a few months ago, and been mostly playing Bullet 2 + 1. Based on what I've read, I would expect my rating to be around 1800, but despite (I believe) playing at a similar level, my rating is hovering around 1550.

It could just be me, maybe I was lucky on Chess.com to get that rating, but it seems everyone says your rating on Lichess should be around 200-300 more than on Chess.com, is that your experience as well? Has it maybe changed a bit?

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fire·FIRE (Financial Independence Retire Early)byPonderingPotato

[UK] Is it possible to get a pension backed loan to bridge to retirement?

Lets assume I have a lot in my pension, but not a lot a more accessible wrapper. Is it possible to get a loan from somewhere for a few hundred thousand that you start paying off when you are able to access your pension, which is also backed by the pension?

I found a couple resources such as https://generationmoney.co.uk/pension-loan-borrowing-against-a-pension-in-the-uk/ which suggest it "counts as an unauthorised payment and attracts significant charges."

However, I also came across other resources such as https://www.moneysavingadvice.co.uk/guide/should-you-secure-a-loan-on-your-pension/ which seems to say it's possible.

So is this a thing? Is it a good strategy, or are there high fees or other downsides that make it not worth it?

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