Hmmm interesting, thanks.
I suppose when I started out I just had an idea. I didn’t imagine it would end up requiring tax-enhancement ‘or wha’ever’.
Also these days don’t you have the issue of the ‘foreign vehicle’ paying high SDLT to purchase your own property from yourself? Oh gawd, it’s all a bit onerous... This is why I’m just about done with property. Sell it CGT-free after 5+ years ex the UK, and stick it in Unilever earning 3% Smile (The future is in laundry detergent!! hehe). As with your scheme, you put the investment portfolio offshore (easy), and it becomes a non-reportable ‘tax-free’ investment.
Yep, me+missus right now. So in a way I’m thinking of extricating myself from a very long-term investment scheme (landlording), swamped in red-tape and taxation, and flip it into something more nimble/mobile and tax efficient. The only downside I see is the lack of leverage (like 85% LTV mortgages), but there comes a point when you desire to reduce your risk position...
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If you calculate their basic it's about £200 (pre-tax) per working day.
So a £350 bonus, makes that about '2.75*time'. Which if you consider that means it requires them to work on a bank holiday, and not drink more than a pint or two on Xmas day itself is perhaps not overgenerous.
I take your implied point that the train-drivers/TGWU/RMT can be a very militant bunch, who have something of a record of cynically hijacking the populace by taking action at the most inconvenient days/weeks of the year. But in this case I think it might be more about encouraging drivers to roster for Boxing Day, than risking a walk-out at perhaps one weeks notice.
p.s. Oh, and I used to have a pub-friend who was a tube driver. It is a dirty, dangerous and monotonous job. I expect they get paid a 'good salary' as not a lot of people want to do it. If I spent most of the daylight hours driving a train underground in dirty and stressful conditions, I expect I'd demand decent pay and some compensating annual leave above-ground too

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Well, this results from monopoly-providers, often via unionisation. Just have a look at what happened to Detroit (and of course British-Leyland etc).
Is £46k disproportionate? I'm not sure, if you think about the responsibility and stress, and just 'environmental nastiness' that goes with the job.
From what I see most union members aren't activists. IME most don't really care. But if the head of the union promises them they can get another £350 to work on a day, then yes, I can see why the tide is towards supporting it. [What I believe, I suppose, is most union members are often simply pawns].
Is £46k disproportionate? I'm not sure, if you think about the responsibility and stress, and just 'environmental nastiness' that goes with the job.
From what I see most union members aren't activists. IME most don't really care. But if the head of the union promises them they can get another £350 to work on a day, then yes, I can see why the tide is towards supporting it. [What I believe, I suppose, is most union members are often simply pawns].
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