Toby Hines

Typical nonsense shared on this app January isn’t tax on money you haven’t earned. It’s last year’s balance plus a payment on account based on prior profits Paid at end of Jan, you’re 10 months into the year and only paying 6 months’ worth You can also request a reduction

@Carl_The_Scorer @Tesco Most won’t do the math. It’s framed to be a better offer than it is and will catch many out who will just see the clubcard offer and make assumptions.

@TobyHines @Tesco What is wrong with it, just do the maths when your shopping! They are not cheating you? #38yearsinretail #justsaying #awaityourresponse

Why is one priced per kg and the other per 100g @Tesco The bright yellow clubcard price certainly makes it look like it's a great offer when it actually isn't

@ScotSlimmers Yep. I’ve asked their “price integrity manager” to explain that one

The usual price for a small box is 50% higher than the bigger box 😯 Did you spot it?

@Philipbutcher1 @Tesco I understand what each costs. The point is that it’s framing leads many consumers to buy the more expensive one, thinking they are getting a better deal.

@TobyHines @Tesco 2 different size packets. 1 is 410 grams the other i 750 grams so even though the smaller size one is on a club card non club card deal they are both priced accordingly.

@Tesco Easily happens with X 👍

@TobyHines Got it now sorry it got buried a bit in the thread. Craig Customer Care

@Tesco I have

@TobyHines HI Toby, Can you please get in touch by private message so we can investigate further and make sur this is passed on. Best regards, Craig Customer Care

@scottberwick @bob7bob @Tesco I can. Many can’t. That is why it’s done 💁‍♂️

@TobyHines @bob7bob @Tesco Just move the decimal point one place.

@Tesco Craig - this is interesting reading and is specifically about this type of framing gov.uk/government/pub…

@TobyHines Hi Toby, Thanks for getting in touch about the cereal. Can you please send a private message with the store and we can look into this further. Best regards, Craig Customer Care

@bob7bob @Tesco It really is like a maths exam.

@TobyHines @Tesco They do that with coffee as well. They price the 200gm jars one way and the pouches the other so you have to work out best value as the pouches weigh less. I don't go shopping to solve maths questions.

@AdviserPodcast @MavenAdviser @AlanJLSmith @CarlWidger @HatTipNick Today’s meat and potatoes was absolute gold. I have a white board that is in my eyesight during client video meetings that has suddenly got very busy!

For those that want to stare at us @mavenadviser @alanjlsmith @carlwidger @hattipnick, the most recent pile of TRAP (Episode 85) is also on our YouTube channel. You know what to do: Like and Subscribe! youtu.be/o8kb-YTCmlU

@AlanJLSmith I expect he will soon send you a bill for backdated pocket money when he realises that in real terms, he’s been getting a pocket money pay cut

My 11 year old is learning about inflation!

@AdviserPodcast @HatTipNick @CarlWidger @AlanJLSmith @MavenAdviser No one listens to a podcast like me.

EPISODE 68 IS OUT! The latest pile of TRAP has dropped! Besties @HatTipNick @CarlWidger @AlanJLSmith @MavenAdviser chew the FS-fat.. Question for the TRAP team? Click on the link in the pinned Tweet at the top of our timeline. buzzsprout.com/2056762/episod…

@MavenAdviser @AdviserPodcast @CarlWidger @AlanJLSmith @HatTipNick Thank you for taking a moment out of your day to comment 😀 I’m super excited and cannot wait to get started! 25 years ago I founded a regional newspaper, exiting in 2019, so this was probably an inevitable road once I felt I was fully confident I was ready

@TobyHines @AdviserPodcast @CarlWidger @AlanJLSmith @HatTipNick Best of luck with it all, Toby 🥳 very exciting, going self employed was by far the best thing I’ve ever done in my life (apart from the personal things 👦🏻👧🏻).

Lovely to read this from devoted TRAPist. Message posted with permission. @CarlWidger @MavenAdviser @AlanJLSmith @HatTipNick

@AlanJLSmith @AdviserPodcast @CarlWidger @MavenAdviser @HatTipNick Thank you Alan, me too 😀

@TobyHines @AdviserPodcast @CarlWidger @MavenAdviser @HatTipNick Congrats Toby - hope it all goes well.

@dr_besty @AlanJLSmith Sure, and if you don’t live long enough to enjoy a lengthy retirement?

@AlanJLSmith A pension is meant to be used for retirement, it's not supposed to be passed on, you get incredibly generous tax breaks on saving into a pension for this reason

There’s something wrong when the taxman receives 64% of your pension fund and your kids have to share the 36% remaining.

@Tim_C66 @AlanJLSmith I would not count on any increase to NRB or RNRB. The rest looks reasonable

@AlanJLSmith Hi, Do you think this is a fair rule of thumb to expect over the long term? thank you

This is a major issue for employers. If you run a business and the default option for your company pension scheme is a “lifestyle fund” you run the risk of having very unhappy employees. There’s also talk of a class action and compensation. Speak to your advisers about it.

@dontdelay * to add - or let your beneficiaries build their own financial security and give some to charity or people less fortunate rather than HMRC.

@dontdelay Spend it. Enjoy it. Live your best life. And if it’s really not needed, maybe gift some of it today and see the joy of brings to the lives of those you care about. .

Helen is right I advise on £millions in pension assets that clients do not draw income from, and were intending to leave tax efficiently to their beneficiaries But that is not what pensions are intended for, and even though today's budget will increase the taxation from pensions on death, the rate is much lower than it was before we had this brief period (2015-2027) of pensions being the estate planning tools they became. For those pensioners with big enough pensions, I hope they will choose to spend more on their holidays, their healthcare and their children, and all the benefits that come with that, instead of just leaving them to be inherited.