One million cancel broadband as living costs rise (UK)

Re:One million cancel broadband as living costs rise (UK) by c7THEC2DDFVV2V on Thursday May 18, 2023 @02:52PM (#35992430)

thats incorrect. you lose your tax free allowance, which is a furtger 12,500 tax paid. Plus you need to consider graduate tax and the interest on those 'loans' which currently sits at 4.5%

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Re:One million cancel broadband as living costs rise (UK) by dukeyukey on Thursday May 18, 2023 @03:05PM (#35992606)

But you're still only paying the lower rates on income until you hit £125000, and at that income those student loans aren't gonna exist for long.

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Re:One million cancel broadband as living costs rise (UK) by c7THEC2DDFVV2V on Friday May 19, 2023 @06:56AM (#36000087)

they will exist for a while because you need to get to that level in your career. People rarely leave uni and get 100k+ jobs. If you leave uni and find a job paying at 50k and you get increases of 2.5% each year, it will take over 20 years to repay.

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Re:One million cancel broadband as living costs rise (UK) by blitzar on Friday May 19, 2023 @02:35AM (#35998521)

Its an even higher tax rate if you buy 50,000 of drugs with your money and call it a heroin tax.

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Re:One million cancel broadband as living costs rise (UK) by c7THEC2DDFVV2V on Friday May 19, 2023 @06:52AM (#36000060)

what on earth?

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