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Would you move to Dubai to get away from tax hikes?

by This is Money

This is Money Podcast

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This episode is titled:

Would you move to Dubai to get away from tax hikes?

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Notable Quotes

"The grass is always greener. There are always things to grumble about here."
"This is a ferry crossing. What why is this the hardest thing that she's had to deal with?"
"It's just this decline of customer service that we've seen."
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Episode Summary

This episode of the 'This is Money Podcast' features hosts Georgie Frost and Helen Crane, alongside Rachel Rickard-Strauss. They dive into the speculation surrounding tax hikes aimed at landlords, with discussions on whether it's time for some to consider relocation to Dubai, where taxes are non-existent. All three hosts express skepticism about the desirability of living in Dubai despite its financial perks, citing cultural differences and lifestyle choices as significant considerations.

The conversation shifts to premium bonds, which have become less attractive due to repeated rate cuts. With current holders facing the maturity of their NS&I British savings bonds, experts advise seeking alternative savings options that might yield better returns, especially as inflation remains a concern.

For students heading to university, the group shares strategies to take advantage of banking perks aimed at new customers, stressing the importance of understanding overdraft terms and budgeting wisely.

In the episode, a poignant situation unfolds when a listener recounts her struggles to secure a refund from Brittany Ferries following her husband's passing, as the company initially refused to accept an interim death certificate. The hosts express their frustration over the company’s impersonal response and discuss wider issues regarding customer service in the face of automated processes.

The episode is packed with practical advice while addressing current financial trends and concerns in a human context, balancing information and empathy.

Key Takeaways

  • Tax hikes on landlords are speculated, prompting discussions about relocating to Dubai for tax benefits.
  • Premium bonds are losing attractiveness due to lower interest rates; exploring better savings alternatives is advisable.
  • University students should leverage banking perks and manage their finances smartly while at university.
  • Customer service challenges arise with automated systems, leading to frustrating experiences for individuals dealing with sensitive situations.

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