| All this Budget Speculation 23:28 - Oct 18 with 6933 views | JACKMANANDBOY |
The plan seems to be to raise taxes like IHT and Capital Gains and maybe on Non-Doms etc. whilst changing the rules to borrow more.
There a realistic risk here, if the tax income does not increase as planned, the very rich can work their way around these increases, and if growth is slow then the cost of borrowing increases as bond rates will go up as confidence is lost in the money markets and we will have a slow burn Liz Truss effect.
With all that is happening in the World having some gold makes a lot of sense right now. |  |
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| All this Budget Speculation on 21:20 - Nov 1 with 615 views | raynor94 |
| All this Budget Speculation on 21:09 - Nov 1 by Scotia |
And often done by immigrants.
Controversial shout, but how about stopping all benefits for those who can work but aren't? |
Controversial yes, but something needs to be done, there are far to many who have never worked a day in their life, and live comfortably on benefits. |  |
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| All this Budget Speculation on 21:39 - Nov 1 with 596 views | onehunglow |
| All this Budget Speculation on 21:20 - Nov 1 by raynor94 |
Controversial yes, but something needs to be done, there are far to many who have never worked a day in their life, and live comfortably on benefits. |
Those leeches are never affected by any budget |  |
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| All this Budget Speculation on 08:53 - Nov 2 with 511 views | controversial_jack |
| All this Budget Speculation on 16:57 - Nov 1 by raynor94 |
Dear Mr Troll, I don't want or expect anything for nothing, everything I have got I have worked for which has given me comfortable lifestyle, I can even afford to eat out.
I was merely pointing out that a lot of pensioners have to live on their old age pension alone, and the rises are a pittance
I hope you being a landlord are declaring all your incomes |
You do realise that the £1.50 tax you payed per week in 1975 is worth nothing today. NI isn't like a current account, there's not pot of money that you and others paid into over the years. That money has gone, it was used as soon as it was collected. It was used among other things to pay the pensions of those who had retired, just as those in work today are paying for your pension. This is why even those on pensions have to continue to fund the pensions schemes. You don't pay NI either. The higher the taxes working ppl pay is better for your pension
A 4.2% rise is not bad at all, it's above inflation. Do you want those at work and yourself to pay more in tax to be able to give pensioners a bigger pension rise.
Yes, i do declare all my earnings. I claim tax back on maintenance and insurance etc, but it's all above board | | | |
| All this Budget Speculation on 09:23 - Nov 2 with 500 views | raynor94 |
| All this Budget Speculation on 08:53 - Nov 2 by controversial_jack |
You do realise that the £1.50 tax you payed per week in 1975 is worth nothing today. NI isn't like a current account, there's not pot of money that you and others paid into over the years. That money has gone, it was used as soon as it was collected. It was used among other things to pay the pensions of those who had retired, just as those in work today are paying for your pension. This is why even those on pensions have to continue to fund the pensions schemes. You don't pay NI either. The higher the taxes working ppl pay is better for your pension
A 4.2% rise is not bad at all, it's above inflation. Do you want those at work and yourself to pay more in tax to be able to give pensioners a bigger pension rise.
Yes, i do declare all my earnings. I claim tax back on maintenance and insurance etc, but it's all above board |
Please correct me if I'm wrong, aren't you retired? It's not the end of the world for me but £28 a month to a pensioner whose only income is their old age pension, it's not a lot.
Some have lost their WFA, it annoys me when some are saying it's time to get rid of the triple lock | |
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| All this Budget Speculation on 09:52 - Nov 2 with 492 views | onehunglow |
| All this Budget Speculation on 09:23 - Nov 2 by raynor94 |
Please correct me if I'm wrong, aren't you retired? It's not the end of the world for me but £28 a month to a pensioner whose only income is their old age pension, it's not a lot.
Some have lost their WFA, it annoys me when some are saying it's time to get rid of the triple lock |
Seems it’s probable we will see Care Homes and doctors surgeries closing
Nice eh.
Meanwhile ,we sip our cheaper drought beer .
I’ve said before,this govt could be catastrophic and the 14 yrs of Toryxxxxxx will soon wear thin.
Farmers looking to blockade Westminster apparently .
Imagine what would happen in France | |
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| All this Budget Speculation on 11:03 - Nov 2 with 481 views | controversial_jack |
| All this Budget Speculation on 09:23 - Nov 2 by raynor94 |
Please correct me if I'm wrong, aren't you retired? It's not the end of the world for me but £28 a month to a pensioner whose only income is their old age pension, it's not a lot.
Some have lost their WFA, it annoys me when some are saying it's time to get rid of the triple lock |
Are you prepared to pay more tax to fund the pension scheme? | | | |
| All this Budget Speculation on 11:08 - Nov 2 with 477 views | raynor94 |
| All this Budget Speculation on 11:03 - Nov 2 by controversial_jack |
Are you prepared to pay more tax to fund the pension scheme? |
I paid enough over the years, I'll be paying tax till the day I die and afterwards, not like a lot of others, who expect something for nothing | |
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| All this Budget Speculation on 12:08 - Nov 2 with 462 views | controversial_jack |
| All this Budget Speculation on 11:08 - Nov 2 by raynor94 |
I paid enough over the years, I'll be paying tax till the day I die and afterwards, not like a lot of others, who expect something for nothing |
As I stated , your contributions have gone, they paid for the pensions of those who retired before you. You are relying on those in work to pay your pension. In effect you are getting it for nothing just like any other benefit. | | | |
| All this Budget Speculation on 12:13 - Nov 2 with 459 views | JACKMANANDBOY |
| All this Budget Speculation on 12:08 - Nov 2 by controversial_jack |
As I stated , your contributions have gone, they paid for the pensions of those who retired before you. You are relying on those in work to pay your pension. In effect you are getting it for nothing just like any other benefit. |
If Raynor is paying tax into retirement then he'll be paying his own pension as it is a pay as you go scheme.
The most ludicrous taxation will be when people who are reliant on the OAP get taxed on their OAP. They will be paying tax on their OAP to fund their OAP which is taxed to fund their OAP. | |
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| All this Budget Speculation on 16:53 - Nov 2 with 437 views | controversial_jack |
| All this Budget Speculation on 12:13 - Nov 2 by JACKMANANDBOY |
If Raynor is paying tax into retirement then he'll be paying his own pension as it is a pay as you go scheme.
The most ludicrous taxation will be when people who are reliant on the OAP get taxed on their OAP. They will be paying tax on their OAP to fund their OAP which is taxed to fund their OAP. |
He won't be paying NI, so in theory he's not contributing to his own pension. He's paying income tax. Others are paying for his pension. | | | |
| All this Budget Speculation on 17:25 - Nov 2 with 418 views | JACKMANANDBOY |
| All this Budget Speculation on 16:53 - Nov 2 by controversial_jack |
He won't be paying NI, so in theory he's not contributing to his own pension. He's paying income tax. Others are paying for his pension. |
NI is a tax, I'm not sure of the logic of Governments paying out tax to OAPs and then recovering some of that tax when they have no other income! | |
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| All this Budget Speculation on 17:28 - Nov 2 with 417 views | onehunglow |
| All this Budget Speculation on 17:25 - Nov 2 by JACKMANANDBOY |
NI is a tax, I'm not sure of the logic of Governments paying out tax to OAPs and then recovering some of that tax when they have no other income! |
When charity shops ,GPS surgeries start closing then the penny will drop
Meanwhile ,we can enjoy cheap ale
Tory hatred blinds | |
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| All this Budget Speculation on 17:52 - Nov 2 with 411 views | felixstowe_jack |
| All this Budget Speculation on 16:53 - Nov 2 by controversial_jack |
He won't be paying NI, so in theory he's not contributing to his own pension. He's paying income tax. Others are paying for his pension. |
If he is paying income then he is paying towards his own pension.
It is many years since NI went towards, pensions, the NHS and other benefits. It now goes into exactly the same general taxation post as all the other taxes.
NI take per year £168 billion
Money spent on NHS £181 billion
Money spent on pensions £125 billions
Money spent on all other benefits £133 billions
NI only raises 38% of the money spent on the NHS and benefits. | |
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| All this Budget Speculation on 18:17 - Nov 2 with 404 views | Scotia |
| All this Budget Speculation on 09:23 - Nov 2 by raynor94 |
Please correct me if I'm wrong, aren't you retired? It's not the end of the world for me but £28 a month to a pensioner whose only income is their old age pension, it's not a lot.
Some have lost their WFA, it annoys me when some are saying it's time to get rid of the triple lock |
They'd almost certainly get pension credit too.
We can't afford the triple lock. What's the point in a pensioner getting a big % raise if they die sooner because they can't get an ambulance to take them to hospital, they wait outside for ages when they get there, and then have massively overworked staff looking after them?
We all have to pay for this situation, I don't like it but that's what we're dealing with at the moment. | | | |
| All this Budget Speculation on 18:35 - Nov 2 with 398 views | onehunglow |
| All this Budget Speculation on 18:17 - Nov 2 by Scotia |
They'd almost certainly get pension credit too.
We can't afford the triple lock. What's the point in a pensioner getting a big % raise if they die sooner because they can't get an ambulance to take them to hospital, they wait outside for ages when they get there, and then have massively overworked staff looking after them?
We all have to pay for this situation, I don't like it but that's what we're dealing with at the moment. |
What’s the point in pensioners ?
They’ve had their lives and many of them have worked all their miserable lives and saved for retirement.
The buggers,
We need young bloods ,doped,drink,procreating criminals of the future and taking advantage of A @E at weekends .
Yeah baby | |
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| All this Budget Speculation on 21:04 - Nov 2 with 376 views | AnotherJohn |
| All this Budget Speculation on 17:52 - Nov 2 by felixstowe_jack |
If he is paying income then he is paying towards his own pension.
It is many years since NI went towards, pensions, the NHS and other benefits. It now goes into exactly the same general taxation post as all the other taxes.
NI take per year £168 billion
Money spent on NHS £181 billion
Money spent on pensions £125 billions
Money spent on all other benefits £133 billions
NI only raises 38% of the money spent on the NHS and benefits. |
The general principle has been the same since 1948. The war-time Beveridge blueprint for a welfare state envisaged a social insurance model, meaning that money would be accumulated from employment-related contributions in an insurance fund on German lines. However, Nye Bevan opted for tax funding, albeit with part of that labelled national insurance. The key point is that NI funds are collected and spent year by year as collected alongside other tax receipts (i.e. on a pay as you go basis) . Bevan famously said: "The great secret of the Fund is that there is no Fund." [Post edited 2 Nov 21:08]
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| All this Budget Speculation on 23:19 - Nov 2 with 354 views | controversial_jack |
| All this Budget Speculation on 17:52 - Nov 2 by felixstowe_jack |
If he is paying income then he is paying towards his own pension.
It is many years since NI went towards, pensions, the NHS and other benefits. It now goes into exactly the same general taxation post as all the other taxes.
NI take per year £168 billion
Money spent on NHS £181 billion
Money spent on pensions £125 billions
Money spent on all other benefits £133 billions
NI only raises 38% of the money spent on the NHS and benefits. |
Correct, but pensions have to be paid for somehow. Don't forget govt borrowing either. Taxation doesn't raise enough by itself | | | |
| All this Budget Speculation on 13:12 - Nov 3 with 282 views | raynor94 |
| All this Budget Speculation on 18:17 - Nov 2 by Scotia |
They'd almost certainly get pension credit too.
We can't afford the triple lock. What's the point in a pensioner getting a big % raise if they die sooner because they can't get an ambulance to take them to hospital, they wait outside for ages when they get there, and then have massively overworked staff looking after them?
We all have to pay for this situation, I don't like it but that's what we're dealing with at the moment. |
A big % rise on a small amount, you really do seem to have a problem with pensioners
Never mind, if assisted dying comes in that should help getting rid of a few earlier | |
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| All this Budget Speculation on 13:35 - Nov 3 with 275 views | onehunglow |
| All this Budget Speculation on 23:19 - Nov 2 by controversial_jack |
Correct, but pensions have to be paid for somehow. Don't forget govt borrowing either. Taxation doesn't raise enough by itself |
Pensions
The bloody cheek of it all.
Fifty years working and paying for the idle lazy and dumb to live out their lives carefree because they will have paid nowt
You could be in a care home paying 1500 quid per week whilst the person in the next room pays nowt
This is our greatest shame
Tories have shat all over pensioners . Labour have never been bothered about them . | |
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| All this Budget Speculation on 13:53 - Nov 3 with 256 views | Luther27 |
| All this Budget Speculation on 13:12 - Nov 3 by raynor94 |
A big % rise on a small amount, you really do seem to have a problem with pensioners
Never mind, if assisted dying comes in that should help getting rid of a few earlier |
That’s how my parents feel. They’ve worked all their life and that’s the thanks they get. Some of the posters on here should hang their heads in shame….along with the rest of this screwed up country where an illegal is getting more than someone who did their bit. | | | |
| All this Budget Speculation on 14:10 - Nov 3 with 250 views | onehunglow |
| All this Budget Speculation on 13:53 - Nov 3 by Luther27 |
That’s how my parents feel. They’ve worked all their life and that’s the thanks they get. Some of the posters on here should hang their heads in shame….along with the rest of this screwed up country where an illegal is getting more than someone who did their bit. |
Luther.
Granted we need to pay more as a nation.
Labour s mantra is about fairness and redistribution of wealth .
It’s done nothing of the kind
The very action was to take hundreds of pounds away ,directly,at source from older people . Older people won’t complain,neither will they strike and shout at TV interviews . They have no power .
Tories biggest shame
I never expect anything less from Labour
Rach is pretty though and a Christian . | |
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| All this Budget Speculation on 14:23 - Nov 3 with 241 views | raynor94 |
| All this Budget Speculation on 13:53 - Nov 3 by Luther27 |
That’s how my parents feel. They’ve worked all their life and that’s the thanks they get. Some of the posters on here should hang their heads in shame….along with the rest of this screwed up country where an illegal is getting more than someone who did their bit. |
I posted earlier 4.1% will give me £28 a month increase, I have never claimed a penny and worked for 43 years.
Yet some on here are saying its unaffordable, what a sad Country we are living in at this time. | |
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| All this Budget Speculation on 14:33 - Nov 3 with 230 views | Whiterockin |
| All this Budget Speculation on 14:23 - Nov 3 by raynor94 |
I posted earlier 4.1% will give me £28 a month increase, I have never claimed a penny and worked for 43 years.
Yet some on here are saying its unaffordable, what a sad Country we are living in at this time. |
The average state pension equates to about 20 hours of someone earning the minimum wage, with no benefits paid on top. I'll leave that thought there to sink in. If you are a retired couple it's managble, when one passes it can be very difficult. |  | | |
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