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AIBU?

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AIBU that working people should be rewarded in the Budget?

318 replies

DistingusedSocialCommentator · 03/03/2024 23:04

As above by way of increasing the tax threshold which has been on ice for a while.

The lower paid will benefit the most as those earning about 125k I think it is dont get any tax reliefe. 2 of the 3 children of ours pay 40% or more in tax plus NI. Therefore, the lower paid will benefit the most

We left worl in our early 50's and yet to reach state pension age.

I've read that many pensioners will soon be paying taxes as many are also being paid a few quid in private pensions they contributed to

so rather than a penny or two cut, raise the threshold of income tax

The gov must also do away with IHT but that is a different subject.

So if you agree with me, then it is I am being reasonable

OP posts:
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9
Acneskinhelp · 06/03/2024 21:37

Definitely needs raising for lower earners and poorest in society. It's also an incentive to get the lower earners off benefits and help them spend and save... Everything else has gone up so why not this band and put more £ in the pocket of those who need it most?

entropynow · 06/03/2024 21:29

DdraigGoch · 06/03/2024 16:02

How is a cut in Capital Gains Tax a victory for workers? CGT is a tax on unearned income.

Shh! No making sense, it isn't welcome. We should just gullibly cheer on the Tories because Reasons.

entropynow · 06/03/2024 21:25

bombastix · 06/03/2024 21:05

Since the actual tax threshold hasn't shifted then not much gain for me and child benefit well I don't gain from that either.

It's enough to make Labour have a difficult few years in power re tax but does it change them coming in? No.

It's designed to screw the incoming government, no more, no less. The current lot gives not a fig for the good of the country.

entropynow · 06/03/2024 21:24

DistingusedSocialCommentator · 06/03/2024 13:08

Hats off to Mr Hunt. This is clearly a budget for those in work!
Good news re fuel duty but the idiots at the pumps raised fuel prices yesterday by 5p.

Oh look. It's Conservative Central Office's Chatbot again. The disconnect from reality is stark.

For the benefit of people with an actual, organic brain, oil prices change.

bombastix · 06/03/2024 21:05

Since the actual tax threshold hasn't shifted then not much gain for me and child benefit well I don't gain from that either.

It's enough to make Labour have a difficult few years in power re tax but does it change them coming in? No.

singleparentloseagain · 06/03/2024 20:32

As mentioned before, not everyone gets 1M tax free. Single unmarried parents get £500k, which in the South is more than the value of a lot of properties. I am in this situation as an unmarried widow.

Clavinova · 06/03/2024 19:18

DdraigGoch
I suppose that it's a bit like the ULEZ. 90% of cars were already compliant

I remember there was some dispute over the number of vehicles affected;

Almost 700,000 cars in London will not be Ultra Low Emissions Zone (ULEZ) compliant when the scheme expands, according to new analysis from the RAC.

The RAC said the figure rises to more than 850,000 when including other non-compliant vehicles in addition to cars.

However, the London mayor's office has disputed the figures.

The data does not include vehicles which enter London from neighbouring counties such as Essex, Hertfordshire, Surrey and Kent.

https://www.bbc.co.uk/news/uk-england-london-65057890

I

BIossomtoes · 06/03/2024 19:04

Clavinova · 06/03/2024 18:59

BIossomtoes
It wouldn’t get mine. A tax free windfall of or share of £1 million should be enough for anyone.

I suppose it might depend on how many children and grandchildren you have - and where your grandchildren would like to buy a property.

Also, you are assuming that the person who dies can use their late partner's allowance - that's not the case for everyone (divorcees etc.) - the property threshold drops to £500,000.

Grandmothers and eggs Clav. If our four kids aren’t happy with £1 million tax free between them we’ve brought them up wrong.

Clavinova · 06/03/2024 18:59

BIossomtoes
It wouldn’t get mine. A tax free windfall of or share of £1 million should be enough for anyone.

I suppose it might depend on how many children and grandchildren you have - and where your grandchildren would like to buy a property.

Also, you are assuming that the person who dies can use their late partner's allowance - that's not the case for everyone (divorcees etc.) - the property threshold drops to £500,000.

DdraigGoch · 06/03/2024 18:48

Jovacknockowitch · 06/03/2024 17:51

Even allowing for that expansion - 12% is a tiny proportion. It is really odd that it's a vote winner with so many who would never pay it. A weird cap-doffing phenomenon although not unusual in our crazy island.

I suppose that it's a bit like the ULEZ. 90% of cars were already compliant. Yet people didn't actually check and just assumed that theirs wasn't and got worked up about it. Maybe people likewise assume that they will be stung by IHT even though most won't.

pointythings · 06/03/2024 18:42

You may not recall this but Greece went belly up with their equivlant of the labour party. No one would sell medicines to that country,

And that was Greece. This is the UK. You may wish to look both countries up on a map so that you can understand that they are not in any way the same country, and that their political parties are not the same party. I mean, that's just basic geography.

Trust you? 😂😂😂😂😂😂😂

No.

Jovacknockowitch · 06/03/2024 18:01

DistingusedSocialCommentator · 06/03/2024 17:56

Please trust me, we do all know what Labour "will do."!

You may not recall this but Greece went belly up with their equivlant of the labour party. No one would sell medicines to that country,

Yes, we do want a better social care, more for those that are on benefits and genuinely claiming them but we need money to do that. To do that is by making it more rewarding for people to work

Trying to pretend politics in Greece has any relation to here is offensive to us and the Greeks. It is just beyond ridiculous. There is so much more to the situation that happened there, including but not limited to the fact that they were in the Eurozone.

mbosnz · 06/03/2024 17:57

As a working person, I'd feel suitably 'rewarded' by such things as:

A functioning health system which is suitably staffed and equipped, so as to enable staff retention, growth and wellbeing, to promote timely treatment (that enables people to be both mentally and physically fit for work)

A functioning education system which is suitably staffed and equipped, so as to enable engagement and retention of well qualified professionals to educate the next cohort of workers to a suitable standard, and not in buildings that are not fit for purpose, meaning they're falling about our kids ears, and our kids can't find a working toilet.

A functioning police system, with stringent vetting of candidates and excellent training. Where, when I see a headline saying 'police to be given training in violence against women', I don't find myself wondering 'why, they seem to be pretty bloody good at it already?'

Where people who can't work, or need assistance to live on their own, or can't live on their own, get the support they need, to live without unreasonable want, and with dignity.

There's lots more on my letter to Santa, but you get the gist.

Just a functioning society really.

DistingusedSocialCommentator · 06/03/2024 17:56

pointythings · 06/03/2024 15:03

Well yeah, we do. In 2019 it was the cult of Brexit that did it and that has gone so well.

You still don't know what Labour will do because no GE has been called, so no manifesto.

As for your opinion - I know what that's worth 😂.

Please trust me, we do all know what Labour "will do."!

You may not recall this but Greece went belly up with their equivlant of the labour party. No one would sell medicines to that country,

Yes, we do want a better social care, more for those that are on benefits and genuinely claiming them but we need money to do that. To do that is by making it more rewarding for people to work

OP posts:
Jovacknockowitch · 06/03/2024 17:51

Clavinova · 06/03/2024 17:43

BIossomtoes
So she was entirely correct. You really are struggling these days Clav.

Perhaps you are struggling with the definition of however?
Abolishing inheritance tax could be a vote winner where I live (South East).

Even allowing for that expansion - 12% is a tiny proportion. It is really odd that it's a vote winner with so many who would never pay it. A weird cap-doffing phenomenon although not unusual in our crazy island.

BIossomtoes · 06/03/2024 17:50

Clavinova · 06/03/2024 17:43

BIossomtoes
So she was entirely correct. You really are struggling these days Clav.

Perhaps you are struggling with the definition of however?
Abolishing inheritance tax could be a vote winner where I live (South East).

It wouldn’t get mine. A tax free windfall of or share of £1 million should be enough for anyone.

Clavinova · 06/03/2024 17:43

BIossomtoes
So she was entirely correct. You really are struggling these days Clav.

Perhaps you are struggling with the definition of however?
Abolishing inheritance tax could be a vote winner where I live (South East).

BarelyLiterate · 06/03/2024 17:26

Another 2% cut in NI and continuing the freeze on fuel duty isn’t much, but it’s better than nothing in terms of putting a bit of money back in the pockets of ordinary working people. Hopefully these measures, together with increasing the child benefit cap, will act as some degree of economic stimulus. Also, taxing vapes is obviously sensible.

I was disappointed by the lack of any increase in tax allowances, even just uprating in line with inflation. I also want to see more incentives & sanctions on people living on benefits to force them take the jobs which are available. Even Labour is starting to make positive noises on worklessness. Liz Kendall said yesterday that young people wouldn’t be able to just live on benefits under Labour. We’ll see what they actually do.

BIossomtoes · 06/03/2024 17:21

Clavinova · 06/03/2024 17:11

MojoMoon
Only around 4pc of estates paid inheritance tax last year

Although it says this in your link:

  • ... However, the rapid growth in wealth among older individuals means this number is set to rise to over 7% by 2032–33.
  • The number of people affected by inheritance tax will be still larger. One in eight people (12%) will have inheritance tax due either on their death or their partner’s death by 2032–33.

So she was entirely correct. You really are struggling these days Clav.

Clavinova · 06/03/2024 17:11

MojoMoon
Only around 4pc of estates paid inheritance tax last year

Although it says this in your link:

  • ... However, the rapid growth in wealth among older individuals means this number is set to rise to over 7% by 2032–33.
  • The number of people affected by inheritance tax will be still larger. One in eight people (12%) will have inheritance tax due either on their death or their partner’s death by 2032–33.
randomchap · 06/03/2024 16:58

DistingusedSocialCommentator · 06/03/2024 14:23

And we all know why that is, lol.
They are all the same and if anyone feels different, then they are easily led, IMO

Labour and Conservatives are not all the same

The graphic below is from the FT, and it shows how NHS waiting lists have changed with different governments.

You are lying to yourself and others by claiming they are all the same.

AIBU that working people should be rewarded in the Budget?
Vod · 06/03/2024 16:22

Buuty · 06/03/2024 16:15

The child benefit move will probably increase tax revenue as loads of people who salary sacrifice to keep it, may think about taking it as cash now and just taking the 42% tax/NI hit.

Interesting point. People who take action to avoid the current marginal rates may be ok with paying 40% on a few grand if it means they can have it now.

Buuty · 06/03/2024 16:15

The child benefit move will probably increase tax revenue as loads of people who salary sacrifice to keep it, may think about taking it as cash now and just taking the 42% tax/NI hit.

HollaHolla · 06/03/2024 16:12

DistingusedSocialCommentator · 04/03/2024 14:29

Thank you. We are not more than ok as you said. We are still careful, ie sont eat out as dont like it and only eat out when on hols or in hotels for weddings etc. I've never travelled business class let alone first class, nor do we stay in 5 star hotels - as our incomes have been massively reduced since we left work and with hyper inflation, we are careful

Anyway, back to the tax

As I said, those that don't want IHT abolished or as per my suggestion, capped at 3/5millions, often do not have a penny to their name or often worth less than 500k.

I agree with you re tax brackets and I'm also for tax allowance increases as this helps all of those earinng low wages and up to 100k I think

I was staggared when we were talking about tax threasholds and allwanaces when our son told me he and his siblign did not get the allwance - i actually had to look it up

Look at Labour, if mem serves me well, when i was at school, they had a upper tax rate of 88% and a lot of the people that were paying towards ruing the country via their taxes f'd off out of the country and it went belly up

No tax rises required and cuts must be prudent
What needs to happen is our clowns in gov must stop spending billions on far away wars and ensure the hospiltas are streamlined like some in the EU and money is used effectively and we need less managers in the NHS. We also need less managers in council workers and more outsourcing of work from them as it is cheaper.

You really ARE more than ok. You retired more than 15 years before most other people. Believe me, you are doing well.

HollaHolla · 06/03/2024 16:10

DistingusedSocialCommentator · 04/03/2024 12:48

You are correct on every level

Re benefits your state and getting more than working people.
Years ago and I believe its now changed - those not working had most of their rent or mortgage paid and no wonder many did not want to work. I think its changed. The council tax was the same, and renters in the council housing also did not pay any council tax, I believe that has changed as well as ow they pay a little bit of it

Coucils are going belly up as they know the taxpayers will bail them out. When a coucil goes belly up, all those at the top should be sacked and barred for life from working as a council/public sector employee as they are responsible to manage moeny

Really, you're fairly poorly informed here, OP. I think you should educate yourself somewhat, before spewing bile against those you seem to think are 'lesser than' you.

In one or two posts, you have shown your ignorance a number of times:

  • It's the Houti rebels in the Red Sea. It benefits the UK (not England) to keep the shipping channels, including the Suez Canal, open. Otherwise, goods take longer, and cost more, to get to us, from the cheaper markets of Asia.
  • The idea that Council tenants didn't pay Council Tax is laughable. I was brought up in a Council House. My parents paid Council Tax, as did my siblings and I, when we became old enough.
  • You have to apply for contributions towards tax and mortgage interest only, if you are on other benefits. I was on unemployment benefit for a few months, and still was bringing in more than the threshold for any help with my mortgage interest.
  • The Tories have lowered the thresholds for so many schemes to help those on low income, who are disabled, or are carers. These are a big contribution to those living in poverty. I am aghast that you think this bunch of self-serving, arrogant, liars, are benefiting anyone, except themselves, and their rich mates. It also makes me laugh that you're defending them on one hand, yet complaining about misuse of public funds.
Might be time to do a bit of homework, and educate yourself, OP.
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