Scared of what labour will do

Pensioners don’t pay NI, but they pay income tax at the same rate as anyone else.

I'm spending all my pension and savings on holidays, just in case, I doubt they will means test below about £15k income which is what I will end up with when the extra has gone.

Oh what a load of old cod and I don't for a minute believe you are genuine.

I take it you have something against pensioners ? Pensioners have same tax code as those that work and pay tax on earnings over the threshold same as a basic taxpayer as far as i can see , can you post a link that says otherwise. Asset like a house that has earned money over the years will be taxable eventually, but why should someone pay tax on a property, just because ethe value has gone up, they may not have the cash to actually do this. The very rich pensioner or not will always have the best advice to pay the least amount of tax, but many will pay much more in than someone like me on middle income wage.
i had some hope for this goverment but so far I am not impressed . Not means testing the winter fuel was shocking, I work with people in real hardship who cannot afford to heat & eat, many pensioners are not well off, private pensions were not the norm.
yes there is a shortfall in the pot but we still give money away and spend on pointless things. Plus they knew the situation so should of been honest about what they would do when in power, but then none of them are. All awful , as bad as each other. The cost of living is worrying, my ctax, rent , water etc have all gone up, more than my wages.
my young dc have got no hope of moving out of home until late 20’s , I'm encouraging them to consider abroad once qualified as for first time in my life I don’t think the uk has much to offer

Op save your breath. Of course you are reflecting conversations up and down the country but on here there is a devout following regardless of how truly awful Labour have been so far, we are going to get much poorer for sure, and that’s the best case scenario.

I was more scared by what the Conservatives were doing to our public services, nhs, schools and libraries. My main fear with Labour is whether they can reverse the rot honestly, or if it's too late.

Far, far less terrified than I would be with any other political party in power now. They have inherited a mess after 13 years of the Tories cutting services and bunging money to their rich mates. Globally things are tough. I am utterly relieved that Labour are in power. I'm just dreading the next general election because most people are politically illiterate and think the likes of Nigel Farage give a shiny shit about them. Labour are the only glimmer of hope we have to navigate our way out of a mess.

No but we don't "all pay the same taxes". Pensioners and others who have huge huge wealth/assets vs. income pay much less.

Christ. This is a pretty mean-spirited post.

If your child was/is going to private school, you're clearly in a higher income bracket.

People on PIP and pensions are often already on the poverty line. The reason they're "quaking" is that the changes won't mean they can't afford a luxury item - they won't be able to afford to live. They need the extra income to afford higher heating bills, clothing that's easy to put on, food that's already prepped, taxis because they can't leave the house and walk.

Laughing at genuine hardship is a shitty thing to do.

Because you've been affected, you're happy that people who are on the bones of their arse are also going to be hit? A little compassion wouldn't go amiss.

FWIW, I was opposed to the VAT on private schools, even though it's not something I"d ever be able to afford. I spoke out about it on here numerous times. Not everyone on PIP/UC/pensions disagrees with private education.

I'm more worried about the hell Trump is going to unleash on the planet.

OP encourage your family farmers to get some decent tax advice. And keep their minds open to making some changes to their business to enable it to continue to be passed on. There are options - none perfect but there are some options

I clicked on this fully expecting it to be a post about being scared of childbirth. I do wish people would use caps when it's correct to do so!

Nah, whatever happens over the next couple of decades is entirely on the Tory voter base. You chose to enrich the 1% at the expense of everyone else and now you'll need to deal with the fallout.

I'm just glad I'm insulated enough to not have to worry about it tbh.

I really don't think anyone earning over six figures needs help, do you !

@Wantachangefor2024 you done the right thing not to overload yourself with news. Remember that the news only report the sensational bits and drive a narrative, no matter the side. You can always look up the original sour source if you are interested in something.

Unfortunately op, mumsnet over the past few years has become a place of shut down to anyone who wants to talk about or think about anything.

Oh and we don't all " get our personal allowance" not if you earn over £100,000 and not at all over £125,000.

Actually pensioners have a higher personal allowance and don't pay NI.

Not read the thread. Honestly @Wantachangefor2024 please don't worry about the future because all it is at the moment is words and smoke and mirrors. Please do try to switch off and relax and just deal with each issue that effects you personally as it comes. Try not reading social media or the news.

Think about in all honesty what's getting said, reported and mentioned in the news daily at the minute, day by day. Then cast your mind back to what's been realised news worthy in our time from years ago.

Whats getting reported in the news is just that news. The people in power in every country are many, many steps ahead of us.

In the words of Doris Day... The futures not ours to see.

You sound like you love a bit of GB news.

There's not one government that hasn't upset their very own electorate. Liars and rich with zero empathy, nor a maths gcse between them you would think.
It's hard to understand how they do it.
Heartbreaking for those that struggle.

Well this is what everyone voted for! Everyone cheered when my family was affected by the 20% VAT. How I’ve laughed now all the PIP and pension people are quaking in their boots! It’s not nice is it?!

@Skynorth Pensioners are taxed in exactly the same way as everyone else. We all get our personal allowance - about £12k income - and then pay tax on anything above that.

Pensioners are the same. If their income rises above the personal allowance, they pay tax just the same as you or I.