Andy Burnham should put the damn social care tax on landlords and big occupational pensions

But why? The government spends more on the elderly than on children by a wide margin. I understand why it spends on children, they're not capable of paying for themselves. But if you've had your whole life to prepare for your old age, and have failed to do so, why should younger people pay for that?

Tax pensions and people won't save properly and then we'll all end up funding their retirement. We should be encouraging people to save for their future and take responsibility for themselves.

I think it would be the care part only? The bed and board would be paid by the person needing the care I imagine. You’d have to hope that carehomes wouldn’t just hike their prices up though.

Oh my goodness me too! 30 000 barely covers six months in a middle of the road carehome.

I did too but I assume they realised it’s nonsense & scuttled off

@magnomam

I know, but I like to give people a chance to evidence their claims

Council run care homes used to exist, then the local authorities slowly closed them all and adopted the 'rent a bed' approach instead. I was an administrator for a group of 6 council run care homes, by 2015 they had closed them all

They will be no source because it’s absolutely nonsense

In my opinion we need to look at the money being made by the private companies running care homes and children’s homes. Take it back into public ownership.

@TheFrendo

Do you have a source for that statistic?
I think you may be out by several hundred thousand

But I think the million pound exemption ( when two parents leave a home to children or grandchildren) would be lifted so it’s swings and roundabouts really. You’re better off with ten percent of that than zero. The very rich will always have professional inheritance advice no what you do.

My reason for excepting between husband and wife (include same sex etc) is because there is a state sanctioned partnership to share assets. So the tax should be applied after both have died.

It is not to punish anyone - just recognising the joint ownership in this instance.

if it is a punishment, it is against those who live together, but have not formed a civil partnership or marriage. However, this is usually a personal choice, as is the decision to leave everything to charity.

I 100% agree with taxing wealth rather than income with IHT being a case in point. I am sure there are brilliant people working on different models as we speak. But this has been happening for years.

What this really needs is a good communication strategy about the model that is chosen as to why it is the fairest and most equitable. And then hope that people don’t selfishly choose the option that appears to impact them least - or by falling for the latest low cost lies party.

Neither the person with assets or the person without contributes. Because they are both dead.

Tax is absolutely fine when it's then spent on us

I agree, @happyjoe, but all too often the very services and people who need it are the last to actually see any of the money

There's a touching faith that the state, if handed even more money, could solve everything for us, but I'm afraid it's not a faith I share - at least not with the way things are currently set up

You do realise it's workers who have occupational pensions, usually having contributed heavily during their working lives?

How much do you contribute to your pension currently?

Are you working for the governments nudge unit OP?

No, there's no time limit on Deprivation of Assets. The 7 years refers to inheritance tax. Local councils will go over everything to see if a person has the means to pay towards their care and can claw money back if there's been an attempt to dispose of assets or cash.

@Digerydontnot sure why you have quoted me?

AB wants 10 years. Who will be left to soak by then?

@TheFrendoWhat?

450k millionaires left the UK in the last 2 years?!

You need to check your figures! 😆😆

Landlords are selling up due the the new renters rights. Tax them more and they’ll be hardly any left so rents will increase with demand?

Oh I totally agree that carehomes should be government run or at least not for profit. I think inheritance tax would be on everything, not just houses etc, but savings and anything else. You obviously can’t tax people on something they don’t have though …I’d rather leave a house to my kids and pay inheritance tax than not have a house to leave at all.

Since Labour came to power in 2024, 450,000 millionaires have left the UK. These people were paying a lot of tax, both in absolute terms and proportionately.

With them gone, everybody else will have to pay more tax.

This will only get worse. The national debt is £3T, the interest is ~£150b a year and we are borrowing that too.

Fecked.

To me that includes people who don't work, but could, working. Make people do something in exchange for their benefits, and a lot of resentment towards UC claimants would vanish.