We, as a family, are dual British/Australian citizens. We have just left the UK for Australia. Whilst in the UK we were high rate tax payers, paying 45% on part of our salary in income tax, we didn't get any tax free allowance, therefore paying tax on every penny we would earn, (obviously not all at 45%). We have purchased numerous houses in the UK and paid almost £40,000 in stamp duty on the last house. Our national insurance contributions were high.
We don't mind paying tax, we 'did our bit' and paid 'our fair share' and percentage wise more than most people. We contributed to the economy. Unfortunately it's just all getting too much.
In Australia we pay roughly the same in income tax and the Australian equivalent of stamp duty is similar to the UK, as I said we don't mind paying tax to the state for the benefit of everyone. However, fuel is cheaper here. The private school fees are cheaper (thanks to Labour), should we decide to pursue that option in the future. There is no inheritance tax in Australia, so when we die the state won't be taking an additional 40% (possibly increasing under the Labour government) of the money we have already paid tax on, enabling us to leave more to our children.
You can't just keep taxing working people and expect them to take it. I really want to reiterate that we didn't mind paying income tax and contributing as high rate taxpayers. We don't mind contributing towards health care.
Unfortunately adding VAT to school fees was the final straw for us, our children are currently in state school and have never been in private education in either country (Mumsnet HQ - I'm happy to provide evidence of this, as I expect the troll hunters will be along soon!). But this policy shows how the government intend to drag everyone down, taxing working people even more, reducing parents choice of how to educate their children, creating a monopoly on education.
We are not the super rich, we come from working class backgrounds, attended state school and average universities, no trust funds or inheritance from parents. Just hard workers. We realise we are privileged to earn a high salary, to have been able to purchase a house.
I'm sure someone will be along soon, in true mumsnet style, to tell me they are glad that we've left and one family won't make any difference etc.
We may just be one family, but there are lots of others like us who will also leave, taking money out of the UK economy.