Would you leave UK if Reeves starts taxing wealth

[Movingmarble]

Just that really. Wondering if anyone else considering it. DCs both at Uni in next year. We had thought of living abroad a few months each year anyway but now UK is getting worse and worse for tax. Not super wealthy but millionaires on paper and with various investments. Been to advisor and would have IHT bill of £1 mill + if we stayed which makes me so angry. Worked hard for so many years to provide for our family and feels too harsh.
Spoke to our eldest about this and she even said so many of her friends have parents who have moved abroad in last few years. We are lucky we have options for countries, feels hard but then a flight is actually fast than driving up and down to where DC are at Uni so makes me wonder.....

Feel so fed up the constant threats to those who have saved for future and not got into debt through spending on material things or holidays, tech etc etc....

My heart bleeds for you.

I will keep you in my thoughts and prayers OP

🎻

Yes, we have considered it and are actively looking in to it. We have worked really hard for what we have and have made a lot of sacrifices. We have already paid a lot in taxes through our business and personally, and it’s really getting to the point of being totally disincentivised to stay or continue to contribute at the levels we do.

But those aren't equivalent roles!!

1.Public sector Nursing vs Private sector Veterinary nursing

You need five GCSEs at grade 4/C to get into nursing, so that's equivalent to a eg veterinary nurse in the private sector Similarly vocational, similar abiliy requirements and tasks. Personally I find human nursing slightly more valuable, but not everyone would agree!

Salary is broadly comparable, but definitely higher in the public sector nursing job. Plus that NHS pension of course...

A newly qualified nurse in the UK typically earns between £25,655 and £31,534 (Band 5), while experienced nurses can earn from £32,306 to £39,027 (Band 6). The highest earners include nursing consultants on Band 9, with salaries ranging from £93,735 to over £100,000 - a more specialist job than exists in the veterinary nursing role.

For a veterinary nurse, entry-level positions average around £24,000 to £26,000 and experienced nurses earn between £27,000 and £32,000. Senior roles and those in specialized or high-cost areas like London can earn more, with some experienced or senior nurses potentially earning up to £40,000 or more. They'd never get up to £100k: £100k is a top rate even for a senior vet after a 4-8 year Uni degree (which needs AAA A-levels to get into) and many years experience

2.Public sector politician vs Private sector investment banking

Investment banking is a totally different kettle of fish from either nursing or veterinary nursing! The banks hire the very best and brightest candidates: at least AAB at A level, 2:1 minimum from one of the better Russell group unis and some kind of personal edge that makes them stand out. They'll be working 60-80 hours in a normal week, and a 100 hour week isn't unusual when needed. (including all-nighters grabbing a couple of hours sleep in a meeting room, then continuing with another full day) .

They'll earn £30,000–£40,000 as graduates, £50,000–£70,000 after a few years and £150,000+ for senior roles,

That's reasonably equivalent to working as an MP. I know which I think are more capable and more useful...

3.Public sector CEOs (eg for network rail or Nuclear Decommissioning Authority) earn similarly to CEOs of equivalent private sector companies.