Gutted about NI rise

[CarryOnNurse20]

I know we need it and we have so much money to pay off. But we have been scrimping and saving after a hard couple of years. Every penny is accounted for from pay day to pay day. I’m a nurse and my pay has been capped/below inflation my whole career. And now the NI rise means any savings etc we have made will now be gone. I’m gutted.

Can’t believe the extent to which one generation (or one and a bit) has been able to fuck over the following ones.

Also this is hugely hard on public sector workers - working throughout the pandemic, stuck with the bill for furlough, with capped salaries, and now having to pay for other people’s inheritance.

Social Care is also for young disabled people and children. Why is the media ignoring this?

I don't think they are ignoring this. The issue is the older generations tend to have more assets & wealth. I think disabled people & children are less likely to have the same assets?

Will we see a vote on Johnson's proposals? Will his Cabinet of nodding dogs duly vote it through or will some of them find that they have got backbones after all and vote against it? But then work to find other solutions.

I believe (but could be wrong!) that they said on the news that this would be voted on as part of the budget. And that voting down the budget wouldn’t happen.

We need bigger pension deals from our public sector "role".

We need big pay rises or we'll get t' union on her.

We need more free childcare "settings".

Why should I have to pay for my care when I'm old, even though I have wealth and assets. It should be free for me.

Save the environment or I'm going to bring town centres to a standstill with my pals by glueing myself to shit and doing yoga.

We need.
We want.
Gimme free stuff.
Just, GIMME.
Me wanty.

Same people who absolutely shit themselves with utter rage if you ask them for a few pounds extra for societal responsibilities.

If you are going to be financially twatted by an extra 1.25% NI above the threshold (think it's about £120 a week), you must be earning a shit load and spending nearly all of it or more than you earn.

@GertrudePerkinsPaperyThing

Can’t believe the extent to which one generation (or one and a bit) has been able to fuck over the following ones.

Also this is hugely hard on public sector workers - working throughout the pandemic, stuck with the bill for furlough, with capped salaries, and now having to pay for other people’s inheritance.

What about those of us boomers who don't want this shit and never voted for it?

He employed tax lawyers. It's not unfair, just that most ordinary people don't do it. Or think of doing it.

Of course it’s unfair. Whatever loophole he used should be closed.

So her £20pm, when she's already struggling and working in an essential service, will go to fund someone's inheritance.

But you think it’s perfectly acceptable to kick an old person (who may not be especially wealthy - just happened to buy a house 50 years ago when they were about £2k) out of their home to fund their care bill in their final years? Honestly there are some really appalling attitudes towards the elderly on this site, it’s horrible.

Because I am from a generation who knows that the only way to move things on is for everyone to share in the burden.

You might be @viques but you can’t really say that about your generation as a whole.

There really does seem to be an awful lot of boomers that enjoy financial stability and protections afforded to them by luck and circumstance, while making smug digs at young people that they too can have it all if they give up smashed avacados and tattoos. Not all boomers think this but the only people who think this are boomers if you see what I mean, giving them all a bad name.

How can I find out how much it will cost me? We go into our overdraft at the end of each month as it is!

Yanbu. It absolutely boils my piss. I'm in late 30s. Had a 10% pay cut over the last decade. Had to pay uni fees at two different fee levels. Can't afford a property and am trapped paying ever increasing, ludicrous rents. I have no savings and doubt I ever will have so my three kids are buggered having me as a mum as at this rate I'm worthless to them.

Now this. More money disappearing out of an ever decreasing pot of "disposable" income. We haven't had a holiday outside the UK since 2012, can't afford one here. Retirement age feels like an ever moving goalpost so they'll get their increased contributions off me until they've worked me into the grave. Yet they spend BILLIONS on covid crony contracts with zero accountability, have trashed our economy for their xenophobic doctrine and consistently shit on us at the bottom. I've worked in care homes- this money will do nothing for the residents or their carers but will go to further line the pockets of the private equity company owners. Fuck those guys and fuck the Tories.

But you think it’s perfectly acceptable to kick an old person (who may not be especially wealthy - just happened to buy a house 50 years ago when they were about £2k) out of their home to fund their care bill in their final years?

If they’re in care, they don’t need their house anymore. It’s just a sitting asset waiting for their kids. Would you rather people that actually needed to live in their house and paid rent/mortgage coughed up for them?

I posted recently that all sections of the population should contribute something.
The old should not have the full pensions uplift.
High salaries should be taxed more. I don't mean those on the current high band but another rate perhaps 10% higher to come in at £90,000.

Tax allowances for overseas investors should be modified and reduced.

@echt

I'm not saying I approve. I don't. The setting up of trusts is legal, but it costs a shitload to do it.

No it really doesn't. Simple trusts can be set up at minimal cost. You really don't need "top" lawyers to do it. Any half competent local solicitor can do it, or you can even DIY. These days, all it takes is a bit of research via Google and you can effectively teach yourself the different types of trust, how to set them up, etc.

Same people who absolutely shit themselves with utter rage if you ask them for a few pounds extra for societal responsibilities.

I agree, it’s sickening I just checked the Daily Fail comments - they’re in uproar of course.

@Wandawide

I posted recently that all sections of the population should contribute something. The old should not have the full pensions uplift. High salaries should be taxed more. I don't mean those on the current high band but another rate perhaps 10% higher to come in at £90,000. Tax allowances for overseas investors should be modified and reduced.

There's already a 62% marginal tax rate on incomes over £100k - your proposal would increase that to a whopping 72%. You'd be getting dangerously close to the 1970 Labour years of ridiculous high rates which did massive damage to the economy.

There are also plenty of POOR PENSIONERS in the UK

Has anyone denied that?

The fact is with shrinking rates of home ownership, later pension age the next generations of pensioners will as a % be much poorer.

@Realyorkshiretea

Because I am from a generation who knows that the only way to move things on is for everyone to share in the burden.

You might be @viques but you can’t really say that about your generation as a whole.

There really does seem to be an awful lot of boomers that enjoy financial stability and protections afforded to them by luck and circumstance, while making smug digs at young people that they too can have it all if they give up smashed avacados and tattoos. Not all boomers think this but the only people who think this are boomers if you see what I mean, giving them all a bad name.

So you say viques can't speak for a generation then make the most ridiculous claims about boomers.

Love that you know what boomers "think".

For the longer term does anyone have any ideas about how we expand our economy by improving our productivity.?

@DynamoKev well I’m talking as a whole and not individuals - these things can’t ever really be discussed at an individual level.

But those of boomer and the first part of the next generation (people born in the 60s - what are they? I thought gen x was the 70s born but might be confused) who have benefitted could easily give some of their money to younger people if they wanted!

But you think it’s perfectly acceptable to kick an old person (who may not be especially wealthy - just happened to buy a house 50 years ago when they were about £2k) out of their home to fund their care bill in their final years? Honestly there are some really appalling attitudes towards the elderly on this site, it’s horrible.

Can you quote where I’ve suggested that? Why are you just making things up?

I support this going on income tax, not NI. I support higher IHT, including scrapping the £500k housing allowance which is all about protecting unearned housing wealth driven by the asset boom. I would be open to schemes where those with assets contribute at the point when they are no longer in their homes, with the government providing liquidity to cover the period where they need social care at home, or have a partner still living in the homr

@weresouth

There are also plenty of POOR PENSIONERS in the UK

Has anyone denied that?

The fact is with shrinking rates of home ownership, later pension age the next generations of pensioners will as a % be much poorer.

While no-one's denied it, it has been conspicuously absent from this thread and the other NI one. Weresouth's was timely reminder.

The approaching poverty of the next generation does not counter her point.

I think we need to remember that those moaning about their university fees probably didn’t start working until they were 22. My Dad who would be late 70s now started working at 15. He paid tax for an extra 7 years tax and NI

I’m not sure I disagree with raising more money but to my ignorant eyes, tax rises seem fairer than NI.

If they’re in care, they don’t need their house anymore.

@Realyorkshiretea Not necessarily. What about elderly people who want to receive care at home?

Anyway, they’re also suspending the state pension triple lock so it’s not just the young who are paying for this.

The National Insurance increase is to pay for social care (care for the elderly in later life) which has been under funded for decades. They should have taken the money from somewhere else as it is a heavy burden for low earners in important jobs like the op in nursing. It has nothing to do with lockdown and the money raised won’t be paying off Covid borrowing. The public should stop accepting the corruption that allowed Tory MPs to throw million pound contracts at their mates without due process and to companies that weren’t even capable of producing goods that were up to a usable standard etc This line about needing to accept cuts to vital services over past decade to pay off National debt for future generations had always been bs as debt has only ever gone up under Tory/coalition govs. Sunak has no idea how to sort out the new debts and anything that is done will only no doubt affect working people on lower incomes because boo hoo poor billionaires if they have to pay their fair share of tax they might decide not to hire another handful of minimum wage workers on zero hours contracts next year.

I’m gutted too the money we will lose as a couple will be devastating for us. Mix that in with the rises in food prices and everything else. I don’t know how we will cope.