To be pissed off at paying more tax evdn though it is 1.25 percent?

[Fancymice]

So I get paid 1430 a month, then
-76.40 income tax
-75. 96 national insurance
-36.40 pension

And then this new 1.25 percent health and social care levy will be by my calculation 17.88

Total deductions 206.63 so take home will be £1223

I know it's only £17, but It just feels like the cherry on top of a year of being financially pummelled. The price of everything is going through the roof, food, petrol, rent. A pay rise is out of the question "because of covid" and now I have to part with even more money for our shitty useless government to misnanage.

Definitely be pissed off. It’s more than a 10% increase.

I'm pissed off too. I used to be a higher rate tax earner and if I was still in that position I'd happily have paid a bit extra every month so that people on minimum wage with every penny accounted for wouldn't have to. Even now I can accommodate what I think will be c£35 per month for me, it'll piss me off but it doesn't mean the difference between eating and not eating / not being able to buy shoes for kids / whatever, whereas for a lot of people it will. Don't get me started on the removal of the 'extra' £20 UC. There are so, so many better ways they could have gone about raising this money, but I guess taking money from the poor and average people to make the rich richer is what you get for when the country votes Tory.

This country is a complete shitshow and every decision by this corrupt, incompetent bunch of posh twats just makes it worse.

Well your employer is paying more as well so suspect you’ll bear the brunt of that too. Agree it’s awful OP, should be means tested and those wealthy should be paying including those with significant assets but no income.

You're paying 14.5% of your gross income, roughly £1 in every £7.

We all get an awful lot in return for the tax we pay. Personally I think that's a good deal for healthcare, education, infrastructure, defence etc.

YANBU to feel incredibly frustrated at how tight your finances are, but IMO paying a small amount for social care is the wrong thing to be annoyed at. Surely rent increases are the real problem?

Makes me laugh. You're paying low taxes because it's a Tory govt. people moan about lack of social care and no cap on spend, lose your house etc. And when they increase ni to pay for a different scheme so it's capped still moaning. You'd be moaning even more under a Labour govt who would have hiked both tax and ni so you'd be far worse off.

I am personally happy to pay more tax to support the NHS/social care. However, I am not happy with the way in which this is being done. It will disproportionately affect the working poor and benefit wealthy home owners. I'm also concerned that, as an employer, we will be unable to absorb the costs of this, so we will be forced to make redundancies.

It should have been done through income tax and/or inheritance tax.

Of course, it's just the tories helping the rich again, as they always do.

How do you propose social care is paid for then?

But the problem is not really the tax itself, but rather the mismanagement at governmental level of the country's tax income.

@ginislife

Makes me laugh. You're paying low taxes because it's a Tory govt. people moan about lack of social care and no cap on spend, lose your house etc. And when they increase ni to pay for a different scheme so it's capped still moaning. You'd be moaning even more under a Labour govt who would have hiked both tax and ni so you'd be far worse off.

I'd be happier paying taxes if there was a functioning NHS, decent public services and progressive housing policies, but right now I'm finding it hard to see what I'm actually being charged for, considering I have recently had to pay for a private GPs appointment and private dentistry as no dentists here are taking on NHS.

@Figgygal

How do you propose social care is paid for then?

By an income tax where the biggest burden us carried by those who can most afford it, and by closing tax loopholes for large businesses.

Also, the government could improve things by providing government run care rather than our taxes going to profiteering private care home companies.

I’m very happy to pay more to support public services.

I understand where you are coming from but how else is the NHS and Social Care going to be funded? I agree with sillysmiles the management is totally shambolic. I would willingly lose 1% of our families' income (disability benefits etc) to keep health and care safe.

The problem is that in general this is all being charged on younger hardworking people to subsidise many wealthy pensioners. Whereas their pension incomes and assets should be used to the max to fund their own care needs.

Poor pensioners are currently covered, but now we are setting limits on how much wealthy pensioners have to pay for their own care and getting the young to subsidise it. All so that more of a wealthy pensioners houses and assets can be left as inheritance.

People complain about a 'dementia lottery' and the cost of the care, but this just keeps in place the current 'inheritance lottery' of whether your parents are rich or not.

Those who can fund their own care (and can have a say in what care that is, quality, cost etc) should fund it. Simple as. Nobody is entitled to pass on an inheritance or indeed inherit it.

YABU.

When were pensioners all wealthy??
This is such a non argument. Be glad you have a job and are earning.

@UncertainUnsure

The problem is that in general this is all being charged on younger hardworking people to subsidise many wealthy pensioners. Whereas their pension incomes and assets should be used to the max to fund their own care needs.

Poor pensioners are currently covered, but now we are setting limits on how much wealthy pensioners have to pay for their own care and getting the young to subsidise it. All so that more of a wealthy pensioners houses and assets can be left as inheritance.

People complain about a 'dementia lottery' and the cost of the care, but this just keeps in place the current 'inheritance lottery' of whether your parents are rich or not.

Those who can fund their own care (and can have a say in what care that is, quality, cost etc) should fund it. Simple as. Nobody is entitled to pass on an inheritance or indeed inherit it.

I agree. That's why it would be fairer to fund through inheritance tax. And income tax if necessary.

Everybody should be absolutely furious. It doesn't matter who you the for, whether you're a Tory or a labour or a green etc.

What they are doing is wrong. Absolutely wrong.

There are people out there now that will not only be losing the £20 a week uplift. But will now be getting taxed more to do the same job, a job that is supposedly.being helped by the tax that they're seeing being taken. Meanwhile the wealthy landlord they rent from just makes more money. It's preposterous.

"Wont this affect the poorest the.most?"
"Yes but it will benefit everyone"

If you're a Tory, you should be horrified at this. (Other political groups are already horrified at the Tories anyway)

UK billionaires got £106bn richer in the pandemic... This new tax that punishes the poor the most is only planned to raise 12bn

HS2 phase 1 costs 40bn

PPE contracts and yachts and all manner of other money wasting ventures have cost many multiples of what this tax will raise.

It's ire inducing.

How about removing the cap on incomes over 50k? Currently, people earning this only pay 2% NI on their income over 50k. Remove the cap then they will pay the full amount of 12% on their salary, like the vast majority of us (earning less than 50k) do.

Surely, if you earn 50k plus you are even more able to pay this? Fairer to ask people to pay according to their ability to pay.

@OldTinHat

When were pensioners all wealthy?? This is such a non argument. Be glad you have a job and are earning.

literally no one is saying all pensioners are wealthy

But some are, usually in the form of very valuable houses. It does seem like the government are specifically helping asset rich pensioners to be able to pass on large amounts of money at the expense of taxpayers, many of whom cannot afford a house. I do sympathise, and can imagine it must be sad not being able to give your children the inheritance you think you should be able to, but imo it's a lot less sad than the impact higher taxes will have on those who are low paid, as it will have an actual impact on their standard of living.

I am happy (ish) to pay more tax IF (and it's a very big if) the money is not mismanaged and gets spent on frontline care, improving efficiency and reducing waiting lists and ensuring those needing social care get it.

I am, however, not convinced. But as I said on the other thread, if you want good public services you have to pay for them.

The problem is that in general this is all being charged on younger hardworking people to subsidise many wealthy pensioners

The money is for the NHS as well as social care. We all use the NHS, even if it's only for smear tests and when you give birth, as in my (fortunate) case.

And some younger adults need social care.

Can we stop making this a generational thing, it isn't.

@Fancymice

So I get paid 1430 a month, then -76.40 income tax -75. 96 national insurance -36.40 pension

And then this new 1.25 percent health and social care levy will be by my calculation 17.88

Total deductions 206.63 so take home will be £1223

I know it's only £17, but It just feels like the cherry on top of a year of being financially pummelled. The price of everything is going through the roof, food, petrol, rent. A pay rise is out of the question "because of covid" and now I have to part with even more money for our shitty useless government to misnanage.

Add in council tax ( which l just heard isn’t ring fenced and might go up next year too …) VAT at 20%. Road tax. Stamp duty if you are buying a home. Am l missing anything ??? We appear to being taxed until the pips squeak. If only they would tax the most wealthy in our society, just a little more would make way more revenue than this unfair tax rise. We all know that the NHS and social care have been running on empty for a decade, but this is the wrong demographic to tax again.

I too am happy to pay more. I also agree the money needs to be found, somehow. I am not happy though that the funding burden disproportionately affects low earners again. There must be a fairer model for those on the lowest incomes.

I'm happy to pay the increase as social care in this country is pretty appalling.

But a couple of things annoy me.

1. the nurses bag themselves the huge 1% payrise post covid (I'm not a nurse btw) and then in come the govt to take it away again through other means

2. Bojo commenting on how we all stayed away and didnt get operations and things we needed as we all generously recognised the need to Save The NHS, and now we need to pay extra to help get that stuff back on track. No Boris, we weren't able to have our operations because they all got cancelled !!! No choosing to be had in this scenario at all.

I personally think the £100k+ a year earners need to pay alot more tax and what about that big red Brexit bus with its £350 million saved from Europe. Couldn't we use that