To be fed up with the amount of tax / ni I pay

[Elephantstone1]

although my salary looks decent from the outside. I’m beginning to get really fed up with the amount of tax / ni I pay.

so on £60k end up coming out with just around £3k per month from £5k after all taxes (including council tax) have been paid.

we’re not entitled to any help that others may get

my commute costs about £400 a month, but I’ve already paid tax on that money, so i have to earn about £600 a month to pay for it.

i know I’m lucky to be on a decent salary. Just with the col increasing, I’m getting a bit fed up

I'm not being divisive or ageist. It's just factual. We can't continue to dance around these issues.

https://www.pensionspolicyinstitute.org.uk/sponsor-research/research-reports/2023/2023-01-10-contributions-into-the-state-pension-system-versus-receipts-for-people-of-different-income-and-employment-profiles/

Take a lower paid job maybe many would happily pay your tax bill

It’s not factual though. Its bollocks.

@Blossomtoes I think it's ridiculous that my parents 2m house has a lower CT charge then my colleagues 500k one.

@Blossomtoes why is it bollocks?

Ahh good to see "I worked hard for my unearned house price inflationn gains" in the wild!

@Blossomtoes ignore my last post.

Yes you are - you are just stoking up inter-generational hatred as if -
a) We all wanted and engineered it
b) We don't have any kids to worry about
c) We can do anything about being old

The current situation is due to successive governments shitting on ALL ordinary people. Old people aren't all living the fucking life of Riley and laughing at the young. The government love this generation blaming shit though as it totally lets them off the hook.

This sounds problematic

And it worked when the ratios were stable. So many people killed during two world wars (the second of which less than 100 years ago). Lots of growth replacing, rebuilding the country.
Also worked when people died within a decade or two of retirement.

Now you have a smaller amount of working age contributing, but also people living longer. The state pension age was 60 as recently as 2010, so you have loads of people who will be retired for as long as they worked. Baby boomers being the largest generation of course.

The current younger generation isn't going to have the luxury of retiring while they can still enjoy life. Probably work until they die. The social contract has been broken.. they are paying for things they're unlikely to enjoy.

It doesn't work now because the generation "above" is much larger relative to the ones below, and they voted themselves too many benefits without paying for them.

Thats why the State Pension system is bankrupting the UK via the triple lock.

Spending on that is now crowding out spending on education, healthcare, capital infrastructure etc

This has been going on for 10 years now, and you are beginning to see the deterioration in the public services provided and the capital stock (hospitals and schools are falling apart now due to wear and tear via age).

Until someome in politics stops this by telling the over 65s the triple lock cannot be sustained, I fully expect public services to keep deteriorating.

One generation pays for the one above.

Which is fine except when the ratios change.

Your council tax also pays towards the police, fire & rescue service, libraries, adult social care, child protection, planning and building control and a whole raft of other local services, including covering the cost of educating all the children who are in state education and may well end up being the nurses and doctors who look after you when you need medical care. Emptying the bins, and disposing of your rubbish, is a tiny proportion of local government spending.

Do you have a proof of this?

But I didn't offer an opinion or judgment did I? Pensioners are in fact a statical drain and have (relatively) gold plated pensions.
It's not intergenerational warfare to acknowledge a changing society.

Nothing in that report says -
Current set of over 60s will only pay in 70% of the benefits they will be receiving.

If you are 20 now, you are basically screwed. You will be paying in 130% of the benefits you "might" be receiving.

This has been going on for 10 years now, and you are beginning to see the deterioration in the public services provided and the capital stock (hospitals and schools are falling apart now due to wear and tear via age).

Remind me what government has been in charge for the last ten years and what its public spending policy has been. Austerity ring a bell? Deterioration in public services is because we’ve had a succession of governments starving them of money and giving multi million bungs to their mates. Fuck all to do with the triple lock.

That sounds really hard @Elephantstone1 , perhaps you can quit work and get a job in Tesco. You'll pay less tax and probably get some benefits too. Reclaim that which you've put in sort of thing. I hear you get free food if you work at Maccies, worth checking out

Public Services are not being trashed by the Triple Lock, they are being consistently run down as a policy initiative by the Tories transferring wealth away from the poor to the rich.
Our state pensions are well behind many developed nations, and it suits the asset-stripping Tories to paint State Pension recipients as "well off" when they really are not. It's just ridiculous.

Cut the state pension! If I worked to retirement age (not the plan) my state pension plus forecasted work pension means I am

Going to be around £300 a month worse off.

I would rather pay less tax now and focus spending on education, health and security. We are up north and Newcastle council have apparently got 10million from levelling up to do things like pedestrianise blacket street.....it doesn't need doing. Government money should be for things we need.

Council tax, not central government usually pays for services like these.
Richer areas (with larger houses etc) not only can get more in council tax unless you're in of 'those' London boroughs but also need to spend less money on social welfare and other interventions.

Of course PP is being silly and it's not just that though. Streets can be clean if nobody dirties them, and less policing if nobody causes trouble.

You seem to have little idea of how public spending works.

Money doesnt "evaporate"

Also, it didnt go to their mates. Far from it.

The "savings" from austerity got partly re-directed to the pensioners via the triple lock for electoral reasons.

Thats what having a FPTP voting system does when you are an electoral minority (Conservatives). It causes just these sorts of actions.

You can simply check the spending on the State Pension from 2010 to 2022.

It has ballooned to 42% of all welfare spending at £112 BILLION.

And it gets even worse in the next 10 years.

obr.uk/forecasts-in-depth/tax-by-tax-spend-by-spend/welfare-spending-pensioner-benefits/

I don't disagree. I've decided to work less to keep my earnings below 50k and have more time off while I'm relatively young, rather than pay 40% tax and have inflation rot the 60% I am permitted to keep.

Got to look after me, as no one else will. Whatever tax we pay, government will spend it all (mainly on themselves) and still borrow a ton more.