I don’t want to pay less National Insurance, I’d like a better funded NHS

[CormorantStrikesBack]

🤷‍♀️

obviously I appreciate I’m in a position to think that, but I’m not on a huge wage. I’m glad if it helps people who are struggling but I’m also worried about the nhs, school funding, etc.

They don’t seem to be managing now, I can only imagine it will get worse. There are councils going bankrupt and cutting services, respite care, libraries, etc.

id rather carry on paying what I’m paying than risk such services been funded even less.

Why should my parents, for instance, lose the home they spent their life paying for in care fees

Same reason we should (and likely will) - because if we’re in a care home we won’t need a house any more. And because paying means ending up somewhere nice rather than the shithole the local council deems adequate. Also our house would sell for about five times what we paid for it so most of that money is unearned by anybody.

Not true. Denmark’s top rate is 55%.

Absolutely this. It’s no longer a viable system. We need to accept this and move on to a more realistic system. Changes in population demographics and treatments since the NHSs inception mean it’s a system no longer fit for purpose

This is correct. @Aubaslice it’d be lower earners picking up the tab if you want to match, are you happy to take it on?

Ours is more with 45% tax, NI and the loss of personal allowance but you know that already. You’ve been told enough times.

I don’t think I have. 🤷‍♀️

Yes you have. You’re always on these threads being told the same thing whilst sticking your fingers in your ears.

I’m not been smug about anything. That’s how I feel and I’m not going to change. The daily mail calculator says I’m actually going to be £450 better off, I imagine for dh it’ll be even more. We don’t need that money. I won’t be donating it to the Treasury. I will donate it to the local food bank though. If that makes me smug so be it.

Personal allowance £12570. Minimum wage job working 35 hours a week pays about £18000 a year, will increase next year.

That's the fundamentally wrong thing I think, not the marginal rate of NI or income tax.

Dd is going to be £1 better off. I shall tell her the good news. 😁

I'm not saying its earnt money, in fact I very much do not believe that housing should be for profit but I do feel that if my parents saved 50k over their lives, it shouldn't be used to help fund old Fred next door in the home who has never saved a penny, nor contributed in anyway shape or form.

And it is not true that you are funding better care, both the homes my grandparents funded had social in them, based on their locations and availability at their time of need, so don't kid yourself you're paying for what you get unless you truly are absolutely loaded.

Not kidding myself. My parents’ care home only accepted self funders, it refused to drop to the fee level the local authority was prepared to offer. Not that subsidising someone else would bother me anyway, it would just mean the kids inherit less.

It's not underfunded. It's chronically mismanaged.

The NHS doesn't need more money. It needs reform and better management.

I inherited my mums house years ago. There was no chance she'd go bankrupt or I and I've owned for so long it's not a factor in care home fees. Or inheritance tax. Not that a semi in Liverpool.is worth millions because its less than 200k.

If she needs care she'll get what she needs which on the face of it would at worst be what her neighbour who spent 40 years on benefits gets and is the same place private funded go.

I have private dental
Private medical

No kids so no skin in that game

I have everything I need from the system and won't pay a penny more than I have to until.it is impossible.to opt out of work and the consequences not be death or starvation. Too many people choose not.to work because

1. They chose to have kids and its not fair
2. They won't work antisocial hours
3. They won't work because they get the same on benefits anyway
4. They make themselves so unemployable.no one wants to pay them

Denmark’s top rate is 55%

I’m paying 62% marginal rate on a slice of mine.

You might be. The top rate is still 45% regardless.

Pfffttt... how long ago was the plan to have 1-2% extra on NI to better fund social care? Anyone else remember that?

That was my 1st thought. Social care screwed over, yet again.

ps: I stand to benefit by about £300 /yr from announcement today. Still not happy about it.

Buying food with it will " kick start the economy".

Yes and no @blossomtoes - the effect of losing the PA is to crank the effective rate up another 20%, which is particularly unfair (and yes I should have whacked more into my pension!)

I pay 45% tax I am spending my £550 on driving lessons for DD.

Well according to Norwegian sites, their top rate of tax 47.4% without NI contributions, which is more than the UK. Denmark is over 50%.

But of course, tax on income is merely one part. In Scandinavia there are heavy taxes on alcohol, on cars and other consumer products.

In reply to another poster, I would happily pay more tax for better services. I struggle to see an argument that suggests lower taxes sees an improvement to public services.

This is exactly the system we have now!

Im a high earner.

I want to pay more tax, not less, so that my kids teachers don't have to work two jobs to make ends meet.

Me too