To ask what you'll be doing to avoid the Labour tax hikes

[OptimismvsRealism]

Pension contributions
Gift aid
Selling my shares now while CGT is relatively low

What really worries me is that all the professionals we actually need to want to be here will just fuck off elsewhere, though.

It's not like we're knee deep in hospital doctors.

All these saintly people happy to pay more tax. Well I am not one of them,.

It is a financial choice but I have to say that planning to be able to financially support yourself in old age is also a moral obligation if you can afford to do so.
People without pensions cost the state money.

Not a thing. The attitude to tax in this country is insane - we want fully funded public services but don’t want to be the ones to pay it.

I will happily pay more if it means people on disability no longer receive sanctions or fit to work notices on their death beds and children can make it to adolescence with all their teeth in place.

There a few threads like this knocking about in what seems to be nothing more than anti Labour bias from ‘not a Tory voter’s which is bullshit. And somehow equating earning more with being a harder worker and being more deserving to keep as much money as possible but still want to benefit from the public purse.

We are in the shit because successive Tory governments pandered to the anti tax hikes lot at a cost to the most vulnerable in society.

False benefits and disability claims take a minuscule amount from the tax we pay. Far FAR more has been spaffed on get rich quick schemes for mates. Baroness Mone anyone?

Part of the deal when becoming a higher earner is paying more to level the playing field for those at the bottom.

I remember the changes the last Labour government made in the 90s and early 00s and it was a hell of a better use of tax payers money than Billy Bunter and Lettuce Liz managed.

I’m in Scotland and utterly loathe the way the breathtakingly incompetent government hoses our higher taxes at their pet projects while real things - like ensuring schools in Glasgow have enough teachers - are conveniently forgotten.

People don’t leave Scandinavia because in Scandinavia public services are good. Public services are good because everyone works and pays taxes. There’s no nil rate band or tax credits etc. Everyone works hard and pays in. So many people in Scotland - Glasgow especially - have no work ethic. The benefits bill is massive. That’s why we are not Scandinavia and we won’t be Scandinavia without a total reversal in attitude to work.

Better public services? You'll be paying more tax then on your 130k

We’ll be taxed more to pay for the Union salary settlements. I’d gladly pay more for better public services, but I don’t trust this lot to spend well. If you chuck enough at a problem of course you will improve things, but will they get good value for money? I very much doubt it. £70k basic for train drivers is ridiculous, barely any training needed. Public sector provisions do out of line with the public sector, they used to get this for smaller salaries, now they get better salaries for standard jobs too.

If you have private health insurance, why are you even discussing the state of the NHS? You’ve done very, very well to get to where you are - well done. However, it seems like you’re also biting the hand that feeds you (ie criticising the NHS, which will care for you if you need it to, although you don’t actually need it). Your post just seems to be in bad taste.

And do your team want to move to NYC? Are the tax savings that great that it's worth moving your family? Taking children and spouses away from friends and family.

Difficult decision I imagine

Good for you. As long as you’re private all the way, I’m fairly sure our taxes go some way towards subsidising you. So it’s nice to know you’re one of life’s takers.

People will take more unpaid leave and/or reduce their hours if higher rate pension relief is reduced. Might as well enjoy leisure and free time now at working age than even less take home pay and future pension pot, which will mean less doctors and medics, as well as any other profession where it’s easy to work part time.

@OptimismvsRealism If you were in charge, what would you do differently?

We need more money being paid in to unravel the damage that has happened over the past 14 years. Therefore, if raising taxes is a no, what is the solution?

"Looking at the offer of transferring the team to NYC office."

😂

Yes. Many have gone in other teams already. Lots in the industry who work in globals have done the same and transferred to their preferred office. It’s really not that hard a decision when you’re paying huge amounts of tax, getting 0 in return, the promise of more pain for doing well, lower salaries when compared globally and you’re a national cash cow.

Better quality of life and a much higher standard of living in many countries now. Especially if you have a modern skill set.

Oh and in America, you’ll pay less tax, will you? And you’ll uproot your employees just so you can pay less tax? Nice. Crack on.

Income Tax thresholds may be changing 🤷‍♀️

😂😂 ‘a national cash cow’ with a ‘modern skill set’ 😂😂😂

Has Gordon Gecko suddenly taken over this thread or what?

What on earth are you on about? Such a wankerish comment. You have really made your own scenario up from two lines? I have been a high paying tax payer for most of my life and it is sickening that Labour want to take even more from those who work hard to subsidise those who sit on their arses doing nothing.

Tell me you don’t know anything about modern day global companies and roles without telling me. This is why the UK has poor productivity. No aspiration. Very Little Britain.

Because I have a pre-existing condition my private health insurance does not cover.

I understand people's pride in the NHS. It was something to be very proud of many years ago, but the politicians are fooling you because it no longer is. They have mismanaged it for many, many years and instead of looking at other countries to see how they do it, a culture of private healthcare is creeping in which cannot be good for anyone going forward. I don't believe they intend to fix the NHS. They will throw some money at it, waiting times will reduce, doctors will earn a bit more but still not enough, but it will never be what it was.

I can answer that - the solution is to emigrate and let everyone else pay more tax.

Tricky one in that it’s not I object to paying more tax as a higher earner, I understand and appreciate the social contract etc. it’s more being aware of the massive tax loop holes of companies like Amazon, Starbucks even Greggs and the massively increasingly growing gap between company profit and wages/tax paid in the countries it’s earned.
i can’t help but feel we’re robibing Peter to pay Paul and ignoring King Midas in the corner!

I know quite a few doctors who have left to Australia and decided to stay. Britain is becoming less and less appealing.

My friends who say this are all net recipients which means it isn’t quite the morally superior, selfless statement they think it is. If you are rolling in spare money that you want to give away then that is great.

Absolutely nothing. I am a higher rate tax payer and live well within my means so it’s likely not to make much difference to my life to be honest

I know four doctors socially (one GP, two consultants and one junior), we're in Scotland and none of them are planning to leave for a lower tax country. Some might burn out before retirement but none are moving, they are starting families and settling down.