Tax increases imminent

[Iwishicouldflyhigh]

Heavy hints that taxes will rise in the next Budget after the recent climb down (as the ‘taxes won’t rise again’ was based on a 5 billion saving in benefits).

I can’t lie, I’m so pissed off about this. I don’t think anyone wants to see someone who is genuinely unable to work to be further penalised, but we all know there are thousands of people who could work but don’t.

this country is going to absolute shit . We pay more and more for less and less.

I certainly don't want to pay more tax as a household but that doesn't mean the future isn't tax rises & cuts.

We have an ageing population and services that are already struggling....

Tbf I thought you’d stopped replying. What happened?

You seem keen for a start.

But yes you’re in the minority I agree.

@EasternStandard I think you are confusing me with another poster or is it a comprehension issue?

Not at all. It was you who said you’d stop replying…

And on taxes arguing they should happen despite a GE pledge

And on taxes arguing they should happen despite a GE pledge

Acknowledging that taxes will likely be increased doesn't mean I want them to. Do you understand the difference?

Taxes will rise even if Labour do nothing further because of the frozen tax bands that still have a few years to run. Thats a fact...

But yes you’re in the minority I agree.

Says the Reform fan! 😆😆

Can you quote anything to do with the last line @bookdook? You are likely following another poster.

Whatever you’re wrong. Nice try though perhaps best to go back to your earlier proposal of not replying.

There must and will be tax rises. How else is the fucked economy bequeathed by the Tories going to be remedied?

Oh, and yes the Tories knew this;,to so really screw the economy in order to guarantee a one-term Labour government.

It's called scorched earth policy.

Pension credit isn’t just paid to those who haven’t saved for retirement. The threshold for claiming it is set very low and it supports those who are on old style state pension, the rates of which are substantially lower than the new state pension. It’s income based and allows for a certain level of savings, but again the threshold is low. There are many reasons why people may not have been able to save for retirement, not just fecklessness.

AA is anything but easy to claim. It’s the equivalent of PIP in that it assesses the cost of disability but the assessment criteria are different because claimants are not of working age. And there is no mobility component - the assessment only looks at difficulty with personal care and daily living. And for AA the claimant has to be able to demonstrate that the difficulties they have are down to actual disability or health condition and not just the effects of age.

In the main AA pays for low to medium level care needs and family or friends can claim carers allowance if they satisfy the rules for care provision and earnings limits. The alternative for a lot of pensioners would be social care provision which would cost the tax payer much more.

MN never ceases to amaze me. The first port of call for cuts is always the vulnerable who can least afford to shoulder the burden.

Oh yes, the cuts to NI, not funding public sector pay rises and setting aside nothing for PO and Blood scandals were all done to wreck Labour... Criminal behaviour, as it isn't really harming Labour but harming the UK... if only there was a law against that...

However...

Revenue can increase without raising VAT, Income or NI.

Reform Council Tax banding for the higher rate bands?

Unearned income?

Make permanent energy & banking company windfall taxes....

VAT on private jets/helicopters.

Starmer did say "the broadest shoulders after all.....

& why on earth is the Govt funding billions for free childcare, much of which wont be delivered... instead of dealing with why the K has tthe most expensive CC in Europe and the 5th highest in the world!

Funny why no one is suggesting cutting this but Pip instead...

Rachel Reeves: Taxes will rise to cover scrapped welfare reform

https://www.thetimes.com/article/9466ce73-ea71-4025-bd4e-bddbaf538d7b?shareToken=d9f7ab042ab817abe7601d9755670181

not exactly shocking news!

Tax rises are inevitable when we have and aging population to support. Other unpopular options are to increase retirement age.
I think the ultimate question is WHO pays the extra tax. I think it needs to be the super wealthy

You don’t pay tax on a standard state pension. What you pay tax on is occupational pensions and possibly any enhancement you might get via the now defunct SERPS scheme. The new state pension is still less than the personal allowance.

I am so confused by all of this.
So there are these developing countries full of young strong people who could work loads and create loads yet a lot of them want to come here and the systems they have often do not know how to capitalise on potential youth and talent. And then you have an increasingly ageing population and dying welfare states all over Europe because of it and democracies starting to collapse as a result of it all. There have to be better solutions for humanity.

Can you quote anything to do with the last line @bookdook? You are likely following another poster.

But I already asked you first to or is it only you that gets to accuse posters of things they haven't said?

Whatever you’re wrong. Nice try though perhaps best to go back to your earlier proposal of not replying.

I thought I asked you stop replying to my posts pages back as you were adding nothing of note? It took me a minute to realise it was you as I had forgotten about you! I will go back to ignoring you 👍🏼

I think they’ll feel the backlash on scrapping a major manifesto pledge if they do this.

Brilliant.

don't get pension credit, just state pension and yet have to pay tax on it

You aren't paying tax on your state pension

I suspect they know it, but at the minute, the left of the party is wagging the dog, and they aren’t winning another election without a radical change in direction….we may have a top team with not a lot left to lose.

On the subject of discounts, I just looked at entrance into Kew Gardens. It is £25 for an adult, £20 for a pensioner and £1 for benefit claimants!!

The full new state pension is currently £11,973 per year, of your pension income exceeds that, you’ve either reached pension age before April 6, 2016, and have a starting amount higher than the new state pension, or you’ve built up additional state pension by your own contribution or that of a deceased spouse. Either way it’s above the tax threshold.

Excuse me I think I know whether I am paying tax or not and I am and I am bloody furious about it. I have no private pension and no other income

I think the ultimate question is WHO pays the extra tax. I think it needs to be the super wealthy

Trouble is they are mobile and you really need cross country solutions to target them

State pension is £230 per week. That’s below the personal allowance threshold. If you are paying tax you must have another source of taxable income coming in.

It’s just been explained to you twice that you’re not paying tax on your basic state pension.

I am bloody furious about it.

You are furious about paying tax on £600?