Not an ordinary working person if you earn over 45k

[TesChique]

Disincentivising anyone to strive to earn over 45k a year is a bizarre strategy for growth i feel

Aibu?

You're kidding yourself. People on the graduate programme at my work join us with 0 experience, straight out of uni, on about 36k outside London, and we are very much middle of the range on pay. Sure, some people will be in professional roles on 30k, but it's certainly not a good professional salary. My first professional job 25 years ago paid 26k, at a time when rent on a 2 bed house in an expensive SE town was £650/month.

That's not how economies work. You can't just tax everyone at the point of earning and leave nothing to be spent. What then happens to businesses when there is no disposable income left? What then happens to workers when those businesses can't pay them?

It was a treasury source giving information to the deputy political editor of sky news. He revealed it on his pod, and wrote the article that you are dismissing.

Good to hear.

You are free to make additional voluntary payments to HMRC, of course.

Or give to charity.

Sure, I guess? Never met anyone in that position. Happy to tax anyone who earns enough to be on higher rate. Doubt they are destitute.

The fact that your parents could gift you 10k for the deposit is a privilege in itself and not one most people earning 45k could do for their own children.

So we should tax everyone until they are destitute?

Please pay more to HMRC, don’t wait.

Ok, 6 years rather than 5.

And that's the payscale excluding London.

You can pay as much tax as you want right now, via voluntary contributions. George Osborne would even write and thank people that did so personally, but I can't vouch for Reeves.

Yep, the pp can even do it online, and choose where it goes. If she's lucky, she may get a personal thank you note from Reeves as George Osborne used to do.

I'm sure they will appreciate that extra couple of grand and it will really make a difference. Meanwhile, the country is bankrupt, councils are bankrupt, kids are miserable and if you have middle or above earnings youre alright jack. Until you aren't and then who do you come to, to fund you in your old age, to look after you when sick, to stop crime, to collect your bins, etc etc etc.

Well, someone upthread posted she gets UC on a salary of £47k. I’m not commenting on the rights or wrongs of that, except to say that the Government algorithm clearly thinks she needs it. So should she be taxed extra because she earns more than £45k, less because she’s on UC, extra on the UC amount…?

I hope this is Sky News talking bollocks tbh.

No, I’m simply keen for evidence-based thread subjects.

I think Reeves would appreciate it gratefully. She's trying to fill a massive black hole. No time like the present.

Here we go!

You can give a donation to the government via the form of a direct bank transfer. To do this the potential donor should write to Her Majesty’s Treasury (HMT) at [email protected] specifying that they wish to make a donation towards public expenditure and lay out the value of the donation and the planned date of the donation (which must be seven calendar days in advance).

The donor must also confirm that the money is theirs to give and is not derived from crime, money laundering or other illegal activity; additionally the donor must acknowledge they cannot request a refund of the donation once it has been made. HMT will then provide details of the bank account and reference to be used for the donation. HMT also does advise that the gift cannot be ring-fenced for a specific purpose or assigned to a specific area of public spending.
Donations can also be given specifically to reduce the national debt. To do this all the donor needs to do is download, complete and submit a form to the United Kingdom Debt Management Office (DMO). More information on donating to the government is here.

PS. The national debt is currently GBP 2.9 trillion, so please, give generously!

The fact that you think the government would choose to spend additional taxes on those things demonstrates quite how naive you are

They will appreciate it. It all helps.

Oh crap, shouldn't have done all that crime

This is pretty much a top of the range teacher salary. I’ve been teaching 20 years and earn just over this. Unless you go into management, for primary school teachers at least, it doesn’t go above £50k outside of London. All these people saying they earned this after 2 years in the job 20 years ago really depresses me to be honest.

We’ll be waiting a while.

What kind of crime have you been committing in nursing?

'Money where your mouth is' springs to mind here 🙃

But my understanding is that you don’t automatically go up the pay scale in the way you did. Both my sister and niece are teachers. We had a discussion this summer about how it was automatic for my sister but how my niece now needs to justify it and that most teachers she knows only move up every two years. So, that scale could take 10 or 12 years rather than 6.

@CheeseChamp I work hard. My DH works extremely hard for his salary. He's in the top tax bracket. We don't want to contribute a single penny more. We are just biding our time till we leave the UK and never return.