Middle earners punished

[Eucalyptus321]

I am feeling so disheartened and frustrated by how middle earners are constantly suffering at the hands of ridiculous government priorities. My husband and I have a greater household income than other families we know but have less cash in hand due to increased taxes coupled with the fact we receive zero benefits like child benefit or tax free childcare etc. ZERO. If they want middle earners to fund the country thought tax then at least support us with childcare costs. It’s a joke that two parents earning £99k each get childcare funding but parents with one £101k salary and one £25k salary receive nothing. I just need to speak to people who understand the burden of raising a family amidst the current financial climate and then the potential of further tax rises!

Nope, I am still saying my mortgage, and the house was never cheap at all, especially considering its location. When my son was in nursery we changed to interest only as soon as he was in school, but as soon as he was out of it any surplus we had went into over payments, soon after my son’s father was not more.

Obviously for a long while I stopped buying coffee from Starbucks, going to the cinema or spending any money in branded clothes, expensive supermarkets or in family oriented restaurants in order to pay the mortgage but we never sacrificed on holidays or days outs. So it is doable, if you can manage some restraint. Thousands of people do.

💯 why sodding bother !!! Why work hard under labour- they take everything. We don’t own a 2 million plus house (no where near 😂 we’re in a 3 bed semi) but why are they allowed to just rob people who do. It’s like theft disguised as tax. People shouting tax the mega wealthy- it’s there money they have earned it - you can’t just take money off people!

Martin Lewis has explained over and over again. He explains the graduated system of taxation, how it’s calculated taking into account the personal allowance and he demonstrates very simply that the more you earn, the more you take home. There’s plenty of this on YouTube to show how it works.

Robbing people in 2 million houses? Hardly robbing them. Calm down a little and be rational.

I was responding to this assertion you made about people living comfortably on under £150k

Yes and a lot of them will be receiving UC towards their childcare and housing

FT nursery places in my area are £2k for unfunded places. Perhaps you should move here?

And the average lower worker is tax less by a greater margin.

No one is going to be happy about paying more and therefore having less. Even if they still have more than most. Even if it will improve society overall. My main concern would be that the 'extra' money generated would actually used to improve everything for everyone. I bet it won't be.

Exactly!👏

It is appalling you can work all your life and get a state pension after 35 years work and yet those that don't work at all get pension credit which is a "gateway" benefit and they get lots of other benefits then on top. So those non workers are better off than those who worked and paid in....it needs rectifying how can that be right! Work does not always pay.

Who on earth can have 6 kids in this day and age and afford it....either the ultra rich or those on the benefits.

It needs to stop those working get squeezed all ways....I've had it.

It's their home

Why do you believe that you are being punished by not receiving benefits ? The welfare system is for the most vulnerable not for people who “ have a greater household income “? Many people don’t receive benefits because fortunately they’re neither disabled or on a low income ! People on £99k should not need benefits to support their children .

I’m at the point I might as well jack in my job, go work in a minimum wage job and get topped up by benefits…seems the obvious solution to this

I'm pretty sure you can't get a nanny for £2.4 per month. Based on the lovely new NMW you'd be looking at 2.65k per month based on a standard working week. Not sure standard hours would cut it for a nanny neither NMW..

And yes! I have avocados for breakfast at least 3 times a week! 😂

Agree. I've done that calculation countless times. I'd be better off actually.

You could also earn more, and dump some into a pension. So could say work 16 hours @40 owe hour , but dump excess above nmw into pension. Have a play around with the on line tools. It's a total eye opener.

I'm not against a safety net. But benefits are more than a safety net.

I never thought I’d be the kind of person to say this but what is the point in getting a good career/middle income job in the U.K. now? What’s the point in going to uni to study to get into a ‘good’ career? Because it sounds like you’re still by horrendous cost of living, it’s still near impossible to get on the property ladder and it’s bloody hard work and expensive commuting everyday, just to be continuously hit by rising taxes. For what!!!!

How is anyone in their 20s, 30s or even 40s meant to get on the property ladder right now, particularly if you are living in an expensive city - which is where most of these ‘good’ jobs are. It must just feel you are living in some kind of simulation. What a joke.

I can’t even imagine having a family on top of this to provide for.

I don’t live in the U.K. at the moment and plan to not return for a while, it sounds bleak and I’m sorry to all that are having a hard time.

This is why high earners vote Tory. They are obsessed with everyone else having more than them and they delude themselves into thinking that people on benefits earn more or something mad like that. If you don't like the situation, then change it and take your kids out of nursery. Be better with money! Stop being jealous of everyone! I lived in London until 2018 and we were literally on about 16k each. We lived in a bedsit in zone 2, went to the theatre often, went on mini breaks, didn't claim benefits. We had a lovely life! Now we have kids, live in a 2 bed flat, both work part time, have loads of lovely family time, but we own fuck all! These are your own life choices, so stop moaning. You are going to retire with a massive expensive property.

We aren't allowed back into the country now because a load of arseholes voted for Brexit and we don't earn enough for my partner to get a visa, so I can't even go back to my own country. Stop being so snidy. Vote Tory if you want! They will make it completely impossible for me to ever live near my family again, all because greedy 'middle earners' like you don't want to pay tax or don't cut down your hours while your kids are young.

So many are gaming the system, don't work, don't want to work...claim benefits, have children and get housed by the council and/or social housing, UC, child benefit, free prescriptions, discount on their council tax, baby daddy lives elsewhere...I see it daily day. It is a lifestyle choice then the PIP which is whole other ball game

The mugs are those working paying for everything.

We are shat up in...the welfare state was meant to be a short term solution to help in times of need....it is now a full scale way of life for so many if you know what to do and how to play the game.

Sickening...there were never benefits like this in the 70s and 80s it has exploded off the scale. No incentive now to better yourself pensions taxed, savings taxed, study to get a good better paid job taxed more...taxed to death every which way.

Yes shame we can't pay nannies fuck all and make them live in the kitchen. We should be more like Singapore.

I didn't mean to quote you @Blogswife it wouldn't let me remove the quote.

Judging this thread jealousy is definitely coming from the other spectrum

Yes, I do know the ins and outs of their finances due to looking at them for the affordability check for the rent.

you miss the point about supporting my Dd through uni and paying for private medical treatment. I’ve had to pay for private medical treatment due to the nhs being so shit. Believe me I’d rather not . So yes, it’s annoying to be taxed so much and still not get any sort of service from the nhs. Instead I have to decimate savings or be in total agony potentially bed bound. Sadly I told my physio last month I can’t afford to come anymore, so that’s me fucked.

the student funding issue is also due to govt shitshow and them not keeping maintenance loans up in line with inflation. Yes we might be lucky we can help (to our detriment) but it’s not right that student loans (not handouts) are so low. What about the kids whose parents can’t afford to help? And don’t say they need to get a job…..there are hardly any due to companies cutting back like mad following NI increases and the fact that people aren’t shopping/eating out like they used to due to cost of living.

I studied for years to be earning not even 30k , husband earns 55 and we can barely get by . No help at all . But go and have as many kids as you want and never work and you’ll get it all. Now even my pension will be taxed whilst contributing and taxed again at retirement. It’s so wrong .

There are people who get a small workplace pension AND pension credit because the former is too small.

Where do you live that there is so much social housing they are housing people for simply having more children?

In my area, you'd be towards the bottom of the housing list for just having more children.

How old is your son?

is your mortgage still interest only?

I work in this area and this is generally ill advised. And unless you’re taking a forbearance measure you need a repayment vehicle