Andy Burnham should put the damn social care tax on landlords and big occupational pensions

[CurdinHenry]

Why is it always workers who pay

Presumably landlords do pay income tax, so do pensioners of which I am one. I believe in social care and am happy for my tax to contribute to it, I may need some help one day.

I looked into doing this.

But you "lose" the money (or asset) the day you put it into the trust fund. From that day onwards that money is no longer yours. Meaning you make yourself penniless on the blind hope you wont ever need the money.

Trust funds - for people with more money than they will ever need.

Trusts are for those who can afford them. For people asset rich & cash poor not so much

To me that includes people who don't work, but could, working. Make people do something in exchange for their benefits, and a lot of resentment towards UC claimants would vanish.

Since Labour came to power in 2024, 450,000 millionaires have left the UK. These people were paying a lot of tax, both in absolute terms and proportionately.

With them gone, everybody else will have to pay more tax.

This will only get worse. The national debt is £3T, the interest is ~£150b a year and we are borrowing that too.

Fecked.

Oh I totally agree that carehomes should be government run or at least not for profit. I think inheritance tax would be on everything, not just houses etc, but savings and anything else. You obviously can’t tax people on something they don’t have though …I’d rather leave a house to my kids and pay inheritance tax than not have a house to leave at all.

Landlords are selling up due the the new renters rights. Tax them more and they’ll be hardly any left so rents will increase with demand?

@TheFrendoWhat?

450k millionaires left the UK in the last 2 years?!

You need to check your figures! 😆😆

AB wants 10 years. Who will be left to soak by then?

@Digerydontnot sure why you have quoted me?

No, there's no time limit on Deprivation of Assets. The 7 years refers to inheritance tax. Local councils will go over everything to see if a person has the means to pay towards their care and can claw money back if there's been an attempt to dispose of assets or cash.

Are you working for the governments nudge unit OP?

You do realise it's workers who have occupational pensions, usually having contributed heavily during their working lives?

How much do you contribute to your pension currently?

Tax is absolutely fine when it's then spent on us

I agree, @happyjoe, but all too often the very services and people who need it are the last to actually see any of the money

There's a touching faith that the state, if handed even more money, could solve everything for us, but I'm afraid it's not a faith I share - at least not with the way things are currently set up

Neither the person with assets or the person without contributes. Because they are both dead.

I 100% agree with taxing wealth rather than income with IHT being a case in point. I am sure there are brilliant people working on different models as we speak. But this has been happening for years.

What this really needs is a good communication strategy about the model that is chosen as to why it is the fairest and most equitable. And then hope that people don’t selfishly choose the option that appears to impact them least - or by falling for the latest low cost lies party.

My reason for excepting between husband and wife (include same sex etc) is because there is a state sanctioned partnership to share assets. So the tax should be applied after both have died.

It is not to punish anyone - just recognising the joint ownership in this instance.

if it is a punishment, it is against those who live together, but have not formed a civil partnership or marriage. However, this is usually a personal choice, as is the decision to leave everything to charity.

But I think the million pound exemption ( when two parents leave a home to children or grandchildren) would be lifted so it’s swings and roundabouts really. You’re better off with ten percent of that than zero. The very rich will always have professional inheritance advice no what you do.

@TheFrendo

Do you have a source for that statistic?
I think you may be out by several hundred thousand

In my opinion we need to look at the money being made by the private companies running care homes and children’s homes. Take it back into public ownership.

They will be no source because it’s absolutely nonsense

Council run care homes used to exist, then the local authorities slowly closed them all and adopted the 'rent a bed' approach instead. I was an administrator for a group of 6 council run care homes, by 2015 they had closed them all

@magnomam

I know, but I like to give people a chance to evidence their claims

I did too but I assume they realised it’s nonsense & scuttled off

Oh my goodness me too! 30 000 barely covers six months in a middle of the road carehome.