Westministenders: Promises, promises

[BigChocFrenzy]

We should see the party manifestos soon
in 2017, that changed the election

So far, Tory and Labour have been competing for who can offer the most spending on the NHS

Labour have been giving tantalising glimpses of free dental care and free broadband

The Tories have been hinting at tax cuts, as well as public spending

The polls suggest the public like all of the above,
but also that Brexit is the most important issue

25 days to go, still all to play for

Westministenders' Abbreviations:

www.mumsnet.com/Talk/eu_referendum_2016_/3492426-Westministenders-Abbreviation?msgid=84503730

Ciaran Jenkyns was great tonight - calmly stared him down. 😁

@ClashCityRocker and it’s so bloody complicated to try and explain it to non-doctors. I gave up the other day trying to explain about the increment and how the multiplication factor means that in an increment year you’re basically screwed.

Gove was there with Alister Jack Scottish Secy and Brexiteer farmer and arrogant shit. I hope he's oot at the election.

Absolutely. At least the local clinical excellence rewards are no longer pensionable.

It's hard enough explaining it to doctors!

One thing I have noticed is them talking about 'the biggest cash injection' ever seen.

In money terms, that may be true. But in percentage terms, it may be false.

Budget £100 - 10% increase is £10
Budget is £1000 - 5% increase is £50

Yes - the second example is a much bigger cash increase than the other, but it's a low percentage than the other.

You can increase funding by a low percentage (e,g with inflation) but still claim it's a large cash injection.

That Gove thing really pissed me off.

The 1.9 million more children in good and outstanding schools statistic has been criticised.

There are more children going through education - so there are going to be more children in schools.

Good and Outstanding schools aren't inspected as much - so it's hard to know if those schools are still good or outstanding.

At least that's been recognised by Ofsted now.

LibDems have just released their party manifesto

Heading with "Stop Brexit, build a brighter future"

https://d3n8a8pro7vhmx.cloudfront.net/libdems/pages/57307/attachments/original/1574251172/StopBrexittandBuilddaBrighterr_Future.pdf

Good god, that Ciaran Jenkins interview was the best piece of journalism I've seen in a long time. Well done that man.

Except @Motheroffourdragons any reasonably organized company has understood the tax rules and set up perfectly legal sub systems to manage this already. As huge tax bills on pension pots aren't going to keep experienced staff.
These pension pots are what are likely to ensure the last generation of final salary pension scheme workers pay for their own social care.
If you degrade pensions you are simply placing the burden of caring for these people in old age from themselves to the state. Given that they and their employers are okay with carrying this cost, it seems perverse.
It should also be noted that a seemingly huge pension pot won't pay out that much a year considering nursing home costs.

Can anyone say a bit more about this, and the LEL, please? Some of you are pretty awesome tax boffins. I'm not - but I'm worried about the implications of this esp for female workers on post-maternity part-time working

C4 news reporting that the NI threshold increase might be to £9k with £12.5k being “aspirational”. No mention of whether this is the LEL or the primary threshold though.

New mums etc will be OK as long as Child Benefit continues to provide NI credits for children under the age of 12.

Themotheroftax

The amount of tax, plus interest at cpi + 3% potentially over thirty years. As I said, 10k interest on a 20k tax charge assuming inflation remains at this current relatively low level.

And that's if they get a scheme pays election in before the deadline - which is often before they know what their pension savings are and in the case of GPs in partnership (which is most GPs who have completed their registrar year), often before they know what their income for the year is.

If they don't get a scheme pays election in, based on the sum total of no information, tough shit. It doesn't matter whether you are paying more tax then money you've earned that year.

This is if nhs pensions actually tell you you've exceeded, or bother to issue a statement. I have requested over 300 statements for various medical professionals for the 2017/18 tax year - as in the year ended almost 18 months ago. So far, I have received 52. The scheme pays election deadline was 31 July 2018.

It is perverse.

D'oh! Sorry that should have been themotherofdragons.

Tax on the brain!

Cross post @Motheroffourdragons,
You are right Gordon Brown started this as way of getting easy money in the short term.
Much as I actually warm to the man he did have a bad habit of doing this.

motheroffourdragons sorry!

No, it came in 2012.

Then the threshold dropped to £40k in 2014.

Then the taper came in 2017.

It's not a great tax anyway, but it is worse for doctors because of the taper and the way NHS pensions operate.

Bare in mind a significant proportion of doctors are not employees - they're self employed - locums, out of hours workers, GPs in partnership. This means they don't actually know what they are earning until after the tax year end, and superannable profit (the amount that dictates, along with cpi, what pension growth is) isn't calculated until almost a year after the tax year end, and isn't processed so that a pension growth statement can be prepared until.... Well. Far too late to do anything about it.

Jesus, the final lump sum is not just less! Not for doctors.

Many of them are in the situation where they are having to pay this tax now.

@ContinuityError thanks for that. One to watch.

Sorry, tapering came into effect in 2016.

Remember when me and other posters were called ridiculous to suggest the Libdems would support the Tories again, am I hearing that interview wrong?

twitter.com/i/status/1197237423605997568

www.manchestereveningnews.co.uk/news/greater-manchester-news/four-issues-general-election-debate-17290015.amp?__twitter_impression=true
The four huge issues being overlooked in the General Election debate so far

Crime, Housing, Buses and Social Care in case you are wondering