To be honest, I don’t mind it being means tested, but don’t think it should just be a cut off at those on benefits. My mum is now on a single pension and other bits of pensions take her just over the pension credit/ benefit threshold by about £500, some of which is now taxed. It’s tight for her hardly affluent and the £400 cut will hurt.It was a sneaky bit of patronage. They will be bringing fuel bills down through the investment in green energy. so they don't need to give Bribes to affluent, Tory voting pensioners.
She's pulled the winter fuel allowance. Millions of people will now be dreading the winter.She is going to make it easier for people to apply for pension credit , thousands are entitled to it but havent claimed it , martin lewis talks about it all the time , if they can get that done they will get the winter fuel allowance , at least post the details even if it pains you
Are you going to be a lying pain for the next five years ? LolShe's pulled the winter fuel allowance. Millions of people will now be dreading the winter.
Admit it, even it pains you.
And that is to be commended. But there are many, many people who are not on benefits who really need the winter fuel allowance. This is not good. No matter how it is sliced. Working class people will suffer this winter due to this Labour policy.There are many, many people like myself who don’t really need the winter fuel allowance; I usually gift to a homeless charity.
Agreed. Only way is to means test it but not sure how you would o that.And that is to be commended. But there are many, many people who are not on benefits who really need the winter fuel allowance. This is not good. No matter how it is sliced. Working class people will suffer this winter due to this Labour policy.
Exactly. It really is a cruel blow to millions of working class people.To be honest, I don’t mind it being means tested, but don’t think it should just be a cut off at those on benefits. My mum is now on a single pension and other bits of pensions take her just over the pension credit/ benefit threshold by about £500, some of which is now taxed. It’s tight for her hardly affluent and the £400 cut will hurt.
But, as is so often the case, the Tories will convince their constituencies it is by saying “when you become rich, do you want to pay this”?
No. But my 90 year old mother-in-law is going to be very cold in the coming winters...Are you going to be a lying pain for the next five years ? Lol
The rising wealth inequality, primarily fuelled by property and equity acquisitions and speculation also had the consequence of seeing real tax contribution fall for the top wealth deciles (which is the tax contribution if the additional wealth had been income instead of assets).The pandemic also saw the very rich get richer as well. We're headed back to Dickensian times in terms of the distribution of wealth.
The way I read that is individual possessions worth over 6k. Presumably aimed at stuff like art, jewellery, watches, etc. I don't think I own anything worth over 6k by itself.What you pay it on
You pay Capital Gains Tax on the gain when you sell (or ‘dispose of’):
- most personal possessions worth £6,000 or more, apart from your car
- property that’s not your main home
- your main home if you’ve let it out, used it for business or it’s very large
- any shares that are not in an ISA or PEP
I wouldn’t say owning assets above £6k can be defined as being rich….nor having shares outside an isa or pep..
A general idea yes, but he did say there were hidden extrasThey would have had a general idea without knowing details I would have thought….
Who was defining being rich as “owning personal possessions above £6k”?What you pay it on
You pay Capital Gains Tax on the gain when you sell (or ‘dispose of’):
- most personal possessions worth £6,000 or more, apart from your car
- property that’s not your main home
- your main home if you’ve let it out, used it for business or it’s very large
- any shares that are not in an ISA or PEP
I wouldn’t say owning assets above £6k can be defined as being rich….nor having shares outside an isa or pep..
Claim pension credit for her , it is an very unclaimed benefit and the gov are doing a push on it , rightly soNo. But my 90 year old mother-in-law is going to be very cold in the coming winters...
It’s from the Govt website so no idea …The way I read that is individual possessions worth over 6k. Presumably aimed at stuff like art, jewellery, watches, etc. I don't think I own anything worth over 6k by itself.
And whose fault is that exactly?The winter fuel allowance has gone then. Unless you are on benefits of course.
Reeves is Margret Thatcher in disguise.
I lost it but fully understand the need why she needs to raise money.She's pulled the winter fuel allowance. Millions of people will now be dreading the winter.
Admit it, even it pains you.
I think there is an element of economic sleight of hand going on with the tax bands remaining the same for so long. The triple lock looks like it will now put pensioners into the top band, and 30-60k is now where a lot fairly ordinary earners sit. My own job now puts me firmly in the 40p tax bracket whereas it was nowhere near that 10 years ago. Granted wages have gone up but nowhere near as much as prices and property so we are all getting poorer in real terms.The rising wealth inequality, primarily fuelled by property and equity acquisitions and speculation also had the consequence of seeing real tax contribution fall for the top wealth deciles (which is the tax contribution if the additional wealth had been income instead of assets).
Now, after Labour’s win, there is a a considerable market for tax avoidance services for the wealthy, including scheme for offshoring asset holdings.
In the interest of disclosure, I would be considered within the top 30% (even after my early forced retirement), and even I know my taxes are far, far too low, especially on my assets. I don’t employ any sort of intentional tax avoidance schemes, primarily because I am strongly ethical opposed to them as I see them as one of the reasons we are in this mess in the first place, but I also haven’t been paying more than my tax obligations, either. And that’s because I wasn’t going to give the Tory government a pound more than I was obligated to and watch them or their puppet masters pocket it at the determined of the country.
I will, however, gladly pay higher taxes if Labour are able to institute them and it is obvious they are being used responsibly. That is especially the case if they could relieve the burden on those in the lower wealth deciles who are really struggling with the cost-of-living crisis.
I can’t take it with me, as I’ll likely see sooner than than later, and my family doesn’t need more.
But many others do, because they have been harmed by the last 15 years of incompetent, corrupt governance.
Avarice is the root of much of the evil in the world today and the Tories have been a diabolical example of it.
The admin costs to make it means tested would outweigh the savings, it has been looked at and costed previouslyAgreed. Only way is to means test it but not sure how you would o that.