The Labour Government

[Churchlawtonblue]

I've never been a fan of party political conferences. Especially when in government. We don't pay them to pat each other on the back!

 

[mancityvstoke]

Interesting.

Golden oldies: Are one in five pensioners millionaires? - Full Fact

A quarter of over 65s live in households with wealth above a million pounds.

fullfact.org

Are you as happy finding pensioners who are on the edge of freezing to death in winter or scared to put their heating on?

Surviving on under £12,000 per year and unable to claim pension credit?

 

[mosssideblue]

Be surprised if they were daft enough to have the money in a bank account, would be better looking at their physical assets or under their bed.

Whichever way it’s done, I don’t expect it to be everyone claiming benefits

 

[BlueHammer85]

Yep. Return the sausages!!! I think we know what he's having for tea.

Hahah

 

[BlueHammer85]

Are you as happy finding pensioners who are on the edge of freezing to death in winter or scared to put their heating on?

Surviving on under £12,000 per year and unable to claim pension credit?

who said i was happy about that? I found the article interesting, that is it.

 

[Chippy_boy]

Good argument in there for higher tax on higher incomes. They'll still be better off.

Even with your maths.

Mathematically that is correct. The only issue being that the current top rate of tax kicks in at £125,000+ per year and a lot of people who earn more than that, have some flexibility in how they are paid, and will "rearrange" their earnings in order to pay less tax if the rates go up too much.

Last time we increased the top rate to 50%, the tax take from the demographic impacted, actually went down. And I think - though I am not 100% about this - it went up again when we reverted to 45%.

 

[TinFoilHat]

Starmer played the flute.

Figures.

 

[Vic]

The fuck are you banging on about pensioners all being rich for? Are you that thick?

They're not all poor, either. Going round in circles, but of course no-one has said all pensioners are rich. Just that most are not poor.

Pensioners now earn more than working-age population, report finds | Commentary and insights | Tools | HR & Compliance Centre.co.uk

hrcentre.uk.brightmine.com

 

[Kompany Car]

Mathematically that is correct. The only issue being that the current top rate of tax kicks in at £125,000+ per year and a lot of people who earn more than that, have some flexibility in how they are paid, and will "rearrange" their earnings in order to pay less tax if the rates go up too much.

Last time we increased the top rate to 50%, the tax take from the demographic impacted, actually went down. And I think - though I am not 100% about this - it went up again when we reverted to 45%.

There are a reasonable number of salaried people who fall into the +125k bracket. What they maybe should do is limit the amount you can bung into pensions for people earning above that amount. E.g. for every £2 you earn above 125k, your allowance for your pension contributions reduces by £1 until it reaches the old threshold of £40k.

To be honest what they should do is just charge the income tax regardless based upon salary/earnings and then tell people they need to claim it back. Its a bit underhanded but there would be a lot of people who wouldn't have the inclination to claim every bit back (hassle vs effort).

 

[Churchlawtonblue]

They're not all poor, either. Going round in circles, but of course no-one has said all pensioners are rich. Just that most are not poor.

Pensioners now earn more than working-age population, report finds | Commentary and insights | Tools | HR & Compliance Centre.co.uk

hrcentre.uk.brightmine.com

The Chuch of England is rich when it comes to estate and land but they don't have a pot to piss in when it comes to cash in the bank. Big difference.