Front page of today's Telegraph. Paper click baitCan you imagine the outrage
It is not that easy. To make a material difference it is the really super rich (not the middle classes) that really need squeezing. Unfortunately, they are very good at moving around assets in offshore trusts etc to avoid disclosure and recovery. The same applies with the big, international companies avoiding tax through registration in lower taxed countriesIf it was me I would change the IHT rules and tax inherited wealth far harder
Think everybody needs to chip in but they wont and the pensioners will fight all the way.Seems only right that those who have benefitted most from the rollout of the covid vaccine should be the first to start the payback of the costs.
Increase in pensions tax trailed as the likely start of the clawback by the Treasury.
Thoughts?
The squeeze will be in those in receipt of benefit and the public sector. Its already started with pay freezes announced. Super rich donate too much to be hit.It is not that easy. To make a material difference it is the really super rich (not the middle classes) that really need squeezing. Unfortunately, they are very good at moving around assets in offshore trusts etc to avoid disclosure and recovery. The same applies with the big, international companies avoiding tax through registration in lower taxed countries
Pension Credit is in place for those with savings below £16,000. That takes them to above rates of benefit, but £16,000 isn't a lot as lifetime savings, and won't last long.Pensioners who have saved a little, receive far less than a person on minimum wage or indeed living wage, as they do not comply with the top-ups to those who only have a basic pension. I consider myself reasonably OK due to other pensions and savings, despite Gordon Brown's pension grab when he was chancellor, but, unfortunately, savings do not last forever.
If it affects those with a pension pot of 1 million or above then no qualms from me.
Wealth distribution being a left wing philosophy that puts me back in line with the left again
Lala, you may be surprised to know that the reduction in size of the tax free pension pot has actually been under the Tories. It was twice as generous under Labour.If it affects those with a pension pot of 1 million or above then no qualms from me.
Wealth distribution being a left wing philosophy that puts me back in line with the left again
It isn’t I’m alright Jack though is it. It’s the left wing ideology of taxing the rich.I prefer just to say I'm all right Jack !!!!!!!!!!
Only kidding LALA but on a serious note, there is no such thing as a free lunch and this extended lockdown will have to be paid for.
I should be OK myself because as I have been against the lockdown and AVFTT law depicts that my conscious is clear and that I don't have to contribute.
I’m not surprised by that at all ! Others may beLala, you may be surprised to know that the reduction in size of the tax free pension pot has actually been under the Tories. It was twice as generous under Labour.
It isn’t I’m alright Jack though is it. It’s the left wing ideology of taxing the rich.
I obviously can’t win on this board. If i salute taxing the wealthier I’m accused of I’m alright Jack because I’m not wealthy.
And if I salute and promote hard work pays I’m accused being cruel and and wicked for judging others less well offf
That’s why I understand the conundrum of most governments and don’t stick to any certain ethic as though it’s a black and white science.
And also why I take politics on this board with a huge pinch of salt and float around the middle with an open mind
No offence taken at all.Apologies for the I'm alright Jack, it was me saying that.
I was only kidding LALA, I have no problem with your views on wealth distribution whether or not I agree with them, keep calling things as you see them and sorry if I was overly short.
No offence taken at all.
I think this just indicates and highlights further how you shouldn’t rationally really stick to a one party political view and how you will always get slated by the rigid stalwarts even if the policy fits their usual agenda, but isn’t delivered by their party of choice
I agree but I doubt that will happen TAM. Certainly not with the priviledged elite running the government/country. Turkeys don't vote for xmas do they?If it was me I would change the IHT rules and tax inherited wealth far harder
Maybe they could do bothIf it was me I would change the IHT rules and tax inherited wealth far harder
Tax on land & building assets needs to be increased over a £5m threshhold right now. That's where the ill-gotten gains of the mega-rich are going in London and other big city centres across the world.If it was me I would change the IHT rules and tax inherited wealth far harder
Benefitted most but also hardest hit, already paid with lots dying before their time, so how much state pension money has been “saved” by losing so many claimants?Seems only right that those who have benefitted most from the rollout of the covid vaccine should be the first to start the payback of the costs.
Increase in pensions tax trailed as the likely start of the clawback by the Treasury.
Thoughts?