Who loses with a Tory victory?

sjaypink

I think in terms of Tax Credits, although many people receive them, it is those with a gross income of below about £20k that are the only ones likely to be swayed.

I'm not sure what you mean by pensioners either? What do you suspect the tory deal is there?

StevieJ

sjaypink wrote: »

I think in terms of Tax Credits, although many people receive them, it is those with a gross income of below about £20k that are the only ones likely to be swayed.

I'm not sure what you mean by pensioners either? What do you suspect the tory deal is there?

Don't know but removing the age allowance and reverting to normal PA a possibility and removing fuel payments a certainty, could also means test state pension.
I do think some (not all) pensioners are on a good deal at the moment, but it doesn't mean they will want to lose that.

aelitaman

StevieJ wrote: »

Worded even worse

Another quote from that article, still not convinced?

Mr Willetts declined to be drawn on any specific policy recommendations, saying he shared the Conservative party view. But he said it was clear baby boomers needed to make sacrifices. “My view is that boomers are not so selfish that they will not make sacrifices.”

No because all you are providing is innuendo.

Also a baby boomer is defined as being born between 1946 ad 1964 so very few mainly women are even pensioners yet.

ukcarper

aelitaman wrote: »

I agree with the IHT thing, I worded badley. The pensioners will not be better off ut it is a penioer vote winner.

It won't win my vote and I own a 4 bed detached in surrey but still wouldn’t pay any inheritance tax if I died now.

ukcarper

StevieJ wrote: »

The way it is going it will probably be cheaper than linking to RPI

True I knew they must have had a reason

aelitaman

StevieJ wrote: »

Don't know but removing the age allowance and reverting to normal PA a possibility and removing fuel payments a certainty, could also means test state pension.
I do think some (not all) pensioners are on a good deal at the moment, but it doesn't mean they will want to lose that.

So if they means test pensions and winter fuel payments and say you have to have assets over the new IHT limits to be excluded.

Would a pensioner say I will take the winter fuel but pay 300K in inheritance tax or would they vote to save 300K in inheritance tax and lose the 250quid per year?

sjaypink

aelitaman wrote: »

So if they means test pensions and winter fuel payments and say you have to have assets over the new IHT limits to be excluded.

Would a pensioner say I will take the winter fuel but pay 300K in inheritance tax or would they vote to save 300K in inheritance tax and lose the 250quid per year?

Huh? What are the IT limits & rates? I doubt anyone will be paying £300k

ukcarper

I thought means tested benefits were the main hate of a lot of people on hear my mum gets no pension credit because my dad stayed contacted in on national insurance and had a small pension. She is not far above minimum figure for pension credit so is only marginally better off that those who did nothing giving them the winter fuel payment and not her might well mean they are better off than her.

aelitaman

sjaypink wrote: »

Huh? What are the IT limits & rates? I doubt anyone will be paying £300k

IHT is currently payable on estates over 325K at 40%.

Torys say they will raise this to 1 million. Currently a 1mill estate pays 1mill - 325k = 675K

675K x 40% = 270K in IHT payable.

ukcarper

sjaypink wrote: »

Huh? What are the IT limits & rates? I doubt anyone will be paying £300k

I think its £325K too late