Who loses with a Tory victory?

StevieJ

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?

How many pensioners are going to be paying 300k in IHT That would mean their property would be worth between £1.175 and £1.4 million :eek:

Since October 2007, married couples and registered civil partners can effectively increase the threshold on their estate when the second partner dies - to as much as £650,000 in 2009-10

Graham_Devon

StevieJ wrote: »

How many pensioners are going to be paying 300k in IHT That would mean their property would be worth between £1.175 and £1.4 million :eek:

Plenty who live in London

It's like a punishment tax if you happen to live there.

CLAPTON

aelitaman wrote: »

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.

well, the IHT allowance of the spouse can, in some circumstances be transferrd so that the last survivor has a IHT allowance of 2 x325,000 i.e. 650,000

aelitaman

The last stats that I saw were 4 million pensioners.

sjaypink

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.

OK, I guess if we are to take all pensioners, working TC claimants, & the non-working, then we are looking at the majority of those eligible to vote, for sure...

But thankfully (?) there are other factors at play (we're not all stupid enough, yet, to have our votes won bought). How many pensioners believe the country is going to the dogs because of immigrants and chavs? How many younger people feel that Labour has enabled the irresponsible to prosper thus pushing their goals out of reach (low savings interest / infalted HP & supporting schemes). i think some people will vote to make themselves 'poorer' if they think its for the better of the country... or is that just me? :cool:

hmmm, I'm typing out loud here- i don't really know much about all this- i'm still learning

aelitaman

sjaypink wrote: »

OK, I guess if we are to take all pensioners, working TC claimants, & the non-working, then we are looking at the majority of those eligible to vote, for sure...

But thankfully (?) there are other factors at play (we're not all stupid enough, yet, to have our votes won bought). How many pensioners believe the country is going to the dogs because of immigrants and chavs? How many younger people feel that Labour has enabled the irresponsible to prosper thus pushing their goals out of reach (low savings interest / infalted HP & supporting schemes). i think some people will vote to make themselves 'poorer' if they think its for the better of the country... or is that just me? :cool:

hmmm, I'm typing out loud here- i don't really know much about all this- i'm still learning

I agree with you and especially with pensioners. They come from the age of thrift, saving for a rainy day and not using credit to buy tat. I think they will be very responsive to the whole country must make sacrifices and that means all will have cuts but we will protect the frontline health services for pensioners because you have paid your dues.

StevieJ

aelitaman wrote: »

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.

I think baby boomer is code for pensioner or soon to be, they are always mentioning the looming pensions crisis with reference to the BB generation.

ukcarper

aelitaman wrote: »

The last stats that I saw were 4 million pensioners.[/QUOTE

how many own more than £325k

StevieJ

ukcarper wrote: »

aelitaman wrote: »

The last stats that I saw were 4 million pensioners.[/QUOTE

how many own more than £325k

I think that is the key issue.

sjaypink

ukcarper wrote: »

how many own more than £325k

I also (again I may be in a minority group of thinkers) wonder if those that do have assets worth more than that, how many care to that extent how much their kids are taxed upon death. Well, maybe not care, but how many even think about it?

I mean, if you had worked every day since you were 16 to save £3325k, then maybe, but betting they bought their properties for, say, 2 shillings back in the day does the money seem that real?

I guess what I'm trying to say is that the IT as a vote winner is surely more likely to sway those set to inherit (age 40-60?), not those who are going to pop it?