MSE News: Higher rate tax payers to lose child benefit

Dorastar

DirectDebacle wrote: »

Assuming all remains equal then over the 20yr maximum of CB you lose out on a massive £20k odd.

Over the same period a £44k income rakes in a miserly £880,000.

Not surprised some of you feel victimised.:rotfl:

Thanks for explaining that to me - was wondering what my 60 hour week was all for? Penalised for working hard to get promotion rather than sitting on my bum doing nowt. In my next life I'm coming back as an MP then I can have the best of both worlds :beer:

shop-to-drop

DirectDebacle wrote: »

Assuming all remains equal then over the 20yr maximum of CB you lose out on a massive £20k odd.

Over the same period a £44k income rakes in a miserly £880,000.

Not surprised some of you feel victimised.:rotfl:

... and a huge amount of that £880,000 goes to the state for the benefit of 'all'. Hope you are grateful because you should be.

julie2710

shop-to-drop wrote: »

... and a huge amount of that £880,000 goes to the state for the benefit of 'all'. Hope you are grateful because you should be.

All except hardworkng single parents who earn more than £44K that is

Armada_2

hiney777 wrote: »

school uniform= 5 polo shirts with school logo on £60,
1 blazer with logo £40, 3 sweetshirts with logo £40 and then trousers, shoes, pe kit. If the kids dont wear tops with a logo on they are sent home.

What type of schools are you referring to?

• Try buying school uniforms from supermarkets/chain stores!
• Try cutting logo's off old clothes and sewing them onto supermarket/chain store clothes.
• Try, like a lot of the better schools do...having a bring and buy of secondhand school uniforms, musical instruments, etc., everything school related, that still has life in it, prior to school term starting.
• Try getting into the real world.

real1314

qetu1357 wrote: »

£44k over 20 years wont rake in £880k.

It would "rake" it around £644k as you have to pay around £236k in tax.

I think the point is why should we pay in £236k and get NOTHING back in benefits?

Doesn't it defy logic to think that because you pay X amount in, you should get x amount back?

I pay in £10 a week so I should get £1 back?

Or I really think I should be paying less in, say... erm....9? ???

And for those feeling picked on due to couples earning £40k or so each not getting hit, I'd suggest if GO could find a cost effective way of identifying them and raking the money back, he'd do it in an instant.

dmg24

julie2710 wrote: »

All except hardworkng single parents who earn more than £44K that is

Just to add salt to the wound (from ConDem, not me!), they have today confirmed that married couples are to receive tax breaks! It would appear that the rest of us can go spin ...

qetu1357

real1314 wrote: »

Doesn't it defy logic to think that because you pay X amount in, you should get x amount back?

I pay in £10 a week so I should get £1 back?

Or I really think I should be paying less in, say... erm....9? ???

And for those feeling picked on due to couples earning £40k or so each not getting hit, I'd suggest if GO could find a cost effective way of identifying them and raking the money back, he'd do it in an instant.

I know it's a bit of smoke and mirrors but my point is if you have a system where some are paying in and never getting anything out, they may start to wonder why pay in?

Is it 1/3 of all tax is spent on benefits? This means as a family we are paying in £18k and getting £2k. Soon to be £18k with nothing back.

Why should my wife and I pay so much in when so many are making no effort to look after themselves.

The great thing about CB was its universal status.

hiney777

Armada wrote: »

What type of schools are you referring to?

• Try buying school uniforms from supermarkets/chain stores!
• Try cutting logo's off old clothes and sewing them onto supermarket/chain store clothes.
• Try, like a lot of the better schools do...having a bring and buy of secondhand school uniforms, musical instruments, etc., everything school related, that still has life in it, prior to school term starting.
• Try getting into the real world.

WHAT IS YOUR PROBLEM
I was replying to another post about being able to buy uniform from asda for £8.
My children go to a normal state run secondary school that has silly rules on wearing tops with logos.
I can afford to buy my kids uniform as and when they need it and the stuff that no longer fits goes to the school to be sold on.
what do you mean by 'try living in the real world':mad:

Indie_Kid

dmg24 wrote: »

Just to add salt to the wound (from ConDem, not me!), they have today confirmed that married couples are to receive tax breaks! It would appear that the rest of us can go spin ...

Couples already receive a tax break, technically - a single person pays tax on anything above £6475. A couples pays tax on anything above £12950. (2 lots of £6475)

Armada_2

Kimitatsu wrote: »

QUOTE]
On a serious note (I can do that too lol) then its been an argument of mine all along that the child benefit and tax credits should be graded as the child gows. It has always seemed madness to me that we give the child double the tax credits in the first year, surestart grants etc etc, when they actually need more support as they get to secondary school and above. Once at secondary school, frequently they need access to a pc and broadband, plus the software to go on it, school uniform becomes more expensive, and they need a considerably larger pe kit than a t shirt and shorts. In many areas they need more money to do activities out of school or to participate in sports etc etc.

From new born to 3 years of age, a good case can be made for given a benefit for those children.
From the age of 3 it is a very weak case for giving a benefit directly to the parent/s for them....From that age they can be in the education system (which cost a lot of money) until they are 18 years of age. The CB should be given to the place children spend the majority of the waking school days.


So no, I have two boys and they have cost far less going through school then than they do now, and because we live in a very rural area then there are few opportunities for them to interact with others without a car journey. The nearest facilities for leisure to us are a minimum of 10 miles away and buses are twice daily. I am certainly not going to post how much comes into my household on a public board but suffice to say my child benefit does not cover the clothing nor feeding costs of my children!! It does however go towards lesiure activities, school trips etc (and no it still doesnt cover the costs)

Child benefit doesn’t cover the total up keep of a child...it is not supposed to...It’s not supposed to cover extra mural activities etc... In your case, I suggest you move to an area where your children will be able to do the activities you suggest they need without inconveniencing you and putting you to unnecessary expense...Libraries have computers, supermarkets/chain stores have cheap school clothes.....If you can’t afford what you say you need without CB, then you will have to cut your and your children’s cloth...by you and them giving up things.

Now if I could see that the money that was going to be taken away was going to be used for the benefit of those children, better leisure facilities, free bus travel, free broadband for all students under 18 etc etc, then it would be something that I could see would benefit everyone.

Unfortunately you are not going to see what you want, as the government are just going to do it....CB isn’t meant to benefit everyone, it is meant to benefit children.....If the money is taken away from parent/s guardian it will be used for the best thing you cangive a child....an education.......Now that would be all parents looking to the future for their children.

When I read today that banks will pay out £7.1bn in bonuses this year, then it sticks in my throat that we may yet have to bail them out again and it is the benefits of 50,000 families that will pay for it.

Not relevant to the debate!

For the first time ever we have more people over 60 in this country than we do under 16, yet it is those children who will pay for OUR pensions, so maybe we should start looking to the future rather than a quick fix now.

Not really relevant to the debate!.....but........
The percentage that pensioners put in the government pot is far higher than what they are getting back.