MSE News: Higher rate tax payers to lose child benefit

andys15

How dare William Hague say it is only fair for the higher tax payer to contribute to the deficit. It sounds as if we dont contribute anything.. My biggest outgoing is TAX. The TAX I pay is more than my wife earns in a month. I want to know what my hard earned money is being spent on. It makes my blood boil.

andys15

jennie65 wrote: »

If you are in the "higher tax bracket" and are sat on here pleading poverty then you are obviously living well beyond your means then. Try getting rid of your HP cars and buying a smaller house then.
I only earn 18k and I have 2 children to support on that. I have no loans, credit cards, I own my 2nd hand car, and rent privately.
I'm sorry but if you cant "get by" on your measly £44k then you are seriously doing something wrong.

LOL.

Unbelielable. Declared bankrupt, and accuses people of living beyond their means. Brags about having no debt, and owning their own 2nd hand car, you went bankrupt, how you still have a car is diabolical, that surely was an assett you should give back.
Its people like you Jennie that brought the economy to its knees. Your the reason why my child benefit is being withdrawn.

full-time-mum

Butterfly_Brain wrote: »

About time too.

Child benefit was originally brought in to help to feed and clothe the poorest families - it was paid to Mothers so that Fathers didn't drink it up the wall.

I am all for a shake up but this proposal is completely unfair. As for making the system too complicated by considering both parents income, why can't they just link it into the Child Tax credit system which already collects this information.

It is not right that a family jointly earning just under £88,000 can get a benefit that a family jointly earning just over £44,000 can't.

I know that the country's finances are in deep doggy do-do and whilst loosing child benefit would increase strain on our personal finances, if that's what it takes to sort the country out then I'll accept it but NOT IF SOMEONE FAR BETTER OFF THAN ME still gets it.

For the record, I'm currently a stay-at-home-mum (looking for part-time work) and OH isn't currently a higher rate tax payer.

The proposal to make tax allowances transferable between married couples goes no way to making me feel any different about the new child benefit qualifications. It doesn't address any of the anomolies.

full-time-mum

Actually, I'm sick and tired of being penalised for wanting to be at home and raise my chidren myself.

full-time-mum

flutterbybutterfly wrote: »

I heard that when child benefit stops people over the threshold and therefore not entitled can continue their claim, but the amount will be taken off them through the tax system. So they're not actually preventing anyone claiming or continue to do so, but if you do and you are not entitled it will be taken off you anyway. Apparently they are hoping people not entitled will just stop claiming. Maybe under these circumstances even if you are not entitled to child benefit, just registering your claim may protect you for n.I. Credits purposes. Otherwise they would be completely shafting stay at home mums!

Gosh, I hadn't even thought about the NI credit part of child benefit.

tooldle

I cannot see how being a stay at home parent makes anyone penalised. It is a choice, just like the rest of us choose to go to work.
It seems pretty simple to me, the government needs to collect in more cash, there are two easy ways to do this, the first is to tax you more and the second is to get people working who are not currently paying tax and or NI.
I don't think its a great proposal and its not particularly fair, but at the end of the day the money has to come from somewhere.

ajaxgeezer

full-time-mum wrote: »

Actually, I'm sick and tired of being penalised for wanting to be at home and raise my chidren myself.

.... how are you being penalised? Is someone taking money from you that you are entitled to for the rest of your life?

I want to be at home and raise my dog and watch golf all day but unfortunately (as the state has decided that I have to pay for my own dog food and Sky Sports subscription) I have to find ways around that. I'm not sick and tired of being penalised for it though.... it's just the way it is.

Badger_Lady

Okay, so now I'm seeing a pattern.

The only solid objection that anyone has here is, "but they'll be better off than me! They'll get CB while I won't! They get other benefits I'm not entitled to!".

Can anyone affected honestly say, "this is going to change our lifestyle significantly, and put pressures on whether I can continue to feed and clothe my children"?

If we stop worrying about everyone else and just look at our own circumstances, in a time of recession when money is scarce, will we be OK? I suspect so.

When you earn a higher amount of money, it's very easy to get accustomed to it and to adapt your lifestyle to fit. To those who dream of one day earning over £20k yes, we are rich. And you know what? It's not that wildly inaccurate. I appreciate the fact that my wage pays for me to live in a house of my own. I appreciate that I can accept social invitations without hesitating. I appreciate that I can give myself little luxuries here and there, and that I don't constantly have a nagging worry about how I'm going to pay for them. We might not be drinking champagne every night and we might see ourselves as "normal" but hell, if my wages had to be halved for the good of the country I'd find a way to cope with it.

I'm not about to end up on the streets starving to death if I lose £2k a year. Please tell us about it if you are.

julie2710

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 ...

If I'd chosen to be a single parent then I would take as much flak as anyone could throw at me but oh no I went through IVF - personally funded - twice with my husband who then decided to p**s off with a younger model! Now I'm left with the mortgage, the bills, the child care fees and the latest damn government taking everything I have ever worked for (full-time since 16 with just 6 months out for DS1 and 4 and a half months foir DS2)

I have lost count of the days I have spent in tears over the last few months wondering how on earth I am going to survive whilst trying to hold down a job and bring up my sons.

For those of you who think I made a life choice and as I'm over the threshold I'm obviously rolling in it, you have no idea, not even an idiot would chose this as a life!

andys15

Badger_Lady wrote: »

Okay, so now I'm seeing a pattern.

The only solid objection that anyone has here is, "but they'll be better off than me! They'll get CB while I won't! They get other benefits I'm not entitled to!".

Can anyone affected honestly say, "this is going to change our lifestyle significantly, and put pressures on whether I can continue to feed and clothe my children"?

If we stop worrying about everyone else and just look at our own circumstances, in a time of recession when money is scarce, will we be OK? I suspect so.

When you earn a higher amount of money, it's very easy to get accustomed to it and to adapt your lifestyle to fit. To those who dream of one day earning over £20k yes, we are rich. And you know what? It's not that wildly inaccurate. I appreciate the fact that my wage pays for me to live in a house of my own. I appreciate that I can accept social invitations without hesitating. I appreciate that I can give myself little luxuries here and there, and that I don't constantly have a nagging worry about how I'm going to pay for them. We might not be drinking champagne every night and we might see ourselves as "normal" but hell, if my wages had to be halved for the good of the country I'd find a way to cope with it.

I'm not about to end up on the streets starving to death if I lose £2k a year. Please tell us about it if you are.

How very patriotic.

I will survive without the Child benefit too. I am personally not bothered, but it still makes my blood boil. I am not talking about the working classes, I am talking about the underclasses. Those who have not worked a single day in their sorry life's, who have kids here there and everywhere, never contributed to the society. Why am I being penalised by losing my Child benefit, why is William Hague saying the High tax payers should contribute towards the deficit. What about these people who are a drain on society. What do they contribute to the deficit. Nothing. They cause some of the deficit. It is people who work who seem to get screwed over time and time again.