George Osborne MUST now U-Turn 'Granny Tax'!

MonkeyMad

boozercruiser wrote: »

NEW RETIREES WILL BE WORST HIT
Let us say that you are just coming up for retirement next year in around April or later in 2013 and your earnings are £10,500 and more. The £10,500 Tax Allowance is GOING DOWN to £9,205. So you are starting to pay tax on pension or other earnings from £9,205 instead of £10,500. This in effect means that new pensioners who earn over £10,500 will pay £325 extra tax in just the first year.

I know the main problem in the thread is ignoring everyone, but I'm bored.

You don't mean to say these people will be paying the same amount of tax when they are a pensioner as when they were not? I can see how that leads to an immediate catastrophic drop in living standards.
And 20% of the difference between £10500 and £9205 still isn't £325

browniej

jem16 wrote: »

Chart 1: Distributional impact of tax and benefit changes implemented by current government up to and including April 2014, by household type.

Boozercruiser - how about debating the above graph?

Your wife got to retire at age 60. I won't get to retire until age 66 so I've "lost" around £3,000 in income. Is that fair that your wife gets more than I do?

StevieJ

Could someone explain to me why someone on £25k with mortgage paid up, should have larger personal allowance than say, some 30 year old who gets paid minimum wage and has to find the rent? I have never really understood that.

boozercruiser

browniej wrote: »

Boozercruiser - how about debating the above graph?

Your wife got to retire at age 60. I won't get to retire until age 66 so I've "lost" around £3,000 in income. Is that fair that your wife gets more than I do?

NO. I agree with you actually, not very fair at all...and that is something else you can thank both the last and this lousy Governments for.

Welcome to the the hissing in the wind club.;)

boozercruiser

StevieJ wrote: »

Could someone explain to me why someone on £25k with mortgage paid up, should have larger personal allowance than say, some 30 year old who gets paid minimum wage and has to find the rent? I have never really understood that.

Well if you are referring to Pensioners, you won't find many of them on that sort of money. And the ones who are will perhaps have worked for 50 years (Leaving school at 15) to earn it through paying into Pension Schemes which likely ripped them off as well.

Still, it is a good question. Can someone give him a good answer?;)

If I tried to it would take me all day and I do have a life outside of this Forum.:D

teajug

MonkeyMad wrote: »

I might not be on ignore yet. Oops too late, decided you can't put up a decent argument so just ignore someone else.

A free bus pass 'only' worth about £480 a year where I live, so you seem to be doing quite nicely out of it. You also forgot to mention your free prescriptions.

I don't think I could have been your friend as I don't get on well with the hard of thinking. I doubt any of us feel offended by being on the ignore list of a buffoon, who lacks the ability to argue his case when presented with conflicting evidence. Still, part of me does hope you suffer greatly by being £83 worse off as I think in your case I would get pleasure from it.

Free prescriptions are available for all in Scotland and Wales and Northern Ireland there are also fee for the unemployed as well as pregnant women and disabled young and old.

Free bus passes are only good for people in good health and have a good public transport service. It is useless to pensioners that are unable to travel alone or too frail to get to a bus stops or because the stops are too far away from them and unable to walk that far.

As for your last sentence that figures with UK today, would you be the kind to go out go out and beat up the disable and frail pensioners for fun that you hear so much about nowadays.:mad::mad::mad:

teajug

browniej wrote: »

Boozercruiser - how about debating the above graph?

Your wife got to retire at age 60. I won't get to retire until age 66 so I've "lost" around £3,000 in income. Is that fair that your wife gets more than I do?

Life is not fair but it would be fair for ALL if we had a government that was looking after everyone by way of taxes and NOT JUST THE SUPER RICH.

browniej

boozercruiser wrote: »

NO. I agree with you actually, not very fair at all...and that is something else you can thank both the last and this lousy Governments for.

Some things you win and some you lose - that's life.

However now that I know you have seen the graph, how about debating why you think pensioners should get off even more lightly than they already have?

mystic_trev

teajug wrote: »

Life is not fair but it would be fair for ALL if we had a government that was looking after everyone by way of taxes and NOT JUST THE SUPER RICH.

I wonder who the last Government were looking after?;)

browniej

teajug wrote: »

Life is not fair

Exactly. So why should pensioners suffer no loss but workers with children suffer a 3.7% loss? Pensioners are being asked to take a small hit for a couple of years to allow all lower paid workers a bit of a benefit and yet you are all up in arms over it.

but it would be fair for ALL if we had a government that was looking after everyone by way of taxes and NOT JUST THE SUPER RICH.

It's not though.

Starting with 2011 and ending with 2014, the standard personal allowance will have risen by 42.16% whilst the personal allowance has been totally removed for those earning over £150k. With that much increased standard personal allowance it will see the lower paid taken out of tax altogether and those under the higher rate threshold paying less tax.

Surely it is better that everyone except the higher earners has a higher personal allowance rather than just those over 65?