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our income... entitled to anything?
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The question was answered at #7. Then there are 77 postings which are of no use to anyone. LOL0
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And that's absolutely fine, but don't then expect to have the same lifestyle than those who make the choice of both parents working full-time. That's the problem. Parents want it all. They want time with their children, time for themselves, time to socialise, so want to reduce their hours to fit around it, however, they want to be able to afford it all. They want to be able to have a nice house and a nice neighborhood, they want brand new furniture as soon as they move in, a car because even though they don't really need it, it is so much more convenient. They want to be able to offer after school activities to their children, lavish birthday and Christmas presents, birthday parties, and of course, at least one holiday a year. There is no appreciation that these are the things that only those working full-time should be able to afford.
Hard working families are to me those where both parents work full-time. There is a significant difference between someone working 40 hours a week, that then needs to find the time to fit everything in their spare time, cleaning, washing, cooking etc... and those who get an extra 24 hours a week to do so.
I don't believe that salary is directly link to the notion of 'hard working', however I strongly believe that the higher the salary, the more demanding the job in most cases because everything that comes with more responsibility means more mental and psychological demand on the person.
We live well within our means believe me, to the extent that we save between £400-£500/month for our house deposit.
The thing that annoys me is that we are punished financially for our choice to have one parent at home with our baby. Whilst I accept that couples should fund their own lifestyle however I think it is very unfair that there's an additional tax take from a couple looking to support their family how they see fit. This year I will earn ~£43,000 and as such our tax and N.I. burden will be ~£10,750 where a couple each earning £21,500 will lose ~£7,780 meaning our household is nearly £3,000 per year worse off, through income tax alone! So you could argue that the extra tax, I pay is funding childcare vouchers, now that's hardly fair as then it's me funding someone else's lifestyle.0 -
This year I will earn ~£43,000 and as such our tax and N.I. burden will be ~£10,750 where a couple each earning £21,500 will lose ~£7,780 meaning our household is nearly £3,000 per year worse off, through income tax alone!
But you can look at it the other way. Because you are earning £43k, you can afford to be the only one working with your OH able to stay at home. Most likely, the couple where both earn £21K would not be able to do so as the would have to live on £21k (and just a little bit of tax credits). They would probably have set their lives on the basis of a £42k household, so dropping half their salary would mean they most likely could afford their current accommodation. They are left with no choice but having both to work, with a massive amount going on childcare.
It was the position for most parents whose children were at nursery before the age of 2. Two similar average income coming in, too high to get much subsidising for their childcare costs, but too low individually for one to give up work.0 -
and im happy for your kids.
but opportunity doesnt appear for everyone.
i was a single parent, who worked in excess of 60 hours a week and u couldnt afford to put my kids through university.
my kids worked and continue to work hard.
as i said ...
income doesnt equate to how hard you work.
it equates to working hard plus OPPORTUNITY
how many jobs do you think are available at the level of your children?
enough for ever kids that works hard?
of course not.
i think you have lost touch with the real worl of work.
you still need people to work in shops, to empty the bins and to clean hospitals.
they work hard and receive comparitively low pay, but someone has to do it.
and they dare to want families?
how awful. they should be sterilised as soon as they decide not to go to university!
Being a bin man is by no means a poorly paid job. Great premiums for out of hours working (saturdays/evenings/bank holidays/etc), a decent wage, a good pension. I'm a graduate who works in the waste LA sector and I earn about the same, if not slightly less, than the bin men!
I didn't have loads of opportunities, I grew up in a house funded by tax credits with an absent father but I was desperate to go to university because my sister did and I adored her growing up. My mum's a carer and never got a degree but we both worked hard and reap the rewards. Life is what you make out of it. Even if you don't go to university if you have a drive, ambition and intelligence you won't stay on the bottom rung forever.
If you believe your destiny is predisposed by your background you'll just feel bitter and will miss out on the opportunities that come your way. It'll become a self fulfilling prophecy.0 -
I'm afraid that's absolute rubbish. The best universities bend over backwards to take students from the state sector, offering them places with lower grades than those who are privately educated and additional funding.
Plus A grades from state school pupils' are often higher thought of, compared to the spoon fed A grades from some private schools pupils.
At my son's university; for his course; the first thing they did was give exams to everyone, to see who really did know their A level coursework.:DRENTING? Have you checked to see that your landlord has permission from their mortgage lender to rent the property? If not, you could be thrown out with very little notice.
Read the sticky on the House Buying, Renting & Selling board.0 -
This year I will earn ~£43,000 and as such our tax and N.I. burden will be ~£10,750 where a couple each earning £21,500 will lose ~£7,780 meaning our household is nearly £3,000 per year worse off, through income tax alone! So you could argue that the extra tax, I pay is funding childcare vouchers, now that's hardly fair as then it's me funding someone else's lifestyle.
You get Child Benefit. And Child Tax Credits in previous years before the cap reductions? Plus you get free nursery when your children are 3. Plus NHS for all your family, free schooling and everything else our taxes pay for. It seems you get a lot given to you and your family for the £10,750 income tax and NI your family will be paying this year.
People are getting more given to them than your family (which the new welfare reforms will be addressing); but there are also people paying a lot more in income tax and NI than you are, and taking a lot less out.RENTING? Have you checked to see that your landlord has permission from their mortgage lender to rent the property? If not, you could be thrown out with very little notice.
Read the sticky on the House Buying, Renting & Selling board.0 -
MissMoneypenny wrote: »You get Child Benefit. And Child Tax Credits in previous years before the cap reductions? Plus you get free nursery when your children are 3. Plus NHS for all your family, free schooling and everything else our taxes pay for. It seems you get a lot given to you and your family for the £10,750 income tax and NI your family will be paying this year.
People are getting more given to them than your family (which the new welfare reforms will be addressing); but there are also people paying a lot more in income tax and NI than you are, and taking a lot less out.
Yes I accept your point on most of that, you are wrong to say that I previously received child tax credits though, we haven't. Our baby is 8 months old and every benefit calculator I've ever looked at say a big fat zero apart from the child benefit.0 -
Yes I accept your point on most of that, you are wrong to say that I previously received child tax credits though, we haven't. Our baby is 8 months old and every benefit calculator I've ever looked at say a big fat zero apart from the child benefit.
I don't get your problem at all. Many would love to have that level of income without state assistance.
You should be grateful that you have that amount of money comming in. Someone on that level of income doesn't "need" child benefits.Sealed pot challenge #232. Gold stars from Sue-UU - :staradmin :staradmin £75.29 banked
50p saver #40 £20 banked
Virtual sealed pot #178 £80.250 -
Yes I accept your point on most of that, you are wrong to say that I previously received child tax credits though, we haven't. Our baby is 8 months old and every benefit calculator I've ever looked at say a big fat zero apart from the child benefit.
I did put a question mark at the end of the tax credit bit as I wasn't sure of the age of your child.;)
On the wage you are earning, you are supporting your family and you should be proud that you have worked to do that.
Under the welfare reforms, many of those on Tax Credits will have conditions imposed on them when Tax Credits are removed and they apply for Universal Credit. It won't be just phoning up once a year to renew their Tax Credits as they do now. Your wife will not be subjected to those conditions or claiming every month with UC, as you financaily support her and your child.RENTING? Have you checked to see that your landlord has permission from their mortgage lender to rent the property? If not, you could be thrown out with very little notice.
Read the sticky on the House Buying, Renting & Selling board.0
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