We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

£10,000 proposed for everyone under 55

24

Comments

  • Bravepants
    Bravepants Posts: 1,669 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Could be a good thing. A step towards the Federation society in Star Trek, where people work because they enjoy it, contribute to society, and they don't use/need to make money.
    If you want to be rich, live like you're poor; if you want to be poor, live like you're rich.
  • Reaper
    Reaper Posts: 7,357 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    I can see practical problems
    Anyone receiving the "dividends" would not be able to claim any tax allowances, which the RSA says would act as a disincentive to wealthier earners wanting to apply for the handout.
    I have some VCTs and ISAs which grow tax free. If I accept the £10,000 do I have to start paying tax on them and will the companies who administer them have to start sending extra info to the tax man if I do?
  • sjp999
    sjp999 Posts: 146 Forumite
    Eighth Anniversary 100 Posts
    Bravepants wrote: »
    Could be a good thing. A step towards the Federation society in Star Trek, where people work because they enjoy it, contribute to society, and they don't use/need to make money.

    While I enjoyed every Star Trek incarnation I find myself giggling like a little girl every week watching The Orville.
  • prowla
    prowla Posts: 14,330 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Why on earth should they cap it at an arbitrary age and presumably that means that the over-55s have to pay for it?
  • TBC15
    TBC15 Posts: 1,525 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    sjp999 wrote: »
    While I enjoyed every Star Trek incarnation I find myself giggling like a little girl every week watching The Orville.

    I find the depiction of science/ laws of physics a little far fetched.
  • TBC15
    TBC15 Posts: 1,525 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    prowla wrote: »
    Why on earth should they cap it at an arbitrary age and presumably that means that the over-55s have to pay for it?

    Who says there will be any over 55s in this brave new world.
  • greenglide
    greenglide Posts: 3,301 Forumite
    Part of the Furniture Combo Breaker Hung up my suit!
    . If the government cant afford to fund the NHS and other emergency services,
    The government chooses not to fund the NHS and emergency services as well as education etc.

    There are lots of alternatives to the current austerity that the present government loves so much.
  • JohnRo
    JohnRo Posts: 2,887 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    Fear not, it'll all be fine, the NHS will soon be getting an extra £350 million a week and brand new Boris hospitals will appear in every town and village that waves the Union Flag with enough vigour.
    'We don't need to be smarter than the rest; we need to be more disciplined than the rest.' - WB
  • colsten
    colsten Posts: 17,596 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    JohnRo wrote: »
    Fear not, it'll all be fine, the NHS will soon be getting an extra £350 million a week and brand new Boris hospitals will appear in every town and village that waves the Union Flag with enough vigour.
    Don't forget we'll also have sunny uplands, blue passports, innovative jams and pink unicorns at the bottom of the garden.
  • colsten
    colsten Posts: 17,596 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper
    mark1959 wrote: »
    Well i'm offended.:eek: I'm over 55.:(
    Agree, it seems a rather weird and arbitrary age limit. There's some attempt towards an explanation in the report but I don't think they have really thought this aspect through fully.

    https://twitter.com/theRSAorg/status/964499126099546112
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.4K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.4K Spending & Discounts
  • 247.3K Work, Benefits & Business
  • 604.1K Mortgages, Homes & Bills
  • 178.4K Life & Family
  • 261.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture