Rado_N
Yaaas Broncos!
Unless you earn over £150k, in which case it's tapered away. If you earn £210k the most you can pay into a pension is £10k.The annual allowance for pension contributions is capped at £40k, not meaning to be a pedant.
Unless you earn over £150k, in which case it's tapered away. If you earn £210k the most you can pay into a pension is £10k.The annual allowance for pension contributions is capped at £40k, not meaning to be a pedant.
Paid for by my mother and father working 14 hours a day in a new country they did not properly understand. Ive just carried on doing the same. Anyone can do itThats not really the issue here though. I agree he sounds well off enough to be a natural Tory voter and I can understand not wanting to vote against your own interests.
You can do that without talking absolute bollocks and pretending like you haven't come from one of the most privileged backgrounds it's possible to have. Sammsky's had a head start in life that others can only dream of and to act like the issue is that everyone else is lazy is downright insulting.
Which again was a bit silly.Just a reminder, it was 73% when Thatcher was in office. It was over 80% during the previous tory government of Ted Heath.
We do not have high taxes.
Im sorry to hear this. I remember when there was a similar discussion on the caf a good few years ago you were in a similar situation.I'm an unemployed scrounger, bleeding the state dry, pretending to be too ill to work. Currently waiting for a letter that can turn up at any time that summons me to lengthy questioning on extremely personal matters followed by a physical examination. After that, I wait for a letter that can turn up at any time that tells me whether I am deemed sufficiently ill to be deserving of financial support, or whether my benefits will be stopped.
!
Now then. How did they become educated?Well then they should work harder like everybody else.
I'm a 2nd generation immigrant. My parents arrived with nothing. ZILCH. LIKE ABSOLUTLY NOTHING And yet in one generation they and their 5 kids became educated, wealthy and all work in professional upper middle class jobs. Through hard work.
As a family, we've taken very little support from the state except opportunities. I'm thankful to the United Kingdom for changing my family's life experience with opportunity. The opportunity is there for everyone if you work hard.
Why cant other do this?? Why should I prop them up, esp when they fecked us all by voting to leave the EU?
Indeed. I dread to think what will happen as the pension bill keeps increasing.Just a reminder, it was 73% when Thatcher was in office. It was over 80% during the previous tory government of Ted Heath.
We do not have high taxes.
Look, tax is not about punishing people. We've allowed ourselves as a country to slide towards a right wing economic policy where companies and rich individuals are allowed to greatly enrich themselves at the expense of the normal working people. It's stupid and short sighted greed, because if the working and middle classes are prosperous they fuel growth in the economy which allows everyone to become better off. Tax is just a tool that allows us to start that rebalancing. There are many other things that need to be done.If everyone is going to lay into Sammsky for being 'selfish', we might as well pull up Ken on this sort of bullshit. Yes, he's not suffering, so let's tax him more sounds the best way to go about it.
Hey, you can think of yourself living off my taxes instead, and I say good luck with it all.Apologies, I was just lying cause I was confused as to why you asked. I feel bad now you've responded rather politely.
I'm an unemployed scrounger, bleeding the state dry, pretending to be too ill to work. Currently waiting for a letter that can turn up at any time that summons me to lengthy questioning on extremely personal matters followed by a physical examination. After that, I wait for a letter that can turn up at any time that tells me whether I am deemed sufficiently ill to be deserving of financial support, or whether my benefits will be stopped.
Livin' the life, at sammsky's expense, yo!
I had only asked what you do to understand a hypothetical tax rate you will be comfortable with based on your income. It will be really interesting to hear your views when you get a job and forced to pay taxes. I've supported higher taxes when I didn't have work and supported lower taxes after I got work. Now after nearly 15 years of work, I've mellowed down to see the benefits of tax, but your changing views based on your income was an eye opener for me. I'm not saying everyone will be selfish like me though.Apologies, I was just lying cause I was confused as to why you asked. I feel bad now you've responded rather politely.
I'm an unemployed scrounger, bleeding the state dry, pretending to be too ill to work. Currently waiting for a letter that can turn up at any time that summons me to lengthy questioning on extremely personal matters followed by a physical examination. After that, I wait for a letter that can turn up at any time that tells me whether I am deemed sufficiently ill to be deserving of financial support, or whether my benefits will be stopped.
Livin' the life, at sammsky's expense, yo!
HP sauce can make anything taste good.What's the best sauce for polls?
Not really. I don't think anything this invasive is required. I really don't believe there is a significant amount of people claiming incapacity as a lifestyle choice. Just a small number who it's not worth hurting the majority of genuine people to weed out.Im sorry to hear this. I remember when there was a similar discussion on the caf a good few years ago you were in a similar situation.
But you have to understand the state has to do these checks to weed out the non genuine folk who prefer not to work. I dont think you should feel bitter over the process
Yeah DiseaseOfTheAge, don't feel bitter over the process that sees over half of appeals being successful, it weeds out the non-genuine folk. Admittedly it also takes benefits off people who are later deemed unfit to work by the appeals process and a number of those have died in the time it takes for that decision to be made but don't be bitter, because you're still here to tell the tale.I'm sorry to hear this. I remember when there was a similar discussion on the caf a good few years ago you were in a similar situation. But you have to understand the state has to do these checks to weed out the non genuine folk who prefer not to work. I dont think you should feel bitter over the process
Which again was a bit silly.
Indeed, I'm really only talking about each additional pound earned here, not the full amount.Well no because its progressive i dont pay 40% on everything so its less. Your criteria is also one that assumes its my money in the first place, i dont really see it that way.
Anyone complaining about paying 45% on earnings above the threshold (150k is it?) can get fecked. No one earns a living in isolation from the rest of us or society, all money is in circulation you've just absorbed some of it yourself.
Sorry, maybe I was not clear.The annual allowance for pension contributions is capped at £40k, not meaning to be a pedant.
The Tory UKIPers will. Labour UKIPers will be the one's Labour needs to focus on. The Brexit vote wasn't about Tory Labour.Don't forget that many many UKIP voters will now vote Tory.
Your construct is based on the assumption that only traditionally rich people and the elite ever get rich. Sorry, I think that taxing the wealthy at 50% or 60% because they can afford and then redistribute the wealth is entirely stupid'.Look, tax is not about punishing people. We've allowed ourselves as a country to slide towards a right wing economic policy where companies and rich individuals are allowed to greatly enrich themselves at the expense of the normal working people. It's stupid and short sighted greed, because if the working and middle classes are prosperous they fuel growth in the economy which allows everyone to become better off. Tax is just a tool that allows us to start that rebalancing. There are many other things that need to be done.
That's the problem. Even the benefits system seems overly generous to some while brutal to others. All badly run and inconsistent. Tbf, people harp on about the private sector being more lean and efficient, but plenty of the companies I've worked at were badly run in a number of ways too.I'd pay 2p more in the same scenario, 5p if the extra money was ring-fenced for education. Although I'd want guarantees that it was spent wisely. Which is the real rub here. Paying the government the guts of half your salary gets harder and harder to put up with the more you learn about how incredibly badly run the public sector is. Unfortunately, I don't know what the solution is. I suspect it isn't political.
I genuinely think this is because I can spell.Quite amusing that when faced with someone in that situation, those who usually scream 'scroungers' suddenly believe that they're talking to one of the genuine ones without question.
Ah, yep, not a worry most of us have though. I've been out tax nerded!Unless you earn over £150k, in which case it's tapered away. If you earn £210k the most you can pay into a pension is £10k.
If they had the others and fathers working 14 hrs a day. Many don't.Paid for by my mother and father working 14 hours a day in a new country they did not properly understand. Ive just carried on doing the same. Anyone can do it
There's a massive disconnect between reality and people's perceptions driven by propaganda.It says a 2013 survey found Britons believe almost a quarter, 24 per cent, of all benefits were claimed fraudulently, 34 times greater than the official 0.7 per cent estimate.
Is that right? Been years since I've had to write about pensions.Indeed, I'm really only talking about each additional pound earned here, not the full amount.
Sorry, maybe I was not clear.
The 98% I am referring to is... A higher rate tax payer get charged 40% income tax and 2% National Insurance (on each pound above £43k ish). But if he puts that money into a SIPP, he'll get the 40% tax back... so only charged 2% tax!
Lower rate tax payers get charged 20% income tax and 12% National Insurance (on each pound above £11.5k). If he put's the money into a SIPP, he'll get the 20% tax back, but not the 12% National Insurance!... so he get's charged more than the higher raters!
But you are right, pension contributions are capped.
No one's saying you or they don't work hard. Just that millions others work similarly hard just to scrape by.Paid for by my mother and father working 14 hours a day in a new country they did not properly understand. Ive just carried on doing the same. Anyone can do it
I have to stop myself picking up on tax things in the CE far too often, in this case I thought you might have forgotten and I wouldn't want you over contributing, 'cos I know you make the big bucks!Ah, yep, not a worry most of us have though. I've been out tax nerded!
This hits the nail on the headNo one's saying you or they don't work hard. Just that millions others work similarly hard just to scrape by.
Thats unfortunate but seriously why is that my problem? Labour voters like me pay top level tax as it is to compensate for that. Why should we pay even more so Corbyn can go on yet another labour opening spree?If they had the others and fathers working 14 hrs a day. Many don't.
Obviously I cant be sureQuite amusing that when faced with someone in that situation, those who usually scream 'scroungers' suddenly believe that they're talking to one of the genuine ones without question.
Atos previously and capita now are making millions out of assessments. Brought in by blairs lot atos were actually banned from operating their business in several US states, described in court as running 'disability denial factories', but they still employed these people.That's the problem. Even the benefits system seems overly generous to some while brutal to others. All badly run and inconsistent. Tbf, people harp on about the private sector being more lean and efficient, but plenty of the companies I've worked at were badly run in a number of ways too.
Thats unfortunate but seriously why is that my problem? Labour voters like me pay top level tax as it is to compensate for that. Why should we pay even more so Corbyn can go on yet another labour opening spree?
Really the big question right now. Don't think any of them can counteract the huge leads the Tories have on leadership and the economy, but you can't predict anything with certainty these days.To be fair, the Tories:
- Raised the Personal Allowance to £11.5k (a Lib Dem policy) taking millions of poor and working class people out of the first income tax rate altogether.
- Introduced the National Living Wage, now at £7.50 per hour, and will likely rise to nearly £10 by 2020. (Two Labour Policies)
- Re-introduced vocational qualifications after Labour (the party of the working class) decided that working class jobs shouldn't be taught in school.
- Have said they are scrapping Tenancy fees. (A labour policy)
- Are building lots of houses (although still slower than the rate of building in the 60's to 80's)
- Gave everyone the opportunity to vote for Brexit.
If you are a low-earning working class voter, who has seen Eastern Europeans come in and do the same job you do for less, why would you vote Labour?
There's a good slogan.Vote Green. We mean well.
I actually think, people earning the £40k-£50k region pay the least tax. Rich enough to stick anything above £40k into your pension to stay as a low-rater. And putting £10k a year into your pension over 30 years will turn into around £1m using 6.5% above inflation.Indeed, I'm really only talking about each additional pound earned here, not the full amount.
Sorry, maybe I was not clear.
The 98% I am referring to is... A higher rate tax payer get charged 40% income tax and 2% National Insurance (on each pound above £43k ish). But if he puts that money into a SIPP, he'll get the 40% tax back... so only charged 2% tax!
Lower rate tax payers get charged 20% income tax and 12% National Insurance (on each pound above £11.5k). If he put's the money into a SIPP, he'll get the 20% tax back, but not the 12% National Insurance!... so he get's charged more than the higher raters!
But you are right, pension contributions are capped.
Really... blimey. Weird rules.Unless you earn over £150k, in which case it's tapered away. If you earn £210k the most you can pay into a pension is £10k.
That's because you listen to stupid Tory bullshit about 'redistributing wealth' as if some cnut is going around robbing cash out their pockets to hand to poor folk. Two things, 1) its about creating infrastructure, regulation and opportunity for poor people to enrich themselves by being given a fair chance and equal opportunities in life. It's not handing them free money. 2) The rich only become rich because of the opportunities they had available thanks to the country they live in. The country allowed them to enrich themselves, its not like the country is some pickpocket stealing the money the poor dears made all on their own. That's not how this works.Your construct is based on the assumption that only traditionally rich people and the elite ever get rich. Sorry, I think that taxing the wealthy at 50% or 60% because they can afford and then redistribute the wealth is entirely stupid'.
I mean, if you Salary Sacrifice you get the whole lot put into your pension either way.Is that right? Been years since I've had to write about pensions.
Yeah, that's true too. Although if you're a customer of the private sector you should (at least, theoretically) be able to choose not to give your money to a company that gives you a poor return. The frustration for top rate tax-payers is that you've no choice but to see your hard-earned pissed up against a wall.That's the problem. Even the benefits system seems overly generous to some while brutal to others. All badly run and inconsistent. Tbf, people harp on about the private sector being more lean and efficient, but plenty of the companies I've worked at were badly run in a number of ways too.
email the local party offer to help, i did in 2010 election.... can't say it was very rewarding made me quite disillusioned with politics.So how does one start campaigning? What can one do to help?
We are back to the heart of the BrExit immigrant debate who are willing to work harder, but older born natives think they have a divine right to get the same with less.No one's saying you or they don't work hard. Just that millions others work similarly hard just to scrape by.
In addition to the fact that whilst I only work a shocking 8 hours a day, I decided long ago that I was going to be there for every bath time and bed time i could be for my kids. My dad worked every hour given to him for a good few years of my childhood. it meant I was comfortable financially, but I always wished my dad was around more to take me to football training more.If they had the others and fathers working 14 hrs a day. Many don't.