The boomers ate all the avocados
Comments
-
Child benefit is now means tested though.
0 -
It's this "i paid x tax so i deserve y" chat that I think is so entitled.
You really don't see other people saying this stuff, only retirees.
0 -
Total NI receipts last year appear to be just shy of £170bn. The previous year ending 31st March 2023 was about £130bn. That covers the state pension, JSA, Maternity Allowance, etc* and Bereavement Allowance with a bit left over. Health spending is ~£180bn so that leftover barely touches the sides.
Given NI accounts for roughly 1/6 of all tax receipts, it's pretty funny that anyone takes Jeremy Hunt remotely seriously when he talks about abolishing it .
* Reimbursing employers for parental leave costs just under £3bn a year.
1985 Mercian King of Mercia - work in progress (Hah! Who am I kidding?)
Pinnacle Monzonite
Part of the anti-growth coalition0 -
Most taxes cannot voluntarily be paid whereas NI can. Do you think people who paid NI when they didn't need to should be entitled to something?
0 -
How much would that save if applied to the state pension? A political death sentence to enact, so unlikely ever to happen.
0 -
That’s because it is something some want to debate. Try abolishing child benefits or parental leave. I would assume some outcry.
Try suggesting Road use for private cars should be funded from an actual road tax instead of council tax.
There are a load of things that could be added to or retracted from which would elicit outrage. Pensions just happen to be a hobby horse.
What I find funny is the person most against it is literally a turkey voting for Christmas.
The above may be fact, or fiction, I may be serious, I may be jesting.
I am not sure. You have no chance.Veronese68 wrote:PB is the most sensible person on here.0 -
Seeing that last bit does also raise that there is some support out there that younger people are now getting that the 'boomers' were never 'entitled' to albeit it the overall benefits they'll receive over their lifetime may be lower.
0 -
Families do alright. I never had one but never bothered me paying for others.
0 -
You're just repaying your childhood debt.
0 -
It's been around for a while.
You just now have the option to split it between both parents.
1985 Mercian King of Mercia - work in progress (Hah! Who am I kidding?)
Pinnacle Monzonite
Part of the anti-growth coalition0 -
It's now also available for a fair bit longer though isn't it? From memory my wife had to go back to work after 3 months. I think it's a good thing that it was expanded but it is still a example of an additional benefit for more recent new parents that previous generations didn't benefit from as much. The biggest issue for a lot of benefits as far as I'm concerned (including State pension) is that they are too universal. They managed to effectively means test child benefit albeit in a very clumsy way but seem unable to do so with a lot of other benefits.
0 -
Surely the benefit for the boomers was that houses could be purchased based off a single salary and many mums stayed off work post children.
0 -
Leave is up to a year. Pay is significantly less. Up to 39 weeks at 90% of your average weekly earnings for 6 weeks then £185.03/week for the remaining 33weeks. If you are self employed it's the latter or less if your Class 2 NIC are lacking.
1985 Mercian King of Mercia - work in progress (Hah! Who am I kidding?)
Pinnacle Monzonite
Part of the anti-growth coalition0 -
-
It's what we managed to do, but only just. Needed both salaries to get the mortgage in the first place but wife stopped work when the kids came along. That was back in the early 90s and even then we were unusual among our peers. Financially a real struggle, and the boys didn't get the newest games console / flash trainers / foreign holidays like some did. I admit I was grateful they were coming straight home from school rather than hanging around the fast food places on the high street like some of their mates. When they were older wife got part time work to help us out of the financial hole we'd dug.
Must admit I don't envy today's parents. Catch 22 with high property prices necessitating 2 incomes then the whammy of eye-watering childcare costs. In my last job I saw several younger colleagues leave the workplace once one of their salaries was swallowed up in childcare. See a lot of couples leaning heavily on parents to look after children and do school runs etc.
We're expecting our first grandchild in a couple of months, but we're not going to be able to do any of that stuff for them cos they live 50 miles away...
0 -
He is talking about employee NI
0 -
I know. Some of us have to consider both. I did enjoy TBB's assertion that it's an optional tax.
Good to see you haven't succumbed 😁
1985 Mercian King of Mercia - work in progress (Hah! Who am I kidding?)
Pinnacle Monzonite
Part of the anti-growth coalition0 -
-
pretty sure tbb was pointing out that one can choose to pay ni if one needs a 'top up' to meet eligibility criteria...
my bike - faster than god's and twice as shiny0 -
Given one or 2 comments on scrapping the state pension for various generations, what provision do you suggest for those out of pocket and with no other pension. Bring back the workhouse ?🤔 / deport elsewhere or euthanasia after a certain age. Suspect social upheaval would be widespread before that happened.
Too many bikes according to Mrs O.1 -
Yes, I was.
0 -
True as I did exactly that after returning from working abroad. The only reason to do so, as advised by Inland Revenue, is to collect a full pension once eligible. I was in my 20s, it was a long term gamble. 😉
The above may be fact, or fiction, I may be serious, I may be jesting.
I am not sure. You have no chance.Veronese68 wrote:PB is the most sensible person on here.0 -
Yes, again, I realise that's what he meant. Says a lot that the recent 'tax cut' only applied to the Employee rate.
1985 Mercian King of Mercia - work in progress (Hah! Who am I kidding?)
Pinnacle Monzonite
Part of the anti-growth coalition0 -
-
Difficult to tackle this one head-on without being ageist and sexist. Note the inversion in gender between young and old. I wonder why older women present such a risk?
0 -
What is the y axis?
0 -
Its car driver casualities per billion miles driven.
I suspect the reason older women are such an outlier on risk is because under those criteria, they don't tend to drive huge miles on mororways pulling averages down, and they are more at risk of a casualty from a collision than younger groups (aside from any increased chances of an accident etc.)
The one thing I'd say is that whatever the government do, insurance companies don't worry about being ageist when setting premiums, and they didn't worry about being sexist either until that became legislation.
1 -
I think we've covered this before but I'll remind everyone that I stand by your sentiment.
Drivers over 70 should be tested on a regular basis imo.
The above may be fact, or fiction, I may be serious, I may be jesting.
I am not sure. You have no chance.Veronese68 wrote:PB is the most sensible person on here.0 -
The main problem with older drivers is that they drive too slowly and hold up other drivers. Oldies are the people for whom buses exist.
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
I think it's a combination of women expecting to have proper careers in addition to the affordability of it.
I think there is an issue in that the world of work and the world of childcare haven't really caught up with this reality...30 hours of free childcare...what full time job is 30 hours a week and doesn't go over school holidays 😆 that's if you can find a nursery without a multiple year waiting list!
0
