2024 UK politics - now with Labour in charge
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It's 'controversial' because, like the B word, the likes of the Telegraph are trying to unite the genuinely poor and the well-off old in a "their taking our money away" alliance, in order to try to get people to hate Labour.
Labour just aren't being bold enough in their messaging: rather than focusing on austerity-lite messaging, they should be leading with the "targeting scant resources to those who genuinely need it" line. As they've got a big majority for five years, they can afford to piss off Telegraph readers for now.
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Most pensioners still get incredulous when you refer to anything like the pension or the fuel allowance as a benefit. They genuinely think they've earned it and have some god given right to it in some way. My MIL certainly does. Frothing at the mouth about it.
(How about you sell off your 4 bed that you live in on your own and live off the proceeds from that, rather than claiming poverty and benefits, eh?)
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Well Labour have already managed to massively piss off their number one super fan, Carol Voderman over it, so it clearly isn't just your Telegraph obsession..
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Have you ever seen the wording on a State Pension forecast?
No, I didn't think you had.
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Last year you could get the winter fuel allowance if you had moved to Italy. Not France or Spain though.
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This winter if you live in certain parts of Europe you will still get the WFA - it's not means tested for those living abroad.
A bit like if you live in some parts of the world your UK State Pension is indexed, and in others it isn't.
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lol why would I? Do you not think it is a benefit? Because it sure as shit is.
If they're struggling they can always stop buying coffee out and eating avocados.
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oh come on now, there are limits :)
my bike - faster than god's and twice as shiny0 -
This bit?
Your forecast
is not a guarantee and is based on the current law
- Genesis Croix de Fer
- Dolan Tuono0 -
Well you seem to thing you know everything about everything, so perhaps you should look at the wording. It's easy to obtain your own forecast.
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The state pension is a benefit payment available to the majority of people when they reach the current State Pension age. It is a universal, non-means tested benefit available to all, so long as they have made the requisite National Insurance contributions or credits.
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Come on Dave, I'd like to see you evidence...
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
Yawn. Google it yourself.
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"I agree with the policy, I just disagree with who is implementing it."
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 -
Is it ok to have beans on toast and a mug of tea when you stop for lunch on the Wednesday Boomers ride.
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It will be interesting to see what Labour will do with pensions. There are some short term gains to be had, but that could come at the cost of discouraging contributions. I won't contribute if I am taxed on the way in. That means more tax in the short term.
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If a tax on contributions was less than income tax + NIC, it would still make sense to save as a salary sacrifice, no?
1985 Mercian King of Mercia - work in progress (Hah! Who am I kidding?)
Pinnacle Monzonite
Part of the anti-growth coalition0 -
Not if taxed on the way out as well which is the case at the moment. They could make pensioners really angry by going after the tax free allowance on the way out. I'm more tolerant about that.
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You need to back your own points. I'll take it you have no evidence from your reply.
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
Where have I said what I think about winter fuel payments, apart from pointing out the obvious leftie hypoctprisy?
And as mentioned a few times before, the tax system is an existing way of effectively means testing the state pension.
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
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Yes, I realised that just after I posted.
1985 Mercian King of Mercia - work in progress (Hah! Who am I kidding?)
Pinnacle Monzonite
Part of the anti-growth coalition0 -
What would you do instead? ISAs?
- Genesis Croix de Fer
- Dolan Tuono0 -
And your point is what?
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0 -
Not sure, but I could put my money in exactly the same funds just without the SIPP wrap. Presumably I could swap for an ISA wrap instead.
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Presumably if your marginal rate of tax is 62% and you receive 20% credit, you would pay 42% on the way in. Then if your marginal rate is 60% on the way out, you'd be taxed at 102% overall.
Obviously a very unlikely scenario. Sort of thing Dan Neidle would tweet about
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Given that both main parties are now taking a position 100% opposite to their previous stance on winter fuel, we can safely ignore the charge of hypocrisy.
It's been a shocking piece of politics whatever you think of the merits of the policy. They probably felt forced into announcing this first because the eligibility needed to be clarified before September for this winter, but if it's that urgent to close the gap this winter, then why is this the only thing they've announced?
It feels like an indication that they are being forced into decisions by the fiscal rules, which means nothing long term that needs government investment is likely to happen.
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Notwithstanding that is a US article, here is some evidence on intentions in the UK:
And looking at facts of who is leaving or has already left, here is one public example of a wealthy (net worth in the hundreds of millions) individual has said publicly that he will leave:
And three anonymous billionaires who have already gone:
As the above two articles are just examples, there will be many more. That will be a lot of tax revenue to lose.
"I spent most of my money on birds, booze and fast cars: the rest of it I just squandered." [George Best]0
