Budget (March 2024)
- Thread starter PR1Berske
- Start date
Bingoman
Well-Known Member
That reminds of Ex mp Danny Alexander
As a resident of Canary Wharf myself, can I just say how welcome this cash injection is. It's about time the government stopped handing out cash to impoverished small communities up north and focused on this area instead. It's been a tough time for my fellow residents, investment bankers, tax advisors etc. Finally. Thank you Jeremy.
Sasaferrato
Super Refuser!
Aye, it was about time old chap.
cupid_stunt
Chief seagull hater & farmerbarleymow's nemesis.
Aye, it was about time old chap.
Two words, the second being 'off'.
Out of 8 bungalows in this close, I am the only one still working, with another 5 years before I get my state pension.
MickiQ
In My Defence I was left Unsupervised
5 or 6? if you're expecting to get it at 66 in 5 years that must mean you're 61. However Mrs Q who is 61 believed she would get it at 66 has discovered she will in fact get it at 67 which has pissed her off no end.Two words, the second being 'off'.
Out of 8 bungalows in this close, I am the only one still working, with another 5 years before I get my state pension.
Artaxerxes
Look out, he's got a gnu!
Not to worry for those of us young enough we aren’t getting one at all
moochedit
I'm not feeding seagulls
Yeah they moved the goalposts for some age groups. I think i retire at 68.
cupid_stunt
Chief seagull hater & farmerbarleymow's nemesis.
I am 62 this year, and get it when I hit 67.
MickiQ
In My Defence I was left Unsupervised
Mrs Q will be 62 in August and up until very recently laboured under the impression that she would get it at 66 like me (4 years and 9 months older). She only discovered near end of last year that she would have to wait another year.
She is retiring at the end of this school year and will claim her teachers pension though she has lost a big chunk of that due to a dozen years out of the workforce to be a full time Mum. She did originally declare she intends to be a 'kept' woman.
However she has decided that she likes the term 'trophy wife' better.
cupid_stunt
Chief seagull hater & farmerbarleymow's nemesis.
My brother is about 7 years younger than his wife, he describes himself as her 'toyboy'.
Serge Forward
Just enjoyin' my coffee.
Some IFS stats on BBC today...
Pickman's model
Starry Wisdom
Pretty much the entire thing was the opposite of what's needed. But shammer has fallen in line.
Orang Utan
Psychick Worrier Ov Geyoor
Ah the traditional British spectacle of pickpocketing you and then bribing you with the contents of your wallet
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scalyboy
They’re taking the piss now
The tory c*nts know that people on the lowest incomes won't vote for them anyway, so they target middle income earners who had previously voted for them but are crossing over to Starmer. Blatant bribery, I defy any pundit to describe it as anything else. If a blood-crazed rogue pine marten leaps on your face and starts ripping at your flesh with its sharp as fuck claws, how can you describe this as anything other than 'attack by savage pine marten'? But by Christ's bones they'd try and spin it in some way, saying the marten was performing facial dermabrasion or some such bollocks. Tory vermin!
(and no disrespect to any pine martens who are by no means vermin, I was merely using a simile - they are fine, graceful creatures and potentially the saviour of the red squirrel in Scotland and Northumbria by going after greys but not reds)
MickiQ
In My Defence I was left Unsupervised
No surely not how can it be so?
I don't think it's going to win them many votes, someone on an averageish income is only going to get around an extra £10 a week and since NI is capped someone on say £60K is going to get about £15 a week which is barely going to be noticeable.
Someone on that salary would expect to take home around £3.5K and another £60 wouldn't really stand out
It’d help towards the vape tax though.
MickiQ
In My Defence I was left Unsupervised
Not if people quit vaping it wouldn'tIt’d help towards the vape tax though.
And for those that don’t; the Lord giveth and the Lord taketh away.
PR1Berske
Alligator in chains by the park gates.
Yes I've noticed the great big hole where an explanation should be. In earlier years they would have been talking about a flat tax, bringing the two together and satisfying many of the demands of both mainstream and loony Tories.
cupid_stunt
Chief seagull hater & farmerbarleymow's nemesis.
<pedant alert>
NI wasn't designed to fund the NHS, but the likes of sickness & unemployment benefits, and the state pension.
MickiQ
In My Defence I was left Unsupervised
NI is or rather was meant to fund a state pension, it's never really worked out the way it was meant to since when it was introduced the Govt started paying a pension straightaway rather than investing the money, so each generation paying NI has been paying the pensions of the generation before them rather than saving for their own.
It needs to be abolished and just rolled into general taxation which would be simpler and actually fairer, since NI has a ceiling and taxation doesn't. That way the base rate wouldn't have to rise by 8% since a chunk of the money now raised from people earning below the cutoff would instead be raised from people above it.
It needs to be abolished and just rolled into general taxation which would be simpler and actually fairer, since NI has a ceiling and taxation doesn't. That way the base rate wouldn't have to rise by 8% since a chunk of the money now raised from people earning below the cutoff would instead be raised from people above it.
Elpenor
Dancing as fast as I can
NI doesn’t have a ceiling, there is a 2% employee rate for anything above the upper earnings limit, and of course there is also an employer contribution unlike tax.
It’s also not charged in certain circumstances, for example those under 16 or over state retirement age; as it’s an employment tax it isn’t levied on pension payments, and there are other exceptions for deferments, and funny groups of people like share fishermen.
NICable grosses are also used for various things which a taxable gross wouldn’t work for eg calculating student loans and eligibility for statutory pay.
Taxable grosses often differ from NICable grosses as they include taxable pay from payrolling of non-cash benefits with notional amounts meaning the tax is paid each month on the value of private medical insurance for example which means no need to complete P11D forms for employees, some expenses such as mileage above a certain rate per mile is taxable, some pension contributions and charity contributions which all impact a taxable gross but not a NICable gross.
Combining the two is something HMRC have often mused, although not lately, and becomes less likely with added complexity introduced each year within the payroll landscape.
Sasaferrato
Super Refuser!
I take your point, however, as a wrinkly, my State Pension has risen by 18% over the last two years. I think we have been looked after, and it is only right that working people (who pay our pensions) get a bit of a boost. My pension will rise to £10,660.00 in April.
Sasaferrato
Super Refuser!
Mary describes herself as my 'toygirl'. She is ten weeks younger than me.
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