Yes, there are still people who believe this garbage Tonjy, most of them are the hardcore Brexit voter who thinks Johnson is all about looking after others and not himself.
My first house was about £40,000. And the mortgage was just based on 3 times one wage with a 10% deposit Having had a quick Google it is now over £100000 more and no longer affordable on one wage. And this is in a part of the country where house prices haven't rocketed. Obviously mortgages are cheaper now so if you do buy you have that in your favour. Its definitely not as easy to get on the ladder nowadays.
Should bin off NI completely and increase income tax rates instead. I think there should be a cap on care costs to protect against needing long term care. However, the aim should not be to prevent pensioners from having to sell their homes to fund it. I’m not sure how the assets test works. I’ve heard about pensioners giving away all their wealth so they don’t have to fund care costs at all?
We got our house at a bargain price as it was deceased estate. We couldn’t have afforded the full market value at the time, and not at any time since would we have been able to get a mortgage for the market value - fast forward 20 years and the kids have left, our income has increased (following some bloody hard work) and all of a sudden, we could easily afford to buy this or something better (if we were just starting out). So as a proper big soft lefty I’ve got loads of sympathy for those who are struggling to get on the housing ladder (my kids included) it makes absolutely no sense to me that my property has grown in value whilst everything else in my life only falls in value. It’s not exactly cheering to hear my fellow lefties, slag me off for being a property owner, or have a garden, or a white collar job that means I can work from home. If you’re under 30; ask yourself where do you aspire to be at 60? And if you’ve managed that and maintained all your principles, should the 30 year old you see you as ‘the enemy’? This is why the left is fcu ked. And for clarity; I didn’t buy a house as a status symbol, or an investment or something to leave to my kids. I bought a house cos at 25 I could work out that my house was a fixed price and in 20 years time my mortgage payment would be smaller than my rent due to inflation. it’s even dafter now as at the time my rent was slightly lower than the mortgage, but now I reckon rent’s higher almost everywhere.
I agree. I think rent was more or less the same as mortgage at the time, we ended up buying the house by accident in a way because we couldn't find the right place to rent.
There’s some wide misunderstandings of NI and benefits isn’t there? Firstly; the NI pot is discrete, it was designed to directly pay for certain benefits, including Retirement Pension. The law allows for any surplus held to be transferred to the NHS, and if necessary any shortfall to be covered from the tax pot. Importantly, it’s always run at a slight surplus, and every year the CoE has to go to parliament to request that transfer to the NHS. I’m not sure how this current ‘uplift’ will work, but bearing in mind the above, it looks like some serious slight of hand by the chancellor. the other point about giving away assets in order to get state help, all means tested benefits are subject to a rule known as ‘deprivation of capital’ which basically means that if the government can prove that someone has purposely decreased their capital in order to claim assistance, then that capital will be deemed to still exist and any help would be reduced. It’d be foolhardy to suggest to someone that giving away their assets was a good idea, without taking that through some proper legal guidance (so - the rich can probably get away with it).
Fully understand that ,my sentiments exactly the same,unfortunately I wasn't born with a silver spoon. And it's not being calous but realistic. It's about being fair. This lot can't spell it,as its easier to go after the vulnerable as there not lubricating the cogs of the tory machine.
Your right there is always a paper trail, it used to be 7 years. Fortunately some councils don't chase this back,however that will change given the state of affairs. Definitely seek legal advice before giving money away, unless your giving it to me to save for you
I know of people who have put their homes into their children's names but there is a risk, what if you fall out with them, they go bankrupt, meet someone who pressures them to get loans out against the property?
Does anyone actually know the details of the plan other than "chuck money at it"? Are we getting a state care sector, or is it all private (probably)? As an upper-band taxpayer, I don't mind paying more to improve society, but this is (so far) scant on details other than a 10% increase in the amount of NI that we and our employers will pay. It smacks of just throwing money at it and hoping it goes away. I'd also introduce a 100% inheritance tax on anything over £10m per individual or £25m per estate. Nobody needs to inherit more than that.
They’re still publishing accounts for it. https://assets.publishing.service.g...nal_Insurance_Fund_Account_-_2019_to_2020.pdf Although I’ve just learned that since 1992 the government can nip into it for things other than the NHS
yep. Major started it but was really ramped by Blair then even more so by the Coalition. It’s why saying the rise is to fund social care is a lie.
Definitely (private that is). Totally agree, I was an upper-band tax payer and didn't mind helping societal improvements in the slightest, I think today I'd think differently because this government has given away billions of our money to their cronies, why not get that back to fix the NHS and social care? A bold idea, one I'd never thought of, but yes you're right, why would anyone need to inherit more than £10m? With that you'd never need to work again whilst still having a decent standard of living.
It does sound callous. I'm not minted but I'm doing alright having had little financial help but I realise that is as much down to luck as it is hard work. If I'd been born to different parents, with different genes, a different sex, a different race, in a different area etc. things could have turned out very different through no fault of my own. I can't see me ever resenting making a reasonable contribution to help the less fortunate.
