Sounds like they will get a population share of around £6billion between them, and the bit I didn't like... to spend as they see fit.Originally Posted by surge
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Sounds like they will get a population share of around £6billion between them, and the bit I didn't like... to spend as they see fit.
Step up socialist minded Mr Drakeford , simple one waste the Tory right social care extra funding taxation , or spend it wisely
Having been through the existing system when I had to sell my parents house to pay Nursing Home fees these new arrangements are an improvement even though it is far from perfect. Whatever system anyone comes up with will generate objections but at least Johnson and co have grasped the nettle even though it breaks a major manifesto commitment.
I think thats my thinking of it really. Although I havent been through the nursing home situation, my father is in his 70s and in poor health, so it's the medium term future for me.
Yes, the first government to actually do something about the problem.
This is a brave political move by Johnson it will be interesting to see how this plays out .
There's an argument about whether it should NI, income tax or some other form of tax, but I don't see he had much choice - don't forget he was telling us he had a plan for social care before the pandemic was heard about.
This is true strange times
The social care system in this country has had it
The elderly population keeps living longer
And the people who work in care are paid crap wages
It's a tsunami
Unless its funded from the public purse , taxpayers or as other countries do through separate insurance , as you righty point out folk are living and working longer that pulls on the purse strings as the elderly need greater support and care , we can't have it all ways Covid health funding ,vaccines , job / business support , has tipped the world of government funding on its head , extreme measure for extreme times .
I note the triple lock is going to be suspended or scrapped , this is a big balancing act .
It was suspended because it spat out an absolutely ridiculous 8%, the pension will still go up significantly more than most peoples wages in this country this year.
And there is debate about one tax , however in 2023 the levy will appear separated on wage slips as a health levy , for me I want to see the overall of the NHS and Social Care in which is coming in a bill as you have to have a plan to spend this in the right places there is so much waste and abuse of the NHS services because the services is free in its ( entirety unlike a lot of other countries where you get basic minimum health care free and pay insurance thereafter for social care ie Italy and Germany to name two ).
The big move for me would be to drag the social care back under the NHS umbrella , get rid of private companies running social care , to ensure we get the buck we deserve not for someone to profit from , and critically pay those carers a decent wage
thank feck for those immigrants that are willing to work for peanuts...oh yeah, they all got sent home
Well that's a surprise 😮
Social care definitely needs sorting as it's been underfunded for ages, but NI in it's current form is the wrong way to fund it.
Someone earning £20k a year will now pay 6.9% of their salary on NI, going up to 10.7% at £50k - fair enough, but then it starts to go down, with £100k earners paying 7% and £130k earners 6.1%.
Income from share dividends, investments and property are exempt from NI too.
Should be income tax, not NI.
Dividend tax is also going up by 1.5% - so if like me you are a director of your own company I'll pay 1.5% extra NI as an employee, 1.5% extra as an employer and 1.5% extra for dividends.
My wife and I are both employees and directors fo in total thats 9%....
if you're a director of your own company neither you or the company will pay NICS, if you are you need a better accountant. you'll pay the extra 1.25% on divs though.
I could pay a base salary ( under the NI threashold ) but I don't - I agree I could "avoid" the tax, and maybe not with this change I will - still get clobbered with the div tax ( as well as the CT I already pay which is also going up 2022 or 23? ).
1.25% is hardly clobbered. and if you take a mix of salary and divs you're still paying less tax overall (even allowing for CT, NICS and IT) than an employee earning the same income.
That's proper 'man maths'!
It's not the same money that's taxed each time! Anything taken from the company will either be salary (potentially liable to the new extra NI) or dividends (which will be subject to the new NI) ... if it's shared between you and Mrs Toadstool it will be 1.5% each on half the amount, so still only 1.5% of the whole amount in total!
Employers pay the same amount so its 2.5% in total.
The spin doctors (via the media) told us that individual employeeswould pay 2% extra, so I don't see what point you're trying to make by bringing employers' NI into it.
Actually the increase is not 1.25% it is actually 10%
if National Insurance is rising from 12% to 13.25% it is NOT rising by 1.25%. It is rising by 1.25 percentage points. if you want to describe its rise in percentage terms, it is rising by just over 10%. It is a 10% tax hike
The return of the Sheriff of Nottingham.
OAPs pay the1.25 % national insurance tax.
Triple lock suspended.
Fuel bills going through the roof.
Help we need a Robin Hood.
Last edited by dandywarhol; 07-09-21 at 16:35. Reason: spelling
Do pensioners pay NI still?
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