So it's National Insurance then

[Rjk]

Re: So it's National Insurance then

inheritance tax is 40%, the second highest rate of tax after surtax on employment income.

why should the state take someone's house after they die?

make it 100%

[Feedback]

Re: So it's National Insurance then

make it 100%

why?

[Rjk]

Re: So it's National Insurance then

why?

you don't need it when you're dead and your kids didn't do anything to earn it

[Fine Lines]

Re: So it's National Insurance then

Just jumping on this thread as the whole thing confuses me.

My situation is I own 50% of my mothers home as tenants in common. I also have power of attorney set up.

My mother does not need care home etc at the moment but I’m unsure as to what I can do to protect the house ?

[Toadstool]

Re: So it's National Insurance then

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? ).

[Feedback]

Re: So it's National Insurance then

you don't need it when you're dead and your kids didn't do anything to earn it

how do you know they did not earn it? Les say my wife's grandfather (97) is currently living in his home, and my wife's auntie looks after him - the burden of his welfare and health is falling on her ands her alone. not the state.

why should the state get the house when its not contributed towards his care at all, when the auntie has shouldered the burden in its entirety?

[Feedback]

Re: So it's National Insurance then

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.

[Feedback]

Re: So it's National Insurance then

Just jumping on this thread as the whole thing confuses me.

My situation is I own 50% of my mothers home as tenants in common. I also have power of attorney set up.

My mother does not need care home etc at the moment but I’m unsure as to what I can do to protect the house ?

given it is unlikely your mother has paid enough NICs in her lifetime to cover her social care, who do you think should pay for your mothers care, if it came to that?

[Eric the Half a Bee]

Re: So it's National Insurance then

We went through years of austerity where so many things were cut. Is this latest announcement proof that there is no more left to cut, even that austerity was the wrong course of action?

[LeningradCowboy]

Re: So it's National Insurance then

We went through years of austerity where so many things were cut. Is this latest announcement proof that there is no more left to cut, even that austerity was the wrong course of action?

No, it's proof that the NHS is a bottomless money pit.

[Toadstool]

Re: So it's National Insurance then

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.

Without paid holidays and pensions.

For me it's a lifestyle choice - and also most of my clients wouldn't want to engage with me in an employee-employer relationship.

[life on mars]

Re: So it's National Insurance then

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

[SLUDGE FACTORY]

Re: So it's National Insurance then

surely the council can state in the tender what the terms of engagement must be...the council hold all the aces, but they put out to tender for the lowest cost bidder.

You think that the councils are in a position to pay good money for care ?

It's a cut throat dog eat dog bidding process and the council award contracts to the cheapest bidder

Home Instead, Right at-home are expensive and don't figure very much with local authority care

Which is why people who can afford it go for them and ordinary folk get a dreadful service

[SLUDGE FACTORY]

Re: So it's National Insurance then

No, it's proof that the NHS is a bottomless money pit.

What about the cuts to non NHS services ? .......roads , libraries , public transport grants ?

[life on mars]

Re: So it's National Insurance then

No, it's proof that the NHS is a bottomless money pit.

There lies the issue I feel we should be braver and perhaps set out some new standards of NHS treatment so the money flows to the real issue like Social Care , Cancer etc , we need to look at A&E abuse ie weekend drunks that costs both treatment time and re, emergencies , those soft treatments like ear syringing , skin tag removals that can be treated by delivered over the counter remedies , thankfully Viagra is now being purchased , you have self responsibilities of ones health such as weight gain form poor eating habits , smoking , lack of exercise ,drinking drug abuse , some of which does is genuinely and deserved help , but not everyone .