|
|
Post by Totheleft on Mar 9, 2024 17:10:27 GMT
How much is the State Pension increasing by this year? ... From 6 April 2023, the State Pension will increase by 10.1%. annual growth in employees' average total earnings (including bonuses) was 7.2% in August to October 2023.12 Dec Pensions increasing at a higher rate then Them working to pay for your Generous pension. The max state pension will be under £900 a month from April ie under £12000 a year and is taxable Those of working age suffering with lazyitis who can't invent a so called disability might be subject to a benefit cap of of over £1500 a month welfare handouts which is not taxed. If they can invent a disability there is no cap and they can get much higher welfare handouts - not taxable I repeat - what generous pension? What lazy I gave you example of working man not the unemployed. Even the unemployed pay NI contribution to your Genious pension . |
|
|
|
Post by Bentley on Mar 9, 2024 17:20:37 GMT
You do know that a pensioner who is 67 most likely bought their home when they were early 30s over 37 years ago, I'll give you a example, Freddie Mercury bought a cottage in Kensington in 1985 for £500,000, his ex partner has put it up for sale for £30 million, the only reason most pensioners are classed as millionaires it the value of their property, which makes them asset rich and cash poor. Give you a example you said about a lady having to sell her house for social care. No way would I call her a millionaire would you . As things stand, around 80% of pensioners live in homes they own outright.Not all millionaire obviously Proof? |
|
|
|
Post by Bentley on Mar 9, 2024 17:23:33 GMT
The max state pension will be under £900 a month from April ie under £12000 a year and is taxable Those of working age suffering with lazyitis who can't invent a so called disability might be subject to a benefit cap of of over £1500 a month welfare handouts which is not taxed. If they can invent a disability there is no cap and they can get much higher welfare handouts - not taxable I repeat - what generous pension? What lazy I gave you example of working man not the unemployed. Even the unemployed pay NI contribution to your Genious pension . I don’t think they do. I think it’s made up by credits |
|
|
|
Post by Totheleft on Mar 9, 2024 17:41:17 GMT
How much is the State Pension increasing by this year? ... From 6 April 2023, the State Pension will increase by 10.1%. annual growth in employees' average total earnings (including bonuses) was 7.2% in August to October 2023.12 Dec Pensions increasing at a higher rate then Them working to pay for your Generous pension. The max state pension will be under £900 a month from April ie under £12000 a year and is taxable Those of working age suffering with lazyitis who can't invent a so called disability might be subject to a benefit cap of of over £1500 a month welfare handouts which is not taxed. If they can invent a disability there is no cap and they can get much higher welfare handouts - not taxable I repeat - what generous pension? If you get the State Pension and a private pension Your pension provider will take off any tax you owe before they pay you. They’ll also take off any tax you owe on your State Pension. If you get payments from more than one provider (for example, from a workplace pension and a personal pension), HM Revenue and Customs (HMRC) will ask one of your providers to take the tax off your State Pension. At the end of the tax year you’ll get a P60 from your pension provider showing how much tax you’ve paid. If the State Pension is your only income If your income is below your Personal Allowance, you usually will not need to pay tax. If you go over your Personal Allowance, HMRC will write to tell you what you owe and how to pay. |
|
|
|
Post by Totheleft on Mar 9, 2024 18:09:24 GMT
Give you a example you said about a lady having to sell her house for social care. No way would I call her a millionaire would you . As things stand, around 80% of pensioners live in homes they own outright.Not all millionaire obviously Proof? Inside Housing www.insidehousing.co.uk › ... Our pension system combined with our housing crisis are a ticking time ... 15 Dec 2023 — As things stand, around 80% of pensioners live in homes they own outright. Most of the rest live in social rented housing |
|
|
|
Post by Totheleft on Mar 9, 2024 18:18:05 GMT
What lazy I gave you example of working man not the unemployed. Even the unemployed pay NI contribution to your Genious pension . I don’t think they do. I think it’s made up by credits Why would they get tax credits if there not paying NI. Credits for unemployed people looking for work If you are unemployed and looking for work you can get credits, provided you are: claiming Jobseeker's Allowance available for and actively searching for work but not in education or doing paid work for 16 hours or more a week These credits count towards State Pension. If you are receiving Jobseeker's Allowance, you do not have to take any action. If you are not receiving Jobseeker's Allowance, you must contact your local Jobs and Benefits office |
|
|
|
Post by Bentley on Mar 9, 2024 18:20:11 GMT
Inside Housing www.insidehousing.co.uk › ... Our pension system combined with our housing crisis are a ticking time ... 15 Dec 2023 — As things stand, around 80% of pensioners live in homes they own outright. Most of the rest live in social rented housing Ok let’s say he’s right . ”A double whammy of low pension savings and high numbers in the private rented sector heads inexorably in one direction: a huge increase in the number of pensioners in poverty, writes Matthew Bailes” The article suggests that the pensioners in their bought houses are not problem . At no time does he suggest that the problem is with pensioners who own houses . He seem to,agree with the right wingers on here . ”Future pensioners will not wish to rely on the basic state pension, which is both modest and exposed to political risk.”….modest .. A pensioner who own their house is less of a burden than a pensioner given pension credits . |
|
|
|
Post by Bentley on Mar 9, 2024 18:24:03 GMT
I don’t think they do. I think it’s made up by credits Why would they get tax credits if there not paying NI. Credits for unemployed people looking for work If you are unemployed and looking for work you can get credits, provided you are: claiming Jobseeker's Allowance available for and actively searching for work but not in education or doing paid work for 16 hours or more a week These credits count towards State Pension. If you are receiving Jobseeker's Allowance, you do not have to take any action. If you are not receiving Jobseeker's Allowance, you must contact your local Jobs and Benefits office You said the unemployed pay National insurance contributions. They don’t . “you are or have been, ill/disabled, unemployed, or caring for someone full-time or on jury service, your National Insurance contributions may be made up by credits.” www.maynardjohns.com/national-insurance-contributions/ |
|
|
|
Post by andrewbrown on Mar 9, 2024 18:32:41 GMT
How much is the State Pension increasing by this year? ... From 6 April 2023, the State Pension will increase by 10.1%. annual growth in employees' average total earnings (including bonuses) was 7.2% in August to October 2023.12 Dec Pensions increasing at a higher rate then Them working to pay for your Generous pension. The max state pension will be under £900 a month from April ie under £12000 a year and is taxable Those of working age suffering with lazyitis who can't invent a so called disability might be subject to a benefit cap of of over £1500 a month welfare handouts which is not taxed. If they can invent a disability there is no cap and they can get much higher welfare handouts - not taxable I repeat - what generous pension? Depends. Some benefits are taxable, including ESA(C). www.gov.uk/income-tax/taxfree-and-taxable-state-benefits |
|
|
|
Post by ratcliff on Mar 9, 2024 18:41:32 GMT
The max state pension will be under £900 a month from April ie under £12000 a year and is taxable Those of working age suffering with lazyitis who can't invent a so called disability might be subject to a benefit cap of of over £1500 a month welfare handouts which is not taxed. If they can invent a disability there is no cap and they can get much higher welfare handouts - not taxable I repeat - what generous pension? What lazy I gave you example of working man not the unemployed. Even the unemployed pay NI contribution to your Genious pension . You've really lost it What on earth are you wittering on about now? The unemployed pay nothing , they do not pay NI , it's ''credited'' to them FOC Do you not understand who pay for welfare spongers and public sector employees ? It's from the tax paid by the private sector worker |
|
|
|
Post by ratcliff on Mar 9, 2024 18:46:38 GMT
The max state pension will be under £900 a month from April ie under £12000 a year and is taxable Those of working age suffering with lazyitis who can't invent a so called disability might be subject to a benefit cap of of over £1500 a month welfare handouts which is not taxed. If they can invent a disability there is no cap and they can get much higher welfare handouts - not taxable I repeat - what generous pension? Depends. Some benefits are taxable, including ESA(C). www.gov.uk/income-tax/taxfree-and-taxable-state-benefitsVery few are taxable Amongst the majority of welfare handouts which are not taxable Tax-free state benefits
The most common state benefits you do not have to pay Income Tax on are:
Attendance Allowance
Bereavement support payment
Child Benefit (income-based - use the Child Benefit tax calculator to see if you’ll have to pay tax)
Child Tax Credit
Disability Living Allowance (DLA)
free TV licence for over-75s
Guardian’s Allowance
Housing Benefit
Income Support - though you may have to pay tax on Income Support if you’re involved in a strike
income-related Employment and Support Allowance (ESA)
Industrial Injuries Benefit
lump-sum bereavement payments
Maternity Allowance
Pension Credit
Personal Independence Payment (PIP)
Severe Disablement Allowance
Universal Credit
War Widow’s Pension
Winter Fuel Payments and Christmas Bonus
Working Tax Credit |
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Mar 9, 2024 20:04:19 GMT
It's pretty clear why most benefits are non taxable, isn't it?
Why give out a benefit to claw some back in tax?
Incidentally it is true to say the State Pension is generally untaxed, because it rarely breaks the tax threshold. (Bentley an exception).
When people have worked for and paid in for both a state and an occupational pension they deserve to receive both.
They also deserve to be taxed if their total income is above the tax threshold.
That tax threshold is too low, and needs to be about £20,000 to prevent people on minimum wages paying tax.
|
|
|
|
Post by sheepy on Mar 9, 2024 20:37:51 GMT
It's pretty clear why most benefits are non taxable, isn't it? Why give out a benefit to claw some back in tax? Incidentally it is true to say the State Pension is generally untaxed, because it rarely breaks the tax threshold. (Bentley an exception). When people have worked for and paid in for both a state and an occupational pension they deserve to receive both. They also deserve to be taxed if their total income is above the tax threshold. That tax threshold is too low, and needs to be about £20,000 to prevent people on minimum wages paying tax. I wouldn't take what Bentley says as meaning much, he thinks he is speaking with idiots, not like we have seen and heard it all before. I guess the Tories know by now they have done what they set out to do, make themselves not worth a vote. |
|
|
|
Post by Bentley on Mar 9, 2024 20:44:07 GMT
It's pretty clear why most benefits are non taxable, isn't it? Why give out a benefit to claw some back in tax? Incidentally it is true to say the State Pension is generally untaxed, because it rarely breaks the tax threshold. (Bentley an exception). When people have worked for and paid in for both a state and an occupational pension they deserve to receive both. They also deserve to be taxed if their total income is above the tax threshold. That tax threshold is too low, and needs to be about £20,000 to prevent people on minimum wages paying tax. I wouldn't take what Bentley says as meaning much, he thinks he is speaking with idiots, not like we have seen and heard it all before. I guess the Tories know by now they have done what they set out to do, make themselves not worth a vote. Give it a rest butthurt. Just cry into a hanky .😁 |
|
|
|
Post by sheepy on Mar 9, 2024 20:46:35 GMT
Told you he is as dumb as a rock; I was talking about him not with him.
|
|
