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Legal, pensions and money

Income tax for pensioners should not exceed £4,000 per year.

(218 Posts)
HUNTERF Tue 12-Mar-13 21:51:42

As people who are receiving higher occupational pensions have often paid a lot of income tax during their working lives should they put a limit of £4,000 a year on the amount of income tax to be paid by any one pensioner per year.

Frank

Bez Tue 12-Mar-13 22:51:31

Anywhere in the world would want your London pension money if you wanted their goods or services. These places never mind where the money comes from they just want to relieve you of it confused

Galen Tue 12-Mar-13 22:52:01

I think it was posted by GN members? Correct?confused

HUNTERF Tue 12-Mar-13 22:52:06

I hear what you are saying Ana but is it fair some of us ex London employees will pay more in tax than what we will get in State pension.

Frank

Bez Tue 12-Mar-13 22:53:10

YES YES YES - if you were paid that sort of money

Galen Tue 12-Mar-13 22:53:29

London employees pay the same tax as anybody else!

HUNTERF Tue 12-Mar-13 22:53:47

Hi gillybob

Where is this shop. I will take my custom elsewhere.

HUNTERF Tue 12-Mar-13 22:55:57

Galen

London employees pay the highest amount of tax per person in the UK especially one's employed within the square mile.

Frank

Ana Tue 12-Mar-13 22:57:08

I can actually see your point, Frank, but you should just be grateful that you have such a huge London pension.

Bez Tue 12-Mar-13 22:57:28

Would that be because they are paid more than anywhere else in UK?

gracesmum Tue 12-Mar-13 22:57:38

But manifestly fair if ex- anywhere else employees not only pay loads of tax but have to pay a pension back to HMRC because they are not worthy to receive?

To answer your question to Ana - yes it is fair that you and they pay your (probably) basic rate pension on all income above the allowance limit set for you and everybody else.

Galen Tue 12-Mar-13 22:58:06

You are including council tax then. That is not income tax and is a separate issue!

gracesmum Tue 12-Mar-13 22:59:40

Frank why do you have to be such a bl***y snob about the fact that you worked in London? As the lady in the song says "That don't impressa me much."

HUNTERF Tue 12-Mar-13 23:00:59

Hi Galen

I am not including council tax.

Galen Tue 12-Mar-13 23:01:13

As the pension you receive was based on your London salary, which allowed for a London allowance, now that you are not London based should it not be proportionally reduced?

Ana Tue 12-Mar-13 23:03:10

Just think, Frank - all that tax you're paying is also paying towards the care costs of those eldery folk you're persuading councils to take responsibility for! Every cloud....grin

HUNTERF Tue 12-Mar-13 23:04:53

Galen

We had to pay for our pensions at the London rate so we are entitled to have them paid at the London rate regardless of where we choose to live after retirement.

HUNTERF Tue 12-Mar-13 23:06:40

Ana

I am making the NHS take responsibility for the care costs not the council.

Frank

Galen Tue 12-Mar-13 23:10:11

Want cake and eat it. Dog in the manger and several others.
Going to bed before I lose my temper over such self centred,self serving, dogmatic, egotism!
And that's being polite!angryangryangry
Goodnight all!moon

annodomini Tue 12-Mar-13 23:18:02

Galen, for the sake of your blood pressure, may I suggest a boycott of a certain person's posts which nobody takes seriously anyway?
Sleep tight. moon

HUNTERF Tue 12-Mar-13 23:19:51

Well. I am taking Andie for his final walk and we are then going to bed.
Andie likes to sleep in his basket in the corner of my bedroom or probably I should say our bedroom.
He does not want a bedroom of his own even though he could have one.
He has another basket downstairs which he sometimes uses in the day.

Frank

Ana Tue 12-Mar-13 23:21:19

Whatever, Frank - at least you're paying more than your fair share towards it! That must make you very happy smile

Ana Tue 12-Mar-13 23:22:20

Basket tax! Now there's an idea...hmm

Eloethan Wed 13-Mar-13 01:39:42

As we've seen recently, people on high earnings have the money to pay experts to devise all sorts of schemes that enable them to pay less than people on much lower incomes. Where's the fairness in that?

Also, everybody is subject to 20% VAT, whatever their income, which disproportionately affects poorer people.

Greatnan Wed 13-Mar-13 05:01:01

Why do so many of you keep falling for this rubbish - don't feed 'em, is the rule.

absent Wed 13-Mar-13 07:03:29

Can you imagine this going on until we are all 150 years old? Another very good reason to die at the right time.