Sunak has decided to help out certain industries - at last.

Urmstongran exactly, we were out last night, local popular restaurant for people who like to be seen, TOWIE, etc (we sit away from them) there were only three/four other tables occupied. In normal circumstances it would have been buzzing.

Urmstongran

It doesn’t matter that the country isn’t officially in lockdown, people are behaving as if we are, with crushing commercial consequences.

Yes, that's why the industry needed help from the chancellor, he must have known they were going to need help from the discovery of the new variant onwards. People have been really scared about losing their jobs. It is this sort of help that Governments can give, it's one of the reasons for their existence.

It doesn’t matter that the country isn’t officially in lockdown, people are behaving as if we are, with crushing commercial consequences.

Dinahmo

Visgir1

growstuff

I certainly worked bloody hard and have virtually no assets - I still have to work and will have to pay National Insurance Contributions, despite being above state retirement age.

Confused.. If you have reached state pension age and are in receipt of your state pension you do not pay NI?

You will have to from April, if you are still working. It is possible to do both- work and have the state pension although some people defer if they continue to work above the retirement age,

We're posting about the same thing.

PS Germanshepherdsmum How about actually justifying why those with assets pay less tax than those with the same income who actually work for a living?

Yeah, yeah, yeah! "The politics of envy" is such a well-used epithet - can't you come up with something new?

In my case, it most certainly isn't the politics of envy because I am not the slightest bit envious of smug people.

No politics of envy from me ... or OH. We have done very well in different ways, and yes, we know about the prejudices of the 70s and 80s when I returned to full time study as a mum of two, and the glass ceiling- and even in the 90s when our daughters fought that very fight.

The fact we have done 'very well' and can afford an excellent standard of living has never made us want to not pay our fair share in taxes to help those who, for all sorts of reasons, have not been able to do the same.

This sounds like the politics of envy growstuff. I wasn't born with a silver spoon in my mouth, neither was my present husband. My parents lived far too frugally in order to have their own very modest property, which I as their only child inherited. I got married in my teens to what turned out to be a very abusive man; I stuck it for 23 years. I could have gone to Cambridge. I studied evenings, weekends and holidays to qualify as a solicitor. Not easy in the 70s in a man's world but I did it and it was incredibly hard to move up the ladder but I did and became a partner, ultimately moving to a partnership with a City firm. The hours I worked and the abuse I took from some household name clients who wanted everything NOW you wouldn't believe, right up until I retired. I haven't had an easy life by any means. So I make no apologies after the sacrifices I've made and the abuse I've taken at home and at work for now having a nice house and 'something to fall back on'. If I could have had a better life believe me I would, but someone had to pay the bills and put food on the table.

Visgir1

growstuff

I certainly worked bloody hard and have virtually no assets - I still have to work and will have to pay National Insurance Contributions, despite being above state retirement age.

Confused.. If you have reached state pension age and are in receipt of your state pension you do not pay NI?

You will have to from April, if you are still working. It is possible to do both- work and have the state pension although some people defer if they continue to work above the retirement age,

GG13 no one has asked you to. Certainly not me and I don't suppose that there are many people. if any, who are interested.

Dinahmo

GG13 Since you are aware that your contributions are going to be increased why did you start on about your assets and leaving property to your children?

I've checked my OP and there way in which it could be misinterpreted to talk about taxing assets.

I replied to germanshepherdsmum not your OP.

I have no intention of disclosing what I will / will not leave to my children on an open forum.

growstuff

I certainly worked bloody hard and have virtually no assets - I still have to work and will have to pay National Insurance Contributions, despite being above state retirement age.

Confused.. If you have reached state pension age and are in receipt of your state pension you do not pay NI?

GG13 Since you are aware that your contributions are going to be increased why did you start on about your assets and leaving property to your children?

I've checked my OP and there way in which it could be misinterpreted to talk about taxing assets.

Some industries have been asking for more clarity and/or financial aid for some time now. The first UK Omicron cases were detected at the end of November.

Sunak has been in California, believed to have been talking to American health providers. I don't think there was any need for those talks at the moment. His time would have been better spent planning for the inevitable.

The govt have been vacillating over the subject of restrictions because they knew that as soon as these were introduced they would have to fork out, yet again.

I just don’t get the “at last” part of the thread title!
It strikes me that Rishi Sunak has responded very promptly to a situation which is only just developing.

Dinahmo

GrannyGravy13

Germanshepherdsmum

I worked bloody hard for my assets. As did my husband and my parents. I think OP is John McDonnell who regarded anyone with anything to leave to their children as wealthy.

ditto, unfortunately it’s one of the cardinal sins on GN…

In this instance no one is talking about taxing your assets. So no, I am not John McDonnell in disguise.

Put simply, someone earning £25,000 pa is going to have to pay extra NIC from next April. Someone with investment or rental profits, or both, totalling £25,000 is not going to have to pay extra income tax and, as you know, you don't pay NI on those sources of income.

So please think about what I've written and what the news wsa about a few weeks when the changes were announced.

I am a few years off retirement age, I pay NI and tax, I am well aware that my contributions as an employee and employer will increase in 2022.

Dinahmo People have short memories.

GrannyGravy13

Germanshepherdsmum

I worked bloody hard for my assets. As did my husband and my parents. I think OP is John McDonnell who regarded anyone with anything to leave to their children as wealthy.

ditto, unfortunately it’s one of the cardinal sins on GN…

In this instance no one is talking about taxing your assets. So no, I am not John McDonnell in disguise.

Put simply, someone earning £25,000 pa is going to have to pay extra NIC from next April. Someone with investment or rental profits, or both, totalling £25,000 is not going to have to pay extra income tax and, as you know, you don't pay NI on those sources of income.

So please think about what I've written and what the news wsa about a few weeks when the changes were announced.

GrannyGravy13

growstuff

Germanshepherdsmum

I worked bloody hard for my assets. As did my husband and my parents. I think OP is John McDonnell who regarded anyone with anything to leave to their children as wealthy.

Many people work bloody hard, but don't have the opportunity to acquire assets.

So why penalise those who have been fortunate ?

Surely folks should aspire to go upwards as opposed to downwards?

Why penalise those who have been unfortunate?

Dinahmo

If the GNers are over the current retirement age then they aren't included in the definition.

At the moment, anybody in employment, who is over the retirement age does not have to pay Class 1 NIC but their employer has to pay Employers' Contributions for them. There is talk of deducting Employee's contributions from those working who are over retirement age - that's as far as it goes.

Self employed people above retirement age do not have to pay Classes 2 and 4 NIC but I suspect that the govt will get around to them.

Employed and self-employed people over state retirement age will have to pay National Insurance Contributions after the latest changes - despite having worked bloody hard until state retirement age!

growstuff

Germanshepherdsmum

I worked bloody hard for my assets. As did my husband and my parents. I think OP is John McDonnell who regarded anyone with anything to leave to their children as wealthy.

Many people work bloody hard, but don't have the opportunity to acquire assets.

So why penalise those who have been fortunate ?

Surely folks should aspire to go upwards as opposed to downwards?

I certainly worked bloody hard and have virtually no assets - I still have to work and will have to pay National Insurance Contributions, despite being above state retirement age.

If the GNers are over the current retirement age then they aren't included in the definition.

At the moment, anybody in employment, who is over the retirement age does not have to pay Class 1 NIC but their employer has to pay Employers' Contributions for them. There is talk of deducting Employee's contributions from those working who are over retirement age - that's as far as it goes.

Self employed people above retirement age do not have to pay Classes 2 and 4 NIC but I suspect that the govt will get around to them.

Germanshepherdsmum

I worked bloody hard for my assets. As did my husband and my parents. I think OP is John McDonnell who regarded anyone with anything to leave to their children as wealthy.

Many people work bloody hard, but don't have the opportunity to acquire assets.

Germanshepherdsmum

I worked bloody hard for my assets. As did my husband and my parents. I think OP is John McDonnell who regarded anyone with anything to leave to their children as wealthy.

ditto, unfortunately it’s one of the cardinal sins on GN…