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Off Topic Starmer/Reeves: The Dream Team!

Discussion in 'Sunderland' started by Blond Bombshell, Mar 26, 2025.

  1. vic9

    vic9 Well-Known Member

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    Can’t comment on the media stuff mate,as I don’t watch or listen to the media a great deal but it really boils my piss the seemingly double taxation of your pension
     
    #461
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  2. rooch 3

    rooch 3 Well-Known Member

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    Read previous post.
     
    #462
  3. vic9

    vic9 Well-Known Member

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    I read that mate,fair enough it’s just the frustration of paying into the system all your working life then still coming back for more in retirement
     
    #463
  4. rooch 3

    rooch 3 Well-Known Member

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    I agree it’s frustrating mate, that’s why I believe the threshold should be raised to take the lower paid out of paying tax.
    I remember in the 70s the highest tax was 98 pence in the pound, if I remember correctly.
     
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  5. Montysoptician

    Montysoptician Well-Known Member

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    Don't know what you mean by double taxation of pensions vic, my pension isn't double taxed, my income over my personal allowance, currently £12570, is taxed; like it has been all through my working life.
     
    #465
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  6. Montysoptician

    Montysoptician Well-Known Member

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    My pension was non-contributory Rooch, but I think you are right, normally pension contributions are taken before income tax so you don't pay tax on them.
     
    #466

  7. vic9

    vic9 Well-Known Member

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    Aye mate I know that’s why I said seemingly,just frustrated with the system and threshold
     
    #467
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  8. Montysoptician

    Montysoptician Well-Known Member

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    I believe there should be a personal allowance specifically for pensioners and set at a threshold that takes most pensioners out of paying tax completely.

    If it was set at £40,000 as an example, the majority of pensioners would be tax free and only the wealthy/rich would be liable to pay tax. There’s a massive difference between a pension income of £15,000 and one of £1,000,000.

    They get our money and house anyway if we need residential care in our dotage.
     
    #468
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  9. Gordon Armstrong

    Gordon Armstrong Just another S.A.F.C. fan Forum Moderator

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    The government would only be able to nick our money and houses if they weren't protected . . . . they can be via trusts etc.
     
    #469
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  10. Montysoptician

    Montysoptician Well-Known Member

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    That's not as easy as people think Gordon
     
    #470
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  11. vic9

    vic9 Well-Known Member

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    Fancy putting up for chancellor,I’ll vote for you <cheers>
    Why can’t governments come up with something along these lines
     
    #471
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  12. Row 3

    Row 3 Well-Known Member

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    Because anyone proposing this wouldn't get elected. I can see an argument that the state pension shouldn't be taxable, after all no other benefits are. But £40k tax free allowance? Haway man <laugh>
     
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  13. Saf

    Saf Not606 Godfather+NOT606 Poster of the year 2023

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    I could be wrong but I don’t think it’s double taxation. I think they club your private and state pension together and whatever is over the limit gets taxed on your private pension.
     
    #473
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  14. Evil Jimmy Krankie

    Evil Jimmy Krankie Well-Known Member

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    My parents did it a couple of years back. Agreed, not easy, but definitely not insurmountable. Took them about three months back and forth with solicitors. I reckon some of it was them having to get hard copy wet signatures from us here in Australia.
     
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  15. Montysoptician

    Montysoptician Well-Known Member

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    My sister and her family tried to do it a few years back EJK. I’m not entirely sure what happened but, it was quite expensive and they still sold her house to pay for her care.

    I do know that if the deeds of a house are handed over to family and the person subsequently goes into care and the council suspect that it was done to avoid paying care fees, they will consider it deliberate deprivation of assets and the value of house will still be part of the financial assessment

    I spoke to a solicitor mate about just after I retired and his exact words were “the council are not fu**ing stupid man.” :emoticon-0102-bigsm
     
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    Last edited: Jul 22, 2025 at 8:40 PM
  16. Montysoptician

    Montysoptician Well-Known Member

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    Sod that vic, I can't even run a house budget, the missus does that and gives me pocket money :emoticon-0102-bigsm
    I don't think pensioners are a priority of government, especially Labour, because historically they are mainly Conservative voters.
     
    #476
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  17. Saf

    Saf Not606 Godfather+NOT606 Poster of the year 2023

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    Well done Greece <applause>

     
    #477
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  18. Makemstine Roger

    Makemstine Roger Well-Known Member

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    While Rachel of thieves keeps quiet the cat is out of the bag how she hid her money in offshore accounts, so much for the dream team


    Sunderland Council Corruption ·
    Bryan Stephenson
    ·22 June·

    Rachel Reeves caught moving her pensions/ earnings offshore to avoid inheritance tax , while everybody else is being ripped off, her assets have been seized and bank accounts frozen what the hells going on

    Reeves under investigation by Parliament for non- ...


    30 Apr 2025 — Rachel 'Freeze' Reeves has claimed £1000s in energy bills on30 Apr 2025 — Rachel 'Freeze' Reeves has claimed £1000s in energy bills on second home. Chancellor Reeves has cut Winter Fuel Allowance for pensioners but
     
    #478
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  19. Row 3

    Row 3 Well-Known Member

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    Ah yes, Facebook, the bastion of truth. Even the bloke who posted it has said he doesn't know if it's true <laugh><laugh><laugh>
     
    #479

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