Mum's home, not to give it to equity release or a care home.
Discussion
SpeckledJim said:
Are you as cross about Council Tax (a blatant leftie asset grab!!!111) based on the value of your house as you are about paying for your own care?
It's the same, isn't it?
Little money, little house, little care costs, little council tax
Lots of money, big house, lots of care costs, lots of council tax.
The thing is, if you live in a posh street the poor little millionaire pays the same CT as the multimillionaire and the billionaire. It's the same, isn't it?
Little money, little house, little care costs, little council tax
Lots of money, big house, lots of care costs, lots of council tax.
What's 'fair' about that? And if you think it IS fair, why not deal with income tax the same way with a ceiling on the maximum payable?
We're all sponging off the rich given how much more per capita tax they're paying (apart from the hyper mega rich who pay f
k all)anonymous said:
[redacted]
Nothing has changed other than A is now operated under PFI like State schools and most other State funded facilities. Option B has expanded enormously as the number of people needing the service and with the means to pay has expanded enormously.
Most people pay for B by selling their house. All the State is saying is that they aren’t going to pick up the tab for anyone who has the means to pay their own way.
People seem extremely confused about what is a very simple thing to understand. The State does not exist to pay for people who have the means to pay for themselves.
Meanwhile, most people are busy selling their homes to raise the money to pay for their care needs. And whether they need the money they are still selling their homes as they no longer need them.
But a few people seem to think that they don’t have to pay their own bills and that everyone else should pay for them so they can keep their money. These people are morally wrong, greedy little chiselers like anyone who tries to leach of the State. It’s the exact same principal as people who work for cash and claim benefits.
markcoznottz said:
According to the ons,
'As a consequence, the Government’s revenues from IHT are predicted to grow in an almost linear fashion. Where is this growth likely to come from? Hands up those with estates worth over £1 million. According to HMRC, they already pay around three times as much IHT in total as all the estates worth under a million pounds, up from twice as much in 2009'
Can't see much IHT avoidance there. Why would the increase in an asset be taxed? Presumably to keep you in work. By the way, you being a professional, you would know that tax avoidance isn't illegal.
This is painful.'As a consequence, the Government’s revenues from IHT are predicted to grow in an almost linear fashion. Where is this growth likely to come from? Hands up those with estates worth over £1 million. According to HMRC, they already pay around three times as much IHT in total as all the estates worth under a million pounds, up from twice as much in 2009'
Can't see much IHT avoidance there. Why would the increase in an asset be taxed? Presumably to keep you in work. By the way, you being a professional, you would know that tax avoidance isn't illegal.
1. The reason why those with estates worth over £1m pay the bulk of IHT is because the IHT-exempt allowance is up to £1m
2. My comment about the “increase in asset being taxed” was in response to your suggestion that the wealth people had accrued during their working lives had already been taxed Wealth accruing from house price increases hasn’t been taxed and is never taxed during the Owner’s lifetime.
3. I never said tax avoidance was illegal. However you cannot calculate how much tax was avoided (or even evaded) by looking at tax receipts.
Countdown said:
markcoznottz said:
According to the ons,
'As a consequence, the Government’s revenues from IHT are predicted to grow in an almost linear fashion. Where is this growth likely to come from? Hands up those with estates worth over £1 million. According to HMRC, they already pay around three times as much IHT in total as all the estates worth under a million pounds, up from twice as much in 2009'
Can't see much IHT avoidance there. Why would the increase in an asset be taxed? Presumably to keep you in work. By the way, you being a professional, you would know that tax avoidance isn't illegal.
This is painful.'As a consequence, the Government’s revenues from IHT are predicted to grow in an almost linear fashion. Where is this growth likely to come from? Hands up those with estates worth over £1 million. According to HMRC, they already pay around three times as much IHT in total as all the estates worth under a million pounds, up from twice as much in 2009'
Can't see much IHT avoidance there. Why would the increase in an asset be taxed? Presumably to keep you in work. By the way, you being a professional, you would know that tax avoidance isn't illegal.
1. The reason why those with estates worth over £1m pay the bulk of IHT is because the IHT-exempt allowance is up to £1m
2. My comment about the “increase in asset being taxed” was in response to your suggestion that the wealth people had accrued during their working lives had already been taxed Wealth accruing from house price increases hasn’t been taxed and is never taxed during the Owner’s lifetime.
3. I never said tax avoidance was illegal. However you cannot calculate how much tax was avoided (or even evaded) by looking at tax receipts.
https://www.telegraph.co.uk/tax/inheritance/cut-ca...
It’s from a right wing publication so is written around the premise of individuals paying their own bills which might not suite the Dianne Abbots who expect everyone else to pay for them so they can keep their money.
It’s from a right wing publication so is written around the premise of individuals paying their own bills which might not suite the Dianne Abbots who expect everyone else to pay for them so they can keep their money.
croyde said:
So if you happen to have £23k spare, you fund your care, but according to amounts quoted on this thread, £23k will barely get you a year of being looked after, if that.
What happens when the £23k is gone?
However, if you have moved in to the top floor of the Dorchester while paying your own way then those who are going to be footing your bill going forward will not cover that tab but have a fixed amount great they pay and you will need to downgrade to one of their facilities.
I would heartily recommend anyone who isn’t paying as much as they humanly can into their pensions but preferring to use that money to buy fripperies today to go and visit one of these warehouses that process humans for the purpose of extracting anorofot from the State payment. I’d wager that it will soon make you appreciate one’s priorities in life.
I think voluntary euthanasia has to be made legal. I'd rather enjoy myself whilst relatively young and then just pop in a booth, rather than struggle through old age worrying about money and health.
I'm in my late 50s, business is drying up, still have kids to get through Uni and if I make it to 67, I may get about £20k a year including State Pension (if it still exists).
I already feel miserable thinking about it.
My dear old mum lives in Holland and has a nice life and can even afford trips abroad once a year. Doubt I'll be doing that at her age.
I'm in my late 50s, business is drying up, still have kids to get through Uni and if I make it to 67, I may get about £20k a year including State Pension (if it still exists).
I already feel miserable thinking about it.
My dear old mum lives in Holland and has a nice life and can even afford trips abroad once a year. Doubt I'll be doing that at her age.
croyde said:
I think voluntary euthanasia has to be made legal. I'd rather enjoy myself whilst relatively young and then just pop in a booth, rather than struggle through old age worrying about money and health.
I'm in my late 50s, business is drying up, still have kids to get through Uni and if I make it to 67, I may get about £20k a year including State Pension (if it still exists).
I already feel miserable thinking about it.
My dear old mum lives in Holland and has a nice life and can even afford trips abroad once a year. Doubt I'll be doing that at her age.
Given what you’ve had to go through recently it’s easy to appreciate your current perspective but plenty of youngsters pay their own way through uni and your scenario is only going to improve. I'm in my late 50s, business is drying up, still have kids to get through Uni and if I make it to 67, I may get about £20k a year including State Pension (if it still exists).
I already feel miserable thinking about it.
My dear old mum lives in Holland and has a nice life and can even afford trips abroad once a year. Doubt I'll be doing that at her age.
However, I do feel that if we held an intelligent national vote as to whether we should be legally allowed to attend the start of our funeral alive I think that it would attract the overwhelming majority. I don’t believe for one minute that many people at all want to warehouses as a living shell.
At the same time we live in a country where there is plenty of time and opportunity in which to mitigate the risk of not being able to leave some of our wealth to our children and this has always been the case. As such we have to question why there are people who feel so strongly about doing this who seemingly then to absolutely nothing about it other than to bleat that it’s all someone else’s fault and that the State must give them money.
When we get past the current religion-driven policy of 'God gave you life, only God can take it away' we'll be onto a higher level of civilisation.
We've got as far as agreeing that keeping terribly sick and pained animals alive is cruel.
We haven't yet addressed the very obvious contradiction that brings to our treatment of our fellow man.
We've got as far as agreeing that keeping terribly sick and pained animals alive is cruel.
We haven't yet addressed the very obvious contradiction that brings to our treatment of our fellow man.
T6 vanman said:
Soylent Green …. It's the future 
Sproston Green .... It's the Charlatans https://www.youtube.com/watch?v=QWV7aBzFC6U
Not that I said anything about LA’s owning care homes but rather that it was now mostly all PFI but:
https://www.carehome.co.uk/carehome.cfm/searchazre...
They seem to list 400 or so.
https://www.carehome.co.uk/carehome.cfm/searchazre...
They seem to list 400 or so.
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