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October 25 2021 3.08am

Workers to pay for social care

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View Rudi Hedman's Profile Rudi Hedman Flag Caterham 08 Sep 21 12.38am Send a Private Message to Rudi Hedman Add Rudi Hedman as a friend

Originally posted by DanH

Agree with a lot of this. The idea and principle is sound. How itís being funded in the short term really isnít.

I think so too. And the people they should tax a bit more for this via non work incomes will benefit sooner from not having to pay over the same in real terms equal to £86,000 in October 2023 if theyíre unable to look after themselves in old age. Thereís effectively a chunk of people gaining this old age security for less of a tax burden, and after years of not paying this higher NI the younger generations will do from scratch.

 


COYP

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View Jacey's Profile Jacey Flag 08 Sep 21 8.12am Send a Private Message to Jacey Add Jacey as a friend

All employees choosing to work after the age of 66 will also be paying increased NI.
Government's having been struggling with this issue for well over twenty years and have all spectacularly failed to agree on the way forward.
At least a plan has been formulated,like it or not,and clearly,there are winners and losers.
Dividends now to be included,but not,for the time being,landlord rental income.Why ??

 

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View Mapletree's Profile Mapletree Flag Croydon 08 Sep 21 9.07am Send a Private Message to Mapletree Add Mapletree as a friend

In Germany pensioners pay, split 50:50 with their pension provider, up to a cap.

As a pensioner, you pay the same health insurance contribution rate of 15.9%, just like other insured parties. This contribution rate is a combination of the general contribution rate of 14.6% and the additional contribution of 1.3%. For nursing care insurance, as well, you pay the same contribution as any other insured party. In 2019, the contribution rate for nursing care is 3.05%.
The contributions for health and nursing care insurance are calculated on the basis of your individual income. The following sources of income are taken into account in this case:

Statutory pensions under the German pension insurance scheme and agricultural pensions
Foreign pensions
Benefit payments from your former employer
Earnings from lump-sum benefits and lump-sum settlements
Income from self-employed work (earned income)

 

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View Dubai Eagle's Profile Dubai Eagle Flag 08 Sep 21 9.21am Send a Private Message to Dubai Eagle Add Dubai Eagle as a friend

I tend to take a kind of relaxed view of this sort of thing - not because I don't care but because there is naff all I can do about it -

Tory breaks Manifesto promises - Nothing really new there & given that we went into Brexit without really knowing what it would actually mean / cost (it was a kind of suck it & see situation) & then Covid came along with all that it brought with it, something no one has known in living memory so all told I am not surprised that manifesto promises made in 2019 were broken.

Overall - the cost has to be carried somewhere, there will inevitably be winners & losers in this - all I ask is that we as a country come up with the fairest way possible to get maximum benefit for what we are trying to achieve, that we stop wasting money on ridiculous projects that non one wants / needs & when we send money overseas we carry out realistic sufficient due diligence to see that the overseas donations really do get utilised where they are needed

 

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View Mapletree's Profile Mapletree Flag Croydon 08 Sep 21 9.28am Send a Private Message to Mapletree Add Mapletree as a friend

1.3m young people take out a student loan each year in the UK. That results in what effectively is an increase in their tax rate of 9%.

 

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View Rudi Hedman's Profile Rudi Hedman Flag Caterham 08 Sep 21 9.32am Send a Private Message to Rudi Hedman Add Rudi Hedman as a friend

The pledge that people in care wonít spend any more than £86,000 on their care starting from October 2023 is just the care part of the costs. It doesnít include the accommodation and food etc. As nursing home care is £1,350 per week minus maybe £150-£180 government subsidies, just how much of the rest is kept score until it reaches the £86,000? As homes that arenít nursing homes are around £1,000, I doubt itís very much at all. I expect many will die before they reach the £86,000 or have blown all their house sale money on nearly £1,000 per week.

 


COYP

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View Mapletree's Profile Mapletree Flag Croydon 08 Sep 21 9.43am Send a Private Message to Mapletree Add Mapletree as a friend

Originally posted by Rudi Hedman

The pledge that people in care wonít spend any more than £86,000 on their care starting from October 2023 is just the care part of the costs. It doesnít include the accommodation and food etc. As nursing home care is £1,350 per week minus maybe £150-£180 government subsidies, just how much of the rest is kept score until it reaches the £86,000? As homes that arenít nursing homes are around £1,000, I doubt itís very much at all. I expect many will die before they reach the £86,000 or have blown all their house sale money on nearly £1,000 per week.

It takes roughly 3.5 years to reach the cap at current rates, following which only the care element is funded. Few people live in Care Homes for that length of time.

The average life expectancy in UK care homes is 24 months for care homes without nursing and 12 months for care homes with nursing.


Edited by Mapletree (08 Sep 2021 9.44am)

 

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View fromtherope's Profile fromtherope Flag In the woods of deepest Surrey 08 Sep 21 9.54am Send a Private Message to fromtherope Add fromtherope as a friend

Tax the rich, tax the rich. Came the plaintiff cry for the benefit scroungers, left wing luvvies and all sorts of talking heads on the news last night.

I am not rich, I am not poor. I have worked all my life and now run my own business and employ a couple of people.

I have a nice house, three kids settled and in their own properties because I worked hard to be able to fund them.

I pay my taxes and then some and I will happily bear the revised taxes that are due to hit.

And yet the feckless want me to throw even more money in the pot so they don't have to work, so we can give houses et al to the current flood of migrants and pour money to to oversea aid to feed the fat cats in those countries.

And where is the so call Opposition in all of this. No ideas, no alternatives just a bunch of hindsight time wasters whinging away.

Right, enough said time to work on my business, revise my investments to make more money and fund the things I care about... My Family

 


I am enjoying being back at Selhurst and having a beer with my mates just like we have done for the past 40 years. Through Thick and thin we stick with our club. Not chairman, players or managers, OUR CLUB!

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View Rudi Hedman's Profile Rudi Hedman Flag Caterham 08 Sep 21 10.04am Send a Private Message to Rudi Hedman Add Rudi Hedman as a friend

Originally posted by Mapletree

It takes roughly 3.5 years to reach the cap at current rates, following which only the care element is funded. Few people live in Care Homes for that length of time.

The average life expectancy in UK care homes is 24 months for care homes without nursing and 12 months for care homes with nursing.


Edited by Mapletree (08 Sep 2021 9.44am)

Could you break this down please?

How much of the costs incurred by someone in either type of care are counted towards the £86,000 that then become Ďfreeí (to them)?

What are the amounts youíre using?

Full costs for both types of care?

Amount that goes towards the £86,000 in both types of care?

The rest that doesnít go towards and theyíll be paying for however long they live in both types of care?

Iíve sort of assumed itís £1,000 or £1,200 (after govt aid) per week at full cost.

 


COYP

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View Teddy Eagle's Profile Teddy Eagle Flag 08 Sep 21 10.05am Send a Private Message to Teddy Eagle Add Teddy Eagle as a friend

Originally posted by DanH

Have you seen the average wage to house price ratio over the last 50 years?

There are about 25m homes in the UK and during those 50 years the UK population has increased by 13m. Regardless of the reasons for that increase there arenít enough dwellings available and selling off council properties and the attraction of buy to let havenít helped.

 

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Yellow Card - User has been warned of conduct on the messageboards View Hrolf The Ganger's Profile Hrolf The Ganger Flag 08 Sep 21 10.07am Send a Private Message to Hrolf The Ganger Add Hrolf The Ganger as a friend

Originally posted by Orange1290


Yep, the usual denial from the blinkered. Often looking in from the outside the real situation can be seen, it's called perspective of which you seem to have very little.

You don't even live in Britain.

Who cares what you think.

 

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View Rudi Hedman's Profile Rudi Hedman Flag Caterham 08 Sep 21 10.13am Send a Private Message to Rudi Hedman Add Rudi Hedman as a friend

Originally posted by Teddy Eagle

There are about 25m homes in the UK and during those 50 years the UK population has increased by 13m. Regardless of the reasons for that increase there arenít enough dwellings available and selling off council properties and the attraction of buy to let havenít helped.

Yes, these are part of the reasons why home ownership is beyond reach of more than ever before, and itís getting worse. And these reasons arenít their fault, so just saying Ďíwe had it hard tooíí when itís much harder now, addresses nothing. In the Ď60s a couple in their 20ís could get on the property ladder, even if it was in need of repair. Absolutely no chance of that now until a decade later or more, sometimes never.

Edited by Rudi Hedman (08 Sep 2021 10.15am)

 


COYP

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