William Roache on Labour’s £20,000 death tax plans
William Roache MBE, improved well known as Coronation Street’s Ken Barlow, talks about Labour’s skeleton for the “death tax” of up to £20000 per conduct to account the price of the National Care Service.
Acomplete cock up of a country,exployting the least who can hit back…the Elderly.I bet every politicians are well catered for.A2 tier country,the HAVES and the HAVE NOTS !!!!
What I want to know, can anybody tell me please, I have been paying into a pension scheme for years (out of an already taxed income) if I choose to take the lump sum to invest elsewhere it will be subject to tax? Why did I bother trying to be self sufficient in my retirement? Perhaps I should have spent the cash and let Godon Brown take care of me?
We need another world war to clear the decks a bit,governments love wars,good for the economy and industry,get rid of the unemployed by sending them off to face a machinegun,occupy more making munitions and planes.Thats where its all gone wrong,its been too peaceful since the end of the last war(s),throughout history millions have been slaughtered “defending their countries”,now there’s no big wars everyones breeding like rabbits and there’s nothing to cull them.
It’d save a fortune in taxes & would mean that people enjoyed every last bit of life rather than moping around when their still fit and healthy. For those who need homes, they can be provided.
It was only a Bismarckian affectation to the SPD in the first place & it didn’t work even then.
I’m jus saying…
On the more practical side, why not substantially raise the pension age (say 75) & thereby offer higher pensions to those who have retired.
THESE COMMENTS SHOULD BE CONSTRUCTIVE! NOT MOANING! a death tax is wrong in my opinion. but voluntary insurance will be extremely expensive because not many people will do it. its a difficult issue and people saying OAP’s are a blight is wrong….you will be there one day. wouldnt you like to beable to leave something for your children without the government taking 2 nice big bites out of it….1 being death tax and another being inheritance tax
@Babs05
So you pay into an insurance company. “Simple” – Or you could pay into an “investment account” at a bank, and then after the years had passed, hand-over the 8k.
Or everyone could just get completely ripped-off – up to 20k – when their close relative dies.
The lines are open for ideas !
listening to the publics reaction up here regarding the corus shutdown. The majority of the workers feel betrayed by labour afterall it was these very people labour was suppost to protect! many of them were labour supporters before the shutdown therefore this was a safe labour seat, not anymore, there is deep anger here towards brown, mandy nd the ruling labour group on Teesside. labour should be very worried come the general election as many of them will for sure turn there backs on labour.
Isn’t a tax insurance another ‘tax’ wrapped up as ‘voluntary’ so, Bob’s you’re uncle, people ‘think’ it’s fairer than a compulsory levy? Because, ultimately, people will pay it.
On the other hand, taking £20,000 off people, on top if inheritance tax, isn’t ideal. But, considering the average cost of social care is £30,000, it could prove cheaper in the long run.
@NEWMICROMAN
“No guarrantee” – well the state pension is as guarranteed as things get, so why not save 8000 and hand it in to ensure the provision of care when You need it. You just have to Trust, that is why it’s so bad when pension funds go missing.
@RiggOfLancashire
“Using” William Roach ?
I don’t see anyone using him. He appears to be saying what he believes. Or do you think maybe he’s been paid for his great acting ability. What a cynical nightmare !
I don’t know. I’m one of Thatcher’s children. I saw so many ‘good ideas’ start well then go belly up. We all did. How do we trust this one? It’s too important an issue to take a risk on. Mind you – could it be any worse! lol There’s f’all care provision around the country. Each council is free to interpret the rules as they see fit, although I hear that loophole was supposed to be closed. Except too many people still don’t have access to care. Neither of these ideas seem to meet what we need.
A “voluntary insurance scheme”… like, say, a pension?
This whole thing is a pointless attempt to introduce more taxes and nationalise elderly care. What is the point of redistributing money to people who are already too rich to receive means tested funds? It’s robbing peter to pay peter. After taking a slice off the top, of course.
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Comments: 25 comments
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jelfrazie
February 21st, 2010 at 8:50 pm
You’re clearly in the 2nd tier
zeropointemcs
February 21st, 2010 at 8:50 pm
the torys like labour are scumbags
garryentropy
February 21st, 2010 at 8:50 pm
I think Ken owns a ring of power
soundnicetome
February 21st, 2010 at 8:50 pm
Acomplete cock up of a country,exployting the least who can hit back…the Elderly.I bet every politicians are well catered for.A2 tier country,the HAVES and the HAVE NOTS !!!!
Hellothasauras
February 21st, 2010 at 8:50 pm
I would never put my parent in a care home, disgusting standards, I would pay for them to live in their home.
purpleprinc3
February 21st, 2010 at 8:50 pm
Death Tax? Disgusting and dispicable.
Grumpymaggie1
February 21st, 2010 at 8:50 pm
What I want to know, can anybody tell me please, I have been paying into a pension scheme for years (out of an already taxed income) if I choose to take the lump sum to invest elsewhere it will be subject to tax? Why did I bother trying to be self sufficient in my retirement? Perhaps I should have spent the cash and let Godon Brown take care of me?
silver760
February 21st, 2010 at 8:50 pm
We need another world war to clear the decks a bit,governments love wars,good for the economy and industry,get rid of the unemployed by sending them off to face a machinegun,occupy more making munitions and planes.Thats where its all gone wrong,its been too peaceful since the end of the last war(s),throughout history millions have been slaughtered “defending their countries”,now there’s no big wars everyones breeding like rabbits and there’s nothing to cull them.
75goodies
February 21st, 2010 at 8:50 pm
@ismcb4sc you’ll be an old crock some day
tdp1909
February 21st, 2010 at 8:50 pm
What about abolishing retirement altogether?
It’d save a fortune in taxes & would mean that people enjoyed every last bit of life rather than moping around when their still fit and healthy. For those who need homes, they can be provided.
It was only a Bismarckian affectation to the SPD in the first place & it didn’t work even then.
I’m jus saying…
On the more practical side, why not substantially raise the pension age (say 75) & thereby offer higher pensions to those who have retired.
GDL188
February 21st, 2010 at 8:50 pm
THESE COMMENTS SHOULD BE CONSTRUCTIVE! NOT MOANING! a death tax is wrong in my opinion. but voluntary insurance will be extremely expensive because not many people will do it. its a difficult issue and people saying OAP’s are a blight is wrong….you will be there one day. wouldnt you like to beable to leave something for your children without the government taking 2 nice big bites out of it….1 being death tax and another being inheritance tax
ismcb4sc
February 21st, 2010 at 8:50 pm
bloody OAPs are worse than students
Babs05
February 21st, 2010 at 8:50 pm
Pay? Whatchootalkinabout ‘pay’? lol
bertwindon
February 21st, 2010 at 8:50 pm
@Babs05
So you pay into an insurance company. “Simple” – Or you could pay into an “investment account” at a bank, and then after the years had passed, hand-over the 8k.
Or everyone could just get completely ripped-off – up to 20k – when their close relative dies.
The lines are open for ideas !
leap2jump
February 21st, 2010 at 8:50 pm
listening to the publics reaction up here regarding the corus shutdown. The majority of the workers feel betrayed by labour afterall it was these very people labour was suppost to protect! many of them were labour supporters before the shutdown therefore this was a safe labour seat, not anymore, there is deep anger here towards brown, mandy nd the ruling labour group on Teesside. labour should be very worried come the general election as many of them will for sure turn there backs on labour.
bertwindon
February 21st, 2010 at 8:50 pm
@caversmill
But what if you cannot pay ? Insurance is a Very big industry !
impressionsbysimon
February 21st, 2010 at 8:50 pm
Isn’t a tax insurance another ‘tax’ wrapped up as ‘voluntary’ so, Bob’s you’re uncle, people ‘think’ it’s fairer than a compulsory levy? Because, ultimately, people will pay it.
On the other hand, taking £20,000 off people, on top if inheritance tax, isn’t ideal. But, considering the average cost of social care is £30,000, it could prove cheaper in the long run.
bertwindon
February 21st, 2010 at 8:50 pm
@NEWMICROMAN
“No guarrantee” – well the state pension is as guarranteed as things get, so why not save 8000 and hand it in to ensure the provision of care when You need it. You just have to Trust, that is why it’s so bad when pension funds go missing.
bertwindon
February 21st, 2010 at 8:50 pm
@DumblyBrilliant
Oh, do you like calls from “grown-ups” ?
bertwindon
February 21st, 2010 at 8:50 pm
@richardblogger
Do you usually complain untill the price is high-enough to “re-assure” you ?
bertwindon
February 21st, 2010 at 8:50 pm
@RiggOfLancashire
The “Traditional Labour Party” good idea !
bertwindon
February 21st, 2010 at 8:50 pm
@silver760
Better stop burning oil, gas, nd coal then.
bertwindon
February 21st, 2010 at 8:50 pm
@RiggOfLancashire
“Using” William Roach ?
I don’t see anyone using him. He appears to be saying what he believes. Or do you think maybe he’s been paid for his great acting ability. What a cynical nightmare !
Babs05
February 21st, 2010 at 8:50 pm
I don’t know. I’m one of Thatcher’s children. I saw so many ‘good ideas’ start well then go belly up. We all did. How do we trust this one? It’s too important an issue to take a risk on. Mind you – could it be any worse! lol There’s f’all care provision around the country. Each council is free to interpret the rules as they see fit, although I hear that loophole was supposed to be closed. Except too many people still don’t have access to care. Neither of these ideas seem to meet what we need.
Praetonia
February 21st, 2010 at 8:50 pm
A “voluntary insurance scheme”… like, say, a pension?
This whole thing is a pointless attempt to introduce more taxes and nationalise elderly care. What is the point of redistributing money to people who are already too rich to receive means tested funds? It’s robbing peter to pay peter. After taking a slice off the top, of course.
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