Just Awful

[Red Lead Ted]

I do object that my neighbours on Benefits DO NOT pay taxes, Income taxes or Council Taxes and have never ever paid one penny into the system.
I have paid taxes all my life for 65 years a Tax Payer, I pay Council Taxes and they Tax my State Pension that I paid for .
Something wrong there.
As regards the NHS, I would not be here but for them. The Left do use it for the gullible as a political football.
Brian

Well Brian, If these migrants have found the land of milk and honey, And can learn very quickly how to tick all the right boxes, Lets learn them capable to fire a gun. And defend this great country, We may need there services if the Falklands kicks off and the people want what they do. To be British Terry,

[happy daze john in oz]

John #42, how come you have to pay tax on your pension? All our contributions were post tax so no more to pay.
Rodders #46 know what you mean, last time in UK 2013 as thinking of going to see a mate in Telford. en I saw the cost of the train fare, for two almost 800 GBP . All I wanted was to travel not buy the bloody train!

[j.sabourn]

#52... John been through this before and on others advice on here the same question I phoned the taxman himself. The accountant is correct. You cant add my pensions to the wifes and divide by 2. I pay tax, the wife does not. I am stuck with it whether I like it or not. The bigger pensions are in my name and are classed as income and that is it. I don't want to tie my money up. What little I have I want to be able to go and use when and where I like. If I want a new car will go and buy, am thinking about moving into an apartment which will take up all savings, so will be no tax on interest, in fact if I could I would claim any extras possible through the welfare systems if such existed, the taxman has had his lot from me as far as I am concerned, but know at the end of the tax year will be paying again so make allowances and put this money to one side. Cheers JS

[Keith Tindell]

From this year in the UK, it is possible to transfer a small ammount of your wifes or partners income tax allowance, so if she is not using all of her allowance, you can transfer a £1000, still only worth about £200 in terms of tax paid, but i am claiming ours anyway, KT

[Keith Tindell]

The link for the above for anyone interested is Register your interest in Marriage Allowance - GOV.UK KT

[Captain Kong]

What happens if your not married, ?? just living together, whats the difference? should get the same.
We have been together for 31 years, not married, why should we, not having any kids, so we are still courting and do not want to spoil a good relationship by getting married, but the Government is against this.
Brian

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Well Brian, If these migrants have found the land of milk and honey, And can learn very quickly how to tick all the right boxes, Lets learn them capable to fire a gun. And defend this great country, We may need there services if the Falklands kicks off and the people want what they do. To be British Terry,

Hi Terry ,
these people Do Not want to be British, just the British Money,
#
If you train them to use a gun they would turn it on us. They have No intention of defending our country only wanting to take over eventually. These are the enemy within waiting for the call./
Brian.

[Red Lead Ted]

Brian, I wouldn't argue with that assumption, The enemy within, Isnt it amazing how Theresa may, Home Secretary has suddenly turned her back on certain radicals in this country, Why wasn't this done 4 years ago when her party took power. Anyone would think there is a general election on the way Terry,

[Keith Tindell]

Brian, ref 56, i am pretty sure your partner is also able to transfer part of her allowance if not used, KT

[Rodney Mills]

The U.S. Social Security act (Federal Pension Scheme) was enacted by President Franklin Roosevelt in 1935. It was created to offer—to every employed and self employed person—an income slightly above poverty level, and since 1950 has been adjusted annually to achieve that aim. The current average payment per annum is $1250. per month. Poverty level is $958. a month.

The payroll deduction is based upon a percentage of your earnings up to $112,000. p.a.. Which means an executive who makes $225,000. p.a. will stop paying into the fund at $112,000. (six months of earnings) and make no further contributions for the balance of the year.

Minimum pay workers and those earning below the $112,000. (raised annually) will pay for the full year. Those working less years than prescribed take less (me), and those earning less naturally receive less based on a sliding scale to just above the annual poverty level, which I think is $11,500.p.a..

Assume a contributor works to age 60, he/she can start to draw 80% of full pension, or they can continue working to 65 and collect 100%. The age to retire is slowly rising annually to age 67.

Of course these are simple examples of a complicated program.

The Social Security act was not intended to be the sole income one is supposed to live on. Cappy is correct, savings and investment is what is supposed to be used as an addition to the pension.

In the states there are additional forms of financial support to those who are relying solely on Social Security, there are Food Stamps, Rent Assistance, Child Assistance, heating and utilities, etc.

Cheers, Rodney

[happy daze john in oz]

There are some big differences between countries when it comes to pension both private and state. Defacto here in Oz are usually treated the same way as married, but we have a superannuation system which in time will see the state pension gone except for some very odd cases.