New Posts For Thread: Unfair State aidhttps://community.betfair.com/chit_chat/go/thread/view/94038/30834099/unfair-state-aidWe've had the "Big Society" (whatever that was), then "we were all in it together", now the current Prime Minister wants a fairer society. Laudable but how does that square with additional State aid being given to the richest. By this I mean tax reliShabThe over 40 idea is a novel one but would probably be considered discriminatory. I still believe that relief should be limited to 20% or thereabouts for everyone which is still a decent return. Also, more needs to be done to educate people on finhttps://community.betfair.com/chit_chat/go/thread/view/94038/30834099/unfair-state-aid?post_id=551494417#551494417ShabThe over 40 idea is a novel one but would probably be considered discriminatory. I still believe that relief should be limited to 20% or thereabouts for everyone which is still a decent return. Also, more needs to be done to educate people on finSat, 25 Mar 2017 09:39:57 -0500When the idea was considered prior to the 2016 March Budget one of the proposals was an equalization of relief at 33%.But that has an obvious flaw. If you were 50, still working and earning under £43k, and had £100k in assets outside of a pension,https://community.betfair.com/chit_chat/go/thread/view/94038/30834099/unfair-state-aid?post_id=551491047#551491047When the idea was considered prior to the 2016 March Budget one of the proposals was an equalization of relief at 33%.But that has an obvious flaw. If you were 50, still working and earning under £43k, and had £100k in assets outside of a pension,Fri, 24 Mar 2017 18:26:06 -0500When income crosses the £43k line ( roughly ) the level of income taxation reduces.How can he say that, you might ask? Employees NI reduces from 12% to 2%, but PAYE increases from 20% to 40%, so an overall increase of 10% surely. No. Because peoplehttps://community.betfair.com/chit_chat/go/thread/view/94038/30834099/unfair-state-aid?post_id=551490479#551490479When income crosses the £43k line ( roughly ) the level of income taxation reduces.How can he say that, you might ask? Employees NI reduces from 12% to 2%, but PAYE increases from 20% to 40%, so an overall increase of 10% surely. No. Because peopleFri, 24 Mar 2017 17:32:17 -0500Shab,When the idea was considered prior to the 2016 March Budget one of the proposals was an equalization of relief at 33%. Personally I thought that this was too high, but at least it would have been fairer and it does show a recognition of the needhttps://community.betfair.com/chit_chat/go/thread/view/94038/30834099/unfair-state-aid?post_id=551482311#551482311Shab,When the idea was considered prior to the 2016 March Budget one of the proposals was an equalization of relief at 33%. Personally I thought that this was too high, but at least it would have been fairer and it does show a recognition of the needThu, 23 Mar 2017 18:56:50 -0500I see your point, but there are 2 flaws. Firstly, if a person with a very small wage/pension pot was to be given relief at 40%, then they would likely only be a 20% taxpayer on retirement, so the Government would lose out. Secondly, to give relief athttps://community.betfair.com/chit_chat/go/thread/view/94038/30834099/unfair-state-aid?post_id=551481953#551481953I see your point, but there are 2 flaws. Firstly, if a person with a very small wage/pension pot was to be given relief at 40%, then they would likely only be a 20% taxpayer on retirement, so the Government would lose out. Secondly, to give relief atThu, 23 Mar 2017 18:22:25 -0500Shab,Ask a BRT whether he/she would like a £100 investment to cost them £60 instead of £80 or, to use your vernacular, would they like the same amount of tax exemption. I can imagine their reply.Also, with the larger exemption the BRT could affordhttps://community.betfair.com/chit_chat/go/thread/view/94038/30834099/unfair-state-aid?post_id=551481657#551481657Shab,Ask a BRT whether he/she would like a £100 investment to cost them £60 instead of £80 or, to use your vernacular, would they like the same amount of tax exemption. I can imagine their reply.Also, with the larger exemption the BRT could affordThu, 23 Mar 2017 17:28:57 -0500The main thrust of my OP was fairness and I fail to see why one section of society should get more State aid than another merely because they earn more.A very strange point of view. This money is salary earned by an individual - it is NOT money the Ghttps://community.betfair.com/chit_chat/go/thread/view/94038/30834099/unfair-state-aid?post_id=551481491#551481491The main thrust of my OP was fairness and I fail to see why one section of society should get more State aid than another merely because they earn more.A very strange point of view. This money is salary earned by an individual - it is NOT money the GThu, 23 Mar 2017 17:04:03 -0500Bongo,Thank you for your support.Although I'm in favour of charitable giving I do not agree with the low pencentage of their income which actualy finds its way to their particular cause.https://community.betfair.com/chit_chat/go/thread/view/94038/30834099/unfair-state-aid?post_id=551481183#551481183Bongo,Thank you for your support.Although I'm in favour of charitable giving I do not agree with the low pencentage of their income which actualy finds its way to their particular cause.Thu, 23 Mar 2017 16:22:49 -0500Agree with Orpheus - tax relief for pensions and charities should be equal across all incomes.We should also equalise inheritance tax, corporation tax and stamp duty at the same correct level for allhttps://community.betfair.com/chit_chat/go/thread/view/94038/30834099/unfair-state-aid?post_id=551481109#551481109Agree with Orpheus - tax relief for pensions and charities should be equal across all incomes.We should also equalise inheritance tax, corporation tax and stamp duty at the same correct level for allThu, 23 Mar 2017 16:10:34 -0500ah, now that's surprised me you're right, why should I be what I am not, and not be what I am.that would be silly :)https://community.betfair.com/chit_chat/go/thread/view/94038/30834099/unfair-state-aid?post_id=551481057#551481057ah, now that's surprised me you're right, why should I be what I am not, and not be what I am.that would be silly :)Thu, 23 Mar 2017 16:01:06 -0500