Millbrook
Well-known member
Care to expand on your reaction finny?
Labour's October Budget
- Thread starter GibbosEmpire
- Start date
RedAsABeetroot
Well-known member
If unrealised gains are taxable, are unrealised losses offsetable against that unrealised gain?
ThePrisoner
Well-known member
Ah! There's the loophole :D
Acklam_Lad
Well-known member
Got to love the people on here championing a private pension of £30k a year as some sort of lavish amount.
find yourselves in a carehome and it wont even cover 6 months of fees.
call me daft if you like, but after paying into a system for what will be 50 years by the time I am state pensionable, I expect to be getting something back regardless of how decent my Private one will be (which at last estimate is about £40k a year.)
If any government decided to withdraw that and tell people they only get it by means testing you would have open revolt on a level with the poll tax riots.
the only way to get the situation under control is to reduce state reliance, get people working with a sufficient living wage and encouraging people to better themselves.
companies need to be taken to task to pay the wage... not rely on state tax credits to top up a broken system.
find yourselves in a carehome and it wont even cover 6 months of fees.
call me daft if you like, but after paying into a system for what will be 50 years by the time I am state pensionable, I expect to be getting something back regardless of how decent my Private one will be (which at last estimate is about £40k a year.)
If any government decided to withdraw that and tell people they only get it by means testing you would have open revolt on a level with the poll tax riots.
the only way to get the situation under control is to reduce state reliance, get people working with a sufficient living wage and encouraging people to better themselves.
companies need to be taken to task to pay the wage... not rely on state tax credits to top up a broken system.
1finny
Well-known member
Yeah, sure
I can see where you are coming from.
Just felt it was a little pedantic.
It seems a fine line between privilege and good fortune when discussing (say) £100k inheritance from someone.
Millbrook
Well-known member
Thanks, I guess we all have a different take on things and there are probably numerous examples which could be used.
I would call a 25 year old getting access to a £100k trust fund at 25 privileged but a 25 year old getting £100k inheritance lucky or fortunate. The reasoning is that the former has had this set up for them, it's foretold and few are in the position to benefit in that way.
The latter is fortunate that it was not spent, went on care costs, lost in a housing slump, was not guaranteed.
Sounds like the solution is affordable, subsidised care rather than requiring an income above the national average. It's also not fair that the people that lose the Alzheimer's/dementia lottery have such huge costs while people that don't need care avoid them. Almost as if a contribution from all pensioners, proportional to income, can be used to pay for care for the ones that need it. Bet there's a word for that.
1finny
Well-known member
I think there is a different option (not withstanding serious health issues).
We have been conditioned (capitalism) that care homes are the natural state.
It didn’t used to be like that.
We nursed my nana at our house as she went through cancer before she died in lovely bedroom with my mum by her side.
That was early 80’s
We were discussing potential care for us with my son and his partner. She is south Asian heritage.
She was horrified and basically said - ‘you will come and live with us if necessary’.
Community and culture are different.
As was my son’s face when she said it
Roseberrytop86
Member
You are welcome. Love the inverted commas, Are they meant to signify anything in particular ?
Been looking at the FMTTM website for circa 20 years after initially buying FMTTM in the late 80's and never felt like posting, just been happy reading . Obviously getting old now and grumpy. but do have a good knowledge of various posters and their kind comments expressed now and again.
1finny
Well-known member
Welcome to the fold.
You will be aware there are loads of decent posters on here - we all have our moments though.
Seems to me the older and grumpier we are - the easier we find it to remind each other about kindness.
WeeGord
Well-known member
Thanks, then as a long standing member you'll no doubt be aware that as far as I remember, the only insult I think I've used on here is scum when describing the Tories.
Not sure that really warrants a bit of a sarcasm from your old and grumpy self but each to their own.
Glad you otherwise enjoy the board.
Yeh, other cultures are much more used to multi generational living within one household.I think there is a different option (not withstanding serious health issues).
We have been conditioned (capitalism) that care homes are the natural state.
It didn’t used to be like that.
We nursed my nana at our house as she went through cancer before she died in lovely bedroom with my mum by her side.
That was early 80’s
We were discussing potential care for us with my son and his partner. She is south Asian heritage.
She was horrified and basically said - ‘you will come and live with us if necessary’.
Community and culture are different.
As was my son’s face when she said it
I know there are a few major stumbling blocks with this. One being that most people don't have the space, or the time, to provide the required level of care. Another is that people move around a lot more now. I don't live near my parents and my wife's parents aren't nearby either. Neither of our siblings are near us or our parents either. We're all spread out and that's fairly common these days. If/when our parents need help/care/support I'm not sure how it'll work.
homesickblues
Well-known member
If you dont need care when you are old i think you are lucky. health issues can happen to anyone and the care system is very expensive as mentioned above. savings or pension wont go far with costs of £1300/week. However expensive my experience of the care system for my parents is first class.
My grandma has just gone into care, around that same price point and the home is fantastic but unfortunately a lot of the other places are severely lacking. Yes they are cheaper, but still almost £1000/week. It isn't sustainable.
