Student loan re-payment

Guest2 said:
Is this because over £31,786 you get stung with 40% tax? In my opinion its a joke, work hard to get a good education then job, then pay 40% or 45% tax. Most of which goes on welfare - basically paying for scrotes that can't be arsed to learn and/or work. The past 6 months I have worked my sack off doing overtime and out of hours work, only for almost half of it to be taken off me. Backwards
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Should increase the 40% bracket to 70k and add another bracket at 500k at 50%. Most people on the dole are people that have genuinely fallen on hard times, there are many scroungers though which unfortunately comes with giving money for "free".
 
Amp34 said:
I take from the article that essentially it costs around £35k per household to run the UK in its current form.
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For theorys sake, what would happen if every household only earned 20k? The UK would not grind to halt!

Might consider moving to Switzerland or maybe Dubai when I am earning more money
 
Guest2 said:
For theorys sake, what would happen if every household only earned 20k? The UK would not grind to halt!

Might consider moving to Switzerland or maybe Dubai when I am earning more money
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It pretty much would, you could just increase debt, but at some point you would end up like Greece
 
thebennyboy said:
Most people on the dole are people that have genuinely fallen on hard times, there are many scroungers though which unfortunately comes with giving money for "free".
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Incorrect. I have been on the dole twice, the first time for a month and the second time for a week. Everyone in JSA (multiple branches) were just trying to get their money a quick as possible and not look for a job. People were sharing tips on how to get more benefits and I was actually given info on how to claim more benefits by an advisor that worked there!

They should put a limit of a year on JSA before stopping it completely. Its a disgrace that people have been on JSA all their lives. If it was up to me they would be sweeping the streets or doing any old work to cover what they got.

Anyway, back on topic I plan to have my loan paid off by April
 
Skeeter said:
Would the maths of that work? Would losing 20% from all the people earning between £30k and £70k be offset by taking an extra 5% from people earning £500k+?
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Problem arises when at least some of the people earning 500k+ have the accountants and means to ensure that it doesn't show as income, or just base it offshore and avoid UK tax as I'm sure some do.

£30k isn't an unrealistic wage for the average brit to start worrying about having to pay tax on IMO, even 70k is relatively normal for quite a few people, but at 500k I'm sure you have much more interest in where that money is going
 
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