[News] £10,000 to every citizen under 55....

[Rugrat]

Yeah, but we all know that, that is highly unlikely to be where the majority of this money will be spent, I would forecast a boost in holidays booked in Benidorm for the month after the payout....

Sky subscriptions would get a healthy boost too

 

[studio150]

Why the 55 age cut off, given that retirement ages are being pushed up. Should it not be open to anyone who is not receiving nor eligible to receive the state pension.

However, given the comment

Anyone receiving the "dividends" would not be able to claim any tax allowances, which the RSA says would act as a disincentive to wealthier earners wanting to apply for the handout.

does this effectively mean that if you are working, all you are doing is swapping the tax free allowance for this dividend, and are effectively worse off, given that the £10,000 is payable over two years, but you will have given up your tax allowance for two years, and therefore all your wages will be taxed.

Therefore it would seem, the dividend would only benefit those who are not working, and will not be working for 2 years.

If this is the case, the dividend would seem to be pointless.

I assume therefore that either I have totally misread the report, or the report is poorly worded.

 

[maffew]

asking for a baby boom

 

[crookie]

I must have missed something. Where is, and what have we been using this Sovereign Wealth Fund for up to now ? Most oil rich countries have one, but I was under the impression we pi**ed our North Sea Oil revenue up the wall in the 80's and all we have now is a massive Sovereign Debt.

 

[BensGrandad]

I have heard of some weird and wonderful ideas but this takes the biscuit. What justification can there be for granting it and anybody have for being given it.

 

[Herr Tubthumper]

Why the 55 cut-off, we've paid a lifetime of taxes etc.,would be nice to get something back.

Free education? Cheap housing? Triple locked pensions?

 

[Gazwag]

Why the 55 age cut off, given that retirement ages are being pushed up. Should it not be open to anyone who is not receiving nor eligible to receive the state pension.

However, given the comment

Anyone receiving the "dividends" would not be able to claim any tax allowances, which the RSA says would act as a disincentive to wealthier earners wanting to apply for the handout.

does this effectively mean that if you are working, all you are doing is swapping the tax free allowance for this dividend, and are effectively worse off, given that the £10,000 is payable over two years, but you will have given up your tax allowance for two years, and therefore all your wages will be taxed.

Therefore it would seem, the dividend would only benefit those who are not working, and will not be working for 2 years.

If this is the case, the dividend would seem to be pointless.

I assume therefore that either I have totally misread the report, or the report is poorly worded.

If you lost the personal allowance you would only be £2,300 a year worse off so a £2,700 net gain a year

 

[vegster]

I'd be using it to buy shares in Gregg's, Pringles and Poundland either that or buy in to a Domino's Pizza franchise....that's our nations future.

 

[half time scores]

sniff and tarts

Would be a winner, although the word Strumpet would also work.

 

[happypig]

If they bring this in before June, then I'm 100% in favour but if they bring it in after, I'm 100% opposed.

Oh and I would blow it on cocaine and hookers.

 

[sydney]

Would be a winner, although the word Strumpet would also work.

strumpet and trumpet ... bag 'n slag....

 

[half time scores]

strumpet and trumpet ... bag 'n slag....

Strumpet voluntary.

 

[DataPoint]

Free education? Cheap housing? Triple locked pensions?

Stunning ignorance! Why don't you just pay seniors to die?

 

[BensGrandad]

I cannot see the logic of this other than as a vote catcher.

 

[Hampster Gull]

An ongoing monlthy payment to all citizens of the U.K., regardless of age, income, occupation etc. Worth exploring this in depth