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Freedom Pass - eligibility?
In message , at 11:23:49 on
Sat, 22 Jun 2013, Recliner remarked: I would not be surprised to either see the national scheme scrapped altogether, or associated with some proof (via your tax return) that you have actually retired, at some point before 2017. How would my tax return show whether or not I've actually retired? I'm not even sure myself! Any income from employment or self-employment. (Or perhaps, any "taxable income", which would give people their personal allowance as pocket money). But pensions are taxable income. Not in the sense of "income from employment". I recommend you read the HMR&C guidance on the matter. -- Roland Perry |
Freedom Pass - eligibility?
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Freedom Pass - eligibility?
In message , at 11:21:00 on
Sat, 22 Jun 2013, Recliner remarked: They just don't seem to understand the concept of someone who lives comfortably off their investments. It's called "independently wealthy" and several questionnaires do recognise the concept. -- Roland Perry |
Freedom Pass - eligibility?
In article , (Roland Perry)
wrote: In message , at 06:32:50 on Sat, 22 Jun 2013, remarked: I would not be surprised to either see the national scheme scrapped altogether, or associated with some proof (via your tax return) that you have actually retired, at some point before 2017. How would my tax return show whether or not I've actually retired? I'm not even sure myself! Any income from employment or self-employment. (Or perhaps, any "taxable income", which would give people their personal allowance as pocket money). Is being a councillor employment? Different bits of government seem to have different opinions. It doesn't have any hours for Child Tax Credit, for example, it disqualifies from JSA but it is taxed like employment income. I thought many councillors (Cambridge in particular) only claimed expenses. They aren't income. Cambridge councillors are paid the same as all other councillors, Basic Allowances which are the same for everyone and Special Responsibility Allowances for additional responsibilities. Although there is one element of Special Responsibility Allowance which one councillor is refusing to take at present for special reasons, they are paid automatically, with no element of claiming. The main Cambridge difference is that most councillors receive at least some Special Responsibility Allowance, especially opposition councillors, unlike in many Tory and Labour councils where very few opposition councillors get anything. That was the case when the City Council was Labour controlled too, so it's not entirely a party point. What's your salary (for want of a better term) from being a Councillor? The total allowances I receive are below the income tax threshold, even before that threshold was so generously increased at the instance of the Liberal Democrats in the Coalition government. The only councillors whose allowances might taken them over that threshold would be party group leaders and members of the executive who have substantial part-time work commitments. -- Colin Rosenstiel |
Freedom Pass - eligibility?
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Quote:
you will receive each week when you do claim it. I'm playing the same game myself! |
Freedom Pass - eligibility?
On Sat, 22 Jun 2013 13:32:07 +0100, Roland Perry
wrote: In message , at 11:23:49 on Sat, 22 Jun 2013, Recliner remarked: I would not be surprised to either see the national scheme scrapped altogether, or associated with some proof (via your tax return) that you have actually retired, at some point before 2017. How would my tax return show whether or not I've actually retired? I'm not even sure myself! Any income from employment or self-employment. (Or perhaps, any "taxable income", which would give people their personal allowance as pocket money). But pensions are taxable income. Not in the sense of "income from employment". I recommend you read the HMR&C guidance on the matter. But didn't you suggest that the eligibility might be based on any "taxable income", which would include pensions? |
Freedom Pass - eligibility?
On Sat, 22 Jun 2013 17:17:45 +0100, Roland Perry
wrote: In message , at 08:39:16 on Sat, 22 Jun 2013, remarked: The total allowances I receive are below the income tax threshold Which I don't think should be enough to disqualify you in a hypothetical future system which tried to restrict the 'Twirly-card" to genuine retirees. I'm still confused by your definition of "genuine retirees". You seemed to suggest that it could be defined as people not receiving taxable income -- would you have an age limit as well? Or would you only include people not receiving "income from employment"? So you'd not allow a 70-year old part-time worker to get a twirly pass? |
Freedom Pass - eligibility?
On Sat, 22 Jun 2013 13:35:16 +0100, Roland Perry
wrote: In message , at 11:21:00 on Sat, 22 Jun 2013, Recliner remarked: They just don't seem to understand the concept of someone who lives comfortably off their investments. It's called "independently wealthy" and several questionnaires do recognise the concept. Not the ones I seem to get. In any case, I wouldn't call myself wealthy, just that I have enough to generate enough dividend income to live on comfortably. |
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