@ToryWipeout Not strictly true. They will if they pay more than ยฃ2k into their pension. And freezing thresholds makes people worse off in real terms if not nominal.
@mybrainfarted17@CharlesHThyme@Angelcalling5 The top 1% earn 12.6% of all income, and the bottom 50% earn 24.4%.
The top 1% pay 26.6% of all income tax (2.1x their fair share) whilst the bottom 50% pay 9.9% of all income tax (0.4x their fair share).
@Chris_EvansMP Unfortunately Chris the arrogance of this Labour government is off the scale. Lessons wonโt be learnt, it will only get worse - how the party thinks it can tax its way to prosperity is beyond comprehension.
Best of luck and maybe time to defect before itโs too late?
She was deemed to have an interest as her son was the main (possibly only) beneficiary of the trust and he was under 18. These rules are pretty well established to stop tax being avoided. For example you canโt just put ยฃ100k of your money into a minor childโs name to make use of their personal allowances - you pay tax on their interest at your marginal rates. They are the rules, and ignorance of them is no defence whether we like Mrs Rayner or not.