{"id":103623,"date":"2019-02-02T14:00:25","date_gmt":"2019-02-02T07:00:25","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/oldies-are-pampered-we-should-offer-a-new-deal-to-the-young-patrick-collinson\/"},"modified":"2019-02-02T14:02:49","modified_gmt":"2019-02-02T07:02:49","slug":"oldies-are-pampered-we-should-offer-a-new-deal-to-the-young-patrick-collinson","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oldies-are-pampered-we-should-offer-a-new-deal-to-the-young-patrick-collinson\/","title":{"rendered":"Oldies are pampered. We should offer a new deal to the young | Patrick Collinson"},"content":{"rendered":"


\nOlder people benefit from a raft of tax reliefs, while Generation Rent has been dealt a bad handAt the lovely Meyrick hotel in Galway, I had my first experience of a freebie solely because I had just tipped over 55 years old. The hotel pointed out I could now benefit from their \u201cgolden years\u201d package, knocking quite a bit off the price. Meanwhile at my gym, I now qualify for a low-cost deal because I\u2019m over 55. And in a few years\u2019 time I get the big one: the TfL pass giving free 24-hour travel over the city\u2019s entire transport network.I shall continue to benefit from sizeable tax relief on my pension contributions \u2013 worth far more to older people like me on higher salaries, as I obtain 40% tax relief, while young people on smaller salaries get just 20% relief. I also benefit from Isa tax relief as I can afford to save when young people can\u2019t. Then there is the juiciest of all tax reliefs: no capital gains tax when I sell my home \u2013 while Generation Rent grimly hand half or more of their take-home pay to landlords. Continue reading…
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\nSource : theguardian.com
\nRead more…Oldies are pampered. We should offer a new deal to the young | Patrick Collinson<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Older people benefit from a raft of tax reliefs, while Generation Rent has been dealt...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-103623","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-qXl","jetpack-related-posts":[{"id":51144,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tax-relief-cut-doesnt-add-up-for-landlords-plus-bank-warns-over-consumer-credit\/","url_meta":{"origin":103623,"position":0},"title":"Tax relief cut doesn\u2019t add up for landlords, plus Bank warns over consumer credit","date":"April 6, 2017","format":false,"excerpt":"\r Also, benefit cuts hit grieving families, leasehold \u2018nightmare\u2019 costs homebuyers, and house sale undermined by Network Rail and knotweed Hello and welcome to this week\u2019s Money Talks \u2013 a roundup of the week\u2019s biggest stories and some things you may have missed. Continue reading...\r \r Source : theguardian.com\r Read\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":87173,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pensions-is-it-right-to-charge-45-55-tax-on-incomes-above-26000-patrick-collinson\/","url_meta":{"origin":103623,"position":1},"title":"Pensions: is it right to charge 45-55% tax on incomes above \u00a326,000? | Patrick Collinson","date":"May 5, 2018","format":false,"excerpt":"\r High earners get 40% relief, lower earners 20%, so the poor get much less tax relief than the well-offThis is going to be a difficult column to write. I\u2019m about to make a plea for tax changes on behalf of people with \u00a31m-plus pensions. Why? Because our tax system\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5376,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pension-tax-relief-cut-its-not-just-the-ultra-rich-that-will-be-hit\/","url_meta":{"origin":103623,"position":2},"title":"Pension tax relief cut: 'It's not just the ultra-rich that will be hit'","date":"December 5, 2012","format":false,"excerpt":"\r Mark Dampier of Hargreaves Lansdown says the impact of the \u00a310,000 cut in the annual tax-free limit will hit many saversMark Dampier admits he's lucky to be able to afford to put \u00a350,000 a year into his pension, but is furious at the \u00a34,500 tax charge he faces paying\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":95941,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/my-partner-is-a-first-time-buyer-but-i-am-not-do-we-have-to-pay-stamp-duty\/","url_meta":{"origin":103623,"position":3},"title":"My partner is a first-time buyer but I am not. 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However, I am looking to buy a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7090,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-the-chancellor-right-to-not-change-pensions-tax-relief\/","url_meta":{"origin":103623,"position":4},"title":"Is the chancellor right to not change pensions tax relief?","date":"March 7, 2016","format":false,"excerpt":"\r The forthcoming budget was expected to include a pledge to cut tax relief on pensions for higher earners, but this has been dropped amid growing concern that it could prompt a backlash from affluent votersAfter weeks of speculation that the chancellor was planning big changes to the tax relief\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121604,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-are-the-tax-and-mortgage-implications-if-i-buy-a-flat-with-my-son\/","url_meta":{"origin":103623,"position":5},"title":"What are the tax and mortgage implications if I buy a flat with my son?","date":"August 23, 2021","format":false,"excerpt":"\r I would pay a \u00a3100,000 deposit and want to own two-fifths and leave my share to him in my willQ My 30-year-old son is paying so much in rent that he is struggling to save a big enough deposit to buy his first flat. 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