Empty said:The coalition is making good noises on benefits so far, i think, in scrapping child benefit for those in the top two tax bands, and more importantly expanding in work benefits and having them taper off as you increase your income to further incentivise working. The former has a few caveats in the way it hurts single parents more, though means testing would likely cost more than the savings and a single parent on £45k is still wealthy, and it not coming in till 2013 which seems bizarre, and of course we'll need to see more than just rhetoric on the details of the second one, but the movement is good.
really? I'm getting hit by the loss of child benefit - IMO they are phasing it out too quickly. It'll cost us £2k a year to lose it, which will take time to adjust to. And not all high tax rate payers are rolling in cash, we're just a soft target.
My biggest problem with it is that it doesn't take into account household income, just individual income. So if I earn £44k, I don't get child benefit. But if two of us work, we can earn a total of £86k and still get child benefit, assuming we're both just under the threshold. That isn't fair IMO. Especially if you choose for one parent to stay home and look after the kids, which should not be penalised.