Also as someone just after turning 35 I wouldn't benefit. When I was in my 20s and early 30s I was earning so little that tax made feck all difference to me.
I think it's a daft idea. Every year there'd be pressure to increase the age and you'd have a whole segment of pissed off voters every year moving from low tax to normal tax. If it's about solving the housing issue then put a 1% tax on every property in the country. That might encourage a few empty nesters to sell up or rent a room. Also there'd be huge resentment from people who were earning low wages in their younger years then being taxed higher just when they start earning proper money in their 30s.
A radical suggestion for budget 2024: cut taxes for the under 35s. Another ECB mistake in the offing? Dynamic beer pricing has arrived.
Interesting concept. I'd double the tax relief on pension contributions for under 35's. DR
Also as someone just after turning 35 I wouldn't benefit. When I was in my 20s and early 30s I was earning so little that tax made feck all difference to me.
I think it's a daft idea. Every year there'd be pressure to increase the age and you'd have a whole segment of pissed off voters every year moving from low tax to normal tax. If it's about solving the housing issue then put a 1% tax on every property in the country. That might encourage a few empty nesters to sell up or rent a room. Also there'd be huge resentment from people who were earning low wages in their younger years then being taxed higher just when they start earning proper money in their 30s.