Pensioners losing out due to Osborne budget

jem16

teajug wrote: »

Surely the £28930 is for a couple not a single pensioner as there are today.

snip

If there are any erros in my post please put it down to a senior moment.

Or not actually knowing what the £28,930 relates to.

zygurat789

Pennywise wrote: »

The OP is also ignoring national insurance. The rate of NIC for workers has increased by 1% which pensioners are lucky to avoid. The extra 1% NIC will offset against the increased personal allowance for the average worker.

Yes and will eliminate the increased personal allowance for people earning c£70,000 Not too many of those around. I think this can be ignored.

zygurat789

Pennywise wrote: »

But surely the opposite applies too - those who are going to retire in the years to come shouldn't receive less or be forced to retire later than those who have already retired! Today's pensioners should be grateful for what they have because they're the "lucky" generation compared to what today's workers will get after having to work longer!

Receive less, there is already talk of a pension of £140pw , that's more than today's pension. As for today's pensioners being lucky I can see that my children have had it far easier than I ever did.

teajug

Britanniasbest wrote: »

Hi teajug I posted the original of the document you have copied to the MSE.com website forum. I have written to the Shadow Chancellor and my MP as well as Age UK (where you obviously saw that post). My request to my MP specifically asks him to challenge George Osborne in person and to reply to me in writing with his (the Chancellor's) explanation and justification. My MP has given me his word that he will do this for me. I shall also be writing to the Treasury Department asking the same questions, but don't expect a reply.

When you look at all the ways in which pensioners, specifically, have been targeted over the last year: to repay overpaid pensions/underpaid tax, reduction in Winter Fuel Allowance, reduced rate of pension increases, massive reduction in Income Tax Personal Allowance, is it any wonder my hackles are raised. If nothing is done to halt this downward spiral attack pensioners; most of whom are on low fixed incomes, they will lose out so badly by a vast amount over the coming years that the country will have a huge number of destitute pensioners to add to the total of thousands of children living already below the poverty line!

Thank you for posting my comments on MSE. I hadn't thought of using that Forum and I'm glad you have. The more people who see this and understand what is happening, the better, and maybe they will also write to their MPs?

Hi Britanniasbest, I was only too happy to post it on here. As you most probably are aware, most EU countries give almost twice as much in state pensions to their pensioners. Why are we the poorest pensioners in the EU we are not a poor country.

Mikeyorks wrote: »

Oh ...... and the Winter Fuel allowance hasn't been decreased. It's dropped back to the figure it was at before GB applied a temporary increase as a vote sweetner.

Would you like to see more pensioners die of cold that is what would happen if the winter allowance was taken away? Over 25,000 pensioners died last year due to cold weather.

In some EU they pay a very good state pension and give pensioners fuel allowance over the year as well. Also the freedom pass are allowed for trains, buses and coaches with no time restriction like here in England. UK has the lowest pensions in the EU what a scandal to treat the elderly people that have worked all their lives and end up with nothing at the end of it.

http://www.maturetimes.co.uk/node/11640

Pennywise wrote: »

But still higher than a lot of employees who are suffering pay freezes and reduced hours.

I bet your income is not £98 a week. If you had to live on £98 a week then you would have something to complain about.

http://www.heraldscotland.com/news/home-news/uk-pension-gap-worst-in-europe-1.1056712
http://www.thisismoney.co.uk/pensions/article.html?in_article_id=426261&in_page_id=6
http://www.principlefirst.co.uk/pensions/state-pensions/

jem16 wrote: »

Or not actually knowing what the £28,930 relates to.

You obviously got no grandparents. If you have then I would hate to someone like you to visit with your attitude.

zygurat789

Mikeyorks wrote: »

...... and the Winter Fuel allowance hasn't been decreased. It's dropped back to the figure it was at before GB applied a temporary increase as a vote sweetner.

So that's a pay cut then, a decrease in real terms.
Dave did say we were all in it together didn't he?

teajug

zygurat789 wrote: »

Receive less, there is already talk of a pension of £140pw , that's more than today's pension. As for today's pensioners being lucky I can see that my children have had it far easier than I ever did.

The £140 is still far less than most EU countries pays their pensioners. [FONT=&quot]:eek:[/FONT]

zygurat789

Pennywise wrote: »

But still higher than a lot of employees who are suffering pay freezes and reduced hours.

But not as high as many others who have not been so hit.

Gas_Powered_Toothbrush

teajug wrote: »

Found this on another site

https://www.idioticwhining.com ?

zygurat789

Mikeyorks wrote: »

Total load of twaddle. You're completely ignoring the hugely above indexation rise the age related PAs attained in 08-09. And have maintained by indexation ever since

It would :



..... have been £210 and £1480 had not a certain Mr Brown had to add an extra £600 to the basic PA in Sept 08 to get him out of the hole excavated by the untidy abolition of the 10% tax band. The £1480 had already been put in place.

And you forget that a lot of pensioners who see the age related PA wholly clawed back to basic - because they have looked after their future and have income above £28930 - benefit by the extra £1000 in 2011-12.

It wasn't a hugely above indexation rise, it was an increase to compensate for the loss of the 10% tax rate,
however, it failed to do that, as did all the other tweaks, which resulted in those with the lower incomes being worse off.
This compensatory mechanism has not been maintained by indexation which is what this thread is all about. But, of course this only really affects those earning less than
£24000. but, hey, let's tax them rather than ex-bankers with private pensions of six figures.

zygurat789

teajug wrote: »

The £140 is still far less than most EU countries pays their pensioners. [FONT=&quot]:eek:[/FONT]

But it's still a lot more than the pension today.