Restoration of the age related allowance

Thrugelmir

zygurat789 wrote: »

The rich get a tax cut and the poor get a tax increase, remember. We are obviously not all in this together, that's the whole point.

Those that can afford pension contributions receive tax relief on their contributions.

Many of us private sector workers who have never belonged to defined pension schemes or worked in the public sector, will be receiving very small pensions . I have suffered Equitable Life as well.

The poor are receiving a much increased personal allowance.

I also accept the population is aging. So funding of pensions is going to become more and more problematic.

So I am taking a balanced view of the situation.

margaretclare

Thrugelmir wrote: »

Those that can afford pension contributions receive tax relief on their contributions.

Many of us private sector workers who have never belonged to defined pension schemes or worked in the public sector, will be receiving very small pensions . I have suffered Equitable Life as well.

The poor are receiving a much increased personal allowance.

I also accept the population is aging. So funding of pensions is going to become more and more problematic.

So I am taking a balanced view of the situation.

So am I. I dislike all the hysteria. The most recent panic is about the possibility/probability of the state pension being taxed, without adding that the state pension is already taxed if you have any other pensions income, as part of the taxable total. Those who have only the basic state pension do not, will not, pay tax anyway, because there will always be a tax-free personal allowance.

I am amazed to read in this morning's 'Mail Online' (why do I bother to read it anyway?) that a large proportion of pensioners think that their pensions are not taxable. What planet are they living on? Answers on a postcard.....

srcandas

margaretclare wrote: »

What planet are they living on? Answers on a postcard.....

Remember the B-ark made it to earth. Having said that not sure we would be better off if the A-ark and C-ark had made the journey

margaretclare

srcandas wrote: »

Remember the B-ark made it to earth. Having said that not sure we would be better off if the A-ark and C-ark had made the journey

You may be right. Having said what I said about the 'Mail Online' above I've just come across this article in there: http://www.dailymail.co.uk/money/news/article-2125272/CITY-INTERVIEW-Nothing-flash-blunt-wealth-chief-Peter-Hargreaves.html

This is a man I have a lot of time for. A blunt northerner...like me. You can see what he thinks of politicians, the tax system, the whole shooting-match.

harz99

harz99 wrote: »

59683 signed now.

Come on those in MSE towers - how about a bit of a push?

60171 signed now.

teajug

harz99 wrote: »

60171 signed now.

Attach the http://epetitions.direct.gov.uk/petitions/31778 at the end of all of your posts that way everyone will see it...

harz99

teajug wrote: »

Attach the http://epetitions.direct.gov.uk/petitions/31778 at the end of all of your posts that way everyone will see it...

Thanks; now 60511 signed.

mystic_trev

harz99 wrote: »

Thanks; now 60511 signed.

It's a complete and utter waste of time, and will go the same way as this recent one....

RPI/CPI SWITCH: E-PETITION

The e-petition calling for immediate restoration of RPI secured more than 110,000 signatures. However, I am also sorry to have to tell you that when the issue was debated in the House of Commons on 01 March 2012 it was lost by 232 votes to 33.

http://forums.moneysavingexpert.com/showpost.php?p=51924635&postcount=1270

mjm3346

mjm3346 wrote: »

06-10-2010, 7:00 PM....

The standard allowance is going up by £1,000 next year as a step towards the £10,000 the libdems want. You will be lucky if there is any increase (maybe cpi) in the age allowances and I bet they will be left to "wither on the vine" as the standard allowance increases.

Curses, should have put a bet on it.



https://forums.moneysavingexpert.com/discussion/comment/37275104#Comment_37275104

harz99

mystic_trev wrote: »

It's a complete and utter waste of time, and will go the same way as this recent one....



http://forums.moneysavingexpert.com/showpost.php?p=51924635&postcount=1270

Very few things are ever a "complete and utter waste of time", and as someone said "its not over until the fat lady sings".

So please sign the e-petition at

http://epetitions.direct.gov.uk/petitions/31778

thanks.