Restoration of the age related allowance

jem16

zygurat789 wrote: »

Now the same pensioner have a lower income than new pensioners

How do you work that one out?

zygurat789 wrote: »

I see they have pulled the thread about boozecruise's web site.
Probably because it contained such a load of rubbish from some who have posted on this thread.

Probably more likely to be because it was posted by someone promoting their own website which is against forum rules.

As to what was posted - just because it disagrees with your way of thinking does not make it rubbish.

MonkeyMad

Its quite obvious that those who want restoration of the allowance are those affected by it, and that is precisely who they are interested in. New pensioners who would now not get the allowance won't be any worse off that they would have been had they been working immediately before they retired so I fail to see just why the removal will be so crippling to them. The pensioners who are having the allowance removed are just joining the rest of us who are seeing their tax burden go up, and only at the lower tax band, whilst more of us are being dragged into the higher bands.

Does your petition ask for a reinstatement of the allowance and a reduction in pension for those it applies to or do you just want your cake and eat it at every on elses expense?

margaretclare

The pensioners who are having the allowance removed

We are not having the allowance removed! It is simply, AFAIK, going to be 'frozen' at its present level.

MonkeyMad

I'm extrapolating to when the levels have equalised, when it will have been effectively removed

jamesd

Some fuss that is basically about wanting to continue to get more than everyone else even when everyone is raised to the current level.

Would be nice if people could be happy about everyone else getting to the same level instead of grumbling about a lost tax differential.

zygurat789

jem16 wrote: »

How do you work that one out?



Probably more likely to be because it was posted by someone promoting their own website which is against forum rules.

As to what was posted - just because it disagrees with your way of thinking does not make it rubbish.

I read post 205 above.

Rubbish because of the unfactual overstatements. I could not agree nor disagree.

zygurat789

MonkeyMad wrote: »

Its quite obvious that those who want restoration of the allowance are those affected by it, and that is precisely who they are interested in. New pensioners who would now not get the allowance won't be any worse off that they would have been had they been working immediately before they retired so I fail to see just why the removal will be so crippling to them. The pensioners who are having the allowance removed are just joining the rest of us who are seeing their tax burden go up, and only at the lower tax band, whilst more of us are being dragged into the higher bands.

Does your petition ask for a reinstatement of the allowance and a reduction in pension for those it applies to or do you just want your cake and eat it at every on elses expense?

The grammar is appalling but Iif you are saying what I think you're saying , then, factually you are wrong.

zygurat789

jamesd wrote: »

Some fuss that is basically about wanting to continue to get more than everyone else even when everyone is raised to the current level.

Would be nice if people could be happy about everyone else getting to the same level instead of grumbling about a lost tax differential.

If I enjoyed the same tax free benefits you do at work then I would be happy but I have to pay for most of it myself.

MonkeyMad

zygurat789 wrote: »

The grammar is appalling but Iif you are saying what I think you're saying , then, factually you are wrong.

I always find it ironic when a poster has to point out what they see as grammatical errors to make themselves look clever whilst making spelling mistakes themselves.1

Perhaps you could explain to me the following:
Imagine I am 65 minus one day and I earn £20K, I have an income tax liability A.
If I retire and am lucky enough to have a pension of £20K, the equalization of tax allowances give me an income tax liability of B.
Is A more or less than B? Do I give a fig that the allowance has been removed?

Imagine I am 65 minus one day and I earn £8K, I have an income tax liability A.
If I retire and am lucky enough to have a pension of £8K, the equalization of tax allowances give me an income tax liability of B.
Is A more or less than B? Do I give a fig that the allowance has been removed?

Imagine I am 65 minus one day and I earn £30K, I have an income tax liability A.
If I retire and am lucky enough to have a pension of £30K, the equalization of tax allowances give me an income tax liability of B.
Is A more or less than B? Do I give a fig that the allowance has been removed?

What is it that happened that made my cost of living suddenly change when I retired making my age allowance so vital? Have I lost out if I didn't have the money in the first place? Are you being taxed if what is really happening is that an allowance that was never guaranteed in the first place is gradually being removed from those that are fortunate enough to get it?

You are keen to point out we are short on facts so give us some (apart from what the price of mince currently is compared to last year). I don't hear you howling that more people are being dragged into higher rate tax by the erosion of that tax band - is it because it doesn't affect you? What about reduction in other benefits for younger people - doesn't affect you. Like many others, I've not had inflation linked pay rises for a few years so my income isn't even fixed what do I get from the budget - nothing.

No-one seems to be able to give a sensible rationale for the existance of this allowance in 2012 aside from 'Winston Churchill invented it in original form 1925', and since we all know he was the greatest thing since sliced bread, that therefore must make it something that remains forever more.

Do you know how many pensioners even claim this allowance, and how many would actually benefit from an alternative increase in the basic personal allowance?

jamesd

zygurat789 wrote: »

If I enjoyed the same tax free benefits you do at work then I would be happy but I have to pay for most of it myself.

Then the "would be happy" clause applies and you're happy.

I receive no significant free benefits from work, other than a little pension matching, which costs me at least as much in reduced gross pay to get the match.

Everything I get either costs me pay, is taxable for income tax, NI or all three. Days off work above the legal minimum, for example, cost me pro-rated days of pay.

Options for various types of insurance all cost me money or are taxable or both. Those getting various work things will be familiar with benefit in kind declarations that their employer sends to HMRC so it can reduce the personal allowance to charge the tax.