Restoration of the age related allowance

hugheskevi

The Government has also continued to support pensioners in other ways. In April 2012 the Basic State Pension increased by £5.30, the biggest cash increase ever, and we have introduced a triple guarantee ensuring it will increase each and every year by the highest of earnings, prices or 2.5 per cent.

Or to put it another way, the Basic State Pension was increased by less than RPI for the first time in decades, and despite the the triple guarantee the Basic State Pension is lower today than if the uprating regime under the previous administration had been retained.

Not that I necessarily have a problem with the various policies, but it would be nice if less spin could be presented

Daniel_Elkington

Problem is, they need the spin. If they came out and said, we're giving the moderately wealthy retired less tax breaks then there would be uproar.

Let's face it, average salary now is about 25-30K. http://career-advice.monster.co.uk/salary-benefits/pay-salary-advice/uk-average-salary-graphs/article.aspx

The sort of pensioner on this income pays less tax than those earning it.

That sort of pensioner would most likely have paid off their mortgage and have much less expenses.

Let's be fair - it's phased removal of EXTRA relief on the middle and higher earners. It does not affect the poor. Also these retired individuals already pay less tax because of NI reductions - that hasn't been withdrawn either.

We have this massive issue with entitlement in this country. There seems to be a large minority of the populace that don't understand that there is a £65BN savings gap between NI paid and earmarked to pay for State pension and State Pension paid.

What's the solution? Where does the money come from, answers to:

Mr. D. Cameron,
10 Downing Street,
London,
SW1A 2AA

hugheskevi

In a similar sort of vein, I wonder how many appreciate that the average (mean) income for pension couples is £32,000 p/a URL="http://www.ons.gov.uk/ons/rel/pensions/pension-trends/chapter-11--pensioner-income-and-expenditure--2012-edition-/art-pt2012ch11.html#tab-Income"]source here[/URL

That is for two people, but they will have no National Insurance, pension contributions or mortgage payments to meet in most cases.

A lot of this group are going to be much better off than many workers who have to meet those expenses, possibly even from a lower initial income.

typistretired

[/QUOTE]We have this massive issue with entitlement in this country. There seems to be a large minority of the populace that don't understand that there is a £65BN savings gap between NI paid and earmarked to pay for State pension and State Pension paid.

What's the solution? Where does the money come from, answers to:

Mr. D. Cameron,
10 Downing Street,
London,
SW1A 2AA[/QUOTE]

How about stopping foreign aid to countries that are richer than us and stopping MP's being greedy with their expenses and only wanting to travel first class. :mad::mad:

rpc

How about stopping foreign aid to countries that are richer than us and stopping MP's being greedy with their expenses and only wanting to travel first class. :mad::mad:

How about writing in a font that the rest of us can read?

Anyone who thinks that the price of a first class rail ticket is on a par with the money spent on state pensions needs a reality check. I'm not excusing excessive grandeur and wasteful spending, but they are totally different orders of magnitude.

dunstonh

How about stopping foreign aid to countries that are richer than us and stopping MP's being greedy with their expenses and only wanting to travel first class.

Make an epetition on foreign aid if you feel like that.

It should also be noted that George Osborne paid the upgrade out of his own money and not on expenses. That I think is quite fair. Anyone that has travelled on a train will know that what he did was quite normal and common. I have done it several times. An upgrade can range from £7 upto very high figures depending on day of week or time. However, those actually claiming the first class fare on expenses I have less sympathy for. They should do what Osborne did (but was criticised for) They should claim the standard fare on expenses and if they want first class then it comes out of their pocket. Ironically, those claiming First class fares were dominated by Labour. Yet they are the ones that go on and on about the Tories being upper class etc.

Thrugelmir

typistretired wrote: »

Typical civil service jargon! Of course pensioners will pay more pension if their pension income goes up. They want all workers to have a private pension but are not giving any incentive. I paid NIC for 39 years and shouldn't have to pay anymore!!

As a current contributor to private sector pensions. Tax relief seems a sufficient incentive in my mind.

Seems reasonable for us as individuals to fund our retirement years.

Given I may live for some years. Then contributing tax to pay for an ever increasing standard of health care seems reasonable too.

harz99

Well, thanks people for keeping this thread alive:D.

I see the epetition is now over the 70,000 mark.

Although as Jamesd said in an earlier post, it will probably never get to the magic 100,000 signatures in the 4 and a bit months left to go.

Unless of course lots more people out there spread the word and sign up:).

harz99

Well blow me down, the petition actually got 114,483 signatures and was supposed to be debated on 29th April 2013.:D

Cannot seem to find any minute or result of the debate though?

dunstonh

Its not really worth it now.

Personal allowance is £9440. Age allowance is £10,500.

The chancellor has already announced that next years personal allowance will be £10,000