The new toy boy tax!

princessdon

maggiezed wrote: »

If the older partner is female who has a Full State Pension which more than the couples amount that is payable through working age benefits, then, these couples will only get help with rent and council tax.
This ruling will adversely affect couples where the younger partner has a degenerating illness and will never be able to work again. They will be living on less than a single person's- award of Pension Credit. These couples will be paying for under-occupying social housing and will not be protected from Council Tax rises.
Why Toy Boy Tax? - simple. If the partners are of the same sex or if the older partner is male, then their waiting period on Universal Credit before they can claim Pension Credit will be the difference in their ages.
If the Older partner is female then there is an additional waiting period of up to 4 years due to the fact that a woman's pension age is lower at the moment than men. This additional waiting period only affects women in born from 1952 - 1954.

Eh - they will be living on a single persons Pension Credit PLUS income or benefits for the other person.

maggiezed

Example of above - In the above case, the younger person is sick and will never be able to return to work. Under universal credit this couple will be classed as working age and will as a couple only be eligible for in-work benefits, State pension is going to be taken as income.
Couple rate for is £111.45 + £28.15(extra amount for sickness) = £139.60. This couple will be charged £17pw bedroom tax and will not be exempt from council tax rises. which leaves less than £122.60pw
The older persons State Pension will be treated as income. She has a Pension Forecast of £123.45, which will mean that they will have more income coming in than benefits they could receive, and will therefore only receive the equivalent of Housing Benefit through Universal Credit, which unless "ring fenced" they will have to contribute 85p towards this
Contrast this with a single female born on the same date who will be able to claim Pension Credit of £142.70pw.+ housing and council tax relief. A single pensioner will be protected from council tax rises and the bedroom tax will not apply
For further information google: Welfare reform SI approval motions Universal - Citizens Advice briefing to House of Lords 13th Feb 2013
To clarify an earlier post women born from March 1952 to November 1953 will have a extra time tariff. For those retiring in Jan 14 the tariff is 4 years

superwoman4

maggiezed wrote: »

Example of above - In the above case, the younger person is sick and will never be able to return to work. Under universal credit this couple will be classed as working age and will as a couple only be eligible for in-work benefits, State pension is going to be taken as income.
Couple rate for is £111.45 + £28.15(extra amount for sickness) = £139.60. This couple will be charged £17pw bedroom tax and will not be exempt from council tax rises. which leaves less than £122.60pw
The older persons State Pension will be treated as income. She has a Pension Forecast of £123.45, which will mean that they will have more income coming in than benefits they could receive, and will therefore only receive the equivalent of Housing Benefit through Universal Credit, which unless "ring fenced" they will have to contribute 85p towards this
Contrast this with a single female born on the same date who will be able to claim Pension Credit of £142.70pw.+ housing and council tax relief. A single pensioner will be protected from council tax rises and the bedroom tax will not apply
For further information google: Welfare reform SI approval motions Universal - Citizens Advice briefing to House of Lords 13th Feb 2013
To clarify an earlier post women born from March 1952 to November 1953 will have a extra time tariff. For those retiring in Jan 14 the tariff is 4 years

This is worth a read:
http://www.publications.parliament.uk/pa/cm201213/cmselect/cmworpen/576/576vw03.htm

"Couples where one has reached Pension Credit age and the other is younger (“mixed age couples”) could end up with £100 a week less income under Universal Credit than under the current Pension Credit system. The older partner could be financially better off living alone and claiming Pension Credit."

A very sad state of affairs for pensioners.

cockaleekee

superwoman4 wrote: »

This is worth a read:
http://www.publications.parliament.uk/pa/cm201213/cmselect/cmworpen/576/576vw03.htm

"Couples where one has reached Pension Credit age and the other is younger (“mixed age couples”) could end up with £100 a week less income under Universal Credit than under the current Pension Credit system. The older partner could be financially better off living alone and claiming Pension Credit."

A very sad state of affairs for pensioners.

But you would not both be pensioners, would you?