Budget

innovate

melbury wrote: »

Innovate,

I know this is probably a stupid question, but I don't understand exactly who will benefit from the abolition of the 10% savings rate. Please could you put into very simplistic terms for me:o I don't think I personally will benefit.

Thanks.

Anyone whose income plus interest from savings is below £15,500.

innovate

talexuser wrote: »

Maybe an extra £100 a year.... hardly earth shattering.

OK, if it were only that (which it probably isn't) so it's just a week and a half free eating. I still can't see anything wrong with that. Particularly not since we are on MSE here.

talexuser

innovate wrote: »

OK, if it were only that (which it probably isn't)

Please explain how it isn't only that?

My point was the way it was reported on TV as the answer to pensioner's prayers when if it was explained with the actual figures is not really that. Nobody said it was not worthwhile, just not earth shattering hyperbole.

innovate

Check back on what I already said.

talexuser

There are no facts in your previous answer there why it isn't the extra amount of money I quoted (approx), that's why I was interested what facts you have to back up that assertion.

lvader

talexuser wrote: »

Please explain how it isn't only that?

My point was the way it was reported on TV as the answer to pensioner's prayers when if it was explained with the actual figures is not really that. Nobody said it was not worthwhile, just not earth shattering hyperbole.

The pension changes are huge, a complete seachange.

Bogof_Babe

badger09 wrote: »

I would hazard a guess that 'they' have to draw the line somewhere

Why not draw the line at State Pension Age then? They can manage it for bus passes and WFA. I'd call it discrimination against (some) female pensioners.

kidmugsy

Bogof_Babe wrote: »

Why not draw the line at State Pension Age then? They can manage it for bus passes and WFA. I'd call it discrimination against (some) female pensioners.

You've for it exactly the wrong way round. To let women of 62.5 do it when men of 62.5 can't would be sex discrimination.

slinga

It's been sexed up as a BIG change just so that the Cons will get the pensiopner vote.

So pensioners have been stuffed for so many years and now the meeja is making it look like the Cons are really good guys.

I wonder if pensioners will 'buy it'?/
I'm a pensioner and I won't even though the increase in ISA allowance suits me fine.

lvader

slinga wrote: »

It's been sexed up as a BIG change just so that the Cons will get the pensiopner vote.

So pensioners have been stuffed for so many years and now the meeja is making it look like the Cons are really good guys.

I wonder if pensioners will 'buy it'?/
I'm a pensioner and I won't even though the increase in ISA allowance suits me fine.

The BIG change is the new 2015 rules on talking money out of DC pension pots, but as it doesn't help self serving MPs or Union chiefs on Gold plated defined benefit pensions I don't expect Labour to support it. For millions it's huge news.