The Gordon Brown 20% Tax Con.

penrhyn

As an early retiree, and having watched todays working lunch I've worked out that I fall into Gordon's tax trap.
That is as I get less than £18.500 in pension income I'll be paying more tax next year.


http://news.bbc.co.uk/1/hi/programmes/working_lunch/7191628.stm

icarusi

I just saw that! It's rediculous that earners under £18500 pa under 65 should be facing a tax *increase* at the expense of those earning *above* £18500. Whoever thought this one up should get a good kicking!

Where does the campaign start! Sign me up yesterday!

Had a look at the Taxpayers Alliance website, but nothing there. They seem to be more concerned at public sector profligacy than inequality.

I've contacted Unison who've probably many members in the under £18,500 bracket and pointed them to the Workin Lunch item. Strange that nobody else has published this, or at least not in the legible way WL has.

sanfly

:mad: As another who has retired before 65 I had seen this mentioned here before about the time it was annouced by the government last year. I could not believe it then and still find it hard to understand how they can increase taxes on some people in the lower incomes. However should we be surprised, government, local and national seems to have lost the plot on almost every policy they commit the rest of us to!! Guess we are stuffed again!!

seven-day-weekend

My husband has an income of under £10,000 and will therefore be worse off. He is an early retiree who is now 59. I have no income whatsoever.

iltisman

I noticed this tax increase on the day of Mr Browns budget last march but it only got a small mention in the press a few days later,I bet if the Torys had brought in a poor persons tax the BBC would have had a field day.
Just goes to show its better to tax the poor as there are more of them to go at.

moonrakerz

Hands up all those who voted for this bunch last time, and the time before, AND the time before !

sanfly

we can all go to the downing street petition and sign to retain the 10% tax band...........link below, if ive done it correctly

http://petitions.pm.gov.uk/Savethe10pcband/

GiveItBack

I can't believe this isn't getting more attention. I was complaining about it when it was first proposed, but no-one's paying attention. Are there so few people earning less than 18500- without getting some kind of credits?

EdInvestor

I suspect it only really hits early retirees under 65 who don't yet get the increased age allowance.

Rogerb_2

EdInvestor wrote: »

I suspect it only really hits early retirees under 65 who don't yet get the increased age allowance.

Why should anyone on small income be hit to fund better off people who gain ?

Youngsters, including students, are likely affected on top of student fees increases.

QuickKeith

Also hits people paying into pensions as the tax benefit will fall from 22% to 20% this is why we've put as much as we can into our pension(s) this tax year to get the extra 2%