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Tax Misery for State Pensioners

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  • terryw
    terryw Posts: 4,396 Forumite
    Part of the Furniture 1,000 Posts Photogenic Combo Breaker


    Come on Margaret. You don't seriously think that we left-wingers read the Telegraph?rolleyes.gif

    terryw
    "If you can bear to hear the truth you've spoken
    Twisted by knaves to make a trap for fools"
    Extract from "If" by Rudyard Kipling
  • purch
    purch Posts: 9,865 Forumite
    Have you seen this?

    Great............let's make it even more complicated and bureaucratic :eek:

    we already have Working Tax Credit, Child Tax Credit, Pension Tax Credit...and now I guess it'll be

    'Single Low Paid Person with no Kids (yet) Tax Credit' ????

    'Pensioner between ages of 60-64 who loses out from loss of 10% Tax Band Tax Credit' ??????

    'Non of the above....but might not vote Labour unless we give them a handout Tax Credit' ???? :eek:
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • margaretclare
    margaretclare Posts: 10,789 Forumite
    terryw wrote: »
    Come on Margaret. You don't seriously think that we left-wingers read the Telegraph?rolleyes.gif

    terryw

    Sorry, Terry, didn't realise you're a left-winger!


    [FONT=Times New Roman, serif]Æ[/FONT]r ic wisdom funde, [FONT=Times New Roman, serif]æ[/FONT]r wear[FONT=Times New Roman, serif]ð[/FONT] ic eald.
    Before I found wisdom, I became old.
  • Nomad25
    Nomad25 Posts: 1,995 Forumite
    Part of the Furniture Combo Breaker
    So £1565 of the pension will be taxed at 20% basic rate, £755 of the savings income will be taxed at 10% and the balance of the savings at 20%.

    I thought the idea behind this latest tax review was to simplify everything, this is going to confuse a lot of folk.
  • EdInvestor
    EdInvestor Posts: 15,749 Forumite
    purch wrote: »
    now I guess it'll be

    'Single Low Paid Person with no Kids (yet) Tax Credit' ????

    'Pensioner between ages of 60-64 who loses out from loss of 10% Tax Band Tax Credit' ??????


    Nah, It will be Pensioner aged 60-64 enhanced super duper fuel allowance :)

    No trouble understanding that. ;) :T
    Trying to keep it simple...;)
  • EdInvestor wrote: »
    Nah, It will be Pensioner aged 60-64 enhanced super duper fuel allowance :)

    No trouble understanding that. ;) :T

    Yet chronically sick and disabled people get NO FUEL ALLOWANCE whatever. My fuel bill has tripled since I became chronically ill.
    Be nice to people who are on their way down
    You never know when they are going to pass you on their way back up again
    You cannot light your own candle by blowing out someone else's
  • So....are those of us under retirement age living on Occupational/Private pensions going to be recompensed or not?

    (Margaret - LOVE the Telegraph!).
    (AKA HRH_MUngo)
    Member #10 of £2 savers club
    Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton
  • EdInvestor
    EdInvestor Posts: 15,749 Forumite
    So....are those of us under retirement age living on Occupational/Private pensions going to be recompensed or not?

    (Margaret - LOVE the Telegraph!).


    Looks like not :(

    And also there is concern about the small print of the deal re the other categories and the backdating.
    Trying to keep it simple...;)
  • purch
    purch Posts: 9,865 Forumite
    concern about the small print

    Wow....that'd be a shock. :eek: ......this Government announcing one thing and then doing something totally different :mad:
    'In nature, there are neither rewards nor punishments - there are Consequences.'
  • royeee
    royeee Posts: 126 Forumite
    Yet chronically sick and disabled people get NO FUEL ALLOWANCE whatever. My fuel bill has tripled since I became chronically ill.

    You can claim for Disability Living Allowance or Attendance Allowance which is more than the Fuel Allowance.
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