kevin pooles gloves wrote:
Stocksfield_Poolie wrote:
The tax thresholds will probably not be raised but frozen for more years I reckon in the budget.
Whether a tax threshold for pensioners will be introduced remains to be seen!
Will there be a surprise on Wednesday.
Raise the tax threshold to 13100 to keep the SP tax free.
Can't see it ever being means tested.
And why should it.
If you've earned and sacrificed a long journey to a decent retirement before you die.
You shudent be penalised for it.
You are in agreement with the very off receiving The State Pension, for me it should be means tested but no idea where to draw the line. Is it right royalty and the very well off receive the State Pension.
It’s galling to think some have never or very rarely worked but ‘used their head’ and kept up with National Insurance Credits. Not only will they receive the full state pension but can receive Pension Credits, Council Tax rebates etc, the list is endless with out ever contributing a penny.
You could say the SP is already Means Tested by Hmrc.
By the way they tax private pensions but not the SP if you only rely on that.
Can now see the cash isa allowance going down year on year as that narrative rapidly expands.