UK state pension likely to rise by £488 under triple lock
What if you campaigned for benefits of working age people to rise like the state pension instead of pushing for poor pensioners to be more impoverished? Also it is fiscally sustainable if they taxed WEALTH, which means clawing back from wealthy pensioners. Just a thought!
Baffling that “end the triple lock” is being pushed by people who consider themselves left wing
But how would that achieve the 'race to the bottom' desired but all governments these days.
The 38% of pensioners getting the full (post-2016) State Pension get £13k from April. The media and Resolution Foundation acting like it's a massive sum. It isn't, it's roughly HALF of the minimum wage. I'd like to see them try to live on it. Plus, most pensioners will get alot less than that.
News. It's likely the State Pension will rise by 3.9% next April based on the rise in average earnings that has just been published. This'd take the full new State Pension it to just over £13,000, yet the tax free personal allowance is frozen at £12,570.
Will the govt honour Rachel Reeves pledge to me when she was Chancellor that from next April "a pensioner only getting state pension won't pay tax".
NEWS! Govt's confirmed it WILL keep this promise. I've got a statement from Minister for Pensions Torsten Bell 👇
It's pretty sick that this government, and the last, have not moved the tax thresholds in years, effectively taxing people more the poorer you are, but refuse to tax wealth. I mean WTAF!?!?!
Yes but most of us are on the ‘old’ state pension. The ‘new’ rate was not applied to existing pensioners. And the annual % increases are ensuring that the relative difference is increasing. How about campaigning on closing that gap, @martinlewis.moneysavingexpert.com
Removing the triple lock would make pensioners poorer then the tax on this increase?
Good clarity, thanks for asking, Martin, on behalf of pensioners and future pensioners!