>> You state that as a fact. It isn't. Pensioners have paid their NI, that's why.
There's no 'pot' there with your or my name on it; the reality is that benefits are all pay as you go. I'd accept that the State Pension shouldn't be subject to NI but it's harder to justify treating the wages of those over pension age differently.
The Guardian is reporting that once payroll processes have been updated the 1.25% increase will be deducted separately as a “health and care levy”. Working Pensioners will pay that levy.
I suspect it may also be applied to occupational pensions.
>> Pensioners with lots of income have usually foregone spending earlier in their lives to pu
>> themselves in that position, pay lots of income tax, and don't claim pension credit and
>> housing benefit
They might also have had the benefit of tax reliefs at high marginal rates on the pensions, mortgages and life insurance that mean they're outside Pension Credit and (for renters) Housing Benefit.
>> You're turning the state pension into a means tested benefit (in my opinion).
Not sure I follow how.
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Tax rise new
Tax rise new
