Davy51 Posted January 15, 2013 Report Share Posted January 15, 2013 I heard only part of the article on the news yesterday ,but it seems Dave wants everyone to be on about £ 144/week plus inflation by 2017 as the new old age pension. Does anyone know if that will be for all oap's or will they find a way of excluding people retired before 2017 ? Quote Link to comment Share on other sites More sharing options...
wolfie Posted January 15, 2013 Report Share Posted January 15, 2013 It is only for those who retire in 2017 so there is likely to be a considerable discrepancy between the incomes of those who retire before and after the reforms. Quote Link to comment Share on other sites More sharing options...
observer Posted January 15, 2013 Report Share Posted January 15, 2013 ...... and, as far as I can see, the pension pay out is flat rate, but the pension pay in depends on your job (if you bother working). Quote Link to comment Share on other sites More sharing options...
Davy51 Posted January 15, 2013 Author Report Share Posted January 15, 2013 Stitched up yet again ! Quote Link to comment Share on other sites More sharing options...
wolfie Posted January 16, 2013 Report Share Posted January 16, 2013 You will also lose the higher tax free allowance that over 65's currently get. Quote Link to comment Share on other sites More sharing options...
algy Posted January 16, 2013 Report Share Posted January 16, 2013 Looks like I'll be taking a big drop then. Quote Link to comment Share on other sites More sharing options...
wolfie Posted January 16, 2013 Report Share Posted January 16, 2013 Looks like I'll be taking a big drop then. Not sure how it affects you alg. From 2013-14, the availability of the "age-related" income tax personal allowances will be restricted. The allowance of £10,500 for 2012-13, available to people aged 65 to 74 will be restricted to people born after 5 April 1938 but before 6 April 1948. The allowance of £10,660 for 2012-13, available to people aged 75 and over will be restricted to people born before 6 April 1938. From 2013-14, the amounts of these allowances will not be increased. From 2013-14, people born after 5 April 1948 will be entitled to a personal allowance of £9,205 for 2013-14. Quote Link to comment Share on other sites More sharing options...
observer Posted January 16, 2013 Report Share Posted January 16, 2013 Think it's for those coming up for retirement, and it's 35yr period to qualify. Current pensioners have escaped the net; unless they come for the fuel allowance and the TV licence! But I think they realise that OAPs tend to vote. Quote Link to comment Share on other sites More sharing options...
Lt Kije Posted January 16, 2013 Report Share Posted January 16, 2013 Think your right Obs, They realise they vote and so have been left alone Quote Link to comment Share on other sites More sharing options...
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