News, views & chat from the people of West London
Hillingdon, 
London Borough, News, Pictures, Chat
Hillingdon weather
MAIN INDEX | PHOTOS | HAYES | UXBRIDGE
+ + Check out the LATEST photos! + + JOIN THE DEBATES + + IT'S GOOD TO TALK! + +
Advertisement

It is currently Tue Jul 07, 2020 5:10 am

All times are UTC + 1 hour [ DST ]




Post new topic Reply to topic  [ 4 posts ] 
Author Message
PostPosted: Mon Apr 09, 2012 5:52 pm 
Offline

Joined: Thu Jan 12, 2012 10:46 am
Posts: 1636
http://www.independent.co.uk/news/uk/po ... 27520.html

Quote:
The basic state pension could be taxed at source under a proposal that would fuel the pensioners' revolt against the "granny tax" announced in last month's Budget.
The state pension, which rises from £102.15 to £107.45 a week today, is taxable but it is currently paid without tax being deducted immediately. Under the plan, which would force many pensioners to change the way they plan their household budgets, it would be subject to the 20 per cent basic tax rate at source, reducing it to £85.96 a week for millions. Wealthier pensioners on the 40 per cent tax rate would receive £64.47 a week.
The reform is being considered by the Treasury's tax advisers, who will report to George Osborne later this year in time for him to include any changes in next year's Budget.
If the Government tax the State Pension at source, then there is every reason to expect EVERY benefit to be taxed at source. Working Tax Credits, Child Tax Credits, Child allowance, TV licence, Bus Pass, Job Seekers Allowance, Housing Benefit, Disability Allowance, Mobility Allowance; all will be in line for a 20% tax at source.


Top
 Profile  
 
PostPosted: Mon Apr 09, 2012 8:06 pm 
Offline
User avatar

Joined: Thu Jan 12, 2012 1:06 pm
Posts: 1307
Subject of course to the personal allowances...

This may be part of the plan to introduce the universal credit? Bringing pensions (and the required top ups) under its wing?


Top
 Profile  
 
PostPosted: Mon Apr 09, 2012 9:03 pm 
Offline
User avatar

Joined: Wed Jan 11, 2012 6:10 pm
Posts: 1461
I Donate enough straws for them to grasp in their desperation, poor things, over a grand a week all 600 plus of them and this is the best they can do ?? ¾ of a million per week can be saved on them alone plus the perks :o :(

_________________
Its not always the biggest and the bestest, its them that make the least mistakes.


Top
 Profile  
 
PostPosted: Mon Apr 09, 2012 11:06 pm 
Offline

Joined: Sun Jan 15, 2012 9:08 pm
Posts: 120
So:are they going to REDUCE ex_pat pensions and make us apply for a refund of tax at the end of each tax year ?
Regardless we ex-pats lose yet another COL increase for living in a Commonwealth Country !!


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 4 posts ] 

All times are UTC + 1 hour [ DST ]


Who is online

Users browsing this forum: No registered users and 2 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
cron

Sponsored links








LOCAL RESIDENTS AND BUSINESS: YOU CAN ADVERTISE TOTALLY FREE OF CHARGE IN OUR ADS SECTIONS!!

ARTICLES WANTED, ARTICLES FOR SALE, PLUMBERS, PIZZAS, ELECTRICIANS, ESTATE AGENTS, ACCOMMODATION WANTED OR FOR RENT, FLATS, ROOMS, HOLIDAYS & TRAVEL, JOBS AGENCIES, TRADESMEN & WOMEN, MOTORS, DRIVING LESSONS, HGV TRAINING, VOLUNTARY GROUPS... JUST REGISTER AND POST YOUR FREE AD, IT'S THAT SIMPLE. NO CATCH! TELL YOUR FRIENDS.

Sponsored links
Sponsored links
Sponsored links

Powered by phpBB © 2000, 2002, 2005, 2007 phpBB Group

London Borough of Hillingdon Chat - Main Index

Christmas music Merelbeke