Osborne’s ‘granny tax’ will sting those on a personal pension of just £67 a week

George Osborne’s ‘granny tax’ will hit new pensioners on a personal or occupational pension of just £67 a week, new research reveals today.

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George Osborne’s ‘granny tax’ will hit new pensioners on a personal or occupational pension of just £67 a week, new research reveals today.

Boris-Johnson-meets-pensionersThe House of Commons Library (pdf) have calculated that, in order to be adversely affected by the changes to age related allowances announced in the budget (pdf):

Those turning 65 after 5 April 2013 would need minimum additional taxable income of approximately £3,472 – £67 a week;

People aged 65-74 on 5 April 2013 would need minimum additional taxable income of approximately £4,767 – £92 a week;

People aged 75+ on 5 April 2013 would need minimum additional taxable income of approximately £4,927 – £95 a week.

The findings come ahead of a vote on the ‘granny tax’ in Parliament later today, with Labour putting pressure on Conservative and Liberal Democrat backbenchers to rebel. Last night, the government suffered reduced majorities in divisions on the ‘caravan tax’, ‘pasty tax’ and ‘church tax’.

 


See also:

Government gold-plates private pensions while cutting public ones 27 Jan 2012

Raising the pension age will be a public health disaster 18 Dec 2011

New survey shows public more willing to take action over pensions 21 Nov 2011

More evidence Osborne’s attack on public sector pensions will hit women hardest 21 Nov 2011

Enough is Enough: Why young people deserve a decent pension 11 Nov 2011


 

This morning, turning up the heat on the coalition over the tax, Richard Wilson, Joan Bakewell, Prunella Scales and Larry Lamb wrote an open letter to The Sun urging a rethink, while Labour’s London Mayoral candidate Ken Livingstone has written a letter (pdf) to every London MP calling on them to vote against.

 


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30 Responses to “Osborne’s ‘granny tax’ will sting those on a personal pension of just £67 a week”

  1. Geoffrey Pearson

    Osborne’s ‘granny tax’ will sting those on a personal pension of just £67 , reports @ShamikDas: http://t.co/GUIc76pI

  2. Mark Freer

    Osborne’s ‘granny tax’ will sting those on a personal pension of just £67 , reports @ShamikDas: http://t.co/GUIc76pI

  3. BevR

    Osborne’s ‘granny tax’ will sting those on a personal pension of just £67 , reports @ShamikDas: http://t.co/GUIc76pI

  4. Alex Belardinelli

    RT @leftfootfwd: Osborne’s ‘granny tax’ will sting those on a personal pension of just £67 , reports @ShamikDas: http://t.co/jUGS9s0y

  5. Martin Steel

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  6. Yrotitna

    Osborne’s ‘granny tax’ will sting those on a personal pension of just £67 , reports @ShamikDas: http://t.co/GUIc76pI

  7. BevR

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  8. leftlinks

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  9. Michael

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  10. KAAL Group

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  11. Foxy52

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  12. BendyGirl

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  13. Kirst

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  14. Mark

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  15. Mark

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  16. Dave Davis

    Frm earlier, read how Osborne’s ‘granny tax’ will sting those on a personal pension of just £67: http://t.co/GUIc76pI

  17. Alun Wyn Griffiths

    Bad News for the poorest, LFF earlier, Osborne’s ‘granny tax’ will sting those on a personal pension of just £67: http://t.co/ijwt6bRz

  18. Lilacwheelz

    RT @leftfootfwd: Osborne’s ‘granny tax’ will sting those on a personal pension of just £67 a week http://t.co/M0JLJdaj

  19. sue gordon

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  20. Foxy52

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  21. Osborne’s ‘granny tax’: Robbing pensioners to pay the one per cent | Left Foot Forward

    […] See also: • Osborne’s ‘granny tax’ will sting those on a personal pension of just £67 a week 19 Apr […]

  22. paul smith

    RT @leftfootfwd: Osborne’s ‘granny tax’ will sting those on a personal pension of just £67 a week http://t.co/mVKjYLvR

  23. julie reid

    #bbcqt: Also, read how Osborne’s ‘granny tax’ will sting those on a personal pension of just £67 a week: http://t.co/YvYr4G0b

  24. Len Arthur

    #bbcqt: Also, read how Osborne’s ‘granny tax’ will sting those on a personal pension of just £67 a week: http://t.co/YvYr4G0b

  25. steve

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  26. censorednewsnow.com

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  27. censorednewsnow.com

    RT @paulsmith031158: RT @leftfootfwd: Osborne’s ‘granny tax’ will sting those on a personal pension of just £67 a week http://t.co/QDeJbe7d

  28. Martin Hinds

    #bbcqt: Also, read how Osborne’s ‘granny tax’ will sting those on a personal pension of just £67 a week: http://t.co/YvYr4G0b

  29. Andy Fever

    #bbcqt: Also, read how Osborne’s ‘granny tax’ will sting those on a personal pension of just £67 a week: http://t.co/YvYr4G0b

  30. Gracie Samuels

    #bbcqt: Also, read how Osborne’s ‘granny tax’ will sting those on a personal pension of just £67 a week: http://t.co/YvYr4G0b

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