Sentences with phrase «income pensioner»

«We are absolutely committed to making Scotland a fairer country for all — that's why we'll reject Labour's plans to increase taxes on half a million low income pensioners and Tory plans to fund tax cuts for the rich through cuts to disabled people.»

Part of the money is going to have to come from middle - income pensioners.

But, sadly, over a million low income pensioners are failing to collect their pension credit - it's always worth checking what you're entitled to.

Not exact matches

An added problem is that pensioners have become, in many cases, the only source of income in a household.

Pierlot wrote a paper for the CD Howe Institute in 2011 showing that a person with a salary of $ 75,000 at the end of a 35 - year career would accumulate more than $ 1.4 million in savings through a defined - benefit plan (wherein the pensioner is paid a set income based on past earnings and years of service, mostly confined to the public sector these days) compared to $ 674,711 for someone with no pension but a maxed - out Registered Retirement Savings Plan.

The household debt - to - income figure includes Newfoundlanders and British Columbians, freshman university students and pensioners, debt - free misers and hedonistic maniacs.

Our proposal would also improve women's retirement benefits and increase competitive pressure on the AFPs to reduce costs and raise pensioners» income streams.

Moreover, the fully funded contributions are likely to be more volatile and, even if the contribution rates are lower, the claims of the pensioners on national income do not change from one funding method to another.

The Public Interest Advocacy Centre (PIAC), ACORN Canada (ACORN) and National Pensioners Federation (NPF) today reacted negatively to the Canadian Radio - television and Telecommunications Commission's (CRTC) rejection of their review of the CRTC's previous decision to deny creating a fund to ensure all Canadians, including lower - income Canadians, have equal access to broadband and other telecommunications services.

This suggests that majority of retirees had limited their spending to their regular flow of income and had avoided drawing down assets, which explains why pensioners, who had higher levels of regular income, were able to avoid asset drawdowns better than others.

The Mail asks when the government will get the message and finally abandon what it calls its ludicrous pledge to shovel 0.7 % of national income into this bottomless foreign pit when our own pensioners are denied vital social care.

But many pensioners would have preferred a safe and reasonable regular income.

The study also revealed that pensioners in Surrey have the highest income, those in Essex enjoy the best weather and retirees in Gwynedd enjoy the best access to healthcare.

I am today announcing that the Government will raise the capped drawdown limit from 100pc to 120pc, giving pensioners with these arrangements the option of increasing their incomes.

At that time, and when the pattern of pensioner incomes was different to today, we paid pay it to all pensioners.

We believe the winter fuel allowance provides vital support for pensioners on middle and low incomes to combat fuel poverty.

It would be a boost for those who are being hit hardest by the squeeze from rising prices and rising taxes, including pensioners and those on low or fixed incomes.

If you look at the pensioner population half of them are too poor to pay income tax.

It may be that something's skewing it; a large number of asset - rich but income - poor pensioners, or people in long - term residential care who are paying VAT on home fees though getting it reimbursed.

Pension credit allows every pensioner an income of at least # 114.05 a week.

An estimated 600,000 pensioners with annual incomes above about # 45,000, 5 % of those under 80 and 2 % over-80s, would lose the allowance as part of an overriding plan to save the Treasury around # 105 million.

Balls called on Osborne to continue the U-turns from March's Budget, the chancellor's last major setpiece event, by reversing the cut in the top rate of income tax from 45p back to 50p and scrapping tax rises for pensioners.

The rest are mainly low - income working households, pensioners or the disabled.»

Cutting the highest rate of income tax, lowering business taxes and shifting the balance of tax between low - paid workers and pensioners are all bound to be controversial.

Better to put government resources now in the hands of pensioners, low income families and those recently made redundant, who will spend.

«I think it's fairness to pensioners to give them time, to make sure you support their income, but at the same time to reform the way people save.»

How, when pensioners are suffering so grievously from minimal returns on their savings, can he justify scrapping age - related income tax allowances, leaving 4.41 million an average of # 83 worse off next year?

It would mean a return to higher taxes, spending and borrowing and pensioners would be particularly vulnerable because many of them do not have the option of increasing their incomes by working more.

Of course there are technical differences between NI and income tax (the way it affects the self - employed, or isn't paid by pensioners, or is paid by people on lower pay than income tax is) and in theory they could contribute to the difference.

Scrapping the «triple lock» on state pensions so that pensioner incomes are no longer protected from a Tory hard Brexit.

The Conservative Party manifesto launched an all - out attack on pensioner incomes, with three major new burdens placed on older people:

The tory site has the party's alternative budget proposals: * Freezing council tax for two years, worth over # 200 for the typical family * Abolishing income tax on savings for all basic rate taxpayers, worth up to # 7,200 a year * Raising the income tax threshold for pensioners, worth up to # 400 a year * Help for the unemployed to upskill and reskill during the recession - and tax breaks for companies who create new jobs That, apparently, is it.

A Labour Government will protect the incomes of twelve million pensioners by legislating to keep the «triple lock», Jeremy Corbyn, leader of the Labour Party, has said.

«Look at the massive expansion in apprenticeships pioneered by the Liberal Democrats since then, look at the huge cash increase for everybody on the state pension because of Steve Webb's Liberal Democrat reforms on pensioners, look at the way toddlers in schools now get a healthy meal at lunchtime because of what the Liberal Democrats have done and look at the way in which millions of working people in this country have received because of the Liberal Democrat flagship policy of raising the point at which you start paying income tax.

Everything we do is aimed at improving the tax and benefits experience of low income workers, pensioners, migrants, students, disabled people and carers.

«While we're in no way complacent about people's income in retirement, the single group of people who have benefited most in terms of their standard of living has been pensioners,» she says.

«There are almost a million «asset - rich income - poor» pensioners - those living in big houses but on small incomes,» said IPPR's head of social policy, Jim Bennett.

Now Burstow is calling for capping winter fuel payments for pensioners with an annual income of over # 100,000.

Pensioners, for example, are not liable for NICs but are still subject to income tax.

A DWP spokesman responded: «Council tax benefit helps over five million people on low incomes, including over 2.5 million pensioner households.

EU renewable energy directives could see electricity bills shoot up and leave pensioners and lower - income families shivering in their beds, according to new research.

Four million more low - paid workers and pensioners would be exempt from paying income tax under Liberal Democrat plans unveiled by Vince Cable.

Some of the current # 2.7 bn spending on the Winter Fuel Payment could be better focused on helping the poorest pensioners, for example, by means - testing the payment, or by raising pensioners» minimum income guarantee.

The report argued that the average retirement income in the public sector was # 7,000 a year and most pensioners were living on less than # 5,000.

People on low incomes, pensioners and single people could all find they are eligible for smaller rebates, depending on where they live.

A pensioner couple would suffer cuts equivalent to 16.2 per cent of their income, while an affluent family with children suffer cuts of 4.2 per cent.

Low - income families, or fixed income groups like pensioners have been left struggling to pay the price, with additional charges added to meals on wheels, day care centres, or homecare services.

Housing benefit cuts in April will particularly impact on pensioners, families on low incomes, disabled people (many already traumatised by Atos assessments of their alleged capability for work), the long - term sick, -LSB-...]

However, accelerating levels have hit people on low or fixed incomes, such as pensioners, the hardest.

The Government said that as council tax had more than doubled since 1997, ministers were «determined to protect hard - working families and pensioners on fixed incomes.»