Sentences with phrase «pension credits same»

Not exact matches

Research by the National Audit Office (NAO) finds while increasing take - up of pensions credit by ten per cent would lift up to 107,000 people out of poverty, doing the same for housing and council tax benefits would improve the lives of 130,000 people.

The final budget eliminates tax credits for business, suspends the sales tax exemption on clothing, and allows state and local governments to borrow from the state pension fund to make required contributions to the same fund — resulting in a hidden $ 1,300 tax on homeowners outside New York City.

He would pay average 10 per cent tax after adjustments for age and pension income credits and have $ 24,706 per year or $ 2,060 per month if he starts benefits at 65 or $ 34,100 per year or $ 2,840 per month if he works to 70 and pays 12 per cent average income tax on the same basis.