Sentences with phrase «pensioner tax»

Your rebate income and the rebate income of your spouse (if you have one) are used to work out your eligibility for and amount of the senior and pensioner tax offset.

But the poll contained similar criticisms of the chancellor's Budget last week, with 49 % saying the scrapping of pensioner tax allowance was unfair and 53 % saying the reduction of the top rate of tax to 45 % would do «nothing» to help the economy.

This tool can not calculate your beneficiary and seniors and pensioners tax offset if you were a part - year resident.

Not exact matches

Taxes would not rise, and transfers to pensioners and to the provinces would continue to grow on schedule.

«Even though the consumption tax is scheduled to be raised by 2 percentage points, a number of measures to mitigate the burden, such as a reduced tax rate and an increase in welfare benefits for pensioners, and the provision of free education are planned to be implanted,» the report said.

It is tax season, the snowbirds are returning to 13 per cent sales taxes, and the 2018 federal Liberal budget broke promises to pensioners and self - employed persons with holding companies.

Pensions were to be paid for not by saving, but by the taxes of the current workers — thus enabling the post-war pensioners to have higher pensions immediately.

Whereas 3.2 persons» payroll taxes now support each elderly pensioner, the decline in the birthrate ensures that for every pensioner only three or perhaps two persons will be paying into Social Security in the years when today's workers arrive at the age to collect their pensions.

«There is that great argument that we need to have kids so that we can have a tax base so we can pay for you when you become pensioners,» says Roger Kingkade, a radio DJ in Calgary.

«Instead of clobbering pensioners, and people on benefits, the government should impose a tiny tax on financial transactions that would raise billions.»

# 65 billion in cuts or tax increases will be needed if the UK is to pay for its pensioners in 50 years» time, the Office for Budget Responsibility has warned.

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.

«The new government has frozen council tax, saving hard - working families and pensioners up to # 72 this year,» he said.

«Windfall taxes will hurt pensioners who rely on stable returns for a comfortable retirement, sin taxes hit the poorest hardest, and a mansion tax would be a vindictive gesture that will eventually find its way down the property ladder to hit much less expensive homes, too.»

Among his proposed # 15 billion in savings - cuts in tax credits, child trust funds and winter fuel payments to pensioners - as well as closing tax loopholes and avoidance.

«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.»

However, it says the efforts used to improve take - up of the pension credit should now be applied to other benefits targeted at pensioners, and a new target encompassing the help provided for housing and council tax should be introduced.

The average council tax bill in Britain has risen by 121 per cent since 1993/94, according to research from Halifax - and pensioners are feeling the strain.

He told the newspaper that the Conservatives would soon announce proposals to reduce National Insurance contributions, to cut the rate of tax paid on savings and to raise the threshold at which pensioners pay taxes.

I make it 21 to date, including tax - cuts for low - earners, the introduction of a mansion tax, a major council house - building programme, cuts to universal benefits for wealthy pensioners, rent reforms for private tenants, a living wage for public sector workers, and an elected House of Lords.

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.

Matthew Elliott, chief executive of the TaxPayers» Alliance, said: «Council tax has doubled in the last decade and is now so high that it tips many families and pensioners over the edge.

Spending more money on apprenticeships and reducing council tax for all - pensioner households were also high up the list.

Balls wants to see the fuel tax rise scrapped, cuts to tax credits reversed and pensioners» tax hikes scrapped.

Going by his budget, the chancellor — and by extension the government as a whole — thinks that the super-rich deserve lower taxes while pensioners should hand back more to the Treasury.

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.

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?

The pensioners» manifesto also included commitments on inheritance tax, annuities, pensioner benefits and same - day GP appointments for all over 75s who need them.

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.

Mr Livingstone said: «Boris Johnson's Tory tax cut for millionaires is being paid for by 400,000 ordinary London pensioners.

These pensioners have been completely let down by the Tory Mayor who has campaigned for a tax cut for the super rich while ignoring the needs of older Londoners.»

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.

«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.

Though critics have said a mansion tax will force asset - rich, cash - poor pensioners to sell their homes, it's worth bearing in mind that this is exactly what the government's bedroom tax currently proposes for those who are both asset and cash poor.

The rest of it is made up of debt interest payments, tax credits, benefits for working - age claimants and pensioner welfare.

George Osborne came in for widespread criticism this morning, as his Budget was attacked for taking money from pensioners while cutting taxes for high earners.

I can state with all the authority I can muster that, an NDC government will not tax pensioners, the President has spoken, and it is final.

«Families and pensioners are struggling with the demands of yet another council tax rise, and councils owe it to them to cut back on executive pay hikes,» he said.

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.

The NPP whose economic team was led by this same Bawumia who doubled as the running mate to Nana Addo introduced the National Pension's Act 766 section 112 (5) of 2008 that rather imposed tax on voluntary pensioners who took their accumulated funds before 10 years.

«It is astonishing that at a time when millions of families and pensioners are being hit hard by deep spending cuts and tax rises, the first priority of David Cameron's restless Tory backbenchers is unfair tax cuts only for a few,» Labour Treasury spokesman David Hanson said.

Grant Shapps has described it as a «granny tax» because it will unfairly hit property rich but cash poor pensioners, whose main asset is their home.

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

The end to the exclusive zero - hour contracts I think will be very positive, the fact pensioners will benefit, that there'll be more affordable homes... the fact that the personal allowance is going up and the 40 % tax rate will increase to # 50,000, is brilliant.

1) Raising VAT is wrong, because «VAT is the only tax that everyone has to pay, even if they are unemployed or pensioners, and because it hits couples with the children the hardest.

The Scottish Government said in response to Labour's proposal: «Around 2.2 million basic rate taxpayers across Scotland - including almost half a million pensioners - would be hit by Labour's tax grab.