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How Labour can reform Britain’s pensions triple lock | Letters
المصدر: Business | The Guardian · نُشر
Readers offer solutions to the thorny problem facing the government, in response to an article by Gaby Hinsliff Gaby Hinsliff ( Britain needs cash and everyone knows we should break the pensions triple lock. Where is the courage?, 22 September ) is right that public policy should
Readers offer solutions to the thorny problem facing the government, in response to an article by Gaby Hinsliff Gaby Hinsliff ( Britain needs cash and everyone knows we should break the pensions triple lock. Where is the courage?, 22 September ) is right that public policy should not subsidise wealth without limit, but breaking the triple lock is a poor way to target affluent pensioners. Most pensioners are not affluent.
Indeed, a quarter of pensioners require benefits in addition to the state pension just to survive and keep a roof over their heads. If the aim is to stop subsidising wealth, a more direct target is the generous tax treatment of private pension savings. A taxpayer contributing £100 to a pension can receive £40 or £45 in tax relief if they pay higher- or additional-rate tax, compared with £20 for the basic rate.
Tax and national insurance contributions relief on private pensions costs the government a staggering £84bn a year . Continue reading...
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