The Poolie Bunker

You could say the SP is already Means Tested by Hmrc.
By the way they tax private pensions but not the SP if you only rely on that.

Can now see the cash isa allowance going down year on year as that narrative rapidly expands.

but doesn,t that sum up labour. the party for the minorities over the majority and that includes views. how many eu citizens are there in the uk and the numbers since brexit. at least being out of the club both areas can take who they need and not have numbers forced upon them by free movement. remember the days when being a eu member was never mentioned anywhere. that was prior to free movement where they could have come anyway if there was a labour shortage. worked fine for years with commonwealth immigrants coming over filling the jobs.

Obviously wrongly informed The State Pension is classed as taxable income, many people are already paying tax on it including me as it’s above the tax threshold of £12750 and more will end up paying tax after next years triple lock kicks in. As I have used all my income tax allowance on my State Pension my private pension is taxed at 20%.

Well that's your own stupid fault.

Whether a tax threshold for pensioners will be introduced remains to be seen![/quote]

Will there be a surprise on Wednesday.
Raise the tax threshold to 13100 to keep the SP tax free.

Can't see it ever being means tested.
And why should it.
If you've earned and sacrificed a long journey to a decent retirement before you die.
You shudent be penalised for it.[/quote]

You are in agreement with the very off receiving The State Pension, for me it should be means tested but no idea where to draw the line. Is it right royalty and the very well off receive the State Pension.
It’s galling to think some have never or very rarely worked but ‘used their head’ and kept up with National Insurance Credits. Not only will they receive the full state pension but can receive Pension Credits, Council Tax rebates etc, the list is endless with out ever contributing a penny.[/quote]


You could say the SP is already Means Tested by Hmrc.
By the way they tax private pensions but not the SP if you only rely on that.

Can now see the cash isa allowance going down year on year as that narrative rapidly expands.[/quote]

Obviously wrongly informed The State Pension is classed as taxable income, many people are already paying tax on it including me as it’s above the tax threshold of £12750 and more will end up paying tax after next years triple lock kicks in. As I have used all my income tax allowance on my State Pension my private pension is taxed at 20%.[/quote]

Well that's your own stupid fault.[/quote]


Why is it my fault, HMRC determines that my State Pension is taxable, I have no control over what the U.K. government pays me therefore they deduct tax, no getting away from it. In hindsight I should’ve put my monthly contributions elsewhere instead of a private pension but they were sold on fear factor with added incentive they would attract tax relief. Nope tax exemption you pay the tax back when you cash it in.

and nobody says anything about those who would have liked to save for a private pension but were unable to do so as every penny earned was spent just bringing up a new family in there 40,s after a divorce and still paying for the old one. my biggest mistake was actually going out to work in the first place and how much less would i be getting now for just a lifetime of sitting on my arse.