Tag Archives: granny tax

Calling them granny taxes doesn’t mean they’re unfair

The phasing out of the additional personal allowance was decried as a ‘granny tax’ but that move did not go far enough. A new CentreForum report looks at two unjustified and deeply regressive age-related tax breaks: the tax-free lump sum and the exemption from National Insurance.

There are many lonely, vulnerable and poor pensioners who need support. But it’s insulting to suggest that everyone over 60 or 65 can be lumped into the category of frail granny (to say nothing of grandpas!). There is a huge range of incomes amongst pensioners. At the very top, the average annual pension …

Posted in News and Op-eds | Also tagged and | 20 Comments

My Bob and the Granny Tax

My dear husband is not a Granny. And he’d better not be a Grandad for a very long time to come, given that our daughter is not yet a teenager. He is of an age to be affected by the so called “Granny Tax” eventually.

Now, you might, if you wish, feel a bit of sympathy for poor Bob. It must feel sometimes like George Osborne has pulled his name out of a hat and decided just to chip away at his income.

First he decided that in the year Bob reaches 65, the State Pension age will go up to 66 …

Posted in News | Also tagged , and | 40 Comments
Advert

Recent Comments

  • Peter Davies
    There is a general problem that all parties state their targets in terms of new homes built. While regeneration programs replacing bad homes with better ones is...
  • Peter Davies
    As usual, the article talks about a requirement for social homes and "genuinely affordable homes" but a strategy for delivering "affordable homes". We need to b...
  • Tristan Ward
    "The question on Monday evening is whether we should be as wary of it in private hands" Of course we should. We don't like anyone or anything that abuses pow...
  • Pawel Urbanski
    Gareth, thank you for this. Housing is one of the issues raised most often on the doorstep in London, and this is what Lib Dems in action looks like: Richmond, ...
  • David Moon
    We keep obsessing about the National Debt and fiscal rules, when the real weakness of the economy is our trade imbalance with the rest of the world, particularl...