Tag Archives: granny tax

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

By Adam Corlett | Mon 17th September 2012 - 11:52 am

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 centre forum and pensions | 20 Comments

My Bob and the Granny Tax

By Caron Lindsay | Thu 22nd March 2012 - 10:57 am

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 budget, state pension and steve webb | 40 Comments