Well No Surprise ThereThe Budget says it was for low waged, giving £10,500 basic tax allowance for next year.
But for the most vulnerable, low waged, sick and disabled, all that is promised is even less help in life.
WOMEN PENSIONERS SHORT OF A PENSION AT 60 STILL NO BETTER OFF
No mention in Budget of state pension or the changes coming with the Flat Rate Pension in 2016.
But for single pensioners, we can see that women at 60 are losing around £5,727,80 a year and if not in work would also gain pension credit of £35.25 a week, so £145.40 a week, or £7,560,80 a year.
And next year lose £7,714 a year.
This is below the basic tax threshold of £10,000 this year and £10,500 next year.
Age UK inform that you can get your state pension even if still working beyond age 65 (or your retirement age now).
Age UK inform that Category D state pension is a non-contributory pension for people over age 80 years, which is around £66.00 per week.
Age UK inform the category B with spouse's full contributions, wife's state pension £66.00 per week.
A divorcee lady could claim against former husband's full contributions to a maximum of around £110.15 a week.
A widow / widower could inherit State Pension and keep it once receiving it by age, even if remarry.
FLAT RATE PENSION CHANGES FROM 2016Pension credit, state earnings-related pension scheme (SERPS), and the second state pension end 2016 with the Flat Rate Pension.
The National Insurance contributions required rise from 30 to 35 years.
Those with less than 10 years NI credits, will get nothing.
Those people expecting more than the flat rate of £144 (only 30 per cent of new claimants will get that figure from 2016) because of SERPs will not get that extra.
And that part of the state pension above the £144 flat rate is not guaranteed the annual increases as the main state pension would be (called the triple lock).
So all in all, the state pension is being lowered bit by bit by stealth.
SIGN PETITION TO -
- REVOKE THE PENSION BILL,
- REVOKE THE FLAT RATE PENSION 2016,
- BRING BACK THE £3000 LOST TAX ALLOWANCE AT 65,
- KEEP CATEGORY D PENSION FOR THOSE 80 AND OVER,
- KEEP PRO RATA STATE PENSION FOR THOSE WITH 10 YEARS NI CREDITS
- KEEP PARTNER'S 60 PER CENT STATE PENSION
- KEEP INHERITANCE OF STATE PENSION AS WIDOW
- KEEP EXTRA CONTRIBUTIONS TO SERPS AND/OR STATE SECOND PENSION
WHAT WOULD THE SWANS DO DIFFERENTLY- Revoke Welfare Reform Bill
- Revoke Pension Bill
- Revoke Flat Rate Pension
- Pass law to guarantee pensions
- Pay state pension to people over 80, housewive's / spouse / partners with no NI credits of own
- Pay full state pension to citizens irrespective of NI credit history
- Full state pension at 60 of £15,000 to women (work towards men in first parliament)
- Tax allowance at 60 of £15,500
- Winter Fuel Allowance 2015-2016 winter - £500
- Leave no-one with zero state pension, if they have no other income in old age
The Swans new party Org UK