UK STATE PENSION IS BELOW LEGAL LEVEL BY EU LAW
The Council of Europe informed UK government that the level of state pension was too low, under international treaty law with the EU, and should be £138 per week, not the around £102-£110 it is now.
UK government has just ignored this fact and continue to be in breach.
PRIVATE PENSIONS STILL LEAVE THE OLD WITH LESS THAN £11 PER WEEK LEFT FOR FOODPrivate pensions lost massively with the crash in value of annuities and now that the rules have been changed for a larger lump sum, annuities will now have no value. It will also mean that the monthly payout from private pensions will reduce, by the larger lump sum.
Politicians have thought someone with savings of £20,000 in the bank was wealthy, when this is merely two years of house bills money, by what finance boffins said (2012 figures so more now) pensioners need on average to prevent fuel and food poverty.
PENSIONERS TO BE TARGETTED FOR CLAIMING PENSION CREDITStrange to relate, but Tory pensioners who have been forced to claim Pension Credit (to those who know of its existence) which is only about £35 per week anyway, will be called scrounging fraudsters for claiming this benefit when means-testing would deny them that little bit of food money.
So hitting hundreds of thousands of pensioners, who will be hit research via HM Revenue and Customs from this month, April 2014.
So this admin will probably cost more than the alleged £170 million being lost by giving this small amount of food money to pensioners.
Of course, many pensioners without any other income are not aware they have the right to claim Pension Credit.
As these pensioners have been paying 12 per cent of their wages all their working lives (some for as long as half a century in work since early teenagers) in National Insurance, and the wife has lost pension payout at 60 and may lose all pension from 2016, then this money is being taken from hard earning taxpayers, not scroungers.
Pensioners will lose, even at 80, from 2016.
See if you lose most or all of your state pension: