Is taking lower earners out of income tax ultimately a divisive move for Britain?
Are you sure you’ve got enough to live on when you retire? No? Join the club, because you’re certainly not alone. But it seems we could be due a piece of good news on pensions in the not too distant future.
For it’s been reported that pensions minister Steve Webb and work and pensions minister Ian Duncan-Smith will soon unveil the idea of a universal pension of £140 a week, regardless of the level of savings an individual has put away. This looks set to be good news for all those who have been uncertain about whether it’s worth saving for a pension…
As child benefit is cut back, should high earners get any benefits at all?
Economy, News and Current Affairs 52 CommentsChild benefit for higher-rate tax payers will be axed in 2013, it was announced today. Already there’s a vigorous debate about the fact that families with two basic rate tax payers who earn £87,000 between them will receive the benefit, while those with one higher-rate tax earner earning £44,000 will not. What do you think?
But then, maybe in a climate of austerity, it’s logical that high earners shouldn’t be receiving any benefits at all, from winter fuel payments to free bus passes. Have your say in our debate today.
Which party will make you poorer?
Economy, Mortgages, News and Current Affairs, Retirement 31 CommentsFollowing last week’s story on whether voting will make you richer, we look at the flipside: which party’s policies might make you poorer? You won’t find this year’s election being fought on promises of increased prosperity as in the past. This time it’s different. Every politician knows they are going to need to cut spending, [...]
Will voting make you richer?
Economy, Money Saving, More Money Stuff, News and Current Affairs 6 CommentsThere’s more to this election than posters, promises and pompous debate. Pounds and pence are the most important Ps — aren’t they? After all, there are issues too complex to understand, there’s little to choose between the personalities involved and there’s so much coverage in the press you could be forgiven for switching off. Time [...]
Will you be resolving to spend less when sales taxes rise this New Year’s Day? For more than a year we’ve been enjoying lower levels of VAT and stamp duty, aimed at encouraging spending through the recession – but on January 1 both of those measures come to an end. The one concession for those [...]
