Re: Tax the Wrinkles
Originally Posted by
Aerolor
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Surely swimfeeders those who are on eighty percent of their wages are having it paid for by taxpayers (which includes us oldies). It will all have to be paid for by the whole population of the UK and my bet is an increase in income tax will be levied, which will also impact on us oldies. Therefore,it is not correct to say that there are no financial implications for us oldies.
If the 80% proportion is correct, and I very much would like to see the supporting info, then I would suspect that it is our lovely civil servants who are getting it!
Back in my day, 66% of the final salary was the normal rate for those on Company Pensions, and for those who had contributed to that pension.
And that was taxed. (sorry, should say IS Taxed).