Have pensioners been betrayed by the Budget? Feat. Nina Myskow & Belinda de Lucy | Storm Huntley
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- เผยแพร่เมื่อ 9 ก.พ. 2025
- Pensioners have been described as the 'biggest losers' over changes to tax thresholds and it's expected to leave 8 million of them £1,000 worse off.
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#stormhuntley #pensioners #tax
Still the lowest pension in the western world & now they have to pay tax on a small pension.
Not even a remotely apples to apples comparison. Other countries have different system regards to how much tax they pay throughout their working life and the arrangements with regards personal contributions. Anyone who even mentions our State Pension in the same breath as either the French, Australian or American system, or intimates it without specifically mentioning them, is gaslighting pure and simple.
They don't. The standard state pension is less than the tax threshold, so you don't pay tax on it. The only ones paying tax are those with additional private pensions or who receive SERPS.
No they dont. They only pay tax if they have additional pension income
@@TheDavecroft So we’re all idiots for paying into a private pension to try to improve ever so slightly our retirement. Better not to bother and claim benefits according to your thinking eh??
@@laurenceteague4099 Which they’ve worked scrimped and saved for ALL their working lives.
Stop taxing pensions we've paid in for fifty years. Try taxing the foreigners,there's enough of them to clear the nation debt.
Tax threshold should be have gone up
The UK has the worst pensions in the developed world apart from Chile and Brazil
No one I know has a
MASSIVE PENSION 😮
When National Insurance was first introduced it was for the NHS and pensions now it is just used as general tax revenue
It astonishes me that younger people bemoan UK pensions and the Triple Lock. It's there to protect ALL our future pensions. When Sunak suspended the Triple Lock, it cost someone in their 30s over £1,500 a year in pension by the time they reach state retirement age. Stop attacking pensioners and try fighting against government cuts and austerity instead. Meanwhile the Super Rich just get fatter.
And who do they go to first when they want help, their parents, Same with J.S.O. HOW DO THEY GET AROUND, EVERYTHING THEY USE HAS HAD SOME CONTACT WITH OIL
8% on £165 and £220 which ever pension you get is a very small amount in relation to 8% on a salery for someone of working age.
Yes but people don't equate that sadly
The personal tax allowance should be raised to 15K.This would help low paid workers and pensioners.
Ive been paying tax 75 years, but im not a wealthy pensioner. Born before well before the April 1935 threshold, i am considered as my husbands dependant wife, so have a tiny state pension, under £ 90 per week. But i am taxed as a single person! My small private pension traps me, tips me just into tax and just too much for any state support. The very old, ie over 90s , pay for social support, cleaning, shopping if you are childless. As we are. Our expenses are prodigious but can't be claimed against tax. I am a full time carer for my husband, but i am too old to claim carers allowance. It makes me feel unwanted now that I'm old, except when it comes to money. I have to pay for Internet connection or i am cut off from all forms of Admin, but no allowance for that. You might feel bad as a pensioner in your late 60s , but get ready for the shock of superage....you'll need a fortune ....which will be taxed.
So sorry 🥺
Give me back all the tax I’ve paid through out my life. Income tax council tax vat national insurance car tax and all the other stealth taxes I’ve paid all my life. I wouldn’t need the messily pension then . God theres so much wrong in this cesspit country .
Most people get far more back in state pension than they ever paid in NI. In my last year of work (2014) I paid £2500 national insurance. Now I get over £10000 a year state pension. If I live for just 10 years in retirement I'll get back fat, far more than I paid in.
So I've worked and paid tax and NI for 50 years, and if I get my pension for 10 years I'll get more than I paid in, not sure about that 🤔
@@TheDavecroftand what about the people who payed all their lives and died before the was pension age.we all don’t live the same age you are very lucky
MAGNA CARTER 1215, MAGNA CARTER 2024, WHAT'S THE DIFFERENCE
@@TheDavecroftit doesn't come from only N I
Absolutely left out
Forgotten
And fobbed off your pension for another 6years ( WASBI WOMEN )
I thought i would get my pension at 60 but didnt until 66, i had to live on 600 pounds a month from 62 to 66
I don't buy this excuse. I'm male and I knew women's pension age was going up years ago. Every single woman I know who is in their 60's knew exactly when they would get their state pension. It has been publicised in the media and elsewhere for decades. Letting women claim their state pension at age 60 was age and sex discrimination. I find it unbelievable that anyone didn't know their pension age was changing.
@@TheDavecroftwell, it happened. I am not a fool and I was shocked.The WASPI women would not have been listened to if it had been as simple as you make out
So if you have a small private pension cash it in and they can tax the lump sum ?
I had 46 years contribution
Lower tax means less money for public services, including the NHS. Plight of the WASPI women also needs addressing.
It's a triple lock to take more money in taxes from pensioners. Unfreeze and raise the personal allowance.
It is only people on the new pension which came in 2016 some people on the old state pension get much less.
Yes but they get access to pension credit which opens up all the cost of living extras
New state pension excludes that
Yes
We have been let down by the labour and tory goverments
It makes you wonder who and why the government exist, there not there for the public, their not running the country for the people but they are running out lives and telling us what we can and can't do where you can and can't go.
Dead right they have . They are always in the firing line
Agreed but I paid taxed for sixty years not forty years because I took out a private pension at seventeen years old for 10 SHILLINGS a week,
I'm pre pensioner, age 64, I don't get thripple lock, I don't benifit from N. I reduction I GET nothing and left to struddle
You'll be struggling even more when you are 92 and still paying tax as you just catch the threshold , like me. Pensioners born before 1935 get the worst deal of all. There are not that many of us left to form a pressure group so we are fair game. My advice is learn to play the system , I see people your age who have barely ever worked, driving a Mobility car, rent paid, free specs and teeth, hospital travel expenses and first in the queue for appointments at the surgery because of their stress levels. Poor mental health is the buzzword, I give you that for nothing. That should be your ambition because you'll retire in comfort paid for by idiots like me!
Overseas pensioners have been subject to unfair discrimination.😡
8.5 % of not a lot doesn't give them much
No it isn't then we get taxed
I am struggling as a disabled pensioner
Nina Myskow says Tories put profits before peope. Well it was only self profit not countriea profit.
They keep saying pensioners will be £1000 worse off. Where does this figure come from??? If you get an 8% increase and pay 20% tax you still have 80% of your increase so youre better off not worse off
Even worse is the cutting of national Insurance which means eventually people will get a free old age pension paid for by pensioners who have already paid 44 years and will have to pay extra tax to pay for them
Paying more now than ever get rid con
They spend more time telling the public what they can and can't do they forget that their Job is to run this country , they don't seem up to that do they.
Reeves is married to Nicholas Joicey, a civil servant and Gordon Brown's former private secretary and speech writer, closely involved with the 1997 raid on pensions. History is repeating. And unless the bankers' bonuses are capped, everyone's savings are at risk, not just pensioners'. Remember Northern Rock?
We are the lowest paid pensioners in Europe. I am close to 80 and still working, - paying tax…
Tax threshold should be increased for all groups of people. But absolutely pensions should be taxed, same as all income. Pensioners already receive an NI break and many of who are asset rich. Personally, I feel sorry for the youngsters coming through now, with no real prospect of ever retiring.
We ARE! I am taxed on my small private pension, I don't smoke, drink, gamble and holiday abroad. Don't think most pensioners are living the good life. Remember, one day YOU will be a pensioner, then you will have to struggle just like the majority of pensioners of today struggle. My wife and I sold our home and bought a low value ex council house so that we could help our son's purchase larger houses as they have children. It is forgotten that pensioners very often help with child care and giving money to help the next generation with housing as we have. If it weren't for my wife and I, our daughter in law wouldn't be able to work as she can't afford childcare costs. It is also forgotten that we are the sandwich generation looking after grandchildren and very elderly parents, despite our own health problems and struggling with caring duties. Hope that you don't find yourself in the same situation as we are in.
Everyone has been betrayed, They just need to wake up and smell the coffee
Most certainly they have. If pensioners knew this before the GE they would not have voted. Now they are targeting NI contributions to those working after 66, so what happened about taxing the super rich and windfall tax on major energy companies as they harped on about before the GE. Don’t forget that this generation built the UK to what it is after WW2.
Yes they have been let down and left out. What younger people forget is that your income does not become tax free when you retire. I ha v
Be paid
Is lineaker on triple lock
I could work, but they won’t let me work and I’m sick at 76 and I can still work but won’t letters Work to get Work you get Tax on it all the time so what’s the point of working in Tax? All that woman’s doing if you’re still working, all they doing is Tax and Tax and Tax, waste of time working when you’re a pensioner
In so much trouble
My mum is 86 years old was left a private pension by her late husband she pays tax ,i have a relative that only started working 8 years ago reared their family on the state only work part time now so has never payed tax and still doesn't pay tax ,and another relative in their 30s popped 2 kuds out as a teenager got a house and all the benefits that goes with it only works 10 hrs a week and spends their family tax credit on botox and lip fillers! how is that fair 5.5 million people of working age on benefits and this government is taxing pensioners!
If you think it's unfair now wait until Labour get in. They love to throw money at the workshy.
The little £200 winter fual payment helps pay to keep my little old car on the road, I need that for the school runs to pick up my grandchildren and to baby sit, with out that my doughters can not work! One is teacher, and one works for the NHS they can not afford exter child care service! It has a knock on effect and effects much more! Like most volunteers are pensioners!
Average pension including additional and state is 18,000, 2 million Pensioners are currently in over (20%) + 4 out of 10 retiring will be joining them
Budget served 32,000 - 55,000 the sweet spot is 50,000 every one else had a tax increase
Where do you get 18,000 from
@@christopher554 The government's most recent data (as of 2022) shows the average weekly income for pensioners to be £349 - that's after you've taken away direct taxes and housing costs. This works out at around £18,148 per year.11 Jan 2024
Most pensioners I know just got 12,305 with this April rise
@@christopher554 It's averages, most people I know have multiple work pensions as well as the State pension
There the lucky ones
👍👍👍👍👍👍
What about people on benefit? I’ve got a car each I’ve got two aside of me on benefit both of them all of them and they got cars wear pensions we ain’t got a car. We have to go on the bus with a trolley. You try that pull in the shopping 84 years old or six year old you try it you’ve got cars to stick up shopping we’ve got to walk and Paul and get on buses and wait for buses for an hour an hour time our buses and we old pensioners waiting in the rain freezing cold no we can’t afford cars more money off greedy people.
Firstly, you only pay 20% tax on anything over the threshold. So if your pension goes up by say £10, you still keep £8. It is impossible for most pensioners to be 'worse off'. Secondly, people pay far less in NI during their working lives than they get in pensions - I paid £2500 in NI the last year I worked. Now I draw over £10000 a year in state pension. Thirdly, people who have worked for 40 years or more have had plenty of time to pay into a private pension.
Yep, well I paid into a company and a private pension.
Through a bad patch in my life I had to stop paying into the private one . The company paid a small annuity which doesn't increase. However it tips me into paying tax.
I get no cost of living help as new state pension is 2.00 over pension credit.
I am not rich and not likely to be.
A lot of pensioners are classed as poor.
Don't categorise all pensioners by those more comfortable, a lot simply aren't
Labour as coned the pensioners but will pay at the knext elections
Nina contributing to the country 😂😂😂, Jesus wept.
That they get family allowance at all they get family we don’t get family pensions don’t we’ve worked to bite our children up not on benefit but worked for the children and worked all our lives and then you wanna take it off. You just greedy horrible people. of pensioners taking it off the pensioners because he’s young ones don’t wanna work and know that we’ve got regular money because we work for it that’s why they can’t get through their thick schools at the after work for it in this country do you have to work cause if you don’t work, you getting nothing you’re right in the street and a bloody tent we’ve seen them in the shop with them. We were saying nothing.
Are you women talking but a lot of people out there? Don’t know what you’re up to after time because I’ve got an iPad or iPad to watch this so you’re putting in the papers not talk about it on it. You should put it in the paper so other people know on the television, what is going off, off that’s going off not about means testing as what’s that all about taking our money off what we’ve earned or saved and work for all our lives and pay for his property and wanna know all these and what we bloody got what we haven’t got the nosy gets to give it other people that’s all they wanna do is give it other peopleit don’t work sit and do nothing like Work you might get
Omg whst attiude these presenters have when a callet mentioned about wasting money on immigrants ,she tryed to snuff it out it all psrt of the problem ,which pisses poeple of when they get everything for feck all ,she obvuoisly not favour of british poeple first tut tut 😡🤬😈😈
By the government more like.