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Taxed until we’re dead
• IN response to your Comment (The economy’s in meltdown: let’s skim off the elderly, October 30), much clamour is made by government and the financial world that contributions to pensions – state, public and private sector – are exempt from tax.
This is a lie, unless you agree to perish sooner or later literally in a cardboard box, which is all the miserable state pension realistically covers.
I am entitled to receive the full state pension, to which I contributed all my working days since the 1960s, with no breaks, in a modest office role.
I live in a rented bedsit but still have to work as the state pension barely covers rent and council tax.
Because I must carry on working until I fall dead, I am taxed the full 20 per cent whack off my already modest state pension on top of tax taken from my wages.
There are many people in such a situation.
It is criminal that state pensions are taxed, even more that most people don’t realise this until in their 60s.
The British public should be disabused. The government and finance world have never wanted us to know… until it is too late
MARGARET MILNER
Address supplied, N6
Pot luck…
• AS a result of the collapse of the stock market, pension funds have been decimated and pensioners due for retirement are urged to consider postponing retirement and work on until the market recovers and their pension pot improves.
On the other hand some workers who are reaching 65 (a local lady librarian comes to mind) are compulsorily retired even though they wish to continue in their employment. Am I missing something?
Eric Smith
Kings Gardens, NW6 |
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