THIS BUDGET IS AN OUTRAGEOUS ASSAULT ON PENSIONERS

Wednesday 21 March 2012

Commenting on the Chancellor’s statement, Dr Ros Altmann, Director-General, Saga said: “This is an outrageous assault on decent middle-class pensioners.

THIS BUDGET IS AN OUTRAGEOUS ASSAULT ON PENSIONERS

“This Budget contains an enormous stealth tax for older people. Over the next five years, pensioners with an income of between £10,500 and £24,000 will be paying an extra £3 billion in tax while richer pensioners are left unaffected.
 
“There is nothing in this Budget for savers, there is nothing to improve the annuity market, nothing to appease the damage of quantitative easing and nothing to support ISA changes and shelter older people’s money in cash. This Budget is terrible news for pensioners.”
 
“It is good to hear that we will be able to harness the power of pension funds to improve UK Infrastructure but in short, this Budget is another shocking example of the Government’s attack on poorer and older people. It is dramatically unfair.”
 

ENDS

 

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