Lord Helpus
Can I just say...
- Joined
- Mar 14, 2024
- Messages
- 908
Yep we've had our say and we'll leave it there.Nope. As replied/referenced
3 million pensioner millionaires: - Intergenerational Foundation
The current OAPs are the post-war Boomer generation who had low property prices, full employment, defined benefit company golden pension schemes, full state pension, stamp paid and benefited from property price boom, council house sales, 80s market boom, dot com boom, tax free Tessa, PEPs, ISAs. So many are well off.
Last year, more than one million NHS staff on the Agenda for Change contract - which includes nurses, paramedics, 999 call handlers, midwives, security guards and cleaners - received 2 one-off payments alongside a 5% pay rise.25 Mar 2024
One-off payments of up to £3000 for over 27000 health workers
One-off payments of up to £3,000 for over 27,000 health workers
Those in frontline roles such as community nurses and physiotherapists will benefit, with organisations receiving funding for the payments in the coming months.www.gov.uk
You could set the WFP threshold using the basic rate tax band. Anybody paying income tax (12.5k) doesn't receive the WFP, or has the £300 added to their L code (+1500 at 20%=£300) but those not paying proper tax/self assessment might avoid this.
It is disappointing there was no apparent impact assessment where they could have deducted where the threshold should be rather than the Pension Credit level being used.
But that's the cheapest way to implement simply.
Just wait for the budget. The WFP abolition will pale into insignificance.
Wait until the pips start to squeak.
Change. Bright future. My @rse..
Ok, said my piece.
Back to Ideal Worst. (sic) 😁
I agree that the budget will be bad and will add to the cost of living crisis and probably inflation. They never learn that 'change' for the sake of change isn't always for the best.
Some forum members are sensing that IW is getting better and so we live in hope!