Income tax for pensioners should not exceed £4,000 per year.

Hi gillybob

People on low incomes do not pay as much tax as people on high incomes.

It's been cold here in the NE today. Mind you we probably pay a bit less tax overall so what do you expect?

People who paid higher rate tax during their working life did so because they had higher incomes Simples.
Now if somebody said pensioners should have increased allowances because they are at home, feel the cold more easily and need to heat their homes.....I'd support that.

No they do not deserve to be thanked Frank . They paid tax on the earnings they had at the time and they should pay tax on the earnings they have now its simple really, or else we would all be "thanking" anyone who paid more tax than ourselves . Apart from that do you ever spare a thought for those on low incomes who pay tax?

Hi Gracesmum

Why should people pay a higher amount just because they have a higher income?.

Frank

FRANK GIVE IT A REST.FIND SOMETHING ELSE TO TALK ABOUT!

Hi Ana

It was not a joke Ana
People who paid higher rate tax during their working lives deserve to be thanked for their contribution to society by having a limit placed on the amount of tax they have to pay in old age.

Frank

ABBA Money money money!

If you receive the money you pay the tax - pensionor not - pension contributions are not taxed when paid in therefore you pay tax when pension received. Anyone paying that much tax are on a good pension and can afford it.

Hmmm I think I fell for it too ! [banging head off wall emoticon]

I think that if they have loads of money they should pay their fair whack - why should pensioners with lower incomes subsidise those with fat cat pensions or gold-plated annuities?

No I think the income should be treat like any income with exactly the same tax free allowances and the same rates of tax.

Ooh! Was that a joke, Frank?

O'h you think the limit should be £3,000 or less than that.

Frank

NO

For heavens sake!