Rosie51
RubyRoobs
LizzieDrip
”Which world are you living in”
I’m living in the real world in which many pensioners are well off, as I’m sure you know yourself windmill.
I totally agree with you. I work in a role where we see what income pensioners have coming in and savings and most are not short of money !
Without disclosing the type of employment you work in your post has limited relevance. For all we know the pensioners you have access to are a select group of wealthy pensioners and not typical at all. Pensioners who only have a state pension could hardly be described as well off, and many have no or very little in savings.
Apologies in advance if any of these figures are slightly out, they are from Google sources. Out of the 13 million or so pensioners, 904,000 people are now paying 40 per cent income tax while a further 124,000 are paying 45 per cent, according to a freedom of information request obtained by former pensions minister Sir Steve Webb. A total of 8.8 million now pay tax. Wealthy pensioners cannot be a select group if one in 13 of us is paying higher rate tax? However, 4.2 million pensioners are below the tax threshold, of whom only 1.4 million claim tax credit, so there are 2.8 million who must rely on small amounts of savings. It’s impossible to generalise, based on such a wide income range and circumstances I think.