Just read, pensioners are due to be taxed if income exceeds the £12500.00 basic allowance, why is this shocking new news (according to the feed from the Daily Telegraph). I thought this was always the case, personally (God will it) I fully intend to continue working post my 66th birthday and am fully aware of the tax implications. Would anyone one here stop working on principle just because of the Tax connotations?
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I still work part-time at 81 as a landlord to all of my tenants. It makes my tax affairs so complicated, I have to work it all out and then send a cheque to HMRC suitably accompanied by my return form. They hate cheques, but I refuse to send it electronically just to make their job easier😉
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It would be one way to ease people’s living standards by raising the tax threshold to at least 20k, but with the enormous black financial hole the last government has left, I doubt this will happen…
The threshold is now frozen until 2028, just keep your eye on the stealth taxes.
All manner of tax rises are coming.
I always made this point because I listened to Labour for years arguing the solution to EVERYTHING was more spending.
EG more spending on everything from midwives to education, disabled access to ‘fixing the nations people are running from’ (impossible btw, a nation can’t fix herself let alone dozens of others)
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But if the conservatives got back in they too would need to raise taxes, or would they continue with the smoke and mirrors policy?
Miliband has announced £11bn for tackling FOREIGN climate change in addition to the £35 million a day in foreign aid
This when we’re told theres no money, is criminal
Labour will slaughter this nation
The answer is a flat tax, so there are no smoke and mirrors
…and perhaps a little Boston Tea Party 
.
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What about a Poll Tax 
Why would we tax the polish?, there’s not many here now anyway…
Poll not pole. 
It is no shock to me.
Here in England, our standard personal tax free income allowance is the same whether we are employed or are pensioners.
Whether your income is derived from work-related earnings and/or from Private Pension Schemes and/ or from a State Pension, it does not make any difference. If you receive more income than your tax free allowance, you pay tax on it.
I have been paying tax on the part of my personal pension which exceeds the tax free allowance for years. When I became old enough to be eligible for a State Pension, my tax bill increased because I had to pay tax on all that extra Pension income.
There are folk in this Country who work full time and earn less than I receive in pensions per month, so why should they shoulder the tax burden. Pensioners can and should do their bit to contribute to the social fund if their income exceeds the basic tax free allowance that everybody is entitled to.
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Yep, pensioners forget, old age is supposed to be crap
I’m very surprised that the Telegraph stated that as everyone pays income tax and pensions are income. To not tax pensions or other income just because you’re old makes no sense - some people receive large pensions.
There is however a debate to come about charging pensioners national insurance.