It is a strong held belief by many Britons, that we must look after our elderly. It is also common knowledge that the traitors in parliament would rather sell their left nut than give British pensioners a break.
With this in mind it will not come as any surprise that British pensioners are ending up paying a third of their measly income to the government through taxes, new research by MetLife Europe has revealed.
They showed that a typical retired household has an income of £17,727, however, a huge £5,315 of this goes straight to the government through direct or indirect taxes.
The Financial Group MetLife Europe showed that Income Tax amounts to the biggest share of the money that is taken from pensioners, which amounts to about £1,500. A close second being VAT which costs a pensioners household around about £1,229 a year.
Insanely, the report found that the poorest fifth of retired households are having a staggering 40per cent of their £8,390 taken in taxes and goes to HM Revenue and Customs.
Dominic Grinstead, managing director of MetLife's UK branch, said: “Pensioners need to be aware of the effects of direct and indirect tax on their retirement income and to plan accordingly. Tax does not end when you stop working and clearly 30 per cent of gross retirement income being swallowed up by tax is a major factor to consider when planning for retirement.”
I personally do not believe that pensioners have to pay so much after working all their lives and after paying god knows how much money in their life time…. I would like to see this reduced, and to see the poorest being looked after rather than being looked on with disdain.
The National Front would like to see an end to the huge wastes in money, such as foreign aid, where billions of pounds are thrown down the drain, and instead should be spent at home, on our people, so we can ensure that pensioners are well looked after.
Thursday 29 April 2010
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