One part of Labour's misleading campaign relates to Winter Fuel Payments.
Both the Labour Party and the Liberal Democrats are proposing to phase out Winter Fuel Payments for those aged between 60 and 65. (60-64) (I think the tories are also committed to this.)
The Liberal Democrats want to keep the payments for those people who are getting pension credit and to cut the tax for those who pay tax (or are in work) by £700 a year. Remember that 70% of men aged 60-64 are in work and hence would be better off.
By acelerating the phasing out the Lib Dems can put additional money to disabled people as a form of winter fuel payment.
Hence no-one should be worse off, but those aged 60-64 will be generally better off as a result of the tax cut, but not as much as the tax cut. (by £450 per year)
Both the Labour Party and the Liberal Democrats are proposing to phase out Winter Fuel Payments for those aged between 60 and 65. (60-64) (I think the tories are also committed to this.)
The Liberal Democrats want to keep the payments for those people who are getting pension credit and to cut the tax for those who pay tax (or are in work) by £700 a year. Remember that 70% of men aged 60-64 are in work and hence would be better off.
By acelerating the phasing out the Lib Dems can put additional money to disabled people as a form of winter fuel payment.
Hence no-one should be worse off, but those aged 60-64 will be generally better off as a result of the tax cut, but not as much as the tax cut. (by £450 per year)
Comments