Sunak and Hunt.

[gulliver1]

Rishi and Jeremy Have taken a pair of bolt cutters to the triple lock rise for State pensioners.By giving them a £692 a year rise for Basic pension with one hand, and taking back £530 with the other hand in Tax. Due to freezing the tax threshold. Hunt could come up with this one.

[ToraToraTora]

...so how are your figures arrived at?

[ToraToraTora]

13:04, judge welcome to the: Can we get an ounce of sense out of an eejit? club!

[ichkeria]

The triple lock relates to the annual rise in pensions, to ensure it rises by a minimum of I think it's 2.5 percent annually.

It doesn't say anything about taxes raised elsewhere.

Most people agree that the so called "triple lock" is unsustainable long term.

[ToraToraTora]

ich, the rise will push some over the tax free threshold and thus they will pay 20% on that bit but what we can't fathom is why Einstien thinks the rate will be 76.5%.

[davebro3]

If the triple lock is unsustainable & abolished it will only see the value of the OAP eroded as measured against inflation & the rise in workers earnings.

[gulliver1]

It's another case of stupid Toryism. A massive amount of pensioners have always voted Tory.  That's how to shoot yourself in both feet with both barrels.lol🤣😂

[Peter Pedant]

I missed the pun ( ed) fiscal drag which is what we are discussing here, isnt a pun.  It isnt even a nonsense phrase where one bit denies the next - like Police service, or military intelligence.

My deah late mutha ( mutti) didnt want to pay tax on anything over the age of eighty ( her age not the object's) and wdnt accept, life just isnt Like That

[ToraToraTora]

why wont you tell us how you calculate your figures?

[Peter Pedant]

Gullz - you cant say Stupid Tories - goes against the un-mimsy rule ( every post shall be mimsy)

AND a mod was telline me before they deleted my post ( with a flourish) some Tories arent stupid ( apparently) and object to such an insulting degrading and abusive term

[Peter Pedant]

I hestitate to allege that it was a Tory mod that done it. - No no, such conflict of interest cannot - will not -  must not - be present here

[Peter Pedant]

A massive amount of pensioners have always voted Tory. 

that should be 'number' really

massive number....  -  and the implication is that Labour wont tax them? I really dont think that is so

[ichkeria]

There was an excellent programme on Radio 4 about NI and pensions last week: part of the "Briefing Room" series. Worth catching up with on BBC Sounds if missed it and have time.

[barry1010]

The personal tax allowance is £12570.

There are two different state pensions in operation at the moment.

The basic state pension for those who reached pension age before 2016 is £8814 a year.

The state penion for those who reached pension age after 2016 is £11502 a year

Both rates are within the personal allowance limits.  

[ToraToraTora]

....so we are still waiting for Geniusy McGeniusface to tell us how he arrived at his figures in the OP. Right oh!

[barry1010]

He doesn't let the facts get in the way of a rant.  

[Redhelen72]

Give it up Tora - if you didn't get it after the second time of asking you are not going to get it after the 8th time of asking!

[ToraToraTora]

....maybe he's taken his shoes and socks off and is working out....could take a while.

[gulliver1]

TTT 13.06 Please refrain from criticizing what you can not understand. OK.

[ToraToraTora]

13:36 ..just trying to understand, perhaps you can help by telling how you calculated the figures in your OP.

[gulliver1]

I can well understand you radicalised Tories getting worried on AB .I do feel sorry for the future of your beloved Tory party.But it entirely your own fault. RIP .