Quote:
|
To pay for this he suggested that the winter fuel allowance, a tax-free payment of between £100 and £300, be withdrawn from pensioners who pay higher rate income tax. This would raise about £350 million a year. The rest could be funded with extra money from the Treasury’s spending review or, in the longer term, by imposing an additional national insurance rate of 1 per cent on the over-50s. This would mean that older taxpayers paid an extra £308 a year and would raise £2.4 billion.
|
Never going to happen.
They'll increase it on the under 40s most likely.