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Re: Here comes the tax rises
Quote:
Originally Posted by Mr K
The 1 in 4 pensioners that are millionaires, will struggle without this £200 payment. I feel for them.....
Basing it on council tax band wouldn't be a bad idea with only the lowest bands qualifying. It needs to be targeted instead of throwing it at those that will just buy a new patio heater.
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Millionaires as in assets, or disposable income?
If you are retired, with a house worth £500k, and a pension pot of £500k (which gives an annuity of £23k per year), that makes the household worth a million, but pretty sure they are not living a "millionaire's" lifestyle...
Btw, I do agree with you that it needs to be more targeted.
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Last edited by Hugh; 09-09-2024 at 17:56.
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