The Budget 2012

[Kneetrembler]

Higher Fuel Tax
Cuts in child allowances
Higher tax on Cigarettes
Higher tax on Alcohol
Higher tax for pensioners

Lower tax for the seriously wealthy

What benefits are there for the average person?

[Frankeh]

I get £15 a month extra via PAYE. That's the only benefit I know so far and frankly it's quite a bit more than I was expecting.

[anonymous-user]

Uh hum...

http://www.pistonheads.co.uk/gassing/topic.asp?h=0...

[ralphrj]

Kneetrembler said:

Higher Fuel Tax
Cuts in child allowances
Higher tax on Cigarettes
Higher tax on Alcohol
Higher tax for pensioners

Lower tax for the seriously wealthy

What benefits are there for the average person?

Please explain how tax has been increased for pensioners.

[Fittster]

ralphrj said:

Kneetrembler said:

Higher Fuel Tax
Cuts in child allowances
Higher tax on Cigarettes
Higher tax on Alcohol
Higher tax for pensioners

Lower tax for the seriously wealthy

What benefits are there for the average person?

Please explain how tax has been increased for pensioners.

Four million pensioners will be £83 a year worse off after George Osborne took £3 billion out of income tax allowances for older people in his Budget.

http://www.telegraph.co.uk/finance/personalfinance...

[Frankeh]

I'm going to be working until I'm sodding 90 if the pension age keeps rising as is. Is a £6 a month cut really going to effect them that much?

[ralphrj]

Fittster said:

ralphrj said:

Kneetrembler said:

Higher Fuel Tax
Cuts in child allowances
Higher tax on Cigarettes
Higher tax on Alcohol
Higher tax for pensioners

Lower tax for the seriously wealthy

What benefits are there for the average person?

Please explain how tax has been increased for pensioners.

Four million pensioners will be £83 a year worse off after George Osborne took £3 billion out of income tax allowances for older people in his Budget.

http://www.telegraph.co.uk/finance/personalfinance...

1. The age-related allowance (ARA) is still increasing this year (from £9,940 & £10,090 to £10,500 & £10,660 respectively).
2. Anyone already receiving the ARA will not lose it.
3. The standard personal allowance is increasing to close the gap to the ARA.

[Blue62]

Frankeh said:

I'm going to be working until I'm sodding 90 if the pension age keeps rising as is. Is a £6 a month cut really going to effect them that much?

Great point, I mean what's £6 per month to a pensioner? Sometimes this place leaves me cold - oh and by the way, it's affect.

Missed the bit on booze though, I thought George Stillbourne had left alcohol alone?

[GBB]

Fittster said:

Four million pensioners will be £83 a year worse off after George Osborne took £3 billion out of income tax allowances for older people in his Budget.

http://www.telegraph.co.uk/finance/personalfinance...

My Dad gets a whopping pension, still works, lives in a massive house on his own and runs 2 cars. Why exactly should he not pay more tax?

My Mum has only worked circa 16 yrs of her life, gets a pension and a reasonable amount of taxed income, again why should she not pay more tax so that others pay less.

[Garlick]

garyhun said:

Uh hum...

http://www.pistonheads.co.uk/gassing/topic.asp?h=0...