Ending of Tax Penalty on Pensioners

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2002 Retired Members' Conference
24 June 2002

This Conference is concerned that nearly a million pensioners are being penalised on tax free allowances because of restrictions imposed by the Government. Such age allowance restrictions penalise modest savings and punish those who have worked to earn a decent pension.

Conference requests the National Executive Council to raise this matter with the Government and to campaign for an increase in tax allowances for all pensioners. This could best be achieved by raising the amount of income at which the higher allowances are taken away and enable pensioners to be able to meet the increased cost of living.