- 2008 Retired Members' Conference
- 13 June 2008
- Carried as Amended
Conference deplores the abolition of the 10p income tax band and its impact on pensioners especially those aged 60-64 for whom it will have a particularly adverse effect.
Conference believes it was not the intention of Gordon Brown, as Chancellor of the Exchequer, to disadvantage pensioners in this way, but also recognises that initiatives should have been in place at the time of the abolition to offset the negative effect on pensioners’ incomes and ensure that as a group pensioners would not lose money.
The compensation introduced by the new Chancellor, Alastair Darling, does not cover the whole loss and is only in place for this tax year. From April 2009 all those affected will be back to square one and facing a higher tax bill.
Conference demands that every effort must be made to secure compensation for the entire loss for all pensioners especially those aged 60-64.
Conference instructs the National Retired Members’ Committee to:
i.Liaise with the National Executive Council and Labour Link about ways of progressing this initiative and where appropriate become involved in any relevant campaigns; and
ii.Report back to Conference 2009.