When looking about for pensioner's news-items I came on this little gem:
It appears that because of the complexities in and the mistakes made by HM Revenue & Customs on our tax payments, the British pensioner taxpayers paid £250 million too much tax since 2003. ( That's £171 each on average ).
Interestingly, because of a similar load of mistakes 500,000 of us also underpaid some £207 each - on average - of tax that we were due to pay.
I look at it like this:
Why do pensioners pay any tax at source at all as if we have money to spend we pay all of the other purchase and value-added taxes that everyone else pays.
Surely it is time that the pensioners of Britain were taken
OUT of the income tax brackets for good as we have paid our whack of taxes all of our working lives ?
If we
WERE to be taken out of the income-tax brackets they would not need to chase us for this tax and those figures above would not happen at all. Not to mention that if these taxes were not needed to be serviced by the tax-workers at HMR & C they could make a saving in administration costs.
HERE is the article mentioned :
http://news.bbc.co.uk/1/hi/business/8320234.stm