That’s a separate issue. It doesn’t accurately reflect inflation experienced by such families, yes, but that doesn’t mean the government is lying nor that the figures are inaccurate. It just means that each person has a different basket of goods and therefore experiences inflation differently.
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Based on that figure, unless the tax free allowance is increased (It’s been the same for 5 years now), then the government will recoup £4 billion annually in tax from pensioners.
According to AI (yes I know it sometimes isn’t 100% accurate), there are currently 4 million pensioners living on state pension as their only income.
It’s likely that the people happiest to see these people struggle are sitting comfortable in the knowledge that their private or workplace pension is going to ensure that they won’t be ending up in those circumstances.
I think the government has already announced over the last month the state pension would remain non taxable for those without additional income?
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Hadn’t seen that. 
Prove it.
Provide a link or you’re a liar 
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It’s purely the effect on state pensions.
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Yet those that the government wish to squeeze are low income, pensioners and those on benefits. This calculate and justify using inflation figures.
So it hasn’t calculated how much effect someone that has spent 25 years paying into a WPP will decrease the amount of State Pension that person will need.
Great news.
Their daily increase just rose to 86p
Evidenc?
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Really?
The calculations may have been done but I think it unlikely to be a serious consideration here. Since the triple lock was introduced (about 15 years ago?) there has been a notable fall in pension poverty but that has been driven by the increase in state pension paid not through people making additional savings ahead of retirement.
For example, the minimum standards for retirement is calculated to be around £13,900 for a single person. The full state pension is still expected to be only around £13,250 from next April.
Home - Retirement Living Standards
The requirement to pay into a pension that came in around a decade ago doesn’t cover everyone and sets a low £ requirement of money that has to be paid into it that I don’t think moves the needle much, if at all. That is also probably offset by the decline of the defined benefit systems which fewer pensioners will be recieving over the next 10 years+.
Problem is people rarely want (or are able ) to tie up money for a long time. Given the rise in house prices during the same period, and now living costs, it’s even harder to push that through.
Maybe. I should probably wean myself off my caviar, Japanese wagyu and champagne diet.
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Maybe you could start by stop importing those expensive Cuban cigars and lighting them with £50 notes…
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Well, you started it.
That’s a 24-hour suspension for @redalways for insulting another poster in this thread.
Did I miss it?
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He accused you of being deliberately obtuse. Not on in this thread.
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I’ll assume this is sarcasm?
Nope. I’ve hated the triple lock since its inception and never thought either party would have the balls to scrap it. Big tick for Burnham imo.
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