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Well, it taxes me
9:28am Tuesday 1st May 2012 in Letters
OH how I wish I could understand this tax system of ours. Having been assured that I would not be worse off, I find that, like other pensioners, I am worse off.
My state pension went up from £62.32 to £64.52, a rise of £2.20, but my pension savings tax credit was reduced by £6.22 from £9.21 to £2.99 per week. Overall I am £4.02 worse off every week.
Surely this is like Robin Hood in reverse – taking from the poor to give to the rich? Their tax rate has been reduced from 50p in the pound to 45p in the pound and a lot of the very rich have found ways to avoid paying the amount of income tax that they should.
People such as me cannot afford an accountant to help us get out of paying taxes.
If the rich paid the correct amount of taxes, the people at the lower end of the scale would be paying less.
The £4.02 I’m losing a week may not seem like a lot to the rich, but makes a huge difference to people such as me.
Anne Shepherd, Kexby Avenue, Hull Road, York.
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