Huge "LOL" from me this morning at Rishi saying "we are on the side of pensioners". That's the same Rishi whose government abolished the tax free lifetime allowance on private pensions and annuities from April this year, meaning ALL pensioners are now paying more tax on their private pensions, and, more significantly, ensuring those who have never paid tax on their pensions are now finding themselves with a monthly deficit. In the middle of the cost of living crisis, and for the first time ever, their private pensions have gone down, rather than up.
The sad thing is, a lot of them will read the news this morning and think they are being thrown a juicy bone, when it's the same government that has just screwed their pensions over.
I've had so many calls from pensioners this past month, some of them in tears at their pensions reducing, wondering how they are going to manage - "but they can't tax me, I have a tax-free lifetime allowance!" Not since the Spring Budget statement 2023 you don't, Mavis. I told them to remember this when a general election is called. But now Rishi's here to save the day with his convoluted reversal of the scheme and hopes all will be forgiven![Face with rolling eyes :rolling_eyes: 🙄](https://cdn.jsdelivr.net/gh/joypixels/emoji-assets@5.0/png/64/1f644.png)
The sad thing is, a lot of them will read the news this morning and think they are being thrown a juicy bone, when it's the same government that has just screwed their pensions over.
I've had so many calls from pensioners this past month, some of them in tears at their pensions reducing, wondering how they are going to manage - "but they can't tax me, I have a tax-free lifetime allowance!" Not since the Spring Budget statement 2023 you don't, Mavis. I told them to remember this when a general election is called. But now Rishi's here to save the day with his convoluted reversal of the scheme and hopes all will be forgiven
![Face with rolling eyes :rolling_eyes: 🙄](https://cdn.jsdelivr.net/gh/joypixels/emoji-assets@5.0/png/64/1f644.png)