What are you offering pensioners?

 

Yesterday on the doorsteps I was asked several times what are the Conservatives offering  pensioners?

Let me remind those who are retired or nearing retirement of what the Conservatives are offering:

 

1. Uprate the State pension by the best of 2.5%,  inflation or earnings. The last government introduced this triple lock, and the Conservatives will continue with this Coalition policy if elected to government. Recently the 2.5% guarantee has been useful, as there is currently no inflation on the CPI measure, and earnings growth has been below 2.5% on average.

2. Offer freedom from income tax for standard rate payers for the first 1000 pounds of savings income.

3. Offer Pensioner savings bonds, with a 2.8% interest rate for a one year bond, and a 4% interest rate for a 3 year bond to boost income on savings at a time of low interest rates.

4. Continue with the winter fuel allowance, tv licence concessions and travel assistance for pensioners. Labour wish to limit some of these schemes by income of pensioner.

The aim is that pensioners should also share in economic success, and not see their pension rise by less than those in work see their wages rise.

 

Published and promoted by Thomas Puddy for John Redwood, both at 30 Rose Street Wokingham RG40 1XU

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One Comment

  1. Narrow Shoulders
    Posted April 20, 2015 at 7:01 am | Permalink

    Noticeable that the one thousand pound savings income does not kick in until April 2016. Could this to ensure that the government does not miss out on the 8% interest rate on PPI claims. This is the only decent return in town and must deliver a nice return for the treasury. From April 2016 this will have diminished. Cynical.

  • About John Redwood


    John Redwood won a free place at Kent College, Canterbury, and graduated from Magdalen College Oxford. He is a Distinguished fellow of All Souls, Oxford. A businessman by background, he has set up an investment management business, was both executive and non executive chairman of a quoted industrial PLC, and chaired a manufacturing company with factories in Birmingham, Chicago, India and China. He is the MP for Wokingham, first elected in 1987.

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