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