But they never got the £11,588. The £11,441 will still be more money than they currently get. They will be better off, just not as well off as they would have been.
I think a pensioner needs to have an income of over £100,000 before they are actually worse off as far as tax goes!
Your making my brain hurt
They do get the £11,588...., someone on £12,000 pension right now, this current financial year, 2011/12, will have taken home £11,588.
A new pensioner in 2013/14 on £12k will take home £11,441....how hard is that to understand
Michael Portillo on This Week put forward exactly the same argument as you and others are trying to make and the other 3 people in the studio just pulled a face and looked at him like he was an idiot...
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