Forum for former BBC staff

Forum for former BBC staff
http://www.ex-bbc.net/cgi-bin/yabb/YaBB.pl >> Pensions >> Latest stupid idea from the coalition! http://www.ex-bbc.net/cgi-bin/yabb/YaBB.pl?num=1334241528 Message started by Dickie Mint on Apr 12^th, 2012, 2:39pm

Title: Latest stupid idea from the coalition!
Post by Dickie Mint on Apr 12^th, 2012, 2:39pm

Is to tax State Pension at source. Doh! :-/
I've just read this on Saga:
http://www.saga.co.uk/money/news/why-does-the-coalition-keep-targeting-pensioners.aspx

So having to synchronise BBC Pension tax and State Pension tax is simplying matters? Currently, as I understand it, the state tells the BBC to reduce the personal allowance by the state pension received. Easy, fixed standard known sum, applied to perhaps thousands of different value BBC pensions. But the state want to reverse that?

Richard

Title: Re: Latest stupid idea from the coalition!
Post by FoxyFace on Apr 14^th, 2012, 9:51am

I think what the Government are trying to do is simplify, but as usual their presentation is muddled.

Many BBC pensioners over 65 have incomes from more than the two sources of their BBC and State pension. However small( or moderate)--it is very likely that these third or even fourth elements are paid gross or are net and possibly reclaimable.

It is absolutely disgraceful that just because a pensioner has a very modest amount of gross taxable or reclaimable income they should be faced with the appalling complexities and accounting costs of tax form compilation.

For a start-It might be an idea if the National Insurance office talks "simplicity"to the Government Pensions dept and when they have a got a process together they then engage with the Inland Revenue. At the moment none of these three huge bureaucratic parties have the slightest idea of anything other than non collaborative self preservation.