The Conservative government, led by Rishi Sunak, has pledged to maintain the 'triple lock' on the state pension and increase the tax-free pension allowance through a 'Triple Lock Plus'. This move has sparked criticism and debate, with opposition parties like UK Labour expressing concerns about the impact on pensioners. The policy aims to provide security in retirement and cut taxes for pensioners, with contrasting views on its effectiveness and implications for pensioners' finances.
We introduced the Triple Lock. Now we are introducing Triple Lock Plus. Under the Conservatives, state pension has risen by Β£3,700. This year, it is being increased by a further Β£900. Pensioners in Hertford and Stortford deserve peace of mind during their retirement.
Rishi Sunak: βI am confident we will get the tax burden downβ @RishiSunak speaks to The Times about his election campaign and bold pledges on national service, interest rates and defence β¬οΈ https://t.co/3qCzV6ODCd
Rishi Sunak: βThere will be a retirement tax under the next Labour government.β @GBNEWS #GE2024
"Rishi Sunak is already forcing pensioners to pay tax on their state pension. His 'triple lock plus' is too late" https://t.co/zBHfRXnOmw
Going forward, state pension will always be below the tax-free threshold. This is in addition to the @Conservatives' pledge to retain the Triple Lock. I have always been supportive of the Triple Lock, which protects pensioners, and was introduced by the @Conservatives in 2011. https://t.co/veMN66eA2h
Going forward, state pension will always be below the tax-free threshold. This is in addition to the @Conservatives' pledge to retain the Triple Lock. I have always been supportive of the Triple Lock, which protects pensions, and was introduced by the @Conservatives in 2011. https://t.co/veMN66eA2h
π¬π§ Triple Lock Plus To Save Retirees 28p A Week On State Pension β«PM outlined plans to increase the tax-free allowance for pensioners in line with the existing 'triple lock'Β β«@CallumCMason β«https://t.co/1d3jnZTqvG π #frontpagestoday #UK @theipaper π¬π§ https://t.co/olPtHLl0HA
With our Triple Lock Plus we would cut taxes for 8 million pensioners. But Keir Starmer will slap a #RetirementTax on your State Pension. Pensioners deserve dignity in retirement, not higher taxes. https://t.co/cpnLxf0b4K
Wednesday's front page: Triple lock plus to save retirees 28p a week on state pension #Tomorrowspaperstoday Latest by @callumcmason: https://t.co/cDIlLU8Dp6 https://t.co/wy48oQ6L5w
Opinion | A political gimmick? No, pensioners deserve βtriple lock plusβ It is right to commit to ensuring those pensioners with incomes at or below the new state pension should not be dragged into the tax net π Baroness Ros Altmann https://t.co/4w0QW8TRse
Triple lock plus would only save many OAPsβ Β£14.60 a year by 2028, analysis shows π΄ @CallumCMason reports https://t.co/y2wOkyEEhg
After 14 years of Tory governments, the promise of security in retirement is now more precarious than ever. @UKLabour will protect the pension triple lock to give pensioners the certainty they deserve. https://t.co/ScpoyQHWhN
Conservative Governments are always best for pensioners. Great reception in the North West of England today for our income tax cut for pensioners with the new Triple Lock Plus. @SarBritcliffeMP @JamesDalyMP @ArnoldSaunders5 @DavidRutley https://t.co/VBxh5FIWTC
I passionately believe that those whoβve worked hard should have security in retirement. Thanks to our Triple Lock, pensions have risen by Β£900 this year & now weβll cut taxes by Β£100.Β Under Labour pensions rose by just 75p one year and pensioner poverty was through the roof. https://t.co/Sy7xlS7Fd0
Lovely meeting pensioners in Blackpool North and Fleetwood with @BeaversLorraine Unlike the Tories @UKLabour will never put your pension or Britain's finances at risk. That means we can protect the Triple Lock, giving you peace of mind to enjoy the years ahead. #TimeforChange https://t.co/fACjbaVclB
Conservatives promise to raise tax-free pension allowance via a "Triple Lock Plus" https://t.co/dDHXsvtwf7
State pension 'triple lock plus' tax cut slammed amid older Britons 'struggles': 'Too little, too late!' https://t.co/TFfrcmbuoP #pensions #triplelock #statepension
Rishi Sunak has promised that the Conservative government will not only maintain the "triple lock" on the state pension, but that pensioners will see their 0% tax band rise in real terms too. It's smart politics, but terrible policy. https://t.co/QP3BuyOVwR