Which party do you trust to manage your pensioner benefits over the next 5 years?
With just 15 days to go until the General Election, we think it would be useful to try and clarify what each of the seven major parties are pledging regarding pensioner benefits.
You have told us that one of the most important topics in the 2015 General Election for the over 50s is pensioner benefits, so let’s see who is promising what over the next 5 years.
Here are the main pledges made by each party:
- Maintain the triple lock on the state pension, so it rises by the highest of prices, earnings, or 2.5%
- Protect universal pensioner benefits such as free bus pass, TV licence, and Winter Fuel Payments
- Reward savings by introducing a new single-tier pension
- Give people the freedom to invest and spend their pension however they like
- Reform the pensions market so that pension providers put savers first and protect consumers
- Keep “triple lock” on state pensions so they rise by the highest of inflation, earnings or 2.5%
- Cut tax relief on pensions for wealthier savers
- Restrict Winter Fuel Payments for the richest five per cent of pensioners
- Keep the “triple lock” – raise pensions by the highest of inflation, wages or 2.5%
- Complete introduction of the single tier pension
- Scrap Winter Fuel Payment and free TV Licences for pensioners on the 40% income tax rate
- Keep free bus passes for all pensioners
- No increase in the retirement age
- Dedicated annuities advice
- Introduce a Citizen’s Pension of £180 a week linked to the rise in average earnings
- This means all pensioners would receive a non-means tested sum
- Provide free prescriptions for all
- Keep the pensioners’ bus pass and winter fuel allowance
- Vote to continue the triple lock,” guaranteeing that pensions will always rise by inflation”
- Support a single-tier pension of £160 per week
- Vote to protect the Winter Fuel Allowance
- Seek a review of plans to increase the state pension age beyond 66
- Living Pension for all pensioners, set at level of pension credit
- Support moves to allow early access to pensions
- Investigate flexible pension rights for self-employed
Which party do you trust to manage pensioner benefits over the next 5 years?
Do you have any comments?
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