Pension capping needs to be adjusted to today's and tomorrow's standard of living. A person who is considered a middle class worker/professional retires to find that his/her income is now only one third of what he/she had. This ought to be revised seriously. Thank you
Pension capping needs to be adjusted for today's and tomorrow's standard of living
One measure can be to remove income tax on pensioners for example from 75 yrs and over up to a certain income. This will help pensioners increasing their income by 15%.
Agreed !
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