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Just let them have a similar tax allowance as workers and tax the rest as income
Tbf they are slashing the capital gains and dividends allowances, so that will relieve some wealthier savers of some of those income
greentricky-
Just let them have a similar tax allowance as workers and tax the rest as income
Once you reach state pension age, you stop paying NI (or it could be when you start receiving it), but pension income is taxable (including the state pension). You get tax relief on private pension contributions, so you are liable for income tax on the payments.
peter_h
Fine, if all you get is the state pension it needs to keep up with inflation I guess, but bring in NI on wealthy pensioners or something at the same time - why shouldn't people with massive private pensions shoulder some of the burden?