Rise in women’s state pension age prompts poverty concerns

From The Guardian: The state pension age for women rises to 65 today to match men for the first time, reaching a milestone that has prompted warnings from campaigners that the pace of equalisation has left some female retirees facing poverty.

The equalisation of the state pension age at 65 is the first step towards a rise to 66 for both sexes in two years (October 2020), and a planned further increase to 67 starting from 2026. Another rise to 68 from 2039 was recommended by the official Cridland review this year, which will hit workers currently in their late 30s and early 40s.

The accelerated timetable for equalising then raising the state pension age has hit women especially hard, according to the campaign group Waspi (Women against state pension inequality), with about 3.8 million women born in the 1950s forced to wait up to an extra six years to receive a state pension.

In protests outside parliament last month, Waspi said a lack of sufficient information about the rise meant many women did not find out about it until they reached 60, leaving them with no time to make alternative plans.

The former pensions minister Ros Altmann said: “The state pension age may be equalising but there is no pensions equality for women.”

[Read full article on Guardian website…]

Government’s ‘care Isa’ plans will only work for minority of wealthy people, Tory MP warns

From The Independent: Senior Tory MP Sarah Wollaston, the chair of Commons Health and Social Care Committee, has condemned plans for a new “care Isa” to fund end of life treatment, arguing that it would only work for a “small minority of wealthy people” who can afford to invest.

[Read article on Independent website…]

The majority of older people across England are living in areas breaching air quality limits

From The Labour Party: New Labour analysis of figures obtained from the House of Commons Library reveals the numbers of older people living in areas with illegal levels of air pollution across England. The analysis reveals that over 7 million older people aged 60 and over lived in areas which breached legal pollution limits in 2015, including:

  • 3.7 million people aged 70 and over
  • 1.45 million people aged 80 and over
  • 257,000 people aged 90 and over

In total, 56 per cent of all people aged 60 and over in England lived in an area which breached air quality limits for nitrogen dioxide in 2015.

Outside of London, Yorkshire & the Humber had the highest percentage of people aged 60 and over living in areas breaching air quality standards (79 per cent), followed by the North East (72 per cent), North West (67 per cent) and the West Midlands (62 per cent).

[Read full article on Labour Party website…]

Tory MP taunts Jeremy Corbyn with ‘ageist’ social care joke during Budget debate

From Daily Mirror: A heckler on the Tory benches in the House of Commons made what Labour MPs described as an “ageist” and “inappropriate” joke while Mr Corbyn complained older people “aren’t receiving the care they need”.

[Read full article on Daily Mirror website…]

“Economic murder”: Tory NHS and social care cuts linked to 120,000 needless deaths, conclude top researchers

From Daily Mirror: Tory NHS and social care cuts are “economic murder” and already 120,000 Brits have died needlessly since 2010, claim researchers at three top universities.

[Read full article on Daily Mirror website…]

Journalists destroy Theresa May over Dementia Tax

This video footage from a Theresa May press conference has been viewed over 3 million times on Facebook.

Theresa May destroyed over dementia tax

Posted by The Independent on Monday, May 22, 2017

 

Theresa May’s ‘dementia tax’ triggers Conservative backlash

From Financial Times: Theresa May is facing a growing Conservative backlash against her plans to reform funding for social care, with critics claiming she is introducing a “dementia tax” that could amount to a 100 per cent inheritance tax rate for core Tory voters.

[Read full article on Financial Times website…] (paywall, but free registration allows access to one article per month)

“Theresa May has complacently betrayed the Tory core vote”

Blog article from Another Angry Voice: “The Tory Dementia Tax is surely one of the nastiest and most ill-conceived pieces of legislation to ever appear in a General Election manifesto.

“It just goes to show how arrogant and out of touch the Tory party are that they thought they could get away with announcing such a malicious scheme to asset strip elderly people for the ‘crime’ of developing dementia or serious physical disabilities in their old age after lifetimes of paying National Insurance and Council Tax to cover the cost of things like the NHS and social care.

“Setting the bar at £100,000 when the average property price in the UK is £215,000 is clearly a way of harvesting the wealth of middle income families.

“The poor won’t have to pay it because they won’t own their own homes. The very wealthy won’t have to pay it because they can pay for private care in their old age. So it’s just the middle who get asset stripped. The people who worked hard and saved to buy their own properties are the low-hanging fruit the Tories have identified. They’re the target this time.

“Dementia Tax is clearly an inheritance tax specifically to extract the wealth of middle income families as they get ill in their old age, so that the Tories can continue lavishing tax breaks on the super-rich and their corporate chums (like the £70 billion that the ongoing Tory corporation tax cuts are going to cost by 2020).

“Dementia Tax is a clear and demonstrable attack on the Tory party’s own core support.”

[Read full article on Another Angry Voice blog…]

Tories plan to axe state pension “triple lock” from 2020

From ThisIsMoney.co.uk: The Tories will axe the ‘triple lock’ guarantee from 2020, meaning older people could eventually get smaller annual state pension rises if Theresa May wins the election.

The Conservative Party would switch to ‘double lock’ increases in three years’ time, so the state pension would no longer rise by a minimum of 2.5 per cent each year, but by whichever is the highest of inflation or annual earnings growth.

Labour and the Liberal Democrats have promised to keep the triple lock for the whole of the next parliament. But the newly-released Conservative manifesto says: ‘We will keep our promise to maintain the Triple Lock until 2020, and when it expires we will introduce a new Double Lock.

[Read full article on ThisIsMoney.co.uk…]

Tory manifesto: more elderly people will have to pay for own social care

From The Guardian: More elderly people will have to pay for their own social care in the home and lose universal benefits under a new Conservative policy which, Theresa May will say, is difficult but necessary to tackle the crisis in funding.

Introducing the party’s election manifesto, the prime minister will say it is the “responsibility of leaders to be straight with people about the challenges ahead” as she unveils a controversial policy that would reduce the value of estates that many people hope to pass on to their children.

The policy will be a flagship measure in the Tories’ election manifesto, which the prime minister will pitch as a programme for solving some of the challenges facing Britain. It means wealthier people with more than £100,000 in assets will have to pay for their own elderly care out of the value of their homes, rather than relying on the council to cover the costs of visits by care workers.

[Read full article on Guardian website…]

Poorest face ‘double whammy’ if Tories ditch triple lock on pensions

From The Observer: Plans to ditch the triple lock on the basic state pension would represent a “double whammy” for the poorest pensioners, many of whom have already lost out under this month’s new flat-rate pension, according to a leading pension expert.

Pensioners who rely on the state pension for most of their income will be the biggest losers should the Tories drop the element of the triple lock that guarantees annual rises of at least 2.5%.

Chris Noon, a partner at leading pensions consultancy Hymans Robertson, said linking increases to earnings growth or inflation would, over time, erode the value of the pension and push larger numbers of people into poverty on reaching retirement age. He said: “The low paid were the community most negatively affected by the significant changes to the state pension introduced from April 2016. Removing the 2.5% minimum increase … is a double whammy that would again impact this community hardest over the medium to long term.”

The flat-rate state pension, worth £159.55 a week, combines the basic state pension with pension credit and the state second pension, which previously rewarded low-paid workers with generous top-up payments. Estimates put the savings at £8bn by the end of the parliament. Ending the triple lock would come on top of this cut.

[Read full article on Guardian website…]