Age UK response to the Budget

Source : Age UK
Published on 21 March 2012 04:00 PM

George Osborne - The Chancellor of the Exchequer

In response to the Chancellor, George Osborne's Budget speech, Age UK has issued the following response.

Michelle Mitchell, Charity Director General of Age UK said:

"We agree with the Chancellor that the current pension system is bafflingly complex and so we welcome his announcement that the Government is to bring in a flat rate pension and look forward to reading more detailed proposals.

"Age UK believes that a flat rate pension would enable future pensioners to feel clearer about their retirement income and plan accordingly.

“However it is important that the Government does not lose sight of the needs of current pensioners, 1.8million of whom are living in poverty.

State Pension Age

“On the Chancellor’s announcement of an “automatic review” into increasing the State Pension Age, we recognise that as life expectancy increases it is reasonable to consider increases to State Pension age and longer working lives.

"However average life expectancy must not be the only factor that is considered as at the moment the huge disparities in healthy life expectancy across the country means that the poorest socio-economic groups will be required to sacrifice proportionately more of their retirement

Age-related tax allowance

“Older taxpayers will be disappointed that the Government has decided to scrap the age-related tax allowance. This will affect those with modest pensions and savings for their retirement.

Someone with an income as low as £10,500 who reaches 65 from April 2013 could be £259 a year worse than under the current system with very little time to adjust their financial retirement plans.”

 

 

   

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Age UK experts

  • We have a number of experts available for comment, including:

    Caroline Abrahams

    Caroline Abrahams

    Age UK Director of External Affairs Caroline Abrahams.

    Caroline Abrahams: Charity Director

    Caroline joined Age UK in 2012.

    A social scientist and barrister, Caroline has spent her career in the voluntary and public sectors, mostly on children and families’ issues. She has worked in a senior capacity at the children’s charity, Action For Children and at the Local Government Association. Caroline has also been a policy adviser to Ministers and Shadow Ministers, and a senior civil servant. A former chair of the End Child Poverty campaign, Caroline’s policy interests include integrated health and care, family policy, poverty and the role of the voluntary sector.

    Caroline oversees Age UK’s influencing work and her team covers research, public policy, health influencing, media, campaigns and engagement and public affairs. She is also the Charity's lead spokesperson.

    Caroline decided to work for Age UK because she could see that there was a lot to do to change policy and practice so older people are served well, and because she passionately believes that Age UK can make a big difference.

    Professor James Goodwin

    James Goodwin

    James GoodwinProfessor James Goodwin: Head of Research

    James is head of our research department in Age UK.

    His responsibilities include:

    • funding and commissioning a wide portfolio of research (including social and economic research, and research to improve the health and wellbeing of older people);
    • knowledge management and translation;
    • and all research partnerships, internal and external, including international.

    He has a Visiting Professorship in Ageing at Loughborough University.

    Jane Vass

    Jane Vass

    Jane Vass - Head of Public PolicyJane Vass - Head of Public Policy

    Jane Vass has been Head of Public Policy at Age UK since 2012, having joined Age UK’s predecessor, Age Concern England as Financial Services Policy Adviser in 2006. She was previously an independent consumer consultant specialising in financial services from the consumer viewpoint. In this capacity she undertook research such as reports for the National Consumer Council on equity release and on financial capability for the Securities and Investments Board. She also wrote the Daily Mail Tax Guide for 10 years. She was a member of the Financial Services Consumer Panel from 1999 to 2003, and from 1983 to 1993 she worked for Consumers’ Association.
    Jane was given an OBE for her services to financial services in the June 2015 Birthday Honours list.

    Jane Vass has been Head of Public Policy at Age UK since 2012, having joined Age UK’s predecessor, Age Concern England as Financial Services Policy Adviser in 2006.

    She was previously an independent consumer consultant specialising in financial services from the consumer viewpoint. In this capacity she undertook research such as reports for the National Consumer Council on equity release and on financial capability for the Securities and Investments Board.

    She also wrote the Daily Mail Tax Guide for 10 years. She was a member of the Financial Services Consumer Panel from 1999 to 2003, and from 1983 to 1993 she worked for Consumers’ Association.

    Jane was given an OBE for her services to financial services in the June 2015 Birthday Honours list.

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