nick venedi

Wednesday 21 September 2011

Pensioners facing debt

Reports suggest that pensioners who claimed their state pension for the first time during 2010/11 may receive a surprise tax bill which could plunge many into debt. So it doesn't look like anyone is safe under the current incopetent government.

The warning came from charity the Consumer Credit Counselling Service (CCCS)which keeps an eye on these sort of things.

The CCCS says notices are currently being sent out by HMRC to an estimated 1.2 million people who paid too little tax last year, due to errors in the Pay-As-You-Earn (PAYE) system. It is predicted that this figure includes up to 160,000 pensioners who could face repayments of up to more than £1,000 each.

I am hoping this will get more pensioners interested in taking action locally to stop government from cutting and making us all more poor.

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