Petition Change the tax laws for pensioners

Since 2008 the bank of England has adopted a policy of a low base rate. This has kept mortgages low but it has affected inflation. The avarage pensioner has not gained from this.

I propose two changes to the tax laws.

First point. No pensioner earning under £25,000 per annum should pay any taxes on pensions.

The second point. No pensioner earning under £40,000 per annum should pay any taxes on savings.

These two points should help compensate for the current low base interest rate and encourage more pensioners to retire, thus freeing jobs up for young people and helping the economy.