BRITAIN’s pensioners deserve better. They are suffering not just from complexity in benefits and EU-driven energy price rises but also from the great indignity of means testing. Meanwhile the UK is staring into a pensions black hole created by Labour’s huge expansion of the public sector and that party’s vicious removal of dividend tax credits for private pensions. Without urgent redress, Britain will be bankrupted by a commitment it cannot hope to honour.
UKIP will: Simplify pensions and remove unnecessary and degrading means testing for our senior citizens. We will roll existing state pensions, Pensions Credit and the Winter Fuel Allowance into a flat-rate, non-means tested, non-contributory and non-taxable Citizens’s Pension with at least £130 a week for all pensioners aged 65 and over. There will be no reductions for those with personal savings or a private pension. People whose existing entitlement to state or public sector pension is more than £130 a week will continue to receive the higher amount. The Citizen’s Pension will be payable to all UK citizens, including those who have worked abroad.
UKIP will reinstate the dividend tax credit at 20%.