Do any of you know the ins and outs of the pension review i heard that they are going to give pensioners £140 a week and stop the incomes related pension? jaxx
If you put this bit of your text into Google:
give pensioners £140 a week
you'll get masses of results. This one was top of the list:
http://news.scotsman.com/politics/Vince-Cable39s-plan-to-give.6598562.jp
It seems at this stage it's just being discussed as a possibility, though I haven't studied it in depth.
Holistic
I was just listening to an interview with the Pension Minister on this subject on Money Box (BBC Radio 4; you can listen to it on the BBC iPlayer).
He said the aim is to reduce means-testing and simplify administration. The state pension will no longer be linked to National Insurance contributions, and might eventually pave the way for abolition of NIC.
It won't come in for a few years yet, and when it does, it won't be available to existing pensioners. For those people, certain means-tested benefits will remain.
Sorry to be sketchy on the details. The above is from memory, so don't take my word for it. But you should be able to find more information on line.
Connie
Thx for your help its appreciated. My interest in this is what will happen to the housing benifit that a lot of pensioners recive at the moment (pension credits) if they recieve more then the alloted amount to be able to recieve credits? jaxxx