David Cameron writes about protecting pensioners
The Prime Minister writes ...
It comes down to values. We believe if you have put in, you should get out.
And if you have worked hard during your life, saved, paid your taxes, and done the right thing - you deserve security when you retire.
That's why we'll continue to increase the State Pension through the Triple Lock, so it rises every year at either the rate of earnings, prices, or 2.5 per cent - whichever is highest.
No more of the paltry increases - one year as low as 75p - we saw under Labour. Instead, the Basic State Pension has risen by £800 since 2010 with the Conservatives.
And it's why we're protecting pensioner benefits including the free bus pass, TV licence and winter fuel payment.
Values also lie at the heart of our commitment to give people the freedom to invest and spend their pension however they like.
From six weeks today, no longer will you have to buy an annuity and have your own money doled back out to you. Instead, your money will be yours to do with as you like. If you want to buy an annuity - fine. If you want to take a lump sum - fine. It's your money - you earned it.
And if you want to pass your pension on to your loved-ones, you'll be able to do so tax-free. No longer will you be hit by a shameful 55% tax - we've cut that to zero.
This is about values - Conservative values that say that everyone who has worked hard and done the right thing should know that they will have dignity and security in retirement.
And if you share these values, please consider making a contribution to our campaign today.
Yours,
David Cameron
It comes down to values. We believe if you have put in, you should get out.
And if you have worked hard during your life, saved, paid your taxes, and done the right thing - you deserve security when you retire.
That's why we'll continue to increase the State Pension through the Triple Lock, so it rises every year at either the rate of earnings, prices, or 2.5 per cent - whichever is highest.
No more of the paltry increases - one year as low as 75p - we saw under Labour. Instead, the Basic State Pension has risen by £800 since 2010 with the Conservatives.
And it's why we're protecting pensioner benefits including the free bus pass, TV licence and winter fuel payment.
Values also lie at the heart of our commitment to give people the freedom to invest and spend their pension however they like.
From six weeks today, no longer will you have to buy an annuity and have your own money doled back out to you. Instead, your money will be yours to do with as you like. If you want to buy an annuity - fine. If you want to take a lump sum - fine. It's your money - you earned it.
And if you want to pass your pension on to your loved-ones, you'll be able to do so tax-free. No longer will you be hit by a shameful 55% tax - we've cut that to zero.
This is about values - Conservative values that say that everyone who has worked hard and done the right thing should know that they will have dignity and security in retirement.
And if you share these values, please consider making a contribution to our campaign today.
Yours,
David Cameron
Promoted by Alan Mabbutt on behalf of the Conservative Party, both at 4 Matthew Parker Street, London, SW1H 9HQ
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