Submitted by Nick Farrelly on Thursday 27th May 2021
Published on Friday 4th June 2021
Current status: Closed
Closed: Saturday 4th December 2021
Signatures: 65
Relevant Departments
Tagged with
Pensions ~ Reform ~ Tax ~ Universal Credit ~ UNIVERSE ~ Universities ~ You
Reform how pension income is deducted from Universal Credit
Pension is deducted £ for £ as unearned income. Deductions are also based on gross pension income, before any tax is taken. It's unfair and unjust. Pensions can be taxed and also deducted from Universal Credit income.
The Government should change deductions for pension income so they are based on net income. This would mean, if you pay tax, your not penalised by Universal credit for the amount of pension you receive before deductions.
I would ask the Government to deduct pension income at 63p in the £, the same as earned income.
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