TAX REDUCTION FOR PENSIONERS

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TAX REDUCTION FOR PENSIONERS

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All people drawing a pension “state or private” pay 20% tax on everything over £10,000. After paying tax all our life I think it’s an insult that pensioners should pay the same tax at retirement as they did when they were working. I therefore propose that tax on pensions should be reduced from 20% to10% on earnings over £10,000 or the threshold raised from £10,000 to £20,000 before any tax is paid at all. Please vote for my petition.

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