The thing is it’s not a replacement to the triple lock, it’s merely a change to it to reflect lags. It would still reflect inflation (CPI) and productivity gains (wages) the only thing it doesn’t do … (View Post)

What's not taxable? Pensions are taxed income, but because it's the first £12,500 someone receives no tax is paid on it. To be frank the biggest problem with any discussion about pensions i… (View Post)

Firstly what are you means testing - secondly means testing is stupidly expensive to do, I would suggest differential tax rates designed to recover the money at an appropriate level instead (View Post)

The lag time for wages is maximum 1 year - so if instead of working on a year on year basis you worked on a rolling 3 year basis, the inflation would be picked up in year 1 and were wages to rise eno… (View Post)

That’s 1,1000, 50, 4 and 499 (View Post)