DWP may allow low earners to work and claim pension
Share
The Department for Work and Pensions is considering allowing people who choose to continue working after the retirement age to claim a pension and keep all of their wages.
According to the Telegraph, the DWP is considering scrapping rules that mean workers on low and medium wages lose their entitlements to pension credit once they earn more than £5 a week.
The plans are part of a push to reduce the retirement costs of the baby boomer generation. In 2012 the number of people turning 65 is expected to increase from 650,000 to 800,000.
If you enjoyed this article, sign up here to receive daily email updates from Money Marketing and Follow @_moneymarketing
Readers' comments (1)
Andy Connell | 22 Sep 2010 10:37 am
Yet another incident of what some might argue persecution of those who have bothered to make private provision for their retirement.
The clear answer is to get rid of pension credits, raise the State pension, and not penalise those who have taken the efforts to provide for their retirement.
Unsuitable or offensive? Report this comment