The State pension age (SPA) is back under the spotlight following the Conservatives’ pledge to increase it in 2016 – ten years ahead of the schedule laid out in the Pensions Act 2007 – and amid calls from think tanks to increase it to 70. The Shadow Chancellor, George Osborne, also pledged to reverse the effects of Gordon Brown’s pensions tax raid – the infamous 1997 abolition of the advance corporation tax credit – although this may be difficult to achieve, given that the ACT change was abolished as part of larger tax measures.
30/10/2009
Retirement age back in the spotlight as Tories pledge to bring forward increases
The State pension age (SPA) is back under the spotlight following the Conservatives’ pledge to increase it in 2016 – ten years ahead of the schedule laid out in the Pensions Act 2007 – and amid calls from think tanks to increase it to 70. The Shadow Chancellor, George Osborne, also pledged to reverse the effects of Gordon Brown’s pensions tax raid – the infamous 1997 abolition of the advance corporation tax credit – although this may be difficult to achieve, given that the ACT change was abolished as part of larger tax measures.
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