Wealthy Pensioners to Benefit from ‘Quadruple Lock’
29 May 2024
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Julian Jessop quoted in The Express
IEA Economics Fellow Julian Jessop has been quoted in The Daily Express discussing proposals for a ‘Quadruple Lock’ on pensions.
The piece said:
“Julian Jessop, economics fellow at the Institute of Economic Affairs, said it was a ‘big plus’ of the policy that ‘poorer retirees living just on the state pension won’t pay income tax’.
“But he also warned there are some drawbacks with the policy, saying: ‘All pensioners will benefit, even the wealthiest; favours pensioners over younger people; further complicates the tax system; doubles down on the ‘triple lock‘ itself (which many economists believe is unsustainable)’.”
Read the full article here.
Julian was also quoted in Edinburgh Live and The Birmingham Mail.
The piece said:
“Julian Jessop, economics fellow at the Institute of Economic Affairs, said it was a ‘big plus’ of the policy that ‘poorer retirees living just on the state pension won’t pay income tax’.
“But he also warned there are some drawbacks with the policy, saying: ‘All pensioners will benefit, even the wealthiest; favours pensioners over younger people; further complicates the tax system; doubles down on the ‘triple lock‘ itself (which many economists believe is unsustainable)’.”
Read the full article here.
Julian was also quoted in Edinburgh Live and The Birmingham Mail.
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