AGE UK response to spring budget 2024

Caroline Abrahams, Charity Director at Age UK said:

"Was that it?" This Budget was something of a non-event for older people, with very few announcements of much interest or relevance to them.

“The reductions in National Insurance (NI) will be welcomed by people in their fifties and early sixties who are in employment but do nothing for anyone working beyond their State Pension Age because they do not pay NI.  They can be forgiven for feeling hard done by as a result, especially since many of them are working in their late sixties and beyond not because they want to, but because they simply cannot afford to retire. Nor will it help retired people with modest pensions that take them over the tax threshold who will face an increase in income tax because personal allowances remain frozen.'