Ekkie Thump
Full Member
- Joined
- Mar 9, 2013
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I'm not seeing why people are so devastated by the winter fuel allowance cut.
Nearly 1/3 (almost 30%) of all Over-65's are by literal definition, millionaires.
57% of all Pensioners have above 500k in assets.
The reduction of the fuel allowance means that only the bottom 15% get support, which for the 65+ demographic tops out at around the 300k+ in assets mark.
That, coupled with the £400 pension increase, means that despite this, pensioners still get a better deal than most of the population after this cut.
The fuel payment is linked to claiming the pension credit. From my understanding nearly 1 million pensioners are eligible for this but do not claim it. These people are some of the most vulnerable in society and as it stands will lose their fuel payment. I've no particular problem removing it from rich pensioners but these aren't them and will surely suffer.