North West Leicestershire Conservative election candidate welcomes 'clear plan for pensioners'
By Ashby Nub News Reporter
28th May 2024 | Local News
Election candidate Craig Smith says 'only the Conservatives have a clear plan for pensioners' and welcomes the new Triple Lock Plus to cut taxes for pensioners across North West Leicestershire.
He has welcomed the Conservatives' new Triple Lock Plus, which is aimed at cutting taxes for pensioners across North West Leicestershire and guaranteeing people will never pay income tax on their State Pension.
From next April, the Conservatives say they would increase the personal allowance for pensioners in line with the Triple Lock by introducing a new age-related allowance – a tax cut of around £100 for eight million pensioners.
The Conservative Party adds it would guarantee in legislation that the pensioners' personal allowance will rise in line with the highest of earnings, prices or 2.5 per cent so it is higher than the state pension in each year of the next Parliament.
Whitwick-based Craig Smith said: "The Conservatives will always look after people who worked hard all their lives to provide dignity and security to pensioners in retirement, and the Triple Lock we introduced in 2011 is proof of that.
"We have already increased that State Pension by £3,700 since 2010 and I am delighted that our new Triple Lock Plus will guarantee that pensioners in North West Leicestershire will never have to pay income tax on their State Pension.
"Only the Conservatives have a clear plan for pensioners and will take bold action to protect them and deliver security in retirement. Sir Keir Starmer and the Labour Party betrayed pensioners before and would do it again."
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