SOCIAL SECURITY BENEFITS
Sir,—Would you kindly accept this letter in answer to "Scant Allowance " in "The Press" to-day. First, may I congratulate Mrs C. C. S. Stewart, member for Wellington West, in taking up the cudgels on behalf of the age beneficiaries, and second, thank "Scant Allowance" for the letter about the drastic restrictions on the amount of income the benefit receiver may earn. How many subscribers have actually examined the social security booklet and digested this paragraph? "The age benefit will be reduced by £1 a year for every £lO of net accumulated property possessed by the applicant." After being thrifty all your life and having say £520 invested in shares and debentures, from which you draw in interest approximately £26 a year, the Government sets you down as drawing £52 a year and debars you from earning more. In other words, it taxes you 10 per cent, on all your savings excepting £SOO in the Post Office Savings Bank. Is this a charity pension we are receiving, or is it ? superannuation scheme under which every person over 16 years subscribes? The poorest and the most thrifty section of the community is being most unfairly treated.—Yours, etc., BE FAIR AND JUST. August 18, 1941.
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Press, Volume LXXVII, Issue 23412, 20 August 1941, Page 10
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205SOCIAL SECURITY BENEFITS Press, Volume LXXVII, Issue 23412, 20 August 1941, Page 10
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