AGE BENEFIT
Sir,—l would like to draw the attention of old-age pensioners to the following. For an old age pensioner or widow, if either has a boarder, profit is reckoned at 10 per cent, by the Social Security Department. The Taxation Department, however, reckons it at 20 per cent. So if a pensioner charges £2 a week, 8s is reckoned as profit and is liable for taxation (20 per cent.). Thirty shillings to 35s a week was the usual charge for board and lodgings over 12 years ago. Prices have risen double and treble in some
instances since then. I think it is time for a pensioners’ union.—Yours, etc., COUNTRY. May 11, 1950. I The superintendent of the Land and Income Tax Department at Christchurch (KJr N. A. Rowntree) suggested that the correspondent refer his case to the department for con-
deration. J
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Bibliographic details
Press, Volume LXXXVI, Issue 26121, 25 May 1950, Page 2
Word Count
143AGE BENEFIT Press, Volume LXXXVI, Issue 26121, 25 May 1950, Page 2
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