UK should axe state pension for rich people, says OECD
by Angela Monaghan from on (#2MG1D)
Scrapping payments to wealthiest 5% to 10% would allow government to give more to people in greater need, says thinktank
Britain should stop giving the state pension to the rich and instead spend the money on benefits for the poor, according to the Organisation for Economic Co-operation and Development.
The Paris-based thinktank said that ending payments to the wealthiest 5% to 10% would allow the government to give more to people in greater need of support.
Related: The baby boomers have enjoyed the good times - now a tax hike is due | Phillip Inman
Related: Theresa May weighing up cheaper 'double lock' for pensions
Continue reading...