Liberal Democrat leader Tim Farron has vowed to scrap winter fuel allowance for wealthier pensioners.
Liberal Democrat leader Tim Farron has vowed to protect the ‘triple lock’ on state pensions but says wealthier pensioners would lose their winter fuel allowance, under plans to be included in the Party’s 2017 general election manifesto.
Winter fuel allowance is a tax free payment of up to £300 a year paid to older people over the age of 65, regardless of wealth or income.
Under the plans announced today, it is estimated that around 600,000 pensioners with incomes above £45,000 a year would lose their winter fuel allowance, saving the treasury around £105 million.
Mr Farron said: “We are looking again at universal benefits paid to the wealthiest pensioners because money should not be paid to those who do not need it.
“We need to help those in need and on middle incomes and not…
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