Magazine article Public Finance

Robinson Cuts Rates Bills of NI Pensioners

Magazine article Public Finance

Robinson Cuts Rates Bills of NI Pensioners

Article excerpt

Single pensioners over 70 are to be given a 20% discount on their rates bills, Northern Ireland Finance Minister Peter Robinson has announced. They will also be allowed to hold £50,000 in savings - instead of the current £16,000 limit - without losing entitlement to low-income rate relief.

The concessions are part of a series of changes announced by Robinson following his consultation on the future of rates. They were, he said, strongly influenced by the recommendations of the Northern Ireland Assembly's finance committee (see Public Finance, November 23-29).

In another measure, the cap on the maximum value of a home for rates purposes will be cut from half a million pounds to £400,000. This will reduce the rates bills of the 5,000 most expensive homes and will, said Robinson, bring Northern Ireland nearer to the cap on council tax valuations in England. …

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