Should rich pensioners be taxed more heavily?

Phillip Inman argues here that there needs to be a serious rethink of provision for old age. However, whether that involves taxation or an end to the free provision of benefits in kind is another matter.

A little bit of extra detail here to the Resolution Foundation survey regarding the comparative living standards of pensioners; it appears that the headline claim is a little bit more nuanced.

The Resolution Foundation data looks at household income after housing costs and this means that pensioners who have paid off their mortgages are relatively well-to-do.

However, even the Resolution Foundation admits that "before housing costs are paid, the median working-age household still has a higher income than the median pensioner household."

Nevertheless, I'm still of the view that this is an important issue going forward.