{"id":19527,"date":"2019-07-11T10:40:39","date_gmt":"2019-07-11T10:40:39","guid":{"rendered":"https:\/\/smh.group\/?p=19527"},"modified":"2023-02-15T13:45:31","modified_gmt":"2023-02-15T13:45:31","slug":"implications-from-the-over-75-tv-licence-row","status":"publish","type":"post","link":"https:\/\/devstagesite.co.uk\/smhgroup\/implications-from-the-over-75-tv-licence-row\/","title":{"rendered":"Implications from the over-75 TV licence row"},"content":{"rendered":"\n<p><strong>The BBC\u2019s decision to scrap universal\nfree TV licences for the over-75s is part of the larger debate about our\ngrowing ageing population. <\/strong><\/p>\n\n\n\n<p>Free TV licences for the over-75s were\nintroduced by Gordon Brown in his 2000 Budget. It was a classic\nrabbit-out-the-hat Budget measure, designed to please at a relatively modest\ninitial cost. <strong><\/strong><\/p>\n\n\n\n<p>Wind forward to 2015 and a government\nlooking to ease spending cuts discovered a neat way to deal with the rising\ncost of free TV licences: it passed the problem onto the BBC. In exchange for\ngovernment agreement on a financing deal that provided an index-linked licence\nfee and closed loopholes on catch-up TV, Auntie accepted the poisoned chalice\nof responsibility for the free licence scheme from 2020. <\/p>\n\n\n\n<p>While the BBC\u2019s recent announcement has\nbeen met with predictable political outcries, it always looked as if the\nbroadcaster would be forced to drop the universality of the over 75 free\nlicences. As the corporation has pointed out, maintaining the status quo would\ncost \u00a3745m \u2013 a fifth of its total budget.<strong><\/strong><\/p>\n\n\n\n<p><strong>A look at population numbers casts an interesting light on the problem. National Statistics data and projections show:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>In 2000 the UK had 4.37m people\naged 75 and over.<\/li><li>By 2020 the corresponding\nfigure is projected to be 5.84m \u2013 an increase of 1.47m or about one third.<\/li><li>The overall population is\nprojected to have grown by about a seventh over the same period \u2013 less than\nhalf the pace of the growth in over-75s. <\/li><\/ul>\n\n\n\n<p>Simply on the basis of the growth in the over-75 population and the increase in licence fee, the cost in 2020 would be double that of 2000. So the argument around free TV licences is a microcosm of the much larger issue of an ageing population and intergenerational fairness. It is also a reminder of the dangers of relying on the government to fund a comfortable retirement. <strong><span style=\"text-decoration: underline;\"><a href=\"https:\/\/devstagesite.co.uk\/smhgroup\/financial-services\/retirement-solutions\/\">Private pension provision<\/a><\/span><\/strong> is a must\u2026if only to fund later life TV viewing.<\/p>\n\n\n\n<p>To discuss your pension strategy drop one of our <strong><span style=\"text-decoration: underline;\"><a href=\"https:\/\/devstagesite.co.uk\/smhgroup\/financial-services\/\">Chartered Financial Planners<\/a><\/span><\/strong> a line on <strong>0114 266 4432<\/strong> or <strong><span style=\"text-decoration: underline;\"><a href=\"mailto:info@smhca.co.uk\">info@smhca.co.uk<\/a><\/span><\/strong>.<\/p>\n\n\n\n<p><em>The value of your investment can go down\nas well as up and you may not get back the full amount you invested. Past\nperformance is not a reliable indicator of future performance.&nbsp;&nbsp; <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The BBC\u2019s decision to scrap universal free TV licences for the over-75s is part of the larger debate about our growing ageing population. <\/p>\n","protected":false},"author":4,"featured_media":17118,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[16],"tags":[190,24,247,306,307],"class_list":["post-19527","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-services","tag-government","tag-pensions","tag-retirement-planning","tag-tv-license","tag-tv-license-row"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Implications from the over-75 TV licence row - SMH Group<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Implications from the over-75 TV licence row - SMH Group\" \/>\n<meta property=\"og:description\" content=\"The BBC\u2019s decision to scrap universal free TV licences for the over-75s is part of the larger debate about our growing ageing population.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/devstagesite.co.uk\/smhgroup\/implications-from-the-over-75-tv-licence-row\/\" \/>\n<meta property=\"og:site_name\" content=\"SMH Group\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-11T10:40:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-02-15T13:45:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/devstagesite.co.uk\/smhgroup\/wp-content\/uploads\/2018\/09\/Pension-Planning-FI.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"585\" \/>\n\t<meta property=\"og:image:height\" content=\"250\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Brendan Hall\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Brendan Hall\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/implications-from-the-over-75-tv-licence-row\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/implications-from-the-over-75-tv-licence-row\/\"},\"author\":{\"name\":\"Brendan Hall\",\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/#\/schema\/person\/637129b7464f960037f1b676f625570e\"},\"headline\":\"Implications from the over-75 TV licence row\",\"datePublished\":\"2019-07-11T10:40:39+00:00\",\"dateModified\":\"2023-02-15T13:45:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/implications-from-the-over-75-tv-licence-row\/\"},\"wordCount\":385,\"image\":{\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/implications-from-the-over-75-tv-licence-row\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/devstagesite.co.uk\/smhgroup\/wp-content\/uploads\/2018\/09\/Pension-Planning-FI.jpg\",\"keywords\":[\"Government\",\"Pensions\",\"retirement planning\",\"TV license\",\"TV license row\"],\"articleSection\":[\"SMH Financial Services\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/implications-from-the-over-75-tv-licence-row\/\",\"url\":\"https:\/\/devstagesite.co.uk\/smhgroup\/implications-from-the-over-75-tv-licence-row\/\",\"name\":\"Implications from the over-75 TV licence row - 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