Low-Paid Migrants: A Costly Burden of £150,000 for Taxpayers by State Pension Age
Thursday, 12 September 2024, 18:19
Economic Impact of Low-Paid Migrants
Low-paid migrants create considerable financial implications for taxpayers, accumulating costs as they approach state pension age. David Miles from the OBR highlights that the traits of these migrants—including their earnings and the length of stay—are critical factors in assessing their overall economic impact.
Key Factors at Play
- Earnings: Migrants with low incomes contribute less to the tax system.
- Length of Stay: Longer residing migrants may burden the system more significantly.
- Overall Cost: Each low-paid migrant costs taxpayers an estimated £150,000 by the time they reach pension age.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.