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New state-sponsored retirement fund

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    New state-sponsored retirement fund

    AFAIK this is a proposal for effect in 2012

    So let me get this straight.

    If I dont have a pension I will be forced to contribute to a state pension with a 2% contribution charge and a 0.3% management fee.

    So in effect I will either be forced to make my own arrangements or make additional contributions from my pay to a state pension on top of my contributions to a basic state pension.

    So(Assuming I have this right), to call a spade a spade its just a veiled increase in taxes?
    There are no evil thoughts except one: the refusal to think

    #2
    Yes, I think you've just about got it. It's Labour's latest chase-the-lady card trick.

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      #3
      Don't forget to buy your Carbon credits too.

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        #4
        Originally posted by sunnysan View Post
        If I dont have a pension I will be forced to contribute to a state pension with a 2% contribution charge and a 0.3% management fee.
        Er......isn't that what NI is supposed to get you? A state Pension (amongst other things)?
        Oh well........as long as it is fair. How can we doubt the wisdom of the man who saved the world?
        “The period of the disintegration of the European Union has begun. And the first vessel to have departed is Britain”

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          #5
          It's a bit like, road tax, fuel duty and VAT.

          Pay, pay and pay again.

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