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Another reason to give traditional pensions a miss

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    Another reason to give traditional pensions a miss

    BBC News - Tax relief on pensions to be reduced

    The Treasury is due to announce sharp restrictions on the amount of tax-free income that savers can put in pensions.

    The annual limit is expected to be reduced from £255,000 to £40,000.


    More fiddling with the rules, higher and higher retirement age. Will anyone actually see a penny of the money back?

    #2
    Originally posted by DimPrawn View Post
    BBC News - Tax relief on pensions to be reduced





    More fiddling with the rules, higher and higher retirement age. Will anyone actually see a penny of the money back?
    A lot of very silly short-term thinking going on. Tuition fees, lack of investment opportunities, scrapping child benefits, changes to pensions.

    All the stuff that the tories of old were clued up on, all thrown out with the bathwater.

    Frankly add 5 p to income tax and just get it over with.
    What happens in General, stays in General.
    You know what they say about assumptions!

    Comment


      #3
      Originally posted by MarillionFan View Post

      Frankly add 5 p to income tax and just get it over with.
      Indeed. I'm only earning miminum wage, but I think I could accept the rise and survive.

      Comment


        #4
        Originally posted by DimPrawn View Post
        Indeed. I'm only earning miminum wage, but I think I could accept the rise and survive.

        Fair's fair.

        Add 5p to income tax across the board.
        Cut dole benefits by half
        Logans run Carousel for anyone out of work two years

        Simples

        and shoot people who say simples.
        What happens in General, stays in General.
        You know what they say about assumptions!

        Comment


          #5
          Originally posted by zeitghost
          Fair enough.

          Bang.

          You're dead.

          Simples

          Oh bugger

          ftfy

          Comment


            #6
            Due to people living longer the rate also goes down continually. My bro in law retired about 10 years ago and got 12%. I got 6%. By the time some of you lot retire they' be charging you interest.
            bloggoth

            If everything isn't black and white, I say, 'Why the hell not?'
            John Wayne (My guru, not to be confused with my beloved prophet Jeremy Clarkson)

            Comment


              #7
              Originally posted by MarillionFan View Post
              Add 5p to income tax across the board.
              I think 1p on income tax only makes like 2 bln per year, that's exactly **** all when it comes to massive deficit.

              Comment


                #8
                Originally posted by AtW View Post
                I think 1p on income tax only makes like 2 bln per year, that's exactly **** all when it comes to massive deficit.
                UK National Debt Clock - No-nonsense Guide to Britain's Debt Crisis

                I don't know, £2 bln will pay off 0.2%

                Comment


                  #9
                  Originally posted by DimPrawn View Post
                  So that 5% across the board income tax hike would be needed just to repay interest rates..

                  Comment

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