Top up your pension...

[mudskipper]

... before the money grabbing bastards take more of your hard-earned

Conservatives also announce plans to cut pension tax relief

Assuming they do something along the lines of limiting relief to basic rate, I wonder if this would affect company contributions?

[SimonMac]

... before the money grabbing bastards take more of your hard-earned

Conservatives also announce plans to cut pension tax relief

Assuming they do something along the lines of limiting relief to basic rate, I wonder if this would affect company contributions?

If you pay just from the company you should be ok, but be careful as the lifetime limit (IE the maximum a pension can pay out) has already been cut from £1.5m to £1.25m, a few of us could hit that limit if they start early and invest well but for old folks like you you should be set

[alphadog]

Locking money away in a long term pension feels like a ticking time bomb to me.

Only a matter of time before a future government ends up devaluing the pound/taxes them/changes the rules again/inflates them into oblivion?

[DimPrawn]

Locking money away in a long term pension feels like a ticking time bomb to me.

Only a matter of time before a future government ends up devaluing the pound/taxes them/changes the rules again/inflates them into oblivion?

They can take away my pension, but they will never take away my immense Tory/Tax Payer supported BTL Portfolio!

[jamesbrown]

They can take away my pension, but they will never take away my immense Tory/Tax Payer supported BTL Portfolio!

Once Labour and the SNP get in, BTLers will be squished. Perhaps even in the first (emergency) budget.

[DimPrawn]

BTLers are like economic cockroaches, invincible even in the face of Labour policy! If they are taqxed more, they just stick the rents up to cover. House prices go up they make tax free gains, house prices go down it just means buy more at a higher yield...

Labour immigration policy means even more profits!

[d000hg]

They can take away my pension, but they will never take away my immense Tory/Tax Payer supported BTL Portfolio!

Until they force you to take benefit claimants at state-mandated levels of acceptable rent, or forcibly sell your properties at 70% off.

[centurian]

If you pay just from the company you should be ok, but be careful as the lifetime limit (IE the maximum a pension can pay out) has already been cut from £1.5m to £1.25m, a few of us could hit that limit if they start early and invest well but for old folks like you you should be set

Didn't George Osbourne reduce it to £1m in the latest budget.

In terms of this change, Labour is planning on making a similar change anyway - in fact this one isn't quite as strict. You don't lose all the tax relief - just reduce it to £10k for those earning £210K.

But once the concept of non-marginal relief has been set - just watch how easily the thresholds will drop.

[DimPrawn]

Until they force you to take benefit claimants at state-mandated levels of acceptable rent, or forcibly sell your properties at 70% off.

I think you'll find all the LibLabCon MPs are fully BTL loaded themselves, so it's the only true "safe in any economic event" form of investment.

[jamesbrown]

BTLers are like economic cockroaches, invincible even in the face of Labour policy! If they are taqxed more, they just stick the rents up to cover. House prices go up they make tax free gains, house prices go down it just means buy more at a higher yield...

Labour immigration policy means even more profits!

We'll see With the delirious new world of retrospective taxation, the fine print on your BTL investment is going to need adjusting: "the past is not a guide to the past".