oh dear (tm): Millions face 'retirement crisis' over pensions tax raid

[Waldorf]

So what happens when they use up your £100k and you are still alive?

They don't use the capital. You could easily invest £100K and get an income of £5K per annum, but nest in utilities, infrastructure funds, property etc.

The company paying the annuity could do this easily, plus if you have thousands, whilst some will live to 90, some will have died after 12 months, it's an easy way to make money.

Hence, annuities are no longer very popular now that they stent compulsory.

[OwlHoot]

Also, to state the bleeding obvious, if you think you'd be better off with Corbyn (you seem to complain a lot about dividend taxation, stamp duty changes, pension taxation etc.), you need to put down the bong.

It's bleedin obvious to us. But to millions of younger people (with more appearing every year), and fewer and fewer people having a realistic prospect of ever owning their own property or having a secure job, none all the issues you mentioned is the least bit relevant. In fact they would be more than happy to see swingeing tax rises on all of them if the money was redistributed.

edit: PurpleGorilla's .sig seems relevant here:

http://www.cih.org/news-article/disp...housing_market

[BrilloPad]

It's bleedin obvious to us. But to millions of younger people (with more appearing every year), and fewer and fewer people having a realistic prospect of ever owning their own property or having a secure job, none all the issues you mentioned is the least bit relevant. In fact they would be more than happy to see swingeing tax rises on all of them if the money was redistributed.

I don't see many bitter young people. They just want a chance to work hard and a shot at a future.

If I was young now life on the dole looks very appealing. Why work hard then get nothing to show for it?

A bigger question is if Corbyn can persuade young people to vote. IMO his stance on immigration will put a lot of young people off. They want people from the UK to get priority.

A few generalisations there....

[OwlHoot]

IMO his stance on immigration will put a lot of young people off. They want people from the UK to get priority. ...

True, that is one of his big Achilles heels. But are the Tories really any better?

[jamesbrown]

It's bleedin obvious to us. But to millions of younger people (with more appearing every year), and fewer and fewer people having a realistic prospect of ever owning their own property or having a secure job, none all the issues you mentioned is the least bit relevant. In fact they would be more than happy to see swingeing tax rises on all of them if the money was redistributed.

Young people are like other people, a little more idealist, somewhat more left leaning, on average, but they expect an elementary degree of policy coherence that a Corbyn gov't could never provide. Labour are utterly split and, therefore, incapable of providing a coherent message as a parliamentary party.

The analogies with anti-establishment parties and individuals grown from a social movement, like Podemos or Bernie Sanders, are weak at best - Labour is not such an movement - and these movements typically disappoint at the coalface. This is evidenced repeatedly in recent elections on the left and right of politics. Moreover, they are starting from a position of weakness. There is no grassroots surge in the opinion polls characteristic of a social movement. On the contrary, Labour are polling at a record low. It is inherently difficult to get young people to vote. Many hundreds of thousands have dropped from the electoral register following the abolition of automated registrations. The boundary changes and funding reforms will further reduce their chances.

People, young and old, ultimately choose coherence over ideals.

[PurpleGorilla]

oh dear (tm): Millions face 'retirement crisis' over pensions tax raid

I don't see many bitter young people. They just want a chance to work hard and a shot at a future

Of course not, they are getting wasted and having loads of fun.

Talk to them when they are in their early 30s. When they are settling down and a shoe box costs £450k.

http://www.theguardian.com/politics/...e_iOSApp_Other

[BrilloPad]

True, that is one of his big Achilles heels. But are the Tories really any better?

I can't see the Tories engaging young people. And I suspect youngsters will see UKIP as a wasted vote. So looks like another 5 years of Tory power until 2025.

[PurpleGorilla]

I can't see the Tories engaging young people. And I suspect youngsters will see UKIP as a wasted vote. So looks like another 5 years of Tory power until 2025.

Let's see how United the Tories are after this EU referendum.

[MicrosoftBob]

True, that is one of his big Achilles heels. But are the Tories really any better?

I can't see the Tories making you a housing priority because of your membership of Hezbollah or the IRA

[AtW]

Young people are like other people, a little more idealist, somewhat more left leaning, on average, but they expect an elementary degree of policy coherence that a Corbyn gov't could never provide. Labour are utterly split and, therefore, incapable of providing a coherent message as a parliamentary party.

"Conservatives" tax so much that the young don't have a chance to buy a house, send kids to good school (nevermind private), retire on decent income (impossible really) - that's all direct result of high taxes and on another hand lack of control over debt levels - graduates now got crazy debts and rampart house inflation (due to availability of cheap money and lack of new house building) forces people to make stupid decisions.

So, after all this nobody should be suprised that they'll vote for Korbyn who'll offer them far more realistic way out than Tories with their high taxes and high personal debts.