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

[jamesbrown]

rampart house

I've always fancied a castle.

[BrilloPad]

"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.

Its not related to tax. Its to do with ZIRP and Ponzi scheme. And too many f**king foreigners owning in the UK n- especially with living in them.

UK needs an end to foreign ownership(at least a stop on foreign owners letting their property). And high inflation - especially wages. Until there is a bit of equality between young and old.

Chances of that happening - zero. Watching the Ponzi scheme eventually unwind(and that will not happen for at least another decade) should be amusing though.

[AtW]

UK needs an end to foreign ownership(at least a stop on foreign owners letting their property).

Most of foreign owner properties will be in expensive London areas.

[PurpleGorilla]

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

Its not related to tax. Its to do with ZIRP and Ponzi scheme. And too many f**king foreigners owning in the UK n- especially with living in them.

UK needs an end to foreign ownership(at least a stop on foreign owners letting their property). And high inflation - especially wages. Until there is a bit of equality between young and old.

Chances of that happening - zero. Watching the Ponzi scheme eventually unwind(and that will not happen for at least another decade) should be amusing though.

Agree 100% about foreign ownership, clear as day what has happened there, but gov has encouraged it.

Indeed positive bubble brewing gov intervention is outrageous. HTB, ZIRP, QE. All to keep the one thing that powers this economy going - the housing bubble.

And now the Tory scum want to tulip on junior doctors!?!

I don't agree that this will take ten years to unwind though.

Turning Japanese it's turning Japanese I really think so...

[AtW]

Foreigners who buy expensive London property don't spend their last money on it, in fact I reckon they bring into UK at least 10 times more money put into banking system - it's their safe heaven, place where they can run after their corruption and theft is found out in their respective home countries.

[PurpleGorilla]

Foreigners who buy expensive London property don't spend their last money on it, in fact I reckon they bring into UK at least 10 times more money put into banking system - it's their safe heaven, place where they can run after their corruption and theft is found out in their respective home countries.

China's gonna **** the world mate. No doubt about it.

[darmstadt]

There is an element of "Last days" to all of this - Cameron is going to jack it in, sooner than most expect; hence the strong support for staying in the EU. He wants to do what Blair couldn't achieve, i.e. a senior EU commissioner job.

Osborne has just about a 0% chance of becoming PM, and maybe a 10% chance of staying on as Chancellor beyond Cameron leaving. So it will be all to play after the referendum when there is a vote of no confidence or Cameron has to resign. The only real fly in the ointment is they are still overspending to the tune of £75 BN a year, so no real room for maneuver, except a massive government scale back (real cuts).

FTFY :-)

[AtW]

they are still overspending to the tune of £75 BN a year, so no real room for maneuver, except a massive government scale back (real cuts).

Yes they are and yes they will be overspending - hefty tax increases on minority groups won't generate anywhere near tax to plug the hole - only real cuts and he does not want to do those, even though it's obvious that in any case they won't get re-elected, might as well do the right thing and get vindicated in 10-20 years, but all they care about is getting a few more chances for re-election in 2020.

I am reading now more about businesses sacking people rather than Govt itself - Govt increased taxes on business as if it's free money, it ain't free - businesses will be cutting costs instead of generating jobs for out of work ex-public servants.

[NigelJK]

At the risk of putting this thread back on topic.

An analysis by Hymans Robertson, one of Britain's biggest pension consultancies, found that two thirds of higher rate taxpayers - equivalent to 3.2 million people - are currently not saving enough for their retirement.

And this matters to a Ltd company running, tax efficient contractor because?

[BrilloPad]

China's gonna **** the world mate. No doubt about it.

Maybe China is a bigger risk?

Why I'm not gripped by 'irrational despair' over the world's stock markets - Telegraph

Why aren’t more people banging on about eurozone weakness, rather than China, as the reason for the world’s travails?
Mind you, this particular part of the world’s problems does not look likely to be fixed any time soon.

And an even bigger risk - the need for growth the whole time.....

Off target: Is it the end of 'Abenomics' in Japan? - BBC News