Another reason to give traditional pensions a miss

[DimPrawn]

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?

[MarillionFan]

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.

[DimPrawn]

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.

[MarillionFan]

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.

[SupremeSpod]

Fair enough.

Bang.

You're dead.

Simples

Oh bugger

ftfy

[xoggoth]

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.

[AtW]

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.

[DimPrawn]

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%

[AtW]

UK National Debt Clock - No-nonsense Guide to Britain's Debt Crisis

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

So that 5% across the board income tax hike would be needed just to repay interest rates..