QE knocks further £90bn off pension funds

[Bwana]

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[MarillionFan]

My BTL is getting let on the 16th. The person renting is paying all six months in advance (for some reason). Result.

[BrilloPad]

The thing is... if BTL is becoming more and more popular as an alternative to a pension, how long before governments/BOE start to target that as their piggy-bank rather than raiding pensions? Seems like so far... the BTL brigade (& property-owners in general) have got off very lightly in terms of being shafted by tax/economic-policy. How long will that situation last?

Indeed. Even mortgage interest can be offset against tax.

And its a great pity for people struggling to get on the housing ladder.

[scooterscot]

The thing is... if BTL is becoming more and more popular as an alternative to a pension, how long before governments/BOE start to target that as their piggy-bank rather than raiding pensions? Seems like so far... the BTL brigade (& property-owners in general) have got off very lightly in terms of being shafted by tax/economic-policy. How long will that situation last?

Why have we 'got off lightly'? A rightly owned and purchased for asset. The government sold off council housing, they cannot blame private investors for the mistakes the government made in the past.

The wod of pension cash sits in one pot, easy for the government to raid. At least with a privately held asset the sticky fingers of the government are limited.

[scooterscot]

My BTL is getting let on the 16th. The person renting is paying all six months in advance (for some reason). Result.

I had the same thing happen last year, nice little wod sitting in the account.

[AtW]

My BTL is getting let on the 16th. The person renting is paying all six months in advance (for some reason).

And who'd pay 6 months in advance? Either very stupid person or somebody who does not like credit checks?

[hyperD]

"rampart inflation" appears to be a fading memory the older I get.

[MarillionFan]

And who'd pay 6 months in advance? Either very stupid person or somebody who does not like credit checks?

Divorcee.

[AtW]

Divorcee.

BS, divorcee won't have so much money left and would be counting every penny, probably living rough on street - at least that's what BrilloPad told me...

[Bwana]

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