Reply to: 8% payroll tax

[Mordac]

Moron - I was on iPad and did not want to spend lifetime editing full quote. You know what iPads are, right stoopid?

P.S. Welcome to cUK General

Just for the record, what you actually have is an Etch-A-Sketch, not an iPad....

[AtW]

There's definitely a correlation between those who are too stupid to use the quote function and those who are just plain stupid, isn't there?

Moron - I was on iPad and did not want to spend lifetime editing full quote. You know what iPads are, right stoopid?

P.S. Welcome to cUK General

[vwdan]

"You interjected to call me an idiot."

I did not see your post and was referring to the idiot who posted just before you.

But for the record - yes, you are also an idiot (waste of time explaining why, but I've tried above)

HTH but BIDI

There's definitely a correlation between those who are too stupid to use the quote function and those who are just plain stupid, isn't there?

[AtW]

"The law changing a risk you take with any long term investment "

Pension is locked until you can claim it, that makes it totally vulnerable on one hand and totally desireable for a tax grab on another hand - a fair tax system would have guaranteed current tax rates for money put into pension in any given year, but would politicians give such guarantee? Would they ...f, and if they did I would not believe them. For that reason pension is crazy to put lots (well above average) of money in if you retire in 10-15 years, you'll get hit by tax and die from heart attack

[AtW]

2228

[AtW]

This thread has been particularly eye opening about the general knowledge and intelligence of by some outspoken members, though. Concerning.

[AtW]

"You interjected to call me an idiot."

I did not see your post and was referring to the idiot who posted just before you.

But for the record - yes, you are also an idiot (waste of time explaining why, but I've tried above)

HTH but BIDI

[DimPrawn]

Me 'ouse is me pension 'innit?

[vwdan]

So why do you keep making the same mistake?

Honest answer? It's 19:45 and I'm sat in an office waiting for other people to do things.

This thread has been particularly eye opening about the general knowledge and intelligence of by some outspoken members, though. Concerning.

[northernladyuk]

You interjected to call me an idiot. I assumed you had some useful to add - my mistake.

So why do you keep making the same mistake?

[vwdan]

1. Tou did not ask me

You interjected to call me an idiot. I assumed you had some useful to add - my mistake.

2. Yes, your pension will be raided - pension rules change all the time and almost never in favour of those who got decent pots

That's not really the same as underfunded pension schemes or company shenanigans, is it now? The law changing a risk you take with any long term investment apart from cash in your hand and even that could be seized I suppose. It was quite clear he was confused and talking about DB pensions from his comment about people needing to pay more in to cover the old - something that is demonstrably untrue with DC schemes of which these changes are primarily about.

3. It seems alright to you because your Ltd is most certainly PSC, you are not a real employer so in your mind its your own money anyway, hence you don't see a problem

Quite the opposite - I was going to make the point that this whole thread has seen Employer and Employee tax mixed up and conflated which I felt was particularly irritating. A Ltd Co contractor would be more attune to these kinds of taxs and see them as one, rather than a "real employer" who only really cares about how much Person A is costing them.

4. If you don't believe point 2 then you are a third contender

Oh, I believe it. I just lack the magical crystal ball that you have, clearly.

[AtW]

No answer? I moved my "mandatory tax" into a SIPP anyway - seems alright to me. Go on, I want to hear about all these DC pensions being (legally) raided?

1. Tou did not ask me
2. Yes, your pension will be raided - pension rules change all the time and almost never in favour of those who got decent pots
3. It seems alright to you because your Ltd is most certainly PSC, you are not a real employer so in your mind its your own money anyway, hence you don't see a problem
4. If you don't believe point 2 then you are a third contender

[vwdan]

Second contender!

No answer? I moved my "mandatory tax" into a SIPP anyway - seems alright to me. Go on, I want to hear about all these DC pensions being (legally) raided?

[AtW]

Second contender!

[vwdan]

You will only benefit from the fund if it hasn't already been raided to pay the shareholders, taxmen and pensioners of today.

Pension funds only work if more people pay into them each year to cover the outgoings.

What, from a DC Personal Pension? How's that work?