Originally posted by Hobosapien
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Previously on "BREAKING: Gorbon Brown robs pension pots!"
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Originally posted by SueEllen View PostWait until after 31 December 2020.....
Spending Review: Millions face cut in value of workplace pensions - BBC News
Millions of retirees will see the future value of their pension cut owing to a planned change in the way payments are calculated from 2030.
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Here is interesting bit - if they go ahead then “top up” will be lower, but they’ll still charge same tax when you get your pension
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“ Steven Cameron, of Aegon, said the reform could make a big dent in the future pension pots of higher and additional rate taxpayers unless they increased their contributions. But a higher, flat rate of relief would be in line with the Government’s levelling up rhetoric and be widely seen as a fairer system, Mr Cameron suggested. ”
Level up income tax levels then!
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“ A reform of pension tax relief could allow the Government to make billions in savings each year. Earlier this year, the Pensions Policy Institute, a think tank, reported the cost of income tax relief on pension contributions had increased to £9.3bn in 2018 for the Treasury. It estimated that a flat rate of 25pc would reduce that total to £7.3bn. ”
All that for mere 2 bln per year
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Originally posted by _V_ View PostHow many IT contractors does this affect? I would say approx zero.
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Originally posted by vetran View PostSo how would Jezzybell done different? Starmer is a far more competent operator and has supported the Government on most things during the Epidemic. Jezzybell would be asking the IRA etc. what to do.Originally posted by vetran View PostThat be true Jezzy was the leader of a Labour party that was made unelectable for a decade, his actions made Michael Foot look like a winner. His meetings with Hamas & IRA while they were both still murdering the innocent are facts but suggesting he was asking them what to do is obviously a bit of a stretch.
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Originally posted by GigiBronz View PostPeople are so stuck up on pensions when if we were to look at previous 5y the prices have seen a rampant increase, 30% probably in the weekly shopping basket, higher rents while salaries have not increased for probably more than 10y.
This is the real rubbery: INFLATION.
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Originally posted by AtW View PostWhose pensions do you think Rishi will rob next?
This is the real rubbery: INFLATION.
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Originally posted by AtW View PostMillions of pension savers could lose GBP73k if Rishi Sunak fiddles with inflation
Nice day light robbery, very niceMillions of savers could see £73,000 wiped off the value of their gold-plated “final salary” pension if the Government presses ahead tomorrow with a change in the way inflation is calculated....
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