Tory Govt to seize private property

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BrilloPad replied

9 January 2021, 20:46
10% tax on assewts!

Will make all my ex-wives 10% poorer...
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NotAllThere replied

9 January 2021, 19:29
Thanks for reminding me. I must make NI contributions so I can get a basic UK pension in addition to a basic Swiss one. It'd pay for a bottle of wine at a restaurant once a year.
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AtW started a topic Tory Govt to seize private property

9 January 2021, 17:11
Tory Govt to seize private property

“A state raid on forgotten pensions, investments and insurance payouts will “unlock” £800m to be put towards charities and local communities as the country recovers from coronavirus.

The Government has sanctioned plans for a radical expansion of the "dormant assets scheme" to include long-lost retirement pots, share certificates and unclaimed payouts from life cover. This follows a four-year review into how to get more out of the billions languishing in long-abandoned personal wealth.

The scheme has already paid out close to £750m to good causes funded by money sitting in untouched bank accounts. This has been the only source of funding for the scheme until now.

The exact details of when pension and the other new assets included in the scheme will be officially classed as dormant is still being thrashed out, Telegraph Money understands.“

Government in GBP800m raid on lost pensions and investments for pandemic charities
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