New state-sponsored retirement fund

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DimPrawn replied

19 March 2010, 16:01
It's a bit like, road tax, fuel duty and VAT.

Pay, pay and pay again.
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shaunbhoy replied

19 March 2010, 15:58
Originally posted by sunnysan View Post

If I dont have a pension I will be forced to contribute to a state pension with a 2% contribution charge and a 0.3% management fee.

Er......isn't that what NI is supposed to get you? A state Pension (amongst other things)?
Oh well........as long as it is fair. How can we doubt the wisdom of the man who saved the world?
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DimPrawn replied

19 March 2010, 15:02
Don't forget to buy your Carbon credits too.
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Doggy Styles replied

19 March 2010, 14:52
Yes, I think you've just about got it. It's Labour's latest chase-the-lady card trick.
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sunnysan started a topic New state-sponsored retirement fund

19 March 2010, 14:44
New state-sponsored retirement fund

AFAIK this is a proposal for effect in 2012

So let me get this straight.

If I dont have a pension I will be forced to contribute to a state pension with a 2% contribution charge and a 0.3% management fee.

So in effect I will either be forced to make my own arrangements or make additional contributions from my pay to a state pension on top of my contributions to a basic state pension.

So(Assuming I have this right), to call a spade a spade its just a veiled increase in taxes?
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