Another reason to give traditional pensions a miss

Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:

You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.

AtW replied

14 October 2010, 11:21
Originally posted by DimPrawn View Post

UK National Debt Clock - No-nonsense Guide to Britain's Debt Crisis

I don't know, £2 bln will pay off 0.2%

So that 5% across the board income tax hike would be needed just to repay interest rates..
Leave a comment:
DimPrawn replied

14 October 2010, 11:06
Originally posted by AtW View Post

I think 1p on income tax only makes like 2 bln per year, that's exactly **** all when it comes to massive deficit.

UK National Debt Clock - No-nonsense Guide to Britain's Debt Crisis

I don't know, £2 bln will pay off 0.2%
Leave a comment:
AtW replied

14 October 2010, 10:55
Originally posted by MarillionFan View Post

Add 5p to income tax across the board.

I think 1p on income tax only makes like 2 bln per year, that's exactly **** all when it comes to massive deficit.
Leave a comment:
xoggoth replied

14 October 2010, 10:52
Due to people living longer the rate also goes down continually. My bro in law retired about 10 years ago and got 12%. I got 6%. By the time some of you lot retire they' be charging you interest.
Leave a comment:
SupremeSpod replied

14 October 2010, 09:31
Originally posted by zeitghost

Fair enough.

Bang.

You're dead.

Simples

Oh bugger

ftfy
Leave a comment:
MarillionFan replied

14 October 2010, 08:29
Originally posted by DimPrawn View Post

Indeed. I'm only earning miminum wage, but I think I could accept the rise and survive.

Fair's fair.

Add 5p to income tax across the board.
Cut dole benefits by half
Logans run Carousel for anyone out of work two years

Simples

and shoot people who say simples.
Leave a comment:
DimPrawn replied

14 October 2010, 08:03
Originally posted by MarillionFan View Post

Frankly add 5 p to income tax and just get it over with.

Indeed. I'm only earning miminum wage, but I think I could accept the rise and survive.
Leave a comment:
MarillionFan replied

14 October 2010, 07:26
Originally posted by DimPrawn View Post

BBC News - Tax relief on pensions to be reduced

More fiddling with the rules, higher and higher retirement age. Will anyone actually see a penny of the money back?

A lot of very silly short-term thinking going on. Tuition fees, lack of investment opportunities, scrapping child benefits, changes to pensions.

All the stuff that the tories of old were clued up on, all thrown out with the bathwater.

Frankly add 5 p to income tax and just get it over with.
Leave a comment:
DimPrawn started a topic Another reason to give traditional pensions a miss

14 October 2010, 07:21
Another reason to give traditional pensions a miss

BBC News - Tax relief on pensions to be reduced

The Treasury is due to announce sharp restrictions on the amount of tax-free income that savers can put in pensions.

The annual limit is expected to be reduced from £255,000 to £40,000.

More fiddling with the rules, higher and higher retirement age. Will anyone actually see a penny of the money back?
Tags: None