New Posts For Thread: Pensions-Tax Free lump sumhttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23718190/pensions-tax-free-lump-sumWarning. I have heard in 2 places that in the Dec 9 budget the 25% lump sum that those over 55 can take from their pensions will start to be taxed.I am not risking it and have taken the max out of my SIIP this morning.Dont get Old or Sick here.https://community.betfair.com/tradefair__financials/go/thread/view/94198/23718190/pensions-tax-free-lump-sum?post_id=425715994#425715994Dont get Old or Sick here.Sun, 06 Dec 2009 02:13:46 -0600indeed, look at whats happened to annuity rates if you think the government gives a t*ss about those near retirementhttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23718190/pensions-tax-free-lump-sum?post_id=425715974#425715974indeed, look at whats happened to annuity rates if you think the government gives a t*ss about those near retirementSat, 05 Dec 2009 06:42:14 -0600shab-when have they ever been concerned about those near retirement? Perhaps they will only tax above a certain amount-anyway I've taken no chances and have taken my 25% out.https://community.betfair.com/tradefair__financials/go/thread/view/94198/23718190/pensions-tax-free-lump-sum?post_id=425715970#425715970shab-when have they ever been concerned about those near retirement? Perhaps they will only tax above a certain amount-anyway I've taken no chances and have taken my 25% out.Sat, 05 Dec 2009 06:25:09 -0600Won't happen due to the effect it could have on people near retirement.They might replace it with some kind of scheme that slowly makes it taxable, so that, say in 20 years, it will be fully taxable.https://community.betfair.com/tradefair__financials/go/thread/view/94198/23718190/pensions-tax-free-lump-sum?post_id=425715934#425715934Won't happen due to the effect it could have on people near retirement.They might replace it with some kind of scheme that slowly makes it taxable, so that, say in 20 years, it will be fully taxable.Thu, 26 Nov 2009 05:07:22 -0600Doubt it strongly the B***TARDS have got juicy lump sums to look forward to on retirement fromn Parliament and their minnion advisers too - ever heard of self interest ?https://community.betfair.com/tradefair__financials/go/thread/view/94198/23718190/pensions-tax-free-lump-sum?post_id=425715930#425715930Doubt it strongly the B***TARDS have got juicy lump sums to look forward to on retirement fromn Parliament and their minnion advisers too - ever heard of self interest ?Wed, 25 Nov 2009 19:17:40 -0600No doubt in my mind it will happen, just like moving the age thing from 50 to 55. Missed out on that by a small margin and will no doubt miss out on the tax free lumper :(https://community.betfair.com/tradefair__financials/go/thread/view/94198/23718190/pensions-tax-free-lump-sum?post_id=425715926#425715926No doubt in my mind it will happen, just like moving the age thing from 50 to 55. Missed out on that by a small margin and will no doubt miss out on the tax free lumper :(Wed, 25 Nov 2009 17:03:14 -0600it's actually now referred to as the pension commencement lump sumthey took away the tax free part in 2006 with A dayhttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23718190/pensions-tax-free-lump-sum?post_id=425715918#425715918it's actually now referred to as the pension commencement lump sumthey took away the tax free part in 2006 with A dayWed, 25 Nov 2009 15:06:33 -0600d13-I was told (but have not checked) that in Treasury literature this was until recently referred to as the "tax free lump sum " but this has recently been changed to "the lump sum payment" - in this Orwellian world you do wonder.https://community.betfair.com/tradefair__financials/go/thread/view/94198/23718190/pensions-tax-free-lump-sum?post_id=425715914#425715914d13-I was told (but have not checked) that in Treasury literature this was until recently referred to as the "tax free lump sum " but this has recently been changed to "the lump sum payment" - in this Orwellian world you do wonder.Wed, 25 Nov 2009 09:43:34 -0600Human RightsEqual OpportunitiesEuropean ParliamentAll these factors will effect any decision.They would announce a set date in event of suchLike they have for Pension age so you will get plenty of warning.The way things are going UK Govmt wont be ablhttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23718190/pensions-tax-free-lump-sum?post_id=425715902#425715902Human RightsEqual OpportunitiesEuropean ParliamentAll these factors will effect any decision.They would announce a set date in event of suchLike they have for Pension age so you will get plenty of warning.The way things are going UK Govmt wont be ablWed, 25 Nov 2009 03:24:12 -0600no way brown will do this imo it targets nearly all of his voters except the thieves living on the state who dont vote anywayhttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23718190/pensions-tax-free-lump-sum?post_id=425715870#425715870no way brown will do this imo it targets nearly all of his voters except the thieves living on the state who dont vote anywayTue, 24 Nov 2009 11:37:52 -0600