Tradefair & Financials
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Warning. 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.
I am not risking it and have taken the max out of my SIIP this morning.
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Taxing pensions is something this government, and Brown in particular, is good at.
Yet they want people to put more in them.
A more incompetent and mendacious shower would be difficult to find.
Yet they want people to put more in them.
A more incompetent and mendacious shower would be difficult to find.
I really hope this is not true, but i have a feeling that it will be :-(
Final NAIL in the
Pension scheme
Long live
Nulabor
Not
:)
Pension scheme
Long live
Nulabor
Not
:)
no way brown will do this imo
it targets nearly all of his voters except the thieves living on the state who dont vote anyway
it targets nearly all of his voters except the thieves living on the state who dont vote anyway
Human Rights
Equal Opportunities
European Parliament
All these factors will effect any decision.
They would announce a set date in event of such
Like they have for Pension age so you will get plenty of warning.
The way things are going UK Govmt wont be able to make such decisions.
The Banks are a prime example.
LLoyds and RBS forced by European Parliament to sell off assets because they borrowed UK Govmt monies.
How come Europe doesn't have a say in Cadbury takeover. Surely a monolopy issue??
They probably will.
We have defintely lost our independence - at a cost of paying for Welsh,Scottish, Westminster and Europe. A bit top heavy in that department I suggest.
Equal Opportunities
European Parliament
All these factors will effect any decision.
They would announce a set date in event of such
Like they have for Pension age so you will get plenty of warning.
The way things are going UK Govmt wont be able to make such decisions.
The Banks are a prime example.
LLoyds and RBS forced by European Parliament to sell off assets because they borrowed UK Govmt monies.
How come Europe doesn't have a say in Cadbury takeover. Surely a monolopy issue??
They probably will.
We have defintely lost our independence - at a cost of paying for Welsh,Scottish, Westminster and Europe. A bit top heavy in that department I suggest.
d13-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.
it's actually now referred to as the pension commencement lump sum
they took away the tax free part in 2006 with A day
they took away the tax free part in 2006 with A day
No 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 :(
Doubt 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 ?
Won'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.
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.
shab-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.
indeed, look at whats happened to annuity rates if you think the government gives a t*ss about those near retirement
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