Government pension b__tards and taxes


T

Tommy

Just read on the Hargreaves sight that drawdown rules are to be
changed such that one can only take 100% of similar annuity per year -
was 120%.

Couple that with one can only empty a pension pot (like SIPP) if you
have 20K per year of other pensions.

Why are governments in league with the pension /annutity companies ?

Make no mistake, this and the previous govt are making the upper
working classes and middle classes pay for everything.
And note the LOWERING of the threshold for 40% income tax.
Hell, a Nissan car assembler in Sunderland with plenty overtime is
going to be pushing into 40% income tax.

SIPPs are only worthwhile if you're at 40% tax; otherwise an ISA route
of saving is best.

Why save any money at all ? If you need care in old age, they punish
you for it.
 
Ad

Advertisements

T

tim....

Tommy said:
Just read on the Hargreaves sight that drawdown rules are to be
changed such that one can only take 100% of similar annuity per year -
was 120%.

Couple that with one can only empty a pension pot (like SIPP) if you
have 20K per year of other pensions.

Why are governments in league with the pension /annutity companies ?
They are not.

They are in the business of making sure that people don't deplete their
pension, spend it on a round the world cruise and then lounge around
claiming off the state.

tim
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Top