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Now They Are Going To Steal From Defined Benefit Schemes....
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OK so they are in surplus for now, not that long ago they were not.
Another disgusting act of theft from pensioners by this insidious shower of a government. They won't be happy until they have totally halted saving for retirement. What's the point? Do nowt your whole life get given everything for free anyway. Sadly though they'll quickly run out of other peoples money to spend.
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For more on marking an answer as the "Best Answer", please visit our FAQ.Since when has 20% been a majority? Your increasingly desperate attemps to defend this showeer that you claim to not have voted for are highly amusing canary! PMSL!
Look at the actual link and tell me you are happy that they intend to plunder what they see as the current "surplus" of defined benefit schemes.
"What I will say is that growth is the number one priority, wealth creation, making sure that people are better off.
"Of course, we also have climate commitments, but growth is really important too."
Dear Keir
Please have your operatives put an accurate, checkable figure on how much the invasion is costing, per week will do, then take that figure and put it in the 'growth' pot.
Keep the climate taxation in place if you must but plug the sewer please.
Didn't Gordon Brown raid the pensions when he was in office?
no Brown did not. He changed the rules about tax on dividends.
erm yes he did. If you have no idea about pensions and tax law, it is time to keep silent
Prior to Brown a pension accumulation was (EET)
( wot EET den etc other gormless stupid comments)
Contrib ( tex exampt) accumulation ( tax exempt) and pay out ( T axed)
AB cries of foo - waht dat den foo foo foo !
In the UK, private pensions use an “exempt, exempt, taxed” (EET) model for income tax: Exempt: People do not pay income tax on pension contributions, although there are limits on these contributions. Exempt: People do not pay income tax if their pension investments increase in value.14 Oct 2024
Brown changed this to E E(T) T
some acumulation was taxed -E(T) see? more cries of foo !
this wrecked the pension system and was referred to a Broonz tax raid - and although he was warned - he said I am doing it anyway
any other catastrophic decisions - yeah PFI for the NHS
o god TTT cant you crawl back under froggie your stone and croak " Breaaax" ( thx to Aristophanes, the er Frogs 350 BC)
and yes at a leaving party 15 y after I retired, A queue formed with men who said "everyone who took your advice on the pensions changes has been able to retire early". I looked suitably moribund
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