Says the bloke (?) with 3 degrees (?)
Inheritance tax ...
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Says the bloke (?) with 3 degrees (?)
What with flinging insults - they're not worthy of the term "barbs" - at JohnD on t'other thread as well, you're clearly fresh out of any reasoned arguments or counterpoints
What are Labour promising that you believe? Exactly which manifesto do you believe?
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Awwww still sore that despite working in the motor trade you had no clue about your obligations to check a person was insured and licenced to drive before allowing them to use your vehicle. You had no clue that you could be prosecuted. Bit of a rookie error that.
what are Conservatives promising what you believe?
Sunak said "we will carry on cutting taxes"
funny that............ since 2019 they have put in place policies to increase taxes by £80b
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Labour have said they will re-introduce the life time pension allowance, which caused so many people to take early retirement. That's not going to help NHS waiting times.
The previous model was incredibly unfair. if you were lucky enough to get a high paid job for a bit. It was at the expense of your pension. Not to mention very complex.
Some people have well paid jobs and then burn out or change track
adviser.royallondon.com
The previous model was incredibly unfair. if you were lucky enough to get a high paid job for a bit. It was at the expense of your pension. Not to mention very complex.
Some people have well paid jobs and then burn out or change track
Tapering of annual allowance - High incomes - Royal London for advisers
This reduces the annual allowance for people with an adjusted income over £260,000 and a threshold income over £200,000.
adviser.royallondon.com
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So you still don't want to answer the verysimple question, but do want to divert.
Let's try again.
What EXACTLY is wrong with a decent wage for a decent weeks work?
There's a proposed exemption for certain workers. I can't remember the exact cost. It was something like £40 million, but save £2 billion overall.
Hmm, so Labour will limit the generous tax benefits given to pension schemes.
You'll still get the benefits for more than a million in your scheme, but eventually the tax handouts reach a limit.
H'mmmm.
The pension scheme is intended to encourage people to put a bit aside so they do not suffer poverty in their old age.
Motorbiking wants to increase generous tax handouts to the wealthy.
He doesn't like assistance to the poor.
What next? Free doughnuts for the obese?
You'll still get the benefits for more than a million in your scheme, but eventually the tax handouts reach a limit.
H'mmmm.
The pension scheme is intended to encourage people to put a bit aside so they do not suffer poverty in their old age.
Motorbiking wants to increase generous tax handouts to the wealthy.
He doesn't like assistance to the poor.
What next? Free doughnuts for the obese?
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You do understand that I have answered this at least twice - and said there is nothing wrong.
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You are more than welcome to calculate what kind of pension with inflation adjustment you can buy for that pot. It's not like they wont pay income tax when they take it. But you'd like people to pay double tax, perhaps?
You seem to think it's a bad idea to save for a nice retirement and pay tax on your pension when you take it as income? Perhaps you'd like people to save very little for their retirement and be a burden on the state seeking hand outs?
It wont save a penny when people stop saving in their pensions and choose to burn through the pot sooner and rely on the the state to support them, when they run out.
Oh dear. True but do get more info before you post.
Then, in another change of direction, in his first Budget of March 2023, Mr Hunt announced that from April 2023 the charge on pensions worth more than the lifetime allowance would be set to zero, and that from April 2024 the allowance would be abolished.
Should the pensions lifetime allowance be reintroduced and, if so, how? | Institute for Fiscal Studies
Budget 2023 abolished the lifetime limit on tax-privileged pension savings. Labour has committed to reintroducing it. Would that be a good idea?
Would be good for you to read the entire history in the link.
Understand when someone has a different viewpoint? His "Puter says no".
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So you don't need to find extra work for them then.
You do understand what a decent wage means?