whp.blue
Well-Known Member
Well I not concerned as my pension is in property never trusted the whole idea of pension funds. I am pretty sure I am not on my own
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Osborne To Raid Pension Funds.
- Thread starter totallywired
- Start date
Hamann Pineapple
Well-Known Member
Not a Tory fan myself but that sounds like a good idea to me.
totallywired
Well-Known Member
As I said if you voted for these fuckers, don`t complain, You reap what you sow.
Twats aren't they.
Not a joker, just thinking of all the twats who voted them in, I feel your pain so much, I will celebrate with a nice glass of Hibiki tonight. The back bench revolt starts here. Haha.
Twats aren't they.
Not a joker, just thinking of all the twats who voted them in, I feel your pain so much, I will celebrate with a nice glass of Hibiki tonight. The back bench revolt starts here. Haha.
squirtyflower
Well-Known Member
What about them stopping tax relief on mortgage interest for buy to let, that will have an impact on profitsWell I not concerned as my pension is in property never trusted the whole idea of pension funds. I am pretty sure I am not on my own
SWP's back
Well-Known Member
- Joined
- 29 Jun 2009
- Messages
- 88,229
Yep and they'll look at those affected still being far more likely to vote Tory than Labour anyway so there's not too much downside for them.It wouldn't surprise me if they did.
There was a consultation on scrapping tax relief on pension completely in July.
Rather than going whole hog this is a half way house that affects only those on more than £42k
They've already stitched up really high earners by reducing personal tax allowance and from April having a tapered Annual Allownce for 'incomes' over £150k.
Add that to the reduction in Lifetime Allowance and some high earners have virtually lost all their tax relief on contributions already.
Socialists should be rejoicing this potential redistribution of wealth which is why it's such a strange thread.
Mustard Dave
Well-Known Member
Yep and they'll look at those affected still being far more likely to vote Tory than Labour anyway so there's not too much downside for them.
Socialists should be rejoicing this potential redistribution of wealth which is why it's such a strange thread.
You appear to have the misconception that a lefty would have even a feint understanding of finance and economics. ;)
squirtyflower
Well-Known Member
HahahaYou appear to have the misconception that a lefty would have even a feint understanding of finance and economics. ;)
whp.blue
Well-Known Member
What about them stopping tax relief on mortgage interest for buy to let, that will have an impact on profits
I bought them cash so never needed to use a mortgage and as I let several members of my family use my properties rent free I never got any tax relief in the first place as far as profits are concerned most of my properties have increased in value up to tenfold so only capital gains to worry about.
squirtyflower
Well-Known Member
Good luck to you mate, at least you've been planning for the futureI bought them cash so never needed to use a mortgage and as I let several members of my family use my properties rent free I never got any tax relief in the first place as far as profits are concerned most of my properties have increased in value up to tenfold so only capital gains to worry about.
Personally I'd like to have more eggs in different baskets, which you may have, such as a pension, investments in properties, stocks and shares, and some trackers as well as cash
Dave Ewing's Back 'eader
Well-Known Member
My 'pension pot' contains absolutely sweet FA. Successive governments, despite decades of paying in, have pissed it all up the wall! I intend to keep traipsing down to The Etihad for the next fifty years so I get me money's worth!! Had it been invested I could have retired with a lump sum of a clear million!!