Savings

[journolud]

Agreed, but you didn't say that. :) I don't see it happening under the current system.

Why not? For what it’s worth Reeves for example seems to know her stuff. I don’t find her particularly relatable though.

What system do you think we need to produce the type of politicians you want?

 

[Worsleyweb]

Spoken like the knee-jerk idiot you are

Lol!

 

[Alan Harper's Tash]

Might as well just merge this thread with the political one. There’s no difference.

 

[meeesh]

Under the pillow again for us

 

[Mr Kobayashi]

Under the pillow again for us

You'll lose more money due to inflation than you will to tax.

 

[meeesh]

You'll lose more money due to inflation than you will to tax.

It’s only what tooth fairy left anyway

 

[Uncle Wally One Ball]

Under the pillow again for us

Huge over reaction. Dont know your circs but anything needs to go into ISAs anyway

 

[Onholiday(somemightsay)]

Many (blue)moons back I sat back and laid out a retirement plan. This was around the time of the Maxwell pension scandal, so my trust in such schemes was eroded to say the least. I took the decision to forego a personal pension scheme in favour of ISA's to top up the state pension, which I "thought" was sacrosanct if totally inadequate.

Up to the rumours surrounding the upcoming budget, I was fairly relaxed that I had done the right thing (or at least, done something that was working out). Having effectively planned myself out of tax relief on pension contributions, I was confident that my retirement fund, being housed in cash and S&S ISA's would at least enable me to live off their earnings without paying tax. Now I'm not so sure.

I guess it will all come out next week, but currently I'm the most nervous I have been about this "plan"

Feel for you - that's a shite feeling to have considering you have planned and implemented (which is what we will have been educated to do)...........

 

[Georgian Maestro]

Still cannot get my head around why so many voted Labour. The majority of people knew this was coming and whilst the whole system is a complete circus at this point, Rishi Sunak was correct in his last attempt in advising people to not vote labour just because you want conservatives out. To answer your question...waiting.

What was the alternative?

 

[waspish]

Civil servants run the country the Mp's rake in as Much as they can have a pension that set them up for life and most mps will end up millionaires!

THEY DONT GIVE A FLYING FUCK ABOUT ANY OF US!

 

[meeesh]

Huge over reaction. Dont know your circs but anything needs to go into ISAs anyway

All maxed out them

 

[Mike N]

Labour for you - work hard, plan, save, take risks and they will come in and penalise you more for it.

Like your mates didn’t rip our great country apart for the last decade and a half.

 

[halfmist]

I have got out of share dealing and gone in to long term savings and land purchases. I have already had the Local Authority contact me, Labour controlled, to see if I would be prepared to include it in their land bank as an area for suitable development.

 

[halfmist]

Might as well just merge this thread with the political one. There’s no difference.

Not full of the lunatics which seem to inhabit the politics thread.

 

[dickie davies]

Do we think that she will introduce a tax on the 25% lump sum pension allowance?

 

[.db.]

I knew a fella years ago who will probably have retired by now, who used to keep his savings in his wall behind a plasterboard panel he could remove because he didn’t trust governments or banks.

Fuck knows what he did when the notes changed and the old notes were taken out of circulation?!

 

[stonerblue]

Like your mates didn’t rip our great country apart for the last decade and a half.

All those poor millionaires eh...

 

[denislawsbackheel]

Do we think that she will introduce a tax on the 25% lump sum pension allowance?

Don’t see why not.
Tax relief was given on every penny put in.
Why should there be further tax relief?

 

[kaz7]

Do we think that she will introduce a tax on the 25% lump sum pension allowance?

I think she might , i could get my lump sum from my three very small pensions but being sixty four i am thinking that i am too young to do it

 

[kaz7]

I knew a fella years ago who will probably have retired by now, who used to keep his savings in his wall behind a plasterboard panel he could remove because he didn’t trust governments or banks.

Fuck knows what he did when the notes changed and the old notes were taken out of circulation?!

I hoarded some and took them to the bank, paid it into my account and swapped them for the new notes, back into my safe at home, where there is a will, lol