Author Topic: The government or tax payer must accept this cost.  (Read 1176 times)

brian54

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The government or tax payer must accept this cost.
« on: Oct 10, 2019, 09:55:46 PM »
https://www.msn.com/en-gb/money/other/pensions-tax-relief-set-to-cost-government-almost-£40bn/ar-AAIAIJS?li=BBoPWjQ

The government wants people to save for retirement.

Raven

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Re: The government or tax payer must accept this cost.
« Reply #1 on: Oct 10, 2019, 09:58:48 PM »
Too Late, I'm already retired.  ;D

Diasi

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Re: The government or tax payer must accept this cost.
« Reply #2 on: Oct 10, 2019, 10:09:10 PM »
https://www.msn.com/en-gb/money/other/pensions-tax-relief-set-to-cost-government-almost-£40bn/ar-AAIAIJS?li=BBoPWjQ

The government wants people to save for retirement.

Brian, as I've told you before, if your link isn't all in blue it won't work so I've sorted it out for you.

https://bit.ly/326oZGJ
Make every day count, each day is precious.
"Death leaves a heartache no one can heal, love leaves a memory no one can steal".  (Cassandra)

Alex22

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Re: The government or tax payer must accept this cost.
« Reply #3 on: Oct 10, 2019, 11:17:33 PM »
Brian, as I've told you before, if your link isn't all in blue it won't work so I've sorted it out for you.

https://bit.ly/326oZGJ
Spoil sport  !   ;D
.

Diasi

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Re: The government or tax payer must accept this cost.
« Reply #4 on: Oct 11, 2019, 10:13:37 AM »
Spoil sport  !   ;D

I didn't see why I should be the only one who had to endure reading it.  ;D
Make every day count, each day is precious.
"Death leaves a heartache no one can heal, love leaves a memory no one can steal".  (Cassandra)

Goingtoseed

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Re: The government or tax payer must accept this cost.
« Reply #5 on: Oct 11, 2019, 05:51:28 PM »
There's no must about it. I don't get tax relief on my investments or savings accounts - I end up paying tax on the interest. So why should people who save for a pension be subsidised by the amount of tax that I pay? Totally unfair
My pension contributions were never subsidised - the employer paid all of them for me.

GrannyMac

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Re: The government or tax payer must accept this cost.
« Reply #6 on: Oct 11, 2019, 05:53:30 PM »
I didn't see why I should be the only one who had to endure reading it.  ;D


😊😊
Just because you’re offended doesn’t mean you’re right.

R. Gervais

GrannyMac

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Re: The government or tax payer must accept this cost.
« Reply #7 on: Oct 11, 2019, 05:58:38 PM »
There's no must about it. I don't get tax relief on my investments or savings accounts - I end up paying tax on the interest. So why should people who save for a pension be subsidised by the amount of tax that I pay? Totally unfair
My pension contributions were never subsidised - the employer paid all of them for me.


I'm confused.  You said you get Pension Credit. Are savings and investments not counted for means testing? I know a relatively small amount is, so the interest would be piddling at current rates.
Just because you’re offended doesn’t mean you’re right.

R. Gervais

Goingtoseed

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Re: The government or tax payer must accept this cost.
« Reply #8 on: Oct 11, 2019, 06:11:34 PM »

I'm confused.  You said you get Pension Credit. Are savings and investments not counted for means testing? I know a relatively small amount is, so the interest would be piddling at current rates.
I only get a piddling amount of Pension Credit but do have declared investments/savings  that total £10,500. The rest are in a trust.
I do pay tax on the interest on that £10,500 albeit small by comparison, but the point is why should someone who contributes to a pension (savings) get tax relief on what they pay in yet I get nothing when I save more money?

biglouis

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Re: The government or tax payer must accept this cost.
« Reply #9 on: Oct 14, 2019, 01:05:15 AM »
I recently had a conversation with someone who said it very unfair that people who had savings, bonds, and stocks and shares had that counted for benefit purposes but others (like me and my grandmother before me) who had collected stuff and then sold it the proceeds was not counted as "income" for benefit means testing.



Rules are for the guidance of wise men and the blind obedience of fools.

zoony

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Re: The government or tax payer must accept this cost.
« Reply #10 on: Oct 14, 2019, 01:19:13 AM »
  Biglouis, was his name Brian?
"Listen to the wind, it cleans the mind."

"Never use money to measure wealth, son"

                                           cowboy wisdom.

brian54

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Re: The government or tax payer must accept this cost.
« Reply #11 on: Oct 14, 2019, 03:51:00 AM »
There's no must about it. I don't get tax relief on my investments or savings accounts - I end up paying tax on the interest. So why should people who save for a pension be subsidised by the amount of tax that I pay? Totally unfair
My pension contributions were never subsidised - the employer paid all of them for me.
Put your money in an ISA. Pension Credit should be stopped.

mick607

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Re: The government or tax payer must accept this cost.
« Reply #12 on: Oct 14, 2019, 04:26:40 PM »
Put your money in an ISA. Pension Credit should be stopped.


ISAs are virtually useless paying very little interest.
I expected better financial advice from you Brian.

brian54

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Re: The government or tax payer must accept this cost.
« Reply #13 on: Oct 14, 2019, 04:53:04 PM »

ISAs are virtually useless paying very little interest.
I expected better financial advice from you Brian.
Have a look at Link Financial.

Alex22

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Re: The government or tax payer must accept this cost.
« Reply #14 on: Oct 14, 2019, 05:23:34 PM »
Have a look at Link Financial.
Why  ?
.