Government scraps pension cap
- Thread starter motorbiking
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It would doubtless have been possible to alter the terms of the NHS pension scheme to prevent prosperous Consultants being accidentally dragged over the Lifetime Allowance.
But that would not have given the Tories the pleasure of giving extra benefit to all highly paid people, while using the NHS as a smokescreen.
Is Lower's suggestion that aged nurses already have pension plans worth well over a £million convincing?
But that would not have given the Tories the pleasure of giving extra benefit to all highly paid people, while using the NHS as a smokescreen.
Is Lower's suggestion that aged nurses already have pension plans worth well over a £million convincing?
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Some sort of tax avoidance plan for rich doctors? Is their hard work and contribution to society somehow worth more than someone who has built a business employing 100s of people, or defended the innocent from jail? Surely if you are a high earner and pay all your taxes, you should be able to benefit from the same tax policy as the next man?
In France - you retire at 64 and you get the avg. of your best 25 years no matter how wealthy you are, indexed linked and funded by the tax payer.
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I don't see the point in helping those who are already pension rich. Its the poorer people with small or no pensions that need the help
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I agree. For those that struggle or can't afford to put any money away for pension, it just means more help from the state later in life.
So a few benefit but the majority lose.
An increased personal tax allowance would allow more lower earners to actually see more money, and therefore make work pay
But then the plebs would be more likely in a position to no longer need to work
"Free doughnuts for the obese!"
They could easily sort something for Docs. Childrens ITV this morning said they've already done it for Judges. Sad thing is the income tax threshold hasn't moved again. I think it's been around 12k for years now. That does hurt the poorest most. So in a nutshell more tax help for the wealthy and hit the poor. Childcare promise isn't worth a toss. Nearly 2 years away and not enuff care staff even now. I'm getting the feeling this lot don't want to be elected back in. They need to stop grinning when they're lying to people too. I've noticed Sunak has this really patronising grin and that "Hunt" bloke. PS I'm not anti wealth. It's good if people are encouraged to save for the future but the timing of this is absolutely untish.
Do many people in UK start on £50k? Are pensions growing at 8%? I'm defaulting to 'No', but happy to be proven wrong.
This generous change only enriches the top 2% of UK earners.
It is intended to please a small number of Tory supporters. No doubt some of them will open their wallets as Tory donors.
Consultants' gripe is that they are getting big tax bills in service, not when they take the pot. I'm not even sure they can take the pot? I am pretty sure they can opt out for the last few years though, keep the contributions (taxed obvs) and have a slightly smaller pension.
The generous benefits offered to pension schemes are justified by saying that they will help people avoid poverty in old age, and becoming a burden on the public purse.
This justification does not apply to anybody who already has well over a £million in their pension fund, and can afford to stash away two million.
Tories do though and always will.
Cory tunts.
What 5% every year for 30 years.....and 8 % pension growth...where exactly in narnia do you live and you would have to start on 50k at day 1....
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