pension

redbuzzard

grey_gym_sock wrote: »

you could also say that the SERPS/S2P/flat rate pension changes are theft (i.e. both previous and proposed changes). because many ppl will get lower pensions than they expected.

you could say it's theft when they increase income tax or NI while you still have the same salary, so your net income is less than you'd have expected. or your net pension is worth less. or your net investment income.

you could say it's theft when they increase VAT, so your income buys less stuff.

you could say theft when they cut or means-test benefits which you were relying on.

you could say it's theft when they fail to increase tax thesholds or benefits levels in line with inflation.

you could say it's theft when they cut public services which you were relying on.

you could say it's theft when they keep interest rates below inflation, so the real value of your savings falls.

it isn't, though.

Up to a point, Lord Copper