Debate House Prices


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Comments

  • silvercar
    silvercar Posts: 49,744 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    michaels wrote: »
    Today's top BBC news business story - if you cash in your pension it is taxable. Apparently this stealth tax is set to catch out millions....

    Millions will cash in just to get the money, with no regard to how they will live in old age. They won't care that they lose some of their handout to tax as before now they didn't expect to see a penny.
    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
  • Nikkster
    Nikkster Posts: 6,391 Forumite
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    silvercar wrote: »
    Millions will cash in just to get the money, with no regard to how they will live in old age. They won't care that they lose some of their handout to tax as before now they didn't expect to see a penny.

    And then in a few years time, there will be some 'pension withdrawal misseling' scandal...
  • michaels
    michaels Posts: 29,161 Forumite
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    edited 2 April 2015 at 8:13PM
    Party Leaders debate - worth 2hrs of my life?

    So far...opening speeches for opening speeches

    Then more speeches...don't seem to be related to the question :(
    I think....
  • GDB2222
    GDB2222 Posts: 26,364 Forumite
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    michaels wrote: »
    Today's top BBC news business story - if you cash in your pension it is taxable. Apparently this stealth tax is set to catch out millions....

    It's an odd thing to call that a stealth tax. If you cash in your pension fund, you can have 25% tax-free, and the balance is taxable as income. That's simple enough. Everybody doing this is supposed to get independent counselling, so the tax should not come as a surprise.

    "And then in a few years time, there will be some 'pension withdrawal misseling' scandal..."

    I hope that whoever is doing the counselling is keeping very, very careful records. Otherwise, it is going to be very expensive for them in the future.
    No reliance should be placed on the above! Absolutely none, do you hear?
  • Nikkster
    Nikkster Posts: 6,391 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    michaels wrote: »
    Party Leaders debate - worth 2hrs of my life?

    So far...opening speeches for opening speeches

    Then more speeches...don't seem to be related to the question :(

    Damn, missed it :(

    DQWD: Just back from a swim. Outside. Whilst its snowing :D
  • michaels
    michaels Posts: 29,161 Forumite
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    Unusual micro-climate you have there just north of inner-herts :)
    I think....
  • Doozergirl
    Doozergirl Posts: 34,078 Forumite
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    I'm an hour behind too, Nikkster. Just put it on +1.

    My twitter feed is highly amusing. Just wish i wasn't behind.
    Everything that is supposed to be in heaven is already here on earth.
  • Doozergirl
    Doozergirl Posts: 34,078 Forumite
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    66606D47-C50D-467E-B625-D1C4F19A6A72_zpslqdxcoo3.png
    Everything that is supposed to be in heaven is already here on earth.
  • Spirit_2
    Spirit_2 Posts: 5,546 Forumite
    1,000 Posts Combo Breaker
    [COLOR="Magenta"Lir, sorry I missed your birthday, I hope you have a happy year ahead.xxx[/COLOR]
  • CKhalvashi
    CKhalvashi Posts: 12,134 Forumite
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    Nikkster wrote: »
    And then in a few years time, there will be some 'pension withdrawal misseling' scandal...

    Although who will be to blame here?

    Banks are acting on client instructions, and clients are guaranteed to this by legislation, so surely it's either the client or (unfortunately) the government that are going to have to pay this if there is.
    💙💛 💔
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