Maximising moribund pension fund

greenglide

According to http://en.wikipedia.org/wiki/History_of_taxation_in_the_United_Kingdom (I know, dreadful place to quote!)

In 1971 the top rate of income tax on earned income was cut to 75%. A surcharge of 15% kept the top rate on investment income at 90%.In 1974 the cut was partly reversed and the top rate on earned income was raised to 83%. With the investment income surcharge this raised the top rate on investment income to 98%, the highest permanent rate since the war. This applied to incomes over £20,000 (£181,858 as of 2015),[7]. In 1974 750,000 people were liable to pay the top-rate of income tax.[16]

It did come down from that.

But 98% - madness!

jem16

agarnett wrote: »

BTW, I wonder where atush fitted in to the mix? FE, ME, ME, ME, FA or IFA?

Way off the mark as usual. Atush does not work in financial services and never has.

atush

Nope, never ever ever.

agarnett

jem16 wrote:

Way off the mark as usual. Atush does not work in financial services and never has.

Yes my conclusion exactly.

So it'll be a question of the 2nd, 3rd and 4th options, served concurrently ?

oldguy9519

Thanks guys, for all your efforts ... I think I'm going to leave as is for now and cogitate for a while.

PS Yes, bought house in Canterbury in 88 and sold it at a loss in 94. Things have gone a but better since then luckily !