Mistermeaner wrote: »
Issue for me is that all recent changes have disproportionately impacted dc savers where db get a softer ride
Paying full rate employees national insurance contributions plus increased employee pension contributions. While receiving 1% pay rises. That's enough to chew on for a while. Takes time to digest.
triplea35 wrote: »
Having just read this article just wondering what people's views are on a possible flat rate of tax relief, possibly 30%. Is the article pure speculation?
As a basic rate tax payer it seems fair to me. I may delay making this years lump sum contribution.
chucknorris wrote: »
It will be the end of future SIPP contributions from me, what is point of getting 30% tax relief when investing, but paying 40% (which I would be) when taking the pension out? OK the tax free lump sum (TFLS) would make it equal, but I might as well forget about pension and just simply invest. Tax free dividend income wouldn't be enough to encourage me to invest within a pension wrapper, there is also the risk that the TFLS might be removed or reduced at some point in the future.
Sterlingtimes wrote: »
There is also the possible benefit of tax-free inheritence of the pension where the pension owner dies before the age of 75.
atush wrote: »
So Phil H says that pension tax relief is too onerous for him.
So instead of messing about with LTA, and AA etc- the 2 birds with one stone approach is to disallow Salary sacrifice.
More income tax, more national insurance.
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