Will there be Pension apartheid?

ffacoffipawb

Bravepants said:

So your pension is down at the moment, and you want some form of quasi justice by having other peoples' pensions reduced to somehow make you feel better about it?

Sounds like socialism to me. He has more than me so take it off him.

doris540

Remembering its us in the private sector that are paying towards them. How true it is i dont know i read that doctors who are on £100k salary can take at retirement a lump sum of £400k tax free by some loophole in the system. How true as i said i dont know and if so how the loophole works i dont know either . With some companies going over the cliff after this virus if they had FS schemes then the government would be liable and the pensioners would only get a percentage.again throu no fault of their own.
 I know quite a few that have retired early from the public sector and say its not paid them to continue working The rest of us will just keep going till we drop.

german_keeper

You might find that somewhere like Mail Online might be a more natural home for you. And guess what, public sector workers are taxpayers too. Or are you one of that small proportion of people who believe that public sector workers don't actually pay tax?

kuratowski

Not really a great time for you to be coming on here and attacking doctors, to be honest.

Paul_Herring

doris540 said:

How true it is i dont know i read that doctors who are on £100k salary can take at retirement a lump sum of £400k tax free by some loophole in the system. How true as i said i dont know and if so how the loophole works i dont know either .

I read that they could actually take a £2.25m tax free lump sum. But, MP's could take £2.75m, however. Dunno how true that is either...

Most unfair for the MP's, if true of course. Should clearly be £3.75m.

Bravepants

I guess the solution is just to privatize everything. Then you can pay private enterprise for your health care, your bins to be collected, law making, law enforcement, street lighting, coast guard, ambulance service, roads, bridges, tunnels, street cleaning, defence and military, sewers, water supply pipelines, education, recycling centres, fire service, social care, courts and justice, standards and regulatory bodies, no-one would have to pay tax anymore. I wonder how competition would work to keep prices down while keeping shareholders happy? Would you be able to select which police force in your town attended your particular crime? You could leave reviews on Trustpilot for the bad ones. 

Silvertabby

german_keeper said:

You might find that somewhere like Mail Online might be a more natural home for you. And guess what, public sector workers are taxpayers too. Or are you one of that small proportion of people who believe that public sector workers don't actually pay tax?

During my 22 years in the RAF I was 'told' by no end of civvies how lucky I was not to have to pay tax, NI, food and accomodation charges (when single), or married quarter rent, council tax, gas, electric or water bills (when married).  All wrong.  And my salary was reduced by 9% in lieu of pension contributions.

p00hsticks

doris540 said:

How true it is i dont know i read that doctors who are on £100k salary can take at retirement a lump sum of £400k tax free by some loophole in the system. How true as i said i dont know and if so how the loophole works i dont know either .

So if you don't know whether it's true or not, why not find out before you post it here ?

kinger101

doris540 said:

Ive personally seen a loss of in excess of £12000 off the value of my company pension and my own private pension over the last month. 

You must have been doing something very wrong to have lost money over the last month.  My two funds are up 17.3% and 11.4% over this period.  Most people will be up over 12 months still.

Paul_Herring

p00hsticks said:
So if you don't know whether it's true or not, why not find out before you post it here ? 

I'm just mildly disappointed my post didn't attract as much opprobrium.... :pout:

(And why isn't that an emoji on here?)