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  • FIRST POST
    • Jimb73
    • By Jimb73 17th Sep 19, 4:06 PM
    • 3Posts
    • 0Thanks
    Jimb73
    Threats to UK pension savers
    • #1
    • 17th Sep 19, 4:06 PM
    Threats to UK pension savers 17th Sep 19 at 4:06 PM
    Hi there I am after a huge favour. Is there an expert out there that can help me with finding what are the 3 main threats to pension savers in this country. Doesn't have to be a great volume of info just the main issues and i can research this further please!
Page 4
    • DairyQueen
    • By DairyQueen 23rd Sep 19, 10:36 AM
    • 935 Posts
    • 1,701 Thanks
    DairyQueen
    Brightening an otherwise dull afternoon - thanks for the laugh.

    Generally stupid politically?
    Gone slowly psychopathic?
    Gullible sucker puppet?

    No offence intended.
    Originally posted by nicknameless
    Resorting to personal insults is always offensive to the majority of forum readers and contributors. If the sum of your contribution is so infantile and irrelevant perhaps you could do the rest of us a favour and relocate to a media outlet that specialises in trolls.
    • lisyloo
    • By lisyloo 23rd Sep 19, 10:39 AM
    • 25,439 Posts
    • 13,645 Thanks
    lisyloo
    Losing up to 50% of your company pension when your employer goes out of business !!

    Source bbc reporting PPF rules wrt Thomas cook.
    • zagfles
    • By zagfles 23rd Sep 19, 12:14 PM
    • 14,633 Posts
    • 13,075 Thanks
    zagfles
    Losing up to 50% of your company pension when your employer goes out of business !!

    Source bbc reporting PPF rules wrt Thomas cook.
    Originally posted by lisyloo
    "up to 50%" is a sensationalist headline, 50% would only apply to the very highly paid. The vast majority will get at least 90%. Although possibly with worse indexation.
    • Thrugelmir
    • By Thrugelmir 23rd Sep 19, 12:22 PM
    • 65,042 Posts
    • 57,324 Thanks
    Thrugelmir
    "up to 50%" is a sensationalist headline, 50% would only apply to the very highly paid. The vast majority will get at least 90%. Although possibly with worse indexation.
    Originally posted by zagfles
    My first concern when losing my job was finding another one. Pensions aren't normally the first task on the agenda.
    ďIf the financial system has a defect, it is that it reflects and magnifies what we human beings are like. Money amplifies our tendency to overreact, to swing from exuberance when things are going well to deep depression when they go wrong. Booms and busts are products, at root, of our emotional volatility.Ē
    ― Niall Ferguson
    • lisyloo
    • By lisyloo 23rd Sep 19, 1:36 PM
    • 25,439 Posts
    • 13,645 Thanks
    lisyloo
    "up to 50%" is a sensationalist headline, 50% would only apply to the very highly paid. The vast majority will get at least 90%. Although possibly with worse indexation.
    Originally posted by zagfles
    Thatís very good know.
    I must admit I was shocked to read that.
    • Mick70
    • By Mick70 23rd Sep 19, 2:56 PM
    • 121 Posts
    • 10 Thanks
    Mick70
    political threats ? i.e if a hard left wing govt (corbyn? ) decided to reduce the LTA allowance level down to say 750k (or increase the tax percentage ?)
    stock market crash risks ?
    • Twopints
    • By Twopints 23rd Sep 19, 3:23 PM
    • 1,624 Posts
    • 2,544 Thanks
    Twopints
    political threats ? i.e if a hard left wing govt (corbyn? ) decided to reduce the LTA allowance level down to say 750k (or increase the tax percentage ?)
    stock market crash risks ?
    Originally posted by Mick70
    Is that the same LTA that was £1.8m in 2010? Since when it been reduced by a hard left wing govt to £1.055m.... Oh, wait, that can't be right

    Not even wrong
    • zagfles
    • By zagfles 23rd Sep 19, 6:02 PM
    • 14,633 Posts
    • 13,075 Thanks
    zagfles
    Thatís very good know.
    I must admit I was shocked to read that.
    Originally posted by lisyloo
    See https://www.ppf.co.uk/what-it-means-ppf

    The cap is about £40k at age 65, so way above the pension that most TC employees would be entitled to.
    • zagfles
    • By zagfles 23rd Sep 19, 6:04 PM
    • 14,633 Posts
    • 13,075 Thanks
    zagfles
    Is that the same LTA that was £1.8m in 2010? Since when it been reduced by a hard left wing govt to £1.055m.... Oh, wait, that can't be right

    Originally posted by Twopints
    No it was reduced by them nasty Tories who like to help their rich mates...Oh wait - that can't be right either
    • michaels
    • By michaels 23rd Sep 19, 8:17 PM
    • 22,834 Posts
    • 104,558 Thanks
    michaels
    Labour are confiscating 10% straight off to hand to the 'workers' regardless of whether they are earning 100k or more. Then perhaps they will confiscate another 10% for NHS and so on.
    Cool heads and compromise
    • Mick70
    • By Mick70 23rd Sep 19, 8:43 PM
    • 121 Posts
    • 10 Thanks
    Mick70
    Is that the same LTA that was £1.8m in 2010? Since when it been reduced by a hard left wing govt to £1.055m.... Oh, wait, that can't be right

    Originally posted by Twopints
    Ha.. I had wrongly assumed labour must have brought it in as a means of taxing higher earners / savers . Bit of a strange one why the tories reduced the LTA
    • Mordko
    • By Mordko 23rd Sep 19, 10:49 PM
    • 456 Posts
    • 205 Thanks
    Mordko
    Labour are confiscating 10% straight off to hand to the 'workers' regardless of whether they are earning 100k or more. Then perhaps they will confiscate another 10% for NHS and so on.
    Originally posted by michaels
    Once they confiscate 10% (or even beforehand), everyone who can will transfer their investments to non British companies and there will be nothing else to confiscate.

    Of course, Labour also promised to nationalise a bunch of companies at a cost of 6bn or so. Except that the market cost of these companies is a couple of orders of mag higher.
    • ffacoffipawb
    • By ffacoffipawb 24th Sep 19, 4:08 AM
    • 2,921 Posts
    • 2,052 Thanks
    ffacoffipawb
    Once they confiscate 10% (or even beforehand), everyone who can will transfer their investments to non British companies and there will be nothing else to confiscate.

    Of course, Labour also promised to nationalise a bunch of companies at a cost of 6bn or so. Except that the market cost of these companies is a couple of orders of mag higher.
    Originally posted by Mordko
    Cant see BP or Royal Dutch Shell keeping their London listings if these economic numpties try and steal 10% of their value.

    Venezuela here we come ...
    Retired: Financial Independence achieved in June 2019.

    Cofiwch Dryweryn
    • atush
    • By atush 24th Sep 19, 9:15 AM
    • 17,980 Posts
    • 11,414 Thanks
    atush
    Ha.. I had wrongly assumed labour must have brought it in as a means of taxing higher earners / savers . Bit of a strange one why the tories reduced the LTA
    Originally posted by Mick70
    Not strange at all. After the financial crisis/austerity they were reducing the tax lost to such schemes.
    • zagfles
    • By zagfles 24th Sep 19, 9:35 AM
    • 14,633 Posts
    • 13,075 Thanks
    zagfles
    Ha.. I had wrongly assumed labour must have brought it in as a means of taxing higher earners / savers . Bit of a strange one why the tories reduced the LTA
    Originally posted by Mick70
    Because of Cameron's "we're all in it together", which his opponents continually took the p out of, but they did actually do quite a good job of spreading the pain of "austerity" across the income scale.

    Of course some people have had tired old stereotypes like "the Tories only help their rich mates" hammered into them since birth and so find this sort of thing very surprising.
    • Terron
    • By Terron 24th Sep 19, 3:04 PM
    • 521 Posts
    • 569 Thanks
    Terron
    Some Brexiteers are quite sensible as well. Like Farage who said there should be a second referendum if the result is 52-48.

    Looks like the next election will be exactly that!
    Originally posted by zagfles

    Not exactly. Actually better as not a direct rejection of the people's vote.



    At the last election 85% of MPs were elected on manifesto's to honour the the referendum result. I suspect it will be less next time, but the MPs so elected are likely to be more honest in their intentions. It can't come soon enough.
    • Terron
    • By Terron 24th Sep 19, 3:10 PM
    • 521 Posts
    • 569 Thanks
    Terron
    Ha.. I had wrongly assumed labour must have brought it in as a means of taxing higher earners / savers . Bit of a strange one why the tories reduced the LTA
    Originally posted by Mick70

    Labour did bring it in in 2006 at 1.5m. It grew to 1.8m. It was then cut as part of austerity to show that the Tories weren't just hitting the poor.
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