More tax on pensions

formatting link
This lot really wont be happy until I am begging on the streets.

Reply to
kajr
Loading thread data ...

The thing is not to be a with-profits fund. AFAIK this tax only applied to these. With-profits funds are probably a bad idea even without this new problem (a contentious statement).

Rob Graham

Reply to
Robin Graham

In message , Robin Graham writes

Quite!

The Govt (via the FSA) panics the market and then tells the W/P funds to switch a wodge of their funds into Fixed Interest thereby preventing the funds from participating in equity gains.

Investors panic so the funds apply an MVA.

Then the Govt increase tax on the funds.

Hmm am I cynical that this just happens to coincide with the Govts increased need for borrowing?

Reply to
john boyle

Bryan

Reply to
peopleschampion

BeanSmart website is not affiliated with any of the manufacturers or service providers discussed here. All logos and trade names are the property of their respective owners.