Viking Supporters Co-operative
Viking Chat => Off Topic => Topic started by: selby on July 02, 2024, 10:59:37 am
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Don't forget the last Labour government raided pension funds to the tune of £118 billion the last time they were in power, and they have their sights set on them again. Good old Mr Brown.
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Come on Selby no point making accusations of what might be to come without backing it up with a factual source.
Or is it because it's on the front page of the Mail?
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How near retiring do we need to be?
I already take a company pension
Truss decimated pension schemes
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How near retiring do we need to be?
I already take a company pension
Truss decimated pension schemes
Get ready for another raid on your Oension fund ,
That £118 Billion they stole caused the havoc in the world Markets back then!
Then Brown wasted £21 Billion of our gold Reserves selling them cheap!
Then they inflicted PFI on Public authorities building Police Stations, hospitals and schools that another Policy they will revive “But! On BETTER terms.’
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How near retiring do we need to be?
I already take a company pension
Truss decimated pension schemes
Get ready for another raid on your Oension fund ,
That £118 Billion they stole caused the havoc in the world Markets back then!
Then Brown wasted £21 Billion of our gold Reserves selling them cheap!
Then they inflicted PFI on Public authorities building Police Stations, hospitals and schools that another Policy they will revive “But! On BETTER terms.’
some proof would be good sprot
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How near retiring do we need to be?
I already take a company pension
Truss decimated pension schemes
Get ready for another raid on your Oension fund ,
That £118 Billion they stole caused the havoc in the world Markets back then!
Then Brown wasted £21 Billion of our gold Reserves selling them cheap!
Then they inflicted PFI on Public authorities building Police Stations, hospitals and schools that another Policy they will revive “But! On BETTER terms.’
Sproty you forget to mention "Cyclops" appointed Starmer as "Director of Public Prosecutions"
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Don't forget the last Labour government raided pension funds to the tune of £118 billion the last time they were in power, and they have their sights set on them again. Good old Mr Brown.
Good. I hope when Starmer gets in he gives it all to unemployed immigrants, with the proviso that they must spend it all on designer trainers and iPads.
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Don't forget the last Labour government raided pension funds to the tune of £118 billion the last time they were in power, and they have their sights set on them again. Good old Mr Brown.
Good. I hope when Starmer gets in he gives it all to unemployed immigrants, with the proviso that they must spend it all on designer trainers and iPads.
In that case you're voting for the right bloke.
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Don't forget the last Labour government raided pension funds to the tune of £118 billion the last time they were in power, and they have their sights set on them again. Good old Mr Brown.
What makes you think that this will happen Selby? Where have you seen that "they have their sights on them again"?
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Don't forget the last Labour government raided pension funds to the tune of £118 billion the last time they were in power, and they have their sights set on them again. Good old Mr Brown.
What makes you think that this will happen Selby? Where have you seen that "they have their sights on them again"?
Because some of his fans want him to?
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Let's not forget when it comes to voting,there are some horrible pensioners out the that could essentially be taking oxygen from younger people.
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Its already been suggested by economic sources that have been widely quoted previously on here as reliable that they will be looking at reducing the tax benefits into contributing into a pension scheme.
Mainly reducing the higher rate of 40% relief for higher tax payers down to 20%, reintroducing the lifetime limit and also reducing the tax free lump sum(currently 25%) downwards or stopping it completely.
If they do go down this read there's a very good possibility that a great many already in workplace schemes will either reduce their contributions or even stop them completely, could you imagine if this happened, the disaster that would ensure in 10/15 or 20 years would make today's costs of benefits seem like child's pocket money.
Completely bone headed and ideological dogma to do this, but then Labour do have form. When you look at all the "tax revenue streams" they have said they will not raise, these look fair game to tamper with.
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Let's not forget when it comes to voting,there are some horrible pensioners out the that could essentially be taking oxygen from younger people.
do I conclude that Pensioners are of a higher intelligence and have found a way to filter out Nitrogen you "Nitrogenist Racist"
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Its already been suggested by economic sources that have been widely quoted previously on here as reliable that they will be looking at reducing the tax benefits into contributing into a pension scheme.
Mainly reducing the higher rate of 40% relief for higher tax payers down to 20%, reintroducing the lifetime limit and also reducing the tax free lump sum(currently 25%) downwards or stopping it completely.
If they do go down this read there's a very good possibility that a great many already in workplace schemes will either reduce their contributions or even stop them completely, could you imagine if this happened, the disaster that would ensure in 10/15 or 20 years would make today's costs of benefits seem like child's pocket money.
Completely bone headed and ideological dogma to do this, but then Labour do have form. When you look at all the "tax revenue streams" they have said they will not raise, these look fair game to tamper with.
Spot on, that's where they're going to raid I fear and it's gonna cost me a lot of money but that's just my problem. Unfortunately nobody thinks about the absolute problem that's coming for many millennials etc when they get to retirement (one of the big reasons I won't vote conservative) but this would make it much, much worse for many in that bracket.
The answer from Keir Starmer on the Tories policy was interesting for current pensioners;
He is also asked if Labour would match the Conservatives' "triple lock plus" - meaning pensioners only receiving the state pension will not pay income tax.
"The position is exactly as it was set out under the last budget by this government," he says, meaning Labour won't match the Conservatives' position.
"What I'm not going to do is to follow the increasingly desperate attempts by this government to find money that isn't there."
That suggests to me he wants to see pensions inflated then taxed with the PA not increased at the same rate as the state pension. So much for not increasing taxes...
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''if'' is spot on pud?
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And Selby has done it again a little bit of bait and look how many he has hooked
Farage in disguise
Tory boy WUM
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Glad you joined in the conversation Raven with your comments, makes me feel so happy the subject has reached the not so bright who contribute to the forum.
The next time you get your tax return you can think of it as a birthday card from me.
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How near retiring do we need to be?
I already take a company pension
Truss decimated pension schemes
.... and I did point out once the start of the demise of Company Pension Schemes was not first started by Gordon Brown
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Here it is (take a bow Nigel Lawson ... Anagram We all Sign on
https://www.drfc-vsc.co.uk/index.php?topic=286574.0#msg1202964
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That's killed the thread eh ?
I don't profess to be particularly bright bloke but up to now I do remember events quite well
This is one case in point.
Particularly as I lived through the changes as my post above shows AND it was only a couple of years ago I posted the link above
Irrefutable and I have no reason to disagree with it , so like Golden Goal at Stoke which was actually factually a Promotion Goal I will always correct that Gordon Brown " started " the raids on FS Schemes
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Here it is (take a bow Nigel Lawson ... Anagram We all Sign on
https://www.drfc-vsc.co.uk/index.php?topic=286574.0#msg1202964
the selby's and dd's of this world don't wish to know that wolfie
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Don't forget the last Labour government raided pension funds to the tune of £118 billion the last time they were in power, and they have their sights set on them again. Good old Mr Brown.
Absolutely criminal that, how there haven't been prosecutions I don't know.
Like I've said before, if you work hard and save for retirement then labour think that money is there's.
Get ready for starmageddon, it's going to be horrific
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Don't forget the last Labour government raided pension funds to the tune of £118 billion the last time they were in power, and they have their sights set on them again. Good old Mr Brown.
Absolutely criminal that, how there haven't been prosecutions I don't know.
Like I've said before, if you work hard and save for retirement then labour think that money is there's.
Get ready for starmageddon, it's going to be horrific
Wolfie to DD (excuse me for using your post to educate others wolfiie)
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Hi danumdon. I regret that you too suffered Final Salary Pension blues
From 83 ish I was a Pension Rep at my place of work and latterly a Trustee and watched the s**t show unfurl in real time and the piece I posted below says quite clearly that no one person, nor one Party, nor any one entity {Bank of England or Actuaries body for example} was solely responsible was to blame
However it was Nigel Lawson who started the first assault on FS schemes by taxing the surplus(es) held by Pension Schemes
The Company I worked for was really successful , a darling of the City and it's FS Schemes was second to none and had a massive surplus. Then they screwed up by keeping Drugs destined for USA in an inappropriate manner. The FDA pulled the plug and amazingly my Pension Scheme then had more money than it's parent Company. It was not an uncommon occurrence
So Mrs T had eyes on the surpluses in every firm and they proposed to tax them at 40% if they didn't divest them . So Pension Funds like mine had Pension Holidays , uprated their benefits or returned the surplus to their parent Company " claiming they had made it big by ploughing their money into the Fund"
In effect Pension Funds we're saving (quite happily) for a rainy day and it was working well till Politicians and others interfered.
So you and I and others are / were shafted and a great benefit for us was gone but as you will read Gordon Brown / Labour didn't start it but I concede he continued it
https://theconversation.com/britains-great-pension-robbery-why-the-defined-benefits-gold-standard-is-a-luxury-of-the-past-100844
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Greece absolutely hammered pensions when they got into monetary trouble, the same will happen here whoever is in power.
The next government whoever could be receiving a poisoned chalice as European money problems could stack up against them.
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Greece absolutely hammered pensions when they got into monetary trouble, the same will happen here whoever is in power.
The next government whoever could be receiving a poisoned chalice as European money problems could stack up against them.
Keep the Greeks out then
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Greece absolutely hammered pensions when they got into monetary trouble, the same will happen here whoever is in power.
The next government whoever could be receiving a poisoned chalice as European money problems could stack up against them.
Keep the Greeks out then
Racist !
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Greece absolutely hammered pensions when they got into monetary trouble, the same will happen here whoever is in power.
The next government whoever could be receiving a poisoned chalice as European money problems could stack up against them.
Ah but troubles in Europe aren’t to blame for financial problems in the uk Selby.
Well that’s what we have been told on this forum often enough by certain Labour supporters.
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Greece absolutely hammered pensions when they got into monetary trouble, the same will happen here whoever is in power.
The next government whoever could be receiving a poisoned chalice as European money problems could stack up against them.
Keep the Greeks out then
Racist !
Hey selby can you talk to tony you're both on the same wavelength
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That's killed the thread eh ?
I don't profess to be particularly bright bloke but up to now I do remember events quite well
This is one case in point.
Particularly as I lived through the changes as my post above shows AND it was only a couple of years ago I posted the link above
Irrefutable and I have no reason to disagree with it , so like Golden Goal at Stoke which was actually factually a Promotion Goal I will always correct that Gordon Brown " started " the raids on FS Schemes
Politicians from across the political spectrum have played their part in this. In 1988, Margaret Thatcher’s chancellor of the exchequer, Nigel Lawson, imposed a tax on pension fund surpluses in a bid to stop pension schemes taking advantage of excessive tax relief to build up their reserves. This policy change led to many companies taking a “holiday” from contributing to their reserves, in order to avoid this tax. In turn, these pension holidays led to a depletion of rainy day pension fund surpluses.
Initially, this wasn’t a problem. Booming stock markets in the 1990s led to even fatter pension fund surpluses and this proved an irresistible target for the Blairite government that came to power in 1997. The chancellor, Gordon Brown, abolished substantial tax relief on dividends that pension funds received on their investments.
The financial effect of this tax snatch was colossal. It was estimated that the loss of this tax relief had extracted, in total, over £118 billion of income by 2014. If this lost income had been even conservatively invested, pension funds may have benefited by an additional £230 billion.
Wolfie I have studied the article,I don’t understand your bellicose post! When you read it pro Nigel Lawsons activities merely caused the Pension funds to take a tax holiday there was no plundering of the Pension funds, this resulted in the Funds becoming even wealthier, it is a well know fact that the Tories left a booming economy with massive growth which Brown and Blair plundered
To the tune of £118 Billion set hares running across the globe, the article , then states
That the defunds actually lost the equivalent of £230 Billion ! Now go into the bathroom look at yourself in the mirror and give yourself a damned Good Slapping!
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"This is going to happen!!! That is going to happen"!!!!
"How do you know"?
"I just do"!
Do people on here give more credence to things that have actually happened (say over the last 14 years for instance) than things that might happen according to people who really don't know?
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"This is going to happen!!! That is going to happen"!!!!
"How do you know"?
"I just do"!
Do people on here give more credence to things that have actually happened (say over the last 14 years for instance) than things that might happen according to people who really don't know?
There's nothing left except scuttlebutt the tories have voided everything including their bowels on the British public.
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Glad you joined in the conversation Raven with your comments, makes me feel so happy the subject has reached the not so bright who contribute to the forum.
The next time you get your tax return you can think of it as a birthday card from me.
Thanks for your lovely comment Selby it's been logged. As I'm not very bright in your eyes, with the amount of personal pension I receive I must have been bright enough for someone, what's a tax return?
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"This is going to happen!!! That is going to happen"!!!!
"How do you know"?
"I just do"!
Do people on here give more credence to things that have actually happened (say over the last 14 years for instance) than things that might happen according to people who really don't know?
I think that's the nub of a lot of the anger on here. It's hard to accept that something you wanted and supported has turned out so awfully.
It's even harder to have to deal with people who told you it would before it did.
We all have pride and ego.
Far easier to throw the brickbats back, rather than reflect.