new pension rubbish!

[Paul in the woods]

And when you take your pension, you will have to pay tax on it but on the ISA, apart from the tax on the dividend payment Gordon Brown implemented, all the final gains and withdrawl are completely tax free....some say an equity ISA is more flexible than a pension!

 

Don't forget you can get 25% of the pension pot as a tax free lump sum and you've got your annual personal allowance. So, at the moment, you can get £10,600 of pension payments tax free a year (including the government pension).

[ballibeg]

Heard plans afoot from SNP to tax heavily buy to lets to redistribute wealth.

[spudulike]

Heard plans afoot from SNP to tax heavily buy to lets to redistribute wealth.

 

Looks like the best option then is to be unemployed with a drip feed from these socialists, I love this ethic that it is somehow distasteful to actually make some money and go something with your life:sneaky2:

[kimtree]

superanuation over here in OZ

Employer has to pay into your account about 10% of your salary and you can put in a certain amount per year at a reduced tax level yourself

however when you take it out depending on wether it is a lump sum or dribbled out pension style you are taxed on it at a reduced level

So your taxed on the way in and out as well

 

However they keep changing the rules on what age you can get it and the pay in % changes depending on what party is in at the time