Raiders of the Private Pension Pots

Posted on by

 

Defined Benefit Pension Schemes, also known as final salary schemes ( FSS) in the UK have a surplus of £160b, which is held in low risk/low return investments. The surplus is above and beyond that which companies need to meet current requirements.

Under current rules this surplus cannot invested in the wider economy.

Step forward the Government ( 2TK and Rachel from accounts) who have met with the bosses of companies such as Tesco, BT and Unilever, to propose a consultation in order to change the rules, in order to unlock £££bs for investment in the economy, the company or pension schemes.

Now, I’m no economist, but then neither is 2TK or Rachel, but it seems to me that I’ve heard of a few instances of people’s pensions being ‘repurposed’ and I can’t recall a single instance when it ended well.

I may have got it wrong, as I say I’m no economist, but if it isn’t broken don’t fix it, please.

bbcnews

Nominated by Jeezum Priest.

86 thoughts on “Raiders of the Private Pension Pots”

  1. Money makes the world go around, the world go around…..

    I can’t imagine anyone more qualified to take control of pension pots 😂

    Reply ↓

      • Are you referring to Robert Maxwell (real name Jan Benyamin Hoch) the fraudster and former Labour MP Termujin? A model of financial rectitude compared with expense fiddler and tea lady Rachel and 2TK the former Eastern European traveler.

      • The very same WS.

        You know, the fat fuck that couldn’t swim.

        Coming to the attention of Mossad probably didn’t help his buoyancy.

  2. Scraping at the barrel to ‘find’ money I.E. steal it, instead of saving and using money wisely.
    It is like an alcoholic stealing small change from a family members purse, instead of addressing the problem.
    If the end result was faultless public services, low crime, smooth roads and food, energy and military security one could forgive. As the end result is a festering shit hole on decline and overrun by the indolent, third world immigrants, fifth columnist judiciary and woke infection everywhere. Not to mention the civil service and the Two Houses in Westminster hellbent on our dear then fuck them all and wish them all misery and death.

    Reply ↓

  3. When we moved to Cornwall a few years ago I rented my cottage in Nottinghamshire out. I recently decided to sell it and was surprised to learn that the sale would be subject to Capital Gains Tax on the alleged profit. As I bought the place in 2009 it has gone up in value and HMG want 18% of the difference between what I bought it for and what it sells for 16 years later. I am currently wading through my bank statements from March 2009 to find out every penny I spent on the place so as to get tax relief.
    Any suggestions from my fellow cunters to minimise what I have to give those robbing bastards would be appreciated.

    Reply ↓

    • A dodgy accountant,like the chancellor for instance,might encourage placing the house into a trust,a trust created for the family.

      The trustees might decide to sell the property to another trust based outside the UK then “reinvest” the proceeds elsewhere as they see fit.

      Something like that anyway.

      Reply ↓

    • Would converting the ownership of your cottage to a Trust be of any assistance in this matter. The bent cunt uman rights lawyer Shiner did just that when his house was in danger of being seized and sold. Very successful to as I think the cunt still lives in said house but not sure as the Devil told the court that he could not stand living with the bent cunt any longer. Good luck with your endeavours.

      Reply ↓

    • Include all furniture, curtains, carpets, wallpaper, paint, etc, everything.

      I’m assuming you used at least a portion of it for business purposes, a home office or workshop, with ‘rent’ paid to yourself to offset income taxes?

      If you haven’t used it for business, more precisely claimed expenses for using it for business, you are NOT liable for capital gains tax, provided it is not part of a property portfolio. 2 homes is not a portfolio.

      Reply ↓

    • Also, it’s a very important question about the use of your property. If you used it, which I’m assuming you did, for business purposes and claimed expenses on your taxes, whilst you were living there, you are only liable to the proportion of the property you claimed for as a percentage of the CGT being charged. ie. if you used your garage as a workshop, only the increase of value on the garage is taxable. If you used 20% of the total available area of the property you are liable for 20% of 18% CGT in total – 3.6% of the ‘profit’ of the sale price, minus 3.6% of your expenses in making the sale, providing of course you did not claim 100% of your electricity, gas, repairs, improvements, internet etc against company profits.

      I am not an accountant, I’m just used to dealing with these fuckers. Get some proper advice from a qualified chartered accountant m8.

      I’m sure you can at least severely mitigate the tax, and you can do it perfectly legally. A trust is, in my opinion, an excellent way of falling out and getting severely shafted by whomever it is you are ‘trusting’. Don’t FFS, put it in your wife’s name. Losing 18% is a lot better than losing 100%.

      “I would never have believed she could have done such a thing, and she’s fucking my best mate as well”, said every man, ever, whose wife releases her double dealing inner whore.

      Reply ↓

      • Correct me if I’m wrong Termy, but I get the impression you’ve had a bad experience with a woman?

      • Divorce-raped Arfur, years ago, before I knew better. No cheating though.

        Love? Pffftt!

        Love is a dunghill, upon which I am merely the cockerel which crows.

  4. Isa’s are the next big thing for expenses fiddler Rachel to come for.
    When labour say investment it actually translates as pour down drain on madcap woke/lefty crap.
    She is both weird and thick, that one.

    Reply ↓

  5. Government plans for your pension pot? Oh Jesus Christ no! Us old ‘uns remember when the one-eyed Scotsman who was chancellor in a previous Labour administration comprehensively fucked up the pensions along with disposing of the gold reserves in virtually a BOGOF sale. If it looks like this will come to pass I suggest you draw your pension pot in used banknotes and stick it under the mattress. It’ll be safer there and you’ll get a better return.

    Reply ↓

  6. Isn’t the government a treat?

    They are very enthusiastic I must say.

    Constantly looking for ways to take our money off us and give it to foreigners,thieves,corporations and,of course, their “mates”.

    I’m possibly not alone in thinking if Rachel wants my money she’ll have to fucking well earn her keep finding it.

    I’d be quite happy to draw the lot out and send it abroad or have a bag of gold sovereigns under the floorboards.

    Owt to stop it getting pinched by Gravy Train deluded vermin.

    Final Salary Oven.

    Reply ↓

  7. I cashed in a dead pension and got £3000 robbed of of me in tax, tax on money I’d already payed taxed on. I’ve added it to my savings as I want to buy a home for retirement and leave it to the kids when I pop my clogs.
    If they sell it though they’ll get taxed.
    Tax three times on the same money.

    Reply ↓

    • Not a unique situation Major. In the UK oil companies are heavily taxed on the oil and gas they extract. The fuel you buy at the filling station carries a fuel duty of 52.95 pence per litre. VAT is then charged at 20% on the whole figure i.e. on the fuel plus the fuel duty. This equates to well over 50% of what you pay being tax and the great thing is that if oil prices increase on the spot market the one who really makes out of it is the tax man. In the recent past it has exceeded 70%. And the heavy tax the oil companies are charged, guess who ends up paying that. But for the taxation petrol and diesel would probably be £1 per gallon.

      Reply ↓

      • You’re not wrong there Arfur. Another one is vehicle excise duty. If you sell your car you can’t claim back the tax for the month you are in yet the new owner has to tax it from the start of that month. Two times the duty on the same car in the same month.
        They sold us that one by telling us we could do away with the paper disc.
        Total and utter thieving Cunts.

    • Have you seen dirty Angie’s fringe (not that one, ffs)?

      Looks like a blind man on a charging horse has hacked at it with a garden strimmer.

      Reply ↓

    • As she’s being back-scuttled over the bonnet Mis, prolly explains the utter shit-show of a ‘hair-style’.

      Having it matted with spunk doesn’t help either, cheaper than hair gel I guess.

      Reply ↓

  9. Didn’t a Gentleman by the name of Murdoch o similar with his emplyee’s pension funds? And did that work in their favour ? I think not. Then , do I trust Rachael the fiddler of expenses and the whole truth in past employments ? I think not. And for the cretin who put her in power, may I wish him an encounter with a farmers effluent dispenser, within the tank, and trapped there ( for ever more )

    Reply ↓

  10. I say JP, how dare you denigrate economist, chess champion and author Rachel?

    She’s been Chancellor of the Exchequer for 10 years, don’t you know?

    Reply ↓

    • Well, she does have a £22b black hole to fill, allegedly, so virtually stagnant investments, mmm?

      If she persuades even one company to invest in, let’s say a third runway at Heathrow, well, shes grown the economy. Unfortunately for Rachel, most of the big boy funds are not actually under their control ( think Maxwell, measures were put in place), so she’s sucking cock with no hope, the stupid twat.

      I’m going to enjoy the crash and burn.

      Reply ↓

  11. Trouble is any money they take won’t be ring fenced for investment but put into the pot and then spunked on dinghy raiders, NHS consultants and Starmers globe trotting, a few quid to Ukraine and a rewrite of Rachel’s CV which seem to have as many facts as Harry Potter.

    Something needs to be done about this government, they are dangerously incompetent.

    Reply ↓

  13. Now that a majority of individual US states are going to buy as much Bitcoin as possible and the evil cunts at Blackrock are also buying as much Bitcoin as possible, cunters might be well advised to spend a couple of days doing lots of research and buy some to enrichen their retirement.
    Also, the SEC recently repealed SAB 121, removing the shackles off of banks so they are buying it too.
    Bitcoin’s price is about to go stratospheric.

    Reply ↓

    • I’m prolly just too thick to understand it, but Bitcoin et al looks to me like a gigantic scam, a ponzi scheme waiting to collapse.

      Do you personally know anyone, at all, who not only claims to have made hundreds of thousands doing fuck all, for an investment of a few hundred, and actually has the cash in his pocket to prove it, not just numbers on a screen?

      The reason money is worth something (notionally) is that there is not enough of it to go around. If everyone was a millionaire, bread would be 10 grand a loaf.

      I like to keep my hand on my ha’penny 🙂

      Reply ↓

  14. This government and the last lot of twats are trying to bail out a bath while the taps are running.. fucking clueless.

    So many non jobs on huge salaries and perks..
    If DEI is that important to the running of the NHS, then advertise the job at five grand a year.
    Surely it’s not about the money?
    Surely it’s about trying to make a change?

    Nah its about the wonga..
    Get fucked, l hope Rodney’s hiv test gives him aids..

    Reply ↓

  15. She’s neither thick or stupid, she’s doing exactly as she has been told.

    And none of it bolds well for us.

    Those immos ain’t gonna pay for themselves, I keep telling people this.

    Off topic but the Vice President JD Vance has given the assembled wokeists at the Munich Shit Show a pretty decent lecture on what’s wrong in their lefty brains. A joy to see their faces, especially the Greta Thunderburg joke.

    Reply ↓

  18. Suppose most of you didn’t get a valentine’s day card eh?

    Stay in the shadows, Frankensteins assistant types mostly on here.

    I of course had to help the postman unload the sacks of mail at the front door.

    All in the cheekbones see?

    It’s a shame most of you have cheekbones on your foreheads.
    But then we can’t all have film star looks can we?

    Unless you count Boris Karloff 😂

    Toodles 💋

    Reply ↓

      • Hello Cuntymort 👍

        I got Mrs Miserable a big bunch of flowers, and a expensive card which after buying turned out not to have a envelope ☹️

        Then I bought her a takeaway,
        Her favourite – Chinky.

        I don’t like that sort of thing ,
        If God had wanted us to eat that sort of thing he’d of made me yellow as a Simpson and given me eyes like piss flaps.

        I had chips.

    • You’re a cheeky Chuff, I’ve got cheekbones like cut-throated razor handles, I’ll have you know!

      Unfortunately, everything sags off them, like an abandoned theaters curtains.

      Reply ↓

      • Don’t be vulgar Barry.
        This is a family site.

        Keep it up and I’ll terrorise you with a Maris piper.

      • Are you taking Mrs Miserable out dogging later or do you save that treat for her birthday?

      • I’m watching Top of the pops 1978.
        Rubbish.

        Remember them ‘Darts’.
        Den Heggarty,
        The lead singers were a sooty bird and some bald cunt who always looked a bit angry?

        I was their manager I’d of made a few changes.
        First the moon cricket
        Replace her with one of the Nolans or something,
        Then that slaphead

        ” Look pal, all I can see is the lights reflecting off your scalp.
        This is pop music.
        It’s about looks!
        Your bald, that’s a disability.
        I should sack you for it.

        Get yourself a wig
        We’ll give it a few weeks.
        But your on shaky ground Curly.”

      • Big Den Hegarty. Looked like Peter Capaldi on acid.

        Darts were shit, Terrible Doo Wop and 50s pastiches.
        78 was a mixed bag though.

        One the one hand, there was Buzzcocks, The Jam, The Police, PiL,and Blondie in the charts.

        But, also that Grease shite was uqbiquitous. You couldn’t move for John Revolting. Not forgetting the aforementioned Darts, Boney M and those bloody Smurfs.

      • Great singles by The Who and the Stones in 78.

        ‘Who Are You’ and ‘Miss You’ were probably the last truly great singles by both bands,

      • Iwouldn’t have minded a Nolan or two in the late 70s.

        Although Colleen is the stuff of nightmares. Totally repulsive in every way.

  23. Just sounds like organised theft. Cunts!

    To Rachel Thieves, seeing as its Valentine’s Day:

    Roses are Red, Violets are Blue, you can’t add up and look like a poo

    Reply ↓

    • A wisecrack I used to use Doc, was to say that in this country soon you would be prosecuted for farting. The joke is redundant. We are now there.

      Reply ↓

  25. Everyone in Labour should be hung off Westminster Bridge. They are ALL evil Marxist cunts trained up by that sucker of Satan’s turds Blair. He’s been planning this since 1997 and doesn’t mind playing the long game so long as he gets to institute Hell On Earth in the UK. I’d love to see him dragged out into the public square, his stomach ripped open, and his innards pulled out and shoved down his throat until he chokes on them. The most vile piece of shit of the 20th century, and yes, worse than Hitler.

    Reply ↓

    • He is indeed a traitor of the very highest degree. An utter scumbag.

      He should be arrested and tried as such, alongside being a war criminal.

      Marcus Cicero had the right idea about traitors – A common murderer is less to be feared.

      Reply ↓

  26. Hopefully this shower of shit government don’t live long enough to spend their pension. Especially the special one with his immense tax free pension.
    Great to see JDV put the self important cunts back in their boxes.

    Reply ↓

Leave a Reply

Your email address will not be published. Required fields are marked *