Some of you may remember a nomination of mine, published on February 14th this year. No, don’t worry, I’ve attached a link to it, because I’m lovely like that!
Raiders of the Private Pension Pots.
Anyway, I came across this.
For those of you who can’t be arsed a brief summary.
“The UK Treasury is reportedly preparing to formalise an agreement that would see Pension Funds commit a significant slice of their assets – up to 10% – into private markets, with 50% required to be channelled in UK investments.”
This comes with the warning that, if firms don’t comply, the Government may legislate to force the move.
Today, businesses. Tomorrow private savings accounts.
It’s well worth reading the entire article, btw.
Nominated by : Jeezum Priest
I’m spending mine like there’s no tomorrow,so they’d better be sharpish if they think they’re getting any of my hard earned…liebour and money doesn’t mix well, never has never will…no pockets in shrouds dear cunters, give them nothing 👍
17
Fucking right G-e…I reckon there won’t be a government pension within 10 years, no matter if you have, like all of us ISAC gentlemen, put in your full allocation of tax and NI.
Unless you have a decent private pension and/or some amount of Bitcoin, you’re going to be financially Lubbocked soon.
14
I say you’re spot on Mr CE. Hence the big drive to ensure every working person has a private pension – a legal requirement. They ain’t doing it for the good of our health, no there will be a mark in the HOC calendar when the plug will eventually be pulled.
Before that day when it is pulled for good, the qualifying pension age will be like a carrot on a bit of string – you’ll never get there.
10
I think you’re missing one small detail though.
Those stupid enough to have grafted their entire life, in the vain hope that one day they can retire on a state pension, will lose out.
The worthless shitbags who have never worked a day and sit on their arse watching Jeremy Kyle re runs will of course get a state pension. Otherwise they would be able to eat.
Likewise the dinghy vermin.
18
If that happened, Odin, I would have to ‘reinvent’ myself as Mr Wahaddah Maskinbachstan, cover myself in finest Kiwi Brown, wear white pyjamas, grow my beard longer and jabber away in ‘Benglandesh’.
I’ll have a flat, a mobile phone and wads of cash to spend in no time.
14
You’ve been learning from the Grenfell scum I see, Paul.
5
Financial diktat by government officials who’ve never worked in any meaningful sense in the investment or banking sector always ends well.
Remember “They Know Best”.
It must be wise to invest in Britain,by law of course,what with a decrepit service economy and the highest commercial energy prices in the world.
Let Rachel Sort It Out…
Obviously anyone with an ounce of sense will run in the opposite direction entirely,and take whatever action necessary to limit their exposure to UK tax and fiscal political dogma.
Those cunts would see British people beggared and would happily give their homes to foreign dross in the blink of an eye.
Filthy Cunts.
21
I’ve been receiving my annual letter from Department for Work & Pensions, with its three sided perforated opening edges for years. Once any payment is stopped, I’ll kick up the biggest fuss that any fuss as ever been kicked.
14
I’ve a letter promising never to tax my State Pension.
No, they’ll just tax my private ones until they disappear in tax.
Put the PA for pensioners up to £20k.
5
Then, when they’ve wasted your pension money on their woke shit, they’ll be coming for the equity in your house.
14
I have an underfunded private pension. Fortunately if we are reasonably careful and becayof the wife’s teacher’s pension we live pretty well now we are both retired.
However our lifestyle is nothing compared with those who have worked in the public sector. They seem to be permanently on holiday and not just in Bognor or Skegness but anywhere exotic.
Anyway I can’t think of a single commercial adventure that the public sector has touched that has been successful, you just know that this latest hare brained scheme will go tits up.
Good morning
12
Who would want to invest in anything the current government are involved with – Starmer, the master of Reverse Midas – where everything he touches turns to shit, aided and abetted by the brainless moron Reeves, whose face always has that “I’ve just fucked up again, silly me” look on it.
19
Pair of gormless unflushable turds
7
They “invited” me to save 50 quid a month and give me 25 quid a month for doing so.
Would save 500 quid a month if they let me. Need to wait 2 years for the payment but still, must have been aimed at a different demographic than myself if they are so freely giving money away.
5
It’s not difficult to see where this is leading.
The ultimate destination being pensions having to ‘invest’ in bird mincers, reverse fridges and self-combusting milk floats. Mandated by a Cabinet which contains not a single person who has ever run a business. No doubt they’ll legislate to exempt Chagos Charlie’s pension as well seeing as it’s already tax exempt.
I’m contemplating moving my pension into something safer, like Zimbabwean dollars.
14
The man who initiated the rot for private pensions was of course, Gordon Brown. That was in ’97 a couple of years before he sold half the gold reserves at the lowest price gold had been for decades and announced beforehand his intention to do so, pushing the price down a further $10 per oz.
17
That’s right AB.
Although very well documented I cannot resist mentioning what a colossal festering Cunt Gordon “racist pensioner” Brown is.
A gold plated mongoloîd CUNT.
thank you.
15
You forgot bigoted and one eyed 👍
2
Helmet Head has spent this years allowance already on gobstoppers and liquorice whips, so she sees that Mr&Mrs Sensible have got a well stuffed piggybank, and she’s trying to find a way to crack it open, to fill in her black hole.
Never mind that you won’t get your money back, it’ll have been frittered away on vainglorious schemes, because you won’t be retiring anyway, as the retirement age will rise again and again, until it reaches 103!
9
I wish Rachel From Accounts DID stick gobstoppers in her mouth, so we didn’t have to hear her costermonger voice, and as for the whip, I’d be very happy to give her a real one in the ceremony of the bare-arsed whipping for political motherfuckers ceremony.
10
Rachel is running out of other peoples money, what can she do.
Take money for anyone who has anything, two ha’pennies to rub together, not much longer if you have two Rachel will take one.
Nothing new, it’s old Labour all over again, demographically we are heading to the third world so may as well have a third world economy.
The state pension is heading into taxation if the cunts don’t do anything about personal allowance, an absolute fucking disgrace, at least Rishi the cunt recognised that and had proposed putting it up for pensioners, should be a lot higher for everyone to get cunts working.
If you want growth, stop spending money on stupid stuff and make work pay, make running a business worthwhile no screwing them into bankruptcy.
Net Zero, for immigration and channel cunts, not fucking carbon.
15
We should all be seriously troubled by the parlous financial state of this small island. The £20B “black hole” was more of a black pinhead in relation to where the finances are heading.
The National Debt is simply out of control.
https://www.nationaldebtclock.co.uk/
The In the financial year 2023/24, government revenue – from taxes and other receipts – was £1,098 billion (£1.1 trillion) while government spending was £1,230 billion (£1.2 trillion). The deficit was therefore £131 billion, equivalent to 4.8% of GDP (source Commons Library).
In simple terms, this deficit is equivalent to 54 year old Yvonne, who has a credit card fetish, spending upwards of £1,200 a month, but only paying off £1,000 every month. The net debt (£200) plus interest soon adds up and increases Yvonne’s debt (now at £10,000).
Yvonne will not rein in her spending (as won’t our illustrious Gubbimint), no, no. Yvonne will keep on spending. The only difference is that Yvonne can’t find any more cash, unless she sells her jewellery, clothes, white goods and eventually her house. Whereas Keir & Co. will keep squeezing business and pensions for extra cash.
Two things the UK and Yvonne have in common – they are on course for a head-on collision. It won’t be pretty.
17
Thank you Paul.
Quite right.
As the State expands it simple engulfs private wealth and enterprise.
It’s destructive and poisons growth.
Hopefully the hapless set of cunts will continue to tax and spend themselves into serious financial meltdown thus leading to a political crisis.
Then another set of cunts can start the whole process over again.
Panto.
9
Government: who’s money can we spaff today?
8
I could see this coming a mile away.
If you have money, Labour want it to pay for their non-working Muslim friends.
Labour will re-word any legislation to steal British tax payers funds.
13
I imagine the state pension pot will soon be emptier than pol pots social diary during the purge.
Still with labour in charge what could go wrong. I mean they have just banned disposable vapes. Not bad for ten months in charge.
10
An odd choice given the usual shopkeeper is a cousin of Lord Alli, that and the tax on them would have would have been huge.
Plan must be to turn a blind eye to certain shops.
6
Bunch of clueless wankers.Full pension pot oven
4
I look at it like this, –
You KNOW you can’t trust the government.
You. Know banks are a bit shady.
You wouldnt give the local crackhead the contents of your wallet and say “mind this for me”
Or flag down a van of gyppos and ask them to hold it for you till you need it.
Because theyre not trustworthy.
Get a safe.
Oh and the taxman can get fucked anall.
That cunts dodgier than any crackhead.
Tell em nowt.
12
Yes Mis, it all comes down to trust.
Before taking your State Pension you have the option of delaying it, so that when you do take it you get more. All well and good, but if you croak soon after taking your delayed pension you’ll end up receiving less overall and probably have been taxed on it as well.
But the main reason I took mine straight away was that I simply don’t trust the cunts to honour their promise to pay me more later. Anyone who does is naive.
11
Also Geordie changes were made in the rules at the turn of the tax year in 2016 which made delaying drawing your pension a far less attractive proposition financially. I remember the date because I was born six weeks too late to benefit from the old rules.
7
Rumour has it that she’s coming after Salary sacrifice schemes in the Autumn budget, as well as looking at forcing smaller companies to amalgamated pension pots together, to create larger funds to invest.
https://ifamagazine.com/why-cutting-salary-sacrifice-pensions-would-be-a-short-term-win-and-a-long-term-disaster-says-penfolds-chris-eastwood/
For those who don’t know, salary sacrifice is were an employee voluntarily puts a percentage of their salary into the scheme, as currently there’s no NI paid (by both employers and employees), nor is Income tax paid.
The plan is to start charging both NI and IT on money over a certain limit.
10
Labour have a history of fucking up people’s retirement..!
That one eyed scotch twat Brown killed final salary scheme’s with his first budget..
I was on a pension committee at the time and when this very little reported act by him to remove the tax credit on dividends accrued by pension schemes was announced in his first budget (1997) we knew final salary schemes were finished…!
The cunt spunked 5 billion on fuck knows what that he robbed..The bozz eyed bastard did more damage than captain bob Maxwell…!!!
https://www.fidelity.co.uk/markets-insights/personal-finance/personal-finance/the-unintended-consequences-of-fiddling-around-with-taxes/
21
My punctuation was slightly lacking in the above. One of the Blair creatures accolytes makes my piss boil over…!
Yes Gordon, I am that bigoted woman from Rochdale.
You lefty liberal bastard..!
4
When I was little, I used to get 3 pence a week spending money. That’s 3 pre-decimal pence.
Before I developed a brain, I used to spend mine on a Lucky Bag! Remember them? Brightly coloured paper, mystery “free” gift.
Once opened, they had a few cheap sweets and a piece of plastic crap toy that broke almost immediately. Then I’d be wheedling my more sensible siblings for some of their stuff, to which they’d jovially reply with ” fuck off”.
Anyway, Rachel from Complaints is like that. Bought a lucky bag and is now trying to make the fiscally sensible share their sweets.
Let’s hope she gets told to “fuck off”.
14
Whats in a Jewish lucky bag JP?
A replacement foreskin and a five pound note? 😁
9
A miniature set of the Ten Commandments, a trumpet made from a rams horn and a yamulke, Mis.
10
Sorry, yarmulke. Sausage fingers!
( Yes, pork ones!)
7
Ive never been canny with money. ☹️
Oh. I can graft and earn it.
No. Problemo.
Cant save for Fuckin toffee.
As a young man id piss it up the wall.
Now I wish id stashed more of it.
Ah well, never had a pot to piss in so no point fuckin crying eh?
Always wanted gold teeth like the sooties have. Shame.
13
Viv Stanshall said that if he’d saved all the money he’d ever spent on booze, he’d spend it all on booze.
11
Splendid!
That should go on a wall of brilliant quotes, like the George Best one someone posted recently, about spending his money on booze, birds and fast cars, and squandering the rest.
8
Viv was right.
A truly great Englishman and gent. 🏴
6
Good job you weren’t a Viking and burying your hoard in the mountains then Miserable.
There would be nowt left for Valhalla!
Pissed away on whoring and drinking and betting on captured English monks fighting each other to the death.
9
Interestingly, guess who’s 22ct gold plated final salary pensions are absolutely guaranteed tax exempt?
A sherbert dibdab to the first to guess correctly!
9
Err…hard working families?
3
Sadly no, Hugh.
As my P45 ( substitute) clearly show.
£3k 2023-2024, 2024-2025, final result not yet in.
£200 WFA, paid for mine and 14 others just in tax on my pensions.
4
Is it this brittle,charmless, adenoid robot?
https://www.gbnews.com/politics/keir-starmer-inheritance-tax-perk
Got to pay for those Ukrainian rent boys, and a new front door.
9
You’re almost correct, Barry.
Perhaps I should have defined it more broadly. It’s not an individual, it’s an, shall we call it, institution.
2
Yes that’s him Barry..
Sodomîte and traitor.
Hardly unique unfortunately.
4
And treatment at private clap clinics and pile cream doesn’t come cheap either, nor the frilly underwear, then you have to add in the blackmail money…….
2
You would have thought they would have burnt his back door? On second thoughts, maybe they had all already done that…
3
king Churles de Turd
2
Him as well, but that’s not the answer.
I’ll give you a clue.
We are encouraging the Lass to look for a career in the Foreign Office, Home Office, Highways Commission, etc.
Hope that helps you out.
2
Raids on private pensions.
This misses the point.
Them immos arriving in Kent daily, by the rather large boat load* ain’t gonna pay for themselves.
* if the fucking BBC can keep referring to Unkle Vlads Special Military Operation as a ‘full scale invasion’ then its only right that a rubber dinghy with over 50 on board is by no means a ‘small’ boat.
Get to fuck.
9
Starmer……!
Has any Prime minister of GB ever been detested as much as this Marxist cunt…!
Roll on 2028..
10
SLIGHTLY (but nor much) O/T
Some of you might wish to sign and share this petition which the government are no very happy about – if Kweer is unhappy then I am happy, and Sugartits Cooper will probably piss in her pants as well (the little Junior Miss ones):
https://petition.parliament.uk/petitions/705383
3
Thanks W.C signed and link sent on to many, many more…
0
Anyone due to retire in more than 10 years and thinks they’ll have a ‘pension’ is a foolish cunt. It’ll all be given to benefit scrounging moose limbs having 8 shits each.
4