In message om,
"dennis@home" writes


"Dave Plowman (News)" wrote in message
...

Your pension fund wasn't as good as mine. Mine had three different ways
of working out your pension. The worst was the final salary. The others
being the fund + credited interest and the fund + growth. Up until
NuLabore stole a lot of the fund the fund + growth returned more than
the final salary. You got to chose whichever was best when you retired.

Why do you think a pension fund - out of all types of savings - should be
immune from taxation?

It wasn't, they stole the tax and claimed the share growth would cover
the loss.
Just before they wrecked the economy.

If they had allowed it most people would have switched to ISAs which
were still tax free on their growth and when you spend them.


Now it is just final salary based which is less.

Perhaps you should have worked harder.

Perhaps they shouldn't change the rules without giving sufficient
notice so people can actually make up the difference.
All so they can bribe their stupid (who must be like drivel) supporters
into giving them another five years to cr@p all over everyone.
For people with SIPS pensions they have changed the rules AFTER you've
retired - and subjected the residual value to55% inheritance tax, the
highest tax in the system.
--
hugh