In message
, Man
at B&Q writes
On Mar 21, 3:22*pm, bert ] wrote:
In message
, Man
at B&Q writes







On Mar 21, 12:53 pm, Roland Perry wrote:
In message
, at
05:32:55 on Thu, 21 Mar 2013, Man at B&Q
remarked:

But Brown did do a raid on UK pension funds.

He did not raid any funds. He altered the taxation of the returns of
those funds.

But the funds were predicted to grow as a result of those "returns"
(which most people expect from 'investments') and the raid reduced the
net returns (increasing the treasury's take) and hence tore up any
earlier predictions about the final worth of these investments.

It was a tax on dividends which themselves were only a few % of the
fund.

But a few % on a year on year basis, so over say 30 years adds up to
quite a bit.

No more than you need to account for and plan for due to other
influences on returns over the same time frame. So not really a big
issue.

MBQ

Whether or not other influences are bigger or smaller is irrelevant.
This is one specific adverse factor caused by a grab on the funds by the
last Labour government as they started running out of cash long before
the credit-induced banking crisis.

--
bert