On Mar 21, 10:17*pm, "dennis@home"
wrote:
On 21/03/2013 14:53, Man at B&Q wrote:

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.

A few percent compounded over a couple of decades makes a big difference
as anyone with a cse in maths will know.

Two percent pa tops, if we are generous and asume 10% dividends with a
fund invested 100% in dividend paying investment vehicles..

And anyone with half a brain would have seen what would happen and
planned accordingly.

MBQ