four-wheel-drive Posted March 20, 2014 Report Share Posted March 20, 2014 (edited) The new savings plan for the over 65s sounds good, and probably is if you haven't had to spend all your savings just to survive. What Osbourne needs to do is to give retired people a pension they can survive on without dipping into savings for every day expenditure. What retired people need is to get some interest on there savings as they aint getting much if any now but he cannot do that or half the population would be thrown of of there houses as they could not afford to pay for it. Edited March 20, 2014 by four-wheel-drive Quote Link to comment Share on other sites More sharing options...
edwardian Posted March 20, 2014 Report Share Posted March 20, 2014 If they have got any savings left. Quote Link to comment Share on other sites More sharing options...
truflex Posted March 20, 2014 Report Share Posted March 20, 2014 How did those on benefits do? They usually come out on top. Quote Link to comment Share on other sites More sharing options...
kdubya Posted March 20, 2014 Report Share Posted March 20, 2014 How did those on benefits do? They usually come out on top. there ya go you can read that back on the cuckoo cloud KW http://www.cesi.org.uk/social-inclusion-news/2014/mar/inclusions-response-budget-2014-welfare-cap-0 Quote Link to comment Share on other sites More sharing options...
matone Posted March 20, 2014 Report Share Posted March 20, 2014 It is fandabidosi for those of us who have been funding pension plans throughout our working lives, the old annuity or miserably slow draw down system really screwed the people who had funded their pensions and the annuity providers were really coining it in. Shares in annuity providers took a bit of a bashing yesterday. Taxation wise pensions are a good option for higher rate tax payers as a load of the 40% taxed income can be shoved in the pension tax free. Always seemed a certain irony in forcing people to go the annuity route or 25% tax free lump sum and a tiny percentage annual draw down on the remainder when it is their hard earned money in the first place. If they spend it all before they have popped their clogs they will become more of a burden on society perhaps but it is very unlikely they've been much of a burden throughout their working lives so maybe it isn't that unjust? Like the increased ISA allowance too. My thoughts exactly !Luckily sussed it years ago and made it paid up.Just a well organised scam by big business imho. Quote Link to comment Share on other sites More sharing options...
old rooster Posted March 20, 2014 Report Share Posted March 20, 2014 I am not a big fan of any of them but I do not like people who just blame Bliar Brown and there chums never forget that Cameron and his bunch would not have been any better and in some ways they could well have made things worse with further deregulation of the Banks that was what they wanted not what they should have been doing regulating them more. Your comment is mere supposition as we didn't have those people in power while the havoc was being wreaked, B Liar and Brown did screw up monumentally, it is a matter of history. Quote Link to comment Share on other sites More sharing options...
keg Posted March 21, 2014 Report Share Posted March 21, 2014 They spent like there was no tomorrow, raided billions from pension funds, creating the pension issues we have now and increased the public sector by over 1m people for no discernible improvement in services. As I continue to state, it wasn't just the banks, a lot of the population spent like there was no tomorrow, just assuming their house prices would continue to go up. New Labour raked in personal and corporation tax as well so please don't just blame the banks. They are far from innocent but not solely to blame. Quote Link to comment Share on other sites More sharing options...
old rooster Posted March 21, 2014 Report Share Posted March 21, 2014 They spent like there was no tomorrow, raided billions from pension funds, creating the pension issues we have now and increased the public sector by over 1m people for no discernible improvement in services. As I continue to state, it wasn't just the banks, a lot of the population spent like there was no tomorrow, just assuming their house prices would continue to go up. New Labour raked in personal and corporation tax as well so please don't just blame the banks. They are far from innocent but not solely to blame. Too right!! Every lender needs a borrower for it to work, in this instance both were far too greedy and in many cases both knew there was never any intention to pay the money back. If that isn't a blindingly obvious recipe for disaster I don't know what is and the world just sat back and watched it happen, the politicians then saying they couldn't see it coming. That is what worries me as they were either total morons or bare faced liars. Some of us chose to continue living responsibly throughout and paying into pensions so I can't see why we shouldn't have the money out as we see fit. Tin hat on..........................retreating to nuclear fall out shelter. Quote Link to comment Share on other sites More sharing options...
overandunder2012 Posted March 21, 2014 Report Share Posted March 21, 2014 (edited) there ya go you can read that back on the cuckoo cloud KW http://www.cesi.org.uk/social-inclusion-news/2014/mar/inclusions-response-budget-2014-welfare-cap-0 your still ok if your on , Jobseeker’s Allowance and Housing Benefit paid to JSA claimants, they just cained the benefits paid to workers and sick people or did i read this wrong? Edited March 21, 2014 by overandunder2012 Quote Link to comment Share on other sites More sharing options...
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