crashologist Posted August 8, 2009 Share Posted August 8, 2009 Nutter. Sorry forgot the link: http://blogs.telegraph.co.uk/news/emmahart...e_all_involved/ Quote Link to comment Share on other sites More sharing options...
rolf Posted August 8, 2009 Share Posted August 8, 2009 What the hell is this compulsory savings scheme from 2012~????? Quote Link to comment Share on other sites More sharing options...
crashologist Posted August 8, 2009 Share Posted August 8, 2009 What the hell is this compulsory savings scheme from 2012~????? Sounds like another tax. Quote Link to comment Share on other sites More sharing options...
200p Posted August 8, 2009 Share Posted August 8, 2009 (edited) Make sure you guys get your government gateway ID number, or you won't be able to claim your pension at 70. Edited August 8, 2009 by Pseudo Lord Sandwich Quote Link to comment Share on other sites More sharing options...
Authoritarian Posted August 8, 2009 Share Posted August 8, 2009 (edited) What the hell is this compulsory savings scheme from 2012~????? It will be another tax on wages at 3-4% with a top up from the government at a similar rate and will include employer contributions too. You will automatically be opted in if you're PAYE but you'll be able to opt out. The government has gone for a system of soft compulsion.If you are an employee, you will be automatically enrolled into the low-cost national savings scheme from 2012. Employers can opt their employees out of the saving scheme - so long as they offer their own scheme on an auto-enrolment basis and are making contributions at a higher level than would be the case under the savings scheme. Employers contributions will be phased in over three years. Employees are themselves allowed to choose to opt out of the savings scheme. And there are lots of reasons why someone might choose to do so. They may be happy with the amount of money they have put aside for their old age, or have other pressing financial commitments. Ultimately, though, the idea behind automatic enrolment is that savings rates will increase because people will think it is too much bother to opt out. But the savings scheme has been criticised by some pension experts. They suggest that it could lead to a "levelling-down" of existing workplace pensions. The fear is that employers with more lucrative pensions schemes could take advantage of the changes to shut their own schemes down - and pay the 3% to the savings scheme instead. For this reason, Alan Pickering, a former government pension adviser, has branded the savings scheme "pie in the sky". Membership of the savings scheme will not bar people from a full basic state pension. Tossers. http://news.bbc.co.uk/1/hi/business/5015426.stm Edited August 8, 2009 by chefdave Quote Link to comment Share on other sites More sharing options...
Darkman Posted August 8, 2009 Share Posted August 8, 2009 Forced to save, then interest rates hit zero and QE destroys it anyway. Forced to contribute to NI, and then get nothing from it when you genuinely need it. Unable to buy a home, because investors have already bought it and rent it out to you. What a country Quote Link to comment Share on other sites More sharing options...
Toilet-Currency Posted August 8, 2009 Share Posted August 8, 2009 Forced to contribute to NI, and then get nothing from it when you genuinely need it. I believe that some of the NI contributions go into the NHS - but the rest of the system is poorly conceived and structured. Quote Link to comment Share on other sites More sharing options...
1929crash Posted August 8, 2009 Share Posted August 8, 2009 Russia was and still is rich in natural resources and manpower. After 1991 the ownership of Russia's natural resources landed in the lap of the ganster class making them incredibly wealthy, and it left the population without a suitable stream of income to pay for desperately needed infrastructure. Any drop in life expectancy was a problem wholly attributable to government policy failure and not the result of resource constraints. You are correct, but there was in effect no difference between resource constraints imposed by gangsters and Washington economists and resource constraints imposed by nature. Prepare to die early, Chefdave. Quote Link to comment Share on other sites More sharing options...
1929crash Posted August 8, 2009 Share Posted August 8, 2009 I believe that some of the NI contributions go into the NHS - but the rest of the system is poorly conceived and structured. Income tax and NI are not differentiated by the Government. The money goes into the same fund. Quote Link to comment Share on other sites More sharing options...
Moley Posted August 8, 2009 Share Posted August 8, 2009 Sorry forgot the link:http://blogs.telegraph.co.uk/news/emmahart...e_all_involved/ "There is no pension porridge pot bubbling away in the background, producing income with National Insurance contributions for when today’s grey-faced youth finds itself at its own enforced leisure." Maybe not, but there should have been. I think it should be means tested; my in-laws are loaded and they use their state pension to pay their cleaner and gardener. Quote Link to comment Share on other sites More sharing options...
Guest Parry aka GOD Posted August 8, 2009 Share Posted August 8, 2009 Hello West . . . meet East. Oh, that's right, you still demand ludicrous levels of taxation. No chance people can save to make their own provision then? Hmmmm . . . . Bit of an issue this . . . . Oh sh1t, the government is pure bu!!sh1t! . . . Oh sh1t we're actually poor like the rest of the planet?. . . Best jump on a plane and join 'em, then . . . Quote Link to comment Share on other sites More sharing options...
Guest spp Posted August 8, 2009 Share Posted August 8, 2009 Buy gold. and Silver! Quote Link to comment Share on other sites More sharing options...
R K Posted August 8, 2009 Share Posted August 8, 2009 You will continue paying interest on your mortgage until you're 75,80,85 DEAD. You can try and avoid it for periodss of your life but one way or another the debt beast will insist on picking the meat off your bones until there's nothing left even for the worms. Quote Link to comment Share on other sites More sharing options...
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