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Guest muttley

Sipps: The Honey Trap

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Guest muttley

Has anyone ever wondered why a left wing party (allegedly) with a socialist Chancellor is so keen to offer a tax break to the rich.If Gormless Gordon and His Tonyness were simply concerned about middle Englands pensions they could simply reverse their decision to raid private pension plans.

Instead they choose to stake out the goat of SIPPS and allow residential property to be included in the pension scheme.

Now,if you thought owning property was illiquid,wait until you put it into a SIPP!!

You therefore make yourself a sitting duck for future taxation.It's called redistribution of wealth,and it's why Tony and Gordon joined the Labour Party.

I don't normally go for conspiracy theories,but this looks dodgy to me.

On the subject of SIPPS,do people really imagine investors will plough in next April?

Investors usually seek value.Therefore better to let the market slow/correct/crash before parting with your readies.

I think I'll wait and see.

Edited by muttley

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Brown (stain in his pants tra la la la la) will do anything to prop up this little property pyramid scheme.

SIPPS has been discussed time and time again on this board. HOWEVER, Gordie does understand that the property market is (to a point) sentiment driven. He's hoping that SIPPS will keep the party going a bit longer until he gets to number 10.

IMHO I doubt either will happen. It's all coming apart now and the panic will start.

Just my 2p ;)

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Has anyone ever wondered why a left wing party (allegedly) with a socialist Chancellor is so keen to offer a tax break to the rich.If Gormless Gordon and His Tonyness were simply concerned about middle Englands pensions they could simply reverse their decision to raid private pension plans.

Instead they choose to stake out the goat of SIPPS and allow residential property to be included in the pension scheme.

......erm,maybe because the rich gits told them when they took office:

"look,WE run the country,you WILL do as you are told or we will bugger off and put our funds elsewhere leaving the whole country bankrupt and begging for handouts like etheopia.AND THEN WE WILL GET OUR NEW BUDDIES TO INVADE YOU AND PLUNDER WHATS LEFT TO GET THE REST OF OUR MONEY BACK"

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Guest muttley

He's hoping that SIPPS will keep the party going a bit longer until he gets to number 10.

No,I agree with buckers.It's a way of increasing tax revenue.

Pensions are fine when you're putting money in,not so great when you're trying to get money out.

Incidentally,a co-worker saw a Financial Advisor last week who advised her to delay putting her house on the market,as prices were going up in the spring.The reason? A lot of rich investors from London were going to take advantage of a tax break,and buy in the area. :unsure: Blackpool :ph34r:

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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