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Planned tax raid on private pensions by the government

279 replies

Oldbean1965 · 22/08/2024 08:59

I have read a few articles about how the government plans to raid private pensions in their budgets in order to raise money. Of course it could all be stirring by the media.
How could they get their hands on our private pension money? We'll pay tax on it when we start receiving it anyway, which galls me as it's our savings. Why should you pay tax on money you've already been taxed on throughout your working life and saved?
I hate this government already, but the previous government were a shit show too 😡

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FinalInstructionstotheAudience · 22/08/2024 09:37

RhaenysRocks · 22/08/2024 09:31

But you pay into your pension BEFORE tax yes? So you haven't already been taxed on it.

You are taxed when you withdraw

caramac04 · 22/08/2024 09:36

I’m a bit worried about this. My promised state pension has already been delayed and now my work pension might be raided.
Only positive is Dr says I won’t live beyond 70 due to chronic disease ( I look really fit and healthy though and take care of myself).
I can’t plan for an early death and spend what I will have though

MillyMollyMandHey · 22/08/2024 09:33

They are going to tax anything and everything they can get their hands on.

But… train strikes are cancelled.

RhaenysRocks · 22/08/2024 09:31

But you pay into your pension BEFORE tax yes? So you haven't already been taxed on it.

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