3 ms·
yeah if you're on that rate and not dumping every penny you can into your pension allowance each year (and using up any unused allowance for previous three year
by ac2u 3y ago
yeah if you're on that rate and not dumping every penny you can into your pension allowance each year (and using up any unused allowance for previous three years), you're crazy.
- c7THEC2DDFVV2V 3y agowhats crazy is forcing people to save for something they have no guarantee of seeing. Giving the pension age keeps increasing a pension is nothing more than paying into a pot you will never be able to fully use. Especially given how people are taxed on their pension payments.
- dan-robertson 3y agoTo be fair, the amount people are forced(?) to put into pensions from employment income is pretty tiny and there are tax-advantages savings accounts which people can use instead of pensions, up to a limit. There are also limits on incentives for pension contributions.