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Comments
It's really sad
That for someone like me, for whom voting liberal would be natural were their actions to match what the word liberal means. I remain unable to vote Liberal yet again becuase of an iLiberal manifesto promise. People should only be taxed once on the same income and that is ALL tax relief at 40% on pension contributions is, i.e. not taxed when earnt, taxed when drawn. I have several clients who are only occassionaly 40% tax payers and perhaps in others make a loss. As a result, the tax take against them during their lifetime would actually be higher than someone a basic rate taxpayer and higher rate taxpayer. The lifetime allowance was supposed to be the fair method of ensuring people saved, but weren't able to save excessive amounts. If they want to restrict things further, then reduce the lifetime allowance again and get rid of ALL unfunded Final Salary Schemes, don't follow through with this mad suggestion
Posted by: Phil Castle
Egalitarianism
The Lib Dems are honestly trying to reduce the growing gap between rich and poor and also do something about the deficit. Labour should also adopt such constructive measures.
Posted by: Robin Bennett
Lib Dem pension plans
Excep for those in final salary schemes (or money purchase where an employer makes a decent contribution on top of the employees contribution), why should any one contribute to a pension unless they do receive 40% tax relief. The pensions industry and the government have colluded for decades in the scam to encourage lower paid individuals to pay into pensions. Any thinking person should be able to see at least half a dozen reasons NOT to put money into pensions.
Posted by: Bill Wells
They Would Say That Wouldn't They
Who are those guys kidding. Their only interests are their own. High earners and middle income earners will save for their retirement regardless. They do not need tax incentives to encourage them. Low earners and no earners are the ones who should be helped. As for their regard for final salary schemes, there are hardly any of them left anyway.
Posted by: John Smyth