C
Confused_Fred
Guest
Right now you can take money out of your pension plan at 55. Labour want to change this 
Its our money, why should the government stop us having it?
Well the simple truth is people are living longer and more pensioners are paying 40% tax than ever before. If you withdraw most of it in cash at 55 years of age, the regular pension payments are reduce at 67 and the government get less tax.
It mite be our pension plan but its there tax income. And lets mot forget, you don't make it to 67...the pension provider gets to keep it all.
Its our money, why should the government stop us having it?
Well the simple truth is people are living longer and more pensioners are paying 40% tax than ever before. If you withdraw most of it in cash at 55 years of age, the regular pension payments are reduce at 67 and the government get less tax.
It mite be our pension plan but its there tax income. And lets mot forget, you don't make it to 67...the pension provider gets to keep it all.
