Member Info for Gate13Boy

🤣👍

“Labour’s plot to drag pensions into the death duty net will be a “slow-motion car crash”, Britain’s top savings firms have warned.

Grieving families face being taxed up to 90pc on unspent retirement pots after Rachel Reeves announced the inheritance tax exemption on pensions will end in April 2027.

However, pension providers said the Chancellor’s plans were “riddled with issues” and would be an “ongoing nightmare” for administrators because of the complexity of working out how much tax is owed.

The providers were responding to the Government’s public consultation on the policy which was designed to gather comments on how it should be best implemented.

Pensions were previously considered a tax-efficient way to save. But from April 2027, they will count towards the value of an estate and be subject to the 40pc death duty rate.

The change is estimated to cost grieving families around £65,000 on average, and is expected to discourage taxpayers from saving into their pensions.

Beneficiaries of those who die over the age of 75 could also face double taxation via inheritance and income tax. It means a higher-rate taxpayer could face a marginal rate of tax on inherited pensions of up to 90pc in some cases, according to accountancy firm RSM.”

Labour are thieving scum.

Quite onelongrunner.

What a shame that people won’t honour their pledge after taking part in a bit of fun. It is for charity after all.

If you collapse the pound the FTSE benefits. Hardly the work of Starmer and Reeves who seem hell bent on collapsing the economy.

My largest single holding too. Purchased at 85p. What a turnaround there after Covid.

That doesn’t fit with your socialist agenda DCB.

He was sat in the Commons at PMQs today. No big mystery DCB.

They just make it up as they go along. More taxes inbound no doubt and Red Ed thrown under the bus by Rachel from accounts.

You couldn’t make it up 🙄

“Treasury borrowing has already shot past official forecasts made in the Budget in a blow to Rachel Reeves’s plans to ramp up spending.

Britain has already borrowed £4.1bn more so far this financial year than was projected by the Office for Budget Responsibility (OBR) in its updated estimates in October, official figures show.

Public sector net borrowing excluding banks climbed to £129.9bn in the eight months to December, compared to the OBR’s forecast that the figure would stand at £125.9bn.

It comes after the Treasury borrowed £17.8bn last month, according to the Office for National Statistics (ONS), which was higher than the £14.2bn analysts had expected.

The rise in debt is unwelcome for the Chancellor, who faced questions about her ability to meet her fiscal rules following a surge in borrowing costs at the start of the year amid a sell-off in bond markets.

Ms Reeves outlined plans in the Budget to increase public spending by £70bn a year over the next five years, paid for by higher taxes and borrowing.”

What a disaster this government is 🤦‍♂️

“Labour MPs have voted to hit grieving families of military personnel with inheritance tax for the first time as part of Rachel Reeves’ raid.

Death in service payments – lump sums given to the families of deceased Armed Forces members – are currently tax-free.

But changes backed by Labour mean that the payment for off-duty deaths in service will be subject to inheritance tax for the first time, if it is not going to a spouse or civil partner.

It means that children or partners of unmarried servicemen and women will from April 2027 have to pay death duties on the benefit, which will now go into probate.”

If something is taxable Labour will tax it 🙄

Bought these at 85p in 2022. Just sold my initial stake. They have been spectacular. Long may it continue. A great British company.

Don’t drown cheap skate 👍

You’d have thought so. Thanks to all that have paid up so far.

He’s probably struggling on his 4% less tax in his building society account 😂

Agree hardup.

Can’t stand tight ar*es 👍

BNP or National Front or no one. Too scared to admit it 🤣

You do Brix. When are you going to say who you voted for before UKIP, the Brexit Party or Reform ?

Can’t say ? Stop slinging mud then.

I’m off too as soon as I get my Irish passport. Not going to live in a communist state. The spongers like DCB, Laura, wanderingon, Mick, Ant etc etc can pretend they keep the UK going whilst they just take and moan and ponce off those that have worked hard and deserve their wealth and private pensions.

Https://www.cityam.com/millionaires-leave-britain-in-record-numbers-since-labour-took-power/

I wonder why 🤔

Did voting Reform this time around stop millions of Labour getting in Brix ?

When are you going to tell us at all who you voted for before UKIP and Reform came into existence ?