RE: Rachel Reeves to 'scrap' pension tax raid7 Oct 2024 15:58
You're spot on Fleccy. The thief Brown would be in good company with reeves. Apart from the public sector, all others should be very worried about the next rob job ! The news item below sums it up !!!
The moment Brown was in power, he scrapped a hugely valuable tax credit that destroyed millions of final salary pension schemes. But only those in the private sector.
Brown didn't dare touch gold-plated public sector pensions.
Today, a mere 7% of private sector workers get defined benefit pensions, which pay a guaranteed lifetime income based on final salary and years worked.
By contrast, 80% of public sector workers still get them.
Today, Starmer and Reeves are considering a string of new taxes on pensions. Like Brown, every one is aimed squarely at the private sector.
None will harm their mates in the public sector.