Someone has to pay for all the Govt spendingPrimrose Hill wrote:to me it is rather surprising that the tories are now becoming and behaves like labour, taxing the middle classes as it is easy target.



Someone has to pay for all the Govt spendingPrimrose Hill wrote:to me it is rather surprising that the tories are now becoming and behaves like labour, taxing the middle classes as it is easy target.
Nobody will stand up .....Primrose Hill wrote:So, punishing middle class people that are using B2L as a way of funding their pension is shocking. Middle class folks that are using B2L is order to ensure that their children get on the property ladder is another shocking matter.
UK bombing Syria and how on earth are we going to fund it all is the almight shock.
Taxing the middle class is way too easy. We are all to accessible. One day aren't the middle classes going to stand up for themselves? The UK is already restricting pension rights etc. Where is the cheese going to move to without the heavy taxation? More importantly are there going to be any cheese available when we are ready to retire without having to rely on the state pension of GBP70 per week?
Retirees now need to save $1 million if they want to get half of their income from relatively low-risk Treasury investments, according to new research from Michael Thompson and his co-authors at S&P Capital IQ. That's up from the $200,000 to $300,000 they needed to save to reach the same financial goal between 1990 and 1997 in inflation-adjusted dollars, Thompson says.
The reason retirees need so much more now? Rock-bottom interest rates on safe investments like Treasuries are to blame. "It's startling to think like this," says Thompson. "Rates are so low, in order for you to not take exceptional risk to try to have a reasonable retirement portfolio, you need a million dollars in assets."
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