Work Hard And Provide For Your Retirement........

[ToraToraTora]

https://www.telegraph.co.uk/money/tax/inheritance/stolen-my-happy-retirement-letter-shames-rachel-reeves/

....and Labour will give it to someone who didn't.

Has this theiving government no shame?

[Peter Pedant]

ounce of nouse you'd see this is about the double bubble principle not the arithmetic.

er excuse me: I can see the word "double" which is two times in my book - a kinda arithmetic function

but hey who listens to me on tax ?

[newmodarmy]

Peter ...I think TTT is missing something very simple here. It's just treating pension assets in the same way as other assets. If it was £1 million pension pot or £1 million in a bank account then if we're going to have IHt it should be the same. If the beneficiary lives off the bank account interest of say 50k pa that would be taxable at 40%. If its a drawdown income of say 50k pa for 25 years thst should be taxable too...especially as it benefitted hugely from pension tax relief at 40%.

I don't see why TTT doesn't get it.

Okay he may be against all IHT but that's a separate issue to this budget change.

[ToraToraTora]

god you two are thick.