{"id":7284,"date":"2016-03-09T01:49:20","date_gmt":"2016-03-08T18:49:20","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/pensions-system-favours-the-richest-letters\/"},"modified":"2016-03-09T01:52:08","modified_gmt":"2016-03-08T18:52:08","slug":"pensions-system-favours-the-richest-letters","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pensions-system-favours-the-richest-letters\/","title":{"rendered":"Pensions system favours the richest | Letters"},"content":{"rendered":"


\nPolly Toynbee\u2019s theory (Opinion, 8 March) that the chancellor caved in on reform of pension tax relief to a selfish pension industry suffers from one small problem \u2013 it isn\u2019t borne out by the facts. It is certainly true that the \u201cpension Isa\u201d option initially favoured by the chancellor and by the right-leaning Centre for Policy Studies would have caused major problems for pension savers. It would have abolished their upfront tax relief but left them dependent on future politicians not to tax them again in retirement.But there was another redistributive option on the table \u2013 a generous flat rate of tax relief giving extra help to millions of savers on modest incomes at the expense of higher earners. Royal London publicly supported such a reform, and is actually a 150-year-old member-owned mutual \u2013 a form of ownership of which I would have thought Polly Toynbee would approve. Moreover, any profits that the company makes from providing pensions are either invested in the business or handed back to members via the ProfitShare scheme. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Pensions system favours the richest | Letters<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Polly Toynbee\u2019s theory (Opinion, 8 March) that the chancellor caved in on reform of pension...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-7284","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-1Tu","jetpack-related-posts":[{"id":6912,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/george-osborne-backs-down-on-radical-pension-reform\/","url_meta":{"origin":7284,"position":0},"title":"George Osborne backs down on radical pension reform","date":"March 5, 2016","format":false,"excerpt":"\r Less than a fortnight before the budget chancellor fears backlash from affluent votersGeorge Osborne has been forced to abandon a package of pension reforms, including reducing tax relief for higher earners, amid growing concern that their introduction could have prompted a backlash from affluent voters. Related: \u00a34bn raid on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":79142,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-still-beats-a-pension-say-retirement-savers\/","url_meta":{"origin":7284,"position":1},"title":"Property still beats a pension, say retirement savers","date":"February 6, 2018","format":false,"excerpt":"\r Despite tax burden on buy-to-let landlords, number who favour property is rising\r \r Source : ft.com\r Read more...Property still beats a pension, say retirement savers","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7090,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-the-chancellor-right-to-not-change-pensions-tax-relief\/","url_meta":{"origin":7284,"position":2},"title":"Is the chancellor right to not change pensions tax relief?","date":"March 7, 2016","format":false,"excerpt":"\r The forthcoming budget was expected to include a pledge to cut tax relief on pensions for higher earners, but this has been dropped amid growing concern that it could prompt a backlash from affluent votersAfter weeks of speculation that the chancellor was planning big changes to the tax relief\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5324,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/pensions-the-10-point-action-plan-to-take-advantage-of-the-new-rules\/","url_meta":{"origin":7284,"position":3},"title":"Pensions: the 10-point action plan to take advantage of the new rules","date":"January 5, 2015","format":false,"excerpt":"\r You don\u2019t have to be on the point of retirement to be thinking about how you will survive once you stop workNext April will see the biggest, and most popular, reform to pensions in more than a generation. Any requirement to buy an annuity \u2013 much hated because of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10094,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/public-sector-professionals-under-threat-from-pension-tax-relief-changes\/","url_meta":{"origin":7284,"position":4},"title":"Public sector professionals under threat from pension tax relief changes","date":"November 7, 2015","format":false,"excerpt":"\r The chancellor\u2019s autumn statement could lead to the slashing of pension tax relief, while in April new rules will hit higher earners such as dentists and doctorsPublic sector professionals such as doctors, senior civil servants and university professors in line for pensions worth more than \u00a343,000 a year face\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":9194,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/british-savers-response-to-pension-freedom-carry-on-as-before\/","url_meta":{"origin":7284,"position":5},"title":"British savers response to pension freedom? Carry on as before","date":"March 26, 2016","format":false,"excerpt":"\r Last year the over 55s were given the freedom to use their savings however they liked. Some opted for property, others for stocks \u2013 we look at how they all faredOn 6 April last year the shackles were taken off Britain\u2019s savers. No longer would they be required to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/7284"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=7284"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/7284\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=7284"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=7284"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=7284"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}