Saturday, February 26, 2011

Got a Pension? Spend it before you are 40

So now the government are thinking of letting people have access to their pensions by the time they are in their mid-30's.

So we are now dismantling the concept of pensions all together.

So how does his make sense?

Well, it seems independent bodies reckon its nice people can have access to their money that they put away.

Doesn't this expose fundamental flaws in the UK pension system, and make you wonder just why this lateral option is being considered.

I imagine this now means your pension earnings can be spent and provide more tax way ahead of schedule.

Now, is this private pensions only - what about the government pension scheme we are all entitled to: yes the one that is already woefully short of money...

I wonder if this is the start of the abolition of that, which we have all already contributed billions of pounds towards.

Reminds me of the Millenium Dome, built by the tax payer, left to rot by the government until they could sell it for what £5, or £1, I forget, and now making large profits, while the government has agreed the taxpayer should continue to pay for the upkeep....

Wonder when the banks are going to pay us all back with interest?