Oh dear. So your comments are rooted in envy. Literally millions aren't able to do a lot of things throughout their lives, because we aren't all equal.
I agree Labour is about the working man. I just don't understand why 24 hrs after the working man retires, he shifts to become a target to grab all he has worked and planned for while working and instantly derided as a pensioner, or worse still a boomer. Whilst still probably being a retired...
Must admit, I think this Government thinks comfortable is also a Bad Thing. The luxury ones will always enjoy luxury. But the comfortable ones will be forced to reduce their comforts. Not sure why this is beneficial to anybody.
It's not astonishing though. Where is the subsidy? If you are referring to middle income earnings of say £35k to £40k, they get tax relief added to contributions. But this generates faster and greater growth in the pension pot. If the investor is rewarded for this risk and not having access to...
Just for context, I have a DB pension. I never earned enough even to pay higher rate tax, but I worked for the same company for many years. Had I taken a full 25% lump sum, it would have exceeded £100k. But that reduces income in retirement. But taking the £100k+, only gives you money to draw...
Sorry to see this thread rebooted with sad news. I almost gave a thumbs up to my own post above!
I hope he doesn't suffer too much now. Makes me want to email him and thank him for the pleasure since before I even started work over 50 years ago.
Fun facts:
It was Hopkin, not Hopkins. My next door neighbour was in the choir on it. It was the second recording released by The Beatles on Apple and produced by Macca himself.
Hey Jude was the first release on Apple. Produced by George Martin, but written by McCartney.